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   "value": "1.<span class=\"ff5 ls0_1\"> <span class=\"_ _f\"> </span><span class=\"ff3\">Actividad del Grupo </span></span>Ence <span class=\"_ _10\"></span>Energ\u00eda <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>Celulosa, <span class=\"_ _0\"></span>S.A. <span class=\"_ _10\"></span> <span class=\"_ _10\"></span><span class=\"ff6\">(en <span class=\"_ _10\"></span>adelante <span class=\"_ _10\"></span>\u201cla <span class=\"_ _10\"></span>Sociedad<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>Dominante\u201d)</span><span class=\"ff6\"><span class=\"_ _6\"></span></span> <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>constituy<span class=\"_ _6\"></span>\u00f3 <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>a\u00f1o <span class=\"_ _10\"></span>1968 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>tiene ubicado <span class=\"_ _11\"> </span>su <span class=\"_ _11\"></span>domicilio <span class=\"_ _11\"></span>social <span class=\"_ _0\"></span>en <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>calle <span class=\"_ _11\"></span>Est\u00e9banez <span class=\"_ _11\"></span>Calder\u00f3n, <span class=\"_ _11\"></span>3-5 <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Madrid <span class=\"_ _11\"> </span>(Espa\u00f1<span class=\"_ _6\"></span>a). <span class=\"_ _11\"></span>En <span class=\"_ _0\"></span>2024 <span class=\"_ _12\"> </span>la <span class=\"_ _11\"></span>Sociedad  Dominante <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>cambiado <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>domicilio <span class=\"_ _0\"></span>social <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>bicado <span class=\"_ _0\"></span>anteriormente <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _11\"></span>Calle <span class=\"_ _10\"></span>Beatriz <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Bobadilla, <span class=\"_ _0\"></span>14 <span class=\"_ _10\"></span>de Madrid (Espa\u00f1a)<span class=\"_ _33\"> </span><span class=\"_ _6\"></span>. Anteriormente utiliz\u00f3 las denominaciones Empresa Nacional de Celulosas<span class=\"_ _6\"></span>, S.A. hasta<span class=\"_ _6\"></span> el a\u00f1o 1999 y Grupo Empresarial <span class=\"_ _6\"></span>ENCE, S.A. has<span class=\"_ _6\"></span>ta el a\u00f1o 2012. <span class=\"_ _6\"></span><span class=\"fc3\"> </span>Su objeto social, <span class=\"_ _6\"></span>de acuerdo a lo establecido en<span class=\"_ _6\"></span> sus esta<span class=\"_ _6\"></span>tutos, consiste en:<span class=\"_ _6\"></span> a)  <span class=\"_ _13\"> </span>la <span class=\"_ _e\"></span>fabricaci\u00f3n de <span class=\"_ _a\"></span>pas<span class=\"_ _6\"></span>tas <span class=\"_ _1\"></span>celul\u00f3sicas <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>derivado<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>esta<span class=\"_ _6\"></span>s, <span class=\"_ _e\"></span>ob<span class=\"_ _6\"></span>tenci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>roductos y <span class=\"_ _a\"></span>elementos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>necesarios<span class=\"_ _6\"></span> para aqu\u00e9llas y<span class=\"_ _6\"></span> aprovechamiento d<span class=\"_ _6\"></span>e los subprod<span class=\"_ _6\"></span>uctos resultantes de ambas<span class=\"_ _6\"></span>;<span class=\"_ _6\"></span> b)  <span class=\"_ _14\"> </span>la producci\u00f3n por <span class=\"_ _e\"></span>cualq<span class=\"_ _6\"></span>uier medio, <span class=\"_ _1\"></span>venta y <span class=\"_ _1\"></span>utilizaci\u00f3n de <span class=\"_ _1\"></span>energ\u00eda el\u00e9ctrica, as\u00ed <span class=\"_ _1\"></span>como de <span class=\"_ _e\"></span>ot<span class=\"_ _6\"></span>ras fuentes de energ\u00eda, <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>las <span class=\"_ _12\"> </span>materias <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>energ\u00edas <span class=\"_ _12\"> </span>primarias <span class=\"_ _12\"> </span>necesarias <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>su <span class=\"_ _12\"> </span>generaci\u00f3n, <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>acuerdo <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>las posibilidades <span class=\"_ _15\"></span>previstas <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>legislaci\u00f3n <span class=\"_ _6\"></span>vigent<span class=\"_ _6\"></span>e; <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>comercializaci\u00f3n, <span class=\"_ _6\"></span>comprav<span class=\"_ _6\"></span>enta <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>uministro, <span class=\"_ _6\"></span>baj<span class=\"_ _6\"></span>o cualquiera de las mod<span class=\"_ _6\"></span>alidades permitidas<span class=\"_ _6\"></span> por la ley. <span class=\"_ _6\"></span> c) <span class=\"ls0_1\"> <span class=\"_ _16\"> </span>el <span class=\"_ _0\"></span>cultivo, <span class=\"_ _11\"></span>explotaci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>aprovechamiento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>b<span class=\"_ _6\"></span>osques <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>masas <span class=\"_ _11\"></span>forestales, <span class=\"_ _0\"></span>trabajos <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>forestaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>y </span>realizaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>bajos <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ervicios <span class=\"_ _15\"></span>especializad<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>tipo <span class=\"_ _10\"></span>forestal. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>preparaci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>nsformaci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e productos  forestales.  El  aprovechamiento  y  explotaci\u00f3n  mercantil  y  comercializaci\u00f3n  en  todos  los \u00f3rdenes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>productos <span class=\"_ _17\"> </span>forestales <span class=\"_ _17\"> </span>(incluyendo <span class=\"_ _17\"> </span>biomas<span class=\"_ _6\"></span>a <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>cultivos <span class=\"_ _17\"> </span>energ\u00e9ticos <span class=\"_ _17\"> </span>forestales), <span class=\"_ _17\"> </span>sus derivados y<span class=\"_ _6\"></span> subproductos. Estudios<span class=\"_ _6\"></span> y proyectos forestales;<span class=\"_ _15\"></span> d)  <span class=\"_ _14\"> </span>el <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>yecto, <span class=\"_ _1\"></span>promoci\u00f3n, desarrollo, <span class=\"_ _e\"></span>constru<span class=\"_ _6\"></span>cci\u00f3n, <span class=\"_ _e\"></span>op<span class=\"_ _6\"></span>eraci\u00f3n <span class=\"_ _e\"></span>y mantenimiento, <span class=\"_ _e\"></span>de las <span class=\"_ _e\"></span>instalaciones a <span class=\"_ _e\"></span>que se refiere los apartad<span class=\"_ _6\"></span>os a), b) y c) anteriores<span class=\"_ _6\"></span>. Ence  Energ\u00eda <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span>  Celulosa, <span class=\"_ _12\"> </span>S.A.  y <span class=\"_ _12\"> </span>su<span class=\"_ _6\"></span>  Grupo <span class=\"_ _12\"> </span>de  empresas  (<span class=\"_ _1\"></span>en  adelante <span class=\"_ _12\"> </span>\u201cGrupo<span class=\"_ _6\"></span>\u201d,  \u201cENCE\u201d <span class=\"_ _12\"> </span>o  \u201cGrupo  Ence\u201d)<span class=\"_ _1\"></span> desarrolla su a<span class=\"_ _6\"></span>ctividad en torno a dos<span class=\"_ _6\"></span> negocios: Negocio \u201cCelulosa\u201d<span class=\"ff3\">-<span class=\"_ _6\"></span> </span>Comprende la producci\u00f3n de celulosa a partir de m<span class=\"_ _1\"></span>adera de eucalipto, tipos BEKP (Bleached Eucalyptus Kraft Pulp) con calidad<span class=\"_ _6\"></span>es de blanqueo ECF (libre de cloro elemental) y TCF (totalmente libre de cloro), y<span class=\"_ _6\"></span> UEKP (Un<span class=\"_ _6\"></span>-<span class=\"_ _33\"> </span>bleached Eucalyptu<span class=\"_ _6\"></span>s Kraft Pulp). <span class=\"_ _6\"></span> Para <span class=\"_ _12\"> </span>llevar <span class=\"_ _12\"> </span>a  cabo <span class=\"_ _11\"> </span>es<span class=\"_ _6\"></span>ta <span class=\"_ _12\"> </span>actividad,  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>Grupo  dispone <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>2 <span class=\"_ _12\"> </span>biof\u00e1bricas  ubicadas <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>Espa\u00f1a,  e<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>Asturias <span class=\"_ _12\"> </span>y Pontevedra, con u<span class=\"_ _6\"></span>na capacidad n<span class=\"_ _6\"></span>ominal conjunta d<span class=\"_ _6\"></span>e, aproximadamente, <span class=\"_ _6\"></span>1,2 <span class=\"_ _6\"></span>millones de t<span class=\"_ _6\"></span>oneladas a<span class=\"_ _6\"></span>nuales. Ambas <span class=\"_ _15\"></span>plan<span class=\"_ _6\"></span>tas <span class=\"_ _15\"></span>tienen <span class=\"_ _10\"></span>implantado <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>proceso <span class=\"_ _15\"></span>Kraft <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>producci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>celulosa. <span class=\"_ _10\"></span>Este <span class=\"_ _15\"></span>proceso<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>ctivo incluye la cogeneraci\u00f3n de <span class=\"_ _6\"></span>energ\u00eda el\u00e9ctrica utilizand<span class=\"_ _6\"></span>o la parte de la mad<span class=\"_ _6\"></span>era que no pu<span class=\"_ _6\"></span>ede transformarse en<span class=\"_ _6\"></span> celulosa; <span class=\"_ _1\"></span>lignina/bio<span class=\"_ _6\"></span>masa. La <span class=\"_ _e\"></span>capacid<span class=\"_ _6\"></span>ad nominal <span class=\"_ _e\"></span>ins<span class=\"_ _6\"></span>talada de <span class=\"_ _e\"></span>generaci\u00f3n de <span class=\"_ _1\"></span>energ\u00eda <span class=\"_ _1\"></span>el\u00e9ctrica integrada <span class=\"_ _e\"></span>en<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>las biof\u00e1bricas de celulos<span class=\"_ _6\"></span>a de Asturias<span class=\"_ _6\"></span> y Pontevedra es<span class=\"_ _6\"></span> de 111 megavatios<span class=\"_ _6\"></span> <span class=\"ff6\">(en adelante \u201c<span class=\"_ _6\"></span>MW\u201d)</span>.<span class=\"_ _33\"> </span>Asimismo,  el <span class=\"_ _18\"> </span>Grupo  gestio<span class=\"_ _6\"></span>na <span class=\"_ _18\"> </span>en  la <span class=\"_ _18\"> </span>Pen\u00ednsula  Ib\u00e9rica <span class=\"_ _18\"> </span>una  superficie <span class=\"_ _18\"> </span>patrimonial <span class=\"_ _18\"> </span>bru<span class=\"_ _6\"></span>ta  total <span class=\"_ _18\"> </span>de  70.100 hect\u00e1reas, <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>45.983 <span class=\"_ _11\"></span>son <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>propiedad. <span class=\"_ _11\"></span>De <span class=\"_ _0\"></span>ellas<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>54.006 <span class=\"_ _11\"> </span>hect\u00e1reas <span class=\"_ _11\"> </span>son <span class=\"_ _11\"> </span>productivas <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>16.094 hect\u00e1reas restantes es<span class=\"_ _6\"></span>t\u00e1n destinadas<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>la conservaci\u00f3n y<span class=\"_ _6\"></span> diversidad del entorno<span class=\"_ _6\"></span> forestal.<span class=\"_ _33\"> </span>Negocio \u201cRenovables\u201d<span class=\"_ _6\"></span><span class=\"ff3\">- </span>Comprende las siguient<span class=\"_ _6\"></span>es activid<span class=\"_ _6\"></span>ades <span class=\"_ _6\"></span>que se agrupan y d<span class=\"_ _6\"></span>esarrollan bajo la s<span class=\"_ _6\"></span>ociedad Ence Renovables<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>S.L.: Biomasa ENCE <span class=\"_ _11\"></span>Renovables, <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>trav\u00e9s <span class=\"_ _11\"> </span>del <span class=\"_ _0\"></span>sub<span class=\"_ _6\"></span>grupo <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>cab<span class=\"_ _6\"></span>ecera <span class=\"_ _0\"></span>Magnon <span class=\"_ _11\"> </span>Green <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>nergy, <span class=\"_ _11\"></span>S.L. <span class=\"_ _0\"></span>(MAGNON), <span class=\"_ _11\"> </span>ha desarrollado  y <span class=\"_ _12\"> </span>adqu<span class=\"_ _6\"></span>irido <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>iversos  proyectos <span class=\"_ _12\"> </span>de  generaci\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>energ\u00eda  el\u00e9ctrica  renovable <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>b<span class=\"_ _6\"></span>iomasa procedente <span class=\"_ _17\"> </span>de <span class=\"_ _18\"> </span>sub<span class=\"_ _6\"></span>productos<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>agroforestales <span class=\"_ _18\"> </span>como <span class=\"_ _17\"> </span>actividad<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>independ<span class=\"_ _6\"></span>iente <span class=\"_ _17\"> </span>y <span class=\"_ _18\"> </span>separad<span class=\"_ _6\"></span>a <span class=\"_ _17\"> </span>de <span class=\"_ _18\"> </span>su <span class=\"_ _17\"> </span>negocio celul\u00f3sico. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>capacidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>generaci\u00f3n d<span class=\"_ _6\"></span>e energ\u00eda <span class=\"_ _6\"></span>el\u00e9ctrica <span class=\"_ _6\"></span>reno<span class=\"_ _6\"></span>vable, <span class=\"_ _6\"></span>actualmente <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>operaci\u00f3n, <span class=\"_ _15\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>266 MW de acuerdo con el s<span class=\"_ _6\"></span>iguiente detalle:<span class=\"_ _6\"></span> Ubicaci\u00f3n Potencia MW<span class=\"ls0_1\"> </span>Vida Regulatoria Huelva 50<span class=\"ls0_1\"> </span>2037<span class=\"ls0_1\"> </span>Huelva 41<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>Huelva  46<span class=\"ls0_1\"> </span>2045<span class=\"ls0_1\"> </span>M\u00e9rida 20<span class=\"ls0_1\"> </span>2039<span class=\"ls0_1\"> </span>Ja\u00e9n 16<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>Ciudad Real 16<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>C\u00f3rdoba 14<span class=\"ls0_1\"> </span>2031<span class=\"ls0_1\"> </span>C\u00f3rdoba 13<span class=\"ls0_1\"> </span>2030<span class=\"ls0_1\"> </span>Ciudad Real 50<span class=\"ls0_1\"> </span>2045<span class=\"ls0_1\"> </span>Adicionalmente, <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>est\u00e1 <span class=\"_ _15\"></span>comp<span class=\"_ _6\"></span>letando <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>tramitaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>administra<span class=\"_ _6\"></span>tiva <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2 <span class=\"_ _15\"></span>proyectos <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>generaci\u00f3n <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> energ\u00eda <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>enovable <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>bioma<span class=\"_ _6\"></span>sa, <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _15\"></span>potencia <span class=\"_ _15\"></span>agregada <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>100 <span class=\"_ _15\"></span>M<span class=\"_ _6\"></span>W <span class=\"_ _15\"></span>renovables<span class=\"_ _15\"></span>, <span class=\"_ _15\"></span>ubicad<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>Castilla <span class=\"_ _15\"></span>la Mancha y And<span class=\"_ _6\"></span>aluc\u00eda. Biofertilizantes y biome<span class=\"_ _6\"></span>tano ENCE est\u00e1 desarrollando plantas de <span class=\"_ _1\"></span>producci\u00f3n de biometano y fe<span class=\"_ _1\"></span>rtilizantes org\u00e1nicos, a partir <span class=\"_ _1\"></span>de un modelo<span class=\"_ _1\"></span> basado <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>gesti\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>sostenible <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>circular <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>biomasa <span class=\"_ _10\"></span>agr\u00edcola <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>gan<span class=\"_ _6\"></span>adera<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>objetivo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>alcanzar <span class=\"_ _10\"></span>una producci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>m\u00e1s <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>TWh <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>biometano <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>2030<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _15\"></span></span>Al <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ejercicio<span class=\"ls10\">, <span class=\"_ _15\"></span></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>cuenta <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>una cartera <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>16 <span class=\"_ _0\"></span>proyectos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>f<span class=\"_ _1\"></span>ase <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>ingenier\u00eda <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>tramitaci\u00f3n <span class=\"_ _11\"></span>administrativa<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>planta <span class=\"_ _11\"></span>ya <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>operaci\u00f3n comercial, recientemente ad<span class=\"_ _6\"></span>quirida (v\u00e9ase N<span class=\"_ _6\"></span>ota <span class=\"_ _6\"></span>6), con una capacid<span class=\"_ _6\"></span>ad de 50 GWh de b<span class=\"_ _6\"></span>iometano al a<span class=\"_ _6\"></span><span class=\"ls11\">\u00f1o</span>. Servicios energ\u00e9ticos<span class=\"_ _6\"></span> ENCE, <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>trav\u00e9s <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>filial <span class=\"_ _15\"></span>Magnon <span class=\"_ _15\"></span>Servicios <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00e9ticos, <span class=\"_ _10\"></span>ofrece <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>oluciones <span class=\"_ _15\"></span>integrales <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>generaci\u00f3n <span class=\"_ _15\"></span>de energ\u00eda t\u00e9rmica <span class=\"_ _1\"></span>renovable con biomasa para <span class=\"_ _e\"></span>clientes<span class=\"_ _6\"></span> industriales en <span class=\"_ _e\"></span>Es<span class=\"_ _6\"></span>pa\u00f1a<span class=\"_ _6\"></span><span class=\"lsf\">. </span>Esto les <span class=\"_ _1\"></span>permitir\u00e1 descarbonizar procesos  industriales  dif\u00edcilmente  electrificables,  como  la  generaci\u00f3n  de  calor  industrial,  utilizando  una<span class=\"_ _1\"></span> alternativa renovab<span class=\"_ _6\"></span>le. El <span class=\"_ _11\"></span>objetivo <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _11\"> </span>es <span class=\"_ _11\"> </span>alcanza<span class=\"_ _6\"></span>r <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>producci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>2 <span class=\"_ _11\"></span>TWh <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _11\"> </span>renovab<span class=\"_ _6\"></span>le <span class=\"_ _0\"></span>en<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>2030. <span class=\"_ _0\"></span>A<span class=\"_ _15\"></span>l <span class=\"_ _11\"> </span>cierre <span class=\"_ _11\"></span>del ejercicio<span class=\"ls10\">, </span>el Grupo mantiene un proyecto en operaci\u00f3n y cuenta con un<span class=\"_ _6\"></span> proyecto en proceso de construcci\u00f3n y 3 que se est\u00e1<span class=\"_ _6\"></span>n tramitando <span class=\"_ _6\"></span>en exclusividad<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Otros MAGNON <span class=\"_ _15\"></span>est\u00e1 <span class=\"_ _15\"></span>desarrolla<span class=\"_ _6\"></span>ndo <span class=\"_ _15\"></span>2 <span class=\"_ _15\"></span>proyectos <span class=\"_ _15\"></span>fotov<span class=\"_ _6\"></span>oltaicos <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>poten<span class=\"_ _6\"></span>cia <span class=\"_ _15\"></span>conjunta <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span><span class=\"lse\">223</span> <span class=\"_ _6\"></span>MW <span class=\"_ _10\"></span>ubicados <span class=\"_ _15\"></span>en Sevilla, y Granada <span class=\"_ _6\"></span>cuyo destino<span class=\"_ _6\"></span><span class=\"ls10\">, </span>una vez iniciad<span class=\"_ _6\"></span>a su construcci\u00f3n, <span class=\"_ _6\"></span>es su venta<span class=\"_ _6\"></span> a terceros. El <span class=\"_ _1\"></span>patrimonio f<span class=\"_ _1\"></span>orestal de <span class=\"_ _e\"></span>Ence<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>solo produce <span class=\"_ _e\"></span>madera para <span class=\"_ _1\"></span>celulosa, sino <span class=\"_ _e\"></span>que tambi\u00e9n<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>act\u00faa como <span class=\"_ _e\"></span>sumidero y <span class=\"_ _15\"></span>captura <span class=\"_ _15\"></span>anualmente <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>700.000 <span class=\"_ _6\"></span>to<span class=\"_ _6\"></span>neladas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>CO2 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>atm\u00f3sfera. <span class=\"_ _10\"></span>Adicionalmente,<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>este <span class=\"_ _15\"></span>patrimonio forestal es susceptible de registrar cr\u00e9ditos de carbono que <span class=\"_ _e\"></span>pu<span class=\"_ _6\"></span>eden venderse en los me<span class=\"_ _1\"></span>rcados voluntarios de CO2 <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>ayudar <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>otras <span class=\"_ _6\"></span>empresas <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>compensar <span class=\"_ _15\"></span>su <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>uella <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>carbon<span class=\"_ _6\"></span>o.<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2024 <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>Grupo ten\u00eda inscritas <span class=\"_ _6\"></span>39.637 toneladas.<span class=\"_ _6\"></span>  Asimismo, <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>biomas<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>agr\u00edcola <span class=\"_ _0\"></span>y <span class=\"_ _11\"> </span>forestal <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>\u00fanica <span class=\"_ _0\"></span>fuente <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>CO2 <span class=\"_ _11\"> </span>biog\u00e9nico, <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>es <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>materia <span class=\"_ _0\"></span>prima necesaria <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>prod<span class=\"_ _6\"></span>ucci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>combustib<span class=\"_ _6\"></span>les <span class=\"_ _6\"></span>verdes. <span class=\"_ _6\"></span>El <span class=\"_ _6\"></span>grupo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ENCE <span class=\"_ _6\"></span>produce <span class=\"_ _6\"></span>anualmente <span class=\"_ _10\"></span>cerca <span class=\"_ _6\"></span><span class=\"ls11\">de</span> 4 <span class=\"_ _6\"></span>Mn<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de toneladas CO2 b<span class=\"_ _6\"></span>iog\u00e9nico y est\u00e1 analizand<span class=\"_ _6\"></span>o la viabilidad de su uso para la producci\u00f3n de combustib<span class=\"_ _6\"></span>les verdes en el futuro. Otros- En el Anexo I se relacionan<span class=\"_ _6\"></span> las par<span class=\"_ _6\"></span>ticipadas p<span class=\"_ _6\"></span>or Ence Energ\u00eda y Celulosa, S.A.<span class=\"_ _6\"></span> al cierre del ejercicio.<span class=\"_ _15\"></span> La totalidad d<span class=\"_ _6\"></span>e las acciones de la Soci<span class=\"_ _6\"></span>edad Dominante est\u00e1<span class=\"_ _6\"></span>n representa<span class=\"_ _6\"></span>das mediante an<span class=\"_ _6\"></span>otaciones en cuenta<span class=\"_ _6\"></span> y <span class=\"_ _15\"></span>est\u00e1n <span class=\"_ _15\"></span>admitidas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>negociaci\u00f3n <span class=\"_ _15\"></span>oficial <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>Bolsas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Val<span class=\"_ _6\"></span>ores <span class=\"_ _15\"></span>Espa\u00f1<span class=\"_ _6\"></span>olas <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Sistema <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Intercon<span class=\"_ _6\"></span>exi\u00f3n Burs\u00e1til Esp<span class=\"_ _6\"></span>a\u00f1ol (Mercado Contin<span class=\"_ _6\"></span>uo).<span class=\"_ _6\"></span> En la <span class=\"_ _1\"></span>p\u00e1gina web <span class=\"_ _e\"></span>www.ence.<span class=\"_ _6\"></span>es pueden consultarse <span class=\"_ _1\"></span>los estatutos sociales <span class=\"_ _e\"></span>y otra informaci\u00f3n <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>\u00fablica de <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>NCE.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "Ence Energ\u00eda y Celulosa, S.A.  (en adelante \u201cla Sociedad Dominante\u201d)",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-587": {
   "value": "Ence Energ\u00eda y Celulosa, S.A.  (en adelante \u201cla Sociedad Dominante\u201d)",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "calle Est\u00e9banez Calder\u00f3n, 3-5 de Madrid  (Espa\u00f1a). En 2024  la Sociedad  Dominante ha cambiado su domicilio social ubicado anteriormente en la Calle Beatriz de Bobadilla, 14 de Madrid (Espa\u00f1a) ",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-573": {
   "value": "(Espa\u00f1a)",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "(Espa\u00f1a)",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
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  },
  "fact-500": {
   "value": "(Espa\u00f1a)",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-473": {
   "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, 1,2 millones de 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 (en adelante \u201cMW\u201d). Asimismo,  el  Grupo  gestiona  en  la  Pen\u00ednsula  Ib\u00e9rica  una  superficie  patrimonial  bruta  total  de  70.100 hect\u00e1reas,  de  las  que  45.983 son en propiedad. De ellas,  54.006  hect\u00e1reas  son  productivas  y  las  16.094 hect\u00e1reas restantes est\u00e1n destinadas a la conservaci\u00f3n y diversidad del entorno forestal. Negocio \u201cRenovables\u201d- Comprende las siguientes actividades que se agrupan y desarrollan bajo la sociedad Ence Renovables, S.L.: 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 completando la tramitaci\u00f3n administrativa de 2 proyectos de generaci\u00f3n de energ\u00eda renovable con biomasa, con una potencia agregada de 100 MW renovables, ubicados en Castilla la Mancha y Andaluc\u00eda. Biofertilizantes y biometano ENCE est\u00e1 desarrollando plantas de producci\u00f3n de biometano y fertilizantes org\u00e1nicos, a partir de un modelo basado en la gesti\u00f3n sostenible y circular de biomasa agr\u00edcola y ganadera, con el objetivo de alcanzar una producci\u00f3n de m\u00e1s de 1 TWh de biometano al a\u00f1o en 2030. Al cierre del ejercicio, el Grupo cuenta con una cartera de 16 proyectos en fase de ingenier\u00eda y tramitaci\u00f3n administrativa, y una planta ya en operaci\u00f3n comercial, recientemente adquirida (v\u00e9ase Nota 6), con una capacidad de 50 GWh de biometano al a\u00f1o. Servicios energ\u00e9ticos ENCE, a trav\u00e9s de su filial Magnon Servicios Energ\u00e9ticos, ofrece soluciones integrales para la generaci\u00f3n de energ\u00eda t\u00e9rmica renovable con biomasa para clientes industriales en Espa\u00f1a. Esto les permitir\u00e1 descarbonizar procesos  industriales  dif\u00edcilmente  electrificables,  como  la  generaci\u00f3n  de  calor  industrial,  utilizando  una alternativa renovable. El objetivo del Grupo  es  alcanzar una producci\u00f3n de 2 TWh de energ\u00eda  renovable en 2030. Al  cierre del ejercicio, el Grupo mantiene un proyecto en operaci\u00f3n y cuenta con un proyecto en proceso de construcci\u00f3n y 3 que se est\u00e1n tramitando en exclusividad. Otros MAGNON est\u00e1 desarrollando 2 proyectos fotovoltaicos con una potencia conjunta de 223 MW ubicados en Sevilla, y Granada cuyo destino, una vez iniciada su construcci\u00f3n, es su venta a terceros. El patrimonio forestal de Ence no solo produce madera para celulosa, sino que tambi\u00e9n act\u00faa como sumidero y captura anualmente m\u00e1s de 700.000 toneladas de CO2 de la atm\u00f3sfera. Adicionalmente, este patrimonio forestal es susceptible de registrar cr\u00e9ditos de carbono que pueden venderse en los mercados voluntarios de CO2 para ayudar a otras empresas a compensar su huella de carbono. Al 31 de diciembre de 2024 el Grupo ten\u00eda inscritas 39.637 toneladas.  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 4 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 el Anexo I se relacionan las participadas por Ence Energ\u00eda y Celulosa, S.A. al cierre del ejercicio. 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). En la p\u00e1gina web www.ence.es pueden consultarse los estatutos sociales y otra informaci\u00f3n p\u00fablica de ENCE.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-2": {
   "value": "2.<span class=\"ff5 ls0_1\"> <span class=\"_ _f\"> </span><span class=\"ff3\">Bases de presentaci\u00f3n y principios de consolidaci<span class=\"_ _1\"></span>\u00f3n </span></span>2.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Bases de presen<span class=\"_ _1\"></span>taci\u00f3n  </span>Las cuentas anuales <span class=\"_ _1\"></span>consolidadas de Ence <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>nerg\u00eda y <span class=\"_ _e\"></span>C<span class=\"_ _6\"></span>elulosa, S.A. del ejercicio <span class=\"_ _1\"></span>2024 se han <span class=\"_ _1\"></span>elaborado a partir de los <span class=\"_ _6\"></span>registros <span class=\"_ _6\"></span>contables <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>anuales <span class=\"_ _6\"></span>de dich<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>sociedad, <span class=\"_ _6\"></span>y las<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es integran<span class=\"_ _6\"></span>tes del Grupo <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>han <span class=\"_ _12\"> </span>sido <span class=\"_ _12\"> </span>preparad<span class=\"_ _6\"></span>as <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>marco <span class=\"_ _12\"> </span>normativ<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>in<span class=\"_ _6\"></span>formaci\u00f3n <span class=\"_ _12\"> </span>financiera <span class=\"_ _12\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>resu<span class=\"_ _6\"></span>lta <span class=\"_ _12\"> </span>de aplicaci\u00f3n <span class=\"_ _6\"></span>y, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>pa<span class=\"_ _6\"></span>rticular, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Normas <span class=\"_ _6\"></span>Internacionales <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e In<span class=\"_ _6\"></span>formaci\u00f3n <span class=\"_ _6\"></span>Financiera <span class=\"_ _6\"></span>adopta<span class=\"_ _6\"></span>das por la Uni\u00f3n E<span class=\"_ _6\"></span>uropea (NIIF<span class=\"_ _6\"></span>-UE) conforme a lo dis<span class=\"_ _6\"></span>puesto en el Reglamento (<span class=\"_ _6\"></span>CE) n\u00ba 1606/2<span class=\"_ _6\"></span>002 del Parlamento y del <span class=\"_ _6\"></span>Consejo <span class=\"_ _6\"></span>Europeo <span class=\"_ _6\"></span>y d<span class=\"_ _6\"></span>em\u00e1s<span class=\"_ _6\"></span> disp<span class=\"_ _6\"></span>osiciones <span class=\"_ _6\"></span>del m<span class=\"_ _6\"></span>arco <span class=\"_ _6\"></span>no<span class=\"_ _6\"></span>rmativo d<span class=\"_ _6\"></span>e infor<span class=\"_ _6\"></span>maci\u00f3n <span class=\"_ _6\"></span>financiera qu<span class=\"_ _6\"></span>e resu<span class=\"_ _6\"></span>lta de aplicaci\u00f3n, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>mues<span class=\"_ _6\"></span>tran <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>imagen <span class=\"_ _6\"></span>fiel <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>atrimonio <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>situaci\u00f3n <span class=\"_ _6\"></span>f<span class=\"_ _6\"></span>inanciera <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 de <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>20<span class=\"_ _6\"></span>24 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltados <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>operaciones, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cambios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>patri<span class=\"_ _6\"></span>monio <span class=\"_ _6\"></span>neto <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>los flujos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>efectivo <span class=\"_ _0\"></span>consolidado<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>han <span class=\"_ _0\"></span>generado <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>durante <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ejercicio <span class=\"_ _0\"></span>anual <span class=\"_ _0\"></span>terminado <span class=\"_ _0\"></span>en dicha <span class=\"_ _17\"> </span>fecha. <span class=\"_ _17\"> </span>Asimismo, <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>su <span class=\"_ _17\"> </span>preparaci\u00f3n <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>han <span class=\"_ _17\"> </span>considerado <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>requisitos <span class=\"_ _17\"> </span>de <span class=\"_ _18\"> </span>formato <span class=\"_ _17\"> </span>electr\u00f3nico establecidos en el Regla<span class=\"_ _6\"></span>mento Delegado<span class=\"_ _6\"></span> UE 2018/81<span class=\"_ _6\"></span>5 de la UE.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span>  Las <span class=\"_ _11\"></span>cuentas <span class=\"_ _11\"></span>anuales <span class=\"_ _11\"></span>consolidadas <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>ejercicio <span class=\"_ _11\"></span>2024 <span class=\"_ _11\"> </span>formuladas<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>Administradores <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>la Sociedad <span class=\"_ _1\"></span>Dominante se <span class=\"_ _e\"></span>someter\u00e1n a <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>robaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>su Junta <span class=\"_ _e\"></span>General <span class=\"_ _1\"></span>Ordinaria de <span class=\"_ _e\"></span>Accionistas,<span class=\"_ _33\"> </span>estim\u00e1ndose<span class=\"_ _1\"></span> que ser\u00e1n<span class=\"_ _6\"></span> aprob<span class=\"_ _6\"></span>adas s<span class=\"_ _6\"></span>in ninguna <span class=\"_ _6\"></span>modificaci\u00f3n. Por <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>parte, las <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>anuales<span class=\"_ _6\"></span> consolidadas <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo del ejercicio <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _6\"></span>fueron <span class=\"_ _15\"></span>aproba<span class=\"_ _6\"></span>das <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Junta <span class=\"_ _15\"></span>General <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>ccionistas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Sociedad <span class=\"_ _15\"></span>Dominan<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>4 <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>abril de 2024. En <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>nota <span class=\"_ _11\"> </span>3 <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>resumen <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>ol\u00edticas <span class=\"_ _11\"> </span>contables <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>criterio<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>valoraci\u00f3n <span class=\"_ _11\"> </span>m\u00e1s <span class=\"_ _11\"> </span>significa<span class=\"_ _6\"></span>tivos <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>han <span class=\"_ _11\"> </span>sido aplicados en la<span class=\"_ _6\"></span> elaboraci\u00f3n de esta<span class=\"_ _6\"></span>s cuentas anuales<span class=\"_ _6\"></span> consolidadas.<span class=\"_ _33\"> </span>El <span class=\"_ _e\"></span>Eu<span class=\"_ _6\"></span>ro <span class=\"_ _e\"></span>es <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>moneda f<span class=\"_ _1\"></span>uncional <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>de presentaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Sociedad Dominante. <span class=\"_ _a\"></span>La<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>cuenta<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>anuales conso<span class=\"_ _6\"></span>lidadas se expresan por <span class=\"_ _6\"></span>tanto en euros.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 2.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Principios de conso<span class=\"_ _1\"></span>lidaci\u00f3n<span class=\"_ _33\"> </span></span><span class=\"fc2\"> </span>En el Anexo I<span class=\"_ _1\"></span> se <span class=\"_ _1\"></span>incluye un det<span class=\"_ _1\"></span>alle de las <span class=\"_ _1\"></span>sociedades dependientes, negocios conjuntos y <span class=\"_ _1\"></span>asociadas de ENCE, as\u00ed como el m\u00e9todo d<span class=\"_ _6\"></span>e consolidaci\u00f3n<span class=\"_ _6\"></span> o valoraci\u00f3n<span class=\"_ _6\"></span> aplicado y otra in<span class=\"_ _6\"></span>formaci\u00f3n referente a las<span class=\"_ _6\"></span> mismas.<span class=\"_ _15\"></span> Sociedades dependien<span class=\"_ _6\"></span>tes Se <span class=\"_ _12\"> </span>cons<span class=\"_ _6\"></span>ideran  sociedades <span class=\"_ _12\"> </span>dependientes  aquellas <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>obre  la<span class=\"_ _e\"></span>s<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>NCE, <span class=\"_ _12\"> </span>directa  o <span class=\"_ _12\"> </span>indirectamente,  ejerce control. <span class=\"_ _e\"></span>Dicho<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>contro<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>manifiesta, <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>general aunque <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>\u00fa<span class=\"_ _6\"></span>nicamente, <span class=\"_ _e\"></span>por la <span class=\"_ _a\"></span>pro<span class=\"_ _6\"></span>piedad, directa <span class=\"_ _a\"></span>o indirecta, de al <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>50% o <span class=\"_ _6\"></span>m\u00e1s<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> derechos <span class=\"_ _6\"></span>pol\u00edt<span class=\"_ _6\"></span>icos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>entid<span class=\"_ _6\"></span>ades p<span class=\"_ _6\"></span>articipadas. <span class=\"_ _15\"></span>El Gru<span class=\"_ _6\"></span>po E<span class=\"_ _6\"></span>NCE con<span class=\"_ _6\"></span>sidera que <span class=\"_ _6\"></span>mantiene <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ociedad <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>pos<span class=\"_ _6\"></span>ee d<span class=\"_ _6\"></span>erechos su<span class=\"_ _6\"></span>stantivos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>vigor <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>proporcionan<span class=\"_ _6\"></span> la capacid<span class=\"_ _6\"></span>ad d<span class=\"_ _6\"></span>e dirigir las<span class=\"_ _6\"></span> actividad<span class=\"_ _6\"></span>es relevantes <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>est\u00e1 expuesto,<span class=\"_ _6\"></span> o <span class=\"_ _6\"></span>tiene derecho, <span class=\"_ _6\"></span>a rend<span class=\"_ _6\"></span>im<span class=\"_ _6\"></span>ientos<span class=\"_ _6\"></span> variab<span class=\"_ _6\"></span>les procedentes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>implicaci\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>sociedad <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>tiene <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>capacidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>influir <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>esos <span class=\"_ _6\"></span>rend<span class=\"_ _6\"></span>imientos <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>trav\u00e9s de su pod<span class=\"_ _6\"></span>er sobre esta<span class=\"_ _6\"></span><span class=\"ff6\">. Estas sociedades se han<span class=\"_ _6\"></span> consolidado por el m\u00e9todo d<span class=\"_ _6\"></span>e \u201cIntegraci\u00f3n Glob<span class=\"_ _6\"></span>al\u201d.<span class=\"_ _6\"></span></span> Los <span class=\"_ _15\"></span>ingreso<span class=\"_ _6\"></span>s, <span class=\"_ _15\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>flujos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>efectivo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>dependientes <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"></span>anuales consolidadas <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>aquella, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>obtiene <span class=\"_ _10\"></span>efectiv<span class=\"_ _6\"></span>amente <span class=\"_ _10\"></span>el control de las mis<span class=\"_ _6\"></span>mas. Las entid<span class=\"_ _6\"></span>ades dependie<span class=\"_ _6\"></span>ntes s<span class=\"_ _6\"></span>e excluyen de la con<span class=\"_ _6\"></span>solidaci\u00f3n d<span class=\"_ _6\"></span>esde la fecha en la<span class=\"_ _6\"></span> que se pierde el control so<span class=\"_ _6\"></span>bre ellas.<span class=\"_ _6\"></span> Las <span class=\"_ _0\"></span>participacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>dominantes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>mo<span class=\"_ _6\"></span>mento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>equivalent<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _15\"></span>proporcional <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>netos <span class=\"_ _15\"></span>identificables <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>cidos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>toma <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>contro<span class=\"_ _6\"></span>l. Las <span class=\"_ _11\"></span>participaciones <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>dominantes <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>patrimonio <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>resultados <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _0\"></span>dependientes integradas globalmente s<span class=\"_ _6\"></span>e presentan<span class=\"_ _6\"></span> bajo la d<span class=\"_ _6\"></span>enominaci\u00f3n de \u201cIntereses<span class=\"_ _6\"></span> minoritarios<span class=\"_ _6\"></span>\u201d, dentro del cap<span class=\"_ _6\"></span>\u00edtulo \u201cPatrimonio <span class=\"_ _11\"></span>Neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3n <span class=\"_ _11\"></span>Financiera <span class=\"_ _0\"></span>consolidado, <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>cap\u00edtulo <span class=\"_ _0\"></span>\u201c<span class=\"_ _15\"></span><span class=\"ff4\">Resultado<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>atribuid<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a </span>intereses minoritarios\u201d d<span class=\"_ _6\"></span>el Estado<span class=\"_ _6\"></span> de Resultado con<span class=\"_ _6\"></span>solidado.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span><span class=\"ff4\"> </span>Los cambio<span class=\"_ _6\"></span>s en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>participaci\u00f3<span class=\"_ _6\"></span>n de <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>sociedad <span class=\"_ _6\"></span>dependiente <span class=\"_ _6\"></span>que no <span class=\"_ _6\"></span>dan <span class=\"_ _6\"></span>lugar <span class=\"_ _6\"></span>a u<span class=\"_ _6\"></span>na p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _6\"></span>de con<span class=\"_ _6\"></span>trol se contabilizan <span class=\"_ _11\"> </span>como <span class=\"_ _11\"></span>transacciones <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>atrimonio, <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ecir, <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"></span>cualquier <span class=\"_ _0\"></span>resu<span class=\"_ _6\"></span>ltado <span class=\"_ _11\"></span>obtenido <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>recono<span class=\"_ _6\"></span>ce directamente en el patrimoni<span class=\"_ _6\"></span>o. <span class=\"_ _6\"></span> Cuando <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roduce <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>contro<span class=\"_ _6\"></span>l <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>una <span class=\"_ _0\"></span>empresa <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>lugar <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>baja <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>y pasivos, <span class=\"_ _11\"> </span>as\u00ed <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>otros <span class=\"_ _11\"> </span>componentes<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>patrimonio <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>cualquier <span class=\"_ _11\"></span>participaci\u00f3n <span class=\"_ _11\"> </span>no <span class=\"_ _11\"></span>dominante <span class=\"_ _11\"></span>que pudiera existir. <span class=\"_ _1\"></span>Las plu<span class=\"_ _1\"></span>sval\u00edas o <span class=\"_ _e\"></span>minus<span class=\"_ _6\"></span>val\u00edas resultantes se <span class=\"_ _1\"></span>reconocen <span class=\"_ _1\"></span>en e<span class=\"_ _1\"></span>l Estado <span class=\"_ _1\"></span>de Re<span class=\"_ _1\"></span>sultado consolidado. Las <span class=\"_ _15\"></span>participaciones<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>mantengan<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>filiales <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ubiera <span class=\"_ _15\"></span>perdido <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>trol <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>valoran por <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la fecha <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>circunstancia <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ubiera <span class=\"_ _6\"></span>tenido <span class=\"_ _6\"></span>lugar, s<span class=\"_ _6\"></span>iendo<span class=\"_ _15\"></span> <span class=\"_ _6\"></span>\u00e9ste <span class=\"_ _6\"></span>el valo<span class=\"_ _6\"></span>r de coste a efectos de su<span class=\"_ _6\"></span> valoraci\u00f3n p<span class=\"_ _6\"></span>osterior.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Operaciones conjuntas<span class=\"_ _6\"></span> En aquellos casos en lo<span class=\"_ _1\"></span>s que s<span class=\"_ _1\"></span>e gestiona con terceros una <span class=\"_ _1\"></span>operaci\u00f3n conjunta, y se <span class=\"_ _1\"></span>concluye que el <span class=\"_ _1\"></span>part\u00edcipe tiene <span class=\"_ _10\"></span>derechos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>obligaciones<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>directas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>parte <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roporcional <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>pas<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>acuerdo, <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _33\"> </span>reconoce <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>las <span class=\"_ _11\"></span>cuentas <span class=\"_ _11\"></span>anuales <span class=\"_ _11\"></span>consolida<span class=\"_ _6\"></span>das <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>activos, <span class=\"_ _11\"></span>pasivos, <span class=\"_ _11\"></span>ingresos <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>acuerdo <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>operaci\u00f3n <span class=\"_ _6\"></span>conju<span class=\"_ _6\"></span>nta. <span class=\"_ _6\"></span>Las <span class=\"_ _6\"></span>sociedades <span class=\"_ _6\"></span>integradas <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>este m\u00e9todo <span class=\"_ _6\"></span>se in<span class=\"_ _6\"></span>cluyen <span class=\"_ _6\"></span>en el<span class=\"_ _6\"></span> Anexo<span class=\"_ _6\"></span> I.<span class=\"_ _33\"> </span>Inversiones registradas po<span class=\"_ _6\"></span>r el m\u00e9todo d<span class=\"_ _6\"></span>e la participaci\u00f3n <span class=\"_ _6\"></span> Las <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>versiones <span class=\"_ _1\"></span>registradas <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _e\"></span>de la <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>articipaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>incluyen las <span class=\"_ _e\"></span>inversiones <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>empresas<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>ociadas, as\u00ed como en negocios co<span class=\"_ _6\"></span>njuntos<span class=\"_ _6\"></span> (acuerdos conju<span class=\"_ _6\"></span>ntos que dan derecho a<span class=\"_ _6\"></span> los activos<span class=\"_ _6\"></span> netos del acuerdo).<span class=\"_ _15\"></span> Se <span class=\"_ _1\"></span>consideran asociadas aquellas sociedades sobre las <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e ENCE, <span class=\"_ _1\"></span>directa o <span class=\"_ _e\"></span>ind<span class=\"_ _6\"></span>irectamente, ejerce inf<span class=\"_ _1\"></span>luencia<span class=\"_ _6\"></span> significativa. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>influencia <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ignificativa es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>oder <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>intervenir en <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>decisiones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pol\u00edtica <span class=\"_ _6\"></span>financiera <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de explotaci\u00f3n d<span class=\"_ _6\"></span>e una <span class=\"_ _6\"></span>entidad,<span class=\"_ _6\"></span> sin <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue sup<span class=\"_ _6\"></span>onga la <span class=\"_ _6\"></span>existencia de con<span class=\"_ _6\"></span>trol o<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>conjunto s<span class=\"_ _6\"></span>obre la <span class=\"_ _6\"></span>misma. Generalmente v<span class=\"_ _6\"></span>iene acompa<span class=\"_ _6\"></span>\u00f1ado <span class=\"_ _6\"></span>por una <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _6\"></span>de entre un<span class=\"_ _6\"></span> 20% y<span class=\"_ _6\"></span> un <span class=\"_ _6\"></span>50% de los <span class=\"_ _6\"></span>derechos <span class=\"_ _6\"></span>de vo<span class=\"_ _6\"></span>to<span class=\"_ _6\"></span> de la entidad. Las <span class=\"_ _15\"></span>inversiones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>asociadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>inversiones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>negocios <span class=\"_ _15\"></span>conju<span class=\"_ _6\"></span>ntos <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>m\u00e9todo de la <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _6\"></span>desde <span class=\"_ _6\"></span>la fecha en <span class=\"_ _6\"></span>la q<span class=\"_ _6\"></span>ue se ejerce in<span class=\"_ _6\"></span>fluencia <span class=\"_ _6\"></span>significativa, <span class=\"_ _6\"></span>o bien, <span class=\"_ _6\"></span>el control <span class=\"_ _6\"></span>conjun<span class=\"_ _6\"></span>to. En este sentido, esta<span class=\"_ _6\"></span>s inversiones s<span class=\"_ _6\"></span>e reconocen inicialm<span class=\"_ _6\"></span>ente por su co<span class=\"_ _6\"></span>ste de adquisici\u00f3n.<span class=\"_ _6\"></span> El <span class=\"_ _6\"></span>exceso <span class=\"_ _15\"></span>entre <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>inversi\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>porcentaje <span class=\"_ _6\"></span>corres<span class=\"_ _6\"></span>pondiente <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>valores <span class=\"_ _15\"></span>razonables de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>netos <span class=\"_ _15\"></span>identificables <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>registra <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>fondo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio, <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incluye <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>contable de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n. <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _0\"></span>defecto, <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>vez <span class=\"_ _0\"></span>eva<span class=\"_ _6\"></span>luad<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>importes <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>identificaci\u00f3n <span class=\"_ _0\"></span>y valoraci\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>activos <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>etos <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>asociad<span class=\"_ _6\"></span>a, <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>registra <span class=\"_ _12\"> </span>como <span class=\"_ _1a\"> </span>un <span class=\"_ _12\"> </span>ingreso <span class=\"_ _12\"> </span>en  la <span class=\"_ _11\"> </span>determinaci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la participaci\u00f3n del inv<span class=\"_ _6\"></span>ersor en los resu<span class=\"_ _6\"></span>ltados de la aso<span class=\"_ _6\"></span>ciada del ejercicio en que se ha<span class=\"_ _15\"></span> adquirido.<span class=\"_ _6\"></span> La particip<span class=\"_ _6\"></span>aci\u00f3n d<span class=\"_ _6\"></span>el Grupo en los<span class=\"_ _6\"></span> beneficios <span class=\"_ _6\"></span>o p<span class=\"_ _6\"></span>\u00e9rdidas de <span class=\"_ _6\"></span>las entidad<span class=\"_ _6\"></span>es asociadas <span class=\"_ _6\"></span>obtenidas <span class=\"_ _6\"></span>desde <span class=\"_ _6\"></span>la fecha de adquisici\u00f3n se registra como un aumento o disminuci\u00f3n del valor de <span class=\"_ _1\"></span>las inversiones con abono o cargo al ep\u00edgrafe <span class=\"_ _10\"></span>\"Resultado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>sociedades <span class=\"_ _10\"></span>integrad<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>participaci\u00f3n\" <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resultado consolidado<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Las <span class=\"_ _15\"></span>distribuciones <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>dividendos <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>minoracion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>inversiones. Asimismo, se ajusta el valor de la inversi\u00f3n para reflejar la proporci\u00f3n de aquellos c<span class=\"_ _6\"></span>ambios<span class=\"_ _6\"></span> en el <span class=\"_ _1\"></span>patrimonio<span class=\"_ _6\"></span> neto de estas s<span class=\"_ _6\"></span>ociedades que no s<span class=\"_ _6\"></span>e han reconocido en s<span class=\"_ _6\"></span>us resultados.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Conversi\u00f3n de esta<span class=\"_ _6\"></span>dos financieros<span class=\"_ _6\"></span> Los res<span class=\"_ _6\"></span>ultados y <span class=\"_ _6\"></span>la posici\u00f3n <span class=\"_ _6\"></span>financiera <span class=\"_ _6\"></span>de todas<span class=\"_ _6\"></span> las <span class=\"_ _6\"></span>entidades d<span class=\"_ _6\"></span>el Grupo <span class=\"_ _6\"></span>cuya <span class=\"_ _6\"></span>moneda funcional <span class=\"_ _6\"></span>sea <span class=\"_ _6\"></span>distinta de <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>moneda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>convierten <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>euro <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>siguiente <span class=\"_ _0\"></span>modo; <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>activos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _11\"></span>al <span class=\"_ _10\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de cambio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Estad<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>Situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>Financiera, <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>atrimonio <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>hist\u00f3<span class=\"_ _6\"></span>rico, <span class=\"_ _6\"></span>y los ingresos y gastos <span class=\"_ _1\"></span>al tipo de<span class=\"_ _1\"></span> cambio medio <span class=\"_ _1\"></span>del periodo de <span class=\"_ _1\"></span>devengo. Las diferencias de ca<span class=\"_ _1\"></span>mbio resultantes se <span class=\"_ _6\"></span>rec<span class=\"ff6\">onocen <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>\u201cOtro <span class=\"_ _6\"></span>Resultado <span class=\"_ _6\"></span>Global\u201d<span class=\"_ _6\"></span>, y <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>imputar\u00e1n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os en<span class=\"_ _15\"></span></span> <span class=\"_ _6\"></span>el period<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>que se lleve a cabo la enaj<span class=\"_ _6\"></span>enaci\u00f3n de la inv<span class=\"_ _6\"></span>ersi\u00f3n.  Las sociedad<span class=\"_ _6\"></span>es del Grupo no se ub<span class=\"_ _6\"></span>ican en pa\u00edses<span class=\"_ _6\"></span> de econom\u00eda <span class=\"_ _6\"></span>hiperinflacionaria<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span> Homogeneizaci\u00f3n y otros<span class=\"_ _6\"></span> La consolidaci\u00f3n de las entidades que conforman el <span class=\"_ _1\"></span>per\u00edmetro de consolidaci\u00f3n<span class=\"_ _6\"></span> ha sido realizada a <span class=\"_ _1\"></span>partir de sus cuentas <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>uales indivi<span class=\"_ _1\"></span>duales <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>son preparadas <span class=\"_ _1\"></span>conforme <span class=\"_ _e\"></span>al<span class=\"_ _6\"></span> Plan <span class=\"_ _e\"></span>General de <span class=\"_ _e\"></span>Contab<span class=\"_ _6\"></span>ilidad Espa\u00f1ol para<span class=\"_ _1\"></span> aquellas <span class=\"_ _18\"> </span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _18\"> </span>residentes<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>Esp<span class=\"_ _6\"></span>a\u00f1a <span class=\"_ _18\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>conforme  a <span class=\"_ _17\"> </span>su <span class=\"_ _18\"> </span>propia <span class=\"_ _18\"> </span>normativa <span class=\"_ _17\"> </span>local  para <span class=\"_ _17\"> </span>e<span class=\"_ _1\"></span>l <span class=\"_ _18\"> </span>resto <span class=\"_ _18\"> </span>de<span class=\"_ _6\"></span> participadas.  Las p<span class=\"_ _6\"></span>ol\u00edticas con<span class=\"_ _6\"></span>tables de <span class=\"_ _6\"></span>las sociedad<span class=\"_ _6\"></span>es depend<span class=\"_ _6\"></span>ientes se <span class=\"_ _6\"></span>han ad<span class=\"_ _6\"></span>aptado a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>pol\u00edticas <span class=\"_ _6\"></span>contables del <span class=\"_ _6\"></span>Grupo. As\u00ed <span class=\"_ _1\"></span>mismo, <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>cuenta<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>uales <span class=\"_ _e\"></span>o estados <span class=\"_ _e\"></span>financieros de <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>sociedades<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>dependientes utilizados <span class=\"_ _e\"></span>en e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>proceso<span class=\"_ _33\"> </span>de <span class=\"_ _6\"></span>consolidaci\u00f3n <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>t\u00e1n <span class=\"_ _6\"></span>referidos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>m<span class=\"_ _6\"></span>isma <span class=\"_ _6\"></span>fech<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n, <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dicie<span class=\"_ _6\"></span>mbre, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>mismo <span class=\"_ _6\"></span>per<span class=\"_ _6\"></span>iodo <span class=\"_ _6\"></span>que los de la Sociedad d<span class=\"_ _6\"></span>ominante.<span class=\"_ _33\"> </span>En el <span class=\"_ _6\"></span>proceso <span class=\"_ _6\"></span>de cons<span class=\"_ _6\"></span>olidaci\u00f3n<span class=\"_ _6\"></span>, las<span class=\"_ _6\"></span> trans<span class=\"_ _6\"></span>acciones <span class=\"_ _6\"></span>y saldos<span class=\"_ _6\"></span> mantenidos <span class=\"_ _6\"></span>entre s<span class=\"_ _6\"></span>ociedades <span class=\"_ _6\"></span>dependientes <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>los beneficios o p\u00e9rdidas<span class=\"_ _6\"></span> no realizados h<span class=\"_ _6\"></span>an sido eliminados<span class=\"_ _6\"></span>. Los tra<span class=\"_ _6\"></span>bajos <span class=\"_ _6\"></span>efectuados <span class=\"_ _6\"></span>por el <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>su p<span class=\"_ _6\"></span>ropio <span class=\"_ _6\"></span>inmovilizado se <span class=\"_ _6\"></span>reconocen p<span class=\"_ _6\"></span>or su<span class=\"_ _6\"></span> coste <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>roducci\u00f3n elimin\u00e1ndose los resu<span class=\"_ _6\"></span>ltados intragrupo.<span class=\"_ _6\"></span> En la <span class=\"_ _1\"></span>Nota 6 <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e presentan <span class=\"_ _1\"></span>los cambios habidos en <span class=\"_ _1\"></span>los ejercicios <span class=\"_ _1\"></span>202<span class=\"_ _6\"></span>4 y <span class=\"_ _e\"></span>20<span class=\"_ _6\"></span>23 en <span class=\"_ _1\"></span>el conjunto de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> sociedades consolidadas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>tegraci\u00f3n <span class=\"_ _15\"></span>global <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>m\u00e9todo <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>participaci\u00f3n. <span class=\"_ _10\"></span>En <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>correspondientes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>notas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de esta Memoria consolidada, bajo el t\u00edtulo \u201cVariaciones del <span class=\"_ _1\"></span>per\u00edmetro\u201d, se muestran los efectos relevantes de las incorpora<span class=\"_ _6\"></span>ciones y salidas<span class=\"_ _6\"></span> de sociedades en el per\u00edmetro <span class=\"_ _6\"></span>de consolida<span class=\"_ _6\"></span>ci\u00f3n.<span class=\"_ _33\"> </span> <span class=\"_ _6\"></span> 2.3<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Comparaci\u00f3n de <span class=\"_ _1\"></span>la informa<span class=\"_ _1\"></span>ci\u00f3n y estaciona<span class=\"_ _1\"></span>lidad de las </span>transacciones La <span class=\"_ _11\"> </span>informaci\u00f3n <span class=\"_ _11\"> </span>contenida <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>esta <span class=\"_ _11\"> </span>memoria <span class=\"_ _11\"></span>referida <span class=\"_ _0\"></span>al <span class=\"_ _11\"> </span>ejercicio <span class=\"_ _11\"> </span>202<span class=\"_ _15\"></span>3 <span class=\"_ _11\"> </span>se <span class=\"_ _11\"></span>presenta <span class=\"_ _11\"> </span>\u00fanicamente <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>efectos comparativos. <span class=\"_ _12\"> </span>Asimismo, <span class=\"_ _12\"> </span>dicha <span class=\"_ _12\"> </span>informaci\u00f3n <span class=\"_ _11\"> </span>co<span class=\"_ _6\"></span>mparativa <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>ejercicio <span class=\"_ _12\"> </span>2023 <span class=\"_ _12\"> </span>coincide <span class=\"_ _11\"> </span>c<span class=\"_ _6\"></span>on <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>informaci\u00f3n recogida en las cuentas<span class=\"_ _6\"></span> anuales <span class=\"_ _6\"></span>consolidadas<span class=\"_ _6\"></span> del ejercicio 2023.<span class=\"_ _6\"></span> A <span class=\"_ _18\"> </span>efectos <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>comparabilidad <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>deben <span class=\"_ _18\"> </span>tener <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>cons<span class=\"_ _6\"></span>ideraci\u00f3n, <span class=\"_ _18\"> </span>principalmente, <span class=\"_ _18\"> </span>las <span class=\"_ _18\"> </span>v<span class=\"_ _6\"></span>ariaciones <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>el per\u00edmetro de conso<span class=\"_ _6\"></span>lidaci\u00f3n detalladas<span class=\"_ _6\"></span> en la Nota<span class=\"_ _6\"></span> 6. Dadas las actividades a <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> que<span class=\"_ _1\"></span> se <span class=\"_ _e\"></span>dedican<span class=\"_ _6\"></span> las <span class=\"_ _1\"></span>sociedades del Grupo, <span class=\"_ _1\"></span>las transacciones del m<span class=\"_ _1\"></span>ismo no <span class=\"_ _1\"></span>cuentan con <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>car\u00e1cter <span class=\"_ _11\"></span>estacional. <span class=\"_ _0\"></span>No <span class=\"_ _11\"></span>obstante, <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>actividades <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roducci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>pasta <span class=\"_ _11\"></span>celul\u00f3sica <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>generaci\u00f3n energ\u00eda <span class=\"_ _6\"></span>renov<span class=\"_ _6\"></span>able <span class=\"_ _15\"></span>requieren <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>parad<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>eriodo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>oscilan <span class=\"_ _15\"></span>entre <span class=\"_ _15\"></span>10 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>15 <span class=\"_ _15\"></span>d\u00edas <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>efectuar <span class=\"_ _6\"></span>lab<span class=\"_ _6\"></span>ores de mantenimiento. <span class=\"_ _6\"></span> 2.4<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Principales de<span class=\"_ _1\"></span>cisiones rela<span class=\"_ _1\"></span>tivas a las NIIF </span>En <span class=\"ls0_1\">relaci\u00f3n con<span class=\"_ _6\"></span> la <span class=\"_ _6\"></span>presentaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las cu<span class=\"_ _6\"></span>entas an<span class=\"_ _6\"></span>uales <span class=\"_ _6\"></span>consolidadas y<span class=\"_ _6\"></span> resto d<span class=\"_ _6\"></span>e informaci\u00f3<span class=\"_ _6\"></span>n conten<span class=\"_ _6\"></span>ida en <span class=\"_ _6\"></span>la </span>memoria  consolidada,  el <span class=\"_ _12\"> </span>Gr<span class=\"_ _6\"></span>upo  adopt\u00f3  las <span class=\"_ _12\"> </span>siguient<span class=\"_ _6\"></span>es  decisiones; <span class=\"_ _1a\"> </span>1)  el <span class=\"_ _12\"> </span>Es<span class=\"_ _6\"></span>tado  de <span class=\"_ _1a\"> </span>Situaci\u00f3n  Financiera consolidado <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>presenta <span class=\"_ _15\"></span>distinguiendo <span class=\"_ _15\"></span>entre <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>tida<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>corrientes<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>(corto <span class=\"_ _15\"></span>plazo) <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>corrientes <span class=\"_ _15\"></span>(largo <span class=\"_ _6\"></span>plazo<span class=\"_ _6\"></span>), 2) <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>Resultado <span class=\"_ _11\"> </span>consolidado<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>presenta <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>naturaleza, <span class=\"_ _11\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>3) <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>Flujos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>Efectivo consolidado s<span class=\"_ _6\"></span>e presenta siguiendo el m\u00e9todo<span class=\"_ _6\"></span> indirecto.<span class=\"_ _6\"></span> 2.5<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Cambios en esti<span class=\"_ _1\"></span>maciones y po<span class=\"_ _1\"></span>l\u00edticas conta<span class=\"_ _1\"></span>bles y corre<span class=\"_ _1\"></span>cci\u00f3n de </span>errores fundamenta<span class=\"_ _1\"></span>les El <span class=\"_ _11\"></span>efecto <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>cualquier <span class=\"_ _0\"></span>cambi<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>estimaciones <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>tables <span class=\"_ _0\"></span>se <span class=\"_ _11\"> </span>registra <span class=\"_ _11\"></span>prospectivamente, <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span>mismo apartado <span class=\"_ _11\"></span>del <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>Resultado <span class=\"_ _0\"></span>consolidado <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>encuentra <span class=\"_ _11\"></span>registrado <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>gasto <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>ingreso <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>la estimaci\u00f3n anterior. <span class=\"_ _6\"></span> Por <span class=\"_ _11\"></span>su <span class=\"_ _11\"></span>parte, <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>cambios <span class=\"_ _0\"></span>en <span class=\"_ _11\"> </span>pol\u00edticas <span class=\"_ _11\"></span>contables <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>correcci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>errores <span class=\"_ _11\"></span>fundamentales <span class=\"_ _11\"> </span>se <span class=\"_ _11\"></span>registran <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el siguiente modo <span class=\"_ _1\"></span>siempre que <span class=\"_ _1\"></span>su impacto <span class=\"_ _1\"></span>sea significativo; <span class=\"_ _1\"></span>el efecto <span class=\"_ _e\"></span>acu<span class=\"_ _6\"></span>mulado al <span class=\"_ _1\"></span>inicio del <span class=\"_ _1\"></span>ejercicio se <span class=\"_ _1\"></span>ajusta en <span class=\"_ _6\"></span>el ep\u00edgrafe <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>reservas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>efecto del <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>pi<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>ejercicio s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>registra <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Estado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Resultado <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>solidado del ejercicio. En estos casos se re-expresan los datos financieros del ejercicio comparativo<span class=\"_ _6\"></span> presentado junto al ejercicio en curso.<span class=\"_ _6\"></span> Al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>dicie<span class=\"_ _6\"></span>mbre <span class=\"_ _e\"></span>de 2024 <span class=\"_ _a\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>2023 no <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>han producido <span class=\"_ _e\"></span>cambios significativos <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>po<span class=\"_ _6\"></span>l\u00edticas <span class=\"_ _e\"></span>conta<span class=\"_ _6\"></span>bles, <span class=\"_ _e\"></span>excepto<span class=\"_ _6\"></span> por los efectos de lo <span class=\"_ _1\"></span>indicado en la <span class=\"_ _1\"></span>nota 2.6 siguiente, ni ha <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ido necesario efectuar correcciones de e<span class=\"_ _1\"></span>rrores<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>2.6<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Normas e interpreta<span class=\"_ _1\"></span>ciones efectivas en e<span class=\"_ _e\"></span>l presente per\u00edodo  </span>Las pol\u00edticas co<span class=\"_ _6\"></span>ntables utiliza<span class=\"_ _6\"></span>das en la p<span class=\"_ _6\"></span>reparaci\u00f3n de<span class=\"_ _6\"></span> estas <span class=\"_ _6\"></span>Cuentas anu<span class=\"_ _6\"></span>ales consolida<span class=\"_ _6\"></span>das coinciden con <span class=\"_ _6\"></span>las utilizadas <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>ejercicio <span class=\"_ _11\"> </span>an<span class=\"_ _6\"></span>ual <span class=\"_ _11\"> </span>termin<span class=\"_ _6\"></span>ado <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>31 <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>diciembre <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>20<span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>3, <span class=\"_ _11\"> </span>ex<span class=\"_ _6\"></span>cepto <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>aplicaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>las siguientes normas <span class=\"_ _e\"></span>emitidas<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>por e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>IASB <span class=\"_ _1\"></span>(Internation<span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>Accountin<span class=\"_ _6\"></span>g <span class=\"_ _e\"></span>Sta<span class=\"_ _6\"></span>ndards Board) <span class=\"_ _e\"></span>y adoptadas por <span class=\"_ _e\"></span>la U<span class=\"_ _1\"></span>ni\u00f3n Europea para <span class=\"_ _6\"></span>su aplicaci\u00f3n en E<span class=\"_ _6\"></span>uropa a partir del 1 d<span class=\"_ _6\"></span>e enero de 202<span class=\"_ _6\"></span>4: Norma Contenido Modificaciones y/o interp<span class=\"_ _6\"></span>retaciones aplicables a partir del 1 de<span class=\"_ _6\"></span> enero d<span class=\"_ _6\"></span>e 2024<span class=\"_ _6\"></span>-<span class=\"ff4\"> </span>Modificaci\u00f3n a la NIC 1. <span class=\"_ _6\"></span>Clasificaci\u00f3n de p<span class=\"_ _6\"></span>asivos como corrientes y<span class=\"_ _6\"></span> no corrientes y<span class=\"_ _6\"></span>, de pasivos sujetos a co<span class=\"_ _6\"></span>venants.  Modificaci\u00f3n a la NIIF <span class=\"_ _6\"></span>16. Pasivo po<span class=\"_ _6\"></span>r arrendamiento en una <span class=\"_ _6\"></span>venta con arrendamiento posterior<span class=\"_ _6\"></span> Modificaci\u00f3n a la NIC 7 y<span class=\"_ _6\"></span> NIIF 7. Acuerdos<span class=\"_ _6\"></span> de financiaci\u00f3n con p<span class=\"_ _6\"></span>roveedores Clarificaciones <span class=\"_ _10\"></span>resp<span class=\"_ _6\"></span>ecto <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>presentaci\u00f3n <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>corrientes <span class=\"_ _10\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>corrientes de <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>asivos <span class=\"_ _12\"> </span>y, <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>particu<span class=\"_ _6\"></span>lar <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>aquellos <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>v<span class=\"_ _6\"></span>encimiento <span class=\"_ _12\"> </span>cond<span class=\"_ _6\"></span>icionado <span class=\"_ _12\"> </span>al cumplimiento de covenan<span class=\"_ _6\"></span>ts.<span class=\"_ _6\"></span> Esta <span class=\"_ _1b\"> </span>modificaci\u00f3n <span class=\"_ _1b\"> </span>aclara <span class=\"_ _1b\"> </span>la <span class=\"_ _1c\"> </span>contabilidad <span class=\"_ _1b\"> </span>posterior <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1b\"> </span>pasivos <span class=\"_ _1b\"> </span>por arrendamiento <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>surgen <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>transacciones <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>arrendamiento posterior. Esta <span class=\"_ _1d\"> </span>modificaci\u00f3n <span class=\"_ _1d\"> </span>introduce <span class=\"_ _f\"> </span>requisitos<span class=\"_ _6\"></span> <span class=\"_ _1d\"> </span>de <span class=\"_ _f\"> </span>desglose <span class=\"_ _f\"> </span>de <span class=\"_ _1d\"> </span>informaci\u00f3n espec\u00edficos <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>acuerdos de <span class=\"_ _1\"></span>financiaci\u00f3n con <span class=\"_ _e\"></span>proveedor<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>sus efe<span class=\"_ _1\"></span>ctos en los <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivos <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>flujos <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>efectivo <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>empresa, incluyendo <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>riesgo de <span class=\"_ _a\"></span>liqu<span class=\"_ _6\"></span>idez y gesti\u00f3n de los<span class=\"_ _6\"></span> riesgos asociad<span class=\"_ _6\"></span>os. Modificaciones y/o interp<span class=\"_ _6\"></span>retaciones aplicables a partir del 1 de<span class=\"_ _6\"></span> enero d<span class=\"_ _6\"></span>e 202<span class=\"_ _6\"></span>5-<span class=\"ff4\"> </span>Modificaci\u00f3n a la NIC 21. Au<span class=\"_ _6\"></span>sencia de convertibilidad<span class=\"_ _6\"></span> Esta modificaci\u00f3n esta<span class=\"_ _6\"></span>blece u<span class=\"_ _6\"></span>n enfoque que <span class=\"_ _6\"></span>especifica cua<span class=\"_ _6\"></span>ndo un<span class=\"_ _6\"></span>a moneda puede <span class=\"_ _15\"></span>ser <span class=\"_ _10\"></span>intercambiada <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>otra, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>cas<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>serlo, <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>determinac<span class=\"_ _6\"></span>i\u00f3n del tipo de cambio a u<span class=\"_ _6\"></span>tilizar. Ninguna de <span class=\"_ _e\"></span>estas normas, <span class=\"_ _e\"></span>interpretacion<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>modificaciones ha <span class=\"_ _e\"></span>sido<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>aplicada a<span class=\"_ _1\"></span>nticipadamente. La <span class=\"_ _e\"></span>aplicaci\u00f3n de <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>no<span class=\"_ _6\"></span>rmas, <span class=\"_ _10\"></span>interpretaciones <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>modificaciones <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>tenid<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>impactos <span class=\"_ _10\"></span>significativos <span class=\"_ _10\"></span>en <span class=\"_ _11\"></span>estas <span class=\"_ _15\"></span>Cuentas Anuales Consolida<span class=\"_ _6\"></span>das<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>2.7<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Normas e interpreta<span class=\"_ _1\"></span>ciones emitida<span class=\"_ _1\"></span>s no vigentes  </span>A  la  fecha  de <span class=\"_ _12\"> </span>formulaci\u00f3n<span class=\"_ _6\"></span>  de  e<span class=\"_ _1\"></span>stas  cuentas  anuales  consolidadas,  las  normas  e  interpretaciones  m\u00e1s significativas <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e h<span class=\"_ _6\"></span>ab\u00edan <span class=\"_ _6\"></span>sido<span class=\"_ _6\"></span> pub<span class=\"_ _6\"></span>licadas <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>IASB, <span class=\"_ _6\"></span>pero <span class=\"_ _6\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>hab\u00edan <span class=\"_ _6\"></span>entrad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>a\u00fan <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>vigor, <span class=\"_ _6\"></span>bien <span class=\"_ _6\"></span>porq<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no han sido a\u00fan adoptadas por la Uni\u00f3n Europea, o bien, porqu<span class=\"_ _6\"></span>e su fecha de efectividad es posterior a la fecha de formulaci\u00f3n, son<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>Norma Contenido Modificaciones y/o interp<span class=\"_ _6\"></span>retaciones aplicables a partir del 1 de<span class=\"_ _6\"></span> enero d<span class=\"_ _6\"></span>e 202<span class=\"_ _6\"></span>6- Modificaci\u00f3n a la NIIF <span class=\"_ _6\"></span>7 y NIIF 9. <span class=\"_ _6\"></span>Clasificaci\u00f3n y Valoraci\u00f3n de in<span class=\"_ _6\"></span>strumentos financieros.<span class=\"_ _15\"></span> Esta <span class=\"_ _11\"> </span>modificaci\u00f3n <span class=\"_ _11\"></span>aclara <span class=\"_ _0\"></span>los <span class=\"_ _11\"> </span>criterios <span class=\"_ _11\"> </span>para <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>clasificaci\u00f3n <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ciertos<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>activos financieros, <span class=\"_ _1c\"> </span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _1c\"> </span>como, <span class=\"_ _1b\"> </span>los <span class=\"_ _1c\"> </span>criterios <span class=\"_ _1c\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _1c\"> </span>la <span class=\"_ _1b\"> </span>baja <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _1c\"> </span>financieros liquidados <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>trav\u00e9s <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>sistemas <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>pago <span class=\"_ _19\"> </span>electr\u00f3nico.<span class=\"_ _6\"></span> <span class=\"_ _19\"> </span>Adicionalmente, introduce requerimientos<span class=\"_ _6\"></span> de desglo<span class=\"_ _6\"></span>se adicionales<span class=\"_ _6\"></span>. Nuevas Normas<span class=\"_ _6\"></span>-<span class=\"ff4\"> </span>NIIF 18 Presentaci\u00f3n y<span class=\"_ _6\"></span> desgloses d<span class=\"_ _6\"></span>e estados financieros.<span class=\"_ _6\"></span><span class=\"ff3\"> </span>El <span class=\"_ _6\"></span>objetivo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>norma <span class=\"_ _6\"></span>es es<span class=\"_ _6\"></span>tablecer <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>requerimientos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pres<span class=\"_ _6\"></span>entaci\u00f3n y desglose <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1c\"> </span>estados <span class=\"_ _1c\"> </span>financieros,<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>reemplazando <span class=\"_ _1c\"> </span>con <span class=\"_ _1c\"> </span>ello <span class=\"_ _1c\"> </span>a <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>NIC1, actualmente en vigor.<span class=\"_ _6\"></span> NIIF 19 Desgloses de s<span class=\"_ _6\"></span>ubsidiarias s<span class=\"_ _6\"></span>in contabilidad p<span class=\"_ _6\"></span>\u00fablica. El <span class=\"_ _6\"></span>objetivo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>ueva <span class=\"_ _6\"></span>norma <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>detallar <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>des<span class=\"_ _6\"></span>gloses <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>subsidiaria puede aplicar, opcion<span class=\"_ _6\"></span>almente, en la emisi\u00f3n d<span class=\"_ _6\"></span>e sus <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span>dos financieros. No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>esperan <span class=\"_ _0\"></span>impactos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>significativos <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>introducci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estas <span class=\"_ _0\"></span>modificacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>ser <span class=\"_ _0\"></span>aplicacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>de car\u00e1cter <span class=\"_ _11\"></span>prospectivo, <span class=\"_ _11\"></span>modificaciones <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>esglose <span class=\"_ _11\"></span>y/o <span class=\"_ _0\"></span>tra<span class=\"_ _6\"></span>tar <span class=\"_ _11\"></span>aspectos <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>aplicab<span class=\"_ _6\"></span>les <span class=\"_ _11\"></span>o <span class=\"_ _0\"></span>no<span class=\"_ _6\"></span> significativos <span class=\"_ _6\"></span>a las<span class=\"_ _6\"></span> operacion<span class=\"_ _6\"></span>es del <span class=\"_ _6\"></span>Grupo.<span class=\"_ _6\"></span> Si <span class=\"_ _6\"></span>bien <span class=\"_ _6\"></span>la Soci<span class=\"_ _6\"></span>edad<span class=\"_ _6\"></span> est\u00e1 <span class=\"_ _6\"></span>revisand<span class=\"_ _6\"></span>o los <span class=\"_ _6\"></span>impactos q<span class=\"_ _6\"></span>ue la <span class=\"_ _6\"></span>aplicaci\u00f3n tendr\u00eda sobre la in<span class=\"_ _6\"></span>formaci\u00f3n financiera, b\u00e1s<span class=\"_ _6\"></span>icamente por las modificaciones es<span class=\"_ _6\"></span>tablecidas en la N<span class=\"_ _6\"></span>IIF 18 en la clasificaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>partidas <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>estado <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e resu<span class=\"_ _6\"></span>ltados <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>tinguiendo <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>act<span class=\"_ _6\"></span>ividades <span class=\"_ _6\"></span>operat<span class=\"_ _15\"></span>iv<span class=\"_ _6\"></span>as, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>inversi\u00f3n y de financiaci\u00f3n<span class=\"_ _33\"> </span>3.<span class=\"ff5 ls0_1\"> <span class=\"_ _f\"> </span><span class=\"ff3\">Pol\u00edticas contables </span></span>Las <span class=\"_ _0\"></span>principales <span class=\"_ _0\"></span>pol\u00edticas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>contables <span class=\"_ _0\"></span>utilizadas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>elaboraci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estas <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>anuales<span class=\"_ _15\"></span> <span class=\"_ _0\"></span>consolidadas<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>de conformidad con lo establecido en las<span class=\"_ _1\"></span> Normas Internacionales de <span class=\"_ _1\"></span>Informaci\u00f3n Financiera e <span class=\"_ _1\"></span>interpretaciones<span class=\"_ _6\"></span> adoptadas p<span class=\"_ _6\"></span>or la Uni\u00f3n Europea (NIIF<span class=\"_ _6\"></span>-UE), s<span class=\"_ _6\"></span>e detallan a contin<span class=\"_ _6\"></span>uaci\u00f3n: 3.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Combinacione<span class=\"_ _1\"></span>s de negocio<span class=\"_ _33\"> </span></span><span class=\"fc2\"> </span>Las combinaciones de <span class=\"_ _e\"></span>negocio<span class=\"_ _6\"></span>s en <span class=\"_ _1\"></span>las que <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo adquiere <span class=\"_ _1\"></span>el control <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e uno <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span> varios <span class=\"_ _1\"></span>negocios se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>m<span class=\"_ _6\"></span>\u00e9todo de <span class=\"_ _e\"></span>adquisici\u00f3n de <span class=\"_ _e\"></span>acuerdo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>lo dispuesto en <span class=\"_ _e\"></span>la NIIF <span class=\"_ _e\"></span>3 Combinaciones de <span class=\"_ _e\"></span>Negocio. Se<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>considera \u201cnegocio\u201d <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>conjun<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>integrado <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>actividades <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>activos, <span class=\"_ _6\"></span>sus<span class=\"_ _6\"></span>ceptibles <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>ser <span class=\"_ _6\"></span>dirigidos <span class=\"_ _15\"></span>y ges<span class=\"_ _6\"></span>tionados <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>el prop\u00f3sito <span class=\"_ _15\"></span>de; <span class=\"_ _6\"></span>1) <span class=\"_ _15\"></span>proporcionar <span class=\"_ _15\"></span>bienes <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>servicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>clientes, <span class=\"_ _15\"></span>y/o <span class=\"_ _6\"></span>2) <span class=\"_ _15\"></span>generar <span class=\"_ _15\"></span>ingresos <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>versiones<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>otros ingresos de activid<span class=\"_ _6\"></span>ades o<span class=\"_ _6\"></span>rdinarias. El <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _10\"></span>implica, <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>car\u00e1cter <span class=\"_ _10\"></span>general, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>registro, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>fecha <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>obtiene <span class=\"_ _10\"></span>el control <span class=\"_ _17\"> </span>del <span class=\"_ _18\"> </span>negocio <span class=\"_ _17\"> </span>adquirido, <span class=\"_ _18\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _18\"> </span>activos <span class=\"_ _17\"> </span>adquiridos, <span class=\"_ _17\"> </span>los <span class=\"_ _18\"> </span>pasivos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>asumido<span class=\"_ _6\"></span>s, <span class=\"_ _1e\"> </span>los <span class=\"_ _18\"> </span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _1e\"> </span>de patrimonio <span class=\"_ _15\"></span>neto <span class=\"_ _15\"></span>emitidos, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>cualquier <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>prest<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>contingente <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>dependa <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>echos <span class=\"_ _15\"></span>futuros <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>del cumplimiento <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ciertas <span class=\"_ _11\"></span>condiciones, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>dicha <span class=\"_ _0\"></span>fecha, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>cuando <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>valo<span class=\"_ _6\"></span>r pueda <span class=\"_ _10\"></span>ser <span class=\"_ _0\"></span>medido <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _10\"></span>f<span class=\"_ _6\"></span>iable. <span class=\"_ _10\"></span>Los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>costes <span class=\"_ _0\"></span>relacionados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>recono<span class=\"_ _6\"></span>cen <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>gast<span class=\"_ _15\"></span>os cuando se in<span class=\"_ _6\"></span>curre en ellos.<span class=\"_ _33\"> </span>La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ositiva <span class=\"_ _10\"></span>existente <span class=\"_ _15\"></span>entre <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>traprestaci\u00f3n <span class=\"_ _10\"></span>trans<span class=\"_ _6\"></span>ferida <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>particip<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>quirida<span class=\"_ _15\"></span> <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _15\"></span>el valor <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>ignado <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>articipaciones <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>dominantes<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _15\"></span>neto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>adquiridos <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>pasivos<span class=\"_ _33\"> </span>asumidos, que incluye los pasivos contingentes, junto<span class=\"_ _6\"></span> con el<span class=\"_ _1\"></span> valor razonable de la participaci\u00f3n que pudiera tenerse <span class=\"_ _11\"> </span>previamente <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>negocio <span class=\"_ _11\"> </span>ad<span class=\"_ _6\"></span>quirido, <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>registra <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _12\"> </span>\u201cFondo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>comercio\u201d. <span class=\"_ _12\"> </span>Si <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>icha diferencia fuera negativa, s<span class=\"_ _6\"></span>e reconocer\u00eda dir<span class=\"_ _6\"></span>ectamente com<span class=\"_ _6\"></span>o un mayor <span class=\"_ _6\"></span>resultado del ejercicio.<span class=\"_ _33\"> </span><span class=\"_ _15\"></span> Si <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>co<span class=\"_ _6\"></span>mbinaci\u00f3n de <span class=\"_ _a\"></span>nego<span class=\"_ _6\"></span>cios s\u00f3lo <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>puede <span class=\"_ _1\"></span>determinar <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>f<span class=\"_ _6\"></span>orma provisional, <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>netos identificables se <span class=\"_ _11\"> </span>registra<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>inicialmente <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>us <span class=\"_ _12\"> </span>valores <span class=\"_ _12\"> </span>provisionales<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>reconociendo <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>aj<span class=\"_ _6\"></span>ustes <span class=\"_ _12\"> </span>efectuados<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>durante <span class=\"_ _11\"> </span>el periodo de <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>aloraci\u00f3n definitiva,<span class=\"_ _6\"></span> que <span class=\"_ _e\"></span>como m\u00e1ximo es de <span class=\"_ _1\"></span>1 a\u00f1o desde <span class=\"_ _e\"></span>la fecha de <span class=\"_ _1\"></span>adquisi<span class=\"_ _6\"></span>ci\u00f3n, como <span class=\"_ _1\"></span>si \u00e9stos<span class=\"_ _6\"></span> se <span class=\"_ _11\"></span>hubieran <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>ocido <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>adquisici\u00f3n, <span class=\"_ _11\"></span>re-expr<span class=\"_ _6\"></span>esando, <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>su <span class=\"_ _11\"> </span>caso, <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>cifras <span class=\"_ _11\"></span>comparativas <span class=\"_ _11\"></span>del ejercicio <span class=\"_ _17\"> </span>anterior.<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>En <span class=\"_ _17\"> </span>cualq<span class=\"_ _6\"></span>uier <span class=\"_ _17\"> </span>caso, <span class=\"_ _17\"> </span>los <span class=\"_ _1c\"> </span>ajustes <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _17\"> </span>prov<span class=\"_ _6\"></span>isionales <span class=\"_ _17\"> </span>\u00fanicamente<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>incorporan informaci\u00f3n <span class=\"_ _10\"></span>relativa <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>echos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>circuns<span class=\"_ _6\"></span>tancias<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>exist\u00edan <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>adqu<span class=\"_ _6\"></span>isici\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>que, <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>aber sido <span class=\"_ _15\"></span>conocidos<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>hubieran <span class=\"_ _15\"></span>afectado <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>importes <span class=\"_ _15\"></span>recono<span class=\"_ _6\"></span>cidos <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>dicha <span class=\"_ _15\"></span>fecha. <span class=\"_ _15\"></span>Transcurrid<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>dicho <span class=\"_ _15\"></span>periodo, s\u00f3lo se realizan a<span class=\"_ _6\"></span>justes a la valoraci\u00f3n in<span class=\"_ _6\"></span>icial como la correc<span class=\"_ _6\"></span>ci\u00f3n de un error<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> El fondo de come<span class=\"_ _6\"></span>rcio resultan<span class=\"_ _6\"></span>te de una combinaci\u00f3<span class=\"_ _6\"></span>n de n<span class=\"_ _6\"></span>egocios s<span class=\"_ _6\"></span>e asigna a cada <span class=\"_ _6\"></span>una de las<span class=\"_ _6\"></span> UGE o Grupos de UGE que se espera s<span class=\"_ _6\"></span>e vayan a b<span class=\"_ _6\"></span>eneficiar de la sinergias d<span class=\"_ _6\"></span>e la combinaci\u00f3n. <span class=\"_ _15\"></span> Los <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio <span class=\"_ _6\"></span>s\u00f3<span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _6\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ido <span class=\"_ _6\"></span>adquirido<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>t\u00edtulo <span class=\"_ _10\"></span>oneroso<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>amort<span class=\"_ _6\"></span>izan. En <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>lu<span class=\"_ _6\"></span>gar, <span class=\"_ _10\"></span>son <span class=\"_ _10\"></span>revisado<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>anualmente <span class=\"_ _10\"></span>mediante <span class=\"_ _0\"></span>estudios <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>verificar <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>exista <span class=\"_ _10\"></span>deterioro <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>valor asignado <span class=\"_ _6\"></span>inicialmente, <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ci\u00e9ndose <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>el v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>recuperable es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inferior al <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>asignado <span class=\"_ _15\"></span>inicialmente. <span class=\"_ _6\"></span>Una <span class=\"_ _15\"></span>vez <span class=\"_ _15\"></span>reconocida <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>fondo d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio, <span class=\"_ _6\"></span>\u00e9sta<span class=\"_ _6\"></span> no revierte en <span class=\"_ _1\"></span>los ejercicios futuros. Estas valoraciones son r<span class=\"_ _e\"></span>ealizad<span class=\"_ _6\"></span>as de forma interna y <span class=\"_ _e\"></span>se ofrecen detalles sobre la metodolog\u00eda d<span class=\"_ _6\"></span>e c\u00e1lculo ap<span class=\"_ _6\"></span>licada en la Nota<span class=\"_ _6\"></span> 3.5. El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio <span class=\"_ _1\"></span>no se <span class=\"_ _e\"></span>amortiza y <span class=\"_ _e\"></span>se revisa <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>ualmente para <span class=\"_ _e\"></span>analizar las <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>osibles p\u00e9rdidas <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>deterioro de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>valor, <span class=\"_ _10\"></span>registr\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>financiera <span class=\"_ _10\"></span>consolida<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>coste <span class=\"_ _0\"></span>menos <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> p\u00e9rdidas po<span class=\"_ _6\"></span>r deterioro acumulada<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>El <span class=\"_ _11\"></span>Grupo <span class=\"_ _0\"></span>eval\u00fa<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>cada <span class=\"_ _11\"> </span>transacci\u00f3n <span class=\"_ _11\"></span>si <span class=\"_ _0\"></span>ha <span class=\"_ _11\"> </span>adquirido <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>negocio <span class=\"_ _11\"> </span>o <span class=\"_ _11\"></span>un <span class=\"_ _11\"></span>grupo <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>activos, <span class=\"_ _11\"></span>analizando <span class=\"_ _0\"></span>si <span class=\"_ _11\"> </span>el conjunto d<span class=\"_ _6\"></span>e activos adquiridos cu<span class=\"_ _6\"></span>mple con la definici\u00f3n de <span class=\"_ _6\"></span>negocio recogida en<span class=\"_ _6\"></span> NIIF<span class=\"_ _6\"></span>-<span class=\"lse\">3.<span class=\"_ _6\"></span></span> El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>reconoce <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>participaciones <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>dominantes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>entid<span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quirida <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los activos netos<span class=\"_ _6\"></span> identificables de la entid<span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>, valorados a valor razonab<span class=\"_ _6\"></span>le<span class=\"lsf\">.<span class=\"_ _33\"> </span></span><span class=\"lsf\"> </span> 3.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Otros activos inta<span class=\"_ _1\"></span>ngibles </span>Los <span class=\"_ _11\"> </span>derechos <span class=\"_ _11\"> </span>incluidos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>este <span class=\"_ _0\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>Estado <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>Situaci\u00f3n <span class=\"_ _11\"> </span>Finan<span class=\"_ _6\"></span>ciera, <span class=\"_ _11\"></span>principalmente <span class=\"_ _11\"> </span>aplicaciones<span class=\"_ _6\"></span> inform\u00e1ticas, gastos <span class=\"_ _e\"></span>de desarrollo, <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> permisos <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>licencias <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>la ge<span class=\"_ _1\"></span>neraci\u00f3n de <span class=\"_ _e\"></span>energ\u00eda el\u00e9ctrica, <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>registra<span class=\"_ _6\"></span>n inicialmente <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>coste <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>adquisici\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n. <span class=\"_ _15\"></span>Tras <span class=\"_ _15\"></span>su <span class=\"_ _10\"></span>reconocimiento <span class=\"_ _15\"></span>inicial, <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>valora<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>coste <span class=\"_ _15\"></span>de adquisici\u00f3n, <span class=\"_ _10\"></span>deducidas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>amortizaci\u00f3n <span class=\"_ _10\"></span>acu<span class=\"_ _6\"></span>mulada <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>cualquier <span class=\"_ _15\"></span>p\u00e9rdida <span class=\"_ _10\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _10\"></span>deterioro <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _10\"></span>(v\u00e9ase <span class=\"_ _10\"></span>Not<span class=\"_ _15\"></span><span class=\"ls13\">a </span>3.5).  Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil <span class=\"_ _1\"></span>definida y se amortizan siguiendo <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _10\"></span>lineal <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>largo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _10\"></span>estimada, <span class=\"_ _10\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>periodo <span class=\"_ _10\"></span>du<span class=\"_ _6\"></span>rante <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>cual <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e prev\u00e9 que generar\u00e1n ingreso<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>Gastos de I+D - Los gastos d<span class=\"_ _6\"></span>e investigaci\u00f3n s<span class=\"_ _6\"></span>e reconocen como gasto en el ejercicio <span class=\"_ _6\"></span>en el que incurre <span class=\"_ _6\"></span>en ellos. <span class=\"_ _6\"></span> Por <span class=\"_ _12\"> </span>su  parte, <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>gastos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>desar<span class=\"_ _6\"></span>rollo, <span class=\"_ _12\"> </span>que  incluyen <span class=\"_ _11\"> </span>el<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>desarrollo  de <span class=\"_ _11\"> </span>nuevos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>proyect<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>negocio, <span class=\"_ _12\"> </span>se<span class=\"_ _6\"></span> reconocen como <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>su cos<span class=\"_ _6\"></span>te es <span class=\"_ _6\"></span>identificable por <span class=\"_ _6\"></span>proyecto, <span class=\"_ _6\"></span>y es p<span class=\"_ _6\"></span>robable que el <span class=\"_ _6\"></span>proyecto <span class=\"_ _6\"></span>vaya a<span class=\"_ _33\"> </span>tener <span class=\"_ _10\"></span>\u00e9xito <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>nivel <span class=\"_ _10\"></span>t\u00e9cnico <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>comercial. <span class=\"_ _0\"></span>Los <span class=\"_ _10\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>re\u00fanen <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>requis<span class=\"_ _6\"></span>itos <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>reconocen <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>un gasto en el ejercicio en q<span class=\"_ _6\"></span>ue se incurren.<span class=\"_ _6\"></span> Estos <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>cap<span class=\"_ _6\"></span>italizados <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan <span class=\"_ _0\"></span>linealm<span class=\"_ _6\"></span>ente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _6\"></span>os, <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>bien <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>plazo <span class=\"_ _11\"></span>en <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>prevea <span class=\"_ _0\"></span>que generar\u00e1n ingresos s<span class=\"_ _6\"></span>i este plazo es s<span class=\"_ _6\"></span>uperior, con el l\u00edmite de 10 a\u00f1o<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Aplicaciones inform\u00e1tic<span class=\"_ _6\"></span>as- El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>registra <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>adquisici\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>programas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inform\u00e1ticos, <span class=\"_ _6\"></span>as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e licencias con <span class=\"_ _6\"></span>vigencia <span class=\"_ _6\"></span>plurianual. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _6\"></span>se reconocen <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>activos<span class=\"_ _6\"></span> intangibles<span class=\"_ _6\"></span> los <span class=\"_ _6\"></span>costes <span class=\"_ _6\"></span>directamente relacionados <span class=\"_ _0\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>esarrollo <span class=\"_ _0\"></span>interno <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>gramas <span class=\"_ _0\"></span>infor<span class=\"_ _6\"></span>m\u00e1ticos, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ea <span class=\"_ _0\"></span>clarament<span class=\"_ _6\"></span>e identificable <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>yecto, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>sea <span class=\"_ _e\"></span>prob<span class=\"_ _6\"></span>able <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>vayan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>gener<span class=\"_ _6\"></span>ar <span class=\"_ _e\"></span>beneficios <span class=\"_ _e\"></span>econ\u00f3m<span class=\"_ _6\"></span>icos <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>fut<span class=\"_ _6\"></span>uro <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>Grupo. El resto de los costes internos y <span class=\"_ _1\"></span>externos asociados al mantenimiento y desarrollo de s<span class=\"_ _6\"></span>oftware se imputan a resultados en el ejercicio en q<span class=\"_ _6\"></span>ue se incu<span class=\"_ _6\"></span>rren. La amortizaci\u00f3n <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>aplicacio<span class=\"_ _6\"></span>nes inform\u00e1ticas <span class=\"_ _1\"></span>se realiza aplicando el <span class=\"_ _e\"></span>m\u00e9todo<span class=\"_ _6\"></span> lineal <span class=\"_ _e\"></span>du<span class=\"_ _6\"></span>rante un per\u00edodo <span class=\"_ _1\"></span>de 5 a\u00f1os, a co<span class=\"_ _6\"></span>ntar desde la entrada en explotaci\u00f3<span class=\"_ _6\"></span>n de cada programa.<span class=\"_ _33\"> </span><span class=\"_ _15\"></span> Derechos de ge<span class=\"_ _6\"></span>neraci\u00f3n de energ\u00eda el\u00e9c<span class=\"_ _6\"></span>trica<span class=\"_ _6\"></span>- Los <span class=\"_ _11\"></span>permisos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>licencias <span class=\"_ _11\"> </span>que <span class=\"_ _0\"></span>permiten <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>una <span class=\"_ _0\"></span>ins<span class=\"_ _6\"></span>talaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>perar <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>r\u00e9gimen retributivo especial regulado en el <span class=\"_ _1\"></span>Real Decreto 413/2014, de 6 de <span class=\"_ _e\"></span>ju<span class=\"_ _6\"></span>nio, por el que <span class=\"_ _1\"></span>se regula la actividad <span class=\"_ _1\"></span>de producci\u00f3n <span class=\"_ _1a\"> </span>de <span class=\"_ _12\"> </span>energ\u00eda <span class=\"_ _12\"> </span>el\u00e9ctr<span class=\"_ _6\"></span>ica <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>artir <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>fuentes  de <span class=\"_ _11\"> </span>en<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _12\"> </span>renov<span class=\"_ _6\"></span>ab<span class=\"_ _6\"></span>le, <span class=\"_ _12\"> </span>cogeneraci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _12\"> </span>y  residuos, <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e registran <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>coste <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>adq<span class=\"_ _6\"></span>uisici\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>bien, <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>i<span class=\"_ _6\"></span>ncurrido <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>obten<span class=\"_ _6\"></span>ci\u00f3n, <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>amort<span class=\"_ _6\"></span>izan <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> a\u00f1os de vida \u00fatil regulatoria de las instalaciones de generaci\u00f3n de energ\u00eda renovable en la<span class=\"_ _6\"></span>s que se utilizan si dicha <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>\u00fatil <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _0\"></span>limitada <span class=\"_ _0\"></span>regulatoriamente, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>b<span class=\"_ _6\"></span>ien, <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>prev\u00e9 <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>instalaci\u00f3n titular genere beneficios par<span class=\"_ _6\"></span>a el Grupo<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span><span class=\"ff2 fs1\"> </span>3.3<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Propiedad, plan<span class=\"_ _1\"></span>ta y equipo </span>Estos <span class=\"_ _15\"></span>activos <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>valoran <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n, <span class=\"_ _6\"></span>deducida<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>amortizaciones <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>los deterioros de valor, si los <span class=\"_ _1\"></span>hubiera (v\u00e9ase Nota 3.5). <span class=\"_ _1\"></span>El coste <span class=\"_ _1\"></span>de adquisici\u00f3n incluye, en su <span class=\"_ _1\"></span>caso, los siguientes conceptos:<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Los intereses d<span class=\"_ _6\"></span>evengados du<span class=\"_ _6\"></span>rante el periodo de<span class=\"_ _6\"></span> construcci<span class=\"_ _6\"></span>\u00f3n, siempre que <span class=\"_ _6\"></span>este per\u00edodo <span class=\"_ _6\"></span>sea su<span class=\"_ _6\"></span>perior a </span></span>1 <span class=\"_ _11\"></span>a\u00f1o, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>relativos <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _11\"> </span>atribuible <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>activo <span class=\"_ _11\"> </span>productivo. <span class=\"_ _11\"> </span>La <span class=\"_ _11\"> </span>tasa <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>inter\u00e9s <span class=\"_ _11\"></span>utilizada <span class=\"_ _11\"> </span>es <span class=\"_ _11\"></span>la correspondiente <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>espec\u00edfica <span class=\"_ _0\"></span>o, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>existi<span class=\"_ _6\"></span>r, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>ta<span class=\"_ _6\"></span>sa <span class=\"_ _10\"></span>media <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>financiaci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Grupo (v\u00e9ase Nota 28).<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Los <span class=\"_ _0\"></span>tra<span class=\"_ _6\"></span>bajos <span class=\"_ _0\"></span>realizad<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Gru<span class=\"_ _6\"></span>po <span class=\"_ _0\"></span>para <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>propio <span class=\"_ _11\"></span>i<span class=\"_ _1\"></span>nmovilizado <span class=\"_ _11\"></span>material<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>registran <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>coste </span></span>acumulado <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>resulta <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>a\u00f1adir <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>costes <span class=\"_ _10\"></span>externos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>internos, <span class=\"_ _10\"></span>principalmente <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de personal, <span class=\"_ _18\"> </span>materiales  de <span class=\"_ _18\"> </span>almac\u00e9n <span class=\"_ _18\"> </span>y  otros<span class=\"_ _6\"></span>  cos<span class=\"_ _6\"></span>tes  operativos<span class=\"_ _6\"></span>.  Dura<span class=\"_ _6\"></span>nte  el <span class=\"_ _18\"> </span>ejercicio  202<span class=\"_ _15\"></span><span class=\"lse\">4 <span class=\"_ _18\"> </span></span>el  importe registrado <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>concepto<span class=\"_ _6\"></span> asciend<span class=\"_ _6\"></span>e a <span class=\"_ _15\"></span>5.864 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>(</span>1.5<span class=\"_ _6\"></span>58 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>202</span>3), <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>registra <span class=\"_ _6\"></span>dentro <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el<span class=\"_ _1\"></span> ep\u00edgrafe \u201cTrabajos r<span class=\"_ _6\"></span>ealizados por el Grup<span class=\"_ _6\"></span>o para su<span class=\"_ _6\"></span> inmovilizado\u201d del Es<span class=\"_ _6\"></span>tado de Resultado conso<span class=\"_ _6\"></span>lidado. <span class=\"_ _15\"></span><span class=\"ff4\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _15\"></span>caso <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>est\u00e9 <span class=\"_ _15\"></span>obligado<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>desmantelar <span class=\"_ _15\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaciones <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>rehab<span class=\"_ _6\"></span>ilitar <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>lugar <span class=\"_ _15\"></span>don<span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e </span></span>asientan, <span class=\"_ _12\"> </span>el <span class=\"_ _11\"></span>valor <span class=\"_ _11\"> </span>estimado <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>dicho<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>costes <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>incorpora <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>valor <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>libros <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>activo <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>su <span class=\"_ _11\"> </span>valor presente, <span class=\"_ _12\"> </span>con  abono <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>ep\u00edgrafe <span class=\"_ _12\"> </span>\u201cProvisiones<span class=\"_ _6\"></span>\u201d <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>Est<span class=\"_ _6\"></span><span class=\"ff4\">ado  de <span class=\"_ _11\"> </span>Situaci\u00f3n  Financiera <span class=\"_ _11\"> </span>cons<span class=\"_ _6\"></span>olidado.  Lo<span class=\"_ _1\"></span>s </span>cambios <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>osteriores <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>evaluaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>obligacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>desmantelami<span class=\"_ _6\"></span>ento <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>a\u00f1ade<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>deducen del valor neto conta<span class=\"_ _6\"></span>ble del activo corresp<span class=\"_ _6\"></span>ondiente en el period<span class=\"_ _6\"></span>o en el que se p<span class=\"_ _6\"></span>roducen. <span class=\"_ _15\"></span> A este respecto, \u00fanicamente <span class=\"_ _1\"></span>se estima que se incurrir\u00e1 e<span class=\"_ _1\"></span>n este tipo de costes e<span class=\"_ _1\"></span>n relaci\u00f3n a <span class=\"_ _1\"></span>la biof\u00e1brica de <span class=\"_ _18\"> </span>Pontevedra <span class=\"_ _18\"> </span>asentada <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>terrenos <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>dominio <span class=\"_ _18\"> </span>p\u00fablic<span class=\"_ _6\"></span>o <span class=\"_ _18\"> </span>disponibles<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>trav\u00e9s <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>una  con<span class=\"_ _6\"></span>cesi\u00f3n administrativa,<span class=\"_ _6\"></span>  ya  que,  seg\u00fan  los  t\u00e9rminos<span class=\"_ _6\"></span>  de  otorgamiento  de  la  concesi\u00f3n<span class=\"_ _6\"></span>  administrativa,  a  su vencimiento, las instalaciones construid<span class=\"_ _6\"></span>as sobre el terreno revertir\u00e1n al Estado o bien \u00e9<span class=\"_ _1\"></span>ste requerir\u00e1 su desmantelamiento.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Con anterioridad a<span class=\"_ _6\"></span> la fecha de t<span class=\"_ _6\"></span>ransici\u00f3n a la n<span class=\"_ _6\"></span>ormativa contable internacio<span class=\"_ _6\"></span>nal (1 de enero d<span class=\"_ _6\"></span>e 2004), el </span></span>Grupo <span class=\"_ _15\"></span>ENCE <span class=\"_ _15\"></span>actualiz\u00f3<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>sus <span class=\"_ _15\"></span>terrenos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>registra<span class=\"_ _6\"></span>dos <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cPropiedad<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>planta <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>equip<span class=\"_ _6\"></span>o\u201d del Estado de <span class=\"_ _e\"></span>Situaci\u00f3n<span class=\"_ _6\"></span> Financiera <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>solidado a su valor <span class=\"_ _1\"></span>de m<span class=\"_ _1\"></span>ercado en e<span class=\"_ _1\"></span>se momento <span class=\"_ _1\"></span>(v\u00e9ase Nota 16),<span class=\"_ _1\"></span> habi\u00e9ndose  considerado <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>importe <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>dicha  actualizaci\u00f3n <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>parte <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _12\"> </span>coste <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los  activos <span class=\"_ _11\"> </span>de acuerdo con lo esta<span class=\"_ _6\"></span>blecido por la N<span class=\"_ _6\"></span>IIF 1. Los <span class=\"_ _12\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>ampliaci\u00f3n, <span class=\"_ _12\"> </span>modernizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>mejoras<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"> </span>representa<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>un  a<span class=\"_ _1\"></span>umento <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la  pro<span class=\"_ _1\"></span>ductividad, capacidad, <span class=\"_ _6\"></span>eficiencia o <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>alargamiento<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>vida <span class=\"_ _6\"></span>\u00fatil d<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> bienes <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>capitalizan <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>m<span class=\"_ _6\"></span>ayor cos<span class=\"_ _6\"></span>te de <span class=\"_ _6\"></span>los correspondientes activos. <span class=\"_ _e\"></span>Forman igualmente <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>inmov<span class=\"_ _6\"></span>ilizado <span class=\"_ _1\"></span>material <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>inversiones <span class=\"_ _1\"></span>efectuadas con el <span class=\"_ _15\"></span>fin <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>minimizar <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>impacto <span class=\"_ _10\"></span>ambiental <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>operacion<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>mejorar <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>pro<span class=\"_ _6\"></span>tecci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>medio <span class=\"_ _10\"></span>ambiente<span class=\"_ _6\"></span>. ENCE <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>igue <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>traspas<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>obra <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>curs<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _11\"></span>una <span class=\"_ _0\"></span>vez <span class=\"_ _0\"></span>fi<span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>alizado <span class=\"_ _11\"></span>el correspondiente periodo<span class=\"_ _6\"></span> de prueba.<span class=\"_ _6\"></span> Por su parte, los gastos de <span class=\"_ _1\"></span>conservaci\u00f3n y mantenimiento incurridos durante el ejercicio <span class=\"_ _1\"></span>se cargan al Estado de Resultado cons<span class=\"_ _6\"></span>olidado. <span class=\"_ _6\"></span> Las s<span class=\"_ _6\"></span>ustituciones <span class=\"_ _6\"></span>de elemento<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>del inmovilizad<span class=\"_ _6\"></span>o material <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>sceptibles <span class=\"_ _6\"></span>de capitaliza<span class=\"_ _6\"></span>ci\u00f3n su<span class=\"_ _6\"></span>ponen <span class=\"_ _6\"></span>la baj<span class=\"_ _6\"></span>a del valor  contable  de  los  elementos<span class=\"_ _6\"></span>  sustituidos.  En  aquellos  casos  en  los  que  el  coste  de  los  elementos sustituid<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>haya <span class=\"_ _0\"></span>sido <span class=\"_ _0\"></span>amortizad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>forma <span class=\"_ _0\"></span>ind<span class=\"_ _6\"></span>ependie<span class=\"_ _6\"></span>nte <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>fuese <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>racticable <span class=\"_ _0\"></span>determin<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>alor contable de los mismos, s<span class=\"_ _6\"></span>e utiliza el coste de la sustituci\u00f3n como indicativo del coste de los elementos en el momento <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>construcci\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ben<span class=\"_ _6\"></span>eficio <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>pr<span class=\"_ _10\"></span>oduce <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la enajenaci\u00f3n <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>elementos sustituidos <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>determina <span class=\"_ _e\"></span>por dif<span class=\"_ _1\"></span>erencia <span class=\"_ _e\"></span>entre<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ercibid<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>por la <span class=\"_ _a\"></span>venta<span class=\"_ _6\"></span> y el valor en libros<span class=\"_ _6\"></span> del activo enajenado.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Amortizaciones y de<span class=\"_ _6\"></span>terioros Durante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>amortiza <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _11\"></span>material <span class=\"_ _10\"></span>siguiend<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>lineal, distribuyend<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>activos entre <span class=\"_ _e\"></span>los a\u00f1os <span class=\"_ _e\"></span>de vida <span class=\"_ _e\"></span>\u00fatil <span class=\"_ _1\"></span>estimada, de <span class=\"_ _e\"></span>acuerdo con <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>siguiente <span class=\"_ _1\"></span>detalle:<span class=\"_ _33\"> </span>A\u00f1o 2024 Porcentaje A\u00f1os de Vida Amortizaci\u00f3n \u00datil Estimada Construcciones 2%<span class=\"ls0_1\">-</span>3%<span class=\"ls0_1\"> </span>33<span class=\"ls0_1\">-</span>50<span class=\"ls0_1\"> </span>Instalaciones t\u00e9cnicas Plantas de generaci\u00f3n con biomasa 4%<span class=\"ls0_1\"> </span>25<span class=\"ls0_1\"> </span>Otras instalaciones 5%<span class=\"ls0_1\">-8,3% </span>8-<span class=\"ls9\">20</span> Maquinaria 5%<span class=\"ls0_1\">-12,5% </span>8-<span class=\"ls9\">20</span> Utillaje y mobiliario 8,3%-12,5% 8-<span class=\"ls9\">12</span> Equipos procesos de informaci\u00f3n 20%<span class=\"ls0_1\"> </span>5 Elementos transporte 10%<span class=\"ls0_1\"> </span>10<span class=\"ls0_1\"> </span>Otro inmovilizado material 10%<span class=\"ls0_1\"> </span>10<span class=\"ls0_1\"> </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>revisa <span class=\"_ _15\"></span>peri\u00f3dicamen<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>residu<span class=\"_ _6\"></span>al, <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>m\u00e9todo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>amortizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>inmovilizado material. <span class=\"_ _10\"></span>Las<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>modificaciones <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>criterios <span class=\"_ _0\"></span>inicialmente <span class=\"_ _0\"></span>esta<span class=\"_ _6\"></span>blecidos <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>reconoc<span class=\"_ _6\"></span>en <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>de estimaci\u00f3n.<span class=\"_ _33\"> </span>Los <span class=\"_ _18\"> </span>terrenos <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>registran <span class=\"_ _18\"> </span>de  forma <span class=\"_ _18\"> </span>independiente <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>edificios <span class=\"_ _18\"> </span>o <span class=\"_ _18\"> </span>instalaciones <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>puedan <span class=\"_ _18\"> </span>estar asentadas sob<span class=\"_ _6\"></span>re los mismos y se entiende que tienen una vida <span class=\"_ _6\"></span>\u00fatil indefinida y, por tanto, no son objeto de amortizaci\u00f3n.<span class=\"_ _6\"></span> Con <span class=\"_ _17\"> </span>car\u00e1cter <span class=\"_ _1c\"> </span>general, <span class=\"_ _17\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>edificaciones <span class=\"_ _1c\"> </span>construidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>terrenos <span class=\"_ _17\"> </span>cedi<span class=\"_ _6\"></span>dos <span class=\"_ _1c\"> </span>en <span class=\"_ _17\"> </span>r\u00e9gimen concesional <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la cuenta <span class=\"_ _6\"></span>\u201c<span class=\"_ _6\"></span>Construcciones\u201d<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Dicho <span class=\"_ _6\"></span>coste, <span class=\"_ _6\"></span>junto <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>resto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>insta<span class=\"_ _6\"></span>laciones fijas <span class=\"_ _15\"></span>ubicadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>terrenos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>concesion<span class=\"_ _6\"></span>ados <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>a<span class=\"_ _6\"></span>mortiza <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>ida <span class=\"_ _15\"></span>\u00fatil, <span class=\"_ _15\"></span>estableci\u00e9ndose <span class=\"_ _15\"></span>como l\u00edmite el periodo restante d<span class=\"_ _6\"></span>e vigencia de la concesi\u00f3n<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span> En <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>Renov<span class=\"_ _6\"></span>ables, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>regulaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estab<span class=\"_ _6\"></span>lece <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>regulatoria <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>operativos <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>depende de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>tecnolog\u00eda,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>siendo <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>actualmente <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>blecida <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>25 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>biomasa. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>vida regulatoria <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>period<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>duran<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>la cual <span class=\"_ _e\"></span>la instalaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>va <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>tener <span class=\"_ _e\"></span>derecho a <span class=\"_ _e\"></span>pertenec<span class=\"_ _6\"></span>er <span class=\"_ _e\"></span>al r\u00e9gimen <span class=\"_ _1\"></span>retributivo establecido <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>normativa <span class=\"_ _11\"> </span>energ\u00e9tica <span class=\"_ _11\"> </span>y, <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>tanto, <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>obtener <span class=\"_ _11\"></span>los <span class=\"_ _11\"></span>beneficios <span class=\"_ _11\"></span>econ\u00f3micos <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>apliquen (retribuciones <span class=\"_ _6\"></span>a la <span class=\"_ _6\"></span>inversi\u00f3n <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>la op<span class=\"_ _6\"></span>eraci\u00f3n m<span class=\"_ _6\"></span>ediante el <span class=\"_ _6\"></span>mecanis<span class=\"_ _6\"></span>mo de <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _6\"></span>m\u00edn<span class=\"_ _15\"></span>ima <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>en el <span class=\"_ _15\"></span>mismo). <span class=\"_ _15\"></span>En <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>sentid<span class=\"_ _6\"></span>o, <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>activos <span class=\"_ _15\"></span>vincu<span class=\"_ _6\"></span>lados <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>estas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaciones <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>amortiza<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>considerand<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ida \u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3micos positivos<span class=\"_ _6\"></span> m\u00e1s all\u00e1 de su vida <span class=\"_ _6\"></span>regulatoria.<span class=\"_ _33\"> </span>Las s<span class=\"_ _6\"></span>ociedades del <span class=\"_ _6\"></span>Grupo ev<span class=\"_ _6\"></span>al\u00faan peri\u00f3dicamente, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>al menos <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cierre de cada <span class=\"_ _6\"></span>ejercicio, <span class=\"_ _6\"></span>si existen <span class=\"_ _6\"></span>indicios de <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>alg\u00fan <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>conjunto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>del in<span class=\"_ _6\"></span>movilizado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>jeto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>proceder <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>caso<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>tal como <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>indica <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>apartado <span class=\"_ _15\"></span>3.5 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>presente <span class=\"_ _15\"></span>nota<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>deterioro <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>reversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>mis<span class=\"_ _6\"></span>mo <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _15\"></span>ajustar <span class=\"_ _15\"></span>su valor <span class=\"_ _11\"></span>neto <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>recuperable, <span class=\"_ _11\"> </span>sin <span class=\"_ _11\"></span>superar <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>ning\u00fan <span class=\"_ _11\"></span>caso <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>reversiones <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>deterioros previos <span class=\"_ _12\"> </span>realizados. <span class=\"_ _12\"> </span>Los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>deterioros <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>reconocen, <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>cargo <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>ep\u00edgra<span class=\"_ _6\"></span>fe <span class=\"_ _11\"> </span>\u201c<span class=\"_ _6\"></span>Deter<span class=\"_ _15\"></span><span class=\"ff4\">ioros <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>y </span>resultados p<span class=\"_ _6\"></span>or enajenaci\u00f3n de inmovilizado<span class=\"_ _6\"></span>\u201d.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span><span class=\"ff4\"> </span>3.4<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Activos biol\u00f3<span class=\"_ _1\"></span>gicos </span>El <span class=\"_ _15\"></span>Grupo <span class=\"_ _10\"></span>cultiva <span class=\"_ _10\"></span>diversas <span class=\"_ _10\"></span>especies <span class=\"_ _10\"></span>forestales, <span class=\"_ _15\"></span>prin<span class=\"_ _6\"></span>cipalmente <span class=\"_ _15\"></span>eucalip<span class=\"_ _6\"></span>tos <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>esp<span class=\"_ _6\"></span>ecies <span class=\"_ _10\"></span>Globulus <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>Nitens<span class=\"_ _6\"></span>, utilizadas como <span class=\"_ _e\"></span>materia prima <span class=\"_ _e\"></span>en los <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>cesos productivos <span class=\"_ _e\"></span>de ENCE, <span class=\"_ _e\"></span>o bien, <span class=\"_ _e\"></span>para su <span class=\"_ _e\"></span>venta a <span class=\"_ _e\"></span>terceros. <span class=\"_ _1\"></span>En e<span class=\"_ _1\"></span>ste sentido, <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>consideran <span class=\"_ _15\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>iol\u00f3gicos <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>vuelos <span class=\"_ _15\"></span>forestales. <span class=\"_ _15\"></span>Los <span class=\"_ _15\"></span>suelos <span class=\"_ _15\"></span>forestales<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>valoran<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>acuerdo con <span class=\"_ _e\"></span>la NIC <span class=\"_ _a\"></span>16<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>\u201cPropiedad<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>plan<span class=\"_ _6\"></span>ta <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>equipo\u201d y <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>regist<span class=\"_ _6\"></span><span class=\"ff4\">ran <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>icho <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Si<span class=\"_ _6\"></span>tuaci\u00f3n <span class=\"_ _1\"></span>Financiera </span>consolidado (v<span class=\"_ _6\"></span>\u00e9ase Nota 3.3).<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>valora <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>activos <span class=\"_ _10\"></span>biol\u00f3gicos <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>producci\u00f3n, <span class=\"_ _0\"></span>deducidos <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>agotamiento forestal as\u00ed como, en s<span class=\"_ _6\"></span>u caso, las p<span class=\"_ _6\"></span>\u00e9rdidas por deterioro de v<span class=\"_ _6\"></span>alor. <span class=\"_ _6\"></span> La <span class=\"_ _15\"></span>inversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>patrimonio<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>forestal <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>valora <span class=\"_ _10\"></span>imputa<span class=\"_ _6\"></span>ndo <span class=\"_ _15\"></span>to<span class=\"_ _6\"></span>dos <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>costes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>directamente <span class=\"_ _10\"></span>incurridos <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la adquisici\u00f3n y <span class=\"_ _1\"></span>desarrollo de <span class=\"_ _e\"></span>\u00e9ste; alquileres, <span class=\"_ _1\"></span>limpieza y <span class=\"_ _e\"></span>preparaci\u00f3<span class=\"_ _6\"></span>n de <span class=\"_ _e\"></span>terrenos<span class=\"_ _6\"></span>, plantaciones, <span class=\"_ _1\"></span>fertilizaciones, cuidado <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>servaci\u00f3n, <span class=\"_ _0\"></span>etc. <span class=\"_ _0\"></span>Asimismo<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>tratarse <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>necesitan <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>estar <span class=\"_ _0\"></span>en condiciones <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>uso<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>incorporan <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>mayo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financieros <span class=\"_ _15\"></span>devengados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>has<span class=\"_ _6\"></span>ta <span class=\"_ _6\"></span>el momento <span class=\"_ _18\"> </span>de  la <span class=\"_ _18\"> </span>corta,  po<span class=\"_ _6\"></span>r  l<span class=\"_ _6\"></span>a  p<span class=\"_ _6\"></span>arte  de <span class=\"_ _18\"> </span>la  inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _18\"> </span>que  s<span class=\"_ _6\"></span>e  cons<span class=\"_ _6\"></span>idera  finan<span class=\"_ _6\"></span>ciada <span class=\"_ _18\"> </span>con <span class=\"_ _18\"> </span>rec<span class=\"_ _6\"></span>urs<span class=\"_ _6\"></span>os  aj<span class=\"_ _6\"></span>enos (actualmente <span class=\"_ _15\"></span>poco <span class=\"_ _10\"></span>representativ<span class=\"_ _6\"></span>a). <span class=\"_ _15\"></span>La <span class=\"_ _10\"></span>tasa <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inter\u00e9s <span class=\"_ _10\"></span>utilizada <span class=\"_ _15\"></span>es <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>tasa <span class=\"_ _15\"></span>media <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>Grupo (v\u00e9ase Nota 28).  Los sumideros <span class=\"_ _e\"></span>de carbono <span class=\"_ _e\"></span>acreditados como <span class=\"_ _e\"></span>consecuencia de <span class=\"_ _e\"></span>la<span class=\"_ _6\"></span> ge<span class=\"_ _1\"></span>sti\u00f3n forestal <span class=\"_ _e\"></span>sostenible y <span class=\"_ _e\"></span>la conservaci\u00f3n de <span class=\"_ _15\"></span>ecosistemas <span class=\"_ _10\"></span>son <span class=\"_ _10\"></span>considerados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>un <span class=\"_ _10\"></span>producto <span class=\"_ _15\"></span>complement<span class=\"_ _6\"></span>ario <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>gesti\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>patrimo<span class=\"_ _6\"></span>nio <span class=\"_ _10\"></span>forestal, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>se valoran, <span class=\"_ _1\"></span>cuando <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>acredita<span class=\"_ _6\"></span>n, <span class=\"_ _e\"></span>por <span class=\"_ _1\"></span>su <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>razo<span class=\"_ _6\"></span>nable, <span class=\"_ _e\"></span>con <span class=\"ff6\">cargo <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>\u201cE<span class=\"_ _6\"></span>xistencias\u201d <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>abono <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>ep\u00edgrafe <span class=\"_ _e\"></span>\u201cOtro<span class=\"_ _6\"></span>s </span>pasivos <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>corrientes<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _6\"></span><span class=\"ff6\">ingresos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>istribuir <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>varios <span class=\"_ _6\"></span>ejercicios\u201d. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>venta, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>cancela <span class=\"_ _6\"></span>el </span>pasivo p<span class=\"_ _6\"></span>reviamente reconocido.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>tiempo <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>transcurre <span class=\"_ _0\"></span>desde <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>lleva <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>cabo <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lantaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>eucaliptal <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>pen\u00ednsula <span class=\"_ _0\"></span>ib\u00e9rica hasta <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _a\"></span>econ<span class=\"_ _6\"></span>\u00f3micamente <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>recomendable <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>destoconad<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>posterior <span class=\"_ _e\"></span>replan<span class=\"_ _6\"></span>taci\u00f3n <span class=\"_ _e\"></span>es <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>ariable <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>fun<span class=\"_ _6\"></span>ci\u00f3n<span class=\"_ _33\"> </span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>especie. <span class=\"_ _6\"></span>As\u00ed, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>especie <span class=\"_ _6\"></span>Globulus<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>per\u00edodo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>aproximadam<span class=\"_ _6\"></span>ente 3<span class=\"_ _6\"></span>5<span class=\"_ _15\"></span>-40 <span class=\"_ _6\"></span>a\u00f1os <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u00e1rbol rebrota <span class=\"_ _0\"></span>tras <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>corta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _0\"></span>eficiente <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>menos <span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>eces <span class=\"_ _0\"></span>tras <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>aprovechamiento. <span class=\"_ _0\"></span>En<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>sentido, <span class=\"_ _0\"></span>los costes <span class=\"_ _0\"></span>incurridos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>acti<span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>biol\u00f3gicos <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>agrup<span class=\"_ _6\"></span>an <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>dos <span class=\"_ _0\"></span>categor\u00edas; <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>ciclo, categor\u00eda  que  incluy<span class=\"_ _6\"></span>e  los  co<span class=\"_ _6\"></span>stes  incurrid<span class=\"_ _6\"></span>os,  principalmente  aso<span class=\"_ _6\"></span>ciados  al  p<span class=\"_ _6\"></span>roceso  de  plantaci\u00f3n<span class=\"_ _6\"></span>  y  que contribuir\u00e1n al <span class=\"_ _e\"></span>desarro<span class=\"_ _6\"></span>llo <span class=\"_ _1\"></span>del activo <span class=\"_ _e\"></span>biol\u00f3gico durante <span class=\"_ _e\"></span>el ciclo <span class=\"_ _1\"></span>completo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e 35-40 a\u00f1os, <span class=\"_ _e\"></span>y costes de <span class=\"_ _e\"></span>turno que son <span class=\"_ _6\"></span>aquellos qu<span class=\"_ _6\"></span>e contribuyen al <span class=\"_ _6\"></span>desarrollo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los activos <span class=\"_ _6\"></span>biol\u00f3gicos en <span class=\"_ _6\"></span>el turn<span class=\"_ _6\"></span>o en qu<span class=\"_ _6\"></span>e se encuentra<span class=\"_ _6\"></span>n has<span class=\"_ _6\"></span>ta el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>aprovechamiento<span class=\"_ _6\"></span>-corta. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>especie <span class=\"_ _0\"></span>Nitens <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>periodos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>turno <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ciclo coinciden <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>rango <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>11<span class=\"_ _6\"></span>-15 <span class=\"_ _11\"></span>a\u00f1os, <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>produ<span class=\"_ _6\"></span>cirse <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>rebro<span class=\"_ _6\"></span>te <span class=\"_ _0\"></span>eficiente, <span class=\"_ _11\"> </span>por <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>todos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>costes considerados en<span class=\"_ _6\"></span> su desarrollo son co<span class=\"_ _6\"></span>nsiderados costes<span class=\"_ _6\"></span> de turno. <span class=\"_ _6\"></span> En e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>momento <span class=\"_ _e\"></span>de la <span class=\"_ _e\"></span>recolec<span class=\"_ _6\"></span>ci\u00f3n del <span class=\"_ _e\"></span>vuelo forestal <span class=\"_ _e\"></span>se reduce <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>activo a <span class=\"_ _e\"></span>trav\u00e9s de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _1\"></span>\u201cActivos biol\u00f3gicos <span class=\"_ _15\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _15\"></span><span class=\"ff6\">agotamiento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>reserva <span class=\"_ _15\"></span>forestal\u201d <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ce <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>gasto <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cAgotamiento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la </span>reserva forestal\u201d del Estado <span class=\"_ _1\"></span>de Result<span class=\"ff4\">ado consolidado por el coste incurrido en<span class=\"_ _1\"></span> su producci\u00f3n. La <span class=\"_ _1\"></span>cuant\u00eda de </span>dicha <span class=\"_ _e\"></span>redu<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>corresponde <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>100% <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los costes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>turn<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>incurrid<span class=\"_ _6\"></span>os, <span class=\"_ _e\"></span>as\u00ed <span class=\"_ _1\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>parte <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>roporcional de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>costes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ciclo, <span class=\"_ _15\"></span>estimada <span class=\"_ _15\"></span>considerando <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>n\u00famero <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>turnos <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>revistos <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ciclo. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _15\"></span>cuando el <span class=\"_ _0\"></span>vuelo <span class=\"_ _11\"></span>forestal <span class=\"_ _0\"></span>llega <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>final <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>ciclo <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>ductivo <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>baja <span class=\"_ _11\"> </span>\u00edntegramente <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>val<span class=\"_ _6\"></span>or <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>su agotamiento forestal acumula<span class=\"_ _6\"></span>do.<span class=\"_ _6\"></span> No existe un mercado a<span class=\"_ _6\"></span>ctivo del Eucalipto en E<span class=\"_ _6\"></span>spa\u00f1a, y las caracter\u00edsticas de las<span class=\"_ _6\"></span> transacciones que s<span class=\"_ _6\"></span>e llevan a  cabo  no <span class=\"_ _12\"> </span>h<span class=\"_ _6\"></span>an  permitido  hasta  la<span class=\"_ _1\"></span>  fecha  identificar  ref<span class=\"_ _1\"></span>erencias  de  precio  de  mercado  v\u00e1lidas  para <span class=\"_ _12\"> </span>su extrapolaci\u00f3n <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>patrimonio <span class=\"_ _15\"></span>forestal <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE. <span class=\"_ _15\"></span>Por <span class=\"_ _6\"></span>otra <span class=\"_ _6\"></span>parte, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>aplicaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>m\u00e9todos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>alternativos <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue plantea <span class=\"_ _12\"> </span>NIIF  13 <span class=\"_ _11\"> </span>para  determ<span class=\"_ _1\"></span>inar <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>valo<span class=\"_ _6\"></span>r <span class=\"_ _12\"> </span>razonable, <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>ha <span class=\"_ _12\"> </span>permitido  cuantificar <span class=\"_ _11\"> </span>con  fiabilidad <span class=\"_ _11\"> </span>el  valor<span class=\"_ _1\"></span> razonable <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>biol\u00f3gicos, <span class=\"_ _11\"></span>debido <span class=\"_ _0\"></span>entre <span class=\"_ _11\"></span>otros <span class=\"_ _0\"></span>factores, <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _11\"></span>asunciones <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>estim<span class=\"_ _6\"></span>aciones <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>se deben llevar a <span class=\"_ _6\"></span>cabo y al impac<span class=\"_ _6\"></span>to que las<span class=\"_ _6\"></span> mismas tien<span class=\"_ _6\"></span>en en los<span class=\"_ _6\"></span> resultados d<span class=\"_ _6\"></span>e la cuantificac<span class=\"_ _6\"></span>i\u00f3n. Por todo ello,<span class=\"_ _6\"></span> el Grupo no valo<span class=\"_ _6\"></span>ra sus activos biol\u00f3<span class=\"_ _6\"></span>gicos a valor ra<span class=\"_ _6\"></span>zonable.<span class=\"_ _6\"></span> ENCE ha desarrollado un modelo de valoraci\u00f3n de su patrimonio forestal a partir del <span class=\"_ _1\"></span>descuento de los flujos futuros <span class=\"_ _10\"></span>previstos, <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _10\"></span>considerad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>lo <span class=\"_ _15\"></span>suficientemente <span class=\"_ _15\"></span>fiabl<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>ser <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>tilizado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>valoraci\u00f3n <span class=\"_ _10\"></span>a valor razonable <span class=\"_ _1\"></span>de los<span class=\"_ _1\"></span> activos <span class=\"_ _e\"></span>biol\u00f3gico<span class=\"_ _6\"></span>s, si <span class=\"_ _e\"></span>b<span class=\"_ _6\"></span>ien, su <span class=\"_ _e\"></span>utilizaci\u00f3n consistente en <span class=\"_ _e\"></span>el tiempo <span class=\"_ _1\"></span>s\u00ed <span class=\"_ _1\"></span>permite <span class=\"_ _1\"></span>identificar<span class=\"_ _6\"></span> rangos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>tendencias<span class=\"_ _6\"></span> qu<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>e tienen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>consideraci\u00f3n <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>evalu<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>existencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>posibles <span class=\"_ _10\"></span>ind<span class=\"_ _6\"></span>icios <span class=\"_ _6\"></span>de deterioro de valor en los<span class=\"_ _6\"></span> activos b<span class=\"_ _6\"></span>iol\u00f3gicos.<span class=\"_ _33\"> </span>El <span class=\"_ _17\"> </span>valor <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>libros <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>activos <span class=\"_ _17\"> </span>biol\u00f3gicos <span class=\"_ _17\"> </span>recogido<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>las <span class=\"_ _17\"> </span>cuentas <span class=\"_ _17\"> </span>an<span class=\"_ _6\"></span>uales <span class=\"_ _17\"> </span>consolidadas <span class=\"_ _1c\"> </span>de <span class=\"_ _1e\"> </span>ENCE correspondientes <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>ejercicio <span class=\"_ _0\"></span>2024 <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>difiere <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ignificativa <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>razo<span class=\"_ _6\"></span>nable <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>resultar\u00eda <span class=\"_ _0\"></span>del ejercicio de valoraci\u00f3n realizado a partir del descuento de flujos futuros previstos, siguiendo la metodolog\u00eda descrita en la Nota<span class=\"_ _6\"></span> 3.5, y co<span class=\"_ _6\"></span>nsid<span class=\"_ _6\"></span>erando precios d<span class=\"_ _6\"></span>e venta d<span class=\"_ _6\"></span>e la madera a<span class=\"_ _15\"></span>lineado<span class=\"_ _6\"></span>s con los p<span class=\"_ _6\"></span>recios actuales d<span class=\"_ _6\"></span>e venta en <span class=\"_ _6\"></span>el cas<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>madera q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>tiene como <span class=\"_ _6\"></span>destino <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>venta <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>terceros, y <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>precio<span class=\"_ _15\"></span>s d<span class=\"_ _6\"></span>e compra <span class=\"_ _6\"></span>de las plantas d<span class=\"_ _6\"></span>e producci\u00f3n de celulosa en el cas<span class=\"_ _6\"></span>o de madera del pat<span class=\"_ _6\"></span>rimonio forestal con ese des<span class=\"_ _6\"></span>tino.<span class=\"_ _15\"></span> 3.5<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Deterioro de valo<span class=\"_ _1\"></span>r de activo<span class=\"_ _1\"></span>s no financieros </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>ENCE <span class=\"_ _6\"></span>revisa, <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>ejercicio, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sus <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>financieros, entre los <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se incluy<span class=\"_ _6\"></span>en los <span class=\"_ _6\"></span>activos<span class=\"_ _6\"></span> materiales, <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos po<span class=\"_ _6\"></span>r derecho <span class=\"_ _6\"></span>de us<span class=\"_ _6\"></span>o, el <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>de comercio <span class=\"_ _6\"></span>junto a <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>inta<span class=\"_ _6\"></span>ngibles, <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span><span class=\"ff6\">activos <span class=\"_ _10\"></span>biol\u00f3gicos, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>\u201cInversiones <span class=\"_ _10\"></span>contabilizadas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>m\u00e9todo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la </span>participaci\u00f3n\u201d <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>determinar <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _15\"></span>existe <span class=\"_ _15\"></span>alg\u00fan <span class=\"_ _15\"></span>indicio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>dichos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>hayan <span class=\"_ _15\"></span>sufrido <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _15\"></span>p\u00e9rdida <span class=\"_ _15\"></span>por deterioro, y <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or tanto <span class=\"_ _e\"></span>el valor <span class=\"_ _1\"></span>que se <span class=\"_ _e\"></span>esp<span class=\"_ _6\"></span>era recuperar <span class=\"_ _e\"></span>de su uso <span class=\"_ _e\"></span>o dispos<span class=\"_ _6\"></span>ici\u00f3n es <span class=\"_ _1\"></span>inferior <span class=\"_ _1\"></span>a su <span class=\"_ _1\"></span>valor e<span class=\"_ _1\"></span>n libros.<span class=\"_ _33\"> </span><span class=\"_ _1\"></span>  ENCE <span class=\"_ _18\"> </span>utiliza<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>tanto <span class=\"_ _1e\"> </span>fuentes <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>informaci\u00f3n <span class=\"_ _18\"> </span>internas<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>co<span class=\"_ _6\"></span>mo <span class=\"_ _18\"> </span>externas <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _18\"> </span>evaluar <span class=\"_ _1e\"> </span>posibles <span class=\"_ _18\"> </span>in<span class=\"_ _6\"></span>dicios <span class=\"_ _18\"> </span>de deterioro. <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>ntre <span class=\"_ _1a\"> </span>las  f<span class=\"_ _1\"></span>uentes <span class=\"_ _12\"> </span>externas<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>cons<span class=\"_ _6\"></span>ideran  di<span class=\"_ _1\"></span>sminuciones  del <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>de  mercado <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>siderando transacciones comparables, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>evoluci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>a futuro <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>celulosa <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _1\"></span>renovab<span class=\"_ _6\"></span>le, <span class=\"_ _e\"></span>posibles cambios <span class=\"_ _6\"></span>futu<span class=\"_ _6\"></span>ros <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>versos <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>entorno <span class=\"_ _15\"></span>legal, <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>con\u00f3mico <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tecno<span class=\"_ _6\"></span>l\u00f3gico <span class=\"_ _6\"></span>que<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>pud<span class=\"_ _6\"></span>ieran <span class=\"_ _6\"></span>pon<span class=\"_ _6\"></span>er <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>manifiesto una <span class=\"_ _11\"></span>p\u00e9rdida <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>valor <span class=\"_ _11\"> </span>recuperable <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _11\"> </span>activos, <span class=\"_ _11\"></span>mermas <span class=\"_ _0\"></span>sob<span class=\"_ _6\"></span>revenidas <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>producci\u00f3n <span class=\"_ _11\"></span>esperada <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>u<span class=\"_ _15\"></span><span class=\"ls14\">e<span class=\"_ _33\"> </span></span>persistan en el tiem<span class=\"_ _1\"></span>po, o la ev<span class=\"_ _1\"></span>oluci\u00f3n de variables macroecon\u00f3micas somo la inflaci\u00f3n <span class=\"_ _1\"></span>y los tipos <span class=\"_ _1\"></span>de inter\u00e9s. Por su parte, internamente s<span class=\"_ _6\"></span>e eval\u00faa si se ha produ<span class=\"_ _6\"></span>cido un deterioro f\u00edsico u obs<span class=\"_ _6\"></span>olescencia de los activ<span class=\"_ _6\"></span>os, o si el rendimiento del activo es<span class=\"_ _6\"></span> peor<span class=\"_ _6\"></span> de lo esperado<span class=\"_ _6\"></span>. En <span class=\"_ _12\"> </span>caso <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>existir <span class=\"_ _12\"> </span>indicios <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>deterioro,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>ll<span class=\"_ _6\"></span>eva <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cabo <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>na <span class=\"_ _12\"> </span>estimaci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>importe <span class=\"_ _12\"> </span>recuperable, <span class=\"_ _12\"> </span>para<span class=\"_ _6\"></span> determinar, en <span class=\"_ _e\"></span>su caso, <span class=\"_ _e\"></span>el importe <span class=\"_ _e\"></span>del deterioro. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _1\"></span>importe recuperable <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>mayor <span class=\"_ _1\"></span>entre el <span class=\"_ _e\"></span>valor razonable minorado p<span class=\"_ _6\"></span>or el <span class=\"_ _6\"></span>coste de su <span class=\"_ _6\"></span>venta y<span class=\"_ _6\"></span> el valo<span class=\"_ _6\"></span><span class=\"ff6\">r <span class=\"_ _6\"></span>\u201cen us<span class=\"_ _6\"></span>o\u201d. En el caso<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los fondos <span class=\"_ _6\"></span>de comercio <span class=\"_ _6\"></span>ENCE realiza <span class=\"_ _6\"></span>de </span>forma sistem\u00e1tica el an<span class=\"_ _6\"></span>\u00e1lisis de recuperabilidad al m<span class=\"_ _6\"></span>enos anualmente.<span class=\"_ _15\"></span> Los <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>\u201cen <span class=\"_ _15\"></span>uso\u201d se <span class=\"_ _6\"></span>determinan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>Unidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Generadora <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Efectivo <span class=\"_ _6\"></span>(UGE). <span class=\"_ _6\"></span>El <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>comercio adquirido en una <span class=\"_ _6\"></span>combinaci\u00f3n de negocios se distrib<span class=\"_ _6\"></span>uye entre cada una de las UGE que se benefician de las sinergias <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>combin<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>negoc<span class=\"_ _6\"></span>ios. <span class=\"_ _15\"></span>Con <span class=\"_ _15\"></span>ca<span class=\"_ _6\"></span>r\u00e1ct<span class=\"_ _6\"></span>er <span class=\"_ _15\"></span>general, <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>una <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaci<span class=\"_ _6\"></span>ones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el Grupo desarrolla s<span class=\"_ _6\"></span>u actividad es una <span class=\"_ _6\"></span>UGE.<span class=\"_ _33\"> </span>Para determinar el valor en u<span class=\"_ _6\"></span>so de los a<span class=\"_ _6\"></span>ctivos sometidos a test d<span class=\"_ _6\"></span>e deterioro, se estima el <span class=\"_ _6\"></span>valor actual d<span class=\"_ _6\"></span>e los flujos <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>etos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>caja <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>riginados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>UGE <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>aso<span class=\"_ _6\"></span>cian <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mismos, <span class=\"_ _15\"></span>exceptuan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>aq<span class=\"_ _6\"></span>uellos <span class=\"_ _6\"></span>flujos relacionados <span class=\"_ _11\"> </span>con <span class=\"_ _11\"> </span>pago<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>o <span class=\"_ _11\"> </span>cobros <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>oper<span class=\"_ _6\"></span>aciones <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>pago<span class=\"_ _6\"></span>s <span class=\"_ _11\"></span>por <span class=\"_ _11\"></span>el <span class=\"_ _11\"></span>impuesto <span class=\"_ _11\"></span>sobre <span class=\"_ _11\"> </span>los beneficios, as\u00ed como aqu<span class=\"_ _6\"></span>\u00e9llos que se deriven d<span class=\"_ _6\"></span>e mejoras o reformas futura<span class=\"_ _6\"></span>s previstas<span class=\"_ _6\"></span> para los activ<span class=\"_ _6\"></span>os de las citadas un<span class=\"_ _6\"></span>idades generadoras d<span class=\"_ _6\"></span>e efectivo.  Los <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>caja <span class=\"_ _15\"></span>estimados <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>obtienen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>yecciones <span class=\"_ _6\"></span>realizadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Direcci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cad<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> UGE, que en ge<span class=\"_ _1\"></span>neral utilizan periodos de 3-5 a\u00f1os, excepto cuando las caracter\u00edsticas del negocio <span class=\"_ _1\"></span>aconsejan periodos <span class=\"_ _15\"></span>superiores. <span class=\"_ _6\"></span>Las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tasas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>crecim<span class=\"_ _6\"></span>iento <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>var<span class=\"_ _6\"></span>iaciones <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>precios <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>costes <span class=\"_ _6\"></span>directos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>bas<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los compromisos contractuales <span class=\"_ _e\"></span>firmes, la <span class=\"_ _e\"></span>informaci\u00f3n p\u00fablica <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>isponible, as\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>previsiones sectoriales<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>experiencia <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>ENCE. <span class=\"_ _e\"></span>Adici<span class=\"_ _6\"></span>onalmente, <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>realizan <span class=\"_ _1\"></span>an\u00e1lisis <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>sens<span class=\"_ _6\"></span>ibilidad<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>relaci\u00f3n <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>crecimientos de <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>gresos, <span class=\"_ _11\"> </span>m\u00e1rgenes <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>explotaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>tasas <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>des<span class=\"_ _6\"></span>cuento, <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>fin <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>prever <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>impacto <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>futu<span class=\"_ _6\"></span>ros cambios en estas<span class=\"_ _6\"></span> variables (v<span class=\"_ _6\"></span>\u00e9ase Nota 19).  En <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>lantas de <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e ener<span class=\"_ _6\"></span>g\u00eda <span class=\"_ _6\"></span>renovable <span class=\"_ _6\"></span>encuadra<span class=\"_ _6\"></span>das <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ENCE<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Renovables, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>que se <span class=\"_ _e\"></span>puede <span class=\"_ _e\"></span>prever <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>cierto <span class=\"_ _e\"></span>gra<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>fiab<span class=\"_ _6\"></span>ilidad <span class=\"_ _e\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>flujos <span class=\"_ _e\"></span>tanto <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>fase <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>cons<span class=\"_ _6\"></span>trucci\u00f3n <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>explotaci\u00f3n (activos <span class=\"_ _18\"> </span>con  producci\u00f3n <span class=\"_ _18\"> </span>estable,  amplias<span class=\"_ _6\"></span>  s<span class=\"_ _6\"></span>eries  hist\u00f3<span class=\"_ _6\"></span>ricas  en <span class=\"_ _18\"> </span>la  informaci\u00f3n <span class=\"_ _18\"> </span>de  mercado <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>costes  de explotaci\u00f3n con<span class=\"_ _6\"></span> po<span class=\"_ _6\"></span>ca volat<span class=\"_ _6\"></span>ilidad), s<span class=\"_ _6\"></span>e realiza <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>proyecci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los flujo<span class=\"_ _6\"></span>s de <span class=\"_ _6\"></span>caj<span class=\"_ _15\"></span>a esp<span class=\"_ _6\"></span>erados <span class=\"_ _6\"></span>hasta<span class=\"_ _6\"></span> el <span class=\"_ _6\"></span>final de la vida <span class=\"_ _1\"></span>\u00fatil regulatoria <span class=\"_ _1\"></span>de cada planta, <span class=\"_ _1\"></span>y el <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r residual <span class=\"_ _1\"></span>no es significativo. <span class=\"_ _1\"></span>Por su <span class=\"_ _1\"></span>parte, las <span class=\"_ _1\"></span>proyecciones de flujos de caja esperados en ac<span class=\"_ _e\"></span>tiv<span class=\"_ _6\"></span>os biol\u00f3gicos abarcan un ciclo productivo que <span class=\"_ _1\"></span>puede alcanzar hasta 40 <span class=\"_ _1\"></span>a\u00f1os e <span class=\"ls0_1\">igualmente no s<span class=\"_ _6\"></span>e considera v<span class=\"_ _6\"></span>alor residual.<span class=\"_ _6\"></span> </span>Para <span class=\"_ _6\"></span>actualiz<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>flujos <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>efectivo <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>utiliza <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>tasa <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>descuento <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>incluye <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>evaluacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>actuales<span class=\"_ _6\"></span> del mercado sob<span class=\"_ _6\"></span>re el valor temporal del dinero y<span class=\"_ _6\"></span> los riesgos<span class=\"_ _6\"></span> espec\u00edficos de cada UGE.<span class=\"_ _33\"> </span>Si se <span class=\"_ _6\"></span>estima qu<span class=\"_ _6\"></span>e el importe <span class=\"_ _6\"></span>recuperable d<span class=\"_ _6\"></span>e un <span class=\"_ _6\"></span>activo es in<span class=\"_ _6\"></span>ferior a <span class=\"_ _6\"></span>su valor <span class=\"_ _6\"></span>en libros, \u00e9ste \u00fa<span class=\"_ _6\"></span>ltimo se <span class=\"_ _6\"></span>reduce a su <span class=\"_ _1e\"> </span>importe <span class=\"_ _1e\"> </span>recuperabl<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>reco<span class=\"_ _6\"></span>nociendo <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>minoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1e\"> </span>correspond<span class=\"_ _6\"></span>iente <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>tr<span class=\"_ _6\"></span>av\u00e9s <span class=\"_ _1e\"> </span>del <span class=\"_ _1e\"> </span>ep\u00edgraf<span class=\"_ _6\"></span>e \u201cDeterioros <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>resultados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>enajenaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inmovilizado\u201d <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Resultad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span><span class=\"ff4\">consolidad<span class=\"_ _6\"></span>o<span class=\"ls16\">. </span></span>Las p\u00e9rdidas<span class=\"_ _6\"></span> por deterioro son rev<span class=\"_ _6\"></span>ersibles, excepto las corres<span class=\"_ _6\"></span>pondientes a lo<span class=\"_ _6\"></span>s fondos de comercio.<span class=\"_ _15\"></span> Cuando <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _10\"></span>revierte <span class=\"_ _0\"></span>posteriormente, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>i<span class=\"_ _6\"></span>mporte <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>libros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>UGE <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>incrementa <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la estimaci\u00f3n revisada de su importe recuperable, pero de tal modo que <span class=\"_ _1\"></span>el importe en libros incrementado no supere <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>importe <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>libros <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>habr\u00eda <span class=\"_ _11\"></span>determinad<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>no <span class=\"_ _11\"> </span>haberse <span class=\"_ _11\"> </span>reconocido <span class=\"_ _11\"> </span>ninguna <span class=\"_ _11\"> </span>p\u00e9rdid<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>por<span class=\"_ _1\"></span> deterioro de valor par<span class=\"_ _6\"></span>a la UGE en ejercicios a<span class=\"_ _6\"></span>nteriores.<span class=\"_ _33\"> </span>3.6<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Arrendamientos </span>ENCE <span class=\"_ _15\"></span>act\u00faa <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>arrendat<span class=\"_ _6\"></span>ario <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>cesionario <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>eterminados <span class=\"_ _15\"></span>activos, <span class=\"_ _15\"></span>principa<span class=\"_ _6\"></span>lmente <span class=\"_ _15\"></span>suelo <span class=\"_ _15\"></span>industrial <span class=\"_ _15\"></span>y forestal, <span class=\"_ _10\"></span>equipamiento <span class=\"_ _10\"></span>industrial <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>veh\u00edculos<span class=\"_ _6\"></span>. <span class=\"_ _15\"></span>Un <span class=\"_ _10\"></span>contrato <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>tiene <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>arrendamiento, <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>ando <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>tiene <span class=\"_ _10\"></span>el derecho a dirigir el uso d<span class=\"_ _6\"></span>e un activo p<span class=\"_ _6\"></span>or un pe<span class=\"_ _6\"></span>riodo de tiemp<span class=\"_ _6\"></span>o a cambio de un<span class=\"_ _6\"></span>a contraprestaci\u00f3n.<span class=\"_ _6\"></span> Los <span class=\"_ _10\"></span>arrendamientos <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>recon<span class=\"_ _6\"></span>ocen <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>icio <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>arrendamie<span class=\"_ _6\"></span>nto, <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>activo <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>derecho <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>so <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el correspondiente pas<span class=\"_ _6\"></span>ivo por el valor pres<span class=\"_ _6\"></span>ente de las cuotas<span class=\"_ _6\"></span> de arrendamiento pendientes<span class=\"_ _6\"></span> de pago. <span class=\"_ _15\"></span> En <span class=\"_ _1c\"> </span>la <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>eterminaci\u00f3n <span class=\"_ _1c\"> </span>del <span class=\"_ _17\"> </span>plazo <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>arrendamiento, <span class=\"_ _1c\"> </span>se <span class=\"_ _17\"> </span>con<span class=\"_ _6\"></span>sidera <span class=\"_ _1c\"> </span>la <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>uraci\u00f3n <span class=\"_ _1c\"> </span>inicial <span class=\"_ _17\"> </span>del <span class=\"_ _1c\"> </span>contrato <span class=\"_ _1c\"> </span>de arrendamiento, as\u00ed como <span class=\"_ _1\"></span>las pr\u00f3rrogas que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e e<span class=\"_ _1\"></span>spera razonablemente que <span class=\"_ _1\"></span>se van <span class=\"_ _1\"></span>a producir <span class=\"_ _1\"></span>y cuyo <span class=\"_ _1\"></span>ejercicio es discrecional para <span class=\"_ _6\"></span>ENCE.  En <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>determinaci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>asivo <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>erecho <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>presente <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>cuotas <span class=\"_ _12\"> </span>de arrendamiento <span class=\"_ _e\"></span>pend<span class=\"_ _6\"></span>ientes <span class=\"_ _e\"></span>de pago, <span class=\"_ _e\"></span>menos <span class=\"_ _1\"></span>cualquier <span class=\"_ _e\"></span>incenti<span class=\"_ _6\"></span>vo <span class=\"_ _1\"></span>recibido <span class=\"_ _e\"></span>por e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>arrendami<span class=\"_ _6\"></span>ento, m<span class=\"_ _1\"></span>\u00e1s <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>pagos variables que dependen <span class=\"_ _e\"></span>de un \u00edndice o <span class=\"_ _e\"></span>tas<span class=\"_ _6\"></span>a, los <span class=\"_ _1\"></span>impo<span class=\"_ _6\"></span>rtes que se <span class=\"_ _1\"></span>espera pagar <span class=\"_ _1\"></span>por garant\u00eda de <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>alor residual, el  precio  de  la <span class=\"_ _12\"> </span>op<span class=\"_ _6\"></span>ci\u00f3n  de  compra  si  se  prev\u00e9  que <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e  ejerci<span class=\"_ _1\"></span>tar\u00e1  y  los  pagos  por  indemnizaciones  por cancelaci\u00f3n  de <span class=\"_ _18\"> </span>contrato,  sie<span class=\"_ _6\"></span>mpre  que  el  p<span class=\"_ _6\"></span>lazo  d<span class=\"_ _6\"></span>e  arrendamiento <span class=\"_ _18\"> </span>refleje  el  ej<span class=\"_ _6\"></span>ercicio  d<span class=\"_ _6\"></span>e  la  opci\u00f3n <span class=\"_ _18\"> </span>d<span class=\"_ _15\"></span><span class=\"ls15\">e </span>cancelaci\u00f3n. <span class=\"_ _6\"></span>Los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>agos <span class=\"_ _6\"></span>variables <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>cluido <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inicial <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>pas<span class=\"_ _6\"></span>ivo, s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reconocen <span class=\"_ _6\"></span>en<span class=\"_ _6\"></span> resultados <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>ejercicio <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>devengo. <span class=\"_ _11\"> </span>La<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>cuotas <span class=\"_ _11\"> </span>son <span class=\"_ _11\"> </span>actualizadas<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>considerando <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>tasa <span class=\"_ _11\"></span>incremental <span class=\"_ _11\"></span>de endeudamiento <span class=\"_ _6\"></span>estimad<span class=\"_ _6\"></span>a, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>tend<span class=\"_ _6\"></span>r\u00eda <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>pagar <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>arrendatario <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>arrendamiento <span class=\"_ _6\"></span>por un pr\u00e9stamo s<span class=\"_ _6\"></span>imilar en cuanto a impo<span class=\"_ _6\"></span>rte, plazo y gara<span class=\"_ _6\"></span>nt\u00edas. <span class=\"_ _6\"></span> Tras <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>reconocim<span class=\"_ _6\"></span>iento <span class=\"_ _10\"></span>inicial, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _10\"></span>valora <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>pasivo <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>arrendamiento <span class=\"_ _10\"></span>increment\u00e1<span class=\"_ _6\"></span>ndolo <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>gasto financiero <span class=\"_ _11\"> </span>devengado, <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>isminuy\u00e9ndolo <span class=\"_ _11\"> </span>po<span class=\"_ _6\"></span>r <span class=\"_ _0\"></span>los <span class=\"_ _11\"> </span>pago<span class=\"_ _6\"></span>s <span class=\"_ _11\"></span>realizados <span class=\"_ _11\"></span>y <span class=\"_ _11\"></span>reestimando <span class=\"_ _11\"></span>el <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _11\"> </span>por <span class=\"_ _11\"></span>las modificaciones del arrend<span class=\"_ _6\"></span>amiento o p<span class=\"_ _6\"></span>ara reflejar las actualizacion<span class=\"_ _6\"></span>es de los pago<span class=\"_ _6\"></span>s fijos.<span class=\"_ _6\"></span> Por su<span class=\"_ _6\"></span> parte, <span class=\"_ _6\"></span>el activ<span class=\"_ _6\"></span>o por <span class=\"_ _6\"></span>el derecho d<span class=\"_ _6\"></span>e uso <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>valora <span class=\"_ _6\"></span>inicialmente al <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>resultante <span class=\"_ _6\"></span>de a<span class=\"_ _6\"></span>\u00f1adir <span class=\"_ _6\"></span>al valo<span class=\"_ _6\"></span>r del pasivo <span class=\"_ _6\"></span>por arrendamiento,<span class=\"_ _6\"></span> los p<span class=\"_ _6\"></span>agos <span class=\"_ _6\"></span>de incentivo<span class=\"_ _6\"></span>s liquidados <span class=\"_ _6\"></span>antes <span class=\"_ _6\"></span>del in<span class=\"_ _6\"></span>icio del <span class=\"_ _6\"></span>arrendamiento, los <span class=\"_ _6\"></span>costes directos <span class=\"_ _1e\"> </span>incurridos <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _18\"> </span>arrendamie<span class=\"_ _6\"></span>nto, <span class=\"_ _1e\"> </span>y <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>caso, <span class=\"_ _18\"> </span>la <span class=\"_ _1e\"> </span>estimaci\u00f3n <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>los <span class=\"_ _1e\"> </span>costes <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>incurrir <span class=\"_ _1e\"> </span>en <span class=\"_ _18\"> </span>el desmantelamiento <span class=\"_ _19\"> </span>del <span class=\"_ _1c\"> </span>act<span class=\"_ _6\"></span>ivo <span class=\"_ _1b\"> </span>(coste <span class=\"_ _19\"> </span>inicial). <span class=\"_ _1b\"> </span>Posteriormente, <span class=\"_ _19\"> </span>se <span class=\"_ _1b\"> </span>registra <span class=\"_ _1b\"> </span>al <span class=\"_ _1b\"> </span>valor <span class=\"_ _1b\"> </span>inicial, <span class=\"_ _1b\"> </span>menos<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span>la amortizaci\u00f3n <span class=\"_ _11\"> </span>acumulada <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>cualq<span class=\"_ _6\"></span>uier <span class=\"_ _11\"> </span>p\u00e9rdida <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>deterior<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>valor <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>acuerdo <span class=\"_ _11\"> </span>con <span class=\"_ _11\"> </span>NIC<span class=\"_ _15\"></span>-<span class=\"lse\">16</span>- <span class=\"_ _11\"> </span><span class=\"ls17\">Pro</span>piedad, planta y equ<span class=\"_ _6\"></span>ipo (v\u00e9anse Notas 3.2 y 3.5). <span class=\"_ _6\"></span> En la determinaci\u00f3n del gasto por amortizaci\u00f3n, los activos por <span class=\"_ _1\"></span>derechos de uso se amortizar\u00e1n linealmente en <span class=\"_ _15\"></span>su <span class=\"_ _10\"></span>vida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _10\"></span>estimada, <span class=\"_ _15\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>bien, <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>arrendami<span class=\"_ _6\"></span>ento, <span class=\"_ _15\"></span>si <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>\u00faltimo <span class=\"_ _10\"></span>es <span class=\"_ _15\"></span>menor. <span class=\"_ _10\"></span>Si <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>nsfiere <span class=\"_ _15\"></span>la propiedad <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>arrendatario <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>pr\u00e1cticam<span class=\"_ _6\"></span>ente <span class=\"_ _6\"></span>cierto <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>arrend<span class=\"_ _6\"></span>atario <span class=\"_ _6\"></span>ejercitar\u00e1 <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>op<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>compra, <span class=\"_ _6\"></span>se amortizar\u00e1 duran<span class=\"_ _6\"></span>te la vida \u00fatil del activo.<span class=\"_ _6\"></span> Los <span class=\"_ _6\"></span>pagos <span class=\"_ _6\"></span>asociados <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>arrendamientos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>corto p<span class=\"_ _6\"></span>lazo (inferiores <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>12 <span class=\"_ _6\"></span>meses) <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>ar<span class=\"_ _6\"></span>rendamientos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>activos de  escaso  v<span class=\"_ _6\"></span>alor  se  reconocen  d<span class=\"_ _6\"></span>irectamente  como  un<span class=\"_ _6\"></span>  gasto<span class=\"_ _6\"></span>  en  resultad<span class=\"_ _6\"></span>os  de  acuerdo  a <span class=\"_ _18\"> </span>su  devengo. Asimismo, las rentas<span class=\"_ _6\"></span> contingentes<span class=\"_ _6\"></span> sujetas a<span class=\"_ _6\"></span> la ocurrenci<span class=\"_ _6\"></span>a de u<span class=\"_ _6\"></span>n evento espec\u00ed<span class=\"_ _6\"></span>fico y las c<span class=\"_ _6\"></span>uotas var<span class=\"_ _6\"></span>iables que dependen de los ingresos o de<span class=\"_ _1\"></span>l uso del activo subyacente, residuales en<span class=\"_ _33\"> </span>los contratos sus<span class=\"_ _1\"></span>critos por ENCE, se registran <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>incurren,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgra<span class=\"_ _6\"></span>fe <span class=\"_ _10\"></span>\u201cS<span class=\"_ _6\"></span>ervicios <span class=\"_ _0\"></span>exteriores<span class=\"_ _15\"></span><span class=\"ff4\">-Arrendamie</span>ntos<span class=\"_ _6\"></span>\u201d <span class=\"_ _0\"></span>del Estado de Resultad<span class=\"_ _6\"></span>o consolidado en lu<span class=\"_ _6\"></span>gar de formar parte del pas<span class=\"_ _6\"></span>ivo del arrend<span class=\"_ _6\"></span>amiento.<span class=\"_ _6\"></span> ENCE <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ubarrienda <span class=\"_ _11\"></span>maquinaria <span class=\"_ _0\"></span>forestal <span class=\"_ _11\"></span>previamente <span class=\"_ _0\"></span>arrendada.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>En <span class=\"_ _11\"></span>estas <span class=\"_ _0\"></span>situaciones, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>analiza <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>han transferido <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ubarrendatario <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>beneficios <span class=\"_ _0\"></span>asociados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>subarriendo. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>esa situaci\u00f3n,  se  da <span class=\"_ _12\"> </span>de  baja  en <span class=\"_ _12\"> </span>cuentas  el <span class=\"_ _1a\"> </span>activo  por  derecho  de <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span>  se <span class=\"_ _12\"> </span>reconoce  un  activo <span class=\"_ _12\"> </span>financiero correspondiente a la in<span class=\"_ _6\"></span>versi\u00f3n neta en<span class=\"_ _6\"></span> el subarrendamiento.<span class=\"_ _33\"> </span>ENCE clasifica los activos por <span class=\"_ _e\"></span>derecho de uso atendiendo a la <span class=\"_ _1\"></span>naturaleza del activo arrendado, en <span class=\"_ _1\"></span>el ep\u00edgrafe<span class=\"_ _1\"></span> \u201cPropiedad,  planta  y <span class=\"_ _12\"> </span>equipo\u201d  del <span class=\"_ _12\"> </span>Esta<span class=\"_ _6\"></span>do  de <span class=\"_ _12\"> </span>Situaci\u00f3n  Financiera <span class=\"_ _1a\"> </span>consolidado,  y <span class=\"_ _12\"> </span>clas<span class=\"_ _6\"></span>ifica <span class=\"_ _12\"> </span>el  pasivo  por arrendamiento en el ep\u00edgrafe \u201cDeuda financi<span class=\"ff4\">era </span>\u2013<span class=\"ff4\"> </span>Otros pasivos financieros\u201d del pasivo a l<span class=\"_ _1\"></span>argo y corto plazo del Estado d<span class=\"_ _6\"></span>e Situaci\u00f3n Financiera conso<span class=\"_ _6\"></span>lidado.<span class=\"_ _6\"></span> Con <span class=\"_ _10\"></span>relaci\u00f3n <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>estado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>flujos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>efectivo, <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _10\"></span>registra <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>pagos <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>principal <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>contratos <span class=\"_ _10\"></span>de arrendamiento dentro <span class=\"_ _e\"></span>de los <span class=\"_ _e\"></span>\u201cFlujos neto <span class=\"_ _e\"></span>de e<span class=\"_ _1\"></span>fectivo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>actividades de <span class=\"_ _e\"></span>financiaci\u00f3n\u201d, as\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>registro<span class=\"_ _6\"></span> de <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>intereses <span class=\"_ _11\"> </span>relacionad<span class=\"_ _6\"></span>os <span class=\"_ _11\"> </span>con <span class=\"_ _12\"> </span>dic<span class=\"ff6\">hos <span class=\"_ _12\"> </span>contratos <span class=\"_ _11\"> </span>dentro <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _11\"> </span>\u201cFlujos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>netos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>efectivo<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>las </span>actividades d<span class=\"_ _6\"></span>e explotaci\u00f3n\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>3.7<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Activos y pasi<span class=\"_ _1\"></span>vos financiero<span class=\"_ _1\"></span>s </span>ENCE valora <span class=\"_ _e\"></span>y clasifica <span class=\"_ _e\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>instrumentos f<span class=\"_ _1\"></span>inancieros de <span class=\"_ _e\"></span>acue<span class=\"_ _6\"></span>rdo con <span class=\"_ _e\"></span>NIIF<span class=\"_ _6\"></span>-9 Instrumentos <span class=\"_ _1\"></span>Financieros. En <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>te sentido: Activos financieros En <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>momento <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>cimiento <span class=\"_ _6\"></span>inicial,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ENCE <span class=\"_ _15\"></span>valora <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>activo <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciero <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>razo<span class=\"_ _6\"></span>nable, <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e incluye <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>tran<span class=\"_ _6\"></span>sacci\u00f3n <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>s<span class=\"_ _6\"></span>ean <span class=\"_ _17\"> </span>directamente <span class=\"_ _17\"> </span>atribuibles <span class=\"_ _1c\"> </span>a <span class=\"_ _1e\"> </span>la <span class=\"_ _17\"> </span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _17\"> </span>del <span class=\"_ _17\"> </span>activo. Excepcionalmente, <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>costes  de  trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _18\"> </span>correspondientes <span class=\"_ _18\"> </span>a  activos <span class=\"_ _18\"> </span>financieros  valo<span class=\"_ _6\"></span>rados  a <span class=\"_ _18\"> </span>valor razonable con cambios<span class=\"_ _6\"></span> en resultad<span class=\"_ _6\"></span>os se imputan<span class=\"_ _6\"></span> directamente a resultados<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Con  posterioridad<span class=\"_ _6\"></span>  a  su  recon<span class=\"_ _6\"></span>ocimiento  inicial,  ENCE <span class=\"_ _18\"> </span>clasifica  sus  activ<span class=\"_ _6\"></span>os  financieros<span class=\"_ _6\"></span>  en  las  siguientes categor\u00edas; <span class=\"_ _e\"></span>1) <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>coste amortizado, <span class=\"_ _e\"></span>2) <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>valor <span class=\"_ _e\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cambios<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>resultados, <span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>bien, <span class=\"_ _e\"></span>3) <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _e\"></span>razonable con  cambios  e<span class=\"_ _1\"></span>n  otro <span class=\"_ _12\"> </span>resultado  global.  La  clasificaci\u00f3n <span class=\"_ _12\"> </span>depend<span class=\"_ _6\"></span>e  del <span class=\"_ _12\"> </span>modelo  de <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>egocio  de <span class=\"_ _1a\"> </span>ENCE  para gestionar los activ<span class=\"_ _6\"></span>os financieros y<span class=\"_ _6\"></span> los t\u00e9rminos contra<span class=\"_ _6\"></span>ctuales de los flujo<span class=\"_ _6\"></span>s de efectivo: <span class=\"_ _6\"></span> i.<span class=\"ff2 ls0_1\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Coste <span class=\"_ _0\"></span>amortizado <span class=\"_ _0\"></span>us<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>tipo <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>inter<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _0\"></span>efectivo: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasif<span class=\"_ _6\"></span>ican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _11\"></span>categor\u00eda <span class=\"_ _10\"></span>los </span></span>activos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e man<span class=\"_ _6\"></span>tienen <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cobro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e e<span class=\"_ _6\"></span>fectivo <span class=\"_ _6\"></span>previs<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>contrato,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>esos <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e efectivo representan s<span class=\"_ _6\"></span>\u00f3lo cobros d<span class=\"_ _6\"></span>e principal e inte<span class=\"_ _6\"></span>reses. <span class=\"_ _6\"></span> Una <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>p\u00e9rdida en <span class=\"_ _a\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _e\"></span>inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>valore <span class=\"_ _e\"></span>a coste <span class=\"_ _e\"></span>amortizado y <span class=\"_ _a\"></span>no sea <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>una re<span class=\"_ _1\"></span>laci\u00f3n<span class=\"_ _6\"></span> de cobertura se reconoce en el resu<span class=\"_ _6\"></span>ltado del ejercicio cuand<span class=\"_ _6\"></span>o el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _6\"></span> se reconocen como <span class=\"_ _1\"></span>ingresos financiero<span class=\"_ _6\"></span>s en el <span class=\"_ _1\"></span>Estado de Resultado cons<span class=\"_ _6\"></span>olidado d<span class=\"_ _6\"></span>e acuerdo a su devengo,<span class=\"_ _6\"></span> aplicando el m\u00e9todo del tipo d<span class=\"_ _6\"></span>e inter\u00e9s efectivo<span class=\"_ _6\"></span>.<span class=\"_ _15\"></span> En <span class=\"_ _12\"> </span>esta <span class=\"_ _11\"> </span>cat<span class=\"_ _6\"></span>egor\u00eda <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _11\"> </span>\u201cDeudores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>rar\u201d, <span class=\"_ _11\"> </span>\u201cOtra<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>inversiones financieras\u201d, <span class=\"_ _15\"></span>\u201cy <span class=\"_ _6\"></span>\u201cEfectivo <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _6\"></span>l\u00edqu<span class=\"_ _6\"></span>idos <span class=\"_ _6\"></span>equivalentes\u201d, <span class=\"_ _15\"></span>principalmente. <span class=\"_ _15\"></span>El <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cEfectivo <span class=\"_ _6\"></span>y otros <span class=\"_ _11\"> </span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"> </span>l\u00edquidos <span class=\"_ _12\"> </span>equivalentes\u201d <span class=\"_ _11\"> </span>recoge <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>aldos <span class=\"_ _12\"> </span><span class=\"ff4\">en <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>corto <span class=\"_ _11\"> </span>plazo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _6\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _6\"></span> sujetos a un riesgo d<span class=\"_ _6\"></span>e cambio de valor po<span class=\"_ _6\"></span>co significativo.<span class=\"_ _15\"></span> Las cuentas por <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>rar <span class=\"_ _1\"></span>a deudores <span class=\"_ _e\"></span>comerc<span class=\"_ _6\"></span>iales propias del <span class=\"_ _e\"></span>tr\u00e1fico habitual del <span class=\"_ _1\"></span>Grupo se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>su valor nominal, dado que su vencimiento es en ge<span class=\"_ _1\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _1\"></span>esperadas. En <span class=\"_ _e\"></span>este cap\u00edtulo <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>seguid<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>mod<span class=\"_ _6\"></span>elo <span class=\"_ _1\"></span>simplificado de <span class=\"_ _e\"></span>p\u00e9rdida esperada basado en la experiencia his<span class=\"_ _6\"></span>t\u00f3rica de p\u00e9rdidas<span class=\"_ _6\"></span> crediticias.<span class=\"_ _33\"> </span>ii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Valor <span class=\"_ _6\"></span>razon<span class=\"_ _6\"></span>able <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>resultados<span class=\"_ _6\"></span>: <span class=\"_ _6\"></span>dentro <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>categor\u00eda <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incluyen <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no </span></span>cumplen <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>condiciones <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>considerars<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cobertura <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>N<span class=\"_ _6\"></span>IIF <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _15\"></span>Ins<span class=\"_ _6\"></span>trumentos Financieros, los activos <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _1\"></span>que otras <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>ormas establezcan que <span class=\"_ _1\"></span>deben valorarse <span class=\"_ _e\"></span>a valor razonable con <span class=\"_ _6\"></span>cargo <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os, <span class=\"_ _6\"></span>tales como <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>contraprestacion<span class=\"_ _6\"></span>es contin<span class=\"_ _6\"></span>gentes <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>egocios y aquellos activ<span class=\"_ _6\"></span>os financieros que d<span class=\"_ _6\"></span>e valorarse de otra<span class=\"_ _6\"></span> forma generar\u00edan una as<span class=\"_ _6\"></span>imetr\u00eda contable.<span class=\"_ _33\"> </span>Los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roduzcan <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>impu<span class=\"_ _6\"></span>tan <span class=\"_ _15\"></span>cuando <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cen <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _17\"> </span>financieros\u201d, <span class=\"_ _17\"> </span>\u201cIngresos <span class=\"_ _17\"> </span>financieros\u201d <span class=\"_ _17\"> </span>o <span class=\"_ _17\"> </span>\u201cVariaci\u00f3n <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>valor <span class=\"_ _17\"> </span>razonable <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>instru<span class=\"_ _6\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _6\"></span> corresponda,<span class=\"_ _6\"></span> del Estado de Resu<span class=\"_ _6\"></span>ltado conso<span class=\"_ _6\"></span><span class=\"ff4\">lida<span class=\"_ _6\"></span>do. </span>En el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de particip<span class=\"_ _6\"></span>aciones en <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es no <span class=\"_ _6\"></span>cotizadas<span class=\"_ _6\"></span>, poco <span class=\"_ _15\"></span>relevantes<span class=\"_ _6\"></span>, dad<span class=\"_ _6\"></span>o qu<span class=\"_ _6\"></span>e el valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able no <span class=\"_ _15\"></span>siempre <span class=\"_ _15\"></span>es <span class=\"_ _15\"></span>posible <span class=\"_ _15\"></span>determinarlo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>forma <span class=\"_ _15\"></span>fiabl<span class=\"_ _6\"></span>e, <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>valoran <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _15\"></span>corregido<span class=\"_ _6\"></span> por las evidencias<span class=\"_ _6\"></span> de deterioro que p<span class=\"_ _6\"></span>udieran existir.<span class=\"_ _6\"></span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>irectamente <span class=\"_ _0\"></span>atribuibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _6\"></span> gasto en el Estad<span class=\"_ _6\"></span>o de Resultado co<span class=\"_ _6\"></span>nsolidado a medida <span class=\"_ _6\"></span>que se incurre en ellos.<span class=\"_ _33\"> </span><span class=\"_ _15\"></span> iii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Activos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>cambios <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>otro <span class=\"_ _15\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>global: <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>tiene <span class=\"_ _10\"></span>activos </span></span>clasificados en esta ca<span class=\"_ _6\"></span>tegor\u00eda.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Durante <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _0\"></span>reclasificaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>las categor\u00edas definidas en lo<span class=\"_ _6\"></span>s p\u00e1rrafos previos<span class=\"_ _6\"></span>. Las compras y<span class=\"_ _6\"></span> ventas de activos finan<span class=\"_ _6\"></span>cieros se contab<span class=\"_ _6\"></span>ilizan utilizando la fecha d<span class=\"_ _6\"></span>e negociaci\u00f3n. <span class=\"_ _15\"></span> Deterioros de valor-<span class=\"_ _6\"></span> ENCE ev<span class=\"_ _6\"></span>al\u00faa s<span class=\"_ _6\"></span>obre un<span class=\"_ _6\"></span>a base <span class=\"_ _6\"></span>prospectiva <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>cr\u00e9dito esp<span class=\"_ _6\"></span>eradas d<span class=\"_ _6\"></span>e sus<span class=\"_ _6\"></span> activos v<span class=\"_ _6\"></span>alorados <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>coste amortizado. En es<span class=\"_ _6\"></span>te sentido, ENCE a<span class=\"_ _6\"></span>plica el enfoque gener<span class=\"_ _6\"></span>al de c\u00e1lculo de la p<span class=\"_ _6\"></span>\u00e9rdida esperada <span class=\"_ _6\"></span>a sus a<span class=\"_ _6\"></span>ctivos financieros a <span class=\"_ _1\"></span>largo plazo, excepto <span class=\"_ _1\"></span>los saldos comerciales <span class=\"_ _e\"></span>y otras<span class=\"_ _6\"></span> cuentas <span class=\"_ _1\"></span>a cobrar <span class=\"_ _1\"></span>sin componente <span class=\"_ _1\"></span>financiero<span class=\"_ _6\"></span> significativo para <span class=\"_ _6\"></span>los que aplica un enfoq<span class=\"_ _6\"></span>ue simplificado.<span class=\"_ _6\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"_ _6\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo que el riesgo de cr\u00e9dito se h<span class=\"_ _6\"></span>aya in<span class=\"_ _6\"></span>crementado de forma s<span class=\"_ _6\"></span>ignificativa desde s<span class=\"_ _6\"></span>u reconocimiento inicial.<span class=\"_ _15\"></span> Bajo <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>enfoqu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>implificado, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>consideran las <span class=\"_ _e\"></span>p\u00e9rdidas cre<span class=\"_ _1\"></span>diticias e<span class=\"_ _1\"></span>speradas durante <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>vida <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivo. <span class=\"_ _e\"></span> Este<span class=\"_ _1\"></span> modelo <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>lleva <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>cabo <span class=\"_ _11\"> </span>teniendo <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>consideraci\u00f3n <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>client<span class=\"_ _6\"></span>e, <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>cobertura <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>seguro <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>cr\u00e9dito<span class=\"_ _6\"></span> disponible, <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>experien<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>hist<span class=\"_ _6\"></span>\u00f3rica <span class=\"_ _e\"></span>referente <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ries<span class=\"_ _6\"></span>go <span class=\"_ _e\"></span>crediticio <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>\u00faltimos <span class=\"_ _e\"></span>cin<span class=\"_ _6\"></span>co <span class=\"_ _e\"></span>a\u00f1os. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>modelo<span class=\"_ _33\"> </span>incorpora <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>umbral <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>180 <span class=\"_ _10\"></span>d\u00edas <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>mora <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>ideraci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _10\"></span>un impago <span class=\"_ _1\"></span>definitivo. <span class=\"_ _1\"></span>Estos criterios <span class=\"_ _e\"></span>son aplicados <span class=\"_ _e\"></span>en au<span class=\"_ _1\"></span>sencia d<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>otra<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>evidencias objetivas de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>incumplimiento, como <span class=\"_ _e\"></span>puedan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ser <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>cursales, <span class=\"_ _1\"></span>etc. <span class=\"_ _e\"></span>En <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>ejercicios 2024 <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _e\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _e\"></span>registra<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>importes<span class=\"_ _6\"></span> significativos po<span class=\"_ _6\"></span>r este concepto en el Es<span class=\"_ _6\"></span>tado de Resulta<span class=\"_ _6\"></span>do consolidado.<span class=\"_ _6\"></span> Las <span class=\"_ _6\"></span>dotacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>reversiones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>correcciones <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>rativas <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sald<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>comerciales <span class=\"_ _6\"></span>a cobrar <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cDeterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>sobre <span class=\"_ _10\"></span>activos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Res<span class=\"_ _6\"></span>ultado consolidado.<span class=\"_ _33\"> </span>Registro de bajas <span class=\"_ _6\"></span>- El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>reconoce <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>baja <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>expiran <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cedido <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>derechos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>los flujos <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>efectivo <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>correspo<span class=\"_ _6\"></span>ndiente <span class=\"_ _15\"></span>activo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>financiero <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>han <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>nsferido <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ustancialmente <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>riesgos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y beneficios inherentes a su propiedad. La baja de un activo fi<span class=\"_ _1\"></span>nanciero implica el <span class=\"_ _1\"></span>reconoci<span class=\"_ _6\"></span>miento en el Estado de Resultado consolidado de l<span class=\"_ _1\"></span>a diferencia e<span class=\"_ _1\"></span>xistente entre su valor contable y<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>suma de la<span class=\"_ _1\"></span> contraprestaci\u00f3n recibida, <span class=\"_ _1\"></span>neta <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>gastos de <span class=\"_ _e\"></span>la transacci\u00f3n, <span class=\"_ _1\"></span>incluy\u00e9ndose los <span class=\"_ _e\"></span>activos obtenidos o <span class=\"_ _1\"></span>pasivos <span class=\"_ _1\"></span>asumidos y <span class=\"_ _e\"></span>cualquier p\u00e9rdida o ganan<span class=\"_ _6\"></span>cia diferida en otro resu<span class=\"_ _6\"></span>ltado global.<span class=\"_ _6\"></span> En <span class=\"_ _12\"> </span>este <span class=\"_ _12\"> </span>sentido, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>necesidad<span class=\"_ _6\"></span>es <span class=\"_ _12\"> </span>coyun<span class=\"_ _6\"></span>turales <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _12\"> </span>realiza <span class=\"_ _12\"> </span>cesiones <span class=\"_ _12\"> </span>de<span class=\"_ _6\"></span> cr\u00e9ditos <span class=\"_ _e\"></span>de cli<span class=\"_ _1\"></span>entes <span class=\"_ _e\"></span>a e<span class=\"_ _1\"></span>ntidade<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieras <span class=\"_ _e\"></span>(factoring) <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>pod<span class=\"_ _6\"></span>r\u00e1 <span class=\"_ _e\"></span>llevar <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>cabo titulizaciones <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>. <span class=\"_ _e\"></span>En e<span class=\"_ _1\"></span>stas<span class=\"_ _33\"> </span>cesiones <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>derechos <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cobro<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>tra<span class=\"_ _6\"></span>nsmiten <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>ustancialmente <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>riesgos <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>b<span class=\"_ _6\"></span>eneficios <span class=\"_ _11\"> </span>inh<span class=\"_ _6\"></span>erentes <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>las cuentas <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>cobrar, <span class=\"_ _0\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>control <span class=\"_ _0\"></span>sobre <span class=\"_ _11\"></span>\u00e9stas, <span class=\"_ _0\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>existan <span class=\"_ _0\"></span>pactos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>recompra <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>uscritos <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>las entidades <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cr\u00e9dito <span class=\"_ _10\"></span>(cesiones <span class=\"_ _10\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>recurs<span class=\"_ _6\"></span>o). <span class=\"_ _10\"></span>Consecu<span class=\"_ _6\"></span>entemente, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>criterios <span class=\"_ _10\"></span>establecidos por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>NIIF, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>dan <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e b<span class=\"_ _6\"></span>aja del <span class=\"_ _6\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Situaci\u00f3n <span class=\"_ _6\"></span>Finan<span class=\"_ _6\"></span>ciera cons<span class=\"_ _6\"></span>olidado <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>saldos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cobrar <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>ores vendidos en la<span class=\"_ _6\"></span>s condiciones indicadas<span class=\"_ _6\"></span>. Por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>trario, <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>baja <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>financieros, <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>reconoce <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _0\"></span>financiero <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>un importe <span class=\"_ _10\"></span>igual <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>contraprestaci\u00f3n <span class=\"_ _0\"></span>recibida, <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>cesiones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>retenga sustancialmente los<span class=\"_ _6\"></span> riesgos y beneficios inh<span class=\"_ _6\"></span>erentes<span class=\"_ _6\"></span> a su p<span class=\"_ _6\"></span>ropiedad.<span class=\"_ _33\"> </span>Pasivos financieros <span class=\"_ _6\"></span> Son <span class=\"_ _6\"></span>pasivos <span class=\"_ _6\"></span>financieros <span class=\"_ _6\"></span>aq<span class=\"_ _6\"></span>uellos <span class=\"_ _6\"></span>d\u00e9bitos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>partidas <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>pagar que <span class=\"_ _6\"></span>tiene <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han <span class=\"_ _6\"></span>originado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la compra de <span class=\"_ _e\"></span>bi<span class=\"_ _6\"></span>enes y <span class=\"_ _1\"></span>servicios por operaciones de <span class=\"_ _e\"></span>tr\u00e1<span class=\"_ _6\"></span>fico de la <span class=\"_ _1\"></span>empresa, o <span class=\"_ _1\"></span>tambi\u00e9n aquellos que, sin <span class=\"_ _1\"></span>tener un origen <span class=\"_ _10\"></span>comercial, <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>pu<span class=\"_ _6\"></span>eden <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>er <span class=\"_ _10\"></span>consider<span class=\"_ _6\"></span>ados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span>rivados, <span class=\"_ _0\"></span>principalmente, deudas con en<span class=\"_ _6\"></span>tidades de cr\u00e9dito, bon<span class=\"_ _6\"></span>os emitidos, etc.<span class=\"_ _6\"></span> ENCE <span class=\"_ _10\"></span>clasifica <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>pasivos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>siguientes <span class=\"_ _10\"></span>categor\u00edas, <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>posteriorid<span class=\"_ _6\"></span>ad <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>recono<span class=\"_ _6\"></span>cimiento inicial; 1) <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>amortizado, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2) <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>cambios <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>resulta<span class=\"_ _6\"></span>dos. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>esta \u00fa<span class=\"_ _6\"></span>ltima <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>se recogen b<span class=\"_ _6\"></span>\u00e1sicamente <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>traprestacio<span class=\"_ _6\"></span>nes <span class=\"_ _6\"></span>contin<span class=\"_ _6\"></span>gentes qu<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>puedan <span class=\"_ _6\"></span>originar <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e negocios, <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>instrumentos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _10\"></span>designados <span class=\"_ _0\"></span>como <span class=\"_ _15\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>de cobertura de acuerdo co<span class=\"_ _6\"></span>n NIIF 9 <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> Instrumentos<span class=\"_ _6\"></span> Financiero<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>ENCE da <span class=\"_ _e\"></span>de baja <span class=\"_ _e\"></span>un pasivo <span class=\"_ _e\"></span>financiero o <span class=\"_ _e\"></span>una parte <span class=\"_ _e\"></span>del mismo <span class=\"_ _e\"></span>cuand<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>ha cumplido <span class=\"_ _e\"></span>con la <span class=\"_ _e\"></span>obligaci\u00f3n contenida en el pasivo o b<span class=\"_ _6\"></span>ien est\u00e9 legalmente dispensad<span class=\"_ _6\"></span>o de la respon<span class=\"_ _6\"></span>sabilidad p<span class=\"_ _6\"></span>rincipal contenida en el pas<span class=\"_ _6\"></span>ivo.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Obligaciones, bo<span class=\"_ _6\"></span>nos y deudas con<span class=\"_ _6\"></span> entidades de c<span class=\"_ _6\"></span>r\u00e9dito<span class=\"_ _33\"> </span><span class=\"_ _6\"></span>- Los p<span class=\"_ _6\"></span>r\u00e9stamos, <span class=\"_ _6\"></span>obligaciones <span class=\"_ _6\"></span>y s<span class=\"_ _6\"></span>imilares se <span class=\"_ _6\"></span>registran <span class=\"_ _6\"></span>inicialmente <span class=\"_ _6\"></span>a v<span class=\"_ _6\"></span>alor razo<span class=\"_ _6\"></span>nable, v<span class=\"_ _6\"></span>alor q<span class=\"_ _6\"></span>ue normalm<span class=\"_ _6\"></span>ente coincide con el efectiv<span class=\"_ _6\"></span>o recibido, n<span class=\"_ _6\"></span>eto de los cos<span class=\"_ _6\"></span>tes incurridos en la t<span class=\"_ _6\"></span>ransacci\u00f3n. En p<span class=\"_ _6\"></span>eriodos posteriores, la totalidad de estas d<span class=\"_ _6\"></span>eudas se valora a <span class=\"_ _6\"></span>su coste amortizado, utilizando el m\u00e9tod<span class=\"_ _6\"></span>o del tipo de inter\u00e9s efectivo.<span class=\"_ _33\"> </span>Los gastos finan<span class=\"_ _6\"></span>cieros as\u00ed como los costes d<span class=\"_ _6\"></span>e estructuraci\u00f3n, se registran<span class=\"_ _6\"></span> seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"_ _6\"></span>o consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo del in<span class=\"_ _6\"></span>ter\u00e9s efectivo.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span>  En <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>b<span class=\"_ _6\"></span>onos <span class=\"_ _10\"></span>convertibles, <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>analiza <span class=\"_ _10\"></span>si <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>trata <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>instrumentos <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cieros compuestos, o <span class=\"_ _a\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>contrario, <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>trata <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>un <span class=\"_ _e\"></span>pasivo. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n de <span class=\"_ _a\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _e\"></span>financieros<span class=\"_ _6\"></span> compuestos <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>compon<span class=\"_ _6\"></span>entes <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>pasivo <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>atrimonio, <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>componente <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>patrimonio <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>etermina <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>el importe residual que s<span class=\"_ _6\"></span>e obtiene, d<span class=\"_ _6\"></span>espu\u00e9s de dedu<span class=\"_ _6\"></span>cir del valor razon<span class=\"_ _6\"></span>able del instrumento<span class=\"_ _6\"></span> en su<span class=\"_ _6\"></span> conjunto, el importe del componente de pasivo. Por su parte, el componente de pasivo se determina estim<span class=\"_ _15\"></span>ando el valor razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>instrumento <span class=\"_ _12\"> </span>similar <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>fecha <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>emis<span class=\"_ _6\"></span>i\u00f3n, <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>no<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>lleve <span class=\"_ _12\"> </span>aso<span class=\"_ _6\"></span>ciado <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>componente <span class=\"_ _12\"> </span>de patrimonio. <span class=\"_ _17\"> </span>Los <span class=\"_ _1c\"> </span>costes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _17\"> </span>relacionados<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>con <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>e<span class=\"_ _6\"></span>misi\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _1c\"> </span>instrumentos <span class=\"_ _17\"> </span>finan<span class=\"_ _6\"></span>cieros compuestos <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>distribuyen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>valo<span class=\"_ _15\"></span>r <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _10\"></span>relativo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cada <span class=\"_ _0\"></span>uno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>componentes <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el momento de la clasificaci\u00f3n.<span class=\"_ _33\"> </span> <span class=\"_ _15\"></span> Las <span class=\"_ _11\"></span>operaciones <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>refinan<span class=\"_ _6\"></span>ciaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>financiera <span class=\"_ _0\"></span>se<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>contabilizan <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>cancelaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>asivo<span class=\"_ _6\"></span> financiero original y el reconocimiento de un nuevo pasivo financiero, siempre que los instrumentos tengan condiciones <span class=\"_ _0\"></span>su<span class=\"_ _6\"></span>stancialmente <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>iferentes. <span class=\"_ _0\"></span>Esto <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>produce <span class=\"_ _0\"></span>cu<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>act<span class=\"_ _6\"></span>ual <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>efectivo descontados<span class=\"_ _6\"></span> bajo <span class=\"_ _1\"></span>las nuevas <span class=\"_ _e\"></span>cond<span class=\"_ _6\"></span>iciones, incluyendo cualquier <span class=\"_ _e\"></span>com<span class=\"_ _6\"></span>isi\u00f3n pagada neta <span class=\"_ _1\"></span>de cualquier <span class=\"_ _e\"></span>comisi\u00f3n<span class=\"_ _6\"></span> recibida, y utilizando para hacer el <span class=\"_ _1\"></span>descuento el tipo de inter\u00e9s efectivo original, difiere al menos en un 10% del valor actual descontado de los flujos de <span class=\"_ _1\"></span>efectivo que todav\u00eda resten del pasivo financiero original. Por <span class=\"_ _1\"></span>su parte, <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>costes <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>estructuraci\u00f3n <span class=\"_ _12\"> </span>pendientes <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>imputar <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>resulta<span class=\"_ _6\"></span>dos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _12\"> </span>cancelada <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e imputan \u00edntegramente a <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os en el momento de la ca<span class=\"_ _6\"></span>ncelaci\u00f3n.<span class=\"_ _33\"> </span>Si la operaci\u00f3n de<span class=\"_ _1\"></span> refinanciaci\u00f3n no cumple <span class=\"_ _1\"></span>los criterios descritos para <span class=\"_ _1\"></span>registrarse como una cancelaci\u00f3n del<span class=\"_ _e\"></span> pasivo <span class=\"_ _17\"> </span>financiero <span class=\"_ _17\"> </span>original, <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>flujos <span class=\"_ _17\"> </span>modificados <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>descu<span class=\"_ _6\"></span>entan <span class=\"_ _1e\"> </span>al <span class=\"_ _17\"> </span>tipo <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>inter\u00e9s <span class=\"_ _17\"> </span>efectivo <span class=\"_ _17\"> </span>original,<span class=\"_ _6\"></span> reconociendo <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>resultados <span class=\"_ _11\"></span>cualquier <span class=\"_ _0\"></span>difere<span class=\"_ _6\"></span>ncia <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _11\"> </span>contable <span class=\"_ _0\"></span>prev<span class=\"_ _6\"></span>io. <span class=\"_ _0\"></span>Los<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>gastos <span class=\"_ _11\"></span>financieros, <span class=\"_ _0\"></span>as\u00ed como <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estru<span class=\"_ _6\"></span>cturaci\u00f3n, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>registran <span class=\"_ _0\"></span>seg\u00fan<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>devengo <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>Resultado consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo d<span class=\"_ _6\"></span>el inter\u00e9s efectivo.<span class=\"_ _6\"></span> La recompras de instrumentos de deuda im<span class=\"_ _1\"></span>plica que la deuda queda e<span class=\"_ _1\"></span>xtinguida, incluso en el <span class=\"_ _1\"></span>caso de que <span class=\"_ _1\"></span>el emisor intente revenderlo en <span class=\"_ _6\"></span>un futu<span class=\"_ _6\"></span>ro inmediato.<span class=\"_ _6\"></span> Acreedores com<span class=\"_ _6\"></span>erciales y otras cuen<span class=\"_ _6\"></span>tas a pagar<span class=\"_ _6\"></span>- Los <span class=\"_ _12\"> </span>acreedores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>pagar <span class=\"_ _12\"> </span>derivados <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>op<span class=\"_ _6\"></span>eraciones <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>son <span class=\"_ _12\"> </span>pasivos financieros <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>mayor <span class=\"_ _e\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>resentan <span class=\"_ _e\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>corto <span class=\"_ _1\"></span>plazo <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>devengan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>intereses. <span class=\"_ _e\"></span>Esto<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>saldos se registran inicialment<span class=\"_ _6\"></span>e a su valor razon<span class=\"_ _6\"></span>able y<span class=\"_ _6\"></span> posteriormente a s<span class=\"_ _6\"></span>u coste amortizad<span class=\"_ _6\"></span>o.<span class=\"_ _33\"> </span>El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"_ _1\"></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\"></span>en la <span class=\"_ _1\"></span>partida de <span class=\"ff6\">\u201cAcreedores comerciales y <span class=\"_ _e\"></span>otras<span class=\"_ _6\"></span> cuentas <span class=\"_ _1\"></span>a pagar\u201d, y <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>clasifican en </span>el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"_ _1\"></span>xplotaci\u00f3n, en la medida en que <span class=\"_ _1\"></span>ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"_ _1\"></span> las e<span class=\"_ _1\"></span>ntidades financieras, manteni\u00e9ndose como obliga<span class=\"_ _6\"></span>do primario al pago de las<span class=\"_ _1\"></span> deudas frente <span class=\"_ _1\"></span>a lo<span class=\"_ _1\"></span>s acreedores <span class=\"_ _e\"></span>comerciales (confirming sin <span class=\"_ _1\"></span>recurso). En <span class=\"_ _e\"></span>caso de <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue el <span class=\"_ _e\"></span>obligado primario <span class=\"_ _1\"></span>sea una entidad fin<span class=\"_ _6\"></span>anciera, estas cesiones s<span class=\"_ _6\"></span>e tratan como deud<span class=\"_ _6\"></span>as con entid<span class=\"_ _6\"></span>ades de cr\u00e9dito.<span class=\"_ _33\"> </span><span class=\"_ _15\"></span> Instrumento<span class=\"_ _6\"></span>s de Patrimonio Un  instrumento  de <span class=\"_ _12\"> </span>patri<span class=\"_ _6\"></span>monio  representa  una <span class=\"_ _12\"> </span>particip<span class=\"_ _6\"></span>aci\u00f3n  residual  en <span class=\"_ _12\"> </span>el  patrimonio  de  la <span class=\"_ _12\"> </span>So<span class=\"_ _6\"></span>ciedad<span class=\"_ _6\"></span> Dominante, una v<span class=\"_ _6\"></span>ez deducidos t<span class=\"_ _6\"></span>odos sus pas<span class=\"_ _6\"></span>ivos. Los <span class=\"_ _15\"></span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span>capital <span class=\"_ _15\"></span>emitidos <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>patrimonio <span class=\"_ _15\"></span>neto <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>importe <span class=\"_ _15\"></span>recibido, neto de los gas<span class=\"_ _6\"></span>tos de emisi\u00f3n.<span class=\"_ _33\"> </span>Las acciones p<span class=\"_ _6\"></span>ropias que adquiere ENCE se registran a su coste de ad<span class=\"_ _6\"></span>quisici\u00f3n, y se presentan minorando el patrimonio neto. Los resu<span class=\"_ _6\"></span>ltados derivados de la compra, venta, emisi\u00f3n o amortizaci\u00f3n de los<span class=\"_ _6\"></span> instrumentos del <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>atrimonio <span class=\"_ _10\"></span>propio <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>reconocen <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>irectamente <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>patrimonio <span class=\"_ _10\"></span>neto, <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>in <span class=\"_ _15\"></span>que <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>ning\u00fan <span class=\"_ _10\"></span>caso <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>registre resultado algun<span class=\"_ _6\"></span>o en el Estado de Resultado<span class=\"_ _6\"></span> consolidado<span class=\"_ _6\"></span>. La <span class=\"_ _10\"></span>amortizaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>accion<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>NCE, <span class=\"_ _10\"></span>da <span class=\"_ _0\"></span>lugar <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _10\"></span>reducci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>capital <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>importe <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>nominal <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> dichas acciones y la diferencia positiva o negativa entre el <span class=\"_ _1\"></span>precio de adquisici\u00f3n y el nominal de las acciones se carga o abon<span class=\"_ _6\"></span>a a cuentas de reservas<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Los <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ividendos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>resultado <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>ejercicio, <span class=\"_ _6\"></span>as\u00ed <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>dividendos <span class=\"_ _15\"></span>complementarios <span class=\"_ _15\"></span>pagados <span class=\"_ _6\"></span>por ENCE minoran el Patrimon<span class=\"_ _6\"></span>io Neto en el mo<span class=\"_ _6\"></span>mento de su ap<span class=\"_ _6\"></span>robaci\u00f3n.<span class=\"_ _33\"> </span>3.8<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Instrumentos finan<span class=\"_ _1\"></span>cieros derivado<span class=\"_ _1\"></span>s y operacion<span class=\"_ _1\"></span>es de cobertura </span>Las actividades del Grupo lo <span class=\"_ _1\"></span>exponen principalmente a riesgos financieros y <span class=\"_ _1\"></span>de mercado de<span class=\"_ _1\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"_ _1\"></span>mbio d\u00f3lar/euro que afectan principalmente a <span class=\"_ _1\"></span>sus ventas de celulosa al cotizar el <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>asta <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>papel <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>mercado <span class=\"_ _15\"></span>internacional <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>\u00f3lares, <span class=\"_ _6\"></span>2) <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>prop<span class=\"_ _6\"></span>ias <span class=\"_ _6\"></span>variaciones <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cambio <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>ventas <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ivisa, 3) <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>variacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>recio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa, <span class=\"_ _10\"></span>del <span class=\"_ _6\"></span>biometano, <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el fuel-oil, <span class=\"_ _6\"></span>el<span class=\"_ _6\"></span> gas <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica, <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>4) <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>evolu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>tip<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inter\u00e9s. <span class=\"_ _15\"></span>Pa<span class=\"_ _15\"></span>ra <span class=\"_ _15\"></span>cubrir <span class=\"_ _10\"></span>estas <span class=\"_ _15\"></span>expos<span class=\"_ _6\"></span>iciones <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Grupo puede <span class=\"_ _e\"></span>utilizar instrumentos <span class=\"_ _e\"></span>financieros derivados. <span class=\"_ _e\"></span>No <span class=\"_ _1\"></span>es <span class=\"_ _e\"></span>pol\u00edtica <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>ENCE contratar <span class=\"_ _e\"></span>instrumentos <span class=\"_ _1\"></span>financieros derivados con<span class=\"_ _6\"></span> fines especulativos<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Estos <span class=\"_ _18\"> </span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>financieros <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>valoran <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>todo <span class=\"_ _18\"> </span>mo<span class=\"_ _6\"></span>mento <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>su <span class=\"_ _18\"> </span>valor <span class=\"_ _18\"> </span>razonable<span class=\"_ _6\"></span>, <span class=\"_ _18\"> </span>registr\u00e1ndose <span class=\"_ _18\"> </span>las variaciones <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>\u201cIns<span class=\"_ _6\"></span>trumentos <span class=\"_ _1\"></span>financieros <span class=\"_ _e\"></span>derivad<span class=\"_ _6\"></span>os\u201d <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Situaci\u00f3n <span class=\"_ _1\"></span>Financiera consolidado s<span class=\"_ _6\"></span>i son negativas, y como \u201cActiv<span class=\"_ _6\"></span>os fi<span class=\"_ _6\"></span><span class=\"ff4\">nancieros </span>\u2013<span class=\"ff4\"> </span>Derivad<span class=\"_ _6\"></span>os de cobertu<span class=\"_ _6\"></span>ra\u201d si son po<span class=\"_ _6\"></span>sitivas.<span class=\"_ _33\"> </span> <span class=\"ff4\"> </span>Los <span class=\"_ _6\"></span>beneficios <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de dicha<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>fluctuaciones <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e registra<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Estado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Resultado<span class=\"_ _15\"></span> cons<span class=\"_ _6\"></span>olidado <span class=\"_ _15\"></span>como un re<span class=\"_ _1\"></span>sultado financiero, <span class=\"_ _e\"></span>salv<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>que el <span class=\"_ _e\"></span>derivado o <span class=\"_ _e\"></span>una parte <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>mis<span class=\"_ _6\"></span>mo <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>aya sido <span class=\"_ _e\"></span>designa<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>como instrumento de cobertura y \u00e9sta<span class=\"_ _6\"></span> sea altamente efectiva, en<span class=\"_ _6\"></span> cuyo caso<span class=\"_ _6\"></span> su registro es el siguiente: <span class=\"_ _15\"></span> 1.<span class=\"ls0_1\"> <span class=\"_ _22\"> </span>Coberturas <span class=\"_ _6\"></span>de valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able: el elemento <span class=\"_ _6\"></span>cubierto <span class=\"_ _6\"></span>se v<span class=\"_ _6\"></span>alora <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>su valo<span class=\"_ _6\"></span>r razonab<span class=\"_ _6\"></span>le al <span class=\"_ _6\"></span>igual que <span class=\"_ _6\"></span>el </span>instrumento <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cobertura,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>registr\u00e1nd<span class=\"_ _6\"></span>ose <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>variaciones <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>valor <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>amb<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>en e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Resultado<span class=\"_ _6\"></span> consolidado<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>2.<span class=\"ls0_1\"> <span class=\"_ _22\"> </span>Coberturas de <span class=\"_ _1\"></span>flujos de <span class=\"_ _1\"></span>efectivo: <span class=\"_ _1\"></span>la parte <span class=\"_ _e\"></span>eficaz de <span class=\"_ _1\"></span>los cambios <span class=\"_ _1\"></span>en e<span class=\"_ _1\"></span>l valor <span class=\"_ _e\"></span>razon<span class=\"_ _6\"></span>able de <span class=\"_ _e\"></span>los derivados </span>que se <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>esignan y <span class=\"_ _e\"></span>califican como coberturas de <span class=\"_ _e\"></span>flujos de ef<span class=\"_ _1\"></span>ectivo se <span class=\"_ _e\"></span>recono<span class=\"_ _6\"></span>ce <span class=\"_ _1\"></span>en el <span class=\"_ _e\"></span>ep\u00edgrafe \u201cAjustes en <span class=\"_ _12\"> </span>pat<span class=\"_ _6\"></span>rimonio <span class=\"_ _1a\"> </span>por <span class=\"_ _12\"> </span>valora<span class=\"_ _6\"></span>ci\u00f3n\u201d <span class=\"_ _12\"> </span>del  \u201cEstado  de <span class=\"_ _11\"> </span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _12\"> </span>Global  consolidado\u201d. <span class=\"_ _12\"> </span>La  ganancia <span class=\"_ _12\"> </span>o  la<span class=\"_ _e\"></span> p\u00e9rdida <span class=\"_ _10\"></span>relacionad<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>ineficaz <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>reconoce <span class=\"_ _0\"></span>inmediatamente<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado consolidado,<span class=\"_ _6\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"_ _6\"></span> en valor razo<span class=\"_ _6\"></span>nable de instru<span class=\"_ _6\"></span>mentos financieros\u201d<span class=\"_ _15\"></span></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span>Cuando <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>contrato<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>de <span class=\"_ _1a\"> </span>opci\u00f3n <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>an <span class=\"_ _12\"> </span>para  cubrir <span class=\"_ _11\"> </span>trans<span class=\"_ _6\"></span>acciones <span class=\"_ _12\"> </span>previs<span class=\"_ _6\"></span>tas, <span class=\"_ _12\"> </span>el  grup<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>eval\u00faa  si <span class=\"_ _11\"> </span>dicha<span class=\"_ _6\"></span>s transacciones  son <span class=\"_ _12\"> </span>altamente  probables, <span class=\"_ _12\"> </span>y  en <span class=\"_ _12\"> </span>ese <span class=\"_ _12\"> </span>caso  designa <span class=\"_ _12\"> </span>tanto  el <span class=\"_ _12\"> </span>valor <span class=\"_ _1a\"> </span>intr\u00ednseco <span class=\"_ _12\"> </span>como  el <span class=\"_ _12\"> </span>valor temporal del contrato d<span class=\"_ _6\"></span>e opci\u00f3n co<span class=\"_ _6\"></span>mo instrumento de c<span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>ertura.  Al <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>cobertura,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>esigna <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>documenta <span class=\"_ _15\"></span>formalmente <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>relaciones <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cobe<span class=\"_ _6\"></span>rtura, <span class=\"_ _15\"></span>as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>el objetivo y <span class=\"_ _1\"></span>la estrategia <span class=\"_ _1\"></span>que asume <span class=\"_ _e\"></span>con respecto a <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> mismas. La <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>ocumentaci\u00f3n incluye <span class=\"_ _1\"></span>la identificaci\u00f3n <span class=\"_ _1\"></span>del instrumento de cob<span class=\"_ _6\"></span>ertura, la partida cub<span class=\"_ _6\"></span>ierta, la<span class=\"_ _6\"></span> naturaleza del riesgo cubierto y la forma <span class=\"_ _6\"></span>en la que se mide la eficacia de la cobertu<span class=\"_ _6\"></span>ra.  Igualmente, al <span class=\"_ _e\"></span>inicio de la <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>ertura y <span class=\"_ _1\"></span>de f<span class=\"_ _1\"></span>orma continua ENCE <span class=\"_ _e\"></span>eval\u00faa si la <span class=\"_ _1\"></span>cobertura es <span class=\"_ _e\"></span>eficaz. Dicha eficacia se <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>erifica <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>\u201c<span class=\"_ _6\"></span>test <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>eficacia\u201d <span class=\"_ _10\"></span>dond<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>che<span class=\"_ _6\"></span>quea <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>es <span class=\"_ _10\"></span>esperab<span class=\"_ _6\"></span>le <span class=\"_ _10\"></span>pros<span class=\"_ _6\"></span>pectivamente <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>los cambios en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>valor razonable o <span class=\"_ _e\"></span>en los flujos de <span class=\"_ _e\"></span>efectivo de la <span class=\"_ _1\"></span>partida cubierta (atribuibles <span class=\"_ _1\"></span>al riesgo <span class=\"_ _e\"></span>cub<span class=\"_ _6\"></span>ierto) se compensen razonablemente con los correspondientes al instrumento de cobertura. El<span class=\"_ _1\"></span> valor razonable de<span class=\"_ _1\"></span> los <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>incluye <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ajus<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>cr<span class=\"_ _6\"></span>\u00e9dito <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>for<span class=\"_ _6\"></span>ma <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>variaci<span class=\"_ _15\"></span>ones <span class=\"_ _0\"></span>son <span class=\"_ _0\"></span>consideradas <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la medici\u00f3n de la eficacia.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>realiza <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>evalu<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _10\"></span>cualit<span class=\"_ _6\"></span>ativa <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>eficacia, <span class=\"_ _10\"></span>siempre <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>diciones <span class=\"_ _10\"></span>fund<span class=\"_ _6\"></span>amentales <span class=\"_ _10\"></span>del instrumento <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>partida <span class=\"_ _6\"></span>cubierta <span class=\"_ _15\"></span>coincidan. <span class=\"_ _15\"></span>Cuando <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>condiciones <span class=\"_ _15\"></span>fundamentales <span class=\"_ _15\"></span>no <span class=\"_ _6\"></span>son <span class=\"_ _15\"></span>plenamente coincidentes, <span class=\"_ _12\"> </span>el <span class=\"_ _1a\"> </span>Grupo <span class=\"_ _1a\"> </span>utiliza <span class=\"_ _12\"> </span>un  derivado <span class=\"_ _12\"> </span>hipo<span class=\"_ _6\"></span>t\u00e9tico <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>condiciones  fundamentales <span class=\"_ _12\"> </span>equivalentes <span class=\"_ _12\"> </span>a  la partida cubierta p<span class=\"_ _6\"></span>ara evaluar y medir la inefica<span class=\"_ _6\"></span>cia.<span class=\"_ _6\"></span> ENCE <span class=\"_ _6\"></span>interrumpe <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>relaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cobertura <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>for<span class=\"_ _6\"></span>ma <span class=\"_ _6\"></span>prospectiva <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>\u00f3lo <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>to<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>relaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cobertura <span class=\"_ _6\"></span>deja <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cumplir <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>requ<span class=\"_ _6\"></span>isitos <span class=\"_ _6\"></span>cualificados<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Esto <span class=\"_ _6\"></span>incluye <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>instru<span class=\"_ _6\"></span>mento de <span class=\"_ _e\"></span>cobertura expira, <span class=\"_ _a\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>vendido<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>ejercido, e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>objetivo de <span class=\"_ _a\"></span>g<span class=\"_ _6\"></span>esti\u00f3n del <span class=\"_ _a\"></span>riesgo <span class=\"_ _1\"></span>ha <span class=\"_ _e\"></span>cambia<span class=\"_ _6\"></span>do, <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>efecto <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>riesgo de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _15\"></span>domina <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor, <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>instrumento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cobertura <span class=\"_ _15\"></span>llega <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>liquidado,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o deja <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>existir <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>subyacente <span class=\"_ _0\"></span>cubierto<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>A <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>efectos<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ustituci\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>reno<span class=\"_ _6\"></span>vaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mento <span class=\"_ _10\"></span>de cobertura <span class=\"_ _11\"></span>no <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>una <span class=\"_ _11\"></span>expiraci\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _11\"> </span>finalizaci\u00f3n, <span class=\"_ _11\"></span>siempre <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>sea <span class=\"_ _0\"></span>consistente <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>objetivo documentado de gesti\u00f3n<span class=\"_ _6\"></span> de riesgo del Grupo.<span class=\"_ _6\"></span> En <span class=\"_ _11\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>coberturas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>flujos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>efectivo,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>tras <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>interrup<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>relaci\u00f3n <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>ertura, <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>i<span class=\"_ _6\"></span>mporte acumulado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Otro <span class=\"_ _6\"></span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _6\"></span>Global <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e recono<span class=\"_ _6\"></span>ce <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltados <span class=\"_ _6\"></span>hasta <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>transacci\u00f3n <span class=\"_ _6\"></span>prevista<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tenga lugar. As\u00ed <span class=\"_ _6\"></span>mismo, <span class=\"_ _6\"></span>los importes<span class=\"_ _6\"></span> acumulad<span class=\"_ _6\"></span>os en <span class=\"_ _6\"></span>O<span class=\"_ _6\"></span>tro <span class=\"_ _6\"></span>Resultado Glob<span class=\"_ _6\"></span>al se <span class=\"_ _6\"></span>reclasifican como <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>gresos o<span class=\"_ _6\"></span> gastos financieros cuand<span class=\"_ _6\"></span>o el Grupo no esp<span class=\"_ _6\"></span>era que la trans<span class=\"_ _6\"></span>acci\u00f3n prevista vay<span class=\"_ _6\"></span>a a producirse.<span class=\"_ _6\"></span> Los <span class=\"_ _11\"></span>derivados <span class=\"_ _11\"></span>impl\u00edcitos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>otros <span class=\"_ _0\"></span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>financieros <span class=\"_ _0\"></span>son <span class=\"_ _11\"> </span>contabilizados <span class=\"_ _11\"></span>separadamente <span class=\"_ _0\"></span>cuand<span class=\"_ _6\"></span>o <span class=\"_ _11\"></span>el Grupo <span class=\"_ _1\"></span>considera que <span class=\"_ _e\"></span>sus <span class=\"_ _1\"></span>caracter\u00edsticas <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>riesgos <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>est\u00e1n estrechame<span class=\"_ _1\"></span>nte relacionados <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>strumentos financieros <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>encuentran<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>impl\u00edcitos<span class=\"_ _15\"></span>, <span class=\"_ _10\"></span>siempre <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>instrumento <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>ciero <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>cuesti\u00f3n <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>su conjunto no <span class=\"_ _e\"></span>est\u00e9 siendo <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>tabilizado <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>con cambios <span class=\"_ _e\"></span>en resultados. <span class=\"_ _1\"></span>ENCE <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>tiene <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>erivados impl\u00edcitos que sean o<span class=\"_ _6\"></span>bjeto de contab<span class=\"_ _6\"></span>ilidad separad<span class=\"_ _6\"></span>a. Valor razonable de los<span class=\"_ _6\"></span> instrumen<span class=\"_ _6\"></span>tos financieros derivados<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>determina <span class=\"_ _10\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>siguiente <span class=\"_ _10\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel 1: por observ<span class=\"_ _6\"></span>aci\u00f3n directa de la cotiz<span class=\"_ _6\"></span>aci\u00f3n en mercado<span class=\"_ _6\"></span>s activos, de activ<span class=\"_ _6\"></span>os y pasivos id\u00e9nticos. <span class=\"_ _15\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _6\"></span>2: <span class=\"_ _6\"></span>empleando <span class=\"_ _6\"></span>inputs <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isponibles en <span class=\"_ _6\"></span>mercados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos, <span class=\"_ _6\"></span>diferentes <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios de <span class=\"_ _6\"></span>cotizaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>que </span></span>son aplicables<span class=\"_ _6\"></span> a los activos y pasiv<span class=\"_ _6\"></span>os, tanto directa como in<span class=\"_ _6\"></span>directamente.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _10\"></span>3: <span class=\"_ _0\"></span>utilizando<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>t\u00e9cnicas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valo<span class=\"_ _6\"></span>raci\u00f3n <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>cluyen <span class=\"_ _10\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>mercados </span></span>activos.<span class=\"_ _33\"> </span>La <span class=\"_ _15\"></span>determinaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>uno <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>principa<span class=\"_ _6\"></span>les <span class=\"_ _15\"></span>instrumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _6\"></span> este tipo de instrumentos finan<span class=\"_ _6\"></span>cieros, <span class=\"_ _6\"></span>a partir de datos facilitados por agencias<span class=\"_ _6\"></span> de informaci\u00f3n o d<span class=\"_ _6\"></span>atos de organ<span class=\"_ _6\"></span>ismos oficiales<span class=\"_ _6\"></span>, del siguiente <span class=\"_ _6\"></span>modo:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>de las <span class=\"_ _e\"></span>permutas de <span class=\"_ _e\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s se determ<span class=\"_ _1\"></span>ina <span class=\"_ _1\"></span>actualizando las <span class=\"_ _e\"></span>liqu<span class=\"_ _6\"></span>idaciones <span class=\"_ _1\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _1\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _1\"></span>de tipos swap a largo plazo<span class=\"_ _6\"></span>. Se utiliza la volatilidad imp<span class=\"_ _6\"></span>l\u00edcita para el c\u00e1lcul<span class=\"_ _6\"></span>o de los valo<span class=\"_ _6\"></span>res razonables.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>cas<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>contra<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>tipo <span class=\"_ _12\"> </span>de  cambio <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>futuro, <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>u <span class=\"_ _12\"> </span>valoraci\u00f3n <span class=\"_ _12\"> </span>se  determ<span class=\"_ _1\"></span>ina <span class=\"_ _12\"> </span>utilizan<span class=\"_ _6\"></span>do <span class=\"_ _12\"> </span>las </span></span>cotizaciones <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>contado <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>tipo <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cambio <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>rvas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _6\"></span>mo el empleo de la v<span class=\"_ _6\"></span>olatilidad impl\u00edcita<span class=\"_ _6\"></span> h<span class=\"_ _6\"></span>asta el vencimiento en el cas<span class=\"_ _6\"></span>o de op<span class=\"_ _6\"></span>ciones. <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _12\"> </span>valor  razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>ntratos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>compra<span class=\"_ _6\"></span>venta <span class=\"_ _12\"> </span>de  elementos <span class=\"_ _12\"> </span>no <span class=\"_ _12\"> </span>financi<span class=\"_ _6\"></span>eros <span class=\"_ _12\"> </span>a  los <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _6\"></span>NIIF <span class=\"_ _6\"></span>9 (pre<span class=\"_ _6\"></span>cio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>precio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>principalmente) <span class=\"_ _6\"></span>se calcula<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a partir <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la mejor <span class=\"_ _6\"></span>estima<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>curvas <span class=\"_ _15\"></span>futu<span class=\"_ _6\"></span>ras <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>dichos <span class=\"_ _15\"></span>elementos <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>financieros, <span class=\"_ _15\"></span>existente <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _6\"></span> a plazo.  Los valores <span class=\"_ _1\"></span>razonables se<span class=\"_ _1\"></span> ajustan <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el im<span class=\"_ _1\"></span>pacto esperado <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>riesgo de cr\u00e9dito <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>bservable de <span class=\"_ _e\"></span>la contraparte en <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>cenarios <span class=\"_ _12\"> </span>de  valoraci\u00f3n <span class=\"_ _12\"> </span>positivos, <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>impacto  del <span class=\"_ _11\"> </span>riesgo <span class=\"_ _12\"> </span>de  cr\u00e9dito <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>ropio <span class=\"_ _12\"> </span>ob<span class=\"_ _6\"></span>servable <span class=\"_ _12\"> </span>en <span class=\"_ _1a\"> </span>los escenarios de valo<span class=\"_ _6\"></span>raci\u00f3n negativos<span class=\"_ _6\"></span>. Los <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alores <span class=\"_ _15\"></span>obtenidos <span class=\"_ _10\"></span>utilizando <span class=\"_ _15\"></span>estas <span class=\"_ _10\"></span>t\u00e9cnicas <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _15\"></span>contrastados <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>financieras <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e ENCE tiene contrata<span class=\"_ _6\"></span>dos estos instrumentos<span class=\"_ _6\"></span> financieros.<span class=\"_ _6\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _6\"></span>encuadradas<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el nivel 2 <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>jerarqu\u00eda <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>razonables <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la NIIF 13, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>estar los inputs basad<span class=\"_ _6\"></span>os en precios cotizados p<span class=\"_ _6\"></span>ara ins<span class=\"_ _6\"></span>trumentos similares en mercados a<span class=\"_ _6\"></span>ctivos (no incluido<span class=\"_ _6\"></span>s en el nivel <span class=\"_ _e\"></span>1), <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>cotiza<span class=\"_ _6\"></span>dos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _e\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _e\"></span>id\u00e9nticos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>imilares <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>mercados <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>no <span class=\"_ _1\"></span>son <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>t\u00e9cnicas basadas <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>modelos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>ales <span class=\"_ _11\"> </span>todos <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>inputs <span class=\"_ _12\"> </span>significativos  son <span class=\"_ _11\"></span>observables <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el mercado o <span class=\"_ _6\"></span>pueden <span class=\"_ _6\"></span>ser corrob<span class=\"_ _6\"></span>orados<span class=\"_ _6\"></span> por <span class=\"_ _6\"></span>datos <span class=\"_ _6\"></span>observables de <span class=\"_ _6\"></span>mercado. E<span class=\"_ _6\"></span>n dicha<span class=\"_ _6\"></span> clasifica<span class=\"_ _6\"></span>ci\u00f3n s<span class=\"_ _6\"></span>e ha <span class=\"_ _6\"></span>tenido en <span class=\"_ _6\"></span>consideraci\u00f3n <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ajustes <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>riesgo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _6\"></span>utilizan <span class=\"_ _6\"></span>inpu<span class=\"_ _6\"></span>ts d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>ivel <span class=\"_ _6\"></span>3, <span class=\"_ _6\"></span>como s<span class=\"_ _6\"></span>on las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estimaciones de <span class=\"_ _11\"> </span>cr\u00e9dito <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _11\"> </span>crediticio <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>mpresas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>comparables <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>evaluar <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>pro<span class=\"_ _6\"></span>babilidad <span class=\"_ _12\"> </span>de quiebra <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>sociedad <span class=\"_ _10\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>parte, <span class=\"_ _15\"></span>si <span class=\"_ _15\"></span>bien, <span class=\"_ _10\"></span>dichos <span class=\"_ _15\"></span>ajustes <span class=\"_ _15\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>son <span class=\"_ _15\"></span>significativos<span class=\"_ _6\"></span>. <span class=\"_ _15\"></span>Por <span class=\"_ _15\"></span>otra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>parte, <span class=\"_ _15\"></span>las<span class=\"_ _33\"> </span>contraprestacion<span class=\"_ _6\"></span>es <span class=\"_ _1c\"> </span>contingentes <span class=\"_ _1c\"> </span>y <span class=\"_ _17\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _1c\"> </span>razonables <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1c\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _1c\"> </span>pasivos <span class=\"_ _17\"> </span>in<span class=\"_ _6\"></span>corporados <span class=\"_ _1b\"> </span>en combinaciones de negocios<span class=\"_ _6\"></span> que quedan<span class=\"_ _6\"></span> encuadradas<span class=\"_ _6\"></span> en el nivel 3 de la jerarqu\u00eda (v<span class=\"_ _6\"></span>\u00e9a<span class=\"_ _6\"></span>nse Nota<span class=\"_ _6\"></span>s 4 y 6<span class=\"_ _6\"></span><span class=\"ls19\">).<span class=\"_ _33\"> </span></span> 3.9<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Clasificaci\u00f3n<span class=\"_ _1\"></span> entre corriente y no co<span class=\"_ _e\"></span>r<span class=\"_ _6\"></span>riente </span>En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>stado <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>Situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>Financiera  consolidado, <span class=\"_ _12\"> </span>los  act<span class=\"_ _1\"></span>ivos <span class=\"_ _12\"> </span>y  pa<span class=\"_ _1\"></span>sivos <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>clasifican <span class=\"_ _12\"> </span>en  f<span class=\"_ _1\"></span>unci\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>sus vencimientos, <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>decir, <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>corrientes <span class=\"_ _6\"></span>aq<span class=\"_ _6\"></span>uellos <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>igual <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>inferior <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>oce meses <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>no corrientes los de v<span class=\"_ _6\"></span>encimiento sup<span class=\"_ _6\"></span>erior a dicho <span class=\"_ _6\"></span>per\u00edodo.  El efe<span class=\"_ _1\"></span>ctivo y otros <span class=\"_ _1\"></span>medios l\u00edquidos equivalentes se <span class=\"_ _e\"></span>clasifica como corriente, e<span class=\"_ _1\"></span>xcepto en <span class=\"_ _1\"></span>aquellos casos en <span class=\"_ _1\"></span>los que no <span class=\"_ _1\"></span>puedan ser <span class=\"_ _1\"></span>intercambiados<span class=\"_ _6\"></span> o <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>tilizados para <span class=\"_ _1\"></span>cancelar un <span class=\"_ _1\"></span>pasivo, al <span class=\"_ _1\"></span>menos dentro <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>oces meses siguientes a la fecha d<span class=\"_ _6\"></span>e cierre.<span class=\"_ _6\"></span> En <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>clasificaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>asivos <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>largo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>plazo, <span class=\"_ _15\"></span>ENCE <span class=\"_ _15\"></span>eval\u00faa <span class=\"_ _15\"></span>si <span class=\"_ _6\"></span>tiene <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>derecho <span class=\"_ _15\"></span>incondicio<span class=\"_ _6\"></span>nal <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>f<span class=\"_ _6\"></span>echa <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> cierre para aplazar la liq<span class=\"_ _6\"></span>uidaci\u00f3n de los<span class=\"_ _6\"></span> pasivos durante los<span class=\"_ _6\"></span> doce meses siguientes a la fe<span class=\"_ _6\"></span>cha d<span class=\"_ _6\"></span>e cierre.<span class=\"_ _33\"> </span>3.10<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Existencias </span></span>Las existen<span class=\"_ _6\"></span>cias de materias<span class=\"_ _6\"></span> primas <span class=\"_ _6\"></span>se valo<span class=\"_ _6\"></span>ran al coste <span class=\"_ _6\"></span>de adquisici\u00f3n, q<span class=\"_ _6\"></span>ue incluy<span class=\"_ _6\"></span>e el importe con<span class=\"_ _6\"></span>signado <span class=\"_ _6\"></span>en factura <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _11\"></span>todos <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>costes <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>incurre <span class=\"_ _0\"></span>hasta <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>bien <span class=\"_ _0\"></span>es<span class=\"_ _6\"></span>t\u00e1 <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>ENCE. <span class=\"_ _11\"></span>Las existencias <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>produ<span class=\"_ _6\"></span>ctos <span class=\"_ _0\"></span>terminados <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>curs<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>fabricaci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>valoran <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>coste <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>producci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se determina  incorp<span class=\"_ _6\"></span>orando <span class=\"_ _18\"> </span>el  coste <span class=\"_ _18\"> </span>de  los <span class=\"_ _18\"> </span>materiales,  ma<span class=\"_ _6\"></span>no <span class=\"_ _18\"> </span>de  obra, <span class=\"_ _18\"> </span>y  gasto<span class=\"_ _6\"></span>s  directos <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>generales  de fabricaci\u00f3n.  En la asigna<span class=\"_ _6\"></span>ci\u00f3n de valor a sus inventa<span class=\"_ _6\"></span>rios el Grupo utiliza<span class=\"_ _6\"></span> el m\u00e9todo del coste m<span class=\"_ _6\"></span>edio ponderado. <span class=\"_ _15\"></span> El Grupo realiza deterioros de sus existencias, con cargo a <span class=\"_ _1\"></span>resultados de e<span class=\"_ _1\"></span>xplotaci\u00f3n, para ajustar su valor al valor <span class=\"_ _11\"> </span>estimado<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>real<span class=\"_ _6\"></span>izaci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>cuando<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>\u00e9ste <span class=\"_ _11\"> </span>es <span class=\"_ _12\"> </span>inferior <span class=\"_ _11\"> </span>a<span class=\"_ _6\"></span>l <span class=\"_ _11\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>coste. <span class=\"_ _11\"> </span>Cuand<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>las <span class=\"_ _12\"> </span>circuns<span class=\"_ _6\"></span>tancias <span class=\"_ _12\"> </span>que previamente causaron la<span class=\"_ _6\"></span> correcci\u00f3n de va<span class=\"_ _6\"></span>lor dejan d<span class=\"_ _6\"></span>e existir se procede a revertir d<span class=\"_ _6\"></span>ichos deterioros.<span class=\"_ _6\"></span> Derechos de em<span class=\"_ _6\"></span>isi\u00f3n de gases de efecto<span class=\"_ _6\"></span> invernadero para uso propio<span class=\"_ _15\"></span>- Los <span class=\"_ _0\"></span>derechos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>ad<span class=\"_ _6\"></span>quiridos,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cuyo <span class=\"_ _0\"></span>destino <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fundamentalmente <span class=\"_ _0\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>utilizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>procesos productivos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>registra<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>existencias <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>valoran <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n, <span class=\"_ _10\"></span>calculado mediante <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>m\u00e9todo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>nderado, <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>ien, <span class=\"_ _6\"></span>a s<span class=\"_ _6\"></span>u valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>estimado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>realizaci\u00f3n, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i es<span class=\"_ _6\"></span>te \u00fa<span class=\"_ _6\"></span>ltimo es inferior.  Los <span class=\"_ _11\"> </span>derechos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>misi\u00f3n <span class=\"_ _11\"> </span>rec<span class=\"_ _6\"></span>ibidos <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>t\u00edtulo <span class=\"_ _12\"> </span>gratuito,  conforme<span class=\"_ _1\"></span> <span class=\"_ _11\"> </span>al <span class=\"_ _12\"> </span>r\u00e9gimen <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>co<span class=\"_ _6\"></span>mercio <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>derecho<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>de emisi\u00f3n, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _11\"> </span>a <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>valor <span class=\"_ _11\"></span>venal, <span class=\"_ _0\"></span>registr\u00e1<span class=\"_ _6\"></span>ndose <span class=\"_ _11\"></span>com<span class=\"_ _1\"></span>o <span class=\"_ _11\"></span>contrapartida <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>por <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>mismo <span class=\"_ _11\"> </span>importe, <span class=\"_ _11\"></span>una subvenci\u00f3n de capital. Dicha subvenci\u00f3n se imputa a resultados a medida que se consumen los derechos de emisi\u00f3n recibidos.<span class=\"_ _6\"></span> Por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>sumo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>derechos <span class=\"_ _15\"></span>realizado <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>largo <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>registra <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>gasto <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>l\u00ednea <span class=\"_ _6\"></span>\u201cOtros <span class=\"_ _15\"></span>Gastos de <span class=\"_ _6\"></span>explotaci\u00f3n\u201d<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>solidado, <span class=\"_ _15\"></span>reconociendo <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>prov<span class=\"_ _6\"></span>isi\u00f3n <span class=\"_ _6\"></span>cuyo <span class=\"_ _15\"></span>importe <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>calcu<span class=\"_ _6\"></span>la en <span class=\"_ _15\"></span>funci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>derechos <span class=\"_ _15\"></span>c<span class=\"_ _6\"></span>onsu<span class=\"_ _6\"></span>midos, <span class=\"_ _15\"></span>valo<span class=\"_ _6\"></span>rad<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>su <span class=\"_ _15\"></span>coste <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>corresp<span class=\"_ _6\"></span>onde <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el valor <span class=\"_ _e\"></span>en libros <span class=\"_ _a\"></span>para <span class=\"_ _1\"></span>aquellos <span class=\"_ _e\"></span>derechos <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>posean <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>cierre <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>period<span class=\"_ _6\"></span>o, <span class=\"_ _e\"></span>con e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>valor <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>compra <span class=\"_ _e\"></span>establecido en los contratos de compra a plazo d<span class=\"_ _6\"></span>isponibles, y con el valor de mercado al cierre d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>eriodo para el resto de derechos. Cuando <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>derechos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>consumidos <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>entregan <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>autoridades, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>dan <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>baja <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"></span>de Situaci\u00f3n Financiera consolidado tanto las existencias de <span class=\"_ _e\"></span>derechos<span class=\"_ _6\"></span> como la provisi\u00f3n con<span class=\"_ _1\"></span>stituida asociada al consumo de dicho<span class=\"_ _6\"></span>s derechos<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Certificados de <span class=\"_ _6\"></span>garant\u00eda de origen <span class=\"_ _6\"></span>renovable<span class=\"_ _6\"></span>- Los <span class=\"_ _18\"> </span>certificados  de <span class=\"_ _18\"> </span>garant\u00eda<span class=\"_ _6\"></span>  de <span class=\"_ _18\"> </span>origen <span class=\"_ _18\"> </span>renovable  g<span class=\"_ _6\"></span>enerados<span class=\"_ _6\"></span>  en <span class=\"_ _18\"> </span>la  p<span class=\"_ _6\"></span>roducci\u00f3n <span class=\"_ _18\"> </span>de  energ\u00eda <span class=\"_ _18\"> </span>a  partir <span class=\"_ _18\"> </span>de instalaciones p<span class=\"_ _6\"></span>ropias que hacen uso de recursos <span class=\"_ _6\"></span>renovables<span class=\"_ _6\"></span> se <span class=\"ff6\">registran el cap\u00edtulo \u201cExistencias\u201d<span class=\"_ _6\"></span> del Estado </span>de <span class=\"_ _6\"></span>Situaci\u00f3n <span class=\"_ _15\"></span>Financiera <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>valoran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonable <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>certificaci\u00f3n<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Posteriormente,<span class=\"_ _6\"></span> se valoran al menor <span class=\"_ _6\"></span>entre su coste y<span class=\"_ _6\"></span> su valor neto d<span class=\"_ _6\"></span>e realizaci\u00f3n.<span class=\"_ _33\"> </span> <span class=\"_ _6\"></span> 3.11<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Subvencione<span class=\"_ _1\"></span>s </span></span>Las subvencion<span class=\"_ _6\"></span>es de capital no reintegrables, asociadas a inversiones en a<span class=\"_ _6\"></span>ctivos productivos, se valoran por el <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>razonable <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>importe <span class=\"_ _15\"></span>concedido, <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>eto <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>costes <span class=\"_ _15\"></span>incurridos <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>obtenci\u00f3n, <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reconocen<span class=\"_ _6\"></span> cuando se <span class=\"_ _e\"></span>han cumplido <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>requisitos asociados a <span class=\"_ _e\"></span>su concesi\u00f3n. <span class=\"_ _e\"></span>Es<span class=\"_ _6\"></span>tas <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ubvenciones se <span class=\"_ _e\"></span>imputa<span class=\"_ _6\"></span>n <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>resultados<span class=\"_ _33\"> </span>en el e<span class=\"_ _1\"></span>p\u00edgrafe \u201c<span class=\"ff4\">Otros ingresos de explotaci\u00f3n<span class=\"_ _6\"></span></span>\u201d en proporci\u00f3n a la dotaci\u00f3n a <span class=\"_ _1\"></span>la amortizaci\u00f3n efectuada en el per\u00edodo para los<span class=\"_ _6\"></span> elementos s<span class=\"_ _6\"></span>ubvencionado<span class=\"_ _6\"></span>s o, en s<span class=\"_ _6\"></span>u caso, cuando<span class=\"_ _6\"></span> se produzca<span class=\"_ _6\"></span> su en<span class=\"_ _15\"></span>ajenaci\u00f3n o<span class=\"_ _6\"></span> correcci\u00f3n valorativa p<span class=\"_ _6\"></span>or deterioro.<span class=\"_ _33\"> </span>Por <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ubvenciones <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>explotaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>i<span class=\"_ _6\"></span>mputan <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>resultados <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ep\u00edgrafe<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>\u201cOt<span class=\"_ _6\"></span>ros <span class=\"_ _0\"></span>ingresos <span class=\"_ _0\"></span>de explotaci\u00f3n\u201d <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se conc<span class=\"_ _6\"></span>eden, ex<span class=\"_ _6\"></span>cepto <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>se con<span class=\"_ _6\"></span>ceden para <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciar <span class=\"_ _6\"></span>gastos <span class=\"_ _6\"></span>espec\u00edficos, en cuyo caso la<span class=\"_ _6\"></span> imputaci\u00f3n s<span class=\"_ _6\"></span>e realizar\u00e1 a medida q<span class=\"_ _6\"></span>ue se devenguen los<span class=\"_ _6\"></span> gastos subvencion<span class=\"_ _6\"></span>ados.<span class=\"_ _6\"></span> Los <span class=\"_ _18\"> </span>pr\u00e9stamos <span class=\"_ _18\"> </span>subvencion<span class=\"_ _6\"></span>ados <span class=\"_ _18\"> </span>sin <span class=\"_ _18\"> </span>inter\u00e9s <span class=\"_ _18\"> </span>o <span class=\"_ _18\"> </span>a  un<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>tipo  de <span class=\"_ _18\"> </span>inter\u00e9s <span class=\"_ _18\"> </span>inferior <span class=\"_ _18\"> </span>al <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>mercado, <span class=\"_ _18\"> </span>otorgados principalmente <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>financiar <span class=\"_ _10\"></span>proyectos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>I+D+i <span class=\"_ _10\"></span>e <span class=\"_ _10\"></span>inversiones <span class=\"_ _10\"></span>produ<span class=\"_ _6\"></span>ctivas, <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>registran <span class=\"_ _10\"></span>inicialmente <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su valor razonable en <span class=\"_ _e\"></span>el ep\u00edgrafe \u201cOtros <span class=\"_ _1\"></span>pasivos financieros\u201d del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _1\"></span>consolidado<span class=\"_ _6\"></span>. La<span class=\"_ _1\"></span> diferencia <span class=\"_ _11\"></span>entre <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>importe<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>recibido <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>pr\u00e9stamo <span class=\"_ _0\"></span>y <span class=\"_ _11\"> </span>su<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>ra<span class=\"_ _6\"></span>zonable <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>re<span class=\"_ _6\"></span>gistra <span class=\"_ _11\"> </span>inicialmente <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el ep\u00edgrafe <span class=\"_ _10\"></span>\u201cSubv<span class=\"_ _6\"></span>enciones\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>Fina<span class=\"_ _6\"></span>nciera <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>solidado, <span class=\"_ _0\"></span>imput\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>result<span class=\"_ _15\"></span><span class=\"ff4\">ados <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el </span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cSub<span class=\"_ _6\"></span>venciones <span class=\"_ _11\"></span>transferidas <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>res<span class=\"_ _6\"></span>ultado <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>ejercicio\u201d <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>medida <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>activos <span class=\"_ _0\"></span>financiad<span class=\"_ _6\"></span>os <span class=\"_ _11\"></span>con dicho pr\u00e9stamo s<span class=\"_ _6\"></span>e amortizan.<span class=\"_ _33\"> </span> <span class=\"_ _6\"></span> 3.12<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Instalacione<span class=\"_ _1\"></span>s cedidas a te<span class=\"_ _1\"></span>rceros </span></span>Las <span class=\"_ _15\"></span>compens<span class=\"_ _6\"></span>aciones <span class=\"_ _15\"></span>recibid<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>terceros <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>efectivo <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>cesi\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>derecho <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>uso <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>instalaciones <span class=\"_ _15\"></span>de acceso a la red <span class=\"_ _1\"></span>el\u00e9ctrica se contabilizan con abono al ep\u00edgrafe <span class=\"_ _1\"></span>\u201cPeriodificaciones a Largo Plazo\u201d del Estado de Situaci\u00f3n <span class=\"_ _15\"></span>Fina<span class=\"_ _6\"></span>nciera <span class=\"_ _15\"></span>conso<span class=\"_ _6\"></span>lidado, <span class=\"_ _15\"></span>impu<span class=\"_ _6\"></span><span class=\"ff6\">t\u00e1<span class=\"_ _6\"></span>ndose <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>resultados <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cOtros<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ingres<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>explotaci\u00f3n\u201d </span>del Estado d<span class=\"_ _6\"></span>e resultado consolidado lin<span class=\"_ _6\"></span>ealmente en el period<span class=\"_ _6\"></span>o de vigencia del derecho.<span class=\"_ _15\"></span> El Grupo mantiene ingresos anticipados por e<span class=\"_ _1\"></span>ste concepto al 31 <span class=\"_ _1\"></span>de diciembre <span class=\"_ _1\"></span>de 2024 y 2023 por importe de 2.565 <span class=\"ff6\">miles \u20ac y </span>2.713 <span class=\"_ _6\"></span><span class=\"ff6\">miles \u20ac, resp<span class=\"_ _6\"></span>ectivamente.</span> 3.13<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Provisiones <span class=\"_ _1\"></span>y contingencia<span class=\"_ _e\"></span>s<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"><span class=\"_ _6\"></span> </span></span>ENCE recoge provisiones para hacer <span class=\"_ _1\"></span>frente a obligaciones presentes, ya <span class=\"_ _1\"></span>sean legales o impl\u00edcitas, que tienen<span class=\"_ _1\"></span> su orige<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>sucesos ya <span class=\"_ _e\"></span>acaec<span class=\"_ _6\"></span>idos,<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>siempre <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ea <span class=\"_ _1\"></span>probabl<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _1\"></span>vaya a <span class=\"_ _e\"></span>ser necesaria <span class=\"_ _e\"></span>una<span class=\"_ _6\"></span> salida <span class=\"_ _e\"></span>de recursos para liquidarlas<span class=\"_ _6\"></span>, y que su importe se p<span class=\"_ _6\"></span>ueda <span class=\"_ _6\"></span>estimar razonablement<span class=\"_ _6\"></span>e.  Su <span class=\"_ _e\"></span>dota<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _e\"></span>se e<span class=\"_ _1\"></span>fect\u00faa <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>nacimiento <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>responsab<span class=\"_ _6\"></span>ilidad <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>obligaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ep\u00edgrafe del <span class=\"_ _e\"></span>Estad<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>Resultado <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>solidado<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>corr<span class=\"_ _6\"></span>esponda <span class=\"_ _6\"></span>seg\u00fan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>naturaleza <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>obligaci\u00f3n, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>resente <span class=\"_ _6\"></span>de la <span class=\"_ _1c\"> </span>misma <span class=\"_ _17\"> </span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _1c\"> </span>el <span class=\"_ _17\"> </span>efecto <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>esta <span class=\"_ _17\"> </span>act<span class=\"_ _6\"></span>ualizaci\u00f3n <span class=\"_ _1c\"> </span>resulte <span class=\"_ _1c\"> </span>significativo. <span class=\"_ _1c\"> </span>La <span class=\"_ _1c\"> </span>variaci\u00f3n <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>la <span class=\"_ _17\"> </span>prov<span class=\"_ _6\"></span>isi\u00f3n correspondiente a la <span class=\"_ _e\"></span>actualizaci\u00f3<span class=\"_ _6\"></span>n financiera <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e cada <span class=\"_ _e\"></span>ejerci<span class=\"_ _6\"></span>cio se <span class=\"_ _1\"></span>registra en <span class=\"_ _e\"></span>el ep\u00edgrafe \u201cGastos financieros\u201d del Estado d<span class=\"_ _6\"></span>e Resultado consolidado<span class=\"_ _6\"></span>. Las <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>rovisiones, <span class=\"_ _11\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>cuantifican <span class=\"_ _0\"></span>ten<span class=\"_ _6\"></span>iendo <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>consideraci\u00f3n <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>mejor <span class=\"_ _0\"></span>informaci\u00f3n <span class=\"_ _11\"> </span>disponible <span class=\"_ _11\"></span>sobre <span class=\"_ _0\"></span>las consecuencias <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>suceso <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>traen <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>causa, <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>reestimadas <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>ocasi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>cada <span class=\"_ _10\"></span>cierre <span class=\"_ _10\"></span>contab<span class=\"_ _6\"></span>le (v\u00e9ase Nota 4). Se u<span class=\"_ _6\"></span>tiliza una ta<span class=\"_ _6\"></span>sa libre de riesgo para <span class=\"_ _6\"></span>actualizar las prov<span class=\"_ _6\"></span>isiones financieramente.<span class=\"_ _33\"> </span>Los pa<span class=\"_ _1\"></span>sivos contingentes <span class=\"_ _e\"></span>constituy<span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>obligaciones po<span class=\"_ _1\"></span>sibles c<span class=\"_ _e\"></span>on<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>terceras <span class=\"_ _1\"></span>partes <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>ob<span class=\"_ _6\"></span>ligaciones e<span class=\"_ _1\"></span>xistentes que<span class=\"_ _1\"></span> no son recono<span class=\"_ _6\"></span>cidas bien p<span class=\"_ _6\"></span>orque no es p<span class=\"_ _6\"></span>robable que s<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>duzca un<span class=\"_ _6\"></span>a salida d<span class=\"_ _6\"></span>e flujos econ\u00f3<span class=\"_ _6\"></span>micos requerida para <span class=\"_ _10\"></span>cancelar <span class=\"_ _0\"></span>dicha <span class=\"_ _10\"></span>obligaci\u00f3n, <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _0\"></span>porq<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>salida <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>flujo<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>puede <span class=\"_ _10\"></span>ser <span class=\"_ _10\"></span>estimado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de forma fiable. Los <span class=\"_ _15\"></span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>tingentes <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _15\"></span>an<span class=\"_ _6\"></span>uales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>solidadas, <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ino <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>obre los mismos en la memoria, <span class=\"_ _6\"></span>en la medida en q<span class=\"_ _6\"></span>ue no sean co<span class=\"_ _6\"></span>nsiderados co<span class=\"_ _6\"></span>mo remotos.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Indemnizac<span class=\"_ _6\"></span>iones por cese<span class=\"_ _33\"> </span>De <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>reglamentaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>laboral <span class=\"_ _0\"></span>vigente, <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>obligado <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>pago <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>indemnizaciones <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los empleados <span class=\"_ _f\"> </span>con <span class=\"_ _23\"> </span>los <span class=\"_ _23\"> </span>qu<span class=\"_ _6\"></span>e, <span class=\"_ _f\"> </span>bajo <span class=\"_ _23\"> </span>determinadas <span class=\"_ _f\"> </span>condiciones, <span class=\"_ _f\"> </span>rescinda <span class=\"_ _23\"> </span>su<span class=\"_ _6\"></span>s <span class=\"_ _23\"> </span>relaciones<span class=\"_ _6\"></span> <span class=\"_ _23\"> </span>laborales. <span class=\"_ _f\"> </span>Las indemnizaciones <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>cese <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>xis<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>plan <span class=\"_ _15\"></span>formal <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>etallado <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>llevar <span class=\"_ _15\"></span>a cabo <span class=\"_ _12\"> </span>la <span class=\"_ _1a\"> </span>restructuraci\u00f3n  y <span class=\"_ _11\"> </span>se  ha <span class=\"_ _11\"> </span>generado  una <span class=\"_ _11\"> </span>expectativ<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>v\u00e1lid<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>entre <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>pers<span class=\"_ _6\"></span>onal <span class=\"_ _12\"> </span>afectado  de <span class=\"_ _11\"> </span>que <span class=\"_ _12\"> </span>la reestructuraci\u00f3n <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>va <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>llevar <span class=\"_ _10\"></span>a <span class=\"_ _11\"> </span>cabo<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>No <span class=\"_ _11\"></span>se <span class=\"_ _10\"></span>dis<span class=\"_ _6\"></span>pone <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>rovisiones <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>cepto <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>cierre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los ejercicios 2024 y 2023.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Procedimientos ju<span class=\"_ _6\"></span>diciales y/o reclamacion<span class=\"_ _6\"></span>es en curso<span class=\"_ _6\"></span> Al  cie<span class=\"_ _1\"></span>rre  de  los <span class=\"_ _12\"> </span>ejer<span class=\"_ _6\"></span>cicios  2024  y  2023 <span class=\"_ _12\"> </span>se  encontrab<span class=\"_ _6\"></span>an  en <span class=\"_ _12\"> </span>cu<span class=\"_ _6\"></span>rso  distintos  procedimientos  judiciales  y reclamaciones <span class=\"_ _1e\"> </span>entab<span class=\"_ _6\"></span>lados <span class=\"_ _1e\"> </span>contra <span class=\"_ _1e\"> </span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _1e\"> </span>con <span class=\"_ _1e\"> </span>origen <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _1e\"> </span>desar<span class=\"_ _6\"></span>rollo <span class=\"_ _1e\"> </span>habitual <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>sus <span class=\"_ _1e\"> </span>actividades<span class=\"_ _6\"></span>. <span class=\"_ _1e\"> </span>Los Administradores,  considerando  la <span class=\"_ _12\"> </span>opini\u00f3n  de <span class=\"_ _12\"> </span>los  asesores  legale<span class=\"_ _1\"></span>s,  estiman <span class=\"_ _12\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>la  conclusi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>estos procedimientos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>reclamaciones <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>producir\u00e1 <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>efecto <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ignificativo <span class=\"_ _10\"></span>adicional <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ya <span class=\"_ _15\"></span>recogidos <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>estos estados finan<span class=\"_ _6\"></span>cieros.<span class=\"_ _33\"> </span>3.14<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Prestaciones Pos<span class=\"_ _1\"></span>t empleo y otros<span class=\"_ _1\"></span> beneficios so<span class=\"_ _1\"></span>ciales </span></span>Las sociedades del <span class=\"_ _e\"></span>Grupo<span class=\"_ _6\"></span>, en <span class=\"_ _1\"></span>su mayor parte, tienen <span class=\"_ _1\"></span>establecido un compromiso de <span class=\"_ _1\"></span>aportaci\u00f3n<span class=\"_ _6\"></span> definida <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> el <span class=\"_ _0\"></span>personal <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>permanece <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>cierre <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _0\"></span>consistente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>aportaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la Sociedad y del trab<span class=\"_ _6\"></span>ajador de <span class=\"_ _6\"></span>un porcentaje p<span class=\"_ _6\"></span>reestablecido d<span class=\"_ _6\"></span>el sueldo pension<span class=\"_ _6\"></span>able al \u201cPla<span class=\"_ _6\"></span>n de pension<span class=\"_ _6\"></span>es de Promoci\u00f3n <span class=\"_ _15\"></span>Conju<span class=\"_ _6\"></span>n<span class=\"ff6\">ta\u201d <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _15\"></span>promovido <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>amparo <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>ar<span class=\"_ _6\"></span>t\u00edculo <span class=\"_ _15\"></span>40 <span class=\"_ _15\"></span>d) <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Reglamento <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Planes <span class=\"_ _15\"></span>y </span>Fondos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Pension<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>(aportaci\u00f3n <span class=\"_ _15\"></span>definida). <span class=\"_ _15\"></span>Este <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lan <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pensiones <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>encuentra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>integrado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _0\"></span>fondo <span class=\"_ _15\"></span>de Pensiones <span class=\"_ _0\"></span>SERVIREN<span class=\"_ _6\"></span>TA <span class=\"_ _0\"></span>II <span class=\"_ _0\"></span>F.P. <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>cobertura <span class=\"_ _0\"></span>tanto<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>prestaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>jubilaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or invalidez y <span class=\"_ _1\"></span>fallecimiento de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> part\u00edcipes. <span class=\"_ _1\"></span>El Grupo <span class=\"_ _e\"></span>no tiene <span class=\"_ _1\"></span>compromisos de <span class=\"_ _1\"></span>prestaci\u00f3n definida <span class=\"_ _e\"></span>relevan<span class=\"_ _6\"></span>tes.<span class=\"_ _15\"></span> Con car\u00e1cter <span class=\"_ _6\"></span>general, <span class=\"_ _6\"></span>y en <span class=\"_ _6\"></span>relaci\u00f3n<span class=\"_ _6\"></span> al <span class=\"_ _6\"></span>componente d<span class=\"_ _6\"></span>e ahorro<span class=\"_ _6\"></span>, el b<span class=\"_ _6\"></span>eneficiario ap<span class=\"_ _6\"></span>orta el <span class=\"_ _6\"></span>1% <span class=\"_ _6\"></span>de su<span class=\"_ _6\"></span> retribuci\u00f3n fija y <span class=\"_ _6\"></span>ENCE ap<span class=\"_ _6\"></span>orta en to<span class=\"_ _6\"></span>rno al 5% <span class=\"_ _6\"></span>de \u00e9sta. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>su parte, <span class=\"_ _6\"></span>el componente <span class=\"_ _6\"></span>de riesgo, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se materializa en <span class=\"_ _6\"></span>una p\u00f3liza <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>seguro <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>vida <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>accidentes, <span class=\"_ _15\"></span>s<span class=\"_ _15\"></span>e <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cia <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>50% <span class=\"_ _10\"></span>entre <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>partes. <span class=\"_ _10\"></span>Las <span class=\"_ _10\"></span>contingencias <span class=\"_ _10\"></span>cubiertas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por dicha <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>\u00f3liza <span class=\"_ _6\"></span>son <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iguientes: <span class=\"_ _6\"></span>ju<span class=\"_ _6\"></span>bilaci\u00f3n, <span class=\"_ _15\"></span>invalidez <span class=\"_ _6\"></span>permanente <span class=\"_ _15\"></span>total, <span class=\"_ _15\"></span>incapacidad <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ermanente <span class=\"_ _6\"></span>abso<span class=\"_ _6\"></span>luta, y el <span class=\"_ _6\"></span>fallecimiento. <span class=\"_ _15\"></span>El <span class=\"_ _6\"></span>cap<span class=\"_ _6\"></span>ital <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>egurado <span class=\"_ _6\"></span>equ<span class=\"_ _6\"></span>ivale <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>35 <span class=\"_ _6\"></span>mensualid<span class=\"_ _6\"></span>ades <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>retribu<span class=\"_ _15\"></span>ci\u00f3n <span class=\"_ _15\"></span>fija, <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>doble <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>caso de que las contin<span class=\"_ _6\"></span>gencias sean derivadas<span class=\"_ _6\"></span> de accidente.<span class=\"_ _6\"></span> Para determinados directivos del <span class=\"_ _e\"></span>Grupo, entre los que <span class=\"_ _e\"></span>se incluye al Presidente <span class=\"_ _1\"></span>y a <span class=\"_ _e\"></span>la alta direcci\u00f3n, existe <span class=\"_ _1\"></span>un sistema <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>revisi\u00f3n <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ocial, <span class=\"_ _10\"></span>c<span class=\"_ _6\"></span>omplementario <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>plan <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>pen<span class=\"_ _6\"></span>siones <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>empleo, <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>trumentado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>tra<span class=\"_ _6\"></span>v\u00e9s <span class=\"_ _10\"></span>de seguros colectivos<span class=\"_ _6\"></span>, destinado a cubrir tan<span class=\"_ _6\"></span>to la jubilaci\u00f3n como los<span class=\"_ _6\"></span> riesgos de invalidez y fallecimiento de los<span class=\"_ _6\"></span> asegurados.  Las <span class=\"_ _15\"></span>contribucion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>planes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>presta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>post <span class=\"_ _15\"></span>empleo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>ortaci\u00f3n <span class=\"_ _15\"></span>definida <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>gasto en el ep\u00edgrafe \u201cGastos<span class=\"_ _6\"></span> de personal\u201d d<span class=\"_ _6\"></span>el Estado de Resulta<span class=\"_ _6\"></span>do consolidado d<span class=\"_ _6\"></span>e acuerdo a su devengo.<span class=\"_ _33\"> </span>Por <span class=\"_ _0\"></span>otra <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>colectivo <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>antiguos <span class=\"_ _0\"></span>trab<span class=\"_ _6\"></span>ajadores <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>filial <span class=\"_ _11\"></span>Celulosas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Asturias, <span class=\"_ _11\"></span>S.A. <span class=\"_ _10\"></span>manti<span class=\"_ _6\"></span>ene <span class=\"_ _0\"></span>un beneficio consis<span class=\"_ _6\"></span>tente en <span class=\"_ _6\"></span>un seguro <span class=\"_ _6\"></span>de v<span class=\"_ _6\"></span>ida e <span class=\"_ _6\"></span>incapacidad<span class=\"_ _6\"></span>. Este compromiso<span class=\"_ _6\"></span> se <span class=\"_ _6\"></span>externaliz\u00f3 en <span class=\"_ _6\"></span>2014 a <span class=\"_ _6\"></span>trav\u00e9s de una compa\u00f1\u00eda <span class=\"_ _6\"></span>de seguros. Planes de ince<span class=\"_ _6\"></span>ntivos a largo p<span class=\"_ _6\"></span>lazo El <span class=\"_ _11\"> </span>Grupo <span class=\"_ _12\"> </span>valora <span class=\"_ _12\"> </span>estos <span class=\"_ _11\"> </span>compromisos <span class=\"_ _12\"> </span>con <span class=\"_ _11\"> </span>empleados<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>cada <span class=\"_ _11\"> </span>fecha <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>considerando <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>valor estimado <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>compromis<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>vencimiento <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>tiempo <span class=\"_ _0\"></span>transcurrido <span class=\"_ _0\"></span>resp<span class=\"_ _6\"></span>ecto <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>periodo<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de devengo. Estos <span class=\"_ _10\"></span>compromisos <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cGastos <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>person<span class=\"_ _6\"></span>al\u201d <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>Resultado <span class=\"_ _10\"></span>consolidad<span class=\"_ _6\"></span>o linealmente <span class=\"_ _11\"> </span>dura<span class=\"_ _6\"></span>nte <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>per\u00edo<span class=\"_ _6\"></span>do <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>devengo <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>Plan <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>Incentivos, <span class=\"_ _11\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>su <span class=\"_ _11\"> </span>contrapartid<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>ser\u00e1 <span class=\"_ _11\"> </span>dis<span class=\"_ _6\"></span>tinta <span class=\"_ _11\"> </span>en<span class=\"_ _33\"> </span>funci\u00f3n d<span class=\"_ _6\"></span>el modo <span class=\"_ _6\"></span>de liquid<span class=\"_ _6\"></span>aci\u00f3n. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>el caso <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>comp<span class=\"_ _6\"></span>romisos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se liquid<span class=\"_ _6\"></span>an en <span class=\"_ _6\"></span>acciones d<span class=\"_ _6\"></span>e ENCE, <span class=\"_ _6\"></span>el gas<span class=\"_ _6\"></span>to devengado <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>reconocer\u00e1 <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cPatrimonio <span class=\"_ _10\"></span>neto <span class=\"_ _11\"></span>\u2013<span class=\"ff4\"> <span class=\"_ _15\"></span></span>Otros <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>patrimonio <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>eto\u201d <span class=\"_ _10\"></span>del Estado <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>Situaci\u00f3n <span class=\"_ _1c\"> </span>Fina<span class=\"_ _6\"></span>nciera <span class=\"_ _1b\"> </span>consolidado, <span class=\"_ _1b\"> </span>teniendo <span class=\"_ _1b\"> </span>en <span class=\"_ _1b\"> </span>consideraci\u00f3n <span class=\"_ _1b\"> </span>el <span class=\"_ _1c\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1b\"> </span>razonable <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>los<span class=\"_ _6\"></span> instrumentos <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>patrimonio <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>concesi\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>pasivo <span class=\"_ _0\"></span>devengado <span class=\"_ _0\"></span>asociad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los compromisos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>liqu<span class=\"_ _6\"></span>idan en <span class=\"_ _6\"></span>efectivo <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>reconocer\u00e1 <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>abono <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _6\"></span>\u201cProvisiones\u201d <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>asivo <span class=\"_ _6\"></span>del Estado de Situaci\u00f3n Fin<span class=\"_ _6\"></span>anciera con<span class=\"_ _6\"></span>solidado.<span class=\"_ _6\"></span> Las <span class=\"_ _0\"></span>estimacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>realizadas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>para <span class=\"_ _11\"></span>valorar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>comp<span class=\"_ _6\"></span>romiso <span class=\"_ _0\"></span>asumido <span class=\"_ _11\"> </span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ersonal <span class=\"_ _11\"></span>son <span class=\"_ _0\"></span>revisadas <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>cada cierre <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>table, <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>impacto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>variaciones <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>registra<span class=\"_ _15\"></span>, <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _0\"></span>prosp<span class=\"_ _6\"></span>ectiva, <span class=\"_ _0\"></span>durante <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>de devengo restante.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 3.15<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Reconocimiento<span class=\"_ _1\"></span> de ingresos y <span class=\"_ _1\"></span>gastos<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"> </span></span>Los \u201cIngresos<span class=\"_ _6\"></span> ordinarios\u201d <span class=\"_ _6\"></span><span class=\"ff4\">derivados de contra<span class=\"_ _6\"></span>tos con clientes se reconocen en<span class=\"_ _6\"></span> funci\u00f3n del cumpli<span class=\"_ _6\"></span>miento de </span>las  o<span class=\"_ _6\"></span>bligaciones <span class=\"_ _18\"> </span>de  desempe\u00f1o<span class=\"_ _6\"></span>  con <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>clientes,  y <span class=\"_ _1e\"> </span>representan<span class=\"_ _6\"></span>  los <span class=\"_ _18\"> </span>importes <span class=\"_ _18\"> </span>a  cobrar <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>los  bienes entregados y servicios prestados en el marco ordinario de la actividad,<span class=\"_ _6\"></span> netos de devoluciones y descuentos, y <span class=\"_ _6\"></span>cantid<span class=\"_ _6\"></span>ades <span class=\"_ _6\"></span>recibidas <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>terceros, <span class=\"_ _15\"></span>tales <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>impuesto <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>a\u00f1adido. <span class=\"_ _15\"></span>Los <span class=\"_ _6\"></span>i<span class=\"_ _15\"></span>ngreso<span class=\"_ _6\"></span>s se  reconocen  cuando  se  pueden  medir  con  fiabilidad  y  es  probable  que  ENCE  recibir\u00e1  los  benef<span class=\"_ _15\"></span>icios econ\u00f3micos asociado<span class=\"_ _6\"></span>s a la transacci\u00f3n<span class=\"_ _6\"></span>, y se valoran por el valor razo<span class=\"_ _6\"></span>nable de la contra<span class=\"_ _6\"></span>prestaci\u00f3n recibida o a recibir.<span class=\"_ _33\"> </span>En este sentido, los ingresos procedentes de la venta de bienes se reconocen cuando se trans<span class=\"_ _6\"></span>fiere al cliente el <span class=\"_ _11\"> </span>contro<span class=\"_ _6\"></span>l <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>obre <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>mismos,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>mom<span class=\"_ _6\"></span>ento <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>enta <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>celulosa <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>determina  en <span class=\"_ _11\"> </span>base <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>incoterm (t\u00e9rminos <span class=\"_ _12\"> </span>internacionales <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>comercio<span class=\"_ _6\"></span>) <span class=\"_ _11\"> </span>ap<span class=\"_ _6\"></span>licado <span class=\"_ _12\"> </span>a<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>cad<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>transacci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>venta <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>madera <span class=\"_ _12\"> </span>coincide normalmente <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>entrega <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>cliente. <span class=\"_ _15\"></span>La<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>obligaciones <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _15\"></span>clientes <span class=\"_ _10\"></span>se completan <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>el  momento<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>la  entrega <span class=\"_ _18\"> </span>del <span class=\"_ _18\"> </span>bien, <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>las <span class=\"_ _18\"> </span>devoluciones <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>parte  de <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>clientes <span class=\"_ _18\"> </span>son excepcionales. Por <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>arte, <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>ingresos <span class=\"_ _15\"></span>asociados <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>venta <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>electricidad <span class=\"_ _10\"></span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>tarifa <span class=\"_ _10\"></span>percibida <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>mercado, <span class=\"_ _10\"></span>as\u00ed como <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>rimas <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>fuentes <span class=\"_ _0\"></span>renovab<span class=\"_ _6\"></span>les <span class=\"_ _10\"></span>legalmente <span class=\"_ _0\"></span>reconocidas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>sus mecanismos de ajus<span class=\"_ _6\"></span>te o comp<span class=\"_ _6\"></span>ensaci\u00f3n (Vajd<span class=\"_ _6\"></span>m), y se recon<span class=\"_ _6\"></span>ocen en <span class=\"_ _6\"></span>el momento de<span class=\"_ _6\"></span> su gen<span class=\"_ _6\"></span>eraci\u00f3n y entrega al cliente, en funci\u00f3n<span class=\"_ _6\"></span> de las cantid<span class=\"_ _6\"></span>ades suminis<span class=\"_ _6\"></span>tradas, y <span class=\"_ _6\"></span>por el importe bruto d<span class=\"_ _6\"></span>e venta, en <span class=\"_ _6\"></span>la medida en que<span class=\"_ _6\"></span> se act\u00faa como prin<span class=\"_ _6\"></span>cipal. El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>Ence <span class=\"_ _0\"></span>ha <span class=\"_ _11\"></span>suscrito <span class=\"_ _0\"></span>acuerdos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>biometano<span class=\"_ _15\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _11\"></span>(Biomethane <span class=\"_ _0\"></span>an<span class=\"_ _6\"></span>d <span class=\"_ _0\"></span>Power <span class=\"_ _0\"></span>Purchas<span class=\"_ _6\"></span>e Agreement). Estos co<span class=\"_ _6\"></span>ntratos que su<span class=\"_ _6\"></span>ponen la entrega f\u00edsica d<span class=\"_ _6\"></span>e energ\u00eda, como norma <span class=\"_ _6\"></span>general, s<span class=\"_ _6\"></span>on calificados como <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>tratos <span class=\"_ _0\"></span>destinados <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>cub<span class=\"_ _6\"></span>rir <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>n<span class=\"_ _6\"></span>ecesidades <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>compra, <span class=\"_ _0\"></span>venta <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>tilizaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _0\"></span>quedando fuera <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>alcance <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>NIIF <span class=\"_ _10\"></span>9 <span class=\"_ _15\"></span>y <span class=\"_ _0\"></span>se <span class=\"_ _15\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>contablemente <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>medida <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _10\"></span>recibe <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>transmite <span class=\"_ _10\"></span>los derechos y obligacion<span class=\"_ _6\"></span>es originados p<span class=\"_ _6\"></span>or los mismos.<span class=\"_ _33\"> </span>Los <span class=\"_ _6\"></span>ingresos <span class=\"_ _6\"></span>asociad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>prestaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e recono<span class=\"_ _6\"></span>cen <span class=\"_ _6\"></span>considerando <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>grado<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de realizaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e la prestaci\u00f3n <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cierr<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>estados <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cieros, <span class=\"_ _15\"></span>siempre <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>cuando <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>trans<span class=\"_ _6\"></span>acci\u00f3n pueda ser estimado co<span class=\"_ _6\"></span>n fiabilidad. <span class=\"_ _6\"></span> Los in<span class=\"_ _6\"></span>gresos por <span class=\"_ _6\"></span>intereses se <span class=\"_ _6\"></span>reconocen siguiend<span class=\"_ _6\"></span>o un <span class=\"_ _6\"></span>criterio finan<span class=\"_ _6\"></span>ciero, en <span class=\"_ _6\"></span>funci\u00f3n <span class=\"_ _6\"></span>del principal <span class=\"_ _6\"></span>pendiente de pago, el plazo h<span class=\"_ _6\"></span>asta el vencimiento, y<span class=\"_ _6\"></span> el tipo de inter\u00e9s efectiv<span class=\"_ _6\"></span>o aplicable.<span class=\"_ _33\"> </span> <span class=\"_ _6\"></span> Los <span class=\"_ _15\"></span>ingresos <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>dividend<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>procedentes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inv<span class=\"_ _6\"></span>ersiones <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>derecho <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>su percepci\u00f3n. Los <span class=\"_ _0\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _11\"></span>a <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>devengo. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e reconoce un gasto d<span class=\"_ _6\"></span>e forma inmediata cu<span class=\"_ _6\"></span>ando no s<span class=\"_ _6\"></span>e prev\u00e9 que genere beneficios econ<span class=\"_ _6\"></span>\u00f3micos futuros<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Ingresos por ventas de<span class=\"_ _6\"></span> electric<span class=\"_ _6\"></span>idad- De acu<span class=\"_ _6\"></span>erdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>lo <span class=\"_ _15\"></span>establecido <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>R<span class=\"_ _6\"></span>D <span class=\"_ _6\"></span>413/2014, <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e gen<span class=\"_ _6\"></span>eraci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>energ\u00eda reno<span class=\"_ _6\"></span>vable <span class=\"_ _6\"></span>en Espa\u00f1a reciben determinados <span class=\"_ _1\"></span>incentivos, estableciendo que, <span class=\"_ _1\"></span>adicionalmente a <span class=\"_ _1\"></span>la retribuci\u00f3n por la <span class=\"_ _e\"></span>venta de energ\u00eda generada valorada a precio de mercado, las instalaciones podr\u00e1n<span class=\"_ _6\"></span> percibir una retribuci\u00f3n espec\u00edfica compuesta por un <span class=\"_ _e\"></span>t\u00e9rmino por <span class=\"_ _1\"></span>unidad de <span class=\"_ _1\"></span>potencia (retribuci\u00f3n <span class=\"_ _1\"></span>a la <span class=\"_ _e\"></span>inversi\u00f3n<span class=\"_ _6\"></span>) que <span class=\"_ _e\"></span>cub<span class=\"_ _6\"></span>ra c<span class=\"_ _1\"></span>uando proceda lo<span class=\"_ _1\"></span>s costes de invers<span class=\"_ _6\"></span>i\u00f3n de una <span class=\"_ _6\"></span>instalaci\u00f3n tipo (IT) que n<span class=\"_ _6\"></span>o pued<span class=\"_ _6\"></span>en ser recuperados p<span class=\"_ _6\"></span>or la <span class=\"_ _15\"></span>venta d<span class=\"_ _6\"></span>e energ\u00eda y u<span class=\"_ _6\"></span>n t\u00e9rmino <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>operaci\u00f3n <span class=\"_ _11\"> </span>(retribuci\u00f3n <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>operaci\u00f3n) <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>cubra <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _11\"> </span>caso, <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>diferencia <span class=\"_ _11\"></span>entre <span class=\"_ _11\"></span>costes <span class=\"_ _11\"></span>de<span class=\"_ _33\"> </span>explotaci\u00f3n y <span class=\"_ _1\"></span>los ingresos <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>la participaci\u00f3n en <span class=\"_ _1\"></span>el m<span class=\"_ _1\"></span>ercado de <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>icha instalaci\u00f3n. <span class=\"_ _1\"></span>El <span class=\"_ _1\"></span>RD est<span class=\"_ _1\"></span>ablece, asimismo, que mediante orden ministeri<span class=\"_ _6\"></span>al se actualizar\u00e1n determinados par\u00e1metros retributiv<span class=\"_ _6\"></span>os en cada semiper\u00edodo regulatorio de tres a\u00f1os<span class=\"_ _6\"></span> de duraci\u00f3n (v\u00e9as<span class=\"_ _6\"></span>e Anexo III <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> Marco Regulato<span class=\"_ _6\"></span>rio del Sector En<span class=\"_ _6\"></span>erg\u00e9tico). <span class=\"_ _6\"></span> Entre <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>aspectos <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>esarrollados <span class=\"_ _10\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>mencionado <span class=\"_ _10\"></span>Real <span class=\"_ _10\"></span>Decreto, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>diferencias <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se producen <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _11\"> </span>entre <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>ingresos <span class=\"_ _0\"></span>por <span class=\"_ _11\"> </span>venta <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>energ\u00eda <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>precio <span class=\"_ _11\"> </span>estimado, <span class=\"_ _11\"></span>estimaci\u00f3n <span class=\"_ _11\"></span>que determina <span class=\"_ _6\"></span>el regulad<span class=\"_ _6\"></span>or al <span class=\"_ _6\"></span>inici<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>semiper<span class=\"_ _6\"></span>\u00edodo <span class=\"_ _6\"></span>regula<span class=\"_ _6\"></span>torio <span class=\"_ _6\"></span>trianual, <span class=\"_ _6\"></span>y los<span class=\"_ _6\"></span> ingreso<span class=\"_ _6\"></span>s po<span class=\"_ _6\"></span>r venta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>precio medio real <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e m<span class=\"_ _6\"></span>ercado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>dich<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>ejercicio, s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>regularizan <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>obtener <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>futuros <span class=\"_ _6\"></span>a trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>aj<span class=\"_ _6\"></span>uste <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>\u201cRetribuci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>invers<span class=\"_ _6\"></span>i\u00f3n\u201d. <span class=\"_ _0\"></span>Dicha <span class=\"_ _10\"></span>diferencia <span class=\"_ _0\"></span>denominada <span class=\"_ _0\"></span>\u201c<span class=\"_ _15\"></span><span class=\"ff4\">Valor <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>aj<span class=\"_ _6\"></span>uste <span class=\"_ _0\"></span>por </span>desviaciones <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>pre<span class=\"_ _6\"></span>cio <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>mercado<span class=\"_ _6\"></span>- <span class=\"_ _e\"></span><span class=\"ff6\">Vajdm\u201d <span class=\"_ _e\"></span>vien<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>regula<span class=\"_ _6\"></span>da <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>art\u00edculo <span class=\"_ _1\"></span>22 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>dicho <span class=\"_ _e\"></span>R<span class=\"_ _6\"></span>eal <span class=\"_ _e\"></span>Decreto <span class=\"_ _e\"></span>(v<span class=\"_ _6\"></span>\u00e9anse </span>Nota <span class=\"lse\">9 </span>y An<span class=\"_ _6\"></span>exo III). El  tratamiento  contable  aplicado  por  ENCE<span class=\"_ _6\"></span>  al  Vajdm  qued\u00f3  recogido  en  el  documento  \u201cCriterio  para contabilizar <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u201cValor<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>aj<span class=\"_ _6\"></span>ustes <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>esviaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mercado\u201d<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>(Vajdm), <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>el art\u00edculo 22 del real decreto 41<span class=\"_ _6\"></span>3/2014\u201d publicad<span class=\"_ _6\"></span>o po<span class=\"_ _6\"></span><span class=\"ff4\">r la CNMV el 22 de octub<span class=\"_ _6\"></span>re de 2021: <span class=\"_ _6\"></span> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Con car\u00e1cter general se <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ce en el <span class=\"_ _6\"></span>Estad<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>Situaci\u00f3n Financiera <span class=\"_ _6\"></span>cada u<span class=\"_ _6\"></span>na d<span class=\"_ _6\"></span>e las d<span class=\"_ _6\"></span>esviaciones del </span></span>mercado, pos<span class=\"_ _6\"></span>itivas y <span class=\"_ _6\"></span>negativas <span class=\"_ _6\"></span>que surgen <span class=\"_ _6\"></span>al amp<span class=\"_ _6\"></span>aro del <span class=\"_ _6\"></span>RD 413/2014 <span class=\"_ _6\"></span>con con<span class=\"_ _6\"></span>trapartida en <span class=\"_ _6\"></span>el importe<span class=\"_ _6\"></span> neto de la cifra de negocios. <span class=\"_ _15\"></span> En este sentido, los ajustes por desviacion<span class=\"_ _6\"></span>es del pool positivos netos qu<span class=\"_ _6\"></span>e se vayan generando a lo largo de <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>mismo <span class=\"_ _6\"></span>semiperiodo <span class=\"_ _15\"></span>regulato<span class=\"_ _6\"></span>rio <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>representa<span class=\"_ _6\"></span>r\u00e1n <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>incremento <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>retribu<span class=\"_ _6\"></span>ciones <span class=\"_ _6\"></span>futu<span class=\"_ _6\"></span>ras recibidas de <span class=\"_ _1\"></span>CNMC se <span class=\"_ _1\"></span>registran<span class=\"_ _6\"></span> como <span class=\"_ _e\"></span>un<span class=\"_ _6\"></span> activo <span class=\"_ _1\"></span>en el <span class=\"ff6\">ep\u00edgrafe \u201cOtras <span class=\"_ _1\"></span>inversiones financieras\u201d y como <span class=\"_ _e\"></span>un </span>mayor ingreso <span class=\"_ _6\"></span>asociad<span class=\"_ _6\"></span>o a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>venta d<span class=\"_ _6\"></span>e electricidad. <span class=\"_ _6\"></span>Dich<span class=\"_ _6\"></span>o ac<span class=\"_ _6\"></span>tivo <span class=\"_ _6\"></span>neto, un<span class=\"_ _6\"></span>a vez <span class=\"_ _6\"></span>finalizado <span class=\"_ _6\"></span>el semiperiodo<span class=\"_ _6\"></span> regulatorio <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>rev<span class=\"_ _6\"></span>ierte <span class=\"_ _10\"></span>redu<span class=\"_ _6\"></span>ciendo <span class=\"_ _0\"></span>el <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>greso <span class=\"_ _10\"></span>asociad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>venta<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>electricidad<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>vi<span class=\"_ _10\"></span>da regulatoria restante de la in<span class=\"_ _6\"></span>stalaci\u00f3n.<span class=\"_ _6\"></span> Por su <span class=\"_ _1\"></span>parte, los <span class=\"_ _1\"></span>ajustes por de<span class=\"_ _1\"></span>sviaciones del pool <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>egativos netos que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e vayan ge<span class=\"_ _1\"></span>nerando a <span class=\"_ _1\"></span>lo largo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e un <span class=\"_ _11\"> </span>mismo <span class=\"_ _12\"> </span>semiperiodo <span class=\"_ _12\"> </span>regulatorio <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>representar\u00e1n <span class=\"_ _12\"> </span>una <span class=\"_ _11\"> </span>redu<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>retribucion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>futuras<span class=\"_ _6\"></span> recibidas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>CNMC <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>registran <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>fun<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>venci<span class=\"_ _6\"></span>mi<span class=\"_ _6\"></span><span class=\"ff6\">en<span class=\"_ _6\"></span>to <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>pasiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ep\u00edgrafes <span class=\"_ _15\"></span>\u201cOtro<span class=\"_ _6\"></span>s </span>pasivos <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>corrientes\u201d <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>\u201cOtros <span class=\"_ _0\"></span>pasivos <span class=\"_ _10\"></span>corrientes<span class=\"_ _6\"></span>\u201d <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>menor <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>greso <span class=\"_ _10\"></span>asociad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>venta <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> electricidad. Dicho <span class=\"_ _e\"></span>pasivo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>neto, <span class=\"_ _e\"></span>una vez <span class=\"_ _e\"></span>finalizad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>emiperiodo <span class=\"_ _1\"></span>regulatorio <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>revierte <span class=\"_ _e\"></span>i<span class=\"_ _6\"></span>ncrementando<span class=\"_ _6\"></span> el ingreso <span class=\"_ _6\"></span>asociado <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la venta<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>electricidad <span class=\"_ _6\"></span>a lo <span class=\"_ _6\"></span>largo <span class=\"_ _6\"></span>de la<span class=\"_ _6\"></span> vida <span class=\"_ _6\"></span>regulatoria <span class=\"_ _6\"></span>restante <span class=\"_ _6\"></span>de l<span class=\"_ _6\"></span>a in<span class=\"_ _6\"></span>stalaci\u00f3n.<span class=\"_ _15\"></span> El importe de los p<span class=\"_ _6\"></span>asivos se ver\u00e1 limitado al Va<span class=\"_ _6\"></span>lor Neto del Activ<span class=\"_ _6\"></span>o (VNA) de la ins<span class=\"_ _6\"></span>talaci\u00f3n.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">No <span class=\"_ _0\"></span>obstante <span class=\"_ _11\"> </span>lo <span class=\"_ _0\"></span>anterior, <span class=\"_ _11\"> </span>si <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>vida <span class=\"_ _11\"></span>regulatoria <span class=\"_ _0\"></span>res<span class=\"_ _6\"></span>idual <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _11\"> </span>activos, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>consid<span class=\"_ _6\"></span>era, <span class=\"_ _11\"></span>de<span class=\"_ _1\"></span> </span></span>acuerdo <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>mejor <span class=\"_ _10\"></span>estimaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>evoluci\u00f3n <span class=\"_ _10\"></span>futura <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>precios <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mercado <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>de otros factores cualit<span class=\"_ _6\"></span>ativos, q<span class=\"_ _6\"></span>ue ser\u00eda altamente pro<span class=\"_ _6\"></span>bab<span class=\"_ _6\"></span>le que se o<span class=\"_ _6\"></span>btendr\u00e1n rentab<span class=\"_ _6\"></span>ilidades d<span class=\"_ _6\"></span>el mercado<span class=\"_ _6\"></span> superiores <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>blecidas <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>RD <span class=\"_ _15\"></span>413/20<span class=\"_ _6\"></span>14 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>que, <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>lo <span class=\"_ _15\"></span>tan<span class=\"_ _6\"></span>to, <span class=\"_ _15\"></span>abandonar <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>r\u00e9gimen <span class=\"_ _15\"></span>retributivo no <span class=\"_ _18\"> </span>tendr\u00eda consecuencias <span class=\"_ _18\"> </span>econ\u00f3micas <span class=\"_ _18\"> </span>significativamente <span class=\"_ _18\"> </span>m\u00e1s <span class=\"_ _18\"> </span>adversas <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>permanecer <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>dicho r\u00e9gimen, en esa s<span class=\"_ _6\"></span>ituaci\u00f3n se reconoce s\u00f3lo el activ<span class=\"_ _6\"></span>o asociado a<span class=\"_ _6\"></span> las desv<span class=\"_ _6\"></span>iaciones del pool positivas<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span> Al <span class=\"_ _11\"> </span>31 <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>2<span class=\"_ _6\"></span>024 <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>2023, <span class=\"_ _12\"> </span>considerand<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>ituaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>actu<span class=\"_ _6\"></span>al <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>m<span class=\"_ _6\"></span>ercado <span class=\"_ _12\"> </span>energ\u00e9tico<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span> existente <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dic<span class=\"_ _6\"></span>iembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2023<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>evoluci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cotizacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>futuro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pre<span class=\"_ _6\"></span>cios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>en<span class=\"_ _6\"></span> el <span class=\"_ _0\"></span>corto <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>medio <span class=\"_ _0\"></span>plaz<span class=\"_ _6\"></span>o, <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _0\"></span>co<span class=\"_ _6\"></span>mo <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>regulaci\u00f3n <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>igente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>tiene <span class=\"_ _0\"></span>registrados<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>asivo derivado del <span class=\"_ _e\"></span>ajuste por <span class=\"_ _e\"></span>desviaciones<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>positivas y <span class=\"_ _e\"></span>negativas de <span class=\"_ _e\"></span>precios de <span class=\"_ _e\"></span>mercado <span class=\"_ _1\"></span>existente a <span class=\"_ _e\"></span>dicha fecha en todas las<span class=\"_ _6\"></span> IT en las que opera.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>4 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ju<span class=\"_ _6\"></span>nio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>publicado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/526/2024, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mayo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _10\"></span>la metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actualizaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>operac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>ins<span class=\"_ _6\"></span>talaciones <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de energ\u00eda <span class=\"_ _11\"> </span>el\u00e9ctrica <span class=\"_ _12\"> </span>cuyos <span class=\"_ _12\"> </span>costes <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _12\"> </span>dependan <span class=\"_ _12\"> </span>esencialmente <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>precio <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>comb<span class=\"_ _6\"></span>ustible <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>se actualizan <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>valores <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _e\"></span>a la <span class=\"_ _a\"></span>op<span class=\"_ _6\"></span>eraci\u00f3n <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>aplic<span class=\"_ _6\"></span>aci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>partir <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>1 <span class=\"_ _e\"></span>de e<span class=\"_ _1\"></span>nero <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>2024.<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>sta <span class=\"_ _1\"></span>norma, entre otros, estab<span class=\"_ _6\"></span>lece que las in<span class=\"_ _6\"></span>stalaciones in<span class=\"_ _6\"></span>cluidas en esta Orden,<span class=\"_ _6\"></span> entre las que s<span class=\"_ _6\"></span>e incluyen la<span class=\"_ _6\"></span>s plantas<span class=\"_ _6\"></span> de generaci\u00f3n de energ\u00eda a partir de biomasa que opera ENCE, quedan excluidas de la aplicaci\u00f3n del aj<span class=\"_ _6\"></span>uste por desviaciones en el precio de <span class=\"_ _1\"></span>mercado, regulado en el <span class=\"_ _1\"></span>art\u00edculo 22 del RD 413/<span class=\"_ _1\"></span>2014, a partir del 1 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e enero de<span class=\"_ _e\"></span> 2024.<span class=\"ls0_1\"> No <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>bstante, el <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>aj<span class=\"_ _6\"></span>uste re<span class=\"_ _1\"></span>gistrado correspondiente a <span class=\"_ _e\"></span>periodo<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>anteriores a <span class=\"_ _1\"></span>2023, <span class=\"_ _1\"></span>este incluido, </span>mantienen el r\u00e9gimen esta<span class=\"_ _6\"></span>blecido en la n<span class=\"_ _6\"></span>ormativa.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 3.16<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Impuesto so<span class=\"_ _1\"></span>bre beneficios </span></span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>tributa<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el Impu<span class=\"_ _6\"></span>esto <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>Sociedades<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>trav\u00e9s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Grupos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>olidaci\u00f3n <span class=\"_ _6\"></span>fiscal <span class=\"_ _6\"></span>regulados en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Cap\u00edtulo <span class=\"_ _0\"></span>VI <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>T\u00edtulo <span class=\"_ _0\"></span>V<span class=\"_ _6\"></span>II <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Texto <span class=\"_ _11\"></span>Refundido <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>Ley <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>Impuesto <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>obre <span class=\"_ _0\"></span>Socied<span class=\"_ _6\"></span>ades, <span class=\"_ _0\"></span>siendo <span class=\"_ _0\"></span>las cabeceras de <span class=\"_ _e\"></span>dicho<span class=\"_ _6\"></span>s Grupos Ence Energ\u00eda <span class=\"_ _e\"></span>y Celu<span class=\"_ _6\"></span>losa, S.A. <span class=\"_ _1\"></span>y Magnon Green <span class=\"_ _1\"></span>Energy, S.L. <span class=\"_ _e\"></span>S<span class=\"_ _6\"></span>e integran en <span class=\"_ _e\"></span>dicho<span class=\"_ _6\"></span>s Grupos <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>filiales <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>est\u00e1n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>domiciliadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>Espa\u00f1a <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>cabecera <span class=\"_ _15\"></span>tiene <span class=\"_ _6\"></span>una<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>ticipaci\u00f3n <span class=\"_ _6\"></span>en su capital s<span class=\"_ _6\"></span>ocial igual o superior al 75%. <span class=\"_ _15\"></span> El <span class=\"_ _12\"> </span>gasto  o <span class=\"_ _11\"> </span>ingreso  por <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>Im<span class=\"_ _6\"></span>puesto  sobre <span class=\"_ _11\"> </span>Sociedades<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>comprende <span class=\"_ _12\"> </span>tan<span class=\"_ _6\"></span>to <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>i<span class=\"_ _6\"></span>mpuesto <span class=\"_ _12\"> </span>corriente  como <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>l impuesto  diferido.  El <span class=\"_ _18\"> </span>impuesto  sobre  las  ganancias  corriente  o  d<span class=\"_ _6\"></span>iferido  se  reconoce  en  el  Estad<span class=\"_ _6\"></span>o  de Resultado <span class=\"_ _6\"></span>consolidado, s<span class=\"_ _6\"></span>alvo que s<span class=\"_ _6\"></span>urja de <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>transacci\u00f3n o<span class=\"_ _6\"></span> su<span class=\"_ _6\"></span>ceso econ\u00f3mico <span class=\"_ _6\"></span>que se <span class=\"_ _6\"></span>ha reconocido<span class=\"_ _6\"></span>, en <span class=\"_ _6\"></span>el mismo ejercicio o en otro d<span class=\"_ _6\"></span>iferente, con<span class=\"_ _6\"></span>tra patrimonio n<span class=\"_ _6\"></span>eto o de una comb<span class=\"_ _6\"></span>inaci\u00f3n de negocios.<span class=\"_ _15\"></span> Los <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>por <span class=\"_ _1\"></span>impuesto <span class=\"_ _1\"></span>sobre <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cias <span class=\"_ _e\"></span>corrie<span class=\"_ _6\"></span>ntes <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>valoran<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>por las <span class=\"_ _a\"></span>can<span class=\"_ _6\"></span>tidades <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>pera pagar <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>recuperar <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>autoridades <span class=\"_ _15\"></span>fiscales, <span class=\"_ _15\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>normativa <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>tipos <span class=\"_ _15\"></span>impositivos <span class=\"_ _15\"></span>aprobados <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>los pa\u00edses que op<span class=\"_ _6\"></span>eran las sociedades d<span class=\"_ _6\"></span>el Grupo<span class=\"_ _6\"></span>. La <span class=\"_ _6\"></span>contabilizaci\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>pasivos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>determina <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>funci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>diferencias entre <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>libros <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>activos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>pasivo<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>fiscal, <span class=\"_ _10\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>tasas <span class=\"_ _10\"></span>fiscales <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>espera objetivamente  que <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>t\u00e9n  en <span class=\"_ _12\"> </span>vigor  cuando<span class=\"_ _6\"></span>  lo<span class=\"_ _1\"></span>s  activos <span class=\"_ _12\"> </span>y  pasivos  se <span class=\"_ _12\"> </span>realicen,  valor <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>coin<span class=\"_ _6\"></span>cide  con <span class=\"_ _12\"> </span>el gravamen  vigente <span class=\"_ _12\"> </span>en  cada  momento.  Esto<span class=\"_ _6\"></span>s  activos <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>pas<span class=\"_ _6\"></span>ivos  se <span class=\"_ _12\"> </span>reconocen  en  el <span class=\"_ _12\"> </span>Es<span class=\"_ _6\"></span>tado  de  Situaci\u00f3n Financiera consolidado como \u201cno <span class=\"_ _1\"></span>corrientes\u201d, independientemente de <span class=\"_ _1\"></span>la fecha de <span class=\"_ _1\"></span>esperada de <span class=\"_ _1\"></span>re<span class=\"_ _6\"></span><span class=\"ff4\">alizaci\u00f3n o </span>liquidaci\u00f3n.<span class=\"_ _33\"> </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>reconoce <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>car\u00e1cter <span class=\"_ _15\"></span>general <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>pasivos <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>todos <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>casos<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>Por <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>parte, los <span class=\"_ _12\"> </span>activo<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>por  im<span class=\"_ _1\"></span>puesto <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>iferido <span class=\"_ _12\"> </span>s\u00f3<span class=\"_ _6\"></span>lo <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>re<span class=\"_ _6\"></span>conocen  e<span class=\"_ _1\"></span>n  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>caso  de <span class=\"_ _11\"> </span>que  se <span class=\"_ _11\"> </span>cons<span class=\"_ _6\"></span>idere  probable <span class=\"_ _11\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>las entidades cons<span class=\"_ _6\"></span>olidadas van<span class=\"_ _6\"></span> a tener en el futuro s<span class=\"_ _6\"></span>uficientes ganan<span class=\"_ _6\"></span>cias fiscales contra<span class=\"_ _6\"></span> las que poder hacerlos<span class=\"_ _6\"></span> efectivos. <span class=\"_ _15\"></span>Con <span class=\"_ _6\"></span>ocas<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cada <span class=\"_ _15\"></span>cierre <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>table, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reestima <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>capacidad <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>recuperaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>impuestos diferidos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>activo <span class=\"_ _15\"></span>reconocidos, <span class=\"_ _6\"></span>efectu\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>op<span class=\"_ _6\"></span>ortunas <span class=\"_ _6\"></span>correcciones <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>mismos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>a<span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>erdo <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>los resultados d<span class=\"_ _6\"></span>e los an\u00e1lisis realizados.<span class=\"_ _33\"> </span>No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>activos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>impues<span class=\"_ _6\"></span>tos <span class=\"_ _0\"></span>diferidos <span class=\"_ _0\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _0\"></span>surgen <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>reconocimiento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el fondo de comercio o<span class=\"_ _6\"></span> de un a<span class=\"_ _6\"></span>ctivo o<span class=\"_ _6\"></span> pasivo en<span class=\"_ _6\"></span> una trans<span class=\"_ _6\"></span>acci\u00f3n que no es un<span class=\"_ _6\"></span>a combinaci\u00f3<span class=\"_ _6\"></span>n de negocios y<span class=\"_ _6\"></span> en la <span class=\"_ _10\"></span>fecha <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>tra<span class=\"_ _6\"></span>nsacci\u00f3n <span class=\"_ _10\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>afecta <span class=\"_ _0\"></span>ni <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>result<span class=\"_ _6\"></span>ado <span class=\"_ _0\"></span>contable <span class=\"_ _10\"></span>ni <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>imponible <span class=\"_ _0\"></span>fiscal, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien, <span class=\"_ _10\"></span>cuan<span class=\"_ _6\"></span>do correspondan <span class=\"_ _1b\"> </span>a <span class=\"_ _1b\"> </span>diferencias <span class=\"_ _1b\"> </span>temporarias<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span>relacionadas <span class=\"_ _1b\"> </span>con <span class=\"_ _1b\"> </span>inversion<span class=\"_ _6\"></span>es <span class=\"_ _1b\"> </span>en <span class=\"_ _1c\"> </span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _1b\"> </span>dependientes, asociadas <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>negocios <span class=\"_ _10\"></span>conjuntos <span class=\"_ _15\"></span>sobre <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _15\"></span>tenga <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>capacidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>controlar <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>momento <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>s<span class=\"_ _15\"></span><span class=\"ls1a\">u </span>reversi\u00f3n y no fu<span class=\"_ _6\"></span>ese probable qu<span class=\"_ _6\"></span>e se produzca su <span class=\"_ _6\"></span>reversi\u00f3n en un futuro<span class=\"_ _6\"></span> previsible.<span class=\"_ _6\"></span> Si <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span>Grupo <span class=\"_ _11\"> </span>determina <span class=\"_ _11\"> </span>que <span class=\"_ _11\"></span>no <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>robable <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>autorid<span class=\"_ _6\"></span>ad <span class=\"_ _11\"></span>fiscal <span class=\"_ _0\"></span>vay<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>aceptar<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>un <span class=\"_ _0\"></span>trata<span class=\"_ _6\"></span>miento <span class=\"_ _11\"></span>fiscal incierto <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>grupo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>tratamientos <span class=\"_ _15\"></span>fiscales <span class=\"_ _15\"></span>inciertos, <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>idera <span class=\"_ _6\"></span>dicha<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>incertidumbre <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>determinaci\u00f3n de <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>base <span class=\"_ _1e\"> </span>imponible, <span class=\"_ _1e\"> </span>bases <span class=\"_ _1e\"> </span>fiscales, <span class=\"_ _17\"> </span>cr\u00e9ditos <span class=\"_ _1e\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _1e\"> </span>bases <span class=\"_ _1e\"> </span>imponibles <span class=\"_ _1e\"> </span>n<span class=\"_ _6\"></span>egativas, <span class=\"_ _1e\"> </span>deducciones <span class=\"_ _1e\"> </span>o <span class=\"_ _1e\"> </span>tipos impositivos.<span class=\"_ _33\"> </span>3.17<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Activos no cor<span class=\"_ _1\"></span>rientes man<span class=\"_ _1\"></span>tenidos para la <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>enta y Operacion<span class=\"_ _1\"></span>es </span></span>discontinua<span class=\"_ _1\"></span>das Un <span class=\"_ _1\"></span>activo <span class=\"_ _1\"></span>no corriente <span class=\"_ _e\"></span>o un <span class=\"_ _e\"></span>gru<span class=\"_ _6\"></span>po e<span class=\"_ _1\"></span>najenable de <span class=\"_ _e\"></span>elementos se <span class=\"_ _e\"></span>clasifica como <span class=\"_ _e\"></span>activ<span class=\"_ _6\"></span>o mantenido <span class=\"_ _1\"></span>para la <span class=\"_ _e\"></span>venta cuando su <span class=\"_ _1\"></span>valor se <span class=\"_ _1\"></span>prev\u00e9 recuperar <span class=\"_ _e\"></span>prin<span class=\"_ _6\"></span>cipalmente a <span class=\"_ _e\"></span>trav<span class=\"_ _6\"></span>\u00e9s de <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u venta, <span class=\"_ _e\"></span>y siempre que <span class=\"_ _e\"></span>la venta se <span class=\"_ _1\"></span>considere altamente probable, y el a<span class=\"_ _6\"></span>ctivo est\u00e9 disp<span class=\"_ _6\"></span>on<span class=\"_ _6\"></span>ible para su venta inmediata en s<span class=\"_ _6\"></span>u estado a<span class=\"_ _6\"></span>ctual. Estos <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>grupos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>enajenaci\u00f3n <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>valoran <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>menor <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>libros <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>el valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>estimado <span class=\"_ _6\"></span>de venta deducidos los costes nece<span class=\"_ _1\"></span>sarios para llevarla a cabo <span class=\"_ _1\"></span>y dejan <span class=\"_ _1\"></span>de amortizarse desde el <span class=\"_ _e\"></span>momento en que son <span class=\"_ _15\"></span>clas<span class=\"_ _6\"></span>ificados <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>activos <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>corrientes<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>mantenidos <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>enta. <span class=\"_ _15\"></span>Anualmente <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>analiza <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alor contable <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>exceda <span class=\"_ _15\"></span>del v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>razo<span class=\"_ _6\"></span>nable <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>venta<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e p<span class=\"_ _6\"></span>roducirse <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaci\u00f3n <span class=\"_ _6\"></span>se<span class=\"_ _6\"></span> realizan las<span class=\"_ _6\"></span> correspon<span class=\"_ _6\"></span>dientes <span class=\"_ _6\"></span>correcciones<span class=\"_ _6\"></span> valora<span class=\"_ _6\"></span>tivas <span class=\"_ _6\"></span>que se <span class=\"_ _6\"></span>incluyen en<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el ep\u00edgraf<span class=\"_ _6\"></span>e \u201cD<span class=\"_ _15\"></span><span class=\"ff4\">et<span class=\"_ _6\"></span>erioros d<span class=\"_ _6\"></span>e valor <span class=\"_ _6\"></span>y </span>resultados p<span class=\"_ _6\"></span>or enajenaci\u00f3n de inmovilizado<span class=\"_ _6\"></span>\u201d del Estad<span class=\"_ _6\"></span>o de Resultado cons<span class=\"_ _6\"></span>olidado.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>Los <span class=\"_ _12\"> </span>activ<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>no <span class=\"_ _12\"> </span>corrientes  mantenidos <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>enta <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>resentan <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>Situaci\u00f3n <span class=\"_ _12\"> </span>Financiera consolidado  de  la  siguiente  forma:  los  activos  en  una  \u00fa<span class=\"_ _1\"></span>nica  l\u00ednea  denominada  \u201cActivos  no  corrientes mantenidos para <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>venta\u201d <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>asivos <span class=\"_ _e\"></span>ta<span class=\"_ _6\"></span>mbi\u00e9n <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>na \u00fanica <span class=\"_ _e\"></span>l\u00ednea denominada <span class=\"_ _e\"></span>\u201cPas<span class=\"_ _6\"></span>ivos <span class=\"_ _e\"></span>asociados<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>activos no corrientes mantenido<span class=\"_ _6\"></span>s para la <span class=\"_ _6\"></span>venta\u201d.<span class=\"ff4\"> </span>Adicionalmente, <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>G<span class=\"_ _6\"></span>rupo <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>activid<span class=\"_ _6\"></span>ades <span class=\"_ _11\"> </span>interru<span class=\"_ _6\"></span>mpidas <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>componentes <span class=\"_ _12\"> </span>(unidades <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>grupos <span class=\"_ _12\"> </span>de unidades <span class=\"_ _10\"></span>generadoras<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>efectivo) <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>representan <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>l\u00ednea <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>negocio <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>\u00e1rea <span class=\"_ _10\"></span>geogr\u00e1fica <span class=\"_ _10\"></span>significativa <span class=\"_ _10\"></span>y que <span class=\"_ _0\"></span>pueda <span class=\"_ _11\"> </span>considerarse <span class=\"_ _11\"></span>separada <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>resto, <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>ha<span class=\"_ _6\"></span>y<span class=\"_ _6\"></span>an <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>endido <span class=\"_ _0\"></span>o <span class=\"_ _11\"></span>dispuesto <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>otra <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>\u00eda, <span class=\"_ _0\"></span>o <span class=\"_ _11\"></span>bien <span class=\"_ _0\"></span>que re\u00fanen las cond<span class=\"_ _6\"></span>iciones descritas p<span class=\"_ _6\"></span>ara ser clasificadas como man<span class=\"_ _6\"></span>tenidas para <span class=\"_ _6\"></span>la venta.<span class=\"_ _6\"></span> Los resultados despu\u00e9s de impuestos de las <span class=\"_ _1\"></span>operaciones discontinuadas se presentan en una \u00fanica l\u00ednea del Estado <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>Resultado <span class=\"_ _1b\"> </span>consolidado <span class=\"_ _1c\"> </span>denominad<span class=\"_ _6\"></span>a <span class=\"_ _1c\"> </span>\u201cResulta<span class=\"_ _6\"></span>do <span class=\"_ _1c\"> </span>del <span class=\"_ _1c\"> </span>ejerci<span class=\"_ _6\"></span>cio <span class=\"_ _1c\"> </span>procedent<span class=\"_ _6\"></span>e <span class=\"_ _1c\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1c\"> </span>operaciones interrumpidas neto d<span class=\"_ _6\"></span>e impuesto<span class=\"_ _6\"></span>s\u201d.<span class=\"_ _33\"> </span>3.18<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Beneficio po<span class=\"_ _1\"></span>r acci\u00f3n </span></span>El <span class=\"_ _10\"></span>b<span class=\"_ _6\"></span>eneficio <span class=\"_ _10\"></span>b\u00e1s<span class=\"_ _6\"></span>ico <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>calcula <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>cociente<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>\u201c<span class=\"_ _6\"></span>Beneficio <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _10\"></span>atrib<span class=\"_ _6\"></span>uible <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la Sociedad <span class=\"_ _10\"></span>Dominante\u201d <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>n\u00fa<span class=\"_ _6\"></span>mero <span class=\"_ _10\"></span>medio <span class=\"_ _10\"></span>po<span class=\"_ _6\"></span>nderado <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>acciones <span class=\"_ _10\"></span>ordinar<span class=\"_ _6\"></span>ias <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>circulaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>duran<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>dicho<span class=\"_ _33\"> </span>per\u00edodo, <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>in <span class=\"_ _12\"> </span>incluir <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>n\u00famero  m<span class=\"_ _1\"></span>edio <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>es <span class=\"_ _12\"> </span>propias <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>Sociedad<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>Dominante  e<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>cartera <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>las sociedades del Grupo<span class=\"_ _6\"></span>. Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>beneficio <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>iluido <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>calcula <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>cociente <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span><span class=\"ff6\">\u201cBen<span class=\"_ _6\"></span>eficio <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercicio </span>atribuible <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Sociedad <span class=\"_ _10\"></span>Do<span class=\"_ _6\"></span>minan<span class=\"_ _6\"></span>te\u201d <span class=\"_ _0\"></span><span class=\"ff4\">y <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>n\u00famero <span class=\"_ _0\"></span>medio <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>onderado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>acciones <span class=\"_ _10\"></span>ord<span class=\"_ _6\"></span>inarias <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>circulaci\u00f3n </span>durante el periodo, ajustado por <span class=\"_ _1\"></span>el promedio ponderado de <span class=\"_ _e\"></span>las acciones ordinarias que ser\u00edan em<span class=\"_ _1\"></span>itidas si se convirtieran <span class=\"_ _12\"> </span>todas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>las <span class=\"_ _12\"> </span>acciones <span class=\"_ _12\"> </span>potenciales <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>acciones <span class=\"_ _12\"> </span>ordin<span class=\"_ _6\"></span>arias. <span class=\"_ _12\"> </span>A <span class=\"_ _12\"> </span>estos <span class=\"_ _11\"> </span>efecto<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>la<span class=\"_ _33\"> </span>conversi\u00f3n tiene lugar al comienzo del <span class=\"_ _1\"></span>periodo o en el <span class=\"_ _1\"></span>momento de la <span class=\"_ _1\"></span>emisi\u00f3n de las <span class=\"_ _1\"></span>accion<span class=\"_ _6\"></span>es potenciales si estas se hu<span class=\"_ _6\"></span>biesen puesto en circulaci\u00f3n<span class=\"_ _6\"></span> durante el prop<span class=\"_ _6\"></span>io periodo.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 3.19<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Transaccion<span class=\"_ _1\"></span>es con partes vinculad<span class=\"_ _1\"></span>as </span></span>El Grupo realiza tod<span class=\"_ _6\"></span>as sus op<span class=\"_ _6\"></span>eraciones con partes vin<span class=\"_ _6\"></span>culadas a valores<span class=\"_ _6\"></span> de mercado.<span class=\"_ _33\"> </span> <span class=\"_ _6\"></span> 3.20<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\"> Saldos y tra<span class=\"_ _1\"></span>nsacciones en <span class=\"_ _1\"></span>moneda diferen<span class=\"_ _1\"></span>te al euro<span class=\"_ _33\"> </span> </span></span>Las <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>uales <span class=\"_ _6\"></span>conso<span class=\"_ _6\"></span>lidadas <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>presentan <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>euros, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>mon<span class=\"_ _6\"></span>eda <span class=\"_ _6\"></span>funcional <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>de la Sociedad Dominante.<span class=\"_ _6\"></span> La <span class=\"_ _e\"></span>conv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>a euros <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los cr\u00e9ditos <span class=\"_ _e\"></span>y d\u00e9bitos <span class=\"_ _e\"></span>expresados e<span class=\"_ _1\"></span>n <span class=\"_ _e\"></span>moneda diferente <span class=\"_ _e\"></span>del e<span class=\"_ _1\"></span>uro <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>realiza aplicando el <span class=\"_ _1\"></span>tipo de <span class=\"_ _1\"></span>cambio vigente <span class=\"_ _1\"></span>en el m<span class=\"_ _1\"></span>omento de <span class=\"_ _1\"></span>efectuar la <span class=\"_ _1\"></span>correspon<span class=\"_ _6\"></span>diente operaci\u00f3n, <span class=\"_ _1\"></span>ajust\u00e1ndose dicho valor en  cada <span class=\"_ _12\"> </span>ci<span class=\"_ _6\"></span>erre  y <span class=\"_ _12\"> </span>has<span class=\"_ _6\"></span>ta  su  cancelaci\u00f3n  en <span class=\"_ _12\"> </span>fun<span class=\"_ _6\"></span>ci\u00f3n  de <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span>  evoluci\u00f3n  del <span class=\"_ _12\"> </span>t<span class=\"_ _6\"></span>ip<span class=\"_ _6\"></span>o  de  cambio. <span class=\"_ _12\"> </span>Lo<span class=\"_ _6\"></span>s  activos  no monetarios <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>enominados <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>moneda <span class=\"_ _e\"></span>extranjera, poco <span class=\"_ _e\"></span>significativos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>ENCE, <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>convierte<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>licando <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>tipo de cambio aplicable en la f<span class=\"_ _6\"></span>echa en la<span class=\"_ _6\"></span> que el activo s<span class=\"_ _6\"></span>e incorpor\u00f3 al Grup<span class=\"_ _6\"></span>o.<span class=\"_ _6\"></span> Las diferencias <span class=\"_ _1\"></span>de cambio que re<span class=\"_ _1\"></span>sultan del cobro <span class=\"_ _e\"></span>o pago de cr\u00e9ditos o <span class=\"_ _e\"></span>deud<span class=\"_ _6\"></span>as en <span class=\"_ _1\"></span>moneda diferente del euro y <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>res<span class=\"_ _6\"></span>ultan <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alorar <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>cuentas <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>cobrar <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>pagar <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>moneda <span class=\"_ _15\"></span>diferente <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>euro <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>fecha <span class=\"_ _10\"></span>de cierre, d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>vige<span class=\"_ _6\"></span>nt<span class=\"_ _6\"></span>e en <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>momento, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e impu<span class=\"_ _6\"></span>tan <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>resultado<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>gasto<span class=\"_ _6\"></span> financiero en el period<span class=\"_ _6\"></span>o en que se pro<span class=\"_ _6\"></span>ducen.<span class=\"_ _33\"> </span>3.21<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Estado de flujos<span class=\"_ _1\"></span> de efectivo<span class=\"_ _1\"></span>  </span></span>En los estados de flujos de ef<span class=\"_ _1\"></span>ectivo consolidados, preparados de acuerdo al m\u00e9todo indirecto, se utilizan las siguientes expresiones<span class=\"_ _6\"></span> en los siguient<span class=\"_ _6\"></span>es s<span class=\"_ _6\"></span>entidos: 1.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Flujos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>efectivo: <span class=\"_ _11\"> </span>entra<span class=\"_ _6\"></span>das <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>salidas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>efectivo <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>sus <span class=\"_ _12\"> </span>equivalentes, <span class=\"_ _12\"> </span>entendiendo <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>\u00e9stos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>las </span>inversiones a co<span class=\"_ _6\"></span>rto plazo (inferior a 3 meses<span class=\"_ _6\"></span>) de gran liquidez y<span class=\"_ _6\"></span> bajo riesgo d<span class=\"_ _6\"></span>e alteraciones en su v<span class=\"_ _6\"></span>alor. <span class=\"_ _6\"></span> 2.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Actividades <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>explotaci\u00f3n: <span class=\"_ _10\"></span>actividad<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>t\u00edpicas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>entidades <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>forman <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Grup<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>otras </span>actividades q<span class=\"_ _6\"></span>ue no pueden ser calificadas<span class=\"_ _6\"></span> como de inversi\u00f3<span class=\"_ _6\"></span>n o de finan<span class=\"_ _6\"></span>ciaci\u00f3n.<span class=\"_ _6\"></span> 3.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Actividades <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>inversi\u00f3n: <span class=\"_ _0\"></span>las <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>enajenaci\u00f3n <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>disp<span class=\"_ _6\"></span>osici\u00f3n <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>otros <span class=\"_ _10\"></span>medios <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>a </span>largo plazo y o<span class=\"_ _6\"></span>tras inversiones no in<span class=\"_ _6\"></span>cluidas en el efectivo y s<span class=\"_ _6\"></span>us equiv<span class=\"_ _6\"></span>alentes.<span class=\"_ _6\"></span> 4.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Actividades <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>financiaci\u00f3n: <span class=\"_ _18\"> </span>activ<span class=\"_ _6\"></span>idades <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>roducen <span class=\"_ _18\"> </span>cambios <span class=\"_ _18\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _18\"> </span>tama\u00f1o <span class=\"_ _18\"> </span>y <span class=\"_ _1e\"> </span>composici\u00f3n <span class=\"_ _18\"> </span>del </span>patrimonio neto y d<span class=\"_ _6\"></span>e los pasivos qu<span class=\"_ _6\"></span>e no forman parte d<span class=\"_ _6\"></span>e las actividades d<span class=\"_ _6\"></span>e explotaci\u00f3n.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 3.22<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Actividades con <span class=\"_ _e\"></span>i<span class=\"_ _6\"></span>mpacto en el Me<span class=\"_ _1\"></span>dio Ambiente </span></span>Se <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>sideran <span class=\"_ _15\"></span>actividad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>medioa<span class=\"_ _6\"></span>mbientales <span class=\"_ _15\"></span>aquellas <span class=\"_ _15\"></span>oper<span class=\"_ _6\"></span>aciones <span class=\"_ _15\"></span>desarrollad<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>ENCE<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>yo <span class=\"_ _15\"></span>prop\u00f3s<span class=\"_ _6\"></span>ito principal <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>proteger, <span class=\"_ _0\"></span>redu<span class=\"_ _6\"></span>cir <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>reparar <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>da\u00f1o, <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>resultado <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>idades <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>pueda producir sob<span class=\"_ _6\"></span>re el medio ambiente.<span class=\"_ _33\"> </span>Los gastos <span class=\"_ _e\"></span>derivados<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>actividades <span class=\"_ _1\"></span>medioambientales se <span class=\"_ _e\"></span>reconocen como <span class=\"_ _e\"></span>\u201cOtro<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>gastos de <span class=\"_ _e\"></span>explotaci\u00f3n\u201d en el ejercicio en el qu<span class=\"_ _6\"></span>e se incurren.<span class=\"_ _6\"></span> Los elementos d<span class=\"_ _6\"></span>el inmovilizado<span class=\"_ _6\"></span> material adquiridos<span class=\"_ _6\"></span> con el ob<span class=\"_ _6\"></span>jeto de ser utilizad<span class=\"_ _6\"></span>os de for<span class=\"_ _6\"></span>ma duradera en s<span class=\"_ _6\"></span>u actividad y cu<span class=\"_ _6\"></span>ya finalidad principal es la min<span class=\"_ _6\"></span>imizaci\u00f3n del i<span class=\"_ _6\"></span>mpacto medioambienta<span class=\"_ _6\"></span>l y la protecci\u00f3n y<span class=\"_ _6\"></span> mejora del <span class=\"_ _6\"></span>medio <span class=\"_ _15\"></span>ambient<span class=\"_ _6\"></span>e, <span class=\"_ _15\"></span>incluyendo <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>redu<span class=\"_ _6\"></span>cci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>eliminaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>taminaci\u00f3n <span class=\"_ _15\"></span>futura <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>operaciones del <span class=\"_ _0\"></span>Grup<span class=\"_ _6\"></span>o, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"></span>mediante <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>aplicaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>criterios <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>aloraci\u00f3n, <span class=\"_ _11\"> </span>presentaci\u00f3n <span class=\"_ _0\"></span>y desglose consis<span class=\"_ _6\"></span>tentes con los<span class=\"_ _6\"></span> que se mencionan <span class=\"_ _6\"></span>en los ap<span class=\"_ _6\"></span>artados 3.2 y<span class=\"_ _6\"></span> 3.3 de esta misma No<span class=\"_ _6\"></span><span class=\"ls1b\">ta</span>.<span class=\"_ _6\"></span> Las <span class=\"_ _11\"> </span>pro<span class=\"_ _6\"></span>visiones <span class=\"_ _11\"> </span>relativas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>responsabilidades <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>robables <span class=\"_ _11\"> </span>o <span class=\"_ _11\"> </span>ciertas, <span class=\"_ _12\"> </span>litigios <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>curso <span class=\"_ _11\"> </span>e <span class=\"_ _12\"> </span>indemnizaciones <span class=\"_ _12\"> </span>u obligaciones <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>endientes <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cuant\u00eda<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>indeterminada <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>natu<span class=\"_ _6\"></span>raleza <span class=\"_ _11\"> </span>medioambienta<span class=\"_ _6\"></span>l, <span class=\"_ _11\"> </span>no <span class=\"_ _12\"> </span>cubiertas <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>las p\u00f3lizas <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>seguros <span class=\"_ _0\"></span>suscritas, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>cons<span class=\"_ _6\"></span>tituyen <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>nacimiento <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>respo<span class=\"_ _6\"></span>nsab<span class=\"_ _6\"></span>ilidad <span class=\"_ _10\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la obligaci\u00f3n <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>determina <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>indemnizaci\u00f3n <span class=\"_ _11\"></span>o <span class=\"_ _0\"></span>pago. <span class=\"_ _11\"> </span>No <span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>ay <span class=\"_ _0\"></span>provisiones <span class=\"_ _11\"></span>relevantes <span class=\"_ _0\"></span>constituidas <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>este concepto al cierre de 202<span class=\"_ _6\"></span>4 y 2023.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "2.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Bases de presen<span class=\"_ _1\"></span>taci\u00f3n  </span>Las cuentas anuales <span class=\"_ _1\"></span>consolidadas de Ence <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>nerg\u00eda y <span class=\"_ _e\"></span>C<span class=\"_ _6\"></span>elulosa, S.A. del ejercicio <span class=\"_ _1\"></span>2024 se han <span class=\"_ _1\"></span>elaborado a partir de los <span class=\"_ _6\"></span>registros <span class=\"_ _6\"></span>contables <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>anuales <span class=\"_ _6\"></span>de dich<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>sociedad, <span class=\"_ _6\"></span>y las<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es integran<span class=\"_ _6\"></span>tes del Grupo <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>han <span class=\"_ _12\"> </span>sido <span class=\"_ _12\"> </span>preparad<span class=\"_ _6\"></span>as <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>marco <span class=\"_ _12\"> </span>normativ<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>in<span class=\"_ _6\"></span>formaci\u00f3n <span class=\"_ _12\"> </span>financiera <span class=\"_ _12\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>resu<span class=\"_ _6\"></span>lta <span class=\"_ _12\"> </span>de aplicaci\u00f3n <span class=\"_ _6\"></span>y, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>pa<span class=\"_ _6\"></span>rticular, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Normas <span class=\"_ _6\"></span>Internacionales <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e In<span class=\"_ _6\"></span>formaci\u00f3n <span class=\"_ _6\"></span>Financiera <span class=\"_ _6\"></span>adopta<span class=\"_ _6\"></span>das por la Uni\u00f3n E<span class=\"_ _6\"></span>uropea (NIIF<span class=\"_ _6\"></span>-UE) conforme a lo dis<span class=\"_ _6\"></span>puesto en el Reglamento (<span class=\"_ _6\"></span>CE) n\u00ba 1606/2<span class=\"_ _6\"></span>002 del Parlamento y del <span class=\"_ _6\"></span>Consejo <span class=\"_ _6\"></span>Europeo <span class=\"_ _6\"></span>y d<span class=\"_ _6\"></span>em\u00e1s<span class=\"_ _6\"></span> disp<span class=\"_ _6\"></span>osiciones <span class=\"_ _6\"></span>del m<span class=\"_ _6\"></span>arco <span class=\"_ _6\"></span>no<span class=\"_ _6\"></span>rmativo d<span class=\"_ _6\"></span>e infor<span class=\"_ _6\"></span>maci\u00f3n <span class=\"_ _6\"></span>financiera qu<span class=\"_ _6\"></span>e resu<span class=\"_ _6\"></span>lta de aplicaci\u00f3n, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>mues<span class=\"_ _6\"></span>tran <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>imagen <span class=\"_ _6\"></span>fiel <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>atrimonio <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>situaci\u00f3n <span class=\"_ _6\"></span>f<span class=\"_ _6\"></span>inanciera <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 de <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>20<span class=\"_ _6\"></span>24 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltados <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>operaciones, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cambios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>patri<span class=\"_ _6\"></span>monio <span class=\"_ _6\"></span>neto <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>los flujos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>efectivo <span class=\"_ _0\"></span>consolidado<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>han <span class=\"_ _0\"></span>generado <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>durante <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ejercicio <span class=\"_ _0\"></span>anual <span class=\"_ _0\"></span>terminado <span class=\"_ _0\"></span>en dicha <span class=\"_ _17\"> </span>fecha. <span class=\"_ _17\"> </span>Asimismo, <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>su <span class=\"_ _17\"> </span>preparaci\u00f3n <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>han <span class=\"_ _17\"> </span>considerado <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>requisitos <span class=\"_ _17\"> </span>de <span class=\"_ _18\"> </span>formato <span class=\"_ _17\"> </span>electr\u00f3nico establecidos en el Regla<span class=\"_ _6\"></span>mento Delegado<span class=\"_ _6\"></span> UE 2018/81<span class=\"_ _6\"></span>5 de la UE.<span class=\"_ _33\"> </span>Las <span class=\"_ _11\"></span>cuentas <span class=\"_ _11\"></span>anuales <span class=\"_ _11\"></span>consolidadas <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>ejercicio <span class=\"_ _11\"></span>2024 <span class=\"_ _11\"> </span>formuladas<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>Administradores <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>la Sociedad <span class=\"_ _1\"></span>Dominante se <span class=\"_ _e\"></span>someter\u00e1n a <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>robaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>su Junta <span class=\"_ _e\"></span>General <span class=\"_ _1\"></span>Ordinaria de <span class=\"_ _e\"></span>Accionistas,<span class=\"_ _33\"> </span>estim\u00e1ndose<span class=\"_ _1\"></span> que ser\u00e1n<span class=\"_ _6\"></span> aprob<span class=\"_ _6\"></span>adas s<span class=\"_ _6\"></span>in ninguna <span class=\"_ _6\"></span>modificaci\u00f3n. Por <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>parte, las <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>anuales<span class=\"_ _6\"></span> consolidadas <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo del ejercicio <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _6\"></span>fueron <span class=\"_ _15\"></span>aproba<span class=\"_ _6\"></span>das <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Junta <span class=\"_ _15\"></span>General <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>ccionistas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Sociedad <span class=\"_ _15\"></span>Dominan<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>4 <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>abril de 2024. En <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>nota <span class=\"_ _11\"> </span>3 <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>resumen <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>ol\u00edticas <span class=\"_ _11\"> </span>contables <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>criterio<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>valoraci\u00f3n <span class=\"_ _11\"> </span>m\u00e1s <span class=\"_ _11\"> </span>significa<span class=\"_ _6\"></span>tivos <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>han <span class=\"_ _11\"> </span>sido aplicados en la<span class=\"_ _6\"></span> elaboraci\u00f3n de esta<span class=\"_ _6\"></span>s cuentas anuales<span class=\"_ _6\"></span> consolidadas.<span class=\"_ _33\"> </span>El <span class=\"_ _e\"></span>Eu<span class=\"_ _6\"></span>ro <span class=\"_ _e\"></span>es <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>moneda f<span class=\"_ _1\"></span>uncional <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>de presentaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Sociedad Dominante. <span class=\"_ _a\"></span>La<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>cuenta<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>anuales conso<span class=\"_ _6\"></span>lidadas se expresan por <span class=\"_ _6\"></span>tanto en euros.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "Las cuentas anuales <span class=\"_ _1\"></span>consolidadas de Ence <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>nerg\u00eda y <span class=\"_ _e\"></span>C<span class=\"_ _6\"></span>elulosa, S.A. del ejercicio <span class=\"_ _1\"></span>2024 se han <span class=\"_ _1\"></span>elaborado a partir de los <span class=\"_ _6\"></span>registros <span class=\"_ _6\"></span>contables <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>anuales <span class=\"_ _6\"></span>de dich<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>sociedad, <span class=\"_ _6\"></span>y las<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es integran<span class=\"_ _6\"></span>tes del Grupo <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>han <span class=\"_ _12\"> </span>sido <span class=\"_ _12\"> </span>preparad<span class=\"_ _6\"></span>as <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>marco <span class=\"_ _12\"> </span>normativ<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>in<span class=\"_ _6\"></span>formaci\u00f3n <span class=\"_ _12\"> </span>financiera <span class=\"_ _12\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>resu<span class=\"_ _6\"></span>lta <span class=\"_ _12\"> </span>de aplicaci\u00f3n <span class=\"_ _6\"></span>y, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>pa<span class=\"_ _6\"></span>rticular, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Normas <span class=\"_ _6\"></span>Internacionales <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e In<span class=\"_ _6\"></span>formaci\u00f3n <span class=\"_ _6\"></span>Financiera <span class=\"_ _6\"></span>adopta<span class=\"_ _6\"></span>das por la Uni\u00f3n E<span class=\"_ _6\"></span>uropea (NIIF<span class=\"_ _6\"></span>-UE) conforme a lo dis<span class=\"_ _6\"></span>puesto en el Reglamento (<span class=\"_ _6\"></span>CE) n\u00ba 1606/2<span class=\"_ _6\"></span>002 del Parlamento y del <span class=\"_ _6\"></span>Consejo <span class=\"_ _6\"></span>Europeo <span class=\"_ _6\"></span>y d<span class=\"_ _6\"></span>em\u00e1s<span class=\"_ _6\"></span> disp<span class=\"_ _6\"></span>osiciones <span class=\"_ _6\"></span>del m<span class=\"_ _6\"></span>arco <span class=\"_ _6\"></span>no<span class=\"_ _6\"></span>rmativo d<span class=\"_ _6\"></span>e infor<span class=\"_ _6\"></span>maci\u00f3n <span class=\"_ _6\"></span>financiera qu<span class=\"_ _6\"></span>e resu<span class=\"_ _6\"></span>lta de aplicaci\u00f3n, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>mues<span class=\"_ _6\"></span>tran <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>imagen <span class=\"_ _6\"></span>fiel <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>atrimonio <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>situaci\u00f3n <span class=\"_ _6\"></span>f<span class=\"_ _6\"></span>inanciera <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 de <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>20<span class=\"_ _6\"></span>24 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltados <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>operaciones, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cambios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>patri<span class=\"_ _6\"></span>monio <span class=\"_ _6\"></span>neto <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>los flujos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>efectivo <span class=\"_ _0\"></span>consolidado<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>han <span class=\"_ _0\"></span>generado <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>durante <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ejercicio <span class=\"_ _0\"></span>anual <span class=\"_ _0\"></span>terminado <span class=\"_ _0\"></span>en dicha <span class=\"_ _17\"> </span>fecha. <span class=\"_ _17\"> </span>Asimismo, <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>su <span class=\"_ _17\"> </span>preparaci\u00f3n <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>han <span class=\"_ _17\"> </span>considerado <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>requisitos <span class=\"_ _17\"> </span>de <span class=\"_ _18\"> </span>formato <span class=\"_ _17\"> </span>electr\u00f3nico establecidos en el Regla<span class=\"_ _6\"></span>mento Delegado<span class=\"_ _6\"></span> UE 2018/81<span class=\"_ _6\"></span>5 de la UE.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "Las <span class=\"_ _11\"></span>cuentas <span class=\"_ _11\"></span>anuales <span class=\"_ _11\"></span>consolidadas <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>ejercicio <span class=\"_ _11\"></span>2024 <span class=\"_ _11\"> </span>formuladas<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>Administradores <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>la Sociedad <span class=\"_ _1\"></span>Dominante se <span class=\"_ _e\"></span>someter\u00e1n a <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>robaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>su Junta <span class=\"_ _e\"></span>General <span class=\"_ _1\"></span>Ordinaria de <span class=\"_ _e\"></span>Accionistas,<span class=\"_ _33\"> </span>estim\u00e1ndose<span class=\"_ _1\"></span> que ser\u00e1n<span class=\"_ _6\"></span> aprob<span class=\"_ _6\"></span>adas s<span class=\"_ _6\"></span>in ninguna <span class=\"_ _6\"></span>modificaci\u00f3n. Por <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>parte, las <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>anuales<span class=\"_ _6\"></span> consolidadas <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo del ejercicio <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _6\"></span>fueron <span class=\"_ _15\"></span>aproba<span class=\"_ _6\"></span>das <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Junta <span class=\"_ _15\"></span>General <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>ccionistas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Sociedad <span class=\"_ _15\"></span>Dominan<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>4 <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>abril de 2024.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "El <span class=\"_ _e\"></span>Eu<span class=\"_ _6\"></span>ro <span class=\"_ _e\"></span>es <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>moneda f<span class=\"_ _1\"></span>uncional <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>de presentaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Sociedad Dominante. <span class=\"_ _a\"></span>La<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>cuenta<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>anuales conso<span class=\"_ _6\"></span>lidadas se expresan por <span class=\"_ _6\"></span>tanto en euros.<span class=\"_ _33\"> </span>Conversi\u00f3n de esta<span class=\"_ _6\"></span>dos financieros<span class=\"_ _6\"></span> Los res<span class=\"_ _6\"></span>ultados y <span class=\"_ _6\"></span>la posici\u00f3n <span class=\"_ _6\"></span>financiera <span class=\"_ _6\"></span>de todas<span class=\"_ _6\"></span> las <span class=\"_ _6\"></span>entidades d<span class=\"_ _6\"></span>el Grupo <span class=\"_ _6\"></span>cuya <span class=\"_ _6\"></span>moneda funcional <span class=\"_ _6\"></span>sea <span class=\"_ _6\"></span>distinta de <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>moneda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>convierten <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>euro <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>siguiente <span class=\"_ _0\"></span>modo; <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>activos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _11\"></span>al <span class=\"_ _10\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de cambio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Estad<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>Situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>Financiera, <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>atrimonio <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>hist\u00f3<span class=\"_ _6\"></span>rico, <span class=\"_ _6\"></span>y los ingresos y gastos <span class=\"_ _1\"></span>al tipo de<span class=\"_ _1\"></span> cambio medio <span class=\"_ _1\"></span>del periodo de <span class=\"_ _1\"></span>devengo. Las diferencias de ca<span class=\"_ _1\"></span>mbio resultantes se <span class=\"_ _6\"></span>rec<span class=\"ff6\">onocen <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>\u201cOtro <span class=\"_ _6\"></span>Resultado <span class=\"_ _6\"></span>Global\u201d<span class=\"_ _6\"></span>, y <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>imputar\u00e1n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os en<span class=\"_ _15\"></span></span> <span class=\"_ _6\"></span>el period<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>que se lleve a cabo la enaj<span class=\"_ _6\"></span>enaci\u00f3n de la inv<span class=\"_ _6\"></span>ersi\u00f3n.  Las sociedad<span class=\"_ _6\"></span>es del Grupo no se ub<span class=\"_ _6\"></span>ican en pa\u00edses<span class=\"_ _6\"></span> de econom\u00eda <span class=\"_ _6\"></span>hiperinflacionaria<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>3.20<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\"> Saldos y tra<span class=\"_ _1\"></span>nsacciones en <span class=\"_ _1\"></span>moneda diferen<span class=\"_ _1\"></span>te al euro<span class=\"_ _33\"> </span> </span></span>Las <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>uales <span class=\"_ _6\"></span>conso<span class=\"_ _6\"></span>lidadas <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>presentan <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>euros, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>mon<span class=\"_ _6\"></span>eda <span class=\"_ _6\"></span>funcional <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>de la Sociedad Dominante.<span class=\"_ _6\"></span> La <span class=\"_ _e\"></span>conv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>a euros <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los cr\u00e9ditos <span class=\"_ _e\"></span>y d\u00e9bitos <span class=\"_ _e\"></span>expresados e<span class=\"_ _1\"></span>n <span class=\"_ _e\"></span>moneda diferente <span class=\"_ _e\"></span>del e<span class=\"_ _1\"></span>uro <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>realiza aplicando el <span class=\"_ _1\"></span>tipo de <span class=\"_ _1\"></span>cambio vigente <span class=\"_ _1\"></span>en el m<span class=\"_ _1\"></span>omento de <span class=\"_ _1\"></span>efectuar la <span class=\"_ _1\"></span>correspon<span class=\"_ _6\"></span>diente operaci\u00f3n, <span class=\"_ _1\"></span>ajust\u00e1ndose dicho valor en  cada <span class=\"_ _12\"> </span>ci<span class=\"_ _6\"></span>erre  y <span class=\"_ _12\"> </span>has<span class=\"_ _6\"></span>ta  su  cancelaci\u00f3n  en <span class=\"_ _12\"> </span>fun<span class=\"_ _6\"></span>ci\u00f3n  de <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span>  evoluci\u00f3n  del <span class=\"_ _12\"> </span>t<span class=\"_ _6\"></span>ip<span class=\"_ _6\"></span>o  de  cambio. <span class=\"_ _12\"> </span>Lo<span class=\"_ _6\"></span>s  activos  no monetarios <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>enominados <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>moneda <span class=\"_ _e\"></span>extranjera, poco <span class=\"_ _e\"></span>significativos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>ENCE, <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>convierte<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>licando <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>tipo de cambio aplicable en la f<span class=\"_ _6\"></span>echa en la<span class=\"_ _6\"></span> que el activo s<span class=\"_ _6\"></span>e incorpor\u00f3 al Grup<span class=\"_ _6\"></span>o.<span class=\"_ _6\"></span> Las diferencias <span class=\"_ _1\"></span>de cambio que re<span class=\"_ _1\"></span>sultan del cobro <span class=\"_ _e\"></span>o pago de cr\u00e9ditos o <span class=\"_ _e\"></span>deud<span class=\"_ _6\"></span>as en <span class=\"_ _1\"></span>moneda diferente del euro y <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>res<span class=\"_ _6\"></span>ultan <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alorar <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>cuentas <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>cobrar <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>pagar <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>moneda <span class=\"_ _15\"></span>diferente <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>euro <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>fecha <span class=\"_ _10\"></span>de cierre, d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>vige<span class=\"_ _6\"></span>nt<span class=\"_ _6\"></span>e en <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>momento, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e impu<span class=\"_ _6\"></span>tan <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>resultado<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>gasto<span class=\"_ _6\"></span> financiero en el period<span class=\"_ _6\"></span>o en que se pro<span class=\"_ _6\"></span>ducen.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "2.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Principios de conso<span class=\"_ _1\"></span>lidaci\u00f3n<span class=\"_ _33\"> </span></span><span class=\"fc2\"> </span>En el Anexo I<span class=\"_ _1\"></span> se <span class=\"_ _1\"></span>incluye un det<span class=\"_ _1\"></span>alle de las <span class=\"_ _1\"></span>sociedades dependientes, negocios conjuntos y <span class=\"_ _1\"></span>asociadas de ENCE, as\u00ed como el m\u00e9todo d<span class=\"_ _6\"></span>e consolidaci\u00f3n<span class=\"_ _6\"></span> o valoraci\u00f3n<span class=\"_ _6\"></span> aplicado y otra in<span class=\"_ _6\"></span>formaci\u00f3n referente a las<span class=\"_ _6\"></span> mismas.<span class=\"_ _15\"></span> Sociedades dependien<span class=\"_ _6\"></span>tes Se <span class=\"_ _12\"> </span>cons<span class=\"_ _6\"></span>ideran  sociedades <span class=\"_ _12\"> </span>dependientes  aquellas <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>obre  la<span class=\"_ _e\"></span>s<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>NCE, <span class=\"_ _12\"> </span>directa  o <span class=\"_ _12\"> </span>indirectamente,  ejerce control. <span class=\"_ _e\"></span>Dicho<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>contro<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>manifiesta, <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>general aunque <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>\u00fa<span class=\"_ _6\"></span>nicamente, <span class=\"_ _e\"></span>por la <span class=\"_ _a\"></span>pro<span class=\"_ _6\"></span>piedad, directa <span class=\"_ _a\"></span>o indirecta, de al <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>50% o <span class=\"_ _6\"></span>m\u00e1s<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> derechos <span class=\"_ _6\"></span>pol\u00edt<span class=\"_ _6\"></span>icos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>entid<span class=\"_ _6\"></span>ades p<span class=\"_ _6\"></span>articipadas. <span class=\"_ _15\"></span>El Gru<span class=\"_ _6\"></span>po E<span class=\"_ _6\"></span>NCE con<span class=\"_ _6\"></span>sidera que <span class=\"_ _6\"></span>mantiene <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ociedad <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>pos<span class=\"_ _6\"></span>ee d<span class=\"_ _6\"></span>erechos su<span class=\"_ _6\"></span>stantivos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>vigor <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>proporcionan<span class=\"_ _6\"></span> la capacid<span class=\"_ _6\"></span>ad d<span class=\"_ _6\"></span>e dirigir las<span class=\"_ _6\"></span> actividad<span class=\"_ _6\"></span>es relevantes <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>est\u00e1 expuesto,<span class=\"_ _6\"></span> o <span class=\"_ _6\"></span>tiene derecho, <span class=\"_ _6\"></span>a rend<span class=\"_ _6\"></span>im<span class=\"_ _6\"></span>ientos<span class=\"_ _6\"></span> variab<span class=\"_ _6\"></span>les procedentes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>implicaci\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>sociedad <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>tiene <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>capacidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>influir <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>esos <span class=\"_ _6\"></span>rend<span class=\"_ _6\"></span>imientos <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>trav\u00e9s de su pod<span class=\"_ _6\"></span>er sobre esta<span class=\"_ _6\"></span><span class=\"ff6\">. Estas sociedades se han<span class=\"_ _6\"></span> consolidado por el m\u00e9todo d<span class=\"_ _6\"></span>e \u201cIntegraci\u00f3n Glob<span class=\"_ _6\"></span>al\u201d.<span class=\"_ _6\"></span></span> Los <span class=\"_ _15\"></span>ingreso<span class=\"_ _6\"></span>s, <span class=\"_ _15\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>flujos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>efectivo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>dependientes <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"></span>anuales consolidadas <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>aquella, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>obtiene <span class=\"_ _10\"></span>efectiv<span class=\"_ _6\"></span>amente <span class=\"_ _10\"></span>el control de las mis<span class=\"_ _6\"></span>mas. Las entid<span class=\"_ _6\"></span>ades dependie<span class=\"_ _6\"></span>ntes s<span class=\"_ _6\"></span>e excluyen de la con<span class=\"_ _6\"></span>solidaci\u00f3n d<span class=\"_ _6\"></span>esde la fecha en la<span class=\"_ _6\"></span> que se pierde el control so<span class=\"_ _6\"></span>bre ellas.<span class=\"_ _6\"></span> Las <span class=\"_ _0\"></span>participacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>dominantes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>mo<span class=\"_ _6\"></span>mento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>equivalent<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _15\"></span>proporcional <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>netos <span class=\"_ _15\"></span>identificables <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>cidos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>toma <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>contro<span class=\"_ _6\"></span>l. Las <span class=\"_ _11\"></span>participaciones <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>dominantes <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>patrimonio <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>resultados <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _0\"></span>dependientes integradas globalmente s<span class=\"_ _6\"></span>e presentan<span class=\"_ _6\"></span> bajo la d<span class=\"_ _6\"></span>enominaci\u00f3n de \u201cIntereses<span class=\"_ _6\"></span> minoritarios<span class=\"_ _6\"></span>\u201d, dentro del cap<span class=\"_ _6\"></span>\u00edtulo \u201cPatrimonio <span class=\"_ _11\"></span>Neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3n <span class=\"_ _11\"></span>Financiera <span class=\"_ _0\"></span>consolidado, <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>cap\u00edtulo <span class=\"_ _0\"></span>\u201c<span class=\"_ _15\"></span><span class=\"ff4\">Resultado<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>atribuid<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a </span>intereses minoritarios\u201d d<span class=\"_ _6\"></span>el Estado<span class=\"_ _6\"></span> de Resultado con<span class=\"_ _6\"></span>solidado.<span class=\"_ _33\"> </span>Los cambio<span class=\"_ _6\"></span>s en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>participaci\u00f3<span class=\"_ _6\"></span>n de <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>sociedad <span class=\"_ _6\"></span>dependiente <span class=\"_ _6\"></span>que no <span class=\"_ _6\"></span>dan <span class=\"_ _6\"></span>lugar <span class=\"_ _6\"></span>a u<span class=\"_ _6\"></span>na p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _6\"></span>de con<span class=\"_ _6\"></span>trol se contabilizan <span class=\"_ _11\"> </span>como <span class=\"_ _11\"></span>transacciones <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>atrimonio, <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ecir, <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"></span>cualquier <span class=\"_ _0\"></span>resu<span class=\"_ _6\"></span>ltado <span class=\"_ _11\"></span>obtenido <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>recono<span class=\"_ _6\"></span>ce directamente en el patrimoni<span class=\"_ _6\"></span>o. <span class=\"_ _6\"></span> Cuando <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roduce <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>contro<span class=\"_ _6\"></span>l <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>una <span class=\"_ _0\"></span>empresa <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>lugar <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>baja <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>y pasivos, <span class=\"_ _11\"> </span>as\u00ed <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>otros <span class=\"_ _11\"> </span>componentes<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>patrimonio <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>cualquier <span class=\"_ _11\"></span>participaci\u00f3n <span class=\"_ _11\"> </span>no <span class=\"_ _11\"></span>dominante <span class=\"_ _11\"></span>que pudiera existir. <span class=\"_ _1\"></span>Las plu<span class=\"_ _1\"></span>sval\u00edas o <span class=\"_ _e\"></span>minus<span class=\"_ _6\"></span>val\u00edas resultantes se <span class=\"_ _1\"></span>reconocen <span class=\"_ _1\"></span>en e<span class=\"_ _1\"></span>l Estado <span class=\"_ _1\"></span>de Re<span class=\"_ _1\"></span>sultado consolidado. Las <span class=\"_ _15\"></span>participaciones<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>mantengan<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>filiales <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ubiera <span class=\"_ _15\"></span>perdido <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>trol <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>valoran por <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la fecha <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>circunstancia <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ubiera <span class=\"_ _6\"></span>tenido <span class=\"_ _6\"></span>lugar, s<span class=\"_ _6\"></span>iendo<span class=\"_ _15\"></span> <span class=\"_ _6\"></span>\u00e9ste <span class=\"_ _6\"></span>el valo<span class=\"_ _6\"></span>r de coste a efectos de su<span class=\"_ _6\"></span> valoraci\u00f3n p<span class=\"_ _6\"></span>osterior.<span class=\"_ _33\"> </span>Operaciones conjuntas<span class=\"_ _6\"></span> En aquellos casos en lo<span class=\"_ _1\"></span>s que s<span class=\"_ _1\"></span>e gestiona con terceros una <span class=\"_ _1\"></span>operaci\u00f3n conjunta, y se <span class=\"_ _1\"></span>concluye que el <span class=\"_ _1\"></span>part\u00edcipe tiene <span class=\"_ _10\"></span>derechos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>obligaciones<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>directas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>parte <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roporcional <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>pas<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>acuerdo, <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _33\"> </span>reconoce <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>las <span class=\"_ _11\"></span>cuentas <span class=\"_ _11\"></span>anuales <span class=\"_ _11\"></span>consolida<span class=\"_ _6\"></span>das <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>activos, <span class=\"_ _11\"></span>pasivos, <span class=\"_ _11\"></span>ingresos <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>acuerdo <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>operaci\u00f3n <span class=\"_ _6\"></span>conju<span class=\"_ _6\"></span>nta. <span class=\"_ _6\"></span>Las <span class=\"_ _6\"></span>sociedades <span class=\"_ _6\"></span>integradas <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>este m\u00e9todo <span class=\"_ _6\"></span>se in<span class=\"_ _6\"></span>cluyen <span class=\"_ _6\"></span>en el<span class=\"_ _6\"></span> Anexo<span class=\"_ _6\"></span> I.<span class=\"_ _33\"> </span>Inversiones registradas po<span class=\"_ _6\"></span>r el m\u00e9todo d<span class=\"_ _6\"></span>e la participaci\u00f3n <span class=\"_ _6\"></span> Las <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>versiones <span class=\"_ _1\"></span>registradas <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _e\"></span>de la <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>articipaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>incluyen las <span class=\"_ _e\"></span>inversiones <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>empresas<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>ociadas, as\u00ed como en negocios co<span class=\"_ _6\"></span>njuntos<span class=\"_ _6\"></span> (acuerdos conju<span class=\"_ _6\"></span>ntos que dan derecho a<span class=\"_ _6\"></span> los activos<span class=\"_ _6\"></span> netos del acuerdo).<span class=\"_ _15\"></span> Se <span class=\"_ _1\"></span>consideran asociadas aquellas sociedades sobre las <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e ENCE, <span class=\"_ _1\"></span>directa o <span class=\"_ _e\"></span>ind<span class=\"_ _6\"></span>irectamente, ejerce inf<span class=\"_ _1\"></span>luencia<span class=\"_ _6\"></span> significativa. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>influencia <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ignificativa es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>oder <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>intervenir en <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>decisiones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pol\u00edtica <span class=\"_ _6\"></span>financiera <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de explotaci\u00f3n d<span class=\"_ _6\"></span>e una <span class=\"_ _6\"></span>entidad,<span class=\"_ _6\"></span> sin <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue sup<span class=\"_ _6\"></span>onga la <span class=\"_ _6\"></span>existencia de con<span class=\"_ _6\"></span>trol o<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>conjunto s<span class=\"_ _6\"></span>obre la <span class=\"_ _6\"></span>misma. Generalmente v<span class=\"_ _6\"></span>iene acompa<span class=\"_ _6\"></span>\u00f1ado <span class=\"_ _6\"></span>por una <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _6\"></span>de entre un<span class=\"_ _6\"></span> 20% y<span class=\"_ _6\"></span> un <span class=\"_ _6\"></span>50% de los <span class=\"_ _6\"></span>derechos <span class=\"_ _6\"></span>de vo<span class=\"_ _6\"></span>to<span class=\"_ _6\"></span> de la entidad. Las <span class=\"_ _15\"></span>inversiones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>asociadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>inversiones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>negocios <span class=\"_ _15\"></span>conju<span class=\"_ _6\"></span>ntos <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>m\u00e9todo de la <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _6\"></span>desde <span class=\"_ _6\"></span>la fecha en <span class=\"_ _6\"></span>la q<span class=\"_ _6\"></span>ue se ejerce in<span class=\"_ _6\"></span>fluencia <span class=\"_ _6\"></span>significativa, <span class=\"_ _6\"></span>o bien, <span class=\"_ _6\"></span>el control <span class=\"_ _6\"></span>conjun<span class=\"_ _6\"></span>to. En este sentido, esta<span class=\"_ _6\"></span>s inversiones s<span class=\"_ _6\"></span>e reconocen inicialm<span class=\"_ _6\"></span>ente por su co<span class=\"_ _6\"></span>ste de adquisici\u00f3n.<span class=\"_ _6\"></span> El <span class=\"_ _6\"></span>exceso <span class=\"_ _15\"></span>entre <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>inversi\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>porcentaje <span class=\"_ _6\"></span>corres<span class=\"_ _6\"></span>pondiente <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>valores <span class=\"_ _15\"></span>razonables de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>netos <span class=\"_ _15\"></span>identificables <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>registra <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>fondo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio, <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incluye <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>contable de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n. <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _0\"></span>defecto, <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>vez <span class=\"_ _0\"></span>eva<span class=\"_ _6\"></span>luad<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>importes <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>identificaci\u00f3n <span class=\"_ _0\"></span>y valoraci\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>activos <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>etos <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>asociad<span class=\"_ _6\"></span>a, <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>registra <span class=\"_ _12\"> </span>como <span class=\"_ _1a\"> </span>un <span class=\"_ _12\"> </span>ingreso <span class=\"_ _12\"> </span>en  la <span class=\"_ _11\"> </span>determinaci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la participaci\u00f3n del inv<span class=\"_ _6\"></span>ersor en los resu<span class=\"_ _6\"></span>ltados de la aso<span class=\"_ _6\"></span>ciada del ejercicio en que se ha<span class=\"_ _15\"></span> adquirido.<span class=\"_ _6\"></span> La particip<span class=\"_ _6\"></span>aci\u00f3n d<span class=\"_ _6\"></span>el Grupo en los<span class=\"_ _6\"></span> beneficios <span class=\"_ _6\"></span>o p<span class=\"_ _6\"></span>\u00e9rdidas de <span class=\"_ _6\"></span>las entidad<span class=\"_ _6\"></span>es asociadas <span class=\"_ _6\"></span>obtenidas <span class=\"_ _6\"></span>desde <span class=\"_ _6\"></span>la fecha de adquisici\u00f3n se registra como un aumento o disminuci\u00f3n del valor de <span class=\"_ _1\"></span>las inversiones con abono o cargo al ep\u00edgrafe <span class=\"_ _10\"></span>\"Resultado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>sociedades <span class=\"_ _10\"></span>integrad<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>participaci\u00f3n\" <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resultado consolidado<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Las <span class=\"_ _15\"></span>distribuciones <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>dividendos <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>minoracion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>inversiones. Asimismo, se ajusta el valor de la inversi\u00f3n para reflejar la proporci\u00f3n de aquellos c<span class=\"_ _6\"></span>ambios<span class=\"_ _6\"></span> en el <span class=\"_ _1\"></span>patrimonio<span class=\"_ _6\"></span> neto de estas s<span class=\"_ _6\"></span>ociedades que no s<span class=\"_ _6\"></span>e han reconocido en s<span class=\"_ _6\"></span>us resultados.<span class=\"_ _33\"> </span>Conversi\u00f3n de esta<span class=\"_ _6\"></span>dos financieros<span class=\"_ _6\"></span> Los res<span class=\"_ _6\"></span>ultados y <span class=\"_ _6\"></span>la posici\u00f3n <span class=\"_ _6\"></span>financiera <span class=\"_ _6\"></span>de todas<span class=\"_ _6\"></span> las <span class=\"_ _6\"></span>entidades d<span class=\"_ _6\"></span>el Grupo <span class=\"_ _6\"></span>cuya <span class=\"_ _6\"></span>moneda funcional <span class=\"_ _6\"></span>sea <span class=\"_ _6\"></span>distinta de <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>moneda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>convierten <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>euro <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>siguiente <span class=\"_ _0\"></span>modo; <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>activos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _11\"></span>al <span class=\"_ _10\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de cambio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Estad<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>Situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>Financiera, <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>atrimonio <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>hist\u00f3<span class=\"_ _6\"></span>rico, <span class=\"_ _6\"></span>y los ingresos y gastos <span class=\"_ _1\"></span>al tipo de<span class=\"_ _1\"></span> cambio medio <span class=\"_ _1\"></span>del periodo de <span class=\"_ _1\"></span>devengo. Las diferencias de ca<span class=\"_ _1\"></span>mbio resultantes se <span class=\"_ _6\"></span>rec<span class=\"ff6\">onocen <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>\u201cOtro <span class=\"_ _6\"></span>Resultado <span class=\"_ _6\"></span>Global\u201d<span class=\"_ _6\"></span>, y <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>imputar\u00e1n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os en<span class=\"_ _15\"></span></span> <span class=\"_ _6\"></span>el period<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>que se lleve a cabo la enaj<span class=\"_ _6\"></span>enaci\u00f3n de la inv<span class=\"_ _6\"></span>ersi\u00f3n.  Las sociedad<span class=\"_ _6\"></span>es del Grupo no se ub<span class=\"_ _6\"></span>ican en pa\u00edses<span class=\"_ _6\"></span> de econom\u00eda <span class=\"_ _6\"></span>hiperinflacionaria<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span> Homogeneizaci\u00f3n y otros<span class=\"_ _6\"></span> La consolidaci\u00f3n de las entidades que conforman el <span class=\"_ _1\"></span>per\u00edmetro de consolidaci\u00f3n<span class=\"_ _6\"></span> ha sido realizada a <span class=\"_ _1\"></span>partir de sus cuentas <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>uales indivi<span class=\"_ _1\"></span>duales <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>son preparadas <span class=\"_ _1\"></span>conforme <span class=\"_ _e\"></span>al<span class=\"_ _6\"></span> Plan <span class=\"_ _e\"></span>General de <span class=\"_ _e\"></span>Contab<span class=\"_ _6\"></span>ilidad Espa\u00f1ol para<span class=\"_ _1\"></span> aquellas <span class=\"_ _18\"> </span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _18\"> </span>residentes<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>Esp<span class=\"_ _6\"></span>a\u00f1a <span class=\"_ _18\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>conforme  a <span class=\"_ _17\"> </span>su <span class=\"_ _18\"> </span>propia <span class=\"_ _18\"> </span>normativa <span class=\"_ _17\"> </span>local  para <span class=\"_ _17\"> </span>e<span class=\"_ _1\"></span>l <span class=\"_ _18\"> </span>resto <span class=\"_ _18\"> </span>de<span class=\"_ _6\"></span> participadas.  Las p<span class=\"_ _6\"></span>ol\u00edticas con<span class=\"_ _6\"></span>tables de <span class=\"_ _6\"></span>las sociedad<span class=\"_ _6\"></span>es depend<span class=\"_ _6\"></span>ientes se <span class=\"_ _6\"></span>han ad<span class=\"_ _6\"></span>aptado a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>pol\u00edticas <span class=\"_ _6\"></span>contables del <span class=\"_ _6\"></span>Grupo. As\u00ed <span class=\"_ _1\"></span>mismo, <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>cuenta<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>uales <span class=\"_ _e\"></span>o estados <span class=\"_ _e\"></span>financieros de <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>sociedades<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>dependientes utilizados <span class=\"_ _e\"></span>en e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>proceso<span class=\"_ _33\"> </span>de <span class=\"_ _6\"></span>consolidaci\u00f3n <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>t\u00e1n <span class=\"_ _6\"></span>referidos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>m<span class=\"_ _6\"></span>isma <span class=\"_ _6\"></span>fech<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n, <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dicie<span class=\"_ _6\"></span>mbre, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>mismo <span class=\"_ _6\"></span>per<span class=\"_ _6\"></span>iodo <span class=\"_ _6\"></span>que los de la Sociedad d<span class=\"_ _6\"></span>ominante.<span class=\"_ _33\"> </span>En el <span class=\"_ _6\"></span>proceso <span class=\"_ _6\"></span>de cons<span class=\"_ _6\"></span>olidaci\u00f3n<span class=\"_ _6\"></span>, las<span class=\"_ _6\"></span> trans<span class=\"_ _6\"></span>acciones <span class=\"_ _6\"></span>y saldos<span class=\"_ _6\"></span> mantenidos <span class=\"_ _6\"></span>entre s<span class=\"_ _6\"></span>ociedades <span class=\"_ _6\"></span>dependientes <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>los beneficios o p\u00e9rdidas<span class=\"_ _6\"></span> no realizados h<span class=\"_ _6\"></span>an sido eliminados<span class=\"_ _6\"></span>. Los tra<span class=\"_ _6\"></span>bajos <span class=\"_ _6\"></span>efectuados <span class=\"_ _6\"></span>por el <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>su p<span class=\"_ _6\"></span>ropio <span class=\"_ _6\"></span>inmovilizado se <span class=\"_ _6\"></span>reconocen p<span class=\"_ _6\"></span>or su<span class=\"_ _6\"></span> coste <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>roducci\u00f3n elimin\u00e1ndose los resu<span class=\"_ _6\"></span>ltados intragrupo.<span class=\"_ _6\"></span> En la <span class=\"_ _1\"></span>Nota 6 <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e presentan <span class=\"_ _1\"></span>los cambios habidos en <span class=\"_ _1\"></span>los ejercicios <span class=\"_ _1\"></span>202<span class=\"_ _6\"></span>4 y <span class=\"_ _e\"></span>20<span class=\"_ _6\"></span>23 en <span class=\"_ _1\"></span>el conjunto de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> sociedades consolidadas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>tegraci\u00f3n <span class=\"_ _15\"></span>global <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>m\u00e9todo <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>participaci\u00f3n. <span class=\"_ _10\"></span>En <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>correspondientes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>notas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de esta Memoria consolidada, bajo el t\u00edtulo \u201cVariaciones del <span class=\"_ _1\"></span>per\u00edmetro\u201d, se muestran los efectos relevantes de las incorpora<span class=\"_ _6\"></span>ciones y salidas<span class=\"_ _6\"></span> de sociedades en el per\u00edmetro <span class=\"_ _6\"></span>de consolida<span class=\"_ _6\"></span>ci\u00f3n.<span class=\"_ _33\"> </span>A <span class=\"_ _18\"> </span>efectos <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>comparabilidad <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>deben <span class=\"_ _18\"> </span>tener <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>cons<span class=\"_ _6\"></span>ideraci\u00f3n, <span class=\"_ _18\"> </span>principalmente, <span class=\"_ _18\"> </span>las <span class=\"_ _18\"> </span>v<span class=\"_ _6\"></span>ariaciones <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>el per\u00edmetro de conso<span class=\"_ _6\"></span>lidaci\u00f3n detalladas<span class=\"_ _6\"></span> en la Nota<span class=\"_ _6\"></span> 6.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "2.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Principios de conso<span class=\"_ _1\"></span>lidaci\u00f3n<span class=\"_ _33\"> </span></span>Las <span class=\"_ _0\"></span>participacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>dominantes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>mo<span class=\"_ _6\"></span>mento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>equivalent<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _15\"></span>proporcional <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>netos <span class=\"_ _15\"></span>identificables <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>cidos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>toma <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>contro<span class=\"_ _6\"></span>l. Las <span class=\"_ _11\"></span>participaciones <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>dominantes <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>patrimonio <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>resultados <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _0\"></span>dependientes integradas globalmente s<span class=\"_ _6\"></span>e presentan<span class=\"_ _6\"></span> bajo la d<span class=\"_ _6\"></span>enominaci\u00f3n de \u201cIntereses<span class=\"_ _6\"></span> minoritarios<span class=\"_ _6\"></span>\u201d, dentro del cap<span class=\"_ _6\"></span>\u00edtulo \u201cPatrimonio <span class=\"_ _11\"></span>Neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3n <span class=\"_ _11\"></span>Financiera <span class=\"_ _0\"></span>consolidado, <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>cap\u00edtulo <span class=\"_ _0\"></span>\u201c<span class=\"_ _15\"></span><span class=\"ff4\">Resultado<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>atribuid<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a </span>intereses minoritarios\u201d d<span class=\"_ _6\"></span>el Estado<span class=\"_ _6\"></span> de Resultado con<span class=\"_ _6\"></span>solidado.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "En el Anexo I<span class=\"_ _1\"></span> se <span class=\"_ _1\"></span>incluye un det<span class=\"_ _1\"></span>alle de las <span class=\"_ _1\"></span>sociedades dependientes, negocios conjuntos y <span class=\"_ _1\"></span>asociadas de ENCE, as\u00ed como el m\u00e9todo d<span class=\"_ _6\"></span>e consolidaci\u00f3n<span class=\"_ _6\"></span> o valoraci\u00f3n<span class=\"_ _6\"></span> aplicado y otra in<span class=\"_ _6\"></span>formaci\u00f3n referente a las<span class=\"_ _6\"></span> mismas.<span class=\"_ _15\"></span> Sociedades dependien<span class=\"_ _6\"></span>tes Se <span class=\"_ _12\"> </span>cons<span class=\"_ _6\"></span>ideran  sociedades <span class=\"_ _12\"> </span>dependientes  aquellas <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>obre  la<span class=\"_ _e\"></span>s<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>NCE, <span class=\"_ _12\"> </span>directa  o <span class=\"_ _12\"> </span>indirectamente,  ejerce control. <span class=\"_ _e\"></span>Dicho<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>contro<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>manifiesta, <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>general aunque <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>\u00fa<span class=\"_ _6\"></span>nicamente, <span class=\"_ _e\"></span>por la <span class=\"_ _a\"></span>pro<span class=\"_ _6\"></span>piedad, directa <span class=\"_ _a\"></span>o indirecta, de al <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>50% o <span class=\"_ _6\"></span>m\u00e1s<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> derechos <span class=\"_ _6\"></span>pol\u00edt<span class=\"_ _6\"></span>icos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>entid<span class=\"_ _6\"></span>ades p<span class=\"_ _6\"></span>articipadas. <span class=\"_ _15\"></span>El Gru<span class=\"_ _6\"></span>po E<span class=\"_ _6\"></span>NCE con<span class=\"_ _6\"></span>sidera que <span class=\"_ _6\"></span>mantiene <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ociedad <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>pos<span class=\"_ _6\"></span>ee d<span class=\"_ _6\"></span>erechos su<span class=\"_ _6\"></span>stantivos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>vigor <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>proporcionan<span class=\"_ _6\"></span> la capacid<span class=\"_ _6\"></span>ad d<span class=\"_ _6\"></span>e dirigir las<span class=\"_ _6\"></span> actividad<span class=\"_ _6\"></span>es relevantes <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>est\u00e1 expuesto,<span class=\"_ _6\"></span> o <span class=\"_ _6\"></span>tiene derecho, <span class=\"_ _6\"></span>a rend<span class=\"_ _6\"></span>im<span class=\"_ _6\"></span>ientos<span class=\"_ _6\"></span> variab<span class=\"_ _6\"></span>les procedentes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>implicaci\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>sociedad <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>tiene <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>capacidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>influir <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>esos <span class=\"_ _6\"></span>rend<span class=\"_ _6\"></span>imientos <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>trav\u00e9s de su pod<span class=\"_ _6\"></span>er sobre esta<span class=\"_ _6\"></span><span class=\"ff6\">. Estas sociedades se han<span class=\"_ _6\"></span> consolidado por el m\u00e9todo d<span class=\"_ _6\"></span>e \u201cIntegraci\u00f3n Glob<span class=\"_ _6\"></span>al\u201d.<span class=\"_ _6\"></span></span> Los <span class=\"_ _15\"></span>ingreso<span class=\"_ _6\"></span>s, <span class=\"_ _15\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>flujos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>efectivo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>dependientes <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"></span>anuales consolidadas <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>aquella, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>obtiene <span class=\"_ _10\"></span>efectiv<span class=\"_ _6\"></span>amente <span class=\"_ _10\"></span>el control de las mis<span class=\"_ _6\"></span>mas. Las entid<span class=\"_ _6\"></span>ades dependie<span class=\"_ _6\"></span>ntes s<span class=\"_ _6\"></span>e excluyen de la con<span class=\"_ _6\"></span>solidaci\u00f3n d<span class=\"_ _6\"></span>esde la fecha en la<span class=\"_ _6\"></span> que se pierde el control so<span class=\"_ _6\"></span>bre ellas.<span class=\"_ _6\"></span> Las <span class=\"_ _0\"></span>participacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>dominantes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>mo<span class=\"_ _6\"></span>mento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>equivalent<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _15\"></span>proporcional <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>netos <span class=\"_ _15\"></span>identificables <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>cidos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>toma <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>contro<span class=\"_ _6\"></span>l. Las <span class=\"_ _11\"></span>participaciones <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>dominantes <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>patrimonio <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>resultados <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _0\"></span>dependientes integradas globalmente s<span class=\"_ _6\"></span>e presentan<span class=\"_ _6\"></span> bajo la d<span class=\"_ _6\"></span>enominaci\u00f3n de \u201cIntereses<span class=\"_ _6\"></span> minoritarios<span class=\"_ _6\"></span>\u201d, dentro del cap<span class=\"_ _6\"></span>\u00edtulo \u201cPatrimonio <span class=\"_ _11\"></span>Neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3n <span class=\"_ _11\"></span>Financiera <span class=\"_ _0\"></span>consolidado, <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>cap\u00edtulo <span class=\"_ _0\"></span>\u201c<span class=\"_ _15\"></span><span class=\"ff4\">Resultado<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>atribuid<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a </span>intereses minoritarios\u201d d<span class=\"_ _6\"></span>el Estado<span class=\"_ _6\"></span> de Resultado con<span class=\"_ _6\"></span>solidado.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span><span class=\"ff4\"> </span>Los cambio<span class=\"_ _6\"></span>s en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>participaci\u00f3<span class=\"_ _6\"></span>n de <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>sociedad <span class=\"_ _6\"></span>dependiente <span class=\"_ _6\"></span>que no <span class=\"_ _6\"></span>dan <span class=\"_ _6\"></span>lugar <span class=\"_ _6\"></span>a u<span class=\"_ _6\"></span>na p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _6\"></span>de con<span class=\"_ _6\"></span>trol se contabilizan <span class=\"_ _11\"> </span>como <span class=\"_ _11\"></span>transacciones <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>atrimonio, <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ecir, <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"></span>cualquier <span class=\"_ _0\"></span>resu<span class=\"_ _6\"></span>ltado <span class=\"_ _11\"></span>obtenido <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>recono<span class=\"_ _6\"></span>ce directamente en el patrimoni<span class=\"_ _6\"></span>o. <span class=\"_ _6\"></span> Cuando <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roduce <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>contro<span class=\"_ _6\"></span>l <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>una <span class=\"_ _0\"></span>empresa <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>lugar <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>baja <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>y pasivos, <span class=\"_ _11\"> </span>as\u00ed <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>otros <span class=\"_ _11\"> </span>componentes<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>patrimonio <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>cualquier <span class=\"_ _11\"></span>participaci\u00f3n <span class=\"_ _11\"> </span>no <span class=\"_ _11\"></span>dominante <span class=\"_ _11\"></span>que pudiera existir. <span class=\"_ _1\"></span>Las plu<span class=\"_ _1\"></span>sval\u00edas o <span class=\"_ _e\"></span>minus<span class=\"_ _6\"></span>val\u00edas resultantes se <span class=\"_ _1\"></span>reconocen <span class=\"_ _1\"></span>en e<span class=\"_ _1\"></span>l Estado <span class=\"_ _1\"></span>de Re<span class=\"_ _1\"></span>sultado consolidado. Las <span class=\"_ _15\"></span>participaciones<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>mantengan<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>filiales <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ubiera <span class=\"_ _15\"></span>perdido <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>trol <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>valoran por <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la fecha <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>circunstancia <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ubiera <span class=\"_ _6\"></span>tenido <span class=\"_ _6\"></span>lugar, s<span class=\"_ _6\"></span>iendo<span class=\"_ _15\"></span> <span class=\"_ _6\"></span>\u00e9ste <span class=\"_ _6\"></span>el valo<span class=\"_ _6\"></span>r de coste a efectos de su<span class=\"_ _6\"></span> valoraci\u00f3n p<span class=\"_ _6\"></span>osterior.<span class=\"_ _33\"> </span>3.19<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Transaccion<span class=\"_ _1\"></span>es con partes vinculad<span class=\"_ _1\"></span>as </span></span>El Grupo realiza tod<span class=\"_ _6\"></span>as sus op<span class=\"_ _6\"></span>eraciones con partes vin<span class=\"_ _6\"></span>culadas a valores<span class=\"_ _6\"></span> de mercado.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-574": {
   "value": "Sociedades dependien<span class=\"_ _6\"></span>tes Se <span class=\"_ _12\"> </span>cons<span class=\"_ _6\"></span>ideran  sociedades <span class=\"_ _12\"> </span>dependientes  aquellas <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>obre  la<span class=\"_ _e\"></span>s<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>NCE, <span class=\"_ _12\"> </span>directa  o <span class=\"_ _12\"> </span>indirectamente,  ejerce control. <span class=\"_ _e\"></span>Dicho<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>contro<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>manifiesta, <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>general aunque <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>\u00fa<span class=\"_ _6\"></span>nicamente, <span class=\"_ _e\"></span>por la <span class=\"_ _a\"></span>pro<span class=\"_ _6\"></span>piedad, directa <span class=\"_ _a\"></span>o indirecta, de al <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>50% o <span class=\"_ _6\"></span>m\u00e1s<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> derechos <span class=\"_ _6\"></span>pol\u00edt<span class=\"_ _6\"></span>icos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>entid<span class=\"_ _6\"></span>ades p<span class=\"_ _6\"></span>articipadas. <span class=\"_ _15\"></span>El Gru<span class=\"_ _6\"></span>po E<span class=\"_ _6\"></span>NCE con<span class=\"_ _6\"></span>sidera que <span class=\"_ _6\"></span>mantiene <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ociedad <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>pos<span class=\"_ _6\"></span>ee d<span class=\"_ _6\"></span>erechos su<span class=\"_ _6\"></span>stantivos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>vigor <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>proporcionan<span class=\"_ _6\"></span> la capacid<span class=\"_ _6\"></span>ad d<span class=\"_ _6\"></span>e dirigir las<span class=\"_ _6\"></span> actividad<span class=\"_ _6\"></span>es relevantes <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>est\u00e1 expuesto,<span class=\"_ _6\"></span> o <span class=\"_ _6\"></span>tiene derecho, <span class=\"_ _6\"></span>a rend<span class=\"_ _6\"></span>im<span class=\"_ _6\"></span>ientos<span class=\"_ _6\"></span> variab<span class=\"_ _6\"></span>les procedentes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>implicaci\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>sociedad <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>tiene <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>capacidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>influir <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>esos <span class=\"_ _6\"></span>rend<span class=\"_ _6\"></span>imientos <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>trav\u00e9s de su pod<span class=\"_ _6\"></span>er sobre esta<span class=\"_ _6\"></span><span class=\"ff6\">. Estas sociedades se han<span class=\"_ _6\"></span> consolidado por el m\u00e9todo d<span class=\"_ _6\"></span>e \u201cIntegraci\u00f3n Glob<span class=\"_ _6\"></span>al\u201d.<span class=\"_ _6\"></span></span> Los <span class=\"_ _15\"></span>ingreso<span class=\"_ _6\"></span>s, <span class=\"_ _15\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>flujos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>efectivo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>dependientes <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"></span>anuales consolidadas <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>aquella, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>obtiene <span class=\"_ _10\"></span>efectiv<span class=\"_ _6\"></span>amente <span class=\"_ _10\"></span>el control de las mis<span class=\"_ _6\"></span>mas. Las entid<span class=\"_ _6\"></span>ades dependie<span class=\"_ _6\"></span>ntes s<span class=\"_ _6\"></span>e excluyen de la con<span class=\"_ _6\"></span>solidaci\u00f3n d<span class=\"_ _6\"></span>esde la fecha en la<span class=\"_ _6\"></span> que se pierde el control so<span class=\"_ _6\"></span>bre ellas.<span class=\"_ _6\"></span> Las <span class=\"_ _0\"></span>participacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>dominantes <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>mo<span class=\"_ _6\"></span>mento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>equivalent<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _15\"></span>proporcional <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>netos <span class=\"_ _15\"></span>identificables <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>cidos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>toma <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>contro<span class=\"_ _6\"></span>l. Las <span class=\"_ _11\"></span>participaciones <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>dominantes <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>patrimonio <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>resultados <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _0\"></span>dependientes integradas globalmente s<span class=\"_ _6\"></span>e presentan<span class=\"_ _6\"></span> bajo la d<span class=\"_ _6\"></span>enominaci\u00f3n de \u201cIntereses<span class=\"_ _6\"></span> minoritarios<span class=\"_ _6\"></span>\u201d, dentro del cap<span class=\"_ _6\"></span>\u00edtulo \u201cPatrimonio <span class=\"_ _11\"></span>Neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3n <span class=\"_ _11\"></span>Financiera <span class=\"_ _0\"></span>consolidado, <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>cap\u00edtulo <span class=\"_ _0\"></span>\u201c<span class=\"_ _15\"></span><span class=\"ff4\">Resultado<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>atribuid<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a </span>intereses minoritarios\u201d d<span class=\"_ _6\"></span>el Estado<span class=\"_ _6\"></span> de Resultado con<span class=\"_ _6\"></span>solidado.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span><span class=\"ff4\"> </span>Los cambio<span class=\"_ _6\"></span>s en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>participaci\u00f3<span class=\"_ _6\"></span>n de <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>sociedad <span class=\"_ _6\"></span>dependiente <span class=\"_ _6\"></span>que no <span class=\"_ _6\"></span>dan <span class=\"_ _6\"></span>lugar <span class=\"_ _6\"></span>a u<span class=\"_ _6\"></span>na p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _6\"></span>de con<span class=\"_ _6\"></span>trol se contabilizan <span class=\"_ _11\"> </span>como <span class=\"_ _11\"></span>transacciones <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>atrimonio, <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ecir, <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"></span>cualquier <span class=\"_ _0\"></span>resu<span class=\"_ _6\"></span>ltado <span class=\"_ _11\"></span>obtenido <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>recono<span class=\"_ _6\"></span>ce directamente en el patrimoni<span class=\"_ _6\"></span>o. <span class=\"_ _6\"></span> Cuando <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roduce <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>contro<span class=\"_ _6\"></span>l <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>una <span class=\"_ _0\"></span>empresa <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>lugar <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>baja <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>y pasivos, <span class=\"_ _11\"> </span>as\u00ed <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>otros <span class=\"_ _11\"> </span>componentes<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>patrimonio <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>cualquier <span class=\"_ _11\"></span>participaci\u00f3n <span class=\"_ _11\"> </span>no <span class=\"_ _11\"></span>dominante <span class=\"_ _11\"></span>que pudiera existir. <span class=\"_ _1\"></span>Las plu<span class=\"_ _1\"></span>sval\u00edas o <span class=\"_ _e\"></span>minus<span class=\"_ _6\"></span>val\u00edas resultantes se <span class=\"_ _1\"></span>reconocen <span class=\"_ _1\"></span>en e<span class=\"_ _1\"></span>l Estado <span class=\"_ _1\"></span>de Re<span class=\"_ _1\"></span>sultado consolidado. Las <span class=\"_ _15\"></span>participaciones<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>mantengan<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>filiales <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ubiera <span class=\"_ _15\"></span>perdido <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>trol <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>valoran por <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la fecha <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>circunstancia <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ubiera <span class=\"_ _6\"></span>tenido <span class=\"_ _6\"></span>lugar, s<span class=\"_ _6\"></span>iendo<span class=\"_ _15\"></span> <span class=\"_ _6\"></span>\u00e9ste <span class=\"_ _6\"></span>el valo<span class=\"_ _6\"></span>r de coste a efectos de su<span class=\"_ _6\"></span> valoraci\u00f3n p<span class=\"_ _6\"></span>osterior.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "Operaciones conjuntas<span class=\"_ _6\"></span> En aquellos casos en lo<span class=\"_ _1\"></span>s que s<span class=\"_ _1\"></span>e gestiona con terceros una <span class=\"_ _1\"></span>operaci\u00f3n conjunta, y se <span class=\"_ _1\"></span>concluye que el <span class=\"_ _1\"></span>part\u00edcipe tiene <span class=\"_ _10\"></span>derechos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>obligaciones<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>directas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>su <span class=\"_ _0\"></span>parte <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roporcional <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>pas<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>acuerdo, <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _33\"> </span>reconoce <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>las <span class=\"_ _11\"></span>cuentas <span class=\"_ _11\"></span>anuales <span class=\"_ _11\"></span>consolida<span class=\"_ _6\"></span>das <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>activos, <span class=\"_ _11\"></span>pasivos, <span class=\"_ _11\"></span>ingresos <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>acuerdo <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>su participaci\u00f3n <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>operaci\u00f3n <span class=\"_ _6\"></span>conju<span class=\"_ _6\"></span>nta. <span class=\"_ _6\"></span>Las <span class=\"_ _6\"></span>sociedades <span class=\"_ _6\"></span>integradas <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>este m\u00e9todo <span class=\"_ _6\"></span>se in<span class=\"_ _6\"></span>cluyen <span class=\"_ _6\"></span>en el<span class=\"_ _6\"></span> Anexo<span class=\"_ _6\"></span> I.<span class=\"_ _33\"> </span>Inversiones registradas po<span class=\"_ _6\"></span>r el m\u00e9todo d<span class=\"_ _6\"></span>e la participaci\u00f3n <span class=\"_ _6\"></span> Las <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>versiones <span class=\"_ _1\"></span>registradas <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _e\"></span>de la <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>articipaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>incluyen las <span class=\"_ _e\"></span>inversiones <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>empresas<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>ociadas, as\u00ed como en negocios co<span class=\"_ _6\"></span>njuntos<span class=\"_ _6\"></span> (acuerdos conju<span class=\"_ _6\"></span>ntos que dan derecho a<span class=\"_ _6\"></span> los activos<span class=\"_ _6\"></span> netos del acuerdo).<span class=\"_ _15\"></span> Se <span class=\"_ _1\"></span>consideran asociadas aquellas sociedades sobre las <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e ENCE, <span class=\"_ _1\"></span>directa o <span class=\"_ _e\"></span>ind<span class=\"_ _6\"></span>irectamente, ejerce inf<span class=\"_ _1\"></span>luencia<span class=\"_ _6\"></span> significativa. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>influencia <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ignificativa es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>oder <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>intervenir en <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>decisiones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pol\u00edtica <span class=\"_ _6\"></span>financiera <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de explotaci\u00f3n d<span class=\"_ _6\"></span>e una <span class=\"_ _6\"></span>entidad,<span class=\"_ _6\"></span> sin <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue sup<span class=\"_ _6\"></span>onga la <span class=\"_ _6\"></span>existencia de con<span class=\"_ _6\"></span>trol o<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>conjunto s<span class=\"_ _6\"></span>obre la <span class=\"_ _6\"></span>misma. Generalmente v<span class=\"_ _6\"></span>iene acompa<span class=\"_ _6\"></span>\u00f1ado <span class=\"_ _6\"></span>por una <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _6\"></span>de entre un<span class=\"_ _6\"></span> 20% y<span class=\"_ _6\"></span> un <span class=\"_ _6\"></span>50% de los <span class=\"_ _6\"></span>derechos <span class=\"_ _6\"></span>de vo<span class=\"_ _6\"></span>to<span class=\"_ _6\"></span> de la entidad. Las <span class=\"_ _15\"></span>inversiones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>asociadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>inversiones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>negocios <span class=\"_ _15\"></span>conju<span class=\"_ _6\"></span>ntos <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>m\u00e9todo de la <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _6\"></span>desde <span class=\"_ _6\"></span>la fecha en <span class=\"_ _6\"></span>la q<span class=\"_ _6\"></span>ue se ejerce in<span class=\"_ _6\"></span>fluencia <span class=\"_ _6\"></span>significativa, <span class=\"_ _6\"></span>o bien, <span class=\"_ _6\"></span>el control <span class=\"_ _6\"></span>conjun<span class=\"_ _6\"></span>to. En este sentido, esta<span class=\"_ _6\"></span>s inversiones s<span class=\"_ _6\"></span>e reconocen inicialm<span class=\"_ _6\"></span>ente por su co<span class=\"_ _6\"></span>ste de adquisici\u00f3n.<span class=\"_ _6\"></span> El <span class=\"_ _6\"></span>exceso <span class=\"_ _15\"></span>entre <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>inversi\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>porcentaje <span class=\"_ _6\"></span>corres<span class=\"_ _6\"></span>pondiente <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>valores <span class=\"_ _15\"></span>razonables de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>netos <span class=\"_ _15\"></span>identificables <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>registra <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>fondo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio, <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incluye <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>contable de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n. <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _0\"></span>defecto, <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>vez <span class=\"_ _0\"></span>eva<span class=\"_ _6\"></span>luad<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>importes <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>identificaci\u00f3n <span class=\"_ _0\"></span>y valoraci\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>activos <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>etos <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>asociad<span class=\"_ _6\"></span>a, <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>registra <span class=\"_ _12\"> </span>como <span class=\"_ _1a\"> </span>un <span class=\"_ _12\"> </span>ingreso <span class=\"_ _12\"> </span>en  la <span class=\"_ _11\"> </span>determinaci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la participaci\u00f3n del inv<span class=\"_ _6\"></span>ersor en los resu<span class=\"_ _6\"></span>ltados de la aso<span class=\"_ _6\"></span>ciada del ejercicio en que se ha<span class=\"_ _15\"></span> adquirido.<span class=\"_ _6\"></span> La particip<span class=\"_ _6\"></span>aci\u00f3n d<span class=\"_ _6\"></span>el Grupo en los<span class=\"_ _6\"></span> beneficios <span class=\"_ _6\"></span>o p<span class=\"_ _6\"></span>\u00e9rdidas de <span class=\"_ _6\"></span>las entidad<span class=\"_ _6\"></span>es asociadas <span class=\"_ _6\"></span>obtenidas <span class=\"_ _6\"></span>desde <span class=\"_ _6\"></span>la fecha de adquisici\u00f3n se registra como un aumento o disminuci\u00f3n del valor de <span class=\"_ _1\"></span>las inversiones con abono o cargo al ep\u00edgrafe <span class=\"_ _10\"></span>\"Resultado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>sociedades <span class=\"_ _10\"></span>integrad<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>participaci\u00f3n\" <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resultado consolidado<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Las <span class=\"_ _15\"></span>distribuciones <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>dividendos <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>minoracion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>inversiones. Asimismo, se ajusta el valor de la inversi\u00f3n para reflejar la proporci\u00f3n de aquellos c<span class=\"_ _6\"></span>ambios<span class=\"_ _6\"></span> en el <span class=\"_ _1\"></span>patrimonio<span class=\"_ _6\"></span> neto de estas s<span class=\"_ _6\"></span>ociedades que no s<span class=\"_ _6\"></span>e han reconocido en s<span class=\"_ _6\"></span>us resultados.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "2.5<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Cambios en esti<span class=\"_ _1\"></span>maciones y po<span class=\"_ _1\"></span>l\u00edticas conta<span class=\"_ _1\"></span>bles y corre<span class=\"_ _1\"></span>cci\u00f3n de </span>errores fundamenta<span class=\"_ _1\"></span>les El <span class=\"_ _11\"></span>efecto <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>cualquier <span class=\"_ _0\"></span>cambi<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>estimaciones <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>tables <span class=\"_ _0\"></span>se <span class=\"_ _11\"> </span>registra <span class=\"_ _11\"></span>prospectivamente, <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span>mismo apartado <span class=\"_ _11\"></span>del <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>Resultado <span class=\"_ _0\"></span>consolidado <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>encuentra <span class=\"_ _11\"></span>registrado <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>gasto <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>ingreso <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>la estimaci\u00f3n anterior. <span class=\"_ _6\"></span> Por <span class=\"_ _11\"></span>su <span class=\"_ _11\"></span>parte, <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>cambios <span class=\"_ _0\"></span>en <span class=\"_ _11\"> </span>pol\u00edticas <span class=\"_ _11\"></span>contables <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>correcci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>errores <span class=\"_ _11\"></span>fundamentales <span class=\"_ _11\"> </span>se <span class=\"_ _11\"></span>registran <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el siguiente modo <span class=\"_ _1\"></span>siempre que <span class=\"_ _1\"></span>su impacto <span class=\"_ _1\"></span>sea significativo; <span class=\"_ _1\"></span>el efecto <span class=\"_ _e\"></span>acu<span class=\"_ _6\"></span>mulado al <span class=\"_ _1\"></span>inicio del <span class=\"_ _1\"></span>ejercicio se <span class=\"_ _1\"></span>ajusta en <span class=\"_ _6\"></span>el ep\u00edgrafe <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>reservas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>efecto del <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>pi<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>ejercicio s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>registra <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Estado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Resultado <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>solidado del ejercicio. En estos casos se re-expresan los datos financieros del ejercicio comparativo<span class=\"_ _6\"></span> presentado junto al ejercicio en curso.<span class=\"_ _6\"></span> Al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>dicie<span class=\"_ _6\"></span>mbre <span class=\"_ _e\"></span>de 2024 <span class=\"_ _a\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>2023 no <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>han producido <span class=\"_ _e\"></span>cambios significativos <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>po<span class=\"_ _6\"></span>l\u00edticas <span class=\"_ _e\"></span>conta<span class=\"_ _6\"></span>bles, <span class=\"_ _e\"></span>excepto<span class=\"_ _6\"></span> por los efectos de lo <span class=\"_ _1\"></span>indicado en la <span class=\"_ _1\"></span>nota 2.6 siguiente, ni ha <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ido necesario efectuar correcciones de e<span class=\"_ _1\"></span>rrores<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gs4\"><div class=\"t_1 m0_1 x71 h46 y27a ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">2.6<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Normas e interpreta<span class=\"_ _1\"></span>ciones efectivas en e<span class=\"_ _e\"></span>l presente per\u00edodo  </span></div><div class=\"t_1 m0_1 x71 h8 y27b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las pol\u00edticas co<span class=\"_ _6\"></span>ntables utiliza<span class=\"_ _6\"></span>das en la p<span class=\"_ _6\"></span>reparaci\u00f3n de<span class=\"_ _6\"></span> estas <span class=\"_ _6\"></span>Cuentas anu<span class=\"_ _6\"></span>ales consolida<span class=\"_ _6\"></span>das coinciden con <span class=\"_ _6\"></span>las </div><div class=\"t_1 m0_1 x71 h8 y27c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">utilizadas <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>ejercicio <span class=\"_ _11\"> </span>an<span class=\"_ _6\"></span>ual <span class=\"_ _11\"> </span>termin<span class=\"_ _6\"></span>ado <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>31 <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>diciembre <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>20<span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>3, <span class=\"_ _11\"> </span>ex<span class=\"_ _6\"></span>cepto <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>aplicaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>las </div><div class=\"t_1 m0_1 x71 h8 y27d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">siguientes normas <span class=\"_ _e\"></span>emitidas<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>por e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>IASB <span class=\"_ _1\"></span>(Internation<span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>Accountin<span class=\"_ _6\"></span>g <span class=\"_ _e\"></span>Sta<span class=\"_ _6\"></span>ndards Board) <span class=\"_ _e\"></span>y adoptadas por <span class=\"_ _e\"></span>la U<span class=\"_ _1\"></span>ni\u00f3n </div><div class=\"t_1 m0_1 x71 h8 y27e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Europea para <span class=\"_ _6\"></span>su aplicaci\u00f3n en E<span class=\"_ _6\"></span>uropa a partir del 1 d<span class=\"_ _6\"></span>e enero de 202<span class=\"_ _6\"></span>4: </div></div><div class=\"c_1 w2c h45 gs5\"><div class=\"t_1 m0_1 xa h8 y60 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Norma </div></div><div class=\"c_1 w2d h45 gs6\"><div class=\"t_1 m0_1 x76 h8 y60 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contenido </div></div><div class=\"c_1 w2c h4b gs7\"><div class=\"t_1 m0_1 x70 h9 y283 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaciones y/o interp<span class=\"_ _6\"></span>retaciones </div><div class=\"t_1 m0_1 x70 h9 y284 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">aplicables a partir del 1 de<span class=\"_ _6\"></span> enero d<span class=\"_ _6\"></span>e 2024<span class=\"_ _6\"></span>-<span class=\"ff4\"> </span></div></div><div class=\"c_1 w2c h4c gs8\"><div class=\"t_1 m0_1 x70 h8 y286 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIC 1. <span class=\"_ _6\"></span>Clasificaci\u00f3n de p<span class=\"_ _6\"></span>asivos </div><div class=\"t_1 m0_1 x70 h8 y287 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">como corrientes y<span class=\"_ _6\"></span> no corrientes y<span class=\"_ _6\"></span>, de pasivos </div><div class=\"t_1 m0_1 x70 h8 y288 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sujetos a co<span class=\"_ _6\"></span>venants.  </div><div class=\"t_1 m0_1 x70 h8 y289 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIIF <span class=\"_ _6\"></span>16. Pasivo po<span class=\"_ _6\"></span>r </div><div class=\"t_1 m0_1 x70 h8 y28a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">arrendamiento en una <span class=\"_ _6\"></span>venta con </div><div class=\"t_1 m0_1 x70 h8 y28b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">arrendamiento posterior<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x70 h8 y28c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIC 7 y<span class=\"_ _6\"></span> NIIF 7. Acuerdos<span class=\"_ _6\"></span> de </div><div class=\"t_1 m0_1 x70 h8 y28d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financiaci\u00f3n con p<span class=\"_ _6\"></span>roveedores </div><div class=\"t_1 m0_1 x70 h8 y1df ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div><div class=\"c_1 w2d h4c gs9\"><div class=\"t_1 m0_1 x70 h8 y286 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Clarificaciones <span class=\"_ _10\"></span>resp<span class=\"_ _6\"></span>ecto <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>presentaci\u00f3n <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>corrientes <span class=\"_ _10\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>corrientes </div><div class=\"t_1 m0_1 x70 h8 y287 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>asivos <span class=\"_ _12\"> </span>y, <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>particu<span class=\"_ _6\"></span>lar <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>aquellos <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>v<span class=\"_ _6\"></span>encimiento <span class=\"_ _12\"> </span>cond<span class=\"_ _6\"></span>icionado <span class=\"_ _12\"> </span>al </div><div class=\"t_1 m0_1 x70 h8 y288 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cumplimiento de covenan<span class=\"_ _6\"></span>ts.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x70 h8 y289 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Esta <span class=\"_ _1b\"> </span>modificaci\u00f3n <span class=\"_ _1b\"> </span>aclara <span class=\"_ _1b\"> </span>la <span class=\"_ _1c\"> </span>contabilidad <span class=\"_ _1b\"> </span>posterior <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1b\"> </span>pasivos <span class=\"_ _1b\"> </span>por </div><div class=\"t_1 m0_1 x70 h8 y28a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">arrendamiento <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>surgen <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>transacciones <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>arrendamiento </div><div class=\"t_1 m0_1 x70 h8 y28b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">posterior. </div><div class=\"t_1 m0_1 x70 h8 y28c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Esta <span class=\"_ _1d\"> </span>modificaci\u00f3n <span class=\"_ _1d\"> </span>introduce <span class=\"_ _f\"> </span>requisitos<span class=\"_ _6\"></span> <span class=\"_ _1d\"> </span>de <span class=\"_ _f\"> </span>desglose <span class=\"_ _f\"> </span>de <span class=\"_ _1d\"> </span>informaci\u00f3n </div><div class=\"t_1 m0_1 x70 h8 y28d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">espec\u00edficos <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>acuerdos de <span class=\"_ _1\"></span>financiaci\u00f3n con <span class=\"_ _e\"></span>proveedor<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>sus efe<span class=\"_ _1\"></span>ctos en </div><div class=\"t_1 m0_1 x70 h8 y28e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">los <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivos <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>flujos <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>efectivo <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>empresa, incluyendo <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>riesgo de <span class=\"_ _a\"></span>liqu<span class=\"_ _6\"></span>idez </div><div class=\"t_1 m0_1 x70 h8 y28f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y gesti\u00f3n de los<span class=\"_ _6\"></span> riesgos asociad<span class=\"_ _6\"></span>os. </div></div><div class=\"c_1 w2c h4b gsa\"><div class=\"t_1 m0_1 x70 h9 y28e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaciones y/o interp<span class=\"_ _6\"></span>retaciones </div><div class=\"t_1 m0_1 x70 h9 y28f ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">aplicables a partir del 1 de<span class=\"_ _6\"></span> enero d<span class=\"_ _6\"></span>e 202<span class=\"_ _6\"></span>5-<span class=\"ff4\"> </span></div></div><div class=\"c_1 w2c h4d gsb\"><div class=\"t_1 m0_1 x70 h8 y291 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIC 21. Au<span class=\"_ _6\"></span>sencia de </div><div class=\"t_1 m0_1 x70 h8 y283 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">convertibilidad<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w2d h4d gsc\"><div class=\"t_1 m0_1 x70 h8 y291 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Esta modificaci\u00f3n esta<span class=\"_ _6\"></span>blece u<span class=\"_ _6\"></span>n enfoque que <span class=\"_ _6\"></span>especifica cua<span class=\"_ _6\"></span>ndo un<span class=\"_ _6\"></span>a moneda </div><div class=\"t_1 m0_1 x70 h8 y283 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">puede <span class=\"_ _15\"></span>ser <span class=\"_ _10\"></span>intercambiada <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>otra, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>cas<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>serlo, <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>determinac<span class=\"_ _6\"></span>i\u00f3n </div><div class=\"t_1 m0_1 x70 h8 y284 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del tipo de cambio a u<span class=\"_ _6\"></span>tilizar. </div></div><div class=\"c_1 w2_1 h3b gs4\"><div class=\"t_1 m0_1 x3f h8 y293 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h8 y294 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ninguna de <span class=\"_ _e\"></span>estas normas, <span class=\"_ _e\"></span>interpretacion<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>modificaciones ha <span class=\"_ _e\"></span>sido<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>aplicada a<span class=\"_ _1\"></span>nticipadamente. La <span class=\"_ _e\"></span>aplicaci\u00f3n </div><div class=\"t_1 m0_1 x71 h8 y295 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>no<span class=\"_ _6\"></span>rmas, <span class=\"_ _10\"></span>interpretaciones <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>modificaciones <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>tenid<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>impactos <span class=\"_ _10\"></span>significativos <span class=\"_ _10\"></span>en <span class=\"_ _11\"></span>estas <span class=\"_ _15\"></span>Cuentas </div><div class=\"t_1 m0_1 x71 h8 y296 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Anuales Consolida<span class=\"_ _6\"></span>das<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span></div><div class=\"t_1 m0_1 x71 h46 y297 ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">2.7<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Normas e interpreta<span class=\"_ _1\"></span>ciones emitida<span class=\"_ _1\"></span>s no vigentes  </span></div><div class=\"t_1 m0_1 x71 h8 y298 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A  la  fecha  de <span class=\"_ _12\"> </span>formulaci\u00f3n<span class=\"_ _6\"></span>  de  e<span class=\"_ _1\"></span>stas  cuentas  anuales  consolidadas,  las  normas  e  interpretaciones  m\u00e1s </div><div class=\"t_1 m0_1 x71 h8 y167 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">significativas <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e h<span class=\"_ _6\"></span>ab\u00edan <span class=\"_ _6\"></span>sido<span class=\"_ _6\"></span> pub<span class=\"_ _6\"></span>licadas <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>IASB, <span class=\"_ _6\"></span>pero <span class=\"_ _6\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>hab\u00edan <span class=\"_ _6\"></span>entrad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>a\u00fan <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>vigor, <span class=\"_ _6\"></span>bien <span class=\"_ _6\"></span>porq<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no </div><div class=\"t_1 m0_1 x71 h8 y299 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">han sido a\u00fan adoptadas por la Uni\u00f3n Europea, o bien, porqu<span class=\"_ _6\"></span>e su fecha de efectividad es posterior a la fecha </div><div class=\"t_1 m0_1 x71 h8 y29a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de formulaci\u00f3n, son<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>  </div></div>Norma Contenido Modificaciones y/o interp<span class=\"_ _6\"></span>retaciones aplicables a partir del 1 de<span class=\"_ _6\"></span> enero d<span class=\"_ _6\"></span>e 202<span class=\"_ _6\"></span>6- Modificaci\u00f3n a la NIIF <span class=\"_ _6\"></span>7 y NIIF 9. <span class=\"_ _6\"></span>Clasificaci\u00f3n y Valoraci\u00f3n de in<span class=\"_ _6\"></span>strumentos financieros.<span class=\"_ _15\"></span> Esta <span class=\"_ _11\"> </span>modificaci\u00f3n <span class=\"_ _11\"></span>aclara <span class=\"_ _0\"></span>los <span class=\"_ _11\"> </span>criterios <span class=\"_ _11\"> </span>para <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>clasificaci\u00f3n <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ciertos<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>activos financieros, <span class=\"_ _1c\"> </span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _1c\"> </span>como, <span class=\"_ _1b\"> </span>los <span class=\"_ _1c\"> </span>criterios <span class=\"_ _1c\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _1c\"> </span>la <span class=\"_ _1b\"> </span>baja <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _1c\"> </span>financieros liquidados <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>trav\u00e9s <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>sistemas <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>pago <span class=\"_ _19\"> </span>electr\u00f3nico.<span class=\"_ _6\"></span> <span class=\"_ _19\"> </span>Adicionalmente, introduce requerimientos<span class=\"_ _6\"></span> de desglo<span class=\"_ _6\"></span>se adicionales<span class=\"_ _6\"></span>. Nuevas Normas<span class=\"_ _6\"></span>-<span class=\"ff4\"> </span>NIIF 18 Presentaci\u00f3n y<span class=\"_ _6\"></span> desgloses d<span class=\"_ _6\"></span>e estados financieros.<span class=\"_ _6\"></span><span class=\"ff3\"> </span>El <span class=\"_ _6\"></span>objetivo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>norma <span class=\"_ _6\"></span>es es<span class=\"_ _6\"></span>tablecer <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>requerimientos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pres<span class=\"_ _6\"></span>entaci\u00f3n y desglose <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1c\"> </span>estados <span class=\"_ _1c\"> </span>financieros,<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>reemplazando <span class=\"_ _1c\"> </span>con <span class=\"_ _1c\"> </span>ello <span class=\"_ _1c\"> </span>a <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>NIC1, actualmente en vigor.<span class=\"_ _6\"></span> NIIF 19 Desgloses de s<span class=\"_ _6\"></span>ubsidiarias s<span class=\"_ _6\"></span>in contabilidad p<span class=\"_ _6\"></span>\u00fablica. El <span class=\"_ _6\"></span>objetivo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>ueva <span class=\"_ _6\"></span>norma <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>detallar <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>des<span class=\"_ _6\"></span>gloses <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>subsidiaria puede aplicar, opcion<span class=\"_ _6\"></span>almente, en la emisi\u00f3n d<span class=\"_ _6\"></span>e sus <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span>dos financieros. No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>esperan <span class=\"_ _0\"></span>impactos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>significativos <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>introducci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estas <span class=\"_ _0\"></span>modificacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>ser <span class=\"_ _0\"></span>aplicacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>de car\u00e1cter <span class=\"_ _11\"></span>prospectivo, <span class=\"_ _11\"></span>modificaciones <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>esglose <span class=\"_ _11\"></span>y/o <span class=\"_ _0\"></span>tra<span class=\"_ _6\"></span>tar <span class=\"_ _11\"></span>aspectos <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>aplicab<span class=\"_ _6\"></span>les <span class=\"_ _11\"></span>o <span class=\"_ _0\"></span>no<span class=\"_ _6\"></span> significativos <span class=\"_ _6\"></span>a las<span class=\"_ _6\"></span> operacion<span class=\"_ _6\"></span>es del <span class=\"_ _6\"></span>Grupo.<span class=\"_ _6\"></span> Si <span class=\"_ _6\"></span>bien <span class=\"_ _6\"></span>la Soci<span class=\"_ _6\"></span>edad<span class=\"_ _6\"></span> est\u00e1 <span class=\"_ _6\"></span>revisand<span class=\"_ _6\"></span>o los <span class=\"_ _6\"></span>impactos q<span class=\"_ _6\"></span>ue la <span class=\"_ _6\"></span>aplicaci\u00f3n tendr\u00eda sobre la in<span class=\"_ _6\"></span>formaci\u00f3n financiera, b\u00e1s<span class=\"_ _6\"></span>icamente por las modificaciones es<span class=\"_ _6\"></span>tablecidas en la N<span class=\"_ _6\"></span>IIF 18 en la clasificaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>partidas <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>estado <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e resu<span class=\"_ _6\"></span>ltados <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>tinguiendo <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>act<span class=\"_ _6\"></span>ividades <span class=\"_ _6\"></span>operat<span class=\"_ _15\"></span>iv<span class=\"_ _6\"></span>as, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>inversi\u00f3n y de financiaci\u00f3n<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "Al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>dicie<span class=\"_ _6\"></span>mbre <span class=\"_ _e\"></span>de 2024 <span class=\"_ _a\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>2023 no <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>han producido <span class=\"_ _e\"></span>cambios significativos <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>po<span class=\"_ _6\"></span>l\u00edticas <span class=\"_ _e\"></span>conta<span class=\"_ _6\"></span>bles, <span class=\"_ _e\"></span>excepto<span class=\"_ _6\"></span> por los efectos de lo <span class=\"_ _1\"></span>indicado en la <span class=\"_ _1\"></span>nota 2.6 siguiente, ni ha <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ido necesario efectuar correcciones de e<span class=\"_ _1\"></span>rrores<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "2.6<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Normas e interpreta<span class=\"_ _1\"></span>ciones efectivas en e<span class=\"_ _e\"></span>l presente per\u00edodo  </span>Las pol\u00edticas co<span class=\"_ _6\"></span>ntables utiliza<span class=\"_ _6\"></span>das en la p<span class=\"_ _6\"></span>reparaci\u00f3n de<span class=\"_ _6\"></span> estas <span class=\"_ _6\"></span>Cuentas anu<span class=\"_ _6\"></span>ales consolida<span class=\"_ _6\"></span>das coinciden con <span class=\"_ _6\"></span>las utilizadas <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>ejercicio <span class=\"_ _11\"> </span>an<span class=\"_ _6\"></span>ual <span class=\"_ _11\"> </span>termin<span class=\"_ _6\"></span>ado <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>31 <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>diciembre <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>20<span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>3, <span class=\"_ _11\"> </span>ex<span class=\"_ _6\"></span>cepto <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>aplicaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>las siguientes normas <span class=\"_ _e\"></span>emitidas<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>por e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>IASB <span class=\"_ _1\"></span>(Internation<span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>Accountin<span class=\"_ _6\"></span>g <span class=\"_ _e\"></span>Sta<span class=\"_ _6\"></span>ndards Board) <span class=\"_ _e\"></span>y adoptadas por <span class=\"_ _e\"></span>la U<span class=\"_ _1\"></span>ni\u00f3n Europea para <span class=\"_ _6\"></span>su aplicaci\u00f3n en E<span class=\"_ _6\"></span>uropa a partir del 1 d<span class=\"_ _6\"></span>e enero de 202<span class=\"_ _6\"></span>4: Norma Contenido Modificaciones y/o interp<span class=\"_ _6\"></span>retaciones aplicables a partir del 1 de<span class=\"_ _6\"></span> enero d<span class=\"_ _6\"></span>e 2024<span class=\"_ _6\"></span>-<span class=\"ff4\"> </span>Modificaci\u00f3n a la NIC 1. <span class=\"_ _6\"></span>Clasificaci\u00f3n de p<span class=\"_ _6\"></span>asivos como corrientes y<span class=\"_ _6\"></span> no corrientes y<span class=\"_ _6\"></span>, de pasivos sujetos a co<span class=\"_ _6\"></span>venants.  Modificaci\u00f3n a la NIIF <span class=\"_ _6\"></span>16. Pasivo po<span class=\"_ _6\"></span>r arrendamiento en una <span class=\"_ _6\"></span>venta con arrendamiento posterior<span class=\"_ _6\"></span> Modificaci\u00f3n a la NIC 7 y<span class=\"_ _6\"></span> NIIF 7. Acuerdos<span class=\"_ _6\"></span> de financiaci\u00f3n con p<span class=\"_ _6\"></span>roveedores Clarificaciones <span class=\"_ _10\"></span>resp<span class=\"_ _6\"></span>ecto <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>presentaci\u00f3n <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>corrientes <span class=\"_ _10\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>corrientes de <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>asivos <span class=\"_ _12\"> </span>y, <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>particu<span class=\"_ _6\"></span>lar <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>aquellos <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>v<span class=\"_ _6\"></span>encimiento <span class=\"_ _12\"> </span>cond<span class=\"_ _6\"></span>icionado <span class=\"_ _12\"> </span>al cumplimiento de covenan<span class=\"_ _6\"></span>ts.<span class=\"_ _6\"></span> Esta <span class=\"_ _1b\"> </span>modificaci\u00f3n <span class=\"_ _1b\"> </span>aclara <span class=\"_ _1b\"> </span>la <span class=\"_ _1c\"> </span>contabilidad <span class=\"_ _1b\"> </span>posterior <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1b\"> </span>pasivos <span class=\"_ _1b\"> </span>por arrendamiento <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>surgen <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>transacciones <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>arrendamiento posterior. Esta <span class=\"_ _1d\"> </span>modificaci\u00f3n <span class=\"_ _1d\"> </span>introduce <span class=\"_ _f\"> </span>requisitos<span class=\"_ _6\"></span> <span class=\"_ _1d\"> </span>de <span class=\"_ _f\"> </span>desglose <span class=\"_ _f\"> </span>de <span class=\"_ _1d\"> </span>informaci\u00f3n espec\u00edficos <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>acuerdos de <span class=\"_ _1\"></span>financiaci\u00f3n con <span class=\"_ _e\"></span>proveedor<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>sus efe<span class=\"_ _1\"></span>ctos en los <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivos <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>flujos <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>efectivo <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>empresa, incluyendo <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>riesgo de <span class=\"_ _a\"></span>liqu<span class=\"_ _6\"></span>idez y gesti\u00f3n de los<span class=\"_ _6\"></span> riesgos asociad<span class=\"_ _6\"></span>os. Modificaciones y/o interp<span class=\"_ _6\"></span>retaciones aplicables a partir del 1 de<span class=\"_ _6\"></span> enero d<span class=\"_ _6\"></span>e 202<span class=\"_ _6\"></span>5-<span class=\"ff4\"> </span>Modificaci\u00f3n a la NIC 21. Au<span class=\"_ _6\"></span>sencia de convertibilidad<span class=\"_ _6\"></span> Esta modificaci\u00f3n esta<span class=\"_ _6\"></span>blece u<span class=\"_ _6\"></span>n enfoque que <span class=\"_ _6\"></span>especifica cua<span class=\"_ _6\"></span>ndo un<span class=\"_ _6\"></span>a moneda puede <span class=\"_ _15\"></span>ser <span class=\"_ _10\"></span>intercambiada <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>otra, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>cas<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>serlo, <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>determinac<span class=\"_ _6\"></span>i\u00f3n del tipo de cambio a u<span class=\"_ _6\"></span>tilizar. Ninguna de <span class=\"_ _e\"></span>estas normas, <span class=\"_ _e\"></span>interpretacion<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>modificaciones ha <span class=\"_ _e\"></span>sido<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>aplicada a<span class=\"_ _1\"></span>nticipadamente. La <span class=\"_ _e\"></span>aplicaci\u00f3n de <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>no<span class=\"_ _6\"></span>rmas, <span class=\"_ _10\"></span>interpretaciones <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>modificaciones <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>tenid<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>impactos <span class=\"_ _10\"></span>significativos <span class=\"_ _10\"></span>en <span class=\"_ _11\"></span>estas <span class=\"_ _15\"></span>Cuentas Anuales Consolida<span class=\"_ _6\"></span>das<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "2.7<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Normas e interpreta<span class=\"_ _1\"></span>ciones emitida<span class=\"_ _1\"></span>s no vigentes  </span>A  la  fecha  de <span class=\"_ _12\"> </span>formulaci\u00f3n<span class=\"_ _6\"></span>  de  e<span class=\"_ _1\"></span>stas  cuentas  anuales  consolidadas,  las  normas  e  interpretaciones  m\u00e1s significativas <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e h<span class=\"_ _6\"></span>ab\u00edan <span class=\"_ _6\"></span>sido<span class=\"_ _6\"></span> pub<span class=\"_ _6\"></span>licadas <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>IASB, <span class=\"_ _6\"></span>pero <span class=\"_ _6\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>hab\u00edan <span class=\"_ _6\"></span>entrad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>a\u00fan <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>vigor, <span class=\"_ _6\"></span>bien <span class=\"_ _6\"></span>porq<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no han sido a\u00fan adoptadas por la Uni\u00f3n Europea, o bien, porqu<span class=\"_ _6\"></span>e su fecha de efectividad es posterior a la fecha de formulaci\u00f3n, son<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>Norma Contenido Modificaciones y/o interp<span class=\"_ _6\"></span>retaciones aplicables a partir del 1 de<span class=\"_ _6\"></span> enero d<span class=\"_ _6\"></span>e 202<span class=\"_ _6\"></span>6- Modificaci\u00f3n a la NIIF <span class=\"_ _6\"></span>7 y NIIF 9. <span class=\"_ _6\"></span>Clasificaci\u00f3n y Valoraci\u00f3n de in<span class=\"_ _6\"></span>strumentos financieros.<span class=\"_ _15\"></span> Esta <span class=\"_ _11\"> </span>modificaci\u00f3n <span class=\"_ _11\"></span>aclara <span class=\"_ _0\"></span>los <span class=\"_ _11\"> </span>criterios <span class=\"_ _11\"> </span>para <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>clasificaci\u00f3n <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ciertos<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>activos financieros, <span class=\"_ _1c\"> </span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _1c\"> </span>como, <span class=\"_ _1b\"> </span>los <span class=\"_ _1c\"> </span>criterios <span class=\"_ _1c\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _1c\"> </span>la <span class=\"_ _1b\"> </span>baja <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _1c\"> </span>financieros liquidados <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>trav\u00e9s <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>sistemas <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>pago <span class=\"_ _19\"> </span>electr\u00f3nico.<span class=\"_ _6\"></span> <span class=\"_ _19\"> </span>Adicionalmente, introduce requerimientos<span class=\"_ _6\"></span> de desglo<span class=\"_ _6\"></span>se adicionales<span class=\"_ _6\"></span>. Nuevas Normas<span class=\"_ _6\"></span>-<span class=\"ff4\"> </span>NIIF 18 Presentaci\u00f3n y<span class=\"_ _6\"></span> desgloses d<span class=\"_ _6\"></span>e estados financieros.<span class=\"_ _6\"></span><span class=\"ff3\"> </span>El <span class=\"_ _6\"></span>objetivo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>norma <span class=\"_ _6\"></span>es es<span class=\"_ _6\"></span>tablecer <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>requerimientos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pres<span class=\"_ _6\"></span>entaci\u00f3n y desglose <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1c\"> </span>estados <span class=\"_ _1c\"> </span>financieros,<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>reemplazando <span class=\"_ _1c\"> </span>con <span class=\"_ _1c\"> </span>ello <span class=\"_ _1c\"> </span>a <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>NIC1, actualmente en vigor.<span class=\"_ _6\"></span> NIIF 19 Desgloses de s<span class=\"_ _6\"></span>ubsidiarias s<span class=\"_ _6\"></span>in contabilidad p<span class=\"_ _6\"></span>\u00fablica. El <span class=\"_ _6\"></span>objetivo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>ueva <span class=\"_ _6\"></span>norma <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>detallar <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>des<span class=\"_ _6\"></span>gloses <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>subsidiaria puede aplicar, opcion<span class=\"_ _6\"></span>almente, en la emisi\u00f3n d<span class=\"_ _6\"></span>e sus <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span>dos financieros. No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>esperan <span class=\"_ _0\"></span>impactos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>significativos <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>introducci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estas <span class=\"_ _0\"></span>modificacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>ser <span class=\"_ _0\"></span>aplicacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>de car\u00e1cter <span class=\"_ _11\"></span>prospectivo, <span class=\"_ _11\"></span>modificaciones <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>esglose <span class=\"_ _11\"></span>y/o <span class=\"_ _0\"></span>tra<span class=\"_ _6\"></span>tar <span class=\"_ _11\"></span>aspectos <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>aplicab<span class=\"_ _6\"></span>les <span class=\"_ _11\"></span>o <span class=\"_ _0\"></span>no<span class=\"_ _6\"></span> significativos <span class=\"_ _6\"></span>a las<span class=\"_ _6\"></span> operacion<span class=\"_ _6\"></span>es del <span class=\"_ _6\"></span>Grupo.<span class=\"_ _6\"></span> Si <span class=\"_ _6\"></span>bien <span class=\"_ _6\"></span>la Soci<span class=\"_ _6\"></span>edad<span class=\"_ _6\"></span> est\u00e1 <span class=\"_ _6\"></span>revisand<span class=\"_ _6\"></span>o los <span class=\"_ _6\"></span>impactos q<span class=\"_ _6\"></span>ue la <span class=\"_ _6\"></span>aplicaci\u00f3n tendr\u00eda sobre la in<span class=\"_ _6\"></span>formaci\u00f3n financiera, b\u00e1s<span class=\"_ _6\"></span>icamente por las modificaciones es<span class=\"_ _6\"></span>tablecidas en la N<span class=\"_ _6\"></span>IIF 18 en la clasificaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>partidas <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>estado <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e resu<span class=\"_ _6\"></span>ltados <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>tinguiendo <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>act<span class=\"_ _6\"></span>ividades <span class=\"_ _6\"></span>operat<span class=\"_ _15\"></span>iv<span class=\"_ _6\"></span>as, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>inversi\u00f3n y de financiaci\u00f3n<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "3.<span class=\"ff5 ls0_1\"> <span class=\"_ _f\"> </span><span class=\"ff3\">Pol\u00edticas contables </span></span>Las <span class=\"_ _0\"></span>principales <span class=\"_ _0\"></span>pol\u00edticas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>contables <span class=\"_ _0\"></span>utilizadas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>elaboraci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estas <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>anuales<span class=\"_ _15\"></span> <span class=\"_ _0\"></span>consolidadas<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>de conformidad con lo establecido en las<span class=\"_ _1\"></span> Normas Internacionales de <span class=\"_ _1\"></span>Informaci\u00f3n Financiera e <span class=\"_ _1\"></span>interpretaciones<span class=\"_ _6\"></span> adoptadas p<span class=\"_ _6\"></span>or la Uni\u00f3n Europea (NIIF<span class=\"_ _6\"></span>-UE), s<span class=\"_ _6\"></span>e detallan a contin<span class=\"_ _6\"></span>uaci\u00f3n: 3.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Combinacione<span class=\"_ _1\"></span>s de negocio<span class=\"_ _33\"> </span></span><span class=\"fc2\"> </span>Las combinaciones de <span class=\"_ _e\"></span>negocio<span class=\"_ _6\"></span>s en <span class=\"_ _1\"></span>las que <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo adquiere <span class=\"_ _1\"></span>el control <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e uno <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span> varios <span class=\"_ _1\"></span>negocios se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>m<span class=\"_ _6\"></span>\u00e9todo de <span class=\"_ _e\"></span>adquisici\u00f3n de <span class=\"_ _e\"></span>acuerdo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>lo dispuesto en <span class=\"_ _e\"></span>la NIIF <span class=\"_ _e\"></span>3 Combinaciones de <span class=\"_ _e\"></span>Negocio. Se<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>considera \u201cnegocio\u201d <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>conjun<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>integrado <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>actividades <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>activos, <span class=\"_ _6\"></span>sus<span class=\"_ _6\"></span>ceptibles <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>ser <span class=\"_ _6\"></span>dirigidos <span class=\"_ _15\"></span>y ges<span class=\"_ _6\"></span>tionados <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>el prop\u00f3sito <span class=\"_ _15\"></span>de; <span class=\"_ _6\"></span>1) <span class=\"_ _15\"></span>proporcionar <span class=\"_ _15\"></span>bienes <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>servicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>clientes, <span class=\"_ _15\"></span>y/o <span class=\"_ _6\"></span>2) <span class=\"_ _15\"></span>generar <span class=\"_ _15\"></span>ingresos <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>versiones<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>otros ingresos de activid<span class=\"_ _6\"></span>ades o<span class=\"_ _6\"></span>rdinarias. El <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _10\"></span>implica, <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>car\u00e1cter <span class=\"_ _10\"></span>general, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>registro, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>fecha <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>obtiene <span class=\"_ _10\"></span>el control <span class=\"_ _17\"> </span>del <span class=\"_ _18\"> </span>negocio <span class=\"_ _17\"> </span>adquirido, <span class=\"_ _18\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _18\"> </span>activos <span class=\"_ _17\"> </span>adquiridos, <span class=\"_ _17\"> </span>los <span class=\"_ _18\"> </span>pasivos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>asumido<span class=\"_ _6\"></span>s, <span class=\"_ _1e\"> </span>los <span class=\"_ _18\"> </span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _1e\"> </span>de patrimonio <span class=\"_ _15\"></span>neto <span class=\"_ _15\"></span>emitidos, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>cualquier <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>prest<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>contingente <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>dependa <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>echos <span class=\"_ _15\"></span>futuros <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>del cumplimiento <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ciertas <span class=\"_ _11\"></span>condiciones, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>dicha <span class=\"_ _0\"></span>fecha, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>cuando <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>valo<span class=\"_ _6\"></span>r pueda <span class=\"_ _10\"></span>ser <span class=\"_ _0\"></span>medido <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _10\"></span>f<span class=\"_ _6\"></span>iable. <span class=\"_ _10\"></span>Los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>costes <span class=\"_ _0\"></span>relacionados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>recono<span class=\"_ _6\"></span>cen <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>gast<span class=\"_ _15\"></span>os cuando se in<span class=\"_ _6\"></span>curre en ellos.<span class=\"_ _33\"> </span>La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ositiva <span class=\"_ _10\"></span>existente <span class=\"_ _15\"></span>entre <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>traprestaci\u00f3n <span class=\"_ _10\"></span>trans<span class=\"_ _6\"></span>ferida <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>particip<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>quirida<span class=\"_ _15\"></span> <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _15\"></span>el valor <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>ignado <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>articipaciones <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>dominantes<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _15\"></span>neto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>adquiridos <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>pasivos<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gse\"><div class=\"t_1 m0_1 x71 h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asumidos, que incluye los pasivos contingentes, junto<span class=\"_ _6\"></span> con el<span class=\"_ _1\"></span> valor razonable de la participaci\u00f3n que pudiera </div><div class=\"t_1 m0_1 x71 h8 y1d4 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">tenerse <span class=\"_ _11\"> </span>previamente <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>negocio <span class=\"_ _11\"> </span>ad<span class=\"_ _6\"></span>quirido, <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>registra <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _12\"> </span>\u201cFondo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>comercio\u201d. <span class=\"_ _12\"> </span>Si <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>icha </div><div class=\"t_1 m0_1 x71 h8 y1d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">diferencia fuera negativa, s<span class=\"_ _6\"></span>e reconocer\u00eda dir<span class=\"_ _6\"></span>ectamente com<span class=\"_ _6\"></span>o un mayor <span class=\"_ _6\"></span>resultado del ejercicio.<span class=\"_ _33\"> </span><span class=\"_ _15\"></span> </div><div class=\"t_1 m0_1 x71 h8 y1d6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Si <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>co<span class=\"_ _6\"></span>mbinaci\u00f3n de <span class=\"_ _a\"></span>nego<span class=\"_ _6\"></span>cios s\u00f3lo <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>puede <span class=\"_ _1\"></span>determinar <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>f<span class=\"_ _6\"></span>orma provisional, <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>netos identificables </div><div class=\"t_1 m0_1 x71 h8 y2bd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">se <span class=\"_ _11\"> </span>registra<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>inicialmente <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>us <span class=\"_ _12\"> </span>valores <span class=\"_ _12\"> </span>provisionales<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>reconociendo <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>aj<span class=\"_ _6\"></span>ustes <span class=\"_ _12\"> </span>efectuados<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>durante <span class=\"_ _11\"> </span>el </div><div class=\"t_1 m0_1 x71 h8 y2be ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">periodo de <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>aloraci\u00f3n definitiva,<span class=\"_ _6\"></span> que <span class=\"_ _e\"></span>como m\u00e1ximo es de <span class=\"_ _1\"></span>1 a\u00f1o desde <span class=\"_ _e\"></span>la fecha de <span class=\"_ _1\"></span>adquisi<span class=\"_ _6\"></span>ci\u00f3n, como <span class=\"_ _1\"></span>si \u00e9stos<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2bf ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">se <span class=\"_ _11\"></span>hubieran <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>ocido <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>adquisici\u00f3n, <span class=\"_ _11\"></span>re-expr<span class=\"_ _6\"></span>esando, <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>su <span class=\"_ _11\"> </span>caso, <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>cifras <span class=\"_ _11\"></span>comparativas <span class=\"_ _11\"></span>del </div><div class=\"t_1 m0_1 x71 h8 y2c0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ejercicio <span class=\"_ _17\"> </span>anterior.<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>En <span class=\"_ _17\"> </span>cualq<span class=\"_ _6\"></span>uier <span class=\"_ _17\"> </span>caso, <span class=\"_ _17\"> </span>los <span class=\"_ _1c\"> </span>ajustes <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _17\"> </span>prov<span class=\"_ _6\"></span>isionales <span class=\"_ _17\"> </span>\u00fanicamente<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>incorporan </div><div class=\"t_1 m0_1 x71 h8 y2c1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">informaci\u00f3n <span class=\"_ _10\"></span>relativa <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>echos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>circuns<span class=\"_ _6\"></span>tancias<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>exist\u00edan <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>adqu<span class=\"_ _6\"></span>isici\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>que, <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>aber </div><div class=\"t_1 m0_1 x71 h8 y2c2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sido <span class=\"_ _15\"></span>conocidos<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>hubieran <span class=\"_ _15\"></span>afectado <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>importes <span class=\"_ _15\"></span>recono<span class=\"_ _6\"></span>cidos <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>dicha <span class=\"_ _15\"></span>fecha. <span class=\"_ _15\"></span>Transcurrid<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>dicho <span class=\"_ _15\"></span>periodo, </div><div class=\"t_1 m0_1 x71 h8 y2c3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">s\u00f3lo se realizan a<span class=\"_ _6\"></span>justes a la valoraci\u00f3n in<span class=\"_ _6\"></span>icial como la correc<span class=\"_ _6\"></span>ci\u00f3n de un error<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2c4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El fondo de come<span class=\"_ _6\"></span>rcio resultan<span class=\"_ _6\"></span>te de una combinaci\u00f3<span class=\"_ _6\"></span>n de n<span class=\"_ _6\"></span>egocios s<span class=\"_ _6\"></span>e asigna a cada <span class=\"_ _6\"></span>una de las<span class=\"_ _6\"></span> UGE o Grupos </div><div class=\"t_1 m0_1 x71 h8 y2c5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de UGE que se espera s<span class=\"_ _6\"></span>e vayan a b<span class=\"_ _6\"></span>eneficiar de la sinergias d<span class=\"_ _6\"></span>e la combinaci\u00f3n. <span class=\"_ _15\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2c6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio <span class=\"_ _6\"></span>s\u00f3<span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _6\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ido <span class=\"_ _6\"></span>adquirido<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>t\u00edtulo <span class=\"_ _10\"></span>oneroso<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>amort<span class=\"_ _6\"></span>izan. </div><div class=\"t_1 m0_1 x71 h8 y2c7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>lu<span class=\"_ _6\"></span>gar, <span class=\"_ _10\"></span>son <span class=\"_ _10\"></span>revisado<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>anualmente <span class=\"_ _10\"></span>mediante <span class=\"_ _0\"></span>estudios <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>verificar <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>exista <span class=\"_ _10\"></span>deterioro <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>valor </div><div class=\"t_1 m0_1 x71 h8 y2c8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asignado <span class=\"_ _6\"></span>inicialmente, <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ci\u00e9ndose <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>el v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>recuperable es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inferior </div><div class=\"t_1 m0_1 x71 h8 y2c9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">al <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>asignado <span class=\"_ _15\"></span>inicialmente. <span class=\"_ _6\"></span>Una <span class=\"_ _15\"></span>vez <span class=\"_ _15\"></span>reconocida <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>fondo d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio, <span class=\"_ _6\"></span>\u00e9sta<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2ca ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">no revierte en <span class=\"_ _1\"></span>los ejercicios futuros. Estas valoraciones son r<span class=\"_ _e\"></span>ealizad<span class=\"_ _6\"></span>as de forma interna y <span class=\"_ _e\"></span>se ofrecen detalles </div><div class=\"t_1 m0_1 x71 h8 y265 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sobre la metodolog\u00eda d<span class=\"_ _6\"></span>e c\u00e1lculo ap<span class=\"_ _6\"></span>licada en la Nota<span class=\"_ _6\"></span> 3.5. </div><div class=\"t_1 m0_1 x71 h8 y2cb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio <span class=\"_ _1\"></span>no se <span class=\"_ _e\"></span>amortiza y <span class=\"_ _e\"></span>se revisa <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>ualmente para <span class=\"_ _e\"></span>analizar las <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>osibles p\u00e9rdidas <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>deterioro </div><div class=\"t_1 m0_1 x71 h8 y2cc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>valor, <span class=\"_ _10\"></span>registr\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>financiera <span class=\"_ _10\"></span>consolida<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>coste <span class=\"_ _0\"></span>menos <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2cd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">p\u00e9rdidas po<span class=\"_ _6\"></span>r deterioro acumulada<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span></div><div class=\"t_1 m0_1 x71 h8 y2ce ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _11\"></span>Grupo <span class=\"_ _0\"></span>eval\u00fa<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>cada <span class=\"_ _11\"> </span>transacci\u00f3n <span class=\"_ _11\"></span>si <span class=\"_ _0\"></span>ha <span class=\"_ _11\"> </span>adquirido <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>negocio <span class=\"_ _11\"> </span>o <span class=\"_ _11\"></span>un <span class=\"_ _11\"></span>grupo <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>activos, <span class=\"_ _11\"></span>analizando <span class=\"_ _0\"></span>si <span class=\"_ _11\"> </span>el </div><div class=\"t_1 m0_1 x71 h8 y2cf ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">conjunto d<span class=\"_ _6\"></span>e activos adquiridos cu<span class=\"_ _6\"></span>mple con la definici\u00f3n de <span class=\"_ _6\"></span>negocio recogida en<span class=\"_ _6\"></span> NIIF<span class=\"_ _6\"></span>-<span class=\"lse\">3.<span class=\"_ _6\"></span></span> </div><div class=\"t_1 m0_1 x71 h8 y2d0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>reconoce <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>participaciones <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>dominantes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>entid<span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quirida <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los </div><div class=\"t_1 m0_1 x71 h8 y2d1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">activos netos<span class=\"_ _6\"></span> identificables de la entid<span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>, valorados a valor razonab<span class=\"_ _6\"></span>le<span class=\"lsf\">.<span class=\"_ _33\"> </span></span><span class=\"lsf\"> </span> </div><div class=\"t_1 m0_1 x71 h46 y2d2 ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">3.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Otros activos inta<span class=\"_ _1\"></span>ngibles </span></div><div class=\"t_1 m0_1 x71 h8 y237 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _11\"> </span>derechos <span class=\"_ _11\"> </span>incluidos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>este <span class=\"_ _0\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>Estado <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>Situaci\u00f3n <span class=\"_ _11\"> </span>Finan<span class=\"_ _6\"></span>ciera, <span class=\"_ _11\"></span>principalmente <span class=\"_ _11\"> </span>aplicaciones<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y238 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">inform\u00e1ticas, gastos <span class=\"_ _e\"></span>de desarrollo, <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> permisos <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>licencias <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>la ge<span class=\"_ _1\"></span>neraci\u00f3n de <span class=\"_ _e\"></span>energ\u00eda el\u00e9ctrica, <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>registra<span class=\"_ _6\"></span>n </div><div class=\"t_1 m0_1 x71 h8 y1a3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">inicialmente <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>coste <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>adquisici\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n. <span class=\"_ _15\"></span>Tras <span class=\"_ _15\"></span>su <span class=\"_ _10\"></span>reconocimiento <span class=\"_ _15\"></span>inicial, <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>valora<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>coste <span class=\"_ _15\"></span>de </div><div class=\"t_1 m0_1 x71 h8 y239 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">adquisici\u00f3n, <span class=\"_ _10\"></span>deducidas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>amortizaci\u00f3n <span class=\"_ _10\"></span>acu<span class=\"_ _6\"></span>mulada <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>cualquier <span class=\"_ _15\"></span>p\u00e9rdida <span class=\"_ _10\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _10\"></span>deterioro <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _10\"></span>(v\u00e9ase <span class=\"_ _10\"></span>Not<span class=\"_ _15\"></span><span class=\"ls13\">a </span></div><div class=\"t_1 m0_1 x71 h8 y23a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.5).  </div><div class=\"t_1 m0_1 x71 h8 y23b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil <span class=\"_ _1\"></span>definida y se amortizan </div><div class=\"t_1 m0_1 x71 h8 y2d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">siguiendo <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _10\"></span>lineal <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>largo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _10\"></span>estimada, <span class=\"_ _10\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>periodo <span class=\"_ _10\"></span>du<span class=\"_ _6\"></span>rante <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>cual <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e </div><div class=\"t_1 m0_1 x71 h8 y120 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">prev\u00e9 que generar\u00e1n ingreso<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span></div><div class=\"t_1 m0_1 x71 h51 y23e ff9 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de I+D - </div><div class=\"t_1 m0_1 x71 h8 y2d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los gastos d<span class=\"_ _6\"></span>e investigaci\u00f3n s<span class=\"_ _6\"></span>e reconocen como gasto en el ejercicio <span class=\"_ _6\"></span>en el que incurre <span class=\"_ _6\"></span>en ellos. <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"_ _12\"> </span>su  parte, <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>gastos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>desar<span class=\"_ _6\"></span>rollo, <span class=\"_ _12\"> </span>que  incluyen <span class=\"_ _11\"> </span>el<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>desarrollo  de <span class=\"_ _11\"> </span>nuevos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>proyect<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>negocio, <span class=\"_ _12\"> </span>se<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2d6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reconocen como <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>su cos<span class=\"_ _6\"></span>te es <span class=\"_ _6\"></span>identificable por <span class=\"_ _6\"></span>proyecto, <span class=\"_ _6\"></span>y es p<span class=\"_ _6\"></span>robable que el <span class=\"_ _6\"></span>proyecto <span class=\"_ _6\"></span>vaya a<span class=\"_ _33\"> </span> </div></div>tener <span class=\"_ _10\"></span>\u00e9xito <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>nivel <span class=\"_ _10\"></span>t\u00e9cnico <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>comercial. <span class=\"_ _0\"></span>Los <span class=\"_ _10\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>re\u00fanen <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>requis<span class=\"_ _6\"></span>itos <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>reconocen <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>un gasto en el ejercicio en q<span class=\"_ _6\"></span>ue se incurren.<span class=\"_ _6\"></span> Estos <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>cap<span class=\"_ _6\"></span>italizados <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan <span class=\"_ _0\"></span>linealm<span class=\"_ _6\"></span>ente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _6\"></span>os, <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>bien <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>plazo <span class=\"_ _11\"></span>en <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>prevea <span class=\"_ _0\"></span>que generar\u00e1n ingresos s<span class=\"_ _6\"></span>i este plazo es s<span class=\"_ _6\"></span>uperior, con el l\u00edmite de 10 a\u00f1o<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>Aplicaciones inform\u00e1tic<span class=\"_ _6\"></span>as- El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>registra <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>adquisici\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>programas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inform\u00e1ticos, <span class=\"_ _6\"></span>as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e licencias con <span class=\"_ _6\"></span>vigencia <span class=\"_ _6\"></span>plurianual. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _6\"></span>se reconocen <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>activos<span class=\"_ _6\"></span> intangibles<span class=\"_ _6\"></span> los <span class=\"_ _6\"></span>costes <span class=\"_ _6\"></span>directamente relacionados <span class=\"_ _0\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>esarrollo <span class=\"_ _0\"></span>interno <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>gramas <span class=\"_ _0\"></span>infor<span class=\"_ _6\"></span>m\u00e1ticos, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ea <span class=\"_ _0\"></span>clarament<span class=\"_ _6\"></span>e identificable <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>yecto, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>sea <span class=\"_ _e\"></span>prob<span class=\"_ _6\"></span>able <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>vayan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>gener<span class=\"_ _6\"></span>ar <span class=\"_ _e\"></span>beneficios <span class=\"_ _e\"></span>econ\u00f3m<span class=\"_ _6\"></span>icos <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>fut<span class=\"_ _6\"></span>uro <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>Grupo. El resto de los costes internos y <span class=\"_ _1\"></span>externos asociados al mantenimiento y desarrollo de s<span class=\"_ _6\"></span>oftware se imputan a resultados en el ejercicio en q<span class=\"_ _6\"></span>ue se incu<span class=\"_ _6\"></span>rren. La amortizaci\u00f3n <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>aplicacio<span class=\"_ _6\"></span>nes inform\u00e1ticas <span class=\"_ _1\"></span>se realiza aplicando el <span class=\"_ _e\"></span>m\u00e9todo<span class=\"_ _6\"></span> lineal <span class=\"_ _e\"></span>du<span class=\"_ _6\"></span>rante un per\u00edodo <span class=\"_ _1\"></span>de 5 a\u00f1os, a co<span class=\"_ _6\"></span>ntar desde la entrada en explotaci\u00f3<span class=\"_ _6\"></span>n de cada programa.<span class=\"_ _33\"> </span>Derechos de ge<span class=\"_ _6\"></span>neraci\u00f3n de energ\u00eda el\u00e9c<span class=\"_ _6\"></span>trica<span class=\"_ _6\"></span>- Los <span class=\"_ _11\"></span>permisos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>licencias <span class=\"_ _11\"> </span>que <span class=\"_ _0\"></span>permiten <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>una <span class=\"_ _0\"></span>ins<span class=\"_ _6\"></span>talaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>perar <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>r\u00e9gimen retributivo especial regulado en el <span class=\"_ _1\"></span>Real Decreto 413/2014, de 6 de <span class=\"_ _e\"></span>ju<span class=\"_ _6\"></span>nio, por el que <span class=\"_ _1\"></span>se regula la actividad <span class=\"_ _1\"></span>de producci\u00f3n <span class=\"_ _1a\"> </span>de <span class=\"_ _12\"> </span>energ\u00eda <span class=\"_ _12\"> </span>el\u00e9ctr<span class=\"_ _6\"></span>ica <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>artir <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>fuentes  de <span class=\"_ _11\"> </span>en<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _12\"> </span>renov<span class=\"_ _6\"></span>ab<span class=\"_ _6\"></span>le, <span class=\"_ _12\"> </span>cogeneraci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _12\"> </span>y  residuos, <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e registran <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>coste <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>adq<span class=\"_ _6\"></span>uisici\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>bien, <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>i<span class=\"_ _6\"></span>ncurrido <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>obten<span class=\"_ _6\"></span>ci\u00f3n, <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>amort<span class=\"_ _6\"></span>izan <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> a\u00f1os de vida \u00fatil regulatoria de las instalaciones de generaci\u00f3n de energ\u00eda renovable en la<span class=\"_ _6\"></span>s que se utilizan si dicha <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>\u00fatil <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _0\"></span>limitada <span class=\"_ _0\"></span>regulatoriamente, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>b<span class=\"_ _6\"></span>ien, <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>prev\u00e9 <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>instalaci\u00f3n titular genere beneficios par<span class=\"_ _6\"></span>a el Grupo<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>3.3<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Propiedad, plan<span class=\"_ _1\"></span>ta y equipo </span>Estos <span class=\"_ _15\"></span>activos <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>valoran <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n, <span class=\"_ _6\"></span>deducida<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>amortizaciones <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>los deterioros de valor, si los <span class=\"_ _1\"></span>hubiera (v\u00e9ase Nota 3.5). <span class=\"_ _1\"></span>El coste <span class=\"_ _1\"></span>de adquisici\u00f3n incluye, en su <span class=\"_ _1\"></span>caso, los siguientes conceptos:<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Los intereses d<span class=\"_ _6\"></span>evengados du<span class=\"_ _6\"></span>rante el periodo de<span class=\"_ _6\"></span> construcci<span class=\"_ _6\"></span>\u00f3n, siempre que <span class=\"_ _6\"></span>este per\u00edodo <span class=\"_ _6\"></span>sea su<span class=\"_ _6\"></span>perior a </span></span>1 <span class=\"_ _11\"></span>a\u00f1o, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>relativos <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _11\"> </span>atribuible <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>activo <span class=\"_ _11\"> </span>productivo. <span class=\"_ _11\"> </span>La <span class=\"_ _11\"> </span>tasa <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>inter\u00e9s <span class=\"_ _11\"></span>utilizada <span class=\"_ _11\"> </span>es <span class=\"_ _11\"></span>la correspondiente <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>espec\u00edfica <span class=\"_ _0\"></span>o, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>existi<span class=\"_ _6\"></span>r, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>ta<span class=\"_ _6\"></span>sa <span class=\"_ _10\"></span>media <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>financiaci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Grupo (v\u00e9ase Nota 28).<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Los <span class=\"_ _0\"></span>tra<span class=\"_ _6\"></span>bajos <span class=\"_ _0\"></span>realizad<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Gru<span class=\"_ _6\"></span>po <span class=\"_ _0\"></span>para <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>propio <span class=\"_ _11\"></span>i<span class=\"_ _1\"></span>nmovilizado <span class=\"_ _11\"></span>material<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>registran <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>coste </span></span>acumulado <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>resulta <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>a\u00f1adir <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>costes <span class=\"_ _10\"></span>externos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>internos, <span class=\"_ _10\"></span>principalmente <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de personal, <span class=\"_ _18\"> </span>materiales  de <span class=\"_ _18\"> </span>almac\u00e9n <span class=\"_ _18\"> </span>y  otros<span class=\"_ _6\"></span>  cos<span class=\"_ _6\"></span>tes  operativos<span class=\"_ _6\"></span>.  Dura<span class=\"_ _6\"></span>nte  el <span class=\"_ _18\"> </span>ejercicio  202<span class=\"_ _15\"></span><span class=\"lse\">4 <span class=\"_ _18\"> </span></span>el  importe registrado <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>concepto<span class=\"_ _6\"></span> asciend<span class=\"_ _6\"></span>e a <span class=\"_ _15\"></span>5.864 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>(</span>1.5<span class=\"_ _6\"></span>58 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>202</span>3), <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>registra <span class=\"_ _6\"></span>dentro <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el<span class=\"_ _1\"></span> ep\u00edgrafe \u201cTrabajos r<span class=\"_ _6\"></span>ealizados por el Grup<span class=\"_ _6\"></span>o para su<span class=\"_ _6\"></span> inmovilizado\u201d del Es<span class=\"_ _6\"></span>tado de Resultado conso<span class=\"_ _6\"></span>lidado. <span class=\"_ _15\"></span><span class=\"ff4\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _15\"></span>caso <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>est\u00e9 <span class=\"_ _15\"></span>obligado<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>desmantelar <span class=\"_ _15\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaciones <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>rehab<span class=\"_ _6\"></span>ilitar <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>lugar <span class=\"_ _15\"></span>don<span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e </span></span>asientan, <span class=\"_ _12\"> </span>el <span class=\"_ _11\"></span>valor <span class=\"_ _11\"> </span>estimado <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>dicho<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>costes <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>incorpora <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>valor <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>libros <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>activo <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>su <span class=\"_ _11\"> </span>valor presente, <span class=\"_ _12\"> </span>con  abono <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>ep\u00edgrafe <span class=\"_ _12\"> </span>\u201cProvisiones<span class=\"_ _6\"></span>\u201d <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>Est<span class=\"_ _6\"></span><span class=\"ff4\">ado  de <span class=\"_ _11\"> </span>Situaci\u00f3n  Financiera <span class=\"_ _11\"> </span>cons<span class=\"_ _6\"></span>olidado.  Lo<span class=\"_ _1\"></span>s </span>cambios <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>osteriores <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>evaluaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>obligacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>desmantelami<span class=\"_ _6\"></span>ento <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>a\u00f1ade<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>deducen del valor neto conta<span class=\"_ _6\"></span>ble del activo corresp<span class=\"_ _6\"></span>ondiente en el period<span class=\"_ _6\"></span>o en el que se p<span class=\"_ _6\"></span>roducen. <span class=\"_ _15\"></span> <div class=\"c_1 w2_1 h3b gs10\"><div class=\"t_1 m0_1 x68 h2_1 y17e ff1_1 fs0_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x72 hb y17f ff5 fs1 fc0_1 sc0_1 lsb ws0_1\">17<span class=\"ls0_1\"> </span></div><div class=\"t_1 m0_1 x3f h9 y180 ff5 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">www.ence.es<span class=\"ff3 fs4 fc4\"> </span></div><div class=\"t_1 m0_1 x6a hb y181 ff5 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div><div class=\"c_1 w28 h3d gs11\"><div class=\"t_1 m0_1 x11 h3e y183 ff3 fs6 fc2 sc0_1 ls0_1 ws0_1\">Ence Energ\u00eda y Celulosa, <span class=\"_ _6\"></span>S.<span class=\"_ _33\"> </span>A. y sociedades <span class=\"_ _6\"></span>dependientes<span class=\"_ _6\"></span> - Cuentas a<span class=\"_ _6\"></span>nuales consolidadas de<span class=\"_ _6\"></span>l ejercicio 2024<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w2_1 h3b gs10\"><div class=\"t_1 m0_1 x6c h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">A este respecto, \u00fanicamente <span class=\"_ _1\"></span>se estima que se incurrir\u00e1 e<span class=\"_ _1\"></span>n este tipo de costes e<span class=\"_ _1\"></span>n relaci\u00f3n a <span class=\"_ _1\"></span>la biof\u00e1brica </div><div class=\"t_1 m0_1 x6c h8 y2ed ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _18\"> </span>Pontevedra <span class=\"_ _18\"> </span>asentada <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>terrenos <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>dominio <span class=\"_ _18\"> </span>p\u00fablic<span class=\"_ _6\"></span>o <span class=\"_ _18\"> </span>disponibles<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>trav\u00e9s <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>una  con<span class=\"_ _6\"></span>cesi\u00f3n </div><div class=\"t_1 m0_1 x6c h8 y2ee ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">administrativa,<span class=\"_ _6\"></span>  ya  que,  seg\u00fan  los  t\u00e9rminos<span class=\"_ _6\"></span>  de  otorgamiento  de  la  concesi\u00f3n<span class=\"_ _6\"></span>  administrativa,  a  su </div><div class=\"t_1 m0_1 x6c h8 y2ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">vencimiento, las instalaciones construid<span class=\"_ _6\"></span>as sobre el terreno revertir\u00e1n al Estado o bien \u00e9<span class=\"_ _1\"></span>ste requerir\u00e1 su </div><div class=\"t_1 m0_1 x6c h8 y2f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">desmantelamiento.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h22 y2f1 ffa fs4 fc7 sc0_1 ls0_1 ws0_1\">\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Con anterioridad a<span class=\"_ _6\"></span> la fecha de t<span class=\"_ _6\"></span>ransici\u00f3n a la n<span class=\"_ _6\"></span>ormativa contable internacio<span class=\"_ _6\"></span>nal (1 de enero d<span class=\"_ _6\"></span>e 2004), el </span></span></div><div class=\"t_1 m0_1 x6c h8 y2f2 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo <span class=\"_ _15\"></span>ENCE <span class=\"_ _15\"></span>actualiz\u00f3<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>sus <span class=\"_ _15\"></span>terrenos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>registra<span class=\"_ _6\"></span>dos <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cPropiedad<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>planta <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>equip<span class=\"_ _6\"></span>o\u201d </div><div class=\"t_1 m0_1 x6c h8 y2f3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del Estado de <span class=\"_ _e\"></span>Situaci\u00f3n<span class=\"_ _6\"></span> Financiera <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>solidado a su valor <span class=\"_ _1\"></span>de m<span class=\"_ _1\"></span>ercado en e<span class=\"_ _1\"></span>se momento <span class=\"_ _1\"></span>(v\u00e9ase Nota 16),<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x6c h8 y2f4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">habi\u00e9ndose  considerado <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>importe <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>dicha  actualizaci\u00f3n <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>parte <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _12\"> </span>coste <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los  activos <span class=\"_ _11\"> </span>de </div><div class=\"t_1 m0_1 x6c h8 y2f5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">acuerdo con lo esta<span class=\"_ _6\"></span>blecido por la N<span class=\"_ _6\"></span>IIF 1. </div><div class=\"t_1 m0_1 x71 h8 y282 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _12\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>ampliaci\u00f3n, <span class=\"_ _12\"> </span>modernizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>mejoras<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"> </span>representa<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>un  a<span class=\"_ _1\"></span>umento <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la  pro<span class=\"_ _1\"></span>ductividad, </div><div class=\"t_1 m0_1 x71 h8 y2f6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">capacidad, <span class=\"_ _6\"></span>eficiencia o <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>alargamiento<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>vida <span class=\"_ _6\"></span>\u00fatil d<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> bienes <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>capitalizan <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>m<span class=\"_ _6\"></span>ayor cos<span class=\"_ _6\"></span>te de <span class=\"_ _6\"></span>los </div><div class=\"t_1 m0_1 x71 h8 y2f7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">correspondientes activos. <span class=\"_ _e\"></span>Forman igualmente <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>inmov<span class=\"_ _6\"></span>ilizado <span class=\"_ _1\"></span>material <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>inversiones <span class=\"_ _1\"></span>efectuadas con </div><div class=\"t_1 m0_1 x71 h8 y2f8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el <span class=\"_ _15\"></span>fin <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>minimizar <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>impacto <span class=\"_ _10\"></span>ambiental <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>operacion<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>mejorar <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>pro<span class=\"_ _6\"></span>tecci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>medio <span class=\"_ _10\"></span>ambiente<span class=\"_ _6\"></span>. </div><div class=\"t_1 m0_1 x71 h8 y2f9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>igue <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>traspas<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>obra <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>curs<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _11\"></span>una <span class=\"_ _0\"></span>vez <span class=\"_ _0\"></span>fi<span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>alizado <span class=\"_ _11\"></span>el </div><div class=\"t_1 m0_1 x71 h8 y2fa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">correspondiente periodo<span class=\"_ _6\"></span> de prueba.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2fb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por su parte, los gastos de <span class=\"_ _1\"></span>conservaci\u00f3n y mantenimiento incurridos durante el ejercicio <span class=\"_ _1\"></span>se cargan al Estado </div><div class=\"t_1 m0_1 x71 h8 y2fc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de Resultado cons<span class=\"_ _6\"></span>olidado. <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2fd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las s<span class=\"_ _6\"></span>ustituciones <span class=\"_ _6\"></span>de elemento<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>del inmovilizad<span class=\"_ _6\"></span>o material <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>sceptibles <span class=\"_ _6\"></span>de capitaliza<span class=\"_ _6\"></span>ci\u00f3n su<span class=\"_ _6\"></span>ponen <span class=\"_ _6\"></span>la baj<span class=\"_ _6\"></span>a del </div><div class=\"t_1 m0_1 x71 h8 y2fe ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">valor  contable  de  los  elementos<span class=\"_ _6\"></span>  sustituidos.  En  aquellos  casos  en  los  que  el  coste  de  los  elementos </div><div class=\"t_1 m0_1 x71 h8 y14d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sustituid<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>haya <span class=\"_ _0\"></span>sido <span class=\"_ _0\"></span>amortizad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>forma <span class=\"_ _0\"></span>ind<span class=\"_ _6\"></span>ependie<span class=\"_ _6\"></span>nte <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>fuese <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>racticable <span class=\"_ _0\"></span>determin<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>alor </div><div class=\"t_1 m0_1 x71 h8 yb8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contable de los mismos, s<span class=\"_ _6\"></span>e utiliza el coste de la sustituci\u00f3n como indicativo del coste de los elementos en el </div><div class=\"t_1 m0_1 x71 h8 y2ff ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">momento <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>construcci\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ben<span class=\"_ _6\"></span>eficio <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>pr<span class=\"_ _10\"></span>oduce <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la </div><div class=\"t_1 m0_1 x71 h8 y300 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">enajenaci\u00f3n <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>elementos sustituidos <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>determina <span class=\"_ _e\"></span>por dif<span class=\"_ _1\"></span>erencia <span class=\"_ _e\"></span>entre<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ercibid<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>por la <span class=\"_ _a\"></span>venta<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y301 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y el valor en libros<span class=\"_ _6\"></span> del activo enajenado.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h51 y302 ff9 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaciones y de<span class=\"_ _6\"></span>terioros </div><div class=\"t_1 m0_1 x71 h8 y7a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>amortiza <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _11\"></span>material <span class=\"_ _10\"></span>siguiend<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>lineal, </div><div class=\"t_1 m0_1 x71 h8 y303 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">distribuyend<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>activos entre <span class=\"_ _e\"></span>los a\u00f1os <span class=\"_ _e\"></span>de vida <span class=\"_ _e\"></span>\u00fatil <span class=\"_ _1\"></span>estimada, de <span class=\"_ _e\"></span>acuerdo con <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>siguiente <span class=\"_ _1\"></span>detalle:<span class=\"_ _33\"> </span><span class=\"_ _15\"></span> </div></div><div class=\"c_1 w31 h53 gs13\"><div class=\"t_1 m0_1 x30 h54 y6e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2024 </div></div><div class=\"c_1 w32 h23 gs14\"><div class=\"t_1 m0_1 x10 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Porcentaje </div></div><div class=\"c_1 w33 h23 gs15\"><div class=\"t_1 m0_1 x5a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1os de Vida </div></div><div class=\"c_1 w32 h56 gs16\"><div class=\"t_1 m0_1 x32 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n </div></div><div class=\"c_1 w33 h56 gs17\"><div class=\"t_1 m0_1 x5a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">\u00datil Estimada </div></div><div class=\"c_1 w30 h23 gs18\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Construcciones </div></div><div class=\"c_1 w32 h23 gs19\"><div class=\"t_1 m0_1 x5 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2%<span class=\"ls0_1\">-</span>3%<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w33 h23 gs1a\"><div class=\"t_1 m0_1 xe h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">33<span class=\"ls0_1\">-</span>50<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w30 h23 gs1b\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Instalaciones t\u00e9cnicas </div></div><div class=\"c_1 w30 h23 gs1c\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Plantas de generaci\u00f3n con biomasa </div></div><div class=\"c_1 w32 h23 gs1d\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">4%<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w33 h23 gs1e\"><div class=\"t_1 m0_1 x7f h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">25<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w30 h23 gs1f\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otras instalaciones </div></div><div class=\"c_1 w32 h23 gs20\"><div class=\"t_1 m0_1 x1a h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">5%<span class=\"ls0_1\">-8,3% </span></div></div><div class=\"c_1 w33 h23 gs21\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"ls9\">20</span> </div></div><div class=\"c_1 w30 h23 gs22\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Maquinaria </div></div><div class=\"c_1 w32 h23 gs23\"><div class=\"t_1 m0_1 x4 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">5%<span class=\"ls0_1\">-12,5% </span></div></div><div class=\"c_1 w33 h23 gs24\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"ls9\">20</span> </div></div><div class=\"c_1 w30 h58 gs25\"><div class=\"t_1 m0_1 x12 h1f y311 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Utillaje y mobiliario </div></div><div class=\"c_1 w32 h58 gs26\"><div class=\"t_1 m0_1 x54 h1f y311 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8,3%-12,5% </div></div><div class=\"c_1 w33 h58 gs27\"><div class=\"t_1 m0_1 x1e h1f y311 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8-<span class=\"ls9\">12</span> </div></div><div class=\"c_1 w30 h23 gs28\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Equipos procesos de informaci\u00f3n </div></div><div class=\"c_1 w32 h23 gs29\"><div class=\"t_1 m0_1 x15 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">20%<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w33 h23 gs2a\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5 </div></div><div class=\"c_1 w30 h23 gs2b\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Elementos transporte </div></div><div class=\"c_1 w32 h23 gs2c\"><div class=\"t_1 m0_1 x15 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">10%<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w33 h23 gs2d\"><div class=\"t_1 m0_1 x7f h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">10<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w30 h23 gs2e\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otro inmovilizado material </div></div><div class=\"c_1 w32 h23 gs2f\"><div class=\"t_1 m0_1 x15 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">10%<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w33 h23 gs30\"><div class=\"t_1 m0_1 x7f h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">10<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs31\"><div class=\"t_1 m0_1 x3f h8 y317 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y318 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>revisa <span class=\"_ _15\"></span>peri\u00f3dicamen<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>residu<span class=\"_ _6\"></span>al, <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>m\u00e9todo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>amortizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>inmovilizado </div><div class=\"t_1 m0_1 x1f h8 y319 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">material. <span class=\"_ _10\"></span>Las<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>modificaciones <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>criterios <span class=\"_ _0\"></span>inicialmente <span class=\"_ _0\"></span>esta<span class=\"_ _6\"></span>blecidos <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>reconoc<span class=\"_ _6\"></span>en <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>de </div><div class=\"t_1 m0_1 x1f h8 y31a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">estimaci\u00f3n.<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w2_1 h3b gs33\"><div class=\"t_1 m0_1 x1f h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _18\"> </span>terrenos <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>registran <span class=\"_ _18\"> </span>de  forma <span class=\"_ _18\"> </span>independiente <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>edificios <span class=\"_ _18\"> </span>o <span class=\"_ _18\"> </span>instalaciones <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>puedan <span class=\"_ _18\"> </span>estar </div><div class=\"t_1 m0_1 x1f h8 y1d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asentadas sob<span class=\"_ _6\"></span>re los mismos y se entiende que tienen una vida <span class=\"_ _6\"></span>\u00fatil indefinida y, por tanto, no son objeto de </div><div class=\"t_1 m0_1 x1f h8 y1d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">amortizaci\u00f3n.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y1d6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con <span class=\"_ _17\"> </span>car\u00e1cter <span class=\"_ _1c\"> </span>general, <span class=\"_ _17\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>edificaciones <span class=\"_ _1c\"> </span>construidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>terrenos <span class=\"_ _17\"> </span>cedi<span class=\"_ _6\"></span>dos <span class=\"_ _1c\"> </span>en <span class=\"_ _17\"> </span>r\u00e9gimen </div><div class=\"t_1 m0_1 x71 h8 y2bd ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">concesional <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la cuenta <span class=\"_ _6\"></span>\u201c<span class=\"_ _6\"></span>Construcciones\u201d<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Dicho <span class=\"_ _6\"></span>coste, <span class=\"_ _6\"></span>junto <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>resto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>insta<span class=\"_ _6\"></span>laciones </div><div class=\"t_1 m0_1 x71 h8 y2be ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">fijas <span class=\"_ _15\"></span>ubicadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>terrenos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>concesion<span class=\"_ _6\"></span>ados <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>a<span class=\"_ _6\"></span>mortiza <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>ida <span class=\"_ _15\"></span>\u00fatil, <span class=\"_ _15\"></span>estableci\u00e9ndose <span class=\"_ _15\"></span>como </div><div class=\"t_1 m0_1 x71 h8 y2bf ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">l\u00edmite el periodo restante d<span class=\"_ _6\"></span>e vigencia de la concesi\u00f3n<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y1fd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>Renov<span class=\"_ _6\"></span>ables, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>regulaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estab<span class=\"_ _6\"></span>lece <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>regulatoria <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>operativos <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>depende </div><div class=\"t_1 m0_1 x71 h8 y31b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>tecnolog\u00eda,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>siendo <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>actualmente <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>blecida <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>25 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>biomasa. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>vida </div><div class=\"t_1 m0_1 x71 h8 y31c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">regulatoria <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>period<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>duran<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>la cual <span class=\"_ _e\"></span>la instalaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>va <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>tener <span class=\"_ _e\"></span>derecho a <span class=\"_ _e\"></span>pertenec<span class=\"_ _6\"></span>er <span class=\"_ _e\"></span>al r\u00e9gimen <span class=\"_ _1\"></span>retributivo </div><div class=\"t_1 m0_1 x71 h8 y31d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">establecido <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>normativa <span class=\"_ _11\"> </span>energ\u00e9tica <span class=\"_ _11\"> </span>y, <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>tanto, <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>obtener <span class=\"_ _11\"></span>los <span class=\"_ _11\"></span>beneficios <span class=\"_ _11\"></span>econ\u00f3micos <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>apliquen </div><div class=\"t_1 m0_1 x71 h8 y2c4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(retribuciones <span class=\"_ _6\"></span>a la <span class=\"_ _6\"></span>inversi\u00f3n <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>la op<span class=\"_ _6\"></span>eraci\u00f3n m<span class=\"_ _6\"></span>ediante el <span class=\"_ _6\"></span>mecanis<span class=\"_ _6\"></span>mo de <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _6\"></span>m\u00edn<span class=\"_ _15\"></span>ima <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>en </div><div class=\"t_1 m0_1 x71 h8 y31e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el <span class=\"_ _15\"></span>mismo). <span class=\"_ _15\"></span>En <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>sentid<span class=\"_ _6\"></span>o, <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>activos <span class=\"_ _15\"></span>vincu<span class=\"_ _6\"></span>lados <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>estas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaciones <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>amortiza<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>considerand<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ida </div><div class=\"t_1 m0_1 x71 h8 y31f 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\u00f3micos positivos<span class=\"_ _6\"></span> m\u00e1s all\u00e1 </div><div class=\"t_1 m0_1 x71 h8 y320 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de su vida <span class=\"_ _6\"></span>regulatoria.<span class=\"_ _33\"> </span></div><div class=\"t_1 m0_1 x1f h8 y2c8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las s<span class=\"_ _6\"></span>ociedades del <span class=\"_ _6\"></span>Grupo ev<span class=\"_ _6\"></span>al\u00faan peri\u00f3dicamente, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>al menos <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cierre de cada <span class=\"_ _6\"></span>ejercicio, <span class=\"_ _6\"></span>si existen <span class=\"_ _6\"></span>indicios </div><div class=\"t_1 m0_1 x1f h8 y2c9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>alg\u00fan <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>conjunto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>del in<span class=\"_ _6\"></span>movilizado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>jeto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>proceder <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>caso<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>tal </div><div class=\"t_1 m0_1 x1f h8 y2ca ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">como <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>indica <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>apartado <span class=\"_ _15\"></span>3.5 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>presente <span class=\"_ _15\"></span>nota<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>deterioro <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>reversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>mis<span class=\"_ _6\"></span>mo <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _15\"></span>ajustar <span class=\"_ _15\"></span>su </div><div class=\"t_1 m0_1 x1f h8 y265 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">valor <span class=\"_ _11\"></span>neto <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>recuperable, <span class=\"_ _11\"> </span>sin <span class=\"_ _11\"></span>superar <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>ning\u00fan <span class=\"_ _11\"></span>caso <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>reversiones <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>deterioros </div><div class=\"t_1 m0_1 x1f h8 y321 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">previos <span class=\"_ _12\"> </span>realizados. <span class=\"_ _12\"> </span>Los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>deterioros <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>reconocen, <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>cargo <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>ep\u00edgra<span class=\"_ _6\"></span>fe <span class=\"_ _11\"> </span>\u201c<span class=\"_ _6\"></span>Deter<span class=\"_ _15\"></span><span class=\"ff4\">ioros <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>y </span></div><div class=\"t_1 m0_1 x1f h8 y322 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">resultados p<span class=\"_ _6\"></span>or enajenaci\u00f3n de inmovilizado<span class=\"_ _6\"></span>\u201d.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x71 h46 y323 ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">3.4<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Activos biol\u00f3<span class=\"_ _1\"></span>gicos </span></div><div class=\"t_1 m0_1 x71 h8 y324 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _15\"></span>Grupo <span class=\"_ _10\"></span>cultiva <span class=\"_ _10\"></span>diversas <span class=\"_ _10\"></span>especies <span class=\"_ _10\"></span>forestales, <span class=\"_ _15\"></span>prin<span class=\"_ _6\"></span>cipalmente <span class=\"_ _15\"></span>eucalip<span class=\"_ _6\"></span>tos <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>esp<span class=\"_ _6\"></span>ecies <span class=\"_ _10\"></span>Globulus <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>Nitens<span class=\"_ _6\"></span>, </div><div class=\"t_1 m0_1 x71 h8 y325 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">utilizadas como <span class=\"_ _e\"></span>materia prima <span class=\"_ _e\"></span>en los <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>cesos productivos <span class=\"_ _e\"></span>de ENCE, <span class=\"_ _e\"></span>o bien, <span class=\"_ _e\"></span>para su <span class=\"_ _e\"></span>venta a <span class=\"_ _e\"></span>terceros. <span class=\"_ _1\"></span>En e<span class=\"_ _1\"></span>ste </div><div class=\"t_1 m0_1 x71 h8 y326 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sentido, <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>consideran <span class=\"_ _15\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>iol\u00f3gicos <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>vuelos <span class=\"_ _15\"></span>forestales. <span class=\"_ _15\"></span>Los <span class=\"_ _15\"></span>suelos <span class=\"_ _15\"></span>forestales<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>valoran<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>acuerdo </div><div class=\"t_1 m0_1 x71 h8 y327 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">con <span class=\"_ _e\"></span>la NIC <span class=\"_ _a\"></span>16<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>\u201cPropiedad<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>plan<span class=\"_ _6\"></span>ta <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>equipo\u201d y <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>regist<span class=\"_ _6\"></span><span class=\"ff4\">ran <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>icho <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Si<span class=\"_ _6\"></span>tuaci\u00f3n <span class=\"_ _1\"></span>Financiera </span></div><div class=\"t_1 m0_1 x71 h8 y328 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado (v<span class=\"_ _6\"></span>\u00e9ase Nota 3.3).<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y329 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _10\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>valora <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>activos <span class=\"_ _10\"></span>biol\u00f3gicos <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>producci\u00f3n, <span class=\"_ _0\"></span>deducidos <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>agotamiento </div><div class=\"t_1 m0_1 x71 h8 y32a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">forestal as\u00ed como, en s<span class=\"_ _6\"></span>u caso, las p<span class=\"_ _6\"></span>\u00e9rdidas por deterioro de v<span class=\"_ _6\"></span>alor. <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y32b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _15\"></span>inversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>patrimonio<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>forestal <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>valora <span class=\"_ _10\"></span>imputa<span class=\"_ _6\"></span>ndo <span class=\"_ _15\"></span>to<span class=\"_ _6\"></span>dos <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>costes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>directamente <span class=\"_ _10\"></span>incurridos <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la </div><div class=\"t_1 m0_1 x71 h8 y32c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">adquisici\u00f3n y <span class=\"_ _1\"></span>desarrollo de <span class=\"_ _e\"></span>\u00e9ste; alquileres, <span class=\"_ _1\"></span>limpieza y <span class=\"_ _e\"></span>preparaci\u00f3<span class=\"_ _6\"></span>n de <span class=\"_ _e\"></span>terrenos<span class=\"_ _6\"></span>, plantaciones, <span class=\"_ _1\"></span>fertilizaciones, </div><div class=\"t_1 m0_1 x71 h8 y32d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cuidado <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>servaci\u00f3n, <span class=\"_ _0\"></span>etc. <span class=\"_ _0\"></span>Asimismo<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>tratarse <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>necesitan <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>estar <span class=\"_ _0\"></span>en </div><div class=\"t_1 m0_1 x71 h8 y32e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">condiciones <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>uso<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>incorporan <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>mayo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financieros <span class=\"_ _15\"></span>devengados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>has<span class=\"_ _6\"></span>ta <span class=\"_ _6\"></span>el </div><div class=\"t_1 m0_1 x71 h8 y32f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">momento <span class=\"_ _18\"> </span>de  la <span class=\"_ _18\"> </span>corta,  po<span class=\"_ _6\"></span>r  l<span class=\"_ _6\"></span>a  p<span class=\"_ _6\"></span>arte  de <span class=\"_ _18\"> </span>la  inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _18\"> </span>que  s<span class=\"_ _6\"></span>e  cons<span class=\"_ _6\"></span>idera  finan<span class=\"_ _6\"></span>ciada <span class=\"_ _18\"> </span>con <span class=\"_ _18\"> </span>rec<span class=\"_ _6\"></span>urs<span class=\"_ _6\"></span>os  aj<span class=\"_ _6\"></span>enos </div><div class=\"t_1 m0_1 x71 h8 y330 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(actualmente <span class=\"_ _15\"></span>poco <span class=\"_ _10\"></span>representativ<span class=\"_ _6\"></span>a). <span class=\"_ _15\"></span>La <span class=\"_ _10\"></span>tasa <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inter\u00e9s <span class=\"_ _10\"></span>utilizada <span class=\"_ _15\"></span>es <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>tasa <span class=\"_ _15\"></span>media <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>Grupo </div><div class=\"t_1 m0_1 x71 h8 y331 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(v\u00e9ase Nota 28).  </div><div class=\"t_1 m0_1 x71 h8 y332 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los sumideros <span class=\"_ _e\"></span>de carbono <span class=\"_ _e\"></span>acreditados como <span class=\"_ _e\"></span>consecuencia de <span class=\"_ _e\"></span>la<span class=\"_ _6\"></span> ge<span class=\"_ _1\"></span>sti\u00f3n forestal <span class=\"_ _e\"></span>sostenible y <span class=\"_ _e\"></span>la conservaci\u00f3n </div><div class=\"t_1 m0_1 x71 h8 y333 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _15\"></span>ecosistemas <span class=\"_ _10\"></span>son <span class=\"_ _10\"></span>considerados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>un <span class=\"_ _10\"></span>producto <span class=\"_ _15\"></span>complement<span class=\"_ _6\"></span>ario <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>gesti\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>patrimo<span class=\"_ _6\"></span>nio <span class=\"_ _10\"></span>forestal, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>se </div><div class=\"t_1 m0_1 x71 h8 y334 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">valoran, <span class=\"_ _1\"></span>cuando <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>acredita<span class=\"_ _6\"></span>n, <span class=\"_ _e\"></span>por <span class=\"_ _1\"></span>su <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>razo<span class=\"_ _6\"></span>nable, <span class=\"_ _e\"></span>con <span class=\"ff6\">cargo <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>\u201cE<span class=\"_ _6\"></span>xistencias\u201d <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>abono <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>ep\u00edgrafe <span class=\"_ _e\"></span>\u201cOtro<span class=\"_ _6\"></span>s </span></div><div class=\"t_1 m0_1 x71 h8 y335 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">pasivos <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>corrientes<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _6\"></span><span class=\"ff6\">ingresos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>istribuir <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>varios <span class=\"_ _6\"></span>ejercicios\u201d. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>venta, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>cancela <span class=\"_ _6\"></span>el </span></div><div class=\"t_1 m0_1 x71 h8 y336 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">pasivo p<span class=\"_ _6\"></span>reviamente reconocido.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y319 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _10\"></span>tiempo <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>transcurre <span class=\"_ _0\"></span>desde <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>lleva <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>cabo <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lantaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>eucaliptal <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>pen\u00ednsula <span class=\"_ _0\"></span>ib\u00e9rica </div><div class=\"t_1 m0_1 x71 h8 y337 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">hasta <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _a\"></span>econ<span class=\"_ _6\"></span>\u00f3micamente <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>recomendable <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>destoconad<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>posterior <span class=\"_ _e\"></span>replan<span class=\"_ _6\"></span>taci\u00f3n <span class=\"_ _e\"></span>es <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>ariable <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>fun<span class=\"_ _6\"></span>ci\u00f3n<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w2_1 h3b gs35\"><div class=\"t_1 m0_1 x71 h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>especie. <span class=\"_ _6\"></span>As\u00ed, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>especie <span class=\"_ _6\"></span>Globulus<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>per\u00edodo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>aproximadam<span class=\"_ _6\"></span>ente 3<span class=\"_ _6\"></span>5<span class=\"_ _15\"></span>-40 <span class=\"_ _6\"></span>a\u00f1os <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u00e1rbol </div><div class=\"t_1 m0_1 x71 h8 y1d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">rebrota <span class=\"_ _0\"></span>tras <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>corta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _0\"></span>eficiente <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>menos <span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>eces <span class=\"_ _0\"></span>tras <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>aprovechamiento. <span class=\"_ _0\"></span>En<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>sentido, <span class=\"_ _0\"></span>los </div><div class=\"t_1 m0_1 x71 h8 y1d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">costes <span class=\"_ _0\"></span>incurridos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>acti<span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>biol\u00f3gicos <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>agrup<span class=\"_ _6\"></span>an <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>dos <span class=\"_ _0\"></span>categor\u00edas; <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>ciclo, </div><div class=\"t_1 m0_1 x71 h8 y338 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">categor\u00eda  que  incluy<span class=\"_ _6\"></span>e  los  co<span class=\"_ _6\"></span>stes  incurrid<span class=\"_ _6\"></span>os,  principalmente  aso<span class=\"_ _6\"></span>ciados  al  p<span class=\"_ _6\"></span>roceso  de  plantaci\u00f3n<span class=\"_ _6\"></span>  y  que </div><div class=\"t_1 m0_1 x71 h8 y339 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contribuir\u00e1n al <span class=\"_ _e\"></span>desarro<span class=\"_ _6\"></span>llo <span class=\"_ _1\"></span>del activo <span class=\"_ _e\"></span>biol\u00f3gico durante <span class=\"_ _e\"></span>el ciclo <span class=\"_ _1\"></span>completo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e 35-40 a\u00f1os, <span class=\"_ _e\"></span>y costes de <span class=\"_ _e\"></span>turno que </div><div class=\"t_1 m0_1 x71 h8 y33a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">son <span class=\"_ _6\"></span>aquellos qu<span class=\"_ _6\"></span>e contribuyen al <span class=\"_ _6\"></span>desarrollo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los activos <span class=\"_ _6\"></span>biol\u00f3gicos en <span class=\"_ _6\"></span>el turn<span class=\"_ _6\"></span>o en qu<span class=\"_ _6\"></span>e se encuentra<span class=\"_ _6\"></span>n has<span class=\"_ _6\"></span>ta </div><div class=\"t_1 m0_1 x71 h8 y33b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>aprovechamiento<span class=\"_ _6\"></span>-corta. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>especie <span class=\"_ _0\"></span>Nitens <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>periodos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>turno <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ciclo </div><div class=\"t_1 m0_1 x71 h8 y33c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">coinciden <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>rango <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>11<span class=\"_ _6\"></span>-15 <span class=\"_ _11\"></span>a\u00f1os, <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>produ<span class=\"_ _6\"></span>cirse <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>rebro<span class=\"_ _6\"></span>te <span class=\"_ _0\"></span>eficiente, <span class=\"_ _11\"> </span>por <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>todos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>costes </div><div class=\"t_1 m0_1 x71 h8 y33d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">considerados en<span class=\"_ _6\"></span> su desarrollo son co<span class=\"_ _6\"></span>nsiderados costes<span class=\"_ _6\"></span> de turno. <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2c2 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>momento <span class=\"_ _e\"></span>de la <span class=\"_ _e\"></span>recolec<span class=\"_ _6\"></span>ci\u00f3n del <span class=\"_ _e\"></span>vuelo forestal <span class=\"_ _e\"></span>se reduce <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>activo a <span class=\"_ _e\"></span>trav\u00e9s de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _1\"></span>\u201cActivos </div><div class=\"t_1 m0_1 x71 h8 y2c3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">biol\u00f3gicos <span class=\"_ _15\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _15\"></span><span class=\"ff6\">agotamiento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>reserva <span class=\"_ _15\"></span>forestal\u201d <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ce <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>gasto <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cAgotamiento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la </span></div><div class=\"t_1 m0_1 x71 h8 y33e ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reserva forestal\u201d del Estado <span class=\"_ _1\"></span>de Result<span class=\"ff4\">ado consolidado por el coste incurrido en<span class=\"_ _1\"></span> su producci\u00f3n. La <span class=\"_ _1\"></span>cuant\u00eda de </span></div><div class=\"t_1 m0_1 x71 h8 y33f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dicha <span class=\"_ _e\"></span>redu<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>corresponde <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>100% <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los costes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>turn<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>incurrid<span class=\"_ _6\"></span>os, <span class=\"_ _e\"></span>as\u00ed <span class=\"_ _1\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>parte <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>roporcional </div><div class=\"t_1 m0_1 x71 h8 y260 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>costes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ciclo, <span class=\"_ _15\"></span>estimada <span class=\"_ _15\"></span>considerando <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>n\u00famero <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>turnos <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>revistos <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ciclo. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _15\"></span>cuando </div><div class=\"t_1 m0_1 x71 h8 y340 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el <span class=\"_ _0\"></span>vuelo <span class=\"_ _11\"></span>forestal <span class=\"_ _0\"></span>llega <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>final <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>ciclo <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>ductivo <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>baja <span class=\"_ _11\"> </span>\u00edntegramente <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>val<span class=\"_ _6\"></span>or <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>su </div><div class=\"t_1 m0_1 x71 h8 y341 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">agotamiento forestal acumula<span class=\"_ _6\"></span>do.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y263 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">No existe un mercado a<span class=\"_ _6\"></span>ctivo del Eucalipto en E<span class=\"_ _6\"></span>spa\u00f1a, y las caracter\u00edsticas de las<span class=\"_ _6\"></span> transacciones que s<span class=\"_ _6\"></span>e llevan </div><div class=\"t_1 m0_1 x71 h8 y264 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a  cabo  no <span class=\"_ _12\"> </span>h<span class=\"_ _6\"></span>an  permitido  hasta  la<span class=\"_ _1\"></span>  fecha  identificar  ref<span class=\"_ _1\"></span>erencias  de  precio  de  mercado  v\u00e1lidas  para <span class=\"_ _12\"> </span>su </div><div class=\"t_1 m0_1 x71 h8 y342 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">extrapolaci\u00f3n <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>patrimonio <span class=\"_ _15\"></span>forestal <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE. <span class=\"_ _15\"></span>Por <span class=\"_ _6\"></span>otra <span class=\"_ _6\"></span>parte, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>aplicaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>m\u00e9todos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>alternativos <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue </div><div class=\"t_1 m0_1 x71 h8 y343 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">plantea <span class=\"_ _12\"> </span>NIIF  13 <span class=\"_ _11\"> </span>para  determ<span class=\"_ _1\"></span>inar <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>valo<span class=\"_ _6\"></span>r <span class=\"_ _12\"> </span>razonable, <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>ha <span class=\"_ _12\"> </span>permitido  cuantificar <span class=\"_ _11\"> </span>con  fiabilidad <span class=\"_ _11\"> </span>el  valor<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x71 h8 y344 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">razonable <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>biol\u00f3gicos, <span class=\"_ _11\"></span>debido <span class=\"_ _0\"></span>entre <span class=\"_ _11\"></span>otros <span class=\"_ _0\"></span>factores, <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _11\"></span>asunciones <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>estim<span class=\"_ _6\"></span>aciones <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>se </div><div class=\"t_1 m0_1 x71 h8 y197 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">deben llevar a <span class=\"_ _6\"></span>cabo y al impac<span class=\"_ _6\"></span>to que las<span class=\"_ _6\"></span> mismas tien<span class=\"_ _6\"></span>en en los<span class=\"_ _6\"></span> resultados d<span class=\"_ _6\"></span>e la cuantificac<span class=\"_ _6\"></span>i\u00f3n. Por todo ello,<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y345 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el Grupo no valo<span class=\"_ _6\"></span>ra sus activos biol\u00f3<span class=\"_ _6\"></span>gicos a valor ra<span class=\"_ _6\"></span>zonable.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y346 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE ha desarrollado un modelo de valoraci\u00f3n de su patrimonio forestal a partir del <span class=\"_ _1\"></span>descuento de los flujos </div><div class=\"t_1 m0_1 x71 h8 y347 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">futuros <span class=\"_ _10\"></span>previstos, <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _10\"></span>considerad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>lo <span class=\"_ _15\"></span>suficientemente <span class=\"_ _15\"></span>fiabl<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>ser <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>tilizado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>valoraci\u00f3n <span class=\"_ _10\"></span>a </div><div class=\"t_1 m0_1 x71 h8 y2df ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">valor razonable <span class=\"_ _1\"></span>de los<span class=\"_ _1\"></span> activos <span class=\"_ _e\"></span>biol\u00f3gico<span class=\"_ _6\"></span>s, si <span class=\"_ _e\"></span>b<span class=\"_ _6\"></span>ien, su <span class=\"_ _e\"></span>utilizaci\u00f3n consistente en <span class=\"_ _e\"></span>el tiempo <span class=\"_ _1\"></span>s\u00ed <span class=\"_ _1\"></span>permite <span class=\"_ _1\"></span>identificar<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y348 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">rangos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>tendencias<span class=\"_ _6\"></span> qu<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>e tienen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>consideraci\u00f3n <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>evalu<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>existencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>posibles <span class=\"_ _10\"></span>ind<span class=\"_ _6\"></span>icios <span class=\"_ _6\"></span>de </div><div class=\"t_1 m0_1 x71 h8 y349 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">deterioro de valor en los<span class=\"_ _6\"></span> activos b<span class=\"_ _6\"></span>iol\u00f3gicos.<span class=\"_ _33\"> </span></div><div class=\"t_1 m0_1 x71 h8 y34a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _17\"> </span>valor <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>libros <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>activos <span class=\"_ _17\"> </span>biol\u00f3gicos <span class=\"_ _17\"> </span>recogido<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>las <span class=\"_ _17\"> </span>cuentas <span class=\"_ _17\"> </span>an<span class=\"_ _6\"></span>uales <span class=\"_ _17\"> </span>consolidadas <span class=\"_ _1c\"> </span>de <span class=\"_ _1e\"> </span>ENCE </div><div class=\"t_1 m0_1 x71 h8 y7b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">correspondientes <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>ejercicio <span class=\"_ _0\"></span>2024 <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>difiere <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ignificativa <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>razo<span class=\"_ _6\"></span>nable <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>resultar\u00eda <span class=\"_ _0\"></span>del </div><div class=\"t_1 m0_1 x71 h8 y34b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ejercicio de valoraci\u00f3n realizado a partir del descuento de flujos futuros previstos, siguiendo la metodolog\u00eda </div><div class=\"t_1 m0_1 x71 h8 y34c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">descrita en la Nota<span class=\"_ _6\"></span> 3.5, y co<span class=\"_ _6\"></span>nsid<span class=\"_ _6\"></span>erando precios d<span class=\"_ _6\"></span>e venta d<span class=\"_ _6\"></span>e la madera a<span class=\"_ _15\"></span>lineado<span class=\"_ _6\"></span>s con los p<span class=\"_ _6\"></span>recios actuales d<span class=\"_ _6\"></span>e </div><div class=\"t_1 m0_1 x71 h8 y34d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">venta en <span class=\"_ _6\"></span>el cas<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>madera q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>tiene como <span class=\"_ _6\"></span>destino <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>venta <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>terceros, y <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>precio<span class=\"_ _15\"></span>s d<span class=\"_ _6\"></span>e compra <span class=\"_ _6\"></span>de las </div><div class=\"t_1 m0_1 x71 h8 y34e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">plantas d<span class=\"_ _6\"></span>e producci\u00f3n de celulosa en el cas<span class=\"_ _6\"></span>o de madera del pat<span class=\"_ _6\"></span>rimonio forestal con ese des<span class=\"_ _6\"></span>tino.<span class=\"_ _15\"></span> </div><div class=\"t_1 m0_1 x71 h46 y34f ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">3.5<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Deterioro de valo<span class=\"_ _1\"></span>r de activo<span class=\"_ _1\"></span>s no financieros </span></div><div class=\"t_1 m0_1 x71 h8 y350 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>ENCE <span class=\"_ _6\"></span>revisa, <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>ejercicio, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sus <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>financieros, </div><div class=\"t_1 m0_1 x71 h8 y351 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">entre los <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se incluy<span class=\"_ _6\"></span>en los <span class=\"_ _6\"></span>activos<span class=\"_ _6\"></span> materiales, <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos po<span class=\"_ _6\"></span>r derecho <span class=\"_ _6\"></span>de us<span class=\"_ _6\"></span>o, el <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>de comercio <span class=\"_ _6\"></span>junto </div><div class=\"t_1 m0_1 x71 h8 y352 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>inta<span class=\"_ _6\"></span>ngibles, <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span><span class=\"ff6\">activos <span class=\"_ _10\"></span>biol\u00f3gicos, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>\u201cInversiones <span class=\"_ _10\"></span>contabilizadas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>m\u00e9todo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la </span></div><div class=\"t_1 m0_1 x71 h8 y353 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">participaci\u00f3n\u201d <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>determinar <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _15\"></span>existe <span class=\"_ _15\"></span>alg\u00fan <span class=\"_ _15\"></span>indicio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>dichos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>hayan <span class=\"_ _15\"></span>sufrido <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _15\"></span>p\u00e9rdida <span class=\"_ _15\"></span>por </div><div class=\"t_1 m0_1 x71 h8 y354 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">deterioro, y <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or tanto <span class=\"_ _e\"></span>el valor <span class=\"_ _1\"></span>que se <span class=\"_ _e\"></span>esp<span class=\"_ _6\"></span>era recuperar <span class=\"_ _e\"></span>de su uso <span class=\"_ _e\"></span>o dispos<span class=\"_ _6\"></span>ici\u00f3n es <span class=\"_ _1\"></span>inferior <span class=\"_ _1\"></span>a su <span class=\"_ _1\"></span>valor e<span class=\"_ _1\"></span>n libros.<span class=\"_ _33\"> </span><span class=\"_ _1\"></span>  </div><div class=\"t_1 m0_1 x71 h8 y355 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _18\"> </span>utiliza<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>tanto <span class=\"_ _1e\"> </span>fuentes <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>informaci\u00f3n <span class=\"_ _18\"> </span>internas<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>co<span class=\"_ _6\"></span>mo <span class=\"_ _18\"> </span>externas <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _18\"> </span>evaluar <span class=\"_ _1e\"> </span>posibles <span class=\"_ _18\"> </span>in<span class=\"_ _6\"></span>dicios <span class=\"_ _18\"> </span>de </div><div class=\"t_1 m0_1 x71 h8 y356 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">deterioro. <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>ntre <span class=\"_ _1a\"> </span>las  f<span class=\"_ _1\"></span>uentes <span class=\"_ _12\"> </span>externas<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>cons<span class=\"_ _6\"></span>ideran  di<span class=\"_ _1\"></span>sminuciones  del <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>de  mercado <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>siderando </div><div class=\"t_1 m0_1 x71 h8 y357 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">transacciones comparables, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>evoluci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>a futuro <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>celulosa <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _1\"></span>renovab<span class=\"_ _6\"></span>le, <span class=\"_ _e\"></span>posibles </div><div class=\"t_1 m0_1 x71 h8 y358 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cambios <span class=\"_ _6\"></span>futu<span class=\"_ _6\"></span>ros <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>versos <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>entorno <span class=\"_ _15\"></span>legal, <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>con\u00f3mico <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tecno<span class=\"_ _6\"></span>l\u00f3gico <span class=\"_ _6\"></span>que<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>pud<span class=\"_ _6\"></span>ieran <span class=\"_ _6\"></span>pon<span class=\"_ _6\"></span>er <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>manifiesto </div><div class=\"t_1 m0_1 x71 h8 y359 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">una <span class=\"_ _11\"></span>p\u00e9rdida <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>valor <span class=\"_ _11\"> </span>recuperable <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _11\"> </span>activos, <span class=\"_ _11\"></span>mermas <span class=\"_ _0\"></span>sob<span class=\"_ _6\"></span>revenidas <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>producci\u00f3n <span class=\"_ _11\"></span>esperada <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>u<span class=\"_ _15\"></span><span class=\"ls14\">e<span class=\"_ _33\"> </span></span><span class=\"ls14\"> </span></div></div>persistan en el tiem<span class=\"_ _1\"></span>po, o la ev<span class=\"_ _1\"></span>oluci\u00f3n de variables macroecon\u00f3micas somo la inflaci\u00f3n <span class=\"_ _1\"></span>y los tipos <span class=\"_ _1\"></span>de inter\u00e9s. Por su parte, internamente s<span class=\"_ _6\"></span>e eval\u00faa si se ha produ<span class=\"_ _6\"></span>cido un deterioro f\u00edsico u obs<span class=\"_ _6\"></span>olescencia de los activ<span class=\"_ _6\"></span>os, o si el rendimiento del activo es<span class=\"_ _6\"></span> peor<span class=\"_ _6\"></span> de lo esperado<span class=\"_ _6\"></span>. En <span class=\"_ _12\"> </span>caso <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>existir <span class=\"_ _12\"> </span>indicios <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>deterioro,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>ll<span class=\"_ _6\"></span>eva <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cabo <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>na <span class=\"_ _12\"> </span>estimaci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>importe <span class=\"_ _12\"> </span>recuperable, <span class=\"_ _12\"> </span>para<span class=\"_ _6\"></span> determinar, en <span class=\"_ _e\"></span>su caso, <span class=\"_ _e\"></span>el importe <span class=\"_ _e\"></span>del deterioro. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _1\"></span>importe recuperable <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>mayor <span class=\"_ _1\"></span>entre el <span class=\"_ _e\"></span>valor razonable minorado p<span class=\"_ _6\"></span>or el <span class=\"_ _6\"></span>coste de su <span class=\"_ _6\"></span>venta y<span class=\"_ _6\"></span> el valo<span class=\"_ _6\"></span><span class=\"ff6\">r <span class=\"_ _6\"></span>\u201cen us<span class=\"_ _6\"></span>o\u201d. En el caso<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los fondos <span class=\"_ _6\"></span>de comercio <span class=\"_ _6\"></span>ENCE realiza <span class=\"_ _6\"></span>de </span>forma sistem\u00e1tica el an<span class=\"_ _6\"></span>\u00e1lisis de recuperabilidad al m<span class=\"_ _6\"></span>enos anualmente.<span class=\"_ _15\"></span> Los <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>\u201cen <span class=\"_ _15\"></span>uso\u201d se <span class=\"_ _6\"></span>determinan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>Unidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Generadora <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Efectivo <span class=\"_ _6\"></span>(UGE). <span class=\"_ _6\"></span>El <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>comercio adquirido en una <span class=\"_ _6\"></span>combinaci\u00f3n de negocios se distrib<span class=\"_ _6\"></span>uye entre cada una de las UGE que se benefician de las sinergias <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>combin<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>negoc<span class=\"_ _6\"></span>ios. <span class=\"_ _15\"></span>Con <span class=\"_ _15\"></span>ca<span class=\"_ _6\"></span>r\u00e1ct<span class=\"_ _6\"></span>er <span class=\"_ _15\"></span>general, <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>una <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaci<span class=\"_ _6\"></span>ones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el Grupo desarrolla s<span class=\"_ _6\"></span>u actividad es una <span class=\"_ _6\"></span>UGE.<span class=\"_ _33\"> </span>Para determinar el valor en u<span class=\"_ _6\"></span>so de los a<span class=\"_ _6\"></span>ctivos sometidos a test d<span class=\"_ _6\"></span>e deterioro, se estima el <span class=\"_ _6\"></span>valor actual d<span class=\"_ _6\"></span>e los flujos <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>etos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>caja <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>riginados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>UGE <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>aso<span class=\"_ _6\"></span>cian <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mismos, <span class=\"_ _15\"></span>exceptuan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>aq<span class=\"_ _6\"></span>uellos <span class=\"_ _6\"></span>flujos relacionados <span class=\"_ _11\"> </span>con <span class=\"_ _11\"> </span>pago<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>o <span class=\"_ _11\"> </span>cobros <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>oper<span class=\"_ _6\"></span>aciones <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>pago<span class=\"_ _6\"></span>s <span class=\"_ _11\"></span>por <span class=\"_ _11\"></span>el <span class=\"_ _11\"></span>impuesto <span class=\"_ _11\"></span>sobre <span class=\"_ _11\"> </span>los beneficios, as\u00ed como aqu<span class=\"_ _6\"></span>\u00e9llos que se deriven d<span class=\"_ _6\"></span>e mejoras o reformas futura<span class=\"_ _6\"></span>s previstas<span class=\"_ _6\"></span> para los activ<span class=\"_ _6\"></span>os de las citadas un<span class=\"_ _6\"></span>idades generadoras d<span class=\"_ _6\"></span>e efectivo.  Los <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>caja <span class=\"_ _15\"></span>estimados <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>obtienen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>yecciones <span class=\"_ _6\"></span>realizadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Direcci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cad<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> UGE, que en ge<span class=\"_ _1\"></span>neral utilizan periodos de 3-5 a\u00f1os, excepto cuando las caracter\u00edsticas del negocio <span class=\"_ _1\"></span>aconsejan periodos <span class=\"_ _15\"></span>superiores. <span class=\"_ _6\"></span>Las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tasas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>crecim<span class=\"_ _6\"></span>iento <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>var<span class=\"_ _6\"></span>iaciones <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>precios <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>costes <span class=\"_ _6\"></span>directos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>bas<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los compromisos contractuales <span class=\"_ _e\"></span>firmes, la <span class=\"_ _e\"></span>informaci\u00f3n p\u00fablica <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>isponible, as\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>previsiones sectoriales<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>experiencia <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>ENCE. <span class=\"_ _e\"></span>Adici<span class=\"_ _6\"></span>onalmente, <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>realizan <span class=\"_ _1\"></span>an\u00e1lisis <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>sens<span class=\"_ _6\"></span>ibilidad<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>relaci\u00f3n <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>crecimientos de <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>gresos, <span class=\"_ _11\"> </span>m\u00e1rgenes <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>explotaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>tasas <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>des<span class=\"_ _6\"></span>cuento, <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>fin <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>prever <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>impacto <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>futu<span class=\"_ _6\"></span>ros cambios en estas<span class=\"_ _6\"></span> variables (v<span class=\"_ _6\"></span>\u00e9ase Nota 19).  En <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>lantas de <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e ener<span class=\"_ _6\"></span>g\u00eda <span class=\"_ _6\"></span>renovable <span class=\"_ _6\"></span>encuadra<span class=\"_ _6\"></span>das <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ENCE<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Renovables, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>que se <span class=\"_ _e\"></span>puede <span class=\"_ _e\"></span>prever <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>cierto <span class=\"_ _e\"></span>gra<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>fiab<span class=\"_ _6\"></span>ilidad <span class=\"_ _e\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>flujos <span class=\"_ _e\"></span>tanto <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>fase <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>cons<span class=\"_ _6\"></span>trucci\u00f3n <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>explotaci\u00f3n (activos <span class=\"_ _18\"> </span>con  producci\u00f3n <span class=\"_ _18\"> </span>estable,  amplias<span class=\"_ _6\"></span>  s<span class=\"_ _6\"></span>eries  hist\u00f3<span class=\"_ _6\"></span>ricas  en <span class=\"_ _18\"> </span>la  informaci\u00f3n <span class=\"_ _18\"> </span>de  mercado <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>costes  de explotaci\u00f3n con<span class=\"_ _6\"></span> po<span class=\"_ _6\"></span>ca volat<span class=\"_ _6\"></span>ilidad), s<span class=\"_ _6\"></span>e realiza <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>proyecci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los flujo<span class=\"_ _6\"></span>s de <span class=\"_ _6\"></span>caj<span class=\"_ _15\"></span>a esp<span class=\"_ _6\"></span>erados <span class=\"_ _6\"></span>hasta<span class=\"_ _6\"></span> el <span class=\"_ _6\"></span>final de la vida <span class=\"_ _1\"></span>\u00fatil regulatoria <span class=\"_ _1\"></span>de cada planta, <span class=\"_ _1\"></span>y el <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r residual <span class=\"_ _1\"></span>no es significativo. <span class=\"_ _1\"></span>Por su <span class=\"_ _1\"></span>parte, las <span class=\"_ _1\"></span>proyecciones de flujos de caja esperados en ac<span class=\"_ _e\"></span>tiv<span class=\"_ _6\"></span>os biol\u00f3gicos abarcan un ciclo productivo que <span class=\"_ _1\"></span>puede alcanzar hasta 40 <span class=\"_ _1\"></span>a\u00f1os e <span class=\"ls0_1\">igualmente no s<span class=\"_ _6\"></span>e considera v<span class=\"_ _6\"></span>alor residual.<span class=\"_ _6\"></span> </span>Para <span class=\"_ _6\"></span>actualiz<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>flujos <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>efectivo <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>utiliza <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>tasa <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>descuento <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>incluye <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>evaluacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>actuales<span class=\"_ _6\"></span> del mercado sob<span class=\"_ _6\"></span>re el valor temporal del dinero y<span class=\"_ _6\"></span> los riesgos<span class=\"_ _6\"></span> espec\u00edficos de cada UGE.<span class=\"_ _33\"> </span>Si se <span class=\"_ _6\"></span>estima qu<span class=\"_ _6\"></span>e el importe <span class=\"_ _6\"></span>recuperable d<span class=\"_ _6\"></span>e un <span class=\"_ _6\"></span>activo es in<span class=\"_ _6\"></span>ferior a <span class=\"_ _6\"></span>su valor <span class=\"_ _6\"></span>en libros, \u00e9ste \u00fa<span class=\"_ _6\"></span>ltimo se <span class=\"_ _6\"></span>reduce a su <span class=\"_ _1e\"> </span>importe <span class=\"_ _1e\"> </span>recuperabl<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>reco<span class=\"_ _6\"></span>nociendo <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>minoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1e\"> </span>correspond<span class=\"_ _6\"></span>iente <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>tr<span class=\"_ _6\"></span>av\u00e9s <span class=\"_ _1e\"> </span>del <span class=\"_ _1e\"> </span>ep\u00edgraf<span class=\"_ _6\"></span>e \u201cDeterioros <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>resultados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>enajenaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inmovilizado\u201d <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Resultad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span><span class=\"ff4\">consolidad<span class=\"_ _6\"></span>o<span class=\"ls16\">. </span></span>Las p\u00e9rdidas<span class=\"_ _6\"></span> por deterioro son rev<span class=\"_ _6\"></span>ersibles, excepto las corres<span class=\"_ _6\"></span>pondientes a lo<span class=\"_ _6\"></span>s fondos de comercio.<span class=\"_ _15\"></span> Cuando <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _10\"></span>revierte <span class=\"_ _0\"></span>posteriormente, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>i<span class=\"_ _6\"></span>mporte <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>libros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>UGE <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>incrementa <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la estimaci\u00f3n revisada de su importe recuperable, pero de tal modo que <span class=\"_ _1\"></span>el importe en libros incrementado no supere <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>importe <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>libros <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>habr\u00eda <span class=\"_ _11\"></span>determinad<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>no <span class=\"_ _11\"> </span>haberse <span class=\"_ _11\"> </span>reconocido <span class=\"_ _11\"> </span>ninguna <span class=\"_ _11\"> </span>p\u00e9rdid<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>por<span class=\"_ _1\"></span> deterioro de valor par<span class=\"_ _6\"></span>a la UGE en ejercicios a<span class=\"_ _6\"></span>nteriores.<span class=\"_ _33\"> </span>3.6<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Arrendamientos </span>ENCE <span class=\"_ _15\"></span>act\u00faa <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>arrendat<span class=\"_ _6\"></span>ario <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>cesionario <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>eterminados <span class=\"_ _15\"></span>activos, <span class=\"_ _15\"></span>principa<span class=\"_ _6\"></span>lmente <span class=\"_ _15\"></span>suelo <span class=\"_ _15\"></span>industrial <span class=\"_ _15\"></span>y forestal, <span class=\"_ _10\"></span>equipamiento <span class=\"_ _10\"></span>industrial <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>veh\u00edculos<span class=\"_ _6\"></span>. <span class=\"_ _15\"></span>Un <span class=\"_ _10\"></span>contrato <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>tiene <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>arrendamiento, <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>ando <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>tiene <span class=\"_ _10\"></span>el derecho a dirigir el uso d<span class=\"_ _6\"></span>e un activo p<span class=\"_ _6\"></span>or un pe<span class=\"_ _6\"></span>riodo de tiemp<span class=\"_ _6\"></span>o a cambio de un<span class=\"_ _6\"></span>a contraprestaci\u00f3n.<span class=\"_ _6\"></span> Los <span class=\"_ _10\"></span>arrendamientos <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>recon<span class=\"_ _6\"></span>ocen <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>icio <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>arrendamie<span class=\"_ _6\"></span>nto, <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>activo <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>derecho <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>so <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el correspondiente pas<span class=\"_ _6\"></span>ivo por el valor pres<span class=\"_ _6\"></span>ente de las cuotas<span class=\"_ _6\"></span> de arrendamiento pendientes<span class=\"_ _6\"></span> de pago. <span class=\"_ _15\"></span> En <span class=\"_ _1c\"> </span>la <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>eterminaci\u00f3n <span class=\"_ _1c\"> </span>del <span class=\"_ _17\"> </span>plazo <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>arrendamiento, <span class=\"_ _1c\"> </span>se <span class=\"_ _17\"> </span>con<span class=\"_ _6\"></span>sidera <span class=\"_ _1c\"> </span>la <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>uraci\u00f3n <span class=\"_ _1c\"> </span>inicial <span class=\"_ _17\"> </span>del <span class=\"_ _1c\"> </span>contrato <span class=\"_ _1c\"> </span>de arrendamiento, as\u00ed como <span class=\"_ _1\"></span>las pr\u00f3rrogas que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e e<span class=\"_ _1\"></span>spera razonablemente que <span class=\"_ _1\"></span>se van <span class=\"_ _1\"></span>a producir <span class=\"_ _1\"></span>y cuyo <span class=\"_ _1\"></span>ejercicio es discrecional para <span class=\"_ _6\"></span>ENCE.  En <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>determinaci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>asivo <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>erecho <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>presente <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>cuotas <span class=\"_ _12\"> </span>de arrendamiento <span class=\"_ _e\"></span>pend<span class=\"_ _6\"></span>ientes <span class=\"_ _e\"></span>de pago, <span class=\"_ _e\"></span>menos <span class=\"_ _1\"></span>cualquier <span class=\"_ _e\"></span>incenti<span class=\"_ _6\"></span>vo <span class=\"_ _1\"></span>recibido <span class=\"_ _e\"></span>por e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>arrendami<span class=\"_ _6\"></span>ento, m<span class=\"_ _1\"></span>\u00e1s <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>pagos variables que dependen <span class=\"_ _e\"></span>de un \u00edndice o <span class=\"_ _e\"></span>tas<span class=\"_ _6\"></span>a, los <span class=\"_ _1\"></span>impo<span class=\"_ _6\"></span>rtes que se <span class=\"_ _1\"></span>espera pagar <span class=\"_ _1\"></span>por garant\u00eda de <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>alor residual, el  precio  de  la <span class=\"_ _12\"> </span>op<span class=\"_ _6\"></span>ci\u00f3n  de  compra  si  se  prev\u00e9  que <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e  ejerci<span class=\"_ _1\"></span>tar\u00e1  y  los  pagos  por  indemnizaciones  por cancelaci\u00f3n  de <span class=\"_ _18\"> </span>contrato,  sie<span class=\"_ _6\"></span>mpre  que  el  p<span class=\"_ _6\"></span>lazo  d<span class=\"_ _6\"></span>e  arrendamiento <span class=\"_ _18\"> </span>refleje  el  ej<span class=\"_ _6\"></span>ercicio  d<span class=\"_ _6\"></span>e  la  opci\u00f3n <span class=\"_ _18\"> </span>d<span class=\"_ _15\"></span><span class=\"ls15\">e </span>cancelaci\u00f3n. <span class=\"_ _6\"></span>Los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>agos <span class=\"_ _6\"></span>variables <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>cluido <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inicial <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>pas<span class=\"_ _6\"></span>ivo, s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reconocen <span class=\"_ _6\"></span>en<span class=\"_ _6\"></span> resultados <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>ejercicio <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>devengo. <span class=\"_ _11\"> </span>La<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>cuotas <span class=\"_ _11\"> </span>son <span class=\"_ _11\"> </span>actualizadas<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>considerando <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>tasa <span class=\"_ _11\"></span>incremental <span class=\"_ _11\"></span>de endeudamiento <span class=\"_ _6\"></span>estimad<span class=\"_ _6\"></span>a, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>tend<span class=\"_ _6\"></span>r\u00eda <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>pagar <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>arrendatario <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>arrendamiento <span class=\"_ _6\"></span>por un pr\u00e9stamo s<span class=\"_ _6\"></span>imilar en cuanto a impo<span class=\"_ _6\"></span>rte, plazo y gara<span class=\"_ _6\"></span>nt\u00edas. <span class=\"_ _6\"></span> Tras <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>reconocim<span class=\"_ _6\"></span>iento <span class=\"_ _10\"></span>inicial, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _10\"></span>valora <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>pasivo <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>arrendamiento <span class=\"_ _10\"></span>increment\u00e1<span class=\"_ _6\"></span>ndolo <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>gasto financiero <span class=\"_ _11\"> </span>devengado, <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>isminuy\u00e9ndolo <span class=\"_ _11\"> </span>po<span class=\"_ _6\"></span>r <span class=\"_ _0\"></span>los <span class=\"_ _11\"> </span>pago<span class=\"_ _6\"></span>s <span class=\"_ _11\"></span>realizados <span class=\"_ _11\"></span>y <span class=\"_ _11\"></span>reestimando <span class=\"_ _11\"></span>el <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _11\"> </span>por <span class=\"_ _11\"></span>las modificaciones del arrend<span class=\"_ _6\"></span>amiento o p<span class=\"_ _6\"></span>ara reflejar las actualizacion<span class=\"_ _6\"></span>es de los pago<span class=\"_ _6\"></span>s fijos.<span class=\"_ _6\"></span> Por su<span class=\"_ _6\"></span> parte, <span class=\"_ _6\"></span>el activ<span class=\"_ _6\"></span>o por <span class=\"_ _6\"></span>el derecho d<span class=\"_ _6\"></span>e uso <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>valora <span class=\"_ _6\"></span>inicialmente al <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>resultante <span class=\"_ _6\"></span>de a<span class=\"_ _6\"></span>\u00f1adir <span class=\"_ _6\"></span>al valo<span class=\"_ _6\"></span>r del pasivo <span class=\"_ _6\"></span>por arrendamiento,<span class=\"_ _6\"></span> los p<span class=\"_ _6\"></span>agos <span class=\"_ _6\"></span>de incentivo<span class=\"_ _6\"></span>s liquidados <span class=\"_ _6\"></span>antes <span class=\"_ _6\"></span>del in<span class=\"_ _6\"></span>icio del <span class=\"_ _6\"></span>arrendamiento, los <span class=\"_ _6\"></span>costes directos <span class=\"_ _1e\"> </span>incurridos <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _18\"> </span>arrendamie<span class=\"_ _6\"></span>nto, <span class=\"_ _1e\"> </span>y <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>caso, <span class=\"_ _18\"> </span>la <span class=\"_ _1e\"> </span>estimaci\u00f3n <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>los <span class=\"_ _1e\"> </span>costes <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>incurrir <span class=\"_ _1e\"> </span>en <span class=\"_ _18\"> </span>el desmantelamiento <span class=\"_ _19\"> </span>del <span class=\"_ _1c\"> </span>act<span class=\"_ _6\"></span>ivo <span class=\"_ _1b\"> </span>(coste <span class=\"_ _19\"> </span>inicial). <span class=\"_ _1b\"> </span>Posteriormente, <span class=\"_ _19\"> </span>se <span class=\"_ _1b\"> </span>registra <span class=\"_ _1b\"> </span>al <span class=\"_ _1b\"> </span>valor <span class=\"_ _1b\"> </span>inicial, <span class=\"_ _1b\"> </span>menos<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span>la amortizaci\u00f3n <span class=\"_ _11\"> </span>acumulada <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>cualq<span class=\"_ _6\"></span>uier <span class=\"_ _11\"> </span>p\u00e9rdida <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>deterior<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>valor <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>acuerdo <span class=\"_ _11\"> </span>con <span class=\"_ _11\"> </span>NIC<span class=\"_ _15\"></span>-<span class=\"lse\">16</span>- <span class=\"_ _11\"> </span><span class=\"ls17\">Pro</span>piedad, planta y equ<span class=\"_ _6\"></span>ipo (v\u00e9anse Notas 3.2 y 3.5). <span class=\"_ _6\"></span> En la determinaci\u00f3n del gasto por amortizaci\u00f3n, los activos por <span class=\"_ _1\"></span>derechos de uso se amortizar\u00e1n linealmente en <span class=\"_ _15\"></span>su <span class=\"_ _10\"></span>vida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _10\"></span>estimada, <span class=\"_ _15\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>bien, <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>arrendami<span class=\"_ _6\"></span>ento, <span class=\"_ _15\"></span>si <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>\u00faltimo <span class=\"_ _10\"></span>es <span class=\"_ _15\"></span>menor. <span class=\"_ _10\"></span>Si <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>nsfiere <span class=\"_ _15\"></span>la propiedad <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>arrendatario <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>pr\u00e1cticam<span class=\"_ _6\"></span>ente <span class=\"_ _6\"></span>cierto <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>arrend<span class=\"_ _6\"></span>atario <span class=\"_ _6\"></span>ejercitar\u00e1 <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>op<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>compra, <span class=\"_ _6\"></span>se amortizar\u00e1 duran<span class=\"_ _6\"></span>te la vida \u00fatil del activo.<span class=\"_ _6\"></span> Los <span class=\"_ _6\"></span>pagos <span class=\"_ _6\"></span>asociados <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>arrendamientos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>corto p<span class=\"_ _6\"></span>lazo (inferiores <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>12 <span class=\"_ _6\"></span>meses) <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>ar<span class=\"_ _6\"></span>rendamientos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>activos de  escaso  v<span class=\"_ _6\"></span>alor  se  reconocen  d<span class=\"_ _6\"></span>irectamente  como  un<span class=\"_ _6\"></span>  gasto<span class=\"_ _6\"></span>  en  resultad<span class=\"_ _6\"></span>os  de  acuerdo  a <span class=\"_ _18\"> </span>su  devengo. Asimismo, las rentas<span class=\"_ _6\"></span> contingentes<span class=\"_ _6\"></span> sujetas a<span class=\"_ _6\"></span> la ocurrenci<span class=\"_ _6\"></span>a de u<span class=\"_ _6\"></span>n evento espec\u00ed<span class=\"_ _6\"></span>fico y las c<span class=\"_ _6\"></span>uotas var<span class=\"_ _6\"></span>iables que dependen de los ingresos o de<span class=\"_ _1\"></span>l uso del activo subyacente, residuales en<span class=\"_ _33\"> </span>los contratos sus<span class=\"_ _1\"></span>critos por ENCE, se registran <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>incurren,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgra<span class=\"_ _6\"></span>fe <span class=\"_ _10\"></span>\u201cS<span class=\"_ _6\"></span>ervicios <span class=\"_ _0\"></span>exteriores<span class=\"_ _15\"></span><span class=\"ff4\">-Arrendamie</span>ntos<span class=\"_ _6\"></span>\u201d <span class=\"_ _0\"></span>del Estado de Resultad<span class=\"_ _6\"></span>o consolidado en lu<span class=\"_ _6\"></span>gar de formar parte del pas<span class=\"_ _6\"></span>ivo del arrend<span class=\"_ _6\"></span>amiento.<span class=\"_ _6\"></span> ENCE <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ubarrienda <span class=\"_ _11\"></span>maquinaria <span class=\"_ _0\"></span>forestal <span class=\"_ _11\"></span>previamente <span class=\"_ _0\"></span>arrendada.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>En <span class=\"_ _11\"></span>estas <span class=\"_ _0\"></span>situaciones, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>analiza <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>han transferido <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ubarrendatario <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>beneficios <span class=\"_ _0\"></span>asociados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>subarriendo. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>esa situaci\u00f3n,  se  da <span class=\"_ _12\"> </span>de  baja  en <span class=\"_ _12\"> </span>cuentas  el <span class=\"_ _1a\"> </span>activo  por  derecho  de <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span>  se <span class=\"_ _12\"> </span>reconoce  un  activo <span class=\"_ _12\"> </span>financiero correspondiente a la in<span class=\"_ _6\"></span>versi\u00f3n neta en<span class=\"_ _6\"></span> el subarrendamiento.<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gs37\"><div class=\"t_1 m0_1 x71 h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE clasifica los activos por <span class=\"_ _e\"></span>derecho de uso atendiendo a la <span class=\"_ _1\"></span>naturaleza del activo arrendado, en <span class=\"_ _1\"></span>el ep\u00edgrafe<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x71 h8 y1d4 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u201cPropiedad,  planta  y <span class=\"_ _12\"> </span>equipo\u201d  del <span class=\"_ _12\"> </span>Esta<span class=\"_ _6\"></span>do  de <span class=\"_ _12\"> </span>Situaci\u00f3n  Financiera <span class=\"_ _1a\"> </span>consolidado,  y <span class=\"_ _12\"> </span>clas<span class=\"_ _6\"></span>ifica <span class=\"_ _12\"> </span>el  pasivo  por </div><div class=\"t_1 m0_1 x71 h8 y1d5 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">arrendamiento en el ep\u00edgrafe \u201cDeuda financi<span class=\"ff4\">era </span>\u2013<span class=\"ff4\"> </span>Otros pasivos financieros\u201d del pasivo a l<span class=\"_ _1\"></span>argo y corto plazo </div><div class=\"t_1 m0_1 x71 h8 y338 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del Estado d<span class=\"_ _6\"></span>e Situaci\u00f3n Financiera conso<span class=\"_ _6\"></span>lidado.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2bd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con <span class=\"_ _10\"></span>relaci\u00f3n <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>estado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>flujos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>efectivo, <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _10\"></span>registra <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>pagos <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>principal <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>contratos <span class=\"_ _10\"></span>de </div><div class=\"t_1 m0_1 x71 h8 y2be ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">arrendamiento dentro <span class=\"_ _e\"></span>de los <span class=\"_ _e\"></span>\u201cFlujos neto <span class=\"_ _e\"></span>de e<span class=\"_ _1\"></span>fectivo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>actividades de <span class=\"_ _e\"></span>financiaci\u00f3n\u201d, as\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>registro<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2bf ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>intereses <span class=\"_ _11\"> </span>relacionad<span class=\"_ _6\"></span>os <span class=\"_ _11\"> </span>con <span class=\"_ _12\"> </span>dic<span class=\"ff6\">hos <span class=\"_ _12\"> </span>contratos <span class=\"_ _11\"> </span>dentro <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _11\"> </span>\u201cFlujos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>netos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>efectivo<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>las </span></div><div class=\"t_1 m0_1 x71 h8 y2c0 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">actividades d<span class=\"_ _6\"></span>e explotaci\u00f3n\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x71 h46 y389 ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">3.7<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Activos y pasi<span class=\"_ _1\"></span>vos financiero<span class=\"_ _1\"></span>s </span></div><div class=\"t_1 m0_1 x71 h8 y38a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE valora <span class=\"_ _e\"></span>y clasifica <span class=\"_ _e\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>instrumentos f<span class=\"_ _1\"></span>inancieros de <span class=\"_ _e\"></span>acue<span class=\"_ _6\"></span>rdo con <span class=\"_ _e\"></span>NIIF<span class=\"_ _6\"></span>-9 Instrumentos <span class=\"_ _1\"></span>Financieros. En <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>te </div><div class=\"t_1 m0_1 x71 h8 y38b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sentido: </div><div class=\"t_1 m0_1 x71 h9 y38c ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos financieros </div><div class=\"t_1 m0_1 x71 h8 y38d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>momento <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>cimiento <span class=\"_ _6\"></span>inicial,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ENCE <span class=\"_ _15\"></span>valora <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>activo <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciero <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>razo<span class=\"_ _6\"></span>nable, <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e </div><div class=\"t_1 m0_1 x71 h8 y229 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">incluye <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>tran<span class=\"_ _6\"></span>sacci\u00f3n <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>s<span class=\"_ _6\"></span>ean <span class=\"_ _17\"> </span>directamente <span class=\"_ _17\"> </span>atribuibles <span class=\"_ _1c\"> </span>a <span class=\"_ _1e\"> </span>la <span class=\"_ _17\"> </span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _17\"> </span>del <span class=\"_ _17\"> </span>activo. </div><div class=\"t_1 m0_1 x71 h8 y22a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Excepcionalmente, <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>costes  de  trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _18\"> </span>correspondientes <span class=\"_ _18\"> </span>a  activos <span class=\"_ _18\"> </span>financieros  valo<span class=\"_ _6\"></span>rados  a <span class=\"_ _18\"> </span>valor </div><div class=\"t_1 m0_1 x71 h8 y22b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">razonable con cambios<span class=\"_ _6\"></span> en resultad<span class=\"_ _6\"></span>os se imputan<span class=\"_ _6\"></span> directamente a resultados<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y38e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con  posterioridad<span class=\"_ _6\"></span>  a  su  recon<span class=\"_ _6\"></span>ocimiento  inicial,  ENCE <span class=\"_ _18\"> </span>clasifica  sus  activ<span class=\"_ _6\"></span>os  financieros<span class=\"_ _6\"></span>  en  las  siguientes </div><div class=\"t_1 m0_1 x71 h8 y22d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">categor\u00edas; <span class=\"_ _e\"></span>1) <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>coste amortizado, <span class=\"_ _e\"></span>2) <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>valor <span class=\"_ _e\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cambios<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>resultados, <span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>bien, <span class=\"_ _e\"></span>3) <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _e\"></span>razonable </div><div class=\"t_1 m0_1 x71 h8 y22e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">con  cambios  e<span class=\"_ _1\"></span>n  otro <span class=\"_ _12\"> </span>resultado  global.  La  clasificaci\u00f3n <span class=\"_ _12\"> </span>depend<span class=\"_ _6\"></span>e  del <span class=\"_ _12\"> </span>modelo  de <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>egocio  de <span class=\"_ _1a\"> </span>ENCE  para </div><div class=\"t_1 m0_1 x71 h8 y22f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">gestionar los activ<span class=\"_ _6\"></span>os financieros y<span class=\"_ _6\"></span> los t\u00e9rminos contra<span class=\"_ _6\"></span>ctuales de los flujo<span class=\"_ _6\"></span>s de efectivo: <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x80 h22 y38f ff4 fs4 fc0_1 sc0_1 ls18 ws0_1\">i.<span class=\"ff2 ls0_1\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Coste <span class=\"_ _0\"></span>amortizado <span class=\"_ _0\"></span>us<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>tipo <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>inter<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _0\"></span>efectivo: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasif<span class=\"_ _6\"></span>ican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _11\"></span>categor\u00eda <span class=\"_ _10\"></span>los </span></span></div><div class=\"t_1 m0_1 xc h8 y390 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">activos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e man<span class=\"_ _6\"></span>tienen <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cobro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e e<span class=\"_ _6\"></span>fectivo <span class=\"_ _6\"></span>previs<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>contrato,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>esos <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e </div><div class=\"t_1 m0_1 xc h8 y391 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">efectivo representan s<span class=\"_ _6\"></span>\u00f3lo cobros d<span class=\"_ _6\"></span>e principal e inte<span class=\"_ _6\"></span>reses. <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x6c h8 y392 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Una <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>p\u00e9rdida en <span class=\"_ _a\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _e\"></span>inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>valore <span class=\"_ _e\"></span>a coste <span class=\"_ _e\"></span>amortizado y <span class=\"_ _a\"></span>no sea <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>una re<span class=\"_ _1\"></span>laci\u00f3n<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x6c h8 y393 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de cobertura se reconoce en el resu<span class=\"_ _6\"></span>ltado del ejercicio cuand<span class=\"_ _6\"></span>o el activo se da de baja o se deteriora. Los </div><div class=\"t_1 m0_1 x6c h8 y394 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ingresos por intereses de estos activos financieros<span class=\"_ _6\"></span> se reconocen como <span class=\"_ _1\"></span>ingresos financiero<span class=\"_ _6\"></span>s en el <span class=\"_ _1\"></span>Estado </div><div class=\"t_1 m0_1 x6c h8 y395 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de Resultado cons<span class=\"_ _6\"></span>olidado d<span class=\"_ _6\"></span>e acuerdo a su devengo,<span class=\"_ _6\"></span> aplicando el m\u00e9todo del tipo d<span class=\"_ _6\"></span>e inter\u00e9s efectivo<span class=\"_ _6\"></span>.<span class=\"_ _15\"></span> </div><div class=\"t_1 m0_1 x6c h8 y396 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"_ _12\"> </span>esta <span class=\"_ _11\"> </span>cat<span class=\"_ _6\"></span>egor\u00eda <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _11\"> </span>\u201cDeudores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>rar\u201d, <span class=\"_ _11\"> </span>\u201cOtra<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>inversiones </div><div class=\"t_1 m0_1 x6c h8 y270 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieras\u201d, <span class=\"_ _15\"></span>\u201cy <span class=\"_ _6\"></span>\u201cEfectivo <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _6\"></span>l\u00edqu<span class=\"_ _6\"></span>idos <span class=\"_ _6\"></span>equivalentes\u201d, <span class=\"_ _15\"></span>principalmente. <span class=\"_ _15\"></span>El <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cEfectivo <span class=\"_ _6\"></span>y </div><div class=\"t_1 m0_1 x6c h8 y397 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">otros <span class=\"_ _11\"> </span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"> </span>l\u00edquidos <span class=\"_ _12\"> </span>equivalentes\u201d <span class=\"_ _11\"> </span>recoge <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>aldos <span class=\"_ _12\"> </span><span class=\"ff4\">en <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>corto <span class=\"_ _11\"> </span>plazo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>gran </span></div><div class=\"t_1 m0_1 x6c h8 y398 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _6\"></span>s originales de un m\u00e1ximo de tres </div><div class=\"t_1 m0_1 x6c h8 y399 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">meses, y que est\u00e1n<span class=\"_ _6\"></span> sujetos a un riesgo d<span class=\"_ _6\"></span>e cambio de valor po<span class=\"_ _6\"></span>co significativo.<span class=\"_ _15\"></span> </div><div class=\"t_1 m0_1 x6c h8 y39a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las cuentas por <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>rar <span class=\"_ _1\"></span>a deudores <span class=\"_ _e\"></span>comerc<span class=\"_ _6\"></span>iales propias del <span class=\"_ _e\"></span>tr\u00e1fico habitual del <span class=\"_ _1\"></span>Grupo se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>su </div><div class=\"t_1 m0_1 x6c h8 y39b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">valor nominal, dado que su vencimiento es en ge<span class=\"_ _1\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas </div><div class=\"t_1 m0_1 x6c h8 y121 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">crediticias <span class=\"_ _1\"></span>esperadas. En <span class=\"_ _e\"></span>este cap\u00edtulo <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>seguid<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>mod<span class=\"_ _6\"></span>elo <span class=\"_ _1\"></span>simplificado de <span class=\"_ _e\"></span>p\u00e9rdida esperada basado </div><div class=\"t_1 m0_1 x6c h8 y39c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en la experiencia his<span class=\"_ _6\"></span>t\u00f3rica de p\u00e9rdidas<span class=\"_ _6\"></span> crediticias.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h22 y16e ff4 fs4 fc0_1 sc0_1 ls18 ws0_1\">ii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Valor <span class=\"_ _6\"></span>razon<span class=\"_ _6\"></span>able <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>resultados<span class=\"_ _6\"></span>: <span class=\"_ _6\"></span>dentro <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>categor\u00eda <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incluyen <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no </span></span></div><div class=\"t_1 m0_1 x6c h8 y39d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cumplen <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>condiciones <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>considerars<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cobertura <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>N<span class=\"_ _6\"></span>IIF <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _15\"></span>Ins<span class=\"_ _6\"></span>trumentos </div><div class=\"t_1 m0_1 x6c h8 y357 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financieros, los activos <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _1\"></span>que otras <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>ormas establezcan que <span class=\"_ _1\"></span>deben valorarse <span class=\"_ _e\"></span>a valor razonable </div><div class=\"t_1 m0_1 x6c h8 y39e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">con <span class=\"_ _6\"></span>cargo <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os, <span class=\"_ _6\"></span>tales como <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>contraprestacion<span class=\"_ _6\"></span>es contin<span class=\"_ _6\"></span>gentes <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>egocios </div><div class=\"t_1 m0_1 x6c h8 y39f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y aquellos activ<span class=\"_ _6\"></span>os financieros que d<span class=\"_ _6\"></span>e valorarse de otra<span class=\"_ _6\"></span> forma generar\u00edan una as<span class=\"_ _6\"></span>imetr\u00eda contable.<span class=\"_ _33\"> </span> <span class=\"_ _15\"></span> </div></div>Los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roduzcan <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>impu<span class=\"_ _6\"></span>tan <span class=\"_ _15\"></span>cuando <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cen <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _17\"> </span>financieros\u201d, <span class=\"_ _17\"> </span>\u201cIngresos <span class=\"_ _17\"> </span>financieros\u201d <span class=\"_ _17\"> </span>o <span class=\"_ _17\"> </span>\u201cVariaci\u00f3n <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>valor <span class=\"_ _17\"> </span>razonable <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>instru<span class=\"_ _6\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _6\"></span> corresponda,<span class=\"_ _6\"></span> del Estado de Resu<span class=\"_ _6\"></span>ltado conso<span class=\"_ _6\"></span><span class=\"ff4\">lida<span class=\"_ _6\"></span>do. </span>En el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de particip<span class=\"_ _6\"></span>aciones en <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es no <span class=\"_ _6\"></span>cotizadas<span class=\"_ _6\"></span>, poco <span class=\"_ _15\"></span>relevantes<span class=\"_ _6\"></span>, dad<span class=\"_ _6\"></span>o qu<span class=\"_ _6\"></span>e el valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able no <span class=\"_ _15\"></span>siempre <span class=\"_ _15\"></span>es <span class=\"_ _15\"></span>posible <span class=\"_ _15\"></span>determinarlo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>forma <span class=\"_ _15\"></span>fiabl<span class=\"_ _6\"></span>e, <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>valoran <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _15\"></span>corregido<span class=\"_ _6\"></span> por las evidencias<span class=\"_ _6\"></span> de deterioro que p<span class=\"_ _6\"></span>udieran existir.<span class=\"_ _6\"></span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>irectamente <span class=\"_ _0\"></span>atribuibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _6\"></span> gasto en el Estad<span class=\"_ _6\"></span>o de Resultado co<span class=\"_ _6\"></span>nsolidado a medida <span class=\"_ _6\"></span>que se incurre en ellos.<span class=\"_ _33\"> </span>iii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Activos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>cambios <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>otro <span class=\"_ _15\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>global: <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>tiene <span class=\"_ _10\"></span>activos </span></span>clasificados en esta ca<span class=\"_ _6\"></span>tegor\u00eda.<span class=\"_ _33\"> </span>Durante <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _0\"></span>reclasificaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>las categor\u00edas definidas en lo<span class=\"_ _6\"></span>s p\u00e1rrafos previos<span class=\"_ _6\"></span>. Las compras y<span class=\"_ _6\"></span> ventas de activos finan<span class=\"_ _6\"></span>cieros se contab<span class=\"_ _6\"></span>ilizan utilizando la fecha d<span class=\"_ _6\"></span>e negociaci\u00f3n. <span class=\"_ _15\"></span> Deterioros de valor-<span class=\"_ _6\"></span> ENCE ev<span class=\"_ _6\"></span>al\u00faa s<span class=\"_ _6\"></span>obre un<span class=\"_ _6\"></span>a base <span class=\"_ _6\"></span>prospectiva <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>cr\u00e9dito esp<span class=\"_ _6\"></span>eradas d<span class=\"_ _6\"></span>e sus<span class=\"_ _6\"></span> activos v<span class=\"_ _6\"></span>alorados <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>coste amortizado. En es<span class=\"_ _6\"></span>te sentido, ENCE a<span class=\"_ _6\"></span>plica el enfoque gener<span class=\"_ _6\"></span>al de c\u00e1lculo de la p<span class=\"_ _6\"></span>\u00e9rdida esperada <span class=\"_ _6\"></span>a sus a<span class=\"_ _6\"></span>ctivos financieros a <span class=\"_ _1\"></span>largo plazo, excepto <span class=\"_ _1\"></span>los saldos comerciales <span class=\"_ _e\"></span>y otras<span class=\"_ _6\"></span> cuentas <span class=\"_ _1\"></span>a cobrar <span class=\"_ _1\"></span>sin componente <span class=\"_ _1\"></span>financiero<span class=\"_ _6\"></span> significativo para <span class=\"_ _6\"></span>los que aplica un enfoq<span class=\"_ _6\"></span>ue simplificado.<span class=\"_ _6\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"_ _6\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo que el riesgo de cr\u00e9dito se h<span class=\"_ _6\"></span>aya in<span class=\"_ _6\"></span>crementado de forma s<span class=\"_ _6\"></span>ignificativa desde s<span class=\"_ _6\"></span>u reconocimiento inicial.<span class=\"_ _15\"></span> Bajo <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>enfoqu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>implificado, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>consideran las <span class=\"_ _e\"></span>p\u00e9rdidas cre<span class=\"_ _1\"></span>diticias e<span class=\"_ _1\"></span>speradas durante <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>vida <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivo. <span class=\"_ _e\"></span> Este<span class=\"_ _1\"></span> modelo <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>lleva <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>cabo <span class=\"_ _11\"> </span>teniendo <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>consideraci\u00f3n <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>client<span class=\"_ _6\"></span>e, <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>cobertura <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>seguro <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>cr\u00e9dito<span class=\"_ _6\"></span> disponible, <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>experien<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>hist<span class=\"_ _6\"></span>\u00f3rica <span class=\"_ _e\"></span>referente <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ries<span class=\"_ _6\"></span>go <span class=\"_ _e\"></span>crediticio <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>\u00faltimos <span class=\"_ _e\"></span>cin<span class=\"_ _6\"></span>co <span class=\"_ _e\"></span>a\u00f1os. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>modelo<span class=\"_ _33\"> </span>incorpora <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>umbral <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>180 <span class=\"_ _10\"></span>d\u00edas <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>mora <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>ideraci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _10\"></span>un impago <span class=\"_ _1\"></span>definitivo. <span class=\"_ _1\"></span>Estos criterios <span class=\"_ _e\"></span>son aplicados <span class=\"_ _e\"></span>en au<span class=\"_ _1\"></span>sencia d<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>otra<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>evidencias objetivas de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>incumplimiento, como <span class=\"_ _e\"></span>puedan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ser <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>cursales, <span class=\"_ _1\"></span>etc. <span class=\"_ _e\"></span>En <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>ejercicios 2024 <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _e\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _e\"></span>registra<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>importes<span class=\"_ _6\"></span> significativos po<span class=\"_ _6\"></span>r este concepto en el Es<span class=\"_ _6\"></span>tado de Resulta<span class=\"_ _6\"></span>do consolidado.<span class=\"_ _6\"></span> Las <span class=\"_ _6\"></span>dotacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>reversiones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>correcciones <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>rativas <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sald<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>comerciales <span class=\"_ _6\"></span>a cobrar <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cDeterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>sobre <span class=\"_ _10\"></span>activos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Res<span class=\"_ _6\"></span>ultado consolidado.<span class=\"_ _33\"> </span>Registro de bajas <span class=\"_ _6\"></span>- El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>reconoce <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>baja <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>expiran <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cedido <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>derechos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>los flujos <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>efectivo <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>correspo<span class=\"_ _6\"></span>ndiente <span class=\"_ _15\"></span>activo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>financiero <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>han <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>nsferido <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ustancialmente <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>riesgos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y beneficios inherentes a su propiedad. La baja de un activo fi<span class=\"_ _1\"></span>nanciero implica el <span class=\"_ _1\"></span>reconoci<span class=\"_ _6\"></span>miento en el Estado de Resultado consolidado de l<span class=\"_ _1\"></span>a diferencia e<span class=\"_ _1\"></span>xistente entre su valor contable y<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>suma de la<span class=\"_ _1\"></span> contraprestaci\u00f3n recibida, <span class=\"_ _1\"></span>neta <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>gastos de <span class=\"_ _e\"></span>la transacci\u00f3n, <span class=\"_ _1\"></span>incluy\u00e9ndose los <span class=\"_ _e\"></span>activos obtenidos o <span class=\"_ _1\"></span>pasivos <span class=\"_ _1\"></span>asumidos y <span class=\"_ _e\"></span>cualquier p\u00e9rdida o ganan<span class=\"_ _6\"></span>cia diferida en otro resu<span class=\"_ _6\"></span>ltado global.<span class=\"_ _6\"></span> En <span class=\"_ _12\"> </span>este <span class=\"_ _12\"> </span>sentido, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>necesidad<span class=\"_ _6\"></span>es <span class=\"_ _12\"> </span>coyun<span class=\"_ _6\"></span>turales <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _12\"> </span>realiza <span class=\"_ _12\"> </span>cesiones <span class=\"_ _12\"> </span>de<span class=\"_ _6\"></span> cr\u00e9ditos <span class=\"_ _e\"></span>de cli<span class=\"_ _1\"></span>entes <span class=\"_ _e\"></span>a e<span class=\"_ _1\"></span>ntidade<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieras <span class=\"_ _e\"></span>(factoring) <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>pod<span class=\"_ _6\"></span>r\u00e1 <span class=\"_ _e\"></span>llevar <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>cabo titulizaciones <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>. <span class=\"_ _e\"></span>En e<span class=\"_ _1\"></span>stas<span class=\"_ _33\"> </span>cesiones <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>derechos <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cobro<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>tra<span class=\"_ _6\"></span>nsmiten <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>ustancialmente <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>riesgos <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>b<span class=\"_ _6\"></span>eneficios <span class=\"_ _11\"> </span>inh<span class=\"_ _6\"></span>erentes <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>las cuentas <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>cobrar, <span class=\"_ _0\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>control <span class=\"_ _0\"></span>sobre <span class=\"_ _11\"></span>\u00e9stas, <span class=\"_ _0\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>existan <span class=\"_ _0\"></span>pactos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>recompra <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>uscritos <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>las entidades <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cr\u00e9dito <span class=\"_ _10\"></span>(cesiones <span class=\"_ _10\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>recurs<span class=\"_ _6\"></span>o). <span class=\"_ _10\"></span>Consecu<span class=\"_ _6\"></span>entemente, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>criterios <span class=\"_ _10\"></span>establecidos por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>NIIF, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>dan <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e b<span class=\"_ _6\"></span>aja del <span class=\"_ _6\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Situaci\u00f3n <span class=\"_ _6\"></span>Finan<span class=\"_ _6\"></span>ciera cons<span class=\"_ _6\"></span>olidado <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>saldos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cobrar <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>ores vendidos en la<span class=\"_ _6\"></span>s condiciones indicadas<span class=\"_ _6\"></span>. Por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>trario, <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>baja <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>financieros, <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>reconoce <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _0\"></span>financiero <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>un importe <span class=\"_ _10\"></span>igual <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>contraprestaci\u00f3n <span class=\"_ _0\"></span>recibida, <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>cesiones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>retenga sustancialmente los<span class=\"_ _6\"></span> riesgos y beneficios inh<span class=\"_ _6\"></span>erentes<span class=\"_ _6\"></span> a su p<span class=\"_ _6\"></span>ropiedad.<span class=\"_ _33\"> </span>Pasivos financieros <span class=\"_ _6\"></span> Son <span class=\"_ _6\"></span>pasivos <span class=\"_ _6\"></span>financieros <span class=\"_ _6\"></span>aq<span class=\"_ _6\"></span>uellos <span class=\"_ _6\"></span>d\u00e9bitos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>partidas <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>pagar que <span class=\"_ _6\"></span>tiene <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han <span class=\"_ _6\"></span>originado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la compra de <span class=\"_ _e\"></span>bi<span class=\"_ _6\"></span>enes y <span class=\"_ _1\"></span>servicios por operaciones de <span class=\"_ _e\"></span>tr\u00e1<span class=\"_ _6\"></span>fico de la <span class=\"_ _1\"></span>empresa, o <span class=\"_ _1\"></span>tambi\u00e9n aquellos que, sin <span class=\"_ _1\"></span>tener un origen <span class=\"_ _10\"></span>comercial, <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>pu<span class=\"_ _6\"></span>eden <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>er <span class=\"_ _10\"></span>consider<span class=\"_ _6\"></span>ados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span>rivados, <span class=\"_ _0\"></span>principalmente, deudas con en<span class=\"_ _6\"></span>tidades de cr\u00e9dito, bon<span class=\"_ _6\"></span>os emitidos, etc.<span class=\"_ _6\"></span> ENCE <span class=\"_ _10\"></span>clasifica <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>pasivos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>siguientes <span class=\"_ _10\"></span>categor\u00edas, <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>posteriorid<span class=\"_ _6\"></span>ad <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>recono<span class=\"_ _6\"></span>cimiento inicial; 1) <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>amortizado, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2) <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>cambios <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>resulta<span class=\"_ _6\"></span>dos. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>esta \u00fa<span class=\"_ _6\"></span>ltima <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>se recogen b<span class=\"_ _6\"></span>\u00e1sicamente <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>traprestacio<span class=\"_ _6\"></span>nes <span class=\"_ _6\"></span>contin<span class=\"_ _6\"></span>gentes qu<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>puedan <span class=\"_ _6\"></span>originar <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e negocios, <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>instrumentos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _10\"></span>designados <span class=\"_ _0\"></span>como <span class=\"_ _15\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>de cobertura de acuerdo co<span class=\"_ _6\"></span>n NIIF 9 <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> Instrumentos<span class=\"_ _6\"></span> Financiero<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>ENCE da <span class=\"_ _e\"></span>de baja <span class=\"_ _e\"></span>un pasivo <span class=\"_ _e\"></span>financiero o <span class=\"_ _e\"></span>una parte <span class=\"_ _e\"></span>del mismo <span class=\"_ _e\"></span>cuand<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>ha cumplido <span class=\"_ _e\"></span>con la <span class=\"_ _e\"></span>obligaci\u00f3n contenida en el pasivo o b<span class=\"_ _6\"></span>ien est\u00e9 legalmente dispensad<span class=\"_ _6\"></span>o de la respon<span class=\"_ _6\"></span>sabilidad p<span class=\"_ _6\"></span>rincipal contenida en el pas<span class=\"_ _6\"></span>ivo.<span class=\"_ _33\"> </span>Obligaciones, bo<span class=\"_ _6\"></span>nos y deudas con<span class=\"_ _6\"></span> entidades de c<span class=\"_ _6\"></span>r\u00e9dito<span class=\"_ _33\"> </span><span class=\"_ _6\"></span>- Los p<span class=\"_ _6\"></span>r\u00e9stamos, <span class=\"_ _6\"></span>obligaciones <span class=\"_ _6\"></span>y s<span class=\"_ _6\"></span>imilares se <span class=\"_ _6\"></span>registran <span class=\"_ _6\"></span>inicialmente <span class=\"_ _6\"></span>a v<span class=\"_ _6\"></span>alor razo<span class=\"_ _6\"></span>nable, v<span class=\"_ _6\"></span>alor q<span class=\"_ _6\"></span>ue normalm<span class=\"_ _6\"></span>ente coincide con el efectiv<span class=\"_ _6\"></span>o recibido, n<span class=\"_ _6\"></span>eto de los cos<span class=\"_ _6\"></span>tes incurridos en la t<span class=\"_ _6\"></span>ransacci\u00f3n. En p<span class=\"_ _6\"></span>eriodos posteriores, la totalidad de estas d<span class=\"_ _6\"></span>eudas se valora a <span class=\"_ _6\"></span>su coste amortizado, utilizando el m\u00e9tod<span class=\"_ _6\"></span>o del tipo de inter\u00e9s efectivo.<span class=\"_ _33\"> </span>Los gastos finan<span class=\"_ _6\"></span>cieros as\u00ed como los costes d<span class=\"_ _6\"></span>e estructuraci\u00f3n, se registran<span class=\"_ _6\"></span> seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"_ _6\"></span>o consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo del in<span class=\"_ _6\"></span>ter\u00e9s efectivo.<span class=\"_ _33\"> </span>En <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>b<span class=\"_ _6\"></span>onos <span class=\"_ _10\"></span>convertibles, <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>analiza <span class=\"_ _10\"></span>si <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>trata <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>instrumentos <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cieros compuestos, o <span class=\"_ _a\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>contrario, <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>trata <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>un <span class=\"_ _e\"></span>pasivo. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n de <span class=\"_ _a\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _e\"></span>financieros<span class=\"_ _6\"></span> compuestos <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>compon<span class=\"_ _6\"></span>entes <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>pasivo <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>atrimonio, <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>componente <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>patrimonio <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>etermina <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>el importe residual que s<span class=\"_ _6\"></span>e obtiene, d<span class=\"_ _6\"></span>espu\u00e9s de dedu<span class=\"_ _6\"></span>cir del valor razon<span class=\"_ _6\"></span>able del instrumento<span class=\"_ _6\"></span> en su<span class=\"_ _6\"></span> conjunto, el importe del componente de pasivo. Por su parte, el componente de pasivo se determina estim<span class=\"_ _15\"></span>ando el valor razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>instrumento <span class=\"_ _12\"> </span>similar <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>fecha <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>emis<span class=\"_ _6\"></span>i\u00f3n, <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>no<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>lleve <span class=\"_ _12\"> </span>aso<span class=\"_ _6\"></span>ciado <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>componente <span class=\"_ _12\"> </span>de patrimonio. <span class=\"_ _17\"> </span>Los <span class=\"_ _1c\"> </span>costes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _17\"> </span>relacionados<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>con <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>e<span class=\"_ _6\"></span>misi\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _1c\"> </span>instrumentos <span class=\"_ _17\"> </span>finan<span class=\"_ _6\"></span>cieros compuestos <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>distribuyen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>valo<span class=\"_ _15\"></span>r <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _10\"></span>relativo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cada <span class=\"_ _0\"></span>uno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>componentes <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el momento de la clasificaci\u00f3n.<span class=\"_ _33\"> </span>Las <span class=\"_ _11\"></span>operaciones <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>refinan<span class=\"_ _6\"></span>ciaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>financiera <span class=\"_ _0\"></span>se<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>contabilizan <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>cancelaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>asivo<span class=\"_ _6\"></span> financiero original y el reconocimiento de un nuevo pasivo financiero, siempre que los instrumentos tengan condiciones <span class=\"_ _0\"></span>su<span class=\"_ _6\"></span>stancialmente <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>iferentes. <span class=\"_ _0\"></span>Esto <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>produce <span class=\"_ _0\"></span>cu<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>act<span class=\"_ _6\"></span>ual <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>efectivo descontados<span class=\"_ _6\"></span> bajo <span class=\"_ _1\"></span>las nuevas <span class=\"_ _e\"></span>cond<span class=\"_ _6\"></span>iciones, incluyendo cualquier <span class=\"_ _e\"></span>com<span class=\"_ _6\"></span>isi\u00f3n pagada neta <span class=\"_ _1\"></span>de cualquier <span class=\"_ _e\"></span>comisi\u00f3n<span class=\"_ _6\"></span> recibida, y utilizando para hacer el <span class=\"_ _1\"></span>descuento el tipo de inter\u00e9s efectivo original, difiere al menos en un 10% del valor actual descontado de los flujos de <span class=\"_ _1\"></span>efectivo que todav\u00eda resten del pasivo financiero original. Por <span class=\"_ _1\"></span>su parte, <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>costes <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>estructuraci\u00f3n <span class=\"_ _12\"> </span>pendientes <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>imputar <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>resulta<span class=\"_ _6\"></span>dos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _12\"> </span>cancelada <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e imputan \u00edntegramente a <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os en el momento de la ca<span class=\"_ _6\"></span>ncelaci\u00f3n.<span class=\"_ _33\"> </span>Si la operaci\u00f3n de<span class=\"_ _1\"></span> refinanciaci\u00f3n no cumple <span class=\"_ _1\"></span>los criterios descritos para <span class=\"_ _1\"></span>registrarse como una cancelaci\u00f3n del<span class=\"_ _e\"></span> pasivo <span class=\"_ _17\"> </span>financiero <span class=\"_ _17\"> </span>original, <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>flujos <span class=\"_ _17\"> </span>modificados <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>descu<span class=\"_ _6\"></span>entan <span class=\"_ _1e\"> </span>al <span class=\"_ _17\"> </span>tipo <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>inter\u00e9s <span class=\"_ _17\"> </span>efectivo <span class=\"_ _17\"> </span>original,<span class=\"_ _6\"></span> reconociendo <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>resultados <span class=\"_ _11\"></span>cualquier <span class=\"_ _0\"></span>difere<span class=\"_ _6\"></span>ncia <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _11\"> </span>contable <span class=\"_ _0\"></span>prev<span class=\"_ _6\"></span>io. <span class=\"_ _0\"></span>Los<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>gastos <span class=\"_ _11\"></span>financieros, <span class=\"_ _0\"></span>as\u00ed como <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estru<span class=\"_ _6\"></span>cturaci\u00f3n, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>registran <span class=\"_ _0\"></span>seg\u00fan<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>devengo <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>Resultado consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo d<span class=\"_ _6\"></span>el inter\u00e9s efectivo.<span class=\"_ _6\"></span> La recompras de instrumentos de deuda im<span class=\"_ _1\"></span>plica que la deuda queda e<span class=\"_ _1\"></span>xtinguida, incluso en el <span class=\"_ _1\"></span>caso de que <span class=\"_ _1\"></span>el emisor intente revenderlo en <span class=\"_ _6\"></span>un futu<span class=\"_ _6\"></span>ro inmediato.<span class=\"_ _6\"></span> Acreedores com<span class=\"_ _6\"></span>erciales y otras cuen<span class=\"_ _6\"></span>tas a pagar<span class=\"_ _6\"></span>- Los <span class=\"_ _12\"> </span>acreedores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>pagar <span class=\"_ _12\"> </span>derivados <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>op<span class=\"_ _6\"></span>eraciones <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>son <span class=\"_ _12\"> </span>pasivos financieros <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>mayor <span class=\"_ _e\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>resentan <span class=\"_ _e\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>corto <span class=\"_ _1\"></span>plazo <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>devengan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>intereses. <span class=\"_ _e\"></span>Esto<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>saldos se registran inicialment<span class=\"_ _6\"></span>e a su valor razon<span class=\"_ _6\"></span>able y<span class=\"_ _6\"></span> posteriormente a s<span class=\"_ _6\"></span>u coste amortizad<span class=\"_ _6\"></span>o.<span class=\"_ _33\"> </span>El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"_ _1\"></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\"></span>en la <span class=\"_ _1\"></span>partida de <span class=\"ff6\">\u201cAcreedores comerciales y <span class=\"_ _e\"></span>otras<span class=\"_ _6\"></span> cuentas <span class=\"_ _1\"></span>a pagar\u201d, y <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>clasifican en </span>el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"_ _1\"></span>xplotaci\u00f3n, en la medida en que <span class=\"_ _1\"></span>ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"_ _1\"></span> las e<span class=\"_ _1\"></span>ntidades financieras, manteni\u00e9ndose como obliga<span class=\"_ _6\"></span>do primario al pago de las<span class=\"_ _1\"></span> deudas frente <span class=\"_ _1\"></span>a lo<span class=\"_ _1\"></span>s acreedores <span class=\"_ _e\"></span>comerciales (confirming sin <span class=\"_ _1\"></span>recurso). En <span class=\"_ _e\"></span>caso de <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue el <span class=\"_ _e\"></span>obligado primario <span class=\"_ _1\"></span>sea una entidad fin<span class=\"_ _6\"></span>anciera, estas cesiones s<span class=\"_ _6\"></span>e tratan como deud<span class=\"_ _6\"></span>as con entid<span class=\"_ _6\"></span>ades de cr\u00e9dito.<span class=\"_ _33\"> </span>Instrumento<span class=\"_ _6\"></span>s de Patrimonio Un  instrumento  de <span class=\"_ _12\"> </span>patri<span class=\"_ _6\"></span>monio  representa  una <span class=\"_ _12\"> </span>particip<span class=\"_ _6\"></span>aci\u00f3n  residual  en <span class=\"_ _12\"> </span>el  patrimonio  de  la <span class=\"_ _12\"> </span>So<span class=\"_ _6\"></span>ciedad<span class=\"_ _6\"></span> Dominante, una v<span class=\"_ _6\"></span>ez deducidos t<span class=\"_ _6\"></span>odos sus pas<span class=\"_ _6\"></span>ivos. Los <span class=\"_ _15\"></span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span>capital <span class=\"_ _15\"></span>emitidos <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>patrimonio <span class=\"_ _15\"></span>neto <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>importe <span class=\"_ _15\"></span>recibido, neto de los gas<span class=\"_ _6\"></span>tos de emisi\u00f3n.<span class=\"_ _33\"> </span>Las acciones p<span class=\"_ _6\"></span>ropias que adquiere ENCE se registran a su coste de ad<span class=\"_ _6\"></span>quisici\u00f3n, y se presentan minorando el patrimonio neto. Los resu<span class=\"_ _6\"></span>ltados derivados de la compra, venta, emisi\u00f3n o amortizaci\u00f3n de los<span class=\"_ _6\"></span> instrumentos del <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>atrimonio <span class=\"_ _10\"></span>propio <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>reconocen <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>irectamente <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>patrimonio <span class=\"_ _10\"></span>neto, <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>in <span class=\"_ _15\"></span>que <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>ning\u00fan <span class=\"_ _10\"></span>caso <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>registre resultado algun<span class=\"_ _6\"></span>o en el Estado de Resultado<span class=\"_ _6\"></span> consolidado<span class=\"_ _6\"></span>. La <span class=\"_ _10\"></span>amortizaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>accion<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>NCE, <span class=\"_ _10\"></span>da <span class=\"_ _0\"></span>lugar <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _10\"></span>reducci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>capital <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>importe <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>nominal <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> dichas acciones y la diferencia positiva o negativa entre el <span class=\"_ _1\"></span>precio de adquisici\u00f3n y el nominal de las acciones se carga o abon<span class=\"_ _6\"></span>a a cuentas de reservas<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Los <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ividendos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>resultado <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>ejercicio, <span class=\"_ _6\"></span>as\u00ed <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>dividendos <span class=\"_ _15\"></span>complementarios <span class=\"_ _15\"></span>pagados <span class=\"_ _6\"></span>por ENCE minoran el Patrimon<span class=\"_ _6\"></span>io Neto en el mo<span class=\"_ _6\"></span>mento de su ap<span class=\"_ _6\"></span>robaci\u00f3n.<span class=\"_ _33\"> </span>3.8<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Instrumentos finan<span class=\"_ _1\"></span>cieros derivado<span class=\"_ _1\"></span>s y operacion<span class=\"_ _1\"></span>es de cobertura </span>Las actividades del Grupo lo <span class=\"_ _1\"></span>exponen principalmente a riesgos financieros y <span class=\"_ _1\"></span>de mercado de<span class=\"_ _1\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"_ _1\"></span>mbio d\u00f3lar/euro que afectan principalmente a <span class=\"_ _1\"></span>sus ventas de celulosa al cotizar el <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>asta <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>papel <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>mercado <span class=\"_ _15\"></span>internacional <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>\u00f3lares, <span class=\"_ _6\"></span>2) <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>prop<span class=\"_ _6\"></span>ias <span class=\"_ _6\"></span>variaciones <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cambio <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>ventas <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ivisa, 3) <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>variacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>recio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa, <span class=\"_ _10\"></span>del <span class=\"_ _6\"></span>biometano, <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el fuel-oil, <span class=\"_ _6\"></span>el<span class=\"_ _6\"></span> gas <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica, <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>4) <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>evolu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>tip<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inter\u00e9s. <span class=\"_ _15\"></span>Pa<span class=\"_ _15\"></span>ra <span class=\"_ _15\"></span>cubrir <span class=\"_ _10\"></span>estas <span class=\"_ _15\"></span>expos<span class=\"_ _6\"></span>iciones <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Grupo puede <span class=\"_ _e\"></span>utilizar instrumentos <span class=\"_ _e\"></span>financieros derivados. <span class=\"_ _e\"></span>No <span class=\"_ _1\"></span>es <span class=\"_ _e\"></span>pol\u00edtica <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>ENCE contratar <span class=\"_ _e\"></span>instrumentos <span class=\"_ _1\"></span>financieros derivados con<span class=\"_ _6\"></span> fines especulativos<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Estos <span class=\"_ _18\"> </span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>financieros <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>valoran <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>todo <span class=\"_ _18\"> </span>mo<span class=\"_ _6\"></span>mento <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>su <span class=\"_ _18\"> </span>valor <span class=\"_ _18\"> </span>razonable<span class=\"_ _6\"></span>, <span class=\"_ _18\"> </span>registr\u00e1ndose <span class=\"_ _18\"> </span>las variaciones <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>\u201cIns<span class=\"_ _6\"></span>trumentos <span class=\"_ _1\"></span>financieros <span class=\"_ _e\"></span>derivad<span class=\"_ _6\"></span>os\u201d <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Situaci\u00f3n <span class=\"_ _1\"></span>Financiera consolidado s<span class=\"_ _6\"></span>i son negativas, y como \u201cActiv<span class=\"_ _6\"></span>os fi<span class=\"_ _6\"></span><span class=\"ff4\">nancieros </span>\u2013<span class=\"ff4\"> </span>Derivad<span class=\"_ _6\"></span>os de cobertu<span class=\"_ _6\"></span>ra\u201d si son po<span class=\"_ _6\"></span>sitivas.<span class=\"_ _33\"> </span>Los <span class=\"_ _6\"></span>beneficios <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de dicha<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>fluctuaciones <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e registra<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Estado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Resultado<span class=\"_ _15\"></span> cons<span class=\"_ _6\"></span>olidado <span class=\"_ _15\"></span>como un re<span class=\"_ _1\"></span>sultado financiero, <span class=\"_ _e\"></span>salv<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>que el <span class=\"_ _e\"></span>derivado o <span class=\"_ _e\"></span>una parte <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>mis<span class=\"_ _6\"></span>mo <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>aya sido <span class=\"_ _e\"></span>designa<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>como instrumento de cobertura y \u00e9sta<span class=\"_ _6\"></span> sea altamente efectiva, en<span class=\"_ _6\"></span> cuyo caso<span class=\"_ _6\"></span> su registro es el siguiente: <span class=\"_ _15\"></span> 1.<span class=\"ls0_1\"> <span class=\"_ _22\"> </span>Coberturas <span class=\"_ _6\"></span>de valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able: el elemento <span class=\"_ _6\"></span>cubierto <span class=\"_ _6\"></span>se v<span class=\"_ _6\"></span>alora <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>su valo<span class=\"_ _6\"></span>r razonab<span class=\"_ _6\"></span>le al <span class=\"_ _6\"></span>igual que <span class=\"_ _6\"></span>el </span>instrumento <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cobertura,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>registr\u00e1nd<span class=\"_ _6\"></span>ose <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>variaciones <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>valor <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>amb<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>en e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Resultado<span class=\"_ _6\"></span> consolidado<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>2.<span class=\"ls0_1\"> <span class=\"_ _22\"> </span>Coberturas de <span class=\"_ _1\"></span>flujos de <span class=\"_ _1\"></span>efectivo: <span class=\"_ _1\"></span>la parte <span class=\"_ _e\"></span>eficaz de <span class=\"_ _1\"></span>los cambios <span class=\"_ _1\"></span>en e<span class=\"_ _1\"></span>l valor <span class=\"_ _e\"></span>razon<span class=\"_ _6\"></span>able de <span class=\"_ _e\"></span>los derivados </span>que se <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>esignan y <span class=\"_ _e\"></span>califican como coberturas de <span class=\"_ _e\"></span>flujos de ef<span class=\"_ _1\"></span>ectivo se <span class=\"_ _e\"></span>recono<span class=\"_ _6\"></span>ce <span class=\"_ _1\"></span>en el <span class=\"_ _e\"></span>ep\u00edgrafe \u201cAjustes en <span class=\"_ _12\"> </span>pat<span class=\"_ _6\"></span>rimonio <span class=\"_ _1a\"> </span>por <span class=\"_ _12\"> </span>valora<span class=\"_ _6\"></span>ci\u00f3n\u201d <span class=\"_ _12\"> </span>del  \u201cEstado  de <span class=\"_ _11\"> </span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _12\"> </span>Global  consolidado\u201d. <span class=\"_ _12\"> </span>La  ganancia <span class=\"_ _12\"> </span>o  la<span class=\"_ _e\"></span> p\u00e9rdida <span class=\"_ _10\"></span>relacionad<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>ineficaz <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>reconoce <span class=\"_ _0\"></span>inmediatamente<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado consolidado,<span class=\"_ _6\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"_ _6\"></span> en valor razo<span class=\"_ _6\"></span>nable de instru<span class=\"_ _6\"></span>mentos financieros\u201d<span class=\"_ _15\"></span></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span>Cuando <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>contrato<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>de <span class=\"_ _1a\"> </span>opci\u00f3n <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>an <span class=\"_ _12\"> </span>para  cubrir <span class=\"_ _11\"> </span>trans<span class=\"_ _6\"></span>acciones <span class=\"_ _12\"> </span>previs<span class=\"_ _6\"></span>tas, <span class=\"_ _12\"> </span>el  grup<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>eval\u00faa  si <span class=\"_ _11\"> </span>dicha<span class=\"_ _6\"></span>s transacciones  son <span class=\"_ _12\"> </span>altamente  probables, <span class=\"_ _12\"> </span>y  en <span class=\"_ _12\"> </span>ese <span class=\"_ _12\"> </span>caso  designa <span class=\"_ _12\"> </span>tanto  el <span class=\"_ _12\"> </span>valor <span class=\"_ _1a\"> </span>intr\u00ednseco <span class=\"_ _12\"> </span>como  el <span class=\"_ _12\"> </span>valor temporal del contrato d<span class=\"_ _6\"></span>e opci\u00f3n co<span class=\"_ _6\"></span>mo instrumento de c<span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>ertura.  Al <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>cobertura,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>esigna <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>documenta <span class=\"_ _15\"></span>formalmente <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>relaciones <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cobe<span class=\"_ _6\"></span>rtura, <span class=\"_ _15\"></span>as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>el objetivo y <span class=\"_ _1\"></span>la estrategia <span class=\"_ _1\"></span>que asume <span class=\"_ _e\"></span>con respecto a <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> mismas. La <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>ocumentaci\u00f3n incluye <span class=\"_ _1\"></span>la identificaci\u00f3n <span class=\"_ _1\"></span>del instrumento de cob<span class=\"_ _6\"></span>ertura, la partida cub<span class=\"_ _6\"></span>ierta, la<span class=\"_ _6\"></span> naturaleza del riesgo cubierto y la forma <span class=\"_ _6\"></span>en la que se mide la eficacia de la cobertu<span class=\"_ _6\"></span>ra.  Igualmente, al <span class=\"_ _e\"></span>inicio de la <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>ertura y <span class=\"_ _1\"></span>de f<span class=\"_ _1\"></span>orma continua ENCE <span class=\"_ _e\"></span>eval\u00faa si la <span class=\"_ _1\"></span>cobertura es <span class=\"_ _e\"></span>eficaz. Dicha eficacia se <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>erifica <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>\u201c<span class=\"_ _6\"></span>test <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>eficacia\u201d <span class=\"_ _10\"></span>dond<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>che<span class=\"_ _6\"></span>quea <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>es <span class=\"_ _10\"></span>esperab<span class=\"_ _6\"></span>le <span class=\"_ _10\"></span>pros<span class=\"_ _6\"></span>pectivamente <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>los cambios en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>valor razonable o <span class=\"_ _e\"></span>en los flujos de <span class=\"_ _e\"></span>efectivo de la <span class=\"_ _1\"></span>partida cubierta (atribuibles <span class=\"_ _1\"></span>al riesgo <span class=\"_ _e\"></span>cub<span class=\"_ _6\"></span>ierto) se compensen razonablemente con los correspondientes al instrumento de cobertura. El<span class=\"_ _1\"></span> valor razonable de<span class=\"_ _1\"></span> los <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>incluye <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ajus<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>cr<span class=\"_ _6\"></span>\u00e9dito <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>for<span class=\"_ _6\"></span>ma <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>variaci<span class=\"_ _15\"></span>ones <span class=\"_ _0\"></span>son <span class=\"_ _0\"></span>consideradas <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la medici\u00f3n de la eficacia.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>realiza <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>evalu<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _10\"></span>cualit<span class=\"_ _6\"></span>ativa <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>eficacia, <span class=\"_ _10\"></span>siempre <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>diciones <span class=\"_ _10\"></span>fund<span class=\"_ _6\"></span>amentales <span class=\"_ _10\"></span>del instrumento <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>partida <span class=\"_ _6\"></span>cubierta <span class=\"_ _15\"></span>coincidan. <span class=\"_ _15\"></span>Cuando <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>condiciones <span class=\"_ _15\"></span>fundamentales <span class=\"_ _15\"></span>no <span class=\"_ _6\"></span>son <span class=\"_ _15\"></span>plenamente coincidentes, <span class=\"_ _12\"> </span>el <span class=\"_ _1a\"> </span>Grupo <span class=\"_ _1a\"> </span>utiliza <span class=\"_ _12\"> </span>un  derivado <span class=\"_ _12\"> </span>hipo<span class=\"_ _6\"></span>t\u00e9tico <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>condiciones  fundamentales <span class=\"_ _12\"> </span>equivalentes <span class=\"_ _12\"> </span>a  la partida cubierta p<span class=\"_ _6\"></span>ara evaluar y medir la inefica<span class=\"_ _6\"></span>cia.<span class=\"_ _6\"></span> ENCE <span class=\"_ _6\"></span>interrumpe <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>relaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cobertura <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>for<span class=\"_ _6\"></span>ma <span class=\"_ _6\"></span>prospectiva <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>\u00f3lo <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>to<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>relaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cobertura <span class=\"_ _6\"></span>deja <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cumplir <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>requ<span class=\"_ _6\"></span>isitos <span class=\"_ _6\"></span>cualificados<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Esto <span class=\"_ _6\"></span>incluye <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>instru<span class=\"_ _6\"></span>mento de <span class=\"_ _e\"></span>cobertura expira, <span class=\"_ _a\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>vendido<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>ejercido, e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>objetivo de <span class=\"_ _a\"></span>g<span class=\"_ _6\"></span>esti\u00f3n del <span class=\"_ _a\"></span>riesgo <span class=\"_ _1\"></span>ha <span class=\"_ _e\"></span>cambia<span class=\"_ _6\"></span>do, <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>efecto <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>riesgo de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _15\"></span>domina <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor, <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>instrumento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cobertura <span class=\"_ _15\"></span>llega <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>liquidado,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o deja <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>existir <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>subyacente <span class=\"_ _0\"></span>cubierto<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>A <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>efectos<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ustituci\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>reno<span class=\"_ _6\"></span>vaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mento <span class=\"_ _10\"></span>de cobertura <span class=\"_ _11\"></span>no <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>una <span class=\"_ _11\"></span>expiraci\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _11\"> </span>finalizaci\u00f3n, <span class=\"_ _11\"></span>siempre <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>sea <span class=\"_ _0\"></span>consistente <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>objetivo documentado de gesti\u00f3n<span class=\"_ _6\"></span> de riesgo del Grupo.<span class=\"_ _6\"></span> En <span class=\"_ _11\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>coberturas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>flujos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>efectivo,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>tras <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>interrup<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>relaci\u00f3n <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>ertura, <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>i<span class=\"_ _6\"></span>mporte acumulado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Otro <span class=\"_ _6\"></span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _6\"></span>Global <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e recono<span class=\"_ _6\"></span>ce <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltados <span class=\"_ _6\"></span>hasta <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>transacci\u00f3n <span class=\"_ _6\"></span>prevista<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tenga lugar. As\u00ed <span class=\"_ _6\"></span>mismo, <span class=\"_ _6\"></span>los importes<span class=\"_ _6\"></span> acumulad<span class=\"_ _6\"></span>os en <span class=\"_ _6\"></span>O<span class=\"_ _6\"></span>tro <span class=\"_ _6\"></span>Resultado Glob<span class=\"_ _6\"></span>al se <span class=\"_ _6\"></span>reclasifican como <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>gresos o<span class=\"_ _6\"></span> gastos financieros cuand<span class=\"_ _6\"></span>o el Grupo no esp<span class=\"_ _6\"></span>era que la trans<span class=\"_ _6\"></span>acci\u00f3n prevista vay<span class=\"_ _6\"></span>a a producirse.<span class=\"_ _6\"></span> Los <span class=\"_ _11\"></span>derivados <span class=\"_ _11\"></span>impl\u00edcitos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>otros <span class=\"_ _0\"></span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>financieros <span class=\"_ _0\"></span>son <span class=\"_ _11\"> </span>contabilizados <span class=\"_ _11\"></span>separadamente <span class=\"_ _0\"></span>cuand<span class=\"_ _6\"></span>o <span class=\"_ _11\"></span>el Grupo <span class=\"_ _1\"></span>considera que <span class=\"_ _e\"></span>sus <span class=\"_ _1\"></span>caracter\u00edsticas <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>riesgos <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>est\u00e1n estrechame<span class=\"_ _1\"></span>nte relacionados <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>strumentos financieros <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>encuentran<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>impl\u00edcitos<span class=\"_ _15\"></span>, <span class=\"_ _10\"></span>siempre <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>instrumento <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>ciero <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>cuesti\u00f3n <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>su conjunto no <span class=\"_ _e\"></span>est\u00e9 siendo <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>tabilizado <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>con cambios <span class=\"_ _e\"></span>en resultados. <span class=\"_ _1\"></span>ENCE <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>tiene <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>erivados impl\u00edcitos que sean o<span class=\"_ _6\"></span>bjeto de contab<span class=\"_ _6\"></span>ilidad separad<span class=\"_ _6\"></span>a. Valor razonable de los<span class=\"_ _6\"></span> instrumen<span class=\"_ _6\"></span>tos financieros derivados<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>determina <span class=\"_ _10\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>siguiente <span class=\"_ _10\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel 1: por observ<span class=\"_ _6\"></span>aci\u00f3n directa de la cotiz<span class=\"_ _6\"></span>aci\u00f3n en mercado<span class=\"_ _6\"></span>s activos, de activ<span class=\"_ _6\"></span>os y pasivos id\u00e9nticos. <span class=\"_ _15\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _6\"></span>2: <span class=\"_ _6\"></span>empleando <span class=\"_ _6\"></span>inputs <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isponibles en <span class=\"_ _6\"></span>mercados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos, <span class=\"_ _6\"></span>diferentes <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios de <span class=\"_ _6\"></span>cotizaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>que </span></span>son aplicables<span class=\"_ _6\"></span> a los activos y pasiv<span class=\"_ _6\"></span>os, tanto directa como in<span class=\"_ _6\"></span>directamente.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _10\"></span>3: <span class=\"_ _0\"></span>utilizando<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>t\u00e9cnicas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valo<span class=\"_ _6\"></span>raci\u00f3n <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>cluyen <span class=\"_ _10\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>mercados </span></span>activos.<span class=\"_ _33\"> </span>La <span class=\"_ _15\"></span>determinaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>uno <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>principa<span class=\"_ _6\"></span>les <span class=\"_ _15\"></span>instrumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _6\"></span> este tipo de instrumentos finan<span class=\"_ _6\"></span>cieros, <span class=\"_ _6\"></span>a partir de datos facilitados por agencias<span class=\"_ _6\"></span> de informaci\u00f3n o d<span class=\"_ _6\"></span>atos de organ<span class=\"_ _6\"></span>ismos oficiales<span class=\"_ _6\"></span>, del siguiente <span class=\"_ _6\"></span>modo:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>de las <span class=\"_ _e\"></span>permutas de <span class=\"_ _e\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s se determ<span class=\"_ _1\"></span>ina <span class=\"_ _1\"></span>actualizando las <span class=\"_ _e\"></span>liqu<span class=\"_ _6\"></span>idaciones <span class=\"_ _1\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _1\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _1\"></span>de tipos swap a largo plazo<span class=\"_ _6\"></span>. Se utiliza la volatilidad imp<span class=\"_ _6\"></span>l\u00edcita para el c\u00e1lcul<span class=\"_ _6\"></span>o de los valo<span class=\"_ _6\"></span>res razonables.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>cas<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>contra<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>tipo <span class=\"_ _12\"> </span>de  cambio <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>futuro, <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>u <span class=\"_ _12\"> </span>valoraci\u00f3n <span class=\"_ _12\"> </span>se  determ<span class=\"_ _1\"></span>ina <span class=\"_ _12\"> </span>utilizan<span class=\"_ _6\"></span>do <span class=\"_ _12\"> </span>las </span></span>cotizaciones <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>contado <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>tipo <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cambio <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>rvas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _6\"></span>mo el empleo de la v<span class=\"_ _6\"></span>olatilidad impl\u00edcita<span class=\"_ _6\"></span> h<span class=\"_ _6\"></span>asta el vencimiento en el cas<span class=\"_ _6\"></span>o de op<span class=\"_ _6\"></span>ciones. <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _12\"> </span>valor  razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>ntratos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>compra<span class=\"_ _6\"></span>venta <span class=\"_ _12\"> </span>de  elementos <span class=\"_ _12\"> </span>no <span class=\"_ _12\"> </span>financi<span class=\"_ _6\"></span>eros <span class=\"_ _12\"> </span>a  los <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _6\"></span>NIIF <span class=\"_ _6\"></span>9 (pre<span class=\"_ _6\"></span>cio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>precio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>principalmente) <span class=\"_ _6\"></span>se calcula<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a partir <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la mejor <span class=\"_ _6\"></span>estima<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>curvas <span class=\"_ _15\"></span>futu<span class=\"_ _6\"></span>ras <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>dichos <span class=\"_ _15\"></span>elementos <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>financieros, <span class=\"_ _15\"></span>existente <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _6\"></span> a plazo.  Los valores <span class=\"_ _1\"></span>razonables se<span class=\"_ _1\"></span> ajustan <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el im<span class=\"_ _1\"></span>pacto esperado <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>riesgo de cr\u00e9dito <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>bservable de <span class=\"_ _e\"></span>la contraparte en <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>cenarios <span class=\"_ _12\"> </span>de  valoraci\u00f3n <span class=\"_ _12\"> </span>positivos, <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>impacto  del <span class=\"_ _11\"> </span>riesgo <span class=\"_ _12\"> </span>de  cr\u00e9dito <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>ropio <span class=\"_ _12\"> </span>ob<span class=\"_ _6\"></span>servable <span class=\"_ _12\"> </span>en <span class=\"_ _1a\"> </span>los escenarios de valo<span class=\"_ _6\"></span>raci\u00f3n negativos<span class=\"_ _6\"></span>. Los <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alores <span class=\"_ _15\"></span>obtenidos <span class=\"_ _10\"></span>utilizando <span class=\"_ _15\"></span>estas <span class=\"_ _10\"></span>t\u00e9cnicas <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _15\"></span>contrastados <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>financieras <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e ENCE tiene contrata<span class=\"_ _6\"></span>dos estos instrumentos<span class=\"_ _6\"></span> financieros.<span class=\"_ _6\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _6\"></span>encuadradas<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el nivel 2 <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>jerarqu\u00eda <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>razonables <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la NIIF 13, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>estar los inputs basad<span class=\"_ _6\"></span>os en precios cotizados p<span class=\"_ _6\"></span>ara ins<span class=\"_ _6\"></span>trumentos similares en mercados a<span class=\"_ _6\"></span>ctivos (no incluido<span class=\"_ _6\"></span>s en el nivel <span class=\"_ _e\"></span>1), <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>cotiza<span class=\"_ _6\"></span>dos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _e\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _e\"></span>id\u00e9nticos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>imilares <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>mercados <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>no <span class=\"_ _1\"></span>son <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>t\u00e9cnicas basadas <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>modelos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>ales <span class=\"_ _11\"> </span>todos <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>inputs <span class=\"_ _12\"> </span>significativos  son <span class=\"_ _11\"></span>observables <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el mercado o <span class=\"_ _6\"></span>pueden <span class=\"_ _6\"></span>ser corrob<span class=\"_ _6\"></span>orados<span class=\"_ _6\"></span> por <span class=\"_ _6\"></span>datos <span class=\"_ _6\"></span>observables de <span class=\"_ _6\"></span>mercado. E<span class=\"_ _6\"></span>n dicha<span class=\"_ _6\"></span> clasifica<span class=\"_ _6\"></span>ci\u00f3n s<span class=\"_ _6\"></span>e ha <span class=\"_ _6\"></span>tenido en <span class=\"_ _6\"></span>consideraci\u00f3n <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ajustes <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>riesgo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _6\"></span>utilizan <span class=\"_ _6\"></span>inpu<span class=\"_ _6\"></span>ts d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>ivel <span class=\"_ _6\"></span>3, <span class=\"_ _6\"></span>como s<span class=\"_ _6\"></span>on las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estimaciones de <span class=\"_ _11\"> </span>cr\u00e9dito <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _11\"> </span>crediticio <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>mpresas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>comparables <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>evaluar <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>pro<span class=\"_ _6\"></span>babilidad <span class=\"_ _12\"> </span>de quiebra <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>sociedad <span class=\"_ _10\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>parte, <span class=\"_ _15\"></span>si <span class=\"_ _15\"></span>bien, <span class=\"_ _10\"></span>dichos <span class=\"_ _15\"></span>ajustes <span class=\"_ _15\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>son <span class=\"_ _15\"></span>significativos<span class=\"_ _6\"></span>. <span class=\"_ _15\"></span>Por <span class=\"_ _15\"></span>otra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>parte, <span class=\"_ _15\"></span>las<span class=\"_ _33\"> </span>contraprestacion<span class=\"_ _6\"></span>es <span class=\"_ _1c\"> </span>contingentes <span class=\"_ _1c\"> </span>y <span class=\"_ _17\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _1c\"> </span>razonables <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1c\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _1c\"> </span>pasivos <span class=\"_ _17\"> </span>in<span class=\"_ _6\"></span>corporados <span class=\"_ _1b\"> </span>en combinaciones de negocios<span class=\"_ _6\"></span> que quedan<span class=\"_ _6\"></span> encuadradas<span class=\"_ _6\"></span> en el nivel 3 de la jerarqu\u00eda (v<span class=\"_ _6\"></span>\u00e9a<span class=\"_ _6\"></span>nse Nota<span class=\"_ _6\"></span>s 4 y 6<span class=\"_ _6\"></span><span class=\"ls19\">).<span class=\"_ _33\"> </span></span> 3.9<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Clasificaci\u00f3n<span class=\"_ _1\"></span> entre corriente y no co<span class=\"_ _e\"></span>r<span class=\"_ _6\"></span>riente </span>En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>stado <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>Situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>Financiera  consolidado, <span class=\"_ _12\"> </span>los  act<span class=\"_ _1\"></span>ivos <span class=\"_ _12\"> </span>y  pa<span class=\"_ _1\"></span>sivos <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>clasifican <span class=\"_ _12\"> </span>en  f<span class=\"_ _1\"></span>unci\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>sus vencimientos, <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>decir, <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>corrientes <span class=\"_ _6\"></span>aq<span class=\"_ _6\"></span>uellos <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>igual <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>inferior <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>oce meses <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>no corrientes los de v<span class=\"_ _6\"></span>encimiento sup<span class=\"_ _6\"></span>erior a dicho <span class=\"_ _6\"></span>per\u00edodo.  El efe<span class=\"_ _1\"></span>ctivo y otros <span class=\"_ _1\"></span>medios l\u00edquidos equivalentes se <span class=\"_ _e\"></span>clasifica como corriente, e<span class=\"_ _1\"></span>xcepto en <span class=\"_ _1\"></span>aquellos casos en <span class=\"_ _1\"></span>los que no <span class=\"_ _1\"></span>puedan ser <span class=\"_ _1\"></span>intercambiados<span class=\"_ _6\"></span> o <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>tilizados para <span class=\"_ _1\"></span>cancelar un <span class=\"_ _1\"></span>pasivo, al <span class=\"_ _1\"></span>menos dentro <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>oces meses siguientes a la fecha d<span class=\"_ _6\"></span>e cierre.<span class=\"_ _6\"></span> En <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>clasificaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>asivos <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>largo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>plazo, <span class=\"_ _15\"></span>ENCE <span class=\"_ _15\"></span>eval\u00faa <span class=\"_ _15\"></span>si <span class=\"_ _6\"></span>tiene <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>derecho <span class=\"_ _15\"></span>incondicio<span class=\"_ _6\"></span>nal <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>f<span class=\"_ _6\"></span>echa <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> cierre para aplazar la liq<span class=\"_ _6\"></span>uidaci\u00f3n de los<span class=\"_ _6\"></span> pasivos durante los<span class=\"_ _6\"></span> doce meses siguientes a la fe<span class=\"_ _6\"></span>cha d<span class=\"_ _6\"></span>e cierre.<span class=\"_ _33\"> </span>3.10<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Existencias </span></span>Las existen<span class=\"_ _6\"></span>cias de materias<span class=\"_ _6\"></span> primas <span class=\"_ _6\"></span>se valo<span class=\"_ _6\"></span>ran al coste <span class=\"_ _6\"></span>de adquisici\u00f3n, q<span class=\"_ _6\"></span>ue incluy<span class=\"_ _6\"></span>e el importe con<span class=\"_ _6\"></span>signado <span class=\"_ _6\"></span>en factura <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _11\"></span>todos <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>costes <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>incurre <span class=\"_ _0\"></span>hasta <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>bien <span class=\"_ _0\"></span>es<span class=\"_ _6\"></span>t\u00e1 <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>ENCE. <span class=\"_ _11\"></span>Las existencias <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>produ<span class=\"_ _6\"></span>ctos <span class=\"_ _0\"></span>terminados <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>curs<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>fabricaci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>valoran <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>coste <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>producci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se determina  incorp<span class=\"_ _6\"></span>orando <span class=\"_ _18\"> </span>el  coste <span class=\"_ _18\"> </span>de  los <span class=\"_ _18\"> </span>materiales,  ma<span class=\"_ _6\"></span>no <span class=\"_ _18\"> </span>de  obra, <span class=\"_ _18\"> </span>y  gasto<span class=\"_ _6\"></span>s  directos <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>generales  de fabricaci\u00f3n.  En la asigna<span class=\"_ _6\"></span>ci\u00f3n de valor a sus inventa<span class=\"_ _6\"></span>rios el Grupo utiliza<span class=\"_ _6\"></span> el m\u00e9todo del coste m<span class=\"_ _6\"></span>edio ponderado. <span class=\"_ _15\"></span> El Grupo realiza deterioros de sus existencias, con cargo a <span class=\"_ _1\"></span>resultados de e<span class=\"_ _1\"></span>xplotaci\u00f3n, para ajustar su valor al valor <span class=\"_ _11\"> </span>estimado<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>real<span class=\"_ _6\"></span>izaci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>cuando<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>\u00e9ste <span class=\"_ _11\"> </span>es <span class=\"_ _12\"> </span>inferior <span class=\"_ _11\"> </span>a<span class=\"_ _6\"></span>l <span class=\"_ _11\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>coste. <span class=\"_ _11\"> </span>Cuand<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>las <span class=\"_ _12\"> </span>circuns<span class=\"_ _6\"></span>tancias <span class=\"_ _12\"> </span>que previamente causaron la<span class=\"_ _6\"></span> correcci\u00f3n de va<span class=\"_ _6\"></span>lor dejan d<span class=\"_ _6\"></span>e existir se procede a revertir d<span class=\"_ _6\"></span>ichos deterioros.<span class=\"_ _6\"></span> Derechos de em<span class=\"_ _6\"></span>isi\u00f3n de gases de efecto<span class=\"_ _6\"></span> invernadero para uso propio<span class=\"_ _15\"></span>- Los <span class=\"_ _0\"></span>derechos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>ad<span class=\"_ _6\"></span>quiridos,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cuyo <span class=\"_ _0\"></span>destino <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fundamentalmente <span class=\"_ _0\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>utilizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>procesos productivos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>registra<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>existencias <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>valoran <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n, <span class=\"_ _10\"></span>calculado mediante <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>m\u00e9todo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>nderado, <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>ien, <span class=\"_ _6\"></span>a s<span class=\"_ _6\"></span>u valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>estimado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>realizaci\u00f3n, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i es<span class=\"_ _6\"></span>te \u00fa<span class=\"_ _6\"></span>ltimo es inferior.  Los <span class=\"_ _11\"> </span>derechos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>misi\u00f3n <span class=\"_ _11\"> </span>rec<span class=\"_ _6\"></span>ibidos <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>t\u00edtulo <span class=\"_ _12\"> </span>gratuito,  conforme<span class=\"_ _1\"></span> <span class=\"_ _11\"> </span>al <span class=\"_ _12\"> </span>r\u00e9gimen <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>co<span class=\"_ _6\"></span>mercio <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>derecho<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>de emisi\u00f3n, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _11\"> </span>a <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>valor <span class=\"_ _11\"></span>venal, <span class=\"_ _0\"></span>registr\u00e1<span class=\"_ _6\"></span>ndose <span class=\"_ _11\"></span>com<span class=\"_ _1\"></span>o <span class=\"_ _11\"></span>contrapartida <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>por <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>mismo <span class=\"_ _11\"> </span>importe, <span class=\"_ _11\"></span>una subvenci\u00f3n de capital. Dicha subvenci\u00f3n se imputa a resultados a medida que se consumen los derechos de emisi\u00f3n recibidos.<span class=\"_ _6\"></span> Por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>sumo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>derechos <span class=\"_ _15\"></span>realizado <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>largo <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>registra <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>gasto <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>l\u00ednea <span class=\"_ _6\"></span>\u201cOtros <span class=\"_ _15\"></span>Gastos de <span class=\"_ _6\"></span>explotaci\u00f3n\u201d<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>solidado, <span class=\"_ _15\"></span>reconociendo <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>prov<span class=\"_ _6\"></span>isi\u00f3n <span class=\"_ _6\"></span>cuyo <span class=\"_ _15\"></span>importe <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>calcu<span class=\"_ _6\"></span>la en <span class=\"_ _15\"></span>funci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>derechos <span class=\"_ _15\"></span>c<span class=\"_ _6\"></span>onsu<span class=\"_ _6\"></span>midos, <span class=\"_ _15\"></span>valo<span class=\"_ _6\"></span>rad<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>su <span class=\"_ _15\"></span>coste <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>corresp<span class=\"_ _6\"></span>onde <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el valor <span class=\"_ _e\"></span>en libros <span class=\"_ _a\"></span>para <span class=\"_ _1\"></span>aquellos <span class=\"_ _e\"></span>derechos <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>posean <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>cierre <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>period<span class=\"_ _6\"></span>o, <span class=\"_ _e\"></span>con e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>valor <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>compra <span class=\"_ _e\"></span>establecido en los contratos de compra a plazo d<span class=\"_ _6\"></span>isponibles, y con el valor de mercado al cierre d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>eriodo para el resto de derechos. Cuando <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>derechos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>consumidos <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>entregan <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>autoridades, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>dan <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>baja <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"></span>de Situaci\u00f3n Financiera consolidado tanto las existencias de <span class=\"_ _e\"></span>derechos<span class=\"_ _6\"></span> como la provisi\u00f3n con<span class=\"_ _1\"></span>stituida asociada al consumo de dicho<span class=\"_ _6\"></span>s derechos<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Certificados de <span class=\"_ _6\"></span>garant\u00eda de origen <span class=\"_ _6\"></span>renovable<span class=\"_ _6\"></span>- Los <span class=\"_ _18\"> </span>certificados  de <span class=\"_ _18\"> </span>garant\u00eda<span class=\"_ _6\"></span>  de <span class=\"_ _18\"> </span>origen <span class=\"_ _18\"> </span>renovable  g<span class=\"_ _6\"></span>enerados<span class=\"_ _6\"></span>  en <span class=\"_ _18\"> </span>la  p<span class=\"_ _6\"></span>roducci\u00f3n <span class=\"_ _18\"> </span>de  energ\u00eda <span class=\"_ _18\"> </span>a  partir <span class=\"_ _18\"> </span>de instalaciones p<span class=\"_ _6\"></span>ropias que hacen uso de recursos <span class=\"_ _6\"></span>renovables<span class=\"_ _6\"></span> se <span class=\"ff6\">registran el cap\u00edtulo \u201cExistencias\u201d<span class=\"_ _6\"></span> del Estado </span>de <span class=\"_ _6\"></span>Situaci\u00f3n <span class=\"_ _15\"></span>Financiera <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>valoran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonable <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>certificaci\u00f3n<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Posteriormente,<span class=\"_ _6\"></span> se valoran al menor <span class=\"_ _6\"></span>entre su coste y<span class=\"_ _6\"></span> su valor neto d<span class=\"_ _6\"></span>e realizaci\u00f3n.<span class=\"_ _33\"> </span>3.11<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Subvencione<span class=\"_ _1\"></span>s </span></span>Las subvencion<span class=\"_ _6\"></span>es de capital no reintegrables, asociadas a inversiones en a<span class=\"_ _6\"></span>ctivos productivos, se valoran por el <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>razonable <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>importe <span class=\"_ _15\"></span>concedido, <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>eto <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>costes <span class=\"_ _15\"></span>incurridos <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>obtenci\u00f3n, <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reconocen<span class=\"_ _6\"></span> cuando se <span class=\"_ _e\"></span>han cumplido <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>requisitos asociados a <span class=\"_ _e\"></span>su concesi\u00f3n. <span class=\"_ _e\"></span>Es<span class=\"_ _6\"></span>tas <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ubvenciones se <span class=\"_ _e\"></span>imputa<span class=\"_ _6\"></span>n <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>resultados<span class=\"_ _33\"> </span>en el e<span class=\"_ _1\"></span>p\u00edgrafe \u201c<span class=\"ff4\">Otros ingresos de explotaci\u00f3n<span class=\"_ _6\"></span></span>\u201d en proporci\u00f3n a la dotaci\u00f3n a <span class=\"_ _1\"></span>la amortizaci\u00f3n efectuada en el per\u00edodo para los<span class=\"_ _6\"></span> elementos s<span class=\"_ _6\"></span>ubvencionado<span class=\"_ _6\"></span>s o, en s<span class=\"_ _6\"></span>u caso, cuando<span class=\"_ _6\"></span> se produzca<span class=\"_ _6\"></span> su en<span class=\"_ _15\"></span>ajenaci\u00f3n o<span class=\"_ _6\"></span> correcci\u00f3n valorativa p<span class=\"_ _6\"></span>or deterioro.<span class=\"_ _33\"> </span>Por <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ubvenciones <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>explotaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>i<span class=\"_ _6\"></span>mputan <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>resultados <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ep\u00edgrafe<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>\u201cOt<span class=\"_ _6\"></span>ros <span class=\"_ _0\"></span>ingresos <span class=\"_ _0\"></span>de explotaci\u00f3n\u201d <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se conc<span class=\"_ _6\"></span>eden, ex<span class=\"_ _6\"></span>cepto <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>se con<span class=\"_ _6\"></span>ceden para <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciar <span class=\"_ _6\"></span>gastos <span class=\"_ _6\"></span>espec\u00edficos, en cuyo caso la<span class=\"_ _6\"></span> imputaci\u00f3n s<span class=\"_ _6\"></span>e realizar\u00e1 a medida q<span class=\"_ _6\"></span>ue se devenguen los<span class=\"_ _6\"></span> gastos subvencion<span class=\"_ _6\"></span>ados.<span class=\"_ _6\"></span> Los <span class=\"_ _18\"> </span>pr\u00e9stamos <span class=\"_ _18\"> </span>subvencion<span class=\"_ _6\"></span>ados <span class=\"_ _18\"> </span>sin <span class=\"_ _18\"> </span>inter\u00e9s <span class=\"_ _18\"> </span>o <span class=\"_ _18\"> </span>a  un<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>tipo  de <span class=\"_ _18\"> </span>inter\u00e9s <span class=\"_ _18\"> </span>inferior <span class=\"_ _18\"> </span>al <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>mercado, <span class=\"_ _18\"> </span>otorgados principalmente <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>financiar <span class=\"_ _10\"></span>proyectos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>I+D+i <span class=\"_ _10\"></span>e <span class=\"_ _10\"></span>inversiones <span class=\"_ _10\"></span>produ<span class=\"_ _6\"></span>ctivas, <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>registran <span class=\"_ _10\"></span>inicialmente <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su valor razonable en <span class=\"_ _e\"></span>el ep\u00edgrafe \u201cOtros <span class=\"_ _1\"></span>pasivos financieros\u201d del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _1\"></span>consolidado<span class=\"_ _6\"></span>. La<span class=\"_ _1\"></span> diferencia <span class=\"_ _11\"></span>entre <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>importe<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>recibido <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>pr\u00e9stamo <span class=\"_ _0\"></span>y <span class=\"_ _11\"> </span>su<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>ra<span class=\"_ _6\"></span>zonable <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>re<span class=\"_ _6\"></span>gistra <span class=\"_ _11\"> </span>inicialmente <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el ep\u00edgrafe <span class=\"_ _10\"></span>\u201cSubv<span class=\"_ _6\"></span>enciones\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>Fina<span class=\"_ _6\"></span>nciera <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>solidado, <span class=\"_ _0\"></span>imput\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>result<span class=\"_ _15\"></span><span class=\"ff4\">ados <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el </span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cSub<span class=\"_ _6\"></span>venciones <span class=\"_ _11\"></span>transferidas <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>res<span class=\"_ _6\"></span>ultado <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>ejercicio\u201d <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>medida <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>activos <span class=\"_ _0\"></span>financiad<span class=\"_ _6\"></span>os <span class=\"_ _11\"></span>con dicho pr\u00e9stamo s<span class=\"_ _6\"></span>e amortizan.<span class=\"_ _33\"> </span>3.12<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Instalacione<span class=\"_ _1\"></span>s cedidas a te<span class=\"_ _1\"></span>rceros </span></span>Las <span class=\"_ _15\"></span>compens<span class=\"_ _6\"></span>aciones <span class=\"_ _15\"></span>recibid<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>terceros <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>efectivo <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>cesi\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>derecho <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>uso <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>instalaciones <span class=\"_ _15\"></span>de acceso a la red <span class=\"_ _1\"></span>el\u00e9ctrica se contabilizan con abono al ep\u00edgrafe <span class=\"_ _1\"></span>\u201cPeriodificaciones a Largo Plazo\u201d del Estado de Situaci\u00f3n <span class=\"_ _15\"></span>Fina<span class=\"_ _6\"></span>nciera <span class=\"_ _15\"></span>conso<span class=\"_ _6\"></span>lidado, <span class=\"_ _15\"></span>impu<span class=\"_ _6\"></span><span class=\"ff6\">t\u00e1<span class=\"_ _6\"></span>ndose <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>resultados <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cOtros<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ingres<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>explotaci\u00f3n\u201d </span>del Estado d<span class=\"_ _6\"></span>e resultado consolidado lin<span class=\"_ _6\"></span>ealmente en el period<span class=\"_ _6\"></span>o de vigencia del derecho.<span class=\"_ _15\"></span> El Grupo mantiene ingresos anticipados por e<span class=\"_ _1\"></span>ste concepto al 31 <span class=\"_ _1\"></span>de diciembre <span class=\"_ _1\"></span>de 2024 y 2023 por importe de 2.565 <span class=\"ff6\">miles \u20ac y </span>2.713 <span class=\"_ _6\"></span><span class=\"ff6\">miles \u20ac, resp<span class=\"_ _6\"></span>ectivamente.</span> 3.13<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Provisiones <span class=\"_ _1\"></span>y contingencia<span class=\"_ _e\"></span>s<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"><span class=\"_ _6\"></span> </span></span>ENCE recoge provisiones para hacer <span class=\"_ _1\"></span>frente a obligaciones presentes, ya <span class=\"_ _1\"></span>sean legales o impl\u00edcitas, que tienen<span class=\"_ _1\"></span> su orige<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>sucesos ya <span class=\"_ _e\"></span>acaec<span class=\"_ _6\"></span>idos,<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>siempre <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ea <span class=\"_ _1\"></span>probabl<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _1\"></span>vaya a <span class=\"_ _e\"></span>ser necesaria <span class=\"_ _e\"></span>una<span class=\"_ _6\"></span> salida <span class=\"_ _e\"></span>de recursos para liquidarlas<span class=\"_ _6\"></span>, y que su importe se p<span class=\"_ _6\"></span>ueda <span class=\"_ _6\"></span>estimar razonablement<span class=\"_ _6\"></span>e.  Su <span class=\"_ _e\"></span>dota<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _e\"></span>se e<span class=\"_ _1\"></span>fect\u00faa <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>nacimiento <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>responsab<span class=\"_ _6\"></span>ilidad <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>obligaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ep\u00edgrafe del <span class=\"_ _e\"></span>Estad<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>Resultado <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>solidado<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>corr<span class=\"_ _6\"></span>esponda <span class=\"_ _6\"></span>seg\u00fan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>naturaleza <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>obligaci\u00f3n, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>resente <span class=\"_ _6\"></span>de la <span class=\"_ _1c\"> </span>misma <span class=\"_ _17\"> </span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _1c\"> </span>el <span class=\"_ _17\"> </span>efecto <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>esta <span class=\"_ _17\"> </span>act<span class=\"_ _6\"></span>ualizaci\u00f3n <span class=\"_ _1c\"> </span>resulte <span class=\"_ _1c\"> </span>significativo. <span class=\"_ _1c\"> </span>La <span class=\"_ _1c\"> </span>variaci\u00f3n <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>la <span class=\"_ _17\"> </span>prov<span class=\"_ _6\"></span>isi\u00f3n correspondiente a la <span class=\"_ _e\"></span>actualizaci\u00f3<span class=\"_ _6\"></span>n financiera <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e cada <span class=\"_ _e\"></span>ejerci<span class=\"_ _6\"></span>cio se <span class=\"_ _1\"></span>registra en <span class=\"_ _e\"></span>el ep\u00edgrafe \u201cGastos financieros\u201d del Estado d<span class=\"_ _6\"></span>e Resultado consolidado<span class=\"_ _6\"></span>. Las <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>rovisiones, <span class=\"_ _11\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>cuantifican <span class=\"_ _0\"></span>ten<span class=\"_ _6\"></span>iendo <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>consideraci\u00f3n <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>mejor <span class=\"_ _0\"></span>informaci\u00f3n <span class=\"_ _11\"> </span>disponible <span class=\"_ _11\"></span>sobre <span class=\"_ _0\"></span>las consecuencias <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>suceso <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>traen <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>causa, <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>reestimadas <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>ocasi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>cada <span class=\"_ _10\"></span>cierre <span class=\"_ _10\"></span>contab<span class=\"_ _6\"></span>le (v\u00e9ase Nota 4). Se u<span class=\"_ _6\"></span>tiliza una ta<span class=\"_ _6\"></span>sa libre de riesgo para <span class=\"_ _6\"></span>actualizar las prov<span class=\"_ _6\"></span>isiones financieramente.<span class=\"_ _33\"> </span>Los pa<span class=\"_ _1\"></span>sivos contingentes <span class=\"_ _e\"></span>constituy<span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>obligaciones po<span class=\"_ _1\"></span>sibles c<span class=\"_ _e\"></span>on<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>terceras <span class=\"_ _1\"></span>partes <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>ob<span class=\"_ _6\"></span>ligaciones e<span class=\"_ _1\"></span>xistentes que<span class=\"_ _1\"></span> no son recono<span class=\"_ _6\"></span>cidas bien p<span class=\"_ _6\"></span>orque no es p<span class=\"_ _6\"></span>robable que s<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>duzca un<span class=\"_ _6\"></span>a salida d<span class=\"_ _6\"></span>e flujos econ\u00f3<span class=\"_ _6\"></span>micos requerida para <span class=\"_ _10\"></span>cancelar <span class=\"_ _0\"></span>dicha <span class=\"_ _10\"></span>obligaci\u00f3n, <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _0\"></span>porq<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>salida <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>flujo<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>puede <span class=\"_ _10\"></span>ser <span class=\"_ _10\"></span>estimado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de forma fiable. Los <span class=\"_ _15\"></span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>tingentes <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _15\"></span>an<span class=\"_ _6\"></span>uales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>solidadas, <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ino <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>obre los mismos en la memoria, <span class=\"_ _6\"></span>en la medida en q<span class=\"_ _6\"></span>ue no sean co<span class=\"_ _6\"></span>nsiderados co<span class=\"_ _6\"></span>mo remotos.<span class=\"_ _33\"> </span>Indemnizac<span class=\"_ _6\"></span>iones por cese<span class=\"_ _33\"> </span>De <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>reglamentaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>laboral <span class=\"_ _0\"></span>vigente, <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>obligado <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>pago <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>indemnizaciones <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los empleados <span class=\"_ _f\"> </span>con <span class=\"_ _23\"> </span>los <span class=\"_ _23\"> </span>qu<span class=\"_ _6\"></span>e, <span class=\"_ _f\"> </span>bajo <span class=\"_ _23\"> </span>determinadas <span class=\"_ _f\"> </span>condiciones, <span class=\"_ _f\"> </span>rescinda <span class=\"_ _23\"> </span>su<span class=\"_ _6\"></span>s <span class=\"_ _23\"> </span>relaciones<span class=\"_ _6\"></span> <span class=\"_ _23\"> </span>laborales. <span class=\"_ _f\"> </span>Las indemnizaciones <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>cese <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>xis<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>plan <span class=\"_ _15\"></span>formal <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>etallado <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>llevar <span class=\"_ _15\"></span>a cabo <span class=\"_ _12\"> </span>la <span class=\"_ _1a\"> </span>restructuraci\u00f3n  y <span class=\"_ _11\"> </span>se  ha <span class=\"_ _11\"> </span>generado  una <span class=\"_ _11\"> </span>expectativ<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>v\u00e1lid<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>entre <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>pers<span class=\"_ _6\"></span>onal <span class=\"_ _12\"> </span>afectado  de <span class=\"_ _11\"> </span>que <span class=\"_ _12\"> </span>la reestructuraci\u00f3n <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>va <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>llevar <span class=\"_ _10\"></span>a <span class=\"_ _11\"> </span>cabo<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>No <span class=\"_ _11\"></span>se <span class=\"_ _10\"></span>dis<span class=\"_ _6\"></span>pone <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>rovisiones <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>cepto <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>cierre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los ejercicios 2024 y 2023.<span class=\"_ _33\"> </span>Procedimientos ju<span class=\"_ _6\"></span>diciales y/o reclamacion<span class=\"_ _6\"></span>es en curso<span class=\"_ _6\"></span> Al  cie<span class=\"_ _1\"></span>rre  de  los <span class=\"_ _12\"> </span>ejer<span class=\"_ _6\"></span>cicios  2024  y  2023 <span class=\"_ _12\"> </span>se  encontrab<span class=\"_ _6\"></span>an  en <span class=\"_ _12\"> </span>cu<span class=\"_ _6\"></span>rso  distintos  procedimientos  judiciales  y reclamaciones <span class=\"_ _1e\"> </span>entab<span class=\"_ _6\"></span>lados <span class=\"_ _1e\"> </span>contra <span class=\"_ _1e\"> </span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _1e\"> </span>con <span class=\"_ _1e\"> </span>origen <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _1e\"> </span>desar<span class=\"_ _6\"></span>rollo <span class=\"_ _1e\"> </span>habitual <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>sus <span class=\"_ _1e\"> </span>actividades<span class=\"_ _6\"></span>. <span class=\"_ _1e\"> </span>Los Administradores,  considerando  la <span class=\"_ _12\"> </span>opini\u00f3n  de <span class=\"_ _12\"> </span>los  asesores  legale<span class=\"_ _1\"></span>s,  estiman <span class=\"_ _12\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>la  conclusi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>estos procedimientos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>reclamaciones <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>producir\u00e1 <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>efecto <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ignificativo <span class=\"_ _10\"></span>adicional <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ya <span class=\"_ _15\"></span>recogidos <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>estos estados finan<span class=\"_ _6\"></span>cieros.<span class=\"_ _33\"> </span>3.14<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Prestaciones Pos<span class=\"_ _1\"></span>t empleo y otros<span class=\"_ _1\"></span> beneficios so<span class=\"_ _1\"></span>ciales </span></span>Las sociedades del <span class=\"_ _e\"></span>Grupo<span class=\"_ _6\"></span>, en <span class=\"_ _1\"></span>su mayor parte, tienen <span class=\"_ _1\"></span>establecido un compromiso de <span class=\"_ _1\"></span>aportaci\u00f3n<span class=\"_ _6\"></span> definida <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> el <span class=\"_ _0\"></span>personal <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>permanece <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>cierre <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _0\"></span>consistente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>aportaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la Sociedad y del trab<span class=\"_ _6\"></span>ajador de <span class=\"_ _6\"></span>un porcentaje p<span class=\"_ _6\"></span>reestablecido d<span class=\"_ _6\"></span>el sueldo pension<span class=\"_ _6\"></span>able al \u201cPla<span class=\"_ _6\"></span>n de pension<span class=\"_ _6\"></span>es de Promoci\u00f3n <span class=\"_ _15\"></span>Conju<span class=\"_ _6\"></span>n<span class=\"ff6\">ta\u201d <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _15\"></span>promovido <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>amparo <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>ar<span class=\"_ _6\"></span>t\u00edculo <span class=\"_ _15\"></span>40 <span class=\"_ _15\"></span>d) <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Reglamento <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Planes <span class=\"_ _15\"></span>y </span>Fondos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Pension<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>(aportaci\u00f3n <span class=\"_ _15\"></span>definida). <span class=\"_ _15\"></span>Este <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lan <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pensiones <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>encuentra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>integrado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _0\"></span>fondo <span class=\"_ _15\"></span>de Pensiones <span class=\"_ _0\"></span>SERVIREN<span class=\"_ _6\"></span>TA <span class=\"_ _0\"></span>II <span class=\"_ _0\"></span>F.P. <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>cobertura <span class=\"_ _0\"></span>tanto<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>prestaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>jubilaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or invalidez y <span class=\"_ _1\"></span>fallecimiento de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> part\u00edcipes. <span class=\"_ _1\"></span>El Grupo <span class=\"_ _e\"></span>no tiene <span class=\"_ _1\"></span>compromisos de <span class=\"_ _1\"></span>prestaci\u00f3n definida <span class=\"_ _e\"></span>relevan<span class=\"_ _6\"></span>tes.<span class=\"_ _15\"></span> Con car\u00e1cter <span class=\"_ _6\"></span>general, <span class=\"_ _6\"></span>y en <span class=\"_ _6\"></span>relaci\u00f3n<span class=\"_ _6\"></span> al <span class=\"_ _6\"></span>componente d<span class=\"_ _6\"></span>e ahorro<span class=\"_ _6\"></span>, el b<span class=\"_ _6\"></span>eneficiario ap<span class=\"_ _6\"></span>orta el <span class=\"_ _6\"></span>1% <span class=\"_ _6\"></span>de su<span class=\"_ _6\"></span> retribuci\u00f3n fija y <span class=\"_ _6\"></span>ENCE ap<span class=\"_ _6\"></span>orta en to<span class=\"_ _6\"></span>rno al 5% <span class=\"_ _6\"></span>de \u00e9sta. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>su parte, <span class=\"_ _6\"></span>el componente <span class=\"_ _6\"></span>de riesgo, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se materializa en <span class=\"_ _6\"></span>una p\u00f3liza <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>seguro <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>vida <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>accidentes, <span class=\"_ _15\"></span>s<span class=\"_ _15\"></span>e <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cia <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>50% <span class=\"_ _10\"></span>entre <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>partes. <span class=\"_ _10\"></span>Las <span class=\"_ _10\"></span>contingencias <span class=\"_ _10\"></span>cubiertas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por dicha <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>\u00f3liza <span class=\"_ _6\"></span>son <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iguientes: <span class=\"_ _6\"></span>ju<span class=\"_ _6\"></span>bilaci\u00f3n, <span class=\"_ _15\"></span>invalidez <span class=\"_ _6\"></span>permanente <span class=\"_ _15\"></span>total, <span class=\"_ _15\"></span>incapacidad <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ermanente <span class=\"_ _6\"></span>abso<span class=\"_ _6\"></span>luta, y el <span class=\"_ _6\"></span>fallecimiento. <span class=\"_ _15\"></span>El <span class=\"_ _6\"></span>cap<span class=\"_ _6\"></span>ital <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>egurado <span class=\"_ _6\"></span>equ<span class=\"_ _6\"></span>ivale <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>35 <span class=\"_ _6\"></span>mensualid<span class=\"_ _6\"></span>ades <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>retribu<span class=\"_ _15\"></span>ci\u00f3n <span class=\"_ _15\"></span>fija, <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>doble <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>caso de que las contin<span class=\"_ _6\"></span>gencias sean derivadas<span class=\"_ _6\"></span> de accidente.<span class=\"_ _6\"></span> Para determinados directivos del <span class=\"_ _e\"></span>Grupo, entre los que <span class=\"_ _e\"></span>se incluye al Presidente <span class=\"_ _1\"></span>y a <span class=\"_ _e\"></span>la alta direcci\u00f3n, existe <span class=\"_ _1\"></span>un sistema <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>revisi\u00f3n <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ocial, <span class=\"_ _10\"></span>c<span class=\"_ _6\"></span>omplementario <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>plan <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>pen<span class=\"_ _6\"></span>siones <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>empleo, <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>trumentado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>tra<span class=\"_ _6\"></span>v\u00e9s <span class=\"_ _10\"></span>de seguros colectivos<span class=\"_ _6\"></span>, destinado a cubrir tan<span class=\"_ _6\"></span>to la jubilaci\u00f3n como los<span class=\"_ _6\"></span> riesgos de invalidez y fallecimiento de los<span class=\"_ _6\"></span> asegurados.  Las <span class=\"_ _15\"></span>contribucion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>planes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>presta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>post <span class=\"_ _15\"></span>empleo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>ortaci\u00f3n <span class=\"_ _15\"></span>definida <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>gasto en el ep\u00edgrafe \u201cGastos<span class=\"_ _6\"></span> de personal\u201d d<span class=\"_ _6\"></span>el Estado de Resulta<span class=\"_ _6\"></span>do consolidado d<span class=\"_ _6\"></span>e acuerdo a su devengo.<span class=\"_ _33\"> </span>Por <span class=\"_ _0\"></span>otra <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>colectivo <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>antiguos <span class=\"_ _0\"></span>trab<span class=\"_ _6\"></span>ajadores <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>filial <span class=\"_ _11\"></span>Celulosas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Asturias, <span class=\"_ _11\"></span>S.A. <span class=\"_ _10\"></span>manti<span class=\"_ _6\"></span>ene <span class=\"_ _0\"></span>un beneficio consis<span class=\"_ _6\"></span>tente en <span class=\"_ _6\"></span>un seguro <span class=\"_ _6\"></span>de v<span class=\"_ _6\"></span>ida e <span class=\"_ _6\"></span>incapacidad<span class=\"_ _6\"></span>. Este compromiso<span class=\"_ _6\"></span> se <span class=\"_ _6\"></span>externaliz\u00f3 en <span class=\"_ _6\"></span>2014 a <span class=\"_ _6\"></span>trav\u00e9s de una compa\u00f1\u00eda <span class=\"_ _6\"></span>de seguros. Planes de ince<span class=\"_ _6\"></span>ntivos a largo p<span class=\"_ _6\"></span>lazo El <span class=\"_ _11\"> </span>Grupo <span class=\"_ _12\"> </span>valora <span class=\"_ _12\"> </span>estos <span class=\"_ _11\"> </span>compromisos <span class=\"_ _12\"> </span>con <span class=\"_ _11\"> </span>empleados<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>cada <span class=\"_ _11\"> </span>fecha <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>considerando <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>valor estimado <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>compromis<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>vencimiento <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>tiempo <span class=\"_ _0\"></span>transcurrido <span class=\"_ _0\"></span>resp<span class=\"_ _6\"></span>ecto <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>periodo<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de devengo. Estos <span class=\"_ _10\"></span>compromisos <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cGastos <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>person<span class=\"_ _6\"></span>al\u201d <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>Resultado <span class=\"_ _10\"></span>consolidad<span class=\"_ _6\"></span>o linealmente <span class=\"_ _11\"> </span>dura<span class=\"_ _6\"></span>nte <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>per\u00edo<span class=\"_ _6\"></span>do <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>devengo <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>Plan <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>Incentivos, <span class=\"_ _11\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>su <span class=\"_ _11\"> </span>contrapartid<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>ser\u00e1 <span class=\"_ _11\"> </span>dis<span class=\"_ _6\"></span>tinta <span class=\"_ _11\"> </span>en<span class=\"_ _33\"> </span>funci\u00f3n d<span class=\"_ _6\"></span>el modo <span class=\"_ _6\"></span>de liquid<span class=\"_ _6\"></span>aci\u00f3n. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>el caso <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>comp<span class=\"_ _6\"></span>romisos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se liquid<span class=\"_ _6\"></span>an en <span class=\"_ _6\"></span>acciones d<span class=\"_ _6\"></span>e ENCE, <span class=\"_ _6\"></span>el gas<span class=\"_ _6\"></span>to devengado <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>reconocer\u00e1 <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cPatrimonio <span class=\"_ _10\"></span>neto <span class=\"_ _11\"></span>\u2013<span class=\"ff4\"> <span class=\"_ _15\"></span></span>Otros <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>patrimonio <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>eto\u201d <span class=\"_ _10\"></span>del Estado <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>Situaci\u00f3n <span class=\"_ _1c\"> </span>Fina<span class=\"_ _6\"></span>nciera <span class=\"_ _1b\"> </span>consolidado, <span class=\"_ _1b\"> </span>teniendo <span class=\"_ _1b\"> </span>en <span class=\"_ _1b\"> </span>consideraci\u00f3n <span class=\"_ _1b\"> </span>el <span class=\"_ _1c\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1b\"> </span>razonable <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>los<span class=\"_ _6\"></span> instrumentos <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>patrimonio <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>concesi\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>pasivo <span class=\"_ _0\"></span>devengado <span class=\"_ _0\"></span>asociad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los compromisos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>liqu<span class=\"_ _6\"></span>idan en <span class=\"_ _6\"></span>efectivo <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>reconocer\u00e1 <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>abono <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _6\"></span>\u201cProvisiones\u201d <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>asivo <span class=\"_ _6\"></span>del Estado de Situaci\u00f3n Fin<span class=\"_ _6\"></span>anciera con<span class=\"_ _6\"></span>solidado.<span class=\"_ _6\"></span> Las <span class=\"_ _0\"></span>estimacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>realizadas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>para <span class=\"_ _11\"></span>valorar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>comp<span class=\"_ _6\"></span>romiso <span class=\"_ _0\"></span>asumido <span class=\"_ _11\"> </span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ersonal <span class=\"_ _11\"></span>son <span class=\"_ _0\"></span>revisadas <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>cada cierre <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>table, <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>impacto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>variaciones <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>registra<span class=\"_ _15\"></span>, <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _0\"></span>prosp<span class=\"_ _6\"></span>ectiva, <span class=\"_ _0\"></span>durante <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>de devengo restante.<span class=\"_ _33\"> </span>3.15<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Reconocimiento<span class=\"_ _1\"></span> de ingresos y <span class=\"_ _1\"></span>gastos<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"> </span></span>Los \u201cIngresos<span class=\"_ _6\"></span> ordinarios\u201d <span class=\"_ _6\"></span><span class=\"ff4\">derivados de contra<span class=\"_ _6\"></span>tos con clientes se reconocen en<span class=\"_ _6\"></span> funci\u00f3n del cumpli<span class=\"_ _6\"></span>miento de </span>las  o<span class=\"_ _6\"></span>bligaciones <span class=\"_ _18\"> </span>de  desempe\u00f1o<span class=\"_ _6\"></span>  con <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>clientes,  y <span class=\"_ _1e\"> </span>representan<span class=\"_ _6\"></span>  los <span class=\"_ _18\"> </span>importes <span class=\"_ _18\"> </span>a  cobrar <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>los  bienes entregados y servicios prestados en el marco ordinario de la actividad,<span class=\"_ _6\"></span> netos de devoluciones y descuentos, y <span class=\"_ _6\"></span>cantid<span class=\"_ _6\"></span>ades <span class=\"_ _6\"></span>recibidas <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>terceros, <span class=\"_ _15\"></span>tales <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>impuesto <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>a\u00f1adido. <span class=\"_ _15\"></span>Los <span class=\"_ _6\"></span>i<span class=\"_ _15\"></span>ngreso<span class=\"_ _6\"></span>s se  reconocen  cuando  se  pueden  medir  con  fiabilidad  y  es  probable  que  ENCE  recibir\u00e1  los  benef<span class=\"_ _15\"></span>icios econ\u00f3micos asociado<span class=\"_ _6\"></span>s a la transacci\u00f3n<span class=\"_ _6\"></span>, y se valoran por el valor razo<span class=\"_ _6\"></span>nable de la contra<span class=\"_ _6\"></span>prestaci\u00f3n recibida o a recibir.<span class=\"_ _33\"> </span>En este sentido, los ingresos procedentes de la venta de bienes se reconocen cuando se trans<span class=\"_ _6\"></span>fiere al cliente el <span class=\"_ _11\"> </span>contro<span class=\"_ _6\"></span>l <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>obre <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>mismos,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>mom<span class=\"_ _6\"></span>ento <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>enta <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>celulosa <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>determina  en <span class=\"_ _11\"> </span>base <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>incoterm (t\u00e9rminos <span class=\"_ _12\"> </span>internacionales <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>comercio<span class=\"_ _6\"></span>) <span class=\"_ _11\"> </span>ap<span class=\"_ _6\"></span>licado <span class=\"_ _12\"> </span>a<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>cad<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>transacci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>venta <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>madera <span class=\"_ _12\"> </span>coincide normalmente <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>entrega <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>cliente. <span class=\"_ _15\"></span>La<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>obligaciones <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _15\"></span>clientes <span class=\"_ _10\"></span>se completan <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>el  momento<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>la  entrega <span class=\"_ _18\"> </span>del <span class=\"_ _18\"> </span>bien, <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>las <span class=\"_ _18\"> </span>devoluciones <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>parte  de <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>clientes <span class=\"_ _18\"> </span>son excepcionales. Por <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>arte, <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>ingresos <span class=\"_ _15\"></span>asociados <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>venta <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>electricidad <span class=\"_ _10\"></span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>tarifa <span class=\"_ _10\"></span>percibida <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>mercado, <span class=\"_ _10\"></span>as\u00ed como <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>rimas <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>fuentes <span class=\"_ _0\"></span>renovab<span class=\"_ _6\"></span>les <span class=\"_ _10\"></span>legalmente <span class=\"_ _0\"></span>reconocidas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>sus mecanismos de ajus<span class=\"_ _6\"></span>te o comp<span class=\"_ _6\"></span>ensaci\u00f3n (Vajd<span class=\"_ _6\"></span>m), y se recon<span class=\"_ _6\"></span>ocen en <span class=\"_ _6\"></span>el momento de<span class=\"_ _6\"></span> su gen<span class=\"_ _6\"></span>eraci\u00f3n y entrega al cliente, en funci\u00f3n<span class=\"_ _6\"></span> de las cantid<span class=\"_ _6\"></span>ades suminis<span class=\"_ _6\"></span>tradas, y <span class=\"_ _6\"></span>por el importe bruto d<span class=\"_ _6\"></span>e venta, en <span class=\"_ _6\"></span>la medida en que<span class=\"_ _6\"></span> se act\u00faa como prin<span class=\"_ _6\"></span>cipal. El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>Ence <span class=\"_ _0\"></span>ha <span class=\"_ _11\"></span>suscrito <span class=\"_ _0\"></span>acuerdos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>biometano<span class=\"_ _15\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _11\"></span>(Biomethane <span class=\"_ _0\"></span>an<span class=\"_ _6\"></span>d <span class=\"_ _0\"></span>Power <span class=\"_ _0\"></span>Purchas<span class=\"_ _6\"></span>e Agreement). Estos co<span class=\"_ _6\"></span>ntratos que su<span class=\"_ _6\"></span>ponen la entrega f\u00edsica d<span class=\"_ _6\"></span>e energ\u00eda, como norma <span class=\"_ _6\"></span>general, s<span class=\"_ _6\"></span>on calificados como <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>tratos <span class=\"_ _0\"></span>destinados <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>cub<span class=\"_ _6\"></span>rir <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>n<span class=\"_ _6\"></span>ecesidades <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>compra, <span class=\"_ _0\"></span>venta <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>tilizaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _0\"></span>quedando fuera <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>alcance <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>NIIF <span class=\"_ _10\"></span>9 <span class=\"_ _15\"></span>y <span class=\"_ _0\"></span>se <span class=\"_ _15\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>contablemente <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>medida <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _10\"></span>recibe <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>transmite <span class=\"_ _10\"></span>los derechos y obligacion<span class=\"_ _6\"></span>es originados p<span class=\"_ _6\"></span>or los mismos.<span class=\"_ _33\"> </span>Los <span class=\"_ _6\"></span>ingresos <span class=\"_ _6\"></span>asociad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>prestaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e recono<span class=\"_ _6\"></span>cen <span class=\"_ _6\"></span>considerando <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>grado<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de realizaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e la prestaci\u00f3n <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cierr<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>estados <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cieros, <span class=\"_ _15\"></span>siempre <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>cuando <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>trans<span class=\"_ _6\"></span>acci\u00f3n pueda ser estimado co<span class=\"_ _6\"></span>n fiabilidad. <span class=\"_ _6\"></span> Los in<span class=\"_ _6\"></span>gresos por <span class=\"_ _6\"></span>intereses se <span class=\"_ _6\"></span>reconocen siguiend<span class=\"_ _6\"></span>o un <span class=\"_ _6\"></span>criterio finan<span class=\"_ _6\"></span>ciero, en <span class=\"_ _6\"></span>funci\u00f3n <span class=\"_ _6\"></span>del principal <span class=\"_ _6\"></span>pendiente de pago, el plazo h<span class=\"_ _6\"></span>asta el vencimiento, y<span class=\"_ _6\"></span> el tipo de inter\u00e9s efectiv<span class=\"_ _6\"></span>o aplicable.<span class=\"_ _33\"> </span>Los <span class=\"_ _15\"></span>ingresos <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>dividend<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>procedentes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inv<span class=\"_ _6\"></span>ersiones <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>derecho <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>su percepci\u00f3n. Los <span class=\"_ _0\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _11\"></span>a <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>devengo. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e reconoce un gasto d<span class=\"_ _6\"></span>e forma inmediata cu<span class=\"_ _6\"></span>ando no s<span class=\"_ _6\"></span>e prev\u00e9 que genere beneficios econ<span class=\"_ _6\"></span>\u00f3micos futuros<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Ingresos por ventas de<span class=\"_ _6\"></span> electric<span class=\"_ _6\"></span>idad- De acu<span class=\"_ _6\"></span>erdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>lo <span class=\"_ _15\"></span>establecido <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>R<span class=\"_ _6\"></span>D <span class=\"_ _6\"></span>413/2014, <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e gen<span class=\"_ _6\"></span>eraci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>energ\u00eda reno<span class=\"_ _6\"></span>vable <span class=\"_ _6\"></span>en Espa\u00f1a reciben determinados <span class=\"_ _1\"></span>incentivos, estableciendo que, <span class=\"_ _1\"></span>adicionalmente a <span class=\"_ _1\"></span>la retribuci\u00f3n por la <span class=\"_ _e\"></span>venta de energ\u00eda generada valorada a precio de mercado, las instalaciones podr\u00e1n<span class=\"_ _6\"></span> percibir una retribuci\u00f3n espec\u00edfica compuesta por un <span class=\"_ _e\"></span>t\u00e9rmino por <span class=\"_ _1\"></span>unidad de <span class=\"_ _1\"></span>potencia (retribuci\u00f3n <span class=\"_ _1\"></span>a la <span class=\"_ _e\"></span>inversi\u00f3n<span class=\"_ _6\"></span>) que <span class=\"_ _e\"></span>cub<span class=\"_ _6\"></span>ra c<span class=\"_ _1\"></span>uando proceda lo<span class=\"_ _1\"></span>s costes de invers<span class=\"_ _6\"></span>i\u00f3n de una <span class=\"_ _6\"></span>instalaci\u00f3n tipo (IT) que n<span class=\"_ _6\"></span>o pued<span class=\"_ _6\"></span>en ser recuperados p<span class=\"_ _6\"></span>or la <span class=\"_ _15\"></span>venta d<span class=\"_ _6\"></span>e energ\u00eda y u<span class=\"_ _6\"></span>n t\u00e9rmino <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>operaci\u00f3n <span class=\"_ _11\"> </span>(retribuci\u00f3n <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>operaci\u00f3n) <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>cubra <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _11\"> </span>caso, <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>diferencia <span class=\"_ _11\"></span>entre <span class=\"_ _11\"></span>costes <span class=\"_ _11\"></span>de<span class=\"_ _33\"> </span>explotaci\u00f3n y <span class=\"_ _1\"></span>los ingresos <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>la participaci\u00f3n en <span class=\"_ _1\"></span>el m<span class=\"_ _1\"></span>ercado de <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>icha instalaci\u00f3n. <span class=\"_ _1\"></span>El <span class=\"_ _1\"></span>RD est<span class=\"_ _1\"></span>ablece, asimismo, que mediante orden ministeri<span class=\"_ _6\"></span>al se actualizar\u00e1n determinados par\u00e1metros retributiv<span class=\"_ _6\"></span>os en cada semiper\u00edodo regulatorio de tres a\u00f1os<span class=\"_ _6\"></span> de duraci\u00f3n (v\u00e9as<span class=\"_ _6\"></span>e Anexo III <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> Marco Regulato<span class=\"_ _6\"></span>rio del Sector En<span class=\"_ _6\"></span>erg\u00e9tico). <span class=\"_ _6\"></span> Entre <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>aspectos <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>esarrollados <span class=\"_ _10\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>mencionado <span class=\"_ _10\"></span>Real <span class=\"_ _10\"></span>Decreto, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>diferencias <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se producen <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _11\"> </span>entre <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>ingresos <span class=\"_ _0\"></span>por <span class=\"_ _11\"> </span>venta <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>energ\u00eda <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>precio <span class=\"_ _11\"> </span>estimado, <span class=\"_ _11\"></span>estimaci\u00f3n <span class=\"_ _11\"></span>que determina <span class=\"_ _6\"></span>el regulad<span class=\"_ _6\"></span>or al <span class=\"_ _6\"></span>inici<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>semiper<span class=\"_ _6\"></span>\u00edodo <span class=\"_ _6\"></span>regula<span class=\"_ _6\"></span>torio <span class=\"_ _6\"></span>trianual, <span class=\"_ _6\"></span>y los<span class=\"_ _6\"></span> ingreso<span class=\"_ _6\"></span>s po<span class=\"_ _6\"></span>r venta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>precio medio real <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e m<span class=\"_ _6\"></span>ercado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>dich<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>ejercicio, s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>regularizan <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>obtener <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>futuros <span class=\"_ _6\"></span>a trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>aj<span class=\"_ _6\"></span>uste <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>\u201cRetribuci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>invers<span class=\"_ _6\"></span>i\u00f3n\u201d. <span class=\"_ _0\"></span>Dicha <span class=\"_ _10\"></span>diferencia <span class=\"_ _0\"></span>denominada <span class=\"_ _0\"></span>\u201c<span class=\"_ _15\"></span><span class=\"ff4\">Valor <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>aj<span class=\"_ _6\"></span>uste <span class=\"_ _0\"></span>por </span>desviaciones <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>pre<span class=\"_ _6\"></span>cio <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>mercado<span class=\"_ _6\"></span>- <span class=\"_ _e\"></span><span class=\"ff6\">Vajdm\u201d <span class=\"_ _e\"></span>vien<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>regula<span class=\"_ _6\"></span>da <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>art\u00edculo <span class=\"_ _1\"></span>22 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>dicho <span class=\"_ _e\"></span>R<span class=\"_ _6\"></span>eal <span class=\"_ _e\"></span>Decreto <span class=\"_ _e\"></span>(v<span class=\"_ _6\"></span>\u00e9anse </span>Nota <span class=\"lse\">9 </span>y An<span class=\"_ _6\"></span>exo III). El  tratamiento  contable  aplicado  por  ENCE<span class=\"_ _6\"></span>  al  Vajdm  qued\u00f3  recogido  en  el  documento  \u201cCriterio  para contabilizar <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u201cValor<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>aj<span class=\"_ _6\"></span>ustes <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>esviaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mercado\u201d<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>(Vajdm), <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>el art\u00edculo 22 del real decreto 41<span class=\"_ _6\"></span>3/2014\u201d publicad<span class=\"_ _6\"></span>o po<span class=\"_ _6\"></span><span class=\"ff4\">r la CNMV el 22 de octub<span class=\"_ _6\"></span>re de 2021: <span class=\"_ _6\"></span> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Con car\u00e1cter general se <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ce en el <span class=\"_ _6\"></span>Estad<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>Situaci\u00f3n Financiera <span class=\"_ _6\"></span>cada u<span class=\"_ _6\"></span>na d<span class=\"_ _6\"></span>e las d<span class=\"_ _6\"></span>esviaciones del </span></span>mercado, pos<span class=\"_ _6\"></span>itivas y <span class=\"_ _6\"></span>negativas <span class=\"_ _6\"></span>que surgen <span class=\"_ _6\"></span>al amp<span class=\"_ _6\"></span>aro del <span class=\"_ _6\"></span>RD 413/2014 <span class=\"_ _6\"></span>con con<span class=\"_ _6\"></span>trapartida en <span class=\"_ _6\"></span>el importe<span class=\"_ _6\"></span> neto de la cifra de negocios. <span class=\"_ _15\"></span> En este sentido, los ajustes por desviacion<span class=\"_ _6\"></span>es del pool positivos netos qu<span class=\"_ _6\"></span>e se vayan generando a lo largo de <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>mismo <span class=\"_ _6\"></span>semiperiodo <span class=\"_ _15\"></span>regulato<span class=\"_ _6\"></span>rio <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>representa<span class=\"_ _6\"></span>r\u00e1n <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>incremento <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>retribu<span class=\"_ _6\"></span>ciones <span class=\"_ _6\"></span>futu<span class=\"_ _6\"></span>ras recibidas de <span class=\"_ _1\"></span>CNMC se <span class=\"_ _1\"></span>registran<span class=\"_ _6\"></span> como <span class=\"_ _e\"></span>un<span class=\"_ _6\"></span> activo <span class=\"_ _1\"></span>en el <span class=\"ff6\">ep\u00edgrafe \u201cOtras <span class=\"_ _1\"></span>inversiones financieras\u201d y como <span class=\"_ _e\"></span>un </span>mayor ingreso <span class=\"_ _6\"></span>asociad<span class=\"_ _6\"></span>o a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>venta d<span class=\"_ _6\"></span>e electricidad. <span class=\"_ _6\"></span>Dich<span class=\"_ _6\"></span>o ac<span class=\"_ _6\"></span>tivo <span class=\"_ _6\"></span>neto, un<span class=\"_ _6\"></span>a vez <span class=\"_ _6\"></span>finalizado <span class=\"_ _6\"></span>el semiperiodo<span class=\"_ _6\"></span> regulatorio <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>rev<span class=\"_ _6\"></span>ierte <span class=\"_ _10\"></span>redu<span class=\"_ _6\"></span>ciendo <span class=\"_ _0\"></span>el <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>greso <span class=\"_ _10\"></span>asociad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>venta<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>electricidad<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>vi<span class=\"_ _10\"></span>da regulatoria restante de la in<span class=\"_ _6\"></span>stalaci\u00f3n.<span class=\"_ _6\"></span> Por su <span class=\"_ _1\"></span>parte, los <span class=\"_ _1\"></span>ajustes por de<span class=\"_ _1\"></span>sviaciones del pool <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>egativos netos que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e vayan ge<span class=\"_ _1\"></span>nerando a <span class=\"_ _1\"></span>lo largo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e un <span class=\"_ _11\"> </span>mismo <span class=\"_ _12\"> </span>semiperiodo <span class=\"_ _12\"> </span>regulatorio <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>representar\u00e1n <span class=\"_ _12\"> </span>una <span class=\"_ _11\"> </span>redu<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>retribucion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>futuras<span class=\"_ _6\"></span> recibidas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>CNMC <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>registran <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>fun<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>venci<span class=\"_ _6\"></span>mi<span class=\"_ _6\"></span><span class=\"ff6\">en<span class=\"_ _6\"></span>to <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>pasiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ep\u00edgrafes <span class=\"_ _15\"></span>\u201cOtro<span class=\"_ _6\"></span>s </span>pasivos <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>corrientes\u201d <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>\u201cOtros <span class=\"_ _0\"></span>pasivos <span class=\"_ _10\"></span>corrientes<span class=\"_ _6\"></span>\u201d <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>menor <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>greso <span class=\"_ _10\"></span>asociad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>venta <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> electricidad. Dicho <span class=\"_ _e\"></span>pasivo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>neto, <span class=\"_ _e\"></span>una vez <span class=\"_ _e\"></span>finalizad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>emiperiodo <span class=\"_ _1\"></span>regulatorio <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>revierte <span class=\"_ _e\"></span>i<span class=\"_ _6\"></span>ncrementando<span class=\"_ _6\"></span> el ingreso <span class=\"_ _6\"></span>asociado <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la venta<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>electricidad <span class=\"_ _6\"></span>a lo <span class=\"_ _6\"></span>largo <span class=\"_ _6\"></span>de la<span class=\"_ _6\"></span> vida <span class=\"_ _6\"></span>regulatoria <span class=\"_ _6\"></span>restante <span class=\"_ _6\"></span>de l<span class=\"_ _6\"></span>a in<span class=\"_ _6\"></span>stalaci\u00f3n.<span class=\"_ _15\"></span> El importe de los p<span class=\"_ _6\"></span>asivos se ver\u00e1 limitado al Va<span class=\"_ _6\"></span>lor Neto del Activ<span class=\"_ _6\"></span>o (VNA) de la ins<span class=\"_ _6\"></span>talaci\u00f3n.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">No <span class=\"_ _0\"></span>obstante <span class=\"_ _11\"> </span>lo <span class=\"_ _0\"></span>anterior, <span class=\"_ _11\"> </span>si <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>vida <span class=\"_ _11\"></span>regulatoria <span class=\"_ _0\"></span>res<span class=\"_ _6\"></span>idual <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _11\"> </span>activos, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>consid<span class=\"_ _6\"></span>era, <span class=\"_ _11\"></span>de<span class=\"_ _1\"></span> </span></span>acuerdo <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>mejor <span class=\"_ _10\"></span>estimaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>evoluci\u00f3n <span class=\"_ _10\"></span>futura <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>precios <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mercado <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>de otros factores cualit<span class=\"_ _6\"></span>ativos, q<span class=\"_ _6\"></span>ue ser\u00eda altamente pro<span class=\"_ _6\"></span>bab<span class=\"_ _6\"></span>le que se o<span class=\"_ _6\"></span>btendr\u00e1n rentab<span class=\"_ _6\"></span>ilidades d<span class=\"_ _6\"></span>el mercado<span class=\"_ _6\"></span> superiores <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>blecidas <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>RD <span class=\"_ _15\"></span>413/20<span class=\"_ _6\"></span>14 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>que, <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>lo <span class=\"_ _15\"></span>tan<span class=\"_ _6\"></span>to, <span class=\"_ _15\"></span>abandonar <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>r\u00e9gimen <span class=\"_ _15\"></span>retributivo no <span class=\"_ _18\"> </span>tendr\u00eda consecuencias <span class=\"_ _18\"> </span>econ\u00f3micas <span class=\"_ _18\"> </span>significativamente <span class=\"_ _18\"> </span>m\u00e1s <span class=\"_ _18\"> </span>adversas <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>permanecer <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>dicho r\u00e9gimen, en esa s<span class=\"_ _6\"></span>ituaci\u00f3n se reconoce s\u00f3lo el activ<span class=\"_ _6\"></span>o asociado a<span class=\"_ _6\"></span> las desv<span class=\"_ _6\"></span>iaciones del pool positivas<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span> Al <span class=\"_ _11\"> </span>31 <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>2<span class=\"_ _6\"></span>024 <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>2023, <span class=\"_ _12\"> </span>considerand<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>ituaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>actu<span class=\"_ _6\"></span>al <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>m<span class=\"_ _6\"></span>ercado <span class=\"_ _12\"> </span>energ\u00e9tico<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span> existente <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dic<span class=\"_ _6\"></span>iembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2023<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>evoluci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cotizacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>futuro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pre<span class=\"_ _6\"></span>cios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>en<span class=\"_ _6\"></span> el <span class=\"_ _0\"></span>corto <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>medio <span class=\"_ _0\"></span>plaz<span class=\"_ _6\"></span>o, <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _0\"></span>co<span class=\"_ _6\"></span>mo <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>regulaci\u00f3n <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>igente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>tiene <span class=\"_ _0\"></span>registrados<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>asivo derivado del <span class=\"_ _e\"></span>ajuste por <span class=\"_ _e\"></span>desviaciones<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>positivas y <span class=\"_ _e\"></span>negativas de <span class=\"_ _e\"></span>precios de <span class=\"_ _e\"></span>mercado <span class=\"_ _1\"></span>existente a <span class=\"_ _e\"></span>dicha fecha en todas las<span class=\"_ _6\"></span> IT en las que opera.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>4 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ju<span class=\"_ _6\"></span>nio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>publicado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/526/2024, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mayo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _10\"></span>la metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actualizaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>operac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>ins<span class=\"_ _6\"></span>talaciones <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de energ\u00eda <span class=\"_ _11\"> </span>el\u00e9ctrica <span class=\"_ _12\"> </span>cuyos <span class=\"_ _12\"> </span>costes <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _12\"> </span>dependan <span class=\"_ _12\"> </span>esencialmente <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>precio <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>comb<span class=\"_ _6\"></span>ustible <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>se actualizan <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>valores <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _e\"></span>a la <span class=\"_ _a\"></span>op<span class=\"_ _6\"></span>eraci\u00f3n <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>aplic<span class=\"_ _6\"></span>aci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>partir <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>1 <span class=\"_ _e\"></span>de e<span class=\"_ _1\"></span>nero <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>2024.<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>sta <span class=\"_ _1\"></span>norma, entre otros, estab<span class=\"_ _6\"></span>lece que las in<span class=\"_ _6\"></span>stalaciones in<span class=\"_ _6\"></span>cluidas en esta Orden,<span class=\"_ _6\"></span> entre las que s<span class=\"_ _6\"></span>e incluyen la<span class=\"_ _6\"></span>s plantas<span class=\"_ _6\"></span> de generaci\u00f3n de energ\u00eda a partir de biomasa que opera ENCE, quedan excluidas de la aplicaci\u00f3n del aj<span class=\"_ _6\"></span>uste por desviaciones en el precio de <span class=\"_ _1\"></span>mercado, regulado en el <span class=\"_ _1\"></span>art\u00edculo 22 del RD 413/<span class=\"_ _1\"></span>2014, a partir del 1 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e enero de<span class=\"_ _e\"></span> 2024.<span class=\"ls0_1\"> No <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>bstante, el <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>aj<span class=\"_ _6\"></span>uste re<span class=\"_ _1\"></span>gistrado correspondiente a <span class=\"_ _e\"></span>periodo<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>anteriores a <span class=\"_ _1\"></span>2023, <span class=\"_ _1\"></span>este incluido, </span>mantienen el r\u00e9gimen esta<span class=\"_ _6\"></span>blecido en la n<span class=\"_ _6\"></span>ormativa.<span class=\"_ _33\"> </span>3.16<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Impuesto so<span class=\"_ _1\"></span>bre beneficios </span></span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>tributa<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el Impu<span class=\"_ _6\"></span>esto <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>Sociedades<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>trav\u00e9s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Grupos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>olidaci\u00f3n <span class=\"_ _6\"></span>fiscal <span class=\"_ _6\"></span>regulados en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Cap\u00edtulo <span class=\"_ _0\"></span>VI <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>T\u00edtulo <span class=\"_ _0\"></span>V<span class=\"_ _6\"></span>II <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Texto <span class=\"_ _11\"></span>Refundido <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>Ley <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>Impuesto <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>obre <span class=\"_ _0\"></span>Socied<span class=\"_ _6\"></span>ades, <span class=\"_ _0\"></span>siendo <span class=\"_ _0\"></span>las cabeceras de <span class=\"_ _e\"></span>dicho<span class=\"_ _6\"></span>s Grupos Ence Energ\u00eda <span class=\"_ _e\"></span>y Celu<span class=\"_ _6\"></span>losa, S.A. <span class=\"_ _1\"></span>y Magnon Green <span class=\"_ _1\"></span>Energy, S.L. <span class=\"_ _e\"></span>S<span class=\"_ _6\"></span>e integran en <span class=\"_ _e\"></span>dicho<span class=\"_ _6\"></span>s Grupos <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>filiales <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>est\u00e1n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>domiciliadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>Espa\u00f1a <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>cabecera <span class=\"_ _15\"></span>tiene <span class=\"_ _6\"></span>una<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>ticipaci\u00f3n <span class=\"_ _6\"></span>en su capital s<span class=\"_ _6\"></span>ocial igual o superior al 75%. <span class=\"_ _15\"></span> El <span class=\"_ _12\"> </span>gasto  o <span class=\"_ _11\"> </span>ingreso  por <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>Im<span class=\"_ _6\"></span>puesto  sobre <span class=\"_ _11\"> </span>Sociedades<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>comprende <span class=\"_ _12\"> </span>tan<span class=\"_ _6\"></span>to <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>i<span class=\"_ _6\"></span>mpuesto <span class=\"_ _12\"> </span>corriente  como <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>l impuesto  diferido.  El <span class=\"_ _18\"> </span>impuesto  sobre  las  ganancias  corriente  o  d<span class=\"_ _6\"></span>iferido  se  reconoce  en  el  Estad<span class=\"_ _6\"></span>o  de Resultado <span class=\"_ _6\"></span>consolidado, s<span class=\"_ _6\"></span>alvo que s<span class=\"_ _6\"></span>urja de <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>transacci\u00f3n o<span class=\"_ _6\"></span> su<span class=\"_ _6\"></span>ceso econ\u00f3mico <span class=\"_ _6\"></span>que se <span class=\"_ _6\"></span>ha reconocido<span class=\"_ _6\"></span>, en <span class=\"_ _6\"></span>el mismo ejercicio o en otro d<span class=\"_ _6\"></span>iferente, con<span class=\"_ _6\"></span>tra patrimonio n<span class=\"_ _6\"></span>eto o de una comb<span class=\"_ _6\"></span>inaci\u00f3n de negocios.<span class=\"_ _15\"></span> Los <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>por <span class=\"_ _1\"></span>impuesto <span class=\"_ _1\"></span>sobre <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cias <span class=\"_ _e\"></span>corrie<span class=\"_ _6\"></span>ntes <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>valoran<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>por las <span class=\"_ _a\"></span>can<span class=\"_ _6\"></span>tidades <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>pera pagar <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>recuperar <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>autoridades <span class=\"_ _15\"></span>fiscales, <span class=\"_ _15\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>normativa <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>tipos <span class=\"_ _15\"></span>impositivos <span class=\"_ _15\"></span>aprobados <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>los pa\u00edses que op<span class=\"_ _6\"></span>eran las sociedades d<span class=\"_ _6\"></span>el Grupo<span class=\"_ _6\"></span>. La <span class=\"_ _6\"></span>contabilizaci\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>pasivos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>determina <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>funci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>diferencias entre <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>libros <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>activos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>pasivo<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>fiscal, <span class=\"_ _10\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>tasas <span class=\"_ _10\"></span>fiscales <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>espera objetivamente  que <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>t\u00e9n  en <span class=\"_ _12\"> </span>vigor  cuando<span class=\"_ _6\"></span>  lo<span class=\"_ _1\"></span>s  activos <span class=\"_ _12\"> </span>y  pasivos  se <span class=\"_ _12\"> </span>realicen,  valor <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>coin<span class=\"_ _6\"></span>cide  con <span class=\"_ _12\"> </span>el gravamen  vigente <span class=\"_ _12\"> </span>en  cada  momento.  Esto<span class=\"_ _6\"></span>s  activos <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>pas<span class=\"_ _6\"></span>ivos  se <span class=\"_ _12\"> </span>reconocen  en  el <span class=\"_ _12\"> </span>Es<span class=\"_ _6\"></span>tado  de  Situaci\u00f3n Financiera consolidado como \u201cno <span class=\"_ _1\"></span>corrientes\u201d, independientemente de <span class=\"_ _1\"></span>la fecha de <span class=\"_ _1\"></span>esperada de <span class=\"_ _1\"></span>re<span class=\"_ _6\"></span><span class=\"ff4\">alizaci\u00f3n o </span>liquidaci\u00f3n.<span class=\"_ _33\"> </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>reconoce <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>car\u00e1cter <span class=\"_ _15\"></span>general <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>pasivos <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>todos <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>casos<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>Por <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>parte, los <span class=\"_ _12\"> </span>activo<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>por  im<span class=\"_ _1\"></span>puesto <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>iferido <span class=\"_ _12\"> </span>s\u00f3<span class=\"_ _6\"></span>lo <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>re<span class=\"_ _6\"></span>conocen  e<span class=\"_ _1\"></span>n  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>caso  de <span class=\"_ _11\"> </span>que  se <span class=\"_ _11\"> </span>cons<span class=\"_ _6\"></span>idere  probable <span class=\"_ _11\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>las entidades cons<span class=\"_ _6\"></span>olidadas van<span class=\"_ _6\"></span> a tener en el futuro s<span class=\"_ _6\"></span>uficientes ganan<span class=\"_ _6\"></span>cias fiscales contra<span class=\"_ _6\"></span> las que poder hacerlos<span class=\"_ _6\"></span> efectivos. <span class=\"_ _15\"></span>Con <span class=\"_ _6\"></span>ocas<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cada <span class=\"_ _15\"></span>cierre <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>table, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reestima <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>capacidad <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>recuperaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>impuestos diferidos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>activo <span class=\"_ _15\"></span>reconocidos, <span class=\"_ _6\"></span>efectu\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>op<span class=\"_ _6\"></span>ortunas <span class=\"_ _6\"></span>correcciones <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>mismos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>a<span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>erdo <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>los resultados d<span class=\"_ _6\"></span>e los an\u00e1lisis realizados.<span class=\"_ _33\"> </span>No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>activos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>impues<span class=\"_ _6\"></span>tos <span class=\"_ _0\"></span>diferidos <span class=\"_ _0\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _0\"></span>surgen <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>reconocimiento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el fondo de comercio o<span class=\"_ _6\"></span> de un a<span class=\"_ _6\"></span>ctivo o<span class=\"_ _6\"></span> pasivo en<span class=\"_ _6\"></span> una trans<span class=\"_ _6\"></span>acci\u00f3n que no es un<span class=\"_ _6\"></span>a combinaci\u00f3<span class=\"_ _6\"></span>n de negocios y<span class=\"_ _6\"></span> en la <span class=\"_ _10\"></span>fecha <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>tra<span class=\"_ _6\"></span>nsacci\u00f3n <span class=\"_ _10\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>afecta <span class=\"_ _0\"></span>ni <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>result<span class=\"_ _6\"></span>ado <span class=\"_ _0\"></span>contable <span class=\"_ _10\"></span>ni <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>imponible <span class=\"_ _0\"></span>fiscal, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien, <span class=\"_ _10\"></span>cuan<span class=\"_ _6\"></span>do correspondan <span class=\"_ _1b\"> </span>a <span class=\"_ _1b\"> </span>diferencias <span class=\"_ _1b\"> </span>temporarias<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span>relacionadas <span class=\"_ _1b\"> </span>con <span class=\"_ _1b\"> </span>inversion<span class=\"_ _6\"></span>es <span class=\"_ _1b\"> </span>en <span class=\"_ _1c\"> </span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _1b\"> </span>dependientes, asociadas <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>negocios <span class=\"_ _10\"></span>conjuntos <span class=\"_ _15\"></span>sobre <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _15\"></span>tenga <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>capacidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>controlar <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>momento <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>s<span class=\"_ _15\"></span><span class=\"ls1a\">u </span>reversi\u00f3n y no fu<span class=\"_ _6\"></span>ese probable qu<span class=\"_ _6\"></span>e se produzca su <span class=\"_ _6\"></span>reversi\u00f3n en un futuro<span class=\"_ _6\"></span> previsible.<span class=\"_ _6\"></span> Si <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span>Grupo <span class=\"_ _11\"> </span>determina <span class=\"_ _11\"> </span>que <span class=\"_ _11\"></span>no <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>robable <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>autorid<span class=\"_ _6\"></span>ad <span class=\"_ _11\"></span>fiscal <span class=\"_ _0\"></span>vay<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>aceptar<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>un <span class=\"_ _0\"></span>trata<span class=\"_ _6\"></span>miento <span class=\"_ _11\"></span>fiscal incierto <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>grupo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>tratamientos <span class=\"_ _15\"></span>fiscales <span class=\"_ _15\"></span>inciertos, <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>idera <span class=\"_ _6\"></span>dicha<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>incertidumbre <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>determinaci\u00f3n de <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>base <span class=\"_ _1e\"> </span>imponible, <span class=\"_ _1e\"> </span>bases <span class=\"_ _1e\"> </span>fiscales, <span class=\"_ _17\"> </span>cr\u00e9ditos <span class=\"_ _1e\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _1e\"> </span>bases <span class=\"_ _1e\"> </span>imponibles <span class=\"_ _1e\"> </span>n<span class=\"_ _6\"></span>egativas, <span class=\"_ _1e\"> </span>deducciones <span class=\"_ _1e\"> </span>o <span class=\"_ _1e\"> </span>tipos impositivos.<span class=\"_ _33\"> </span>3.17<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Activos no cor<span class=\"_ _1\"></span>rientes man<span class=\"_ _1\"></span>tenidos para la <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>enta y Operacion<span class=\"_ _1\"></span>es </span></span>discontinua<span class=\"_ _1\"></span>das Un <span class=\"_ _1\"></span>activo <span class=\"_ _1\"></span>no corriente <span class=\"_ _e\"></span>o un <span class=\"_ _e\"></span>gru<span class=\"_ _6\"></span>po e<span class=\"_ _1\"></span>najenable de <span class=\"_ _e\"></span>elementos se <span class=\"_ _e\"></span>clasifica como <span class=\"_ _e\"></span>activ<span class=\"_ _6\"></span>o mantenido <span class=\"_ _1\"></span>para la <span class=\"_ _e\"></span>venta cuando su <span class=\"_ _1\"></span>valor se <span class=\"_ _1\"></span>prev\u00e9 recuperar <span class=\"_ _e\"></span>prin<span class=\"_ _6\"></span>cipalmente a <span class=\"_ _e\"></span>trav<span class=\"_ _6\"></span>\u00e9s de <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u venta, <span class=\"_ _e\"></span>y siempre que <span class=\"_ _e\"></span>la venta se <span class=\"_ _1\"></span>considere altamente probable, y el a<span class=\"_ _6\"></span>ctivo est\u00e9 disp<span class=\"_ _6\"></span>on<span class=\"_ _6\"></span>ible para su venta inmediata en s<span class=\"_ _6\"></span>u estado a<span class=\"_ _6\"></span>ctual. Estos <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>grupos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>enajenaci\u00f3n <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>valoran <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>menor <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>libros <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>el valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>estimado <span class=\"_ _6\"></span>de venta deducidos los costes nece<span class=\"_ _1\"></span>sarios para llevarla a cabo <span class=\"_ _1\"></span>y dejan <span class=\"_ _1\"></span>de amortizarse desde el <span class=\"_ _e\"></span>momento en que son <span class=\"_ _15\"></span>clas<span class=\"_ _6\"></span>ificados <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>activos <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>corrientes<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>mantenidos <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>enta. <span class=\"_ _15\"></span>Anualmente <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>analiza <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alor contable <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>exceda <span class=\"_ _15\"></span>del v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>razo<span class=\"_ _6\"></span>nable <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>venta<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e p<span class=\"_ _6\"></span>roducirse <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaci\u00f3n <span class=\"_ _6\"></span>se<span class=\"_ _6\"></span> realizan las<span class=\"_ _6\"></span> correspon<span class=\"_ _6\"></span>dientes <span class=\"_ _6\"></span>correcciones<span class=\"_ _6\"></span> valora<span class=\"_ _6\"></span>tivas <span class=\"_ _6\"></span>que se <span class=\"_ _6\"></span>incluyen en<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el ep\u00edgraf<span class=\"_ _6\"></span>e \u201cD<span class=\"_ _15\"></span><span class=\"ff4\">et<span class=\"_ _6\"></span>erioros d<span class=\"_ _6\"></span>e valor <span class=\"_ _6\"></span>y </span>resultados p<span class=\"_ _6\"></span>or enajenaci\u00f3n de inmovilizado<span class=\"_ _6\"></span>\u201d del Estad<span class=\"_ _6\"></span>o de Resultado cons<span class=\"_ _6\"></span>olidado.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>Los <span class=\"_ _12\"> </span>activ<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>no <span class=\"_ _12\"> </span>corrientes  mantenidos <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>enta <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>resentan <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>Situaci\u00f3n <span class=\"_ _12\"> </span>Financiera consolidado  de  la  siguiente  forma:  los  activos  en  una  \u00fa<span class=\"_ _1\"></span>nica  l\u00ednea  denominada  \u201cActivos  no  corrientes mantenidos para <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>venta\u201d <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>asivos <span class=\"_ _e\"></span>ta<span class=\"_ _6\"></span>mbi\u00e9n <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>na \u00fanica <span class=\"_ _e\"></span>l\u00ednea denominada <span class=\"_ _e\"></span>\u201cPas<span class=\"_ _6\"></span>ivos <span class=\"_ _e\"></span>asociados<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>activos no corrientes mantenido<span class=\"_ _6\"></span>s para la <span class=\"_ _6\"></span>venta\u201d.<span class=\"ff4\"> </span>Adicionalmente, <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>G<span class=\"_ _6\"></span>rupo <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>activid<span class=\"_ _6\"></span>ades <span class=\"_ _11\"> </span>interru<span class=\"_ _6\"></span>mpidas <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>componentes <span class=\"_ _12\"> </span>(unidades <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>grupos <span class=\"_ _12\"> </span>de unidades <span class=\"_ _10\"></span>generadoras<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>efectivo) <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>representan <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>l\u00ednea <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>negocio <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>\u00e1rea <span class=\"_ _10\"></span>geogr\u00e1fica <span class=\"_ _10\"></span>significativa <span class=\"_ _10\"></span>y que <span class=\"_ _0\"></span>pueda <span class=\"_ _11\"> </span>considerarse <span class=\"_ _11\"></span>separada <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>resto, <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>ha<span class=\"_ _6\"></span>y<span class=\"_ _6\"></span>an <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>endido <span class=\"_ _0\"></span>o <span class=\"_ _11\"></span>dispuesto <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>otra <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>\u00eda, <span class=\"_ _0\"></span>o <span class=\"_ _11\"></span>bien <span class=\"_ _0\"></span>que re\u00fanen las cond<span class=\"_ _6\"></span>iciones descritas p<span class=\"_ _6\"></span>ara ser clasificadas como man<span class=\"_ _6\"></span>tenidas para <span class=\"_ _6\"></span>la venta.<span class=\"_ _6\"></span> Los resultados despu\u00e9s de impuestos de las <span class=\"_ _1\"></span>operaciones discontinuadas se presentan en una \u00fanica l\u00ednea del Estado <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>Resultado <span class=\"_ _1b\"> </span>consolidado <span class=\"_ _1c\"> </span>denominad<span class=\"_ _6\"></span>a <span class=\"_ _1c\"> </span>\u201cResulta<span class=\"_ _6\"></span>do <span class=\"_ _1c\"> </span>del <span class=\"_ _1c\"> </span>ejerci<span class=\"_ _6\"></span>cio <span class=\"_ _1c\"> </span>procedent<span class=\"_ _6\"></span>e <span class=\"_ _1c\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1c\"> </span>operaciones interrumpidas neto d<span class=\"_ _6\"></span>e impuesto<span class=\"_ _6\"></span>s\u201d.<span class=\"_ _33\"> </span>3.18<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Beneficio po<span class=\"_ _1\"></span>r acci\u00f3n </span></span>El <span class=\"_ _10\"></span>b<span class=\"_ _6\"></span>eneficio <span class=\"_ _10\"></span>b\u00e1s<span class=\"_ _6\"></span>ico <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>calcula <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>cociente<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>\u201c<span class=\"_ _6\"></span>Beneficio <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _10\"></span>atrib<span class=\"_ _6\"></span>uible <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la Sociedad <span class=\"_ _10\"></span>Dominante\u201d <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>n\u00fa<span class=\"_ _6\"></span>mero <span class=\"_ _10\"></span>medio <span class=\"_ _10\"></span>po<span class=\"_ _6\"></span>nderado <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>acciones <span class=\"_ _10\"></span>ordinar<span class=\"_ _6\"></span>ias <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>circulaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>duran<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>dicho<span class=\"_ _33\"> </span>per\u00edodo, <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>in <span class=\"_ _12\"> </span>incluir <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>n\u00famero  m<span class=\"_ _1\"></span>edio <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>es <span class=\"_ _12\"> </span>propias <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>Sociedad<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>Dominante  e<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>cartera <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>las sociedades del Grupo<span class=\"_ _6\"></span>. Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>beneficio <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>iluido <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>calcula <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>cociente <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span><span class=\"ff6\">\u201cBen<span class=\"_ _6\"></span>eficio <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercicio </span>atribuible <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Sociedad <span class=\"_ _10\"></span>Do<span class=\"_ _6\"></span>minan<span class=\"_ _6\"></span>te\u201d <span class=\"_ _0\"></span><span class=\"ff4\">y <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>n\u00famero <span class=\"_ _0\"></span>medio <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>onderado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>acciones <span class=\"_ _10\"></span>ord<span class=\"_ _6\"></span>inarias <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>circulaci\u00f3n </span>durante el periodo, ajustado por <span class=\"_ _1\"></span>el promedio ponderado de <span class=\"_ _e\"></span>las acciones ordinarias que ser\u00edan em<span class=\"_ _1\"></span>itidas si se convirtieran <span class=\"_ _12\"> </span>todas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>las <span class=\"_ _12\"> </span>acciones <span class=\"_ _12\"> </span>potenciales <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>acciones <span class=\"_ _12\"> </span>ordin<span class=\"_ _6\"></span>arias. <span class=\"_ _12\"> </span>A <span class=\"_ _12\"> </span>estos <span class=\"_ _11\"> </span>efecto<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>la<span class=\"_ _33\"> </span>conversi\u00f3n tiene lugar al comienzo del <span class=\"_ _1\"></span>periodo o en el <span class=\"_ _1\"></span>momento de la <span class=\"_ _1\"></span>emisi\u00f3n de las <span class=\"_ _1\"></span>accion<span class=\"_ _6\"></span>es potenciales si estas se hu<span class=\"_ _6\"></span>biesen puesto en circulaci\u00f3n<span class=\"_ _6\"></span> durante el prop<span class=\"_ _6\"></span>io periodo.<span class=\"_ _33\"> </span>3.19<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Transaccion<span class=\"_ _1\"></span>es con partes vinculad<span class=\"_ _1\"></span>as </span></span>El Grupo realiza tod<span class=\"_ _6\"></span>as sus op<span class=\"_ _6\"></span>eraciones con partes vin<span class=\"_ _6\"></span>culadas a valores<span class=\"_ _6\"></span> de mercado.<span class=\"_ _33\"> </span>3.20<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\"> Saldos y tra<span class=\"_ _1\"></span>nsacciones en <span class=\"_ _1\"></span>moneda diferen<span class=\"_ _1\"></span>te al euro<span class=\"_ _33\"> </span> </span></span>Las <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>uales <span class=\"_ _6\"></span>conso<span class=\"_ _6\"></span>lidadas <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>presentan <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>euros, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>mon<span class=\"_ _6\"></span>eda <span class=\"_ _6\"></span>funcional <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>de la Sociedad Dominante.<span class=\"_ _6\"></span> La <span class=\"_ _e\"></span>conv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>a euros <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los cr\u00e9ditos <span class=\"_ _e\"></span>y d\u00e9bitos <span class=\"_ _e\"></span>expresados e<span class=\"_ _1\"></span>n <span class=\"_ _e\"></span>moneda diferente <span class=\"_ _e\"></span>del e<span class=\"_ _1\"></span>uro <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>realiza aplicando el <span class=\"_ _1\"></span>tipo de <span class=\"_ _1\"></span>cambio vigente <span class=\"_ _1\"></span>en el m<span class=\"_ _1\"></span>omento de <span class=\"_ _1\"></span>efectuar la <span class=\"_ _1\"></span>correspon<span class=\"_ _6\"></span>diente operaci\u00f3n, <span class=\"_ _1\"></span>ajust\u00e1ndose dicho valor en  cada <span class=\"_ _12\"> </span>ci<span class=\"_ _6\"></span>erre  y <span class=\"_ _12\"> </span>has<span class=\"_ _6\"></span>ta  su  cancelaci\u00f3n  en <span class=\"_ _12\"> </span>fun<span class=\"_ _6\"></span>ci\u00f3n  de <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span>  evoluci\u00f3n  del <span class=\"_ _12\"> </span>t<span class=\"_ _6\"></span>ip<span class=\"_ _6\"></span>o  de  cambio. <span class=\"_ _12\"> </span>Lo<span class=\"_ _6\"></span>s  activos  no monetarios <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>enominados <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>moneda <span class=\"_ _e\"></span>extranjera, poco <span class=\"_ _e\"></span>significativos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>ENCE, <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>convierte<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>licando <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>tipo de cambio aplicable en la f<span class=\"_ _6\"></span>echa en la<span class=\"_ _6\"></span> que el activo s<span class=\"_ _6\"></span>e incorpor\u00f3 al Grup<span class=\"_ _6\"></span>o.<span class=\"_ _6\"></span> Las diferencias <span class=\"_ _1\"></span>de cambio que re<span class=\"_ _1\"></span>sultan del cobro <span class=\"_ _e\"></span>o pago de cr\u00e9ditos o <span class=\"_ _e\"></span>deud<span class=\"_ _6\"></span>as en <span class=\"_ _1\"></span>moneda diferente del euro y <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>res<span class=\"_ _6\"></span>ultan <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alorar <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>cuentas <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>cobrar <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>pagar <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>moneda <span class=\"_ _15\"></span>diferente <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>euro <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>fecha <span class=\"_ _10\"></span>de cierre, d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>vige<span class=\"_ _6\"></span>nt<span class=\"_ _6\"></span>e en <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>momento, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e impu<span class=\"_ _6\"></span>tan <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>resultado<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>gasto<span class=\"_ _6\"></span> financiero en el period<span class=\"_ _6\"></span>o en que se pro<span class=\"_ _6\"></span>ducen.<span class=\"_ _33\"> </span>3.21<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Estado de flujos<span class=\"_ _1\"></span> de efectivo<span class=\"_ _1\"></span>  </span></span>En los estados de flujos de ef<span class=\"_ _1\"></span>ectivo consolidados, preparados de acuerdo al m\u00e9todo indirecto, se utilizan las siguientes expresiones<span class=\"_ _6\"></span> en los siguient<span class=\"_ _6\"></span>es s<span class=\"_ _6\"></span>entidos: 1.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Flujos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>efectivo: <span class=\"_ _11\"> </span>entra<span class=\"_ _6\"></span>das <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>salidas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>efectivo <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>sus <span class=\"_ _12\"> </span>equivalentes, <span class=\"_ _12\"> </span>entendiendo <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>\u00e9stos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>las </span>inversiones a co<span class=\"_ _6\"></span>rto plazo (inferior a 3 meses<span class=\"_ _6\"></span>) de gran liquidez y<span class=\"_ _6\"></span> bajo riesgo d<span class=\"_ _6\"></span>e alteraciones en su v<span class=\"_ _6\"></span>alor. <span class=\"_ _6\"></span> 2.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Actividades <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>explotaci\u00f3n: <span class=\"_ _10\"></span>actividad<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>t\u00edpicas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>entidades <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>forman <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Grup<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>otras </span>actividades q<span class=\"_ _6\"></span>ue no pueden ser calificadas<span class=\"_ _6\"></span> como de inversi\u00f3<span class=\"_ _6\"></span>n o de finan<span class=\"_ _6\"></span>ciaci\u00f3n.<span class=\"_ _6\"></span> 3.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Actividades <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>inversi\u00f3n: <span class=\"_ _0\"></span>las <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>enajenaci\u00f3n <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>disp<span class=\"_ _6\"></span>osici\u00f3n <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>otros <span class=\"_ _10\"></span>medios <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>a </span>largo plazo y o<span class=\"_ _6\"></span>tras inversiones no in<span class=\"_ _6\"></span>cluidas en el efectivo y s<span class=\"_ _6\"></span>us equiv<span class=\"_ _6\"></span>alentes.<span class=\"_ _6\"></span> 4.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Actividades <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>financiaci\u00f3n: <span class=\"_ _18\"> </span>activ<span class=\"_ _6\"></span>idades <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>roducen <span class=\"_ _18\"> </span>cambios <span class=\"_ _18\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _18\"> </span>tama\u00f1o <span class=\"_ _18\"> </span>y <span class=\"_ _1e\"> </span>composici\u00f3n <span class=\"_ _18\"> </span>del </span>patrimonio neto y d<span class=\"_ _6\"></span>e los pasivos qu<span class=\"_ _6\"></span>e no forman parte d<span class=\"_ _6\"></span>e las actividades d<span class=\"_ _6\"></span>e explotaci\u00f3n.<span class=\"_ _33\"> </span>3.22<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Actividades con <span class=\"_ _e\"></span>i<span class=\"_ _6\"></span>mpacto en el Me<span class=\"_ _1\"></span>dio Ambiente </span></span>Se <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>sideran <span class=\"_ _15\"></span>actividad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>medioa<span class=\"_ _6\"></span>mbientales <span class=\"_ _15\"></span>aquellas <span class=\"_ _15\"></span>oper<span class=\"_ _6\"></span>aciones <span class=\"_ _15\"></span>desarrollad<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>ENCE<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>yo <span class=\"_ _15\"></span>prop\u00f3s<span class=\"_ _6\"></span>ito principal <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>proteger, <span class=\"_ _0\"></span>redu<span class=\"_ _6\"></span>cir <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>reparar <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>da\u00f1o, <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>resultado <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>idades <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>pueda producir sob<span class=\"_ _6\"></span>re el medio ambiente.<span class=\"_ _33\"> </span>Los gastos <span class=\"_ _e\"></span>derivados<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>actividades <span class=\"_ _1\"></span>medioambientales se <span class=\"_ _e\"></span>reconocen como <span class=\"_ _e\"></span>\u201cOtro<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>gastos de <span class=\"_ _e\"></span>explotaci\u00f3n\u201d en el ejercicio en el qu<span class=\"_ _6\"></span>e se incurren.<span class=\"_ _6\"></span> Los elementos d<span class=\"_ _6\"></span>el inmovilizado<span class=\"_ _6\"></span> material adquiridos<span class=\"_ _6\"></span> con el ob<span class=\"_ _6\"></span>jeto de ser utilizad<span class=\"_ _6\"></span>os de for<span class=\"_ _6\"></span>ma duradera en s<span class=\"_ _6\"></span>u actividad y cu<span class=\"_ _6\"></span>ya finalidad principal es la min<span class=\"_ _6\"></span>imizaci\u00f3n del i<span class=\"_ _6\"></span>mpacto medioambienta<span class=\"_ _6\"></span>l y la protecci\u00f3n y<span class=\"_ _6\"></span> mejora del <span class=\"_ _6\"></span>medio <span class=\"_ _15\"></span>ambient<span class=\"_ _6\"></span>e, <span class=\"_ _15\"></span>incluyendo <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>redu<span class=\"_ _6\"></span>cci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>eliminaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>taminaci\u00f3n <span class=\"_ _15\"></span>futura <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>operaciones del <span class=\"_ _0\"></span>Grup<span class=\"_ _6\"></span>o, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"></span>mediante <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>aplicaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>criterios <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>aloraci\u00f3n, <span class=\"_ _11\"> </span>presentaci\u00f3n <span class=\"_ _0\"></span>y desglose consis<span class=\"_ _6\"></span>tentes con los<span class=\"_ _6\"></span> que se mencionan <span class=\"_ _6\"></span>en los ap<span class=\"_ _6\"></span>artados 3.2 y<span class=\"_ _6\"></span> 3.3 de esta misma No<span class=\"_ _6\"></span><span class=\"ls1b\">ta</span>.<span class=\"_ _6\"></span> Las <span class=\"_ _11\"> </span>pro<span class=\"_ _6\"></span>visiones <span class=\"_ _11\"> </span>relativas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>responsabilidades <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>robables <span class=\"_ _11\"> </span>o <span class=\"_ _11\"> </span>ciertas, <span class=\"_ _12\"> </span>litigios <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>curso <span class=\"_ _11\"> </span>e <span class=\"_ _12\"> </span>indemnizaciones <span class=\"_ _12\"> </span>u obligaciones <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>endientes <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cuant\u00eda<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>indeterminada <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>natu<span class=\"_ _6\"></span>raleza <span class=\"_ _11\"> </span>medioambienta<span class=\"_ _6\"></span>l, <span class=\"_ _11\"> </span>no <span class=\"_ _12\"> </span>cubiertas <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>las p\u00f3lizas <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>seguros <span class=\"_ _0\"></span>suscritas, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>cons<span class=\"_ _6\"></span>tituyen <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>nacimiento <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>respo<span class=\"_ _6\"></span>nsab<span class=\"_ _6\"></span>ilidad <span class=\"_ _10\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la obligaci\u00f3n <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>determina <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>indemnizaci\u00f3n <span class=\"_ _11\"></span>o <span class=\"_ _0\"></span>pago. <span class=\"_ _11\"> </span>No <span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>ay <span class=\"_ _0\"></span>provisiones <span class=\"_ _11\"></span>relevantes <span class=\"_ _0\"></span>constituidas <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>este concepto al cierre de 202<span class=\"_ _6\"></span>4 y 2023.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "3.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Combinacione<span class=\"_ _1\"></span>s de negocio<span class=\"_ _33\"> </span></span><span class=\"fc2\"> </span>Las combinaciones de <span class=\"_ _e\"></span>negocio<span class=\"_ _6\"></span>s en <span class=\"_ _1\"></span>las que <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo adquiere <span class=\"_ _1\"></span>el control <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e uno <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span> varios <span class=\"_ _1\"></span>negocios se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>m<span class=\"_ _6\"></span>\u00e9todo de <span class=\"_ _e\"></span>adquisici\u00f3n de <span class=\"_ _e\"></span>acuerdo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>lo dispuesto en <span class=\"_ _e\"></span>la NIIF <span class=\"_ _e\"></span>3 Combinaciones de <span class=\"_ _e\"></span>Negocio. Se<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>considera \u201cnegocio\u201d <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>conjun<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>integrado <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>actividades <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>activos, <span class=\"_ _6\"></span>sus<span class=\"_ _6\"></span>ceptibles <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>ser <span class=\"_ _6\"></span>dirigidos <span class=\"_ _15\"></span>y ges<span class=\"_ _6\"></span>tionados <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>el prop\u00f3sito <span class=\"_ _15\"></span>de; <span class=\"_ _6\"></span>1) <span class=\"_ _15\"></span>proporcionar <span class=\"_ _15\"></span>bienes <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>servicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>clientes, <span class=\"_ _15\"></span>y/o <span class=\"_ _6\"></span>2) <span class=\"_ _15\"></span>generar <span class=\"_ _15\"></span>ingresos <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>versiones<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>otros ingresos de activid<span class=\"_ _6\"></span>ades o<span class=\"_ _6\"></span>rdinarias. El <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _10\"></span>implica, <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>car\u00e1cter <span class=\"_ _10\"></span>general, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>registro, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>fecha <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>obtiene <span class=\"_ _10\"></span>el control <span class=\"_ _17\"> </span>del <span class=\"_ _18\"> </span>negocio <span class=\"_ _17\"> </span>adquirido, <span class=\"_ _18\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _18\"> </span>activos <span class=\"_ _17\"> </span>adquiridos, <span class=\"_ _17\"> </span>los <span class=\"_ _18\"> </span>pasivos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>asumido<span class=\"_ _6\"></span>s, <span class=\"_ _1e\"> </span>los <span class=\"_ _18\"> </span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _1e\"> </span>de patrimonio <span class=\"_ _15\"></span>neto <span class=\"_ _15\"></span>emitidos, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>cualquier <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>prest<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>contingente <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>dependa <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>echos <span class=\"_ _15\"></span>futuros <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>del cumplimiento <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ciertas <span class=\"_ _11\"></span>condiciones, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>dicha <span class=\"_ _0\"></span>fecha, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>cuando <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>valo<span class=\"_ _6\"></span>r pueda <span class=\"_ _10\"></span>ser <span class=\"_ _0\"></span>medido <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _10\"></span>f<span class=\"_ _6\"></span>iable. <span class=\"_ _10\"></span>Los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>costes <span class=\"_ _0\"></span>relacionados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>recono<span class=\"_ _6\"></span>cen <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>gast<span class=\"_ _15\"></span>os cuando se in<span class=\"_ _6\"></span>curre en ellos.<span class=\"_ _33\"> </span>La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ositiva <span class=\"_ _10\"></span>existente <span class=\"_ _15\"></span>entre <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>traprestaci\u00f3n <span class=\"_ _10\"></span>trans<span class=\"_ _6\"></span>ferida <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>particip<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>quirida<span class=\"_ _15\"></span> <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _15\"></span>el valor <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>ignado <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>articipaciones <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>dominantes<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _15\"></span>neto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>adquiridos <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>pasivos<span class=\"_ _33\"> </span>asumidos, que incluye los pasivos contingentes, junto<span class=\"_ _6\"></span> con el<span class=\"_ _1\"></span> valor razonable de la participaci\u00f3n que pudiera tenerse <span class=\"_ _11\"> </span>previamente <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>negocio <span class=\"_ _11\"> </span>ad<span class=\"_ _6\"></span>quirido, <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>registra <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _12\"> </span>\u201cFondo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>comercio\u201d. <span class=\"_ _12\"> </span>Si <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>icha diferencia fuera negativa, s<span class=\"_ _6\"></span>e reconocer\u00eda dir<span class=\"_ _6\"></span>ectamente com<span class=\"_ _6\"></span>o un mayor <span class=\"_ _6\"></span>resultado del ejercicio.<span class=\"_ _33\"> </span>Si <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>co<span class=\"_ _6\"></span>mbinaci\u00f3n de <span class=\"_ _a\"></span>nego<span class=\"_ _6\"></span>cios s\u00f3lo <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>puede <span class=\"_ _1\"></span>determinar <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>f<span class=\"_ _6\"></span>orma provisional, <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>netos identificables se <span class=\"_ _11\"> </span>registra<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>inicialmente <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>us <span class=\"_ _12\"> </span>valores <span class=\"_ _12\"> </span>provisionales<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>reconociendo <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>aj<span class=\"_ _6\"></span>ustes <span class=\"_ _12\"> </span>efectuados<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>durante <span class=\"_ _11\"> </span>el periodo de <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>aloraci\u00f3n definitiva,<span class=\"_ _6\"></span> que <span class=\"_ _e\"></span>como m\u00e1ximo es de <span class=\"_ _1\"></span>1 a\u00f1o desde <span class=\"_ _e\"></span>la fecha de <span class=\"_ _1\"></span>adquisi<span class=\"_ _6\"></span>ci\u00f3n, como <span class=\"_ _1\"></span>si \u00e9stos<span class=\"_ _6\"></span> se <span class=\"_ _11\"></span>hubieran <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>ocido <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>adquisici\u00f3n, <span class=\"_ _11\"></span>re-expr<span class=\"_ _6\"></span>esando, <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>su <span class=\"_ _11\"> </span>caso, <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>cifras <span class=\"_ _11\"></span>comparativas <span class=\"_ _11\"></span>del ejercicio <span class=\"_ _17\"> </span>anterior.<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>En <span class=\"_ _17\"> </span>cualq<span class=\"_ _6\"></span>uier <span class=\"_ _17\"> </span>caso, <span class=\"_ _17\"> </span>los <span class=\"_ _1c\"> </span>ajustes <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _17\"> </span>prov<span class=\"_ _6\"></span>isionales <span class=\"_ _17\"> </span>\u00fanicamente<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>incorporan informaci\u00f3n <span class=\"_ _10\"></span>relativa <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>echos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>circuns<span class=\"_ _6\"></span>tancias<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>exist\u00edan <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>adqu<span class=\"_ _6\"></span>isici\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>que, <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>aber sido <span class=\"_ _15\"></span>conocidos<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>hubieran <span class=\"_ _15\"></span>afectado <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>importes <span class=\"_ _15\"></span>recono<span class=\"_ _6\"></span>cidos <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>dicha <span class=\"_ _15\"></span>fecha. <span class=\"_ _15\"></span>Transcurrid<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>dicho <span class=\"_ _15\"></span>periodo, s\u00f3lo se realizan a<span class=\"_ _6\"></span>justes a la valoraci\u00f3n in<span class=\"_ _6\"></span>icial como la correc<span class=\"_ _6\"></span>ci\u00f3n de un error<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> El fondo de come<span class=\"_ _6\"></span>rcio resultan<span class=\"_ _6\"></span>te de una combinaci\u00f3<span class=\"_ _6\"></span>n de n<span class=\"_ _6\"></span>egocios s<span class=\"_ _6\"></span>e asigna a cada <span class=\"_ _6\"></span>una de las<span class=\"_ _6\"></span> UGE o Grupos de UGE que se espera s<span class=\"_ _6\"></span>e vayan a b<span class=\"_ _6\"></span>eneficiar de la sinergias d<span class=\"_ _6\"></span>e la combinaci\u00f3n. <span class=\"_ _15\"></span> Los <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio <span class=\"_ _6\"></span>s\u00f3<span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _6\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ido <span class=\"_ _6\"></span>adquirido<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>t\u00edtulo <span class=\"_ _10\"></span>oneroso<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>amort<span class=\"_ _6\"></span>izan. En <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>lu<span class=\"_ _6\"></span>gar, <span class=\"_ _10\"></span>son <span class=\"_ _10\"></span>revisado<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>anualmente <span class=\"_ _10\"></span>mediante <span class=\"_ _0\"></span>estudios <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>verificar <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>exista <span class=\"_ _10\"></span>deterioro <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>valor asignado <span class=\"_ _6\"></span>inicialmente, <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ci\u00e9ndose <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>el v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>recuperable es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inferior al <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>asignado <span class=\"_ _15\"></span>inicialmente. <span class=\"_ _6\"></span>Una <span class=\"_ _15\"></span>vez <span class=\"_ _15\"></span>reconocida <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>fondo d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio, <span class=\"_ _6\"></span>\u00e9sta<span class=\"_ _6\"></span> no revierte en <span class=\"_ _1\"></span>los ejercicios futuros. Estas valoraciones son r<span class=\"_ _e\"></span>ealizad<span class=\"_ _6\"></span>as de forma interna y <span class=\"_ _e\"></span>se ofrecen detalles sobre la metodolog\u00eda d<span class=\"_ _6\"></span>e c\u00e1lculo ap<span class=\"_ _6\"></span>licada en la Nota<span class=\"_ _6\"></span> 3.5. El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio <span class=\"_ _1\"></span>no se <span class=\"_ _e\"></span>amortiza y <span class=\"_ _e\"></span>se revisa <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>ualmente para <span class=\"_ _e\"></span>analizar las <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>osibles p\u00e9rdidas <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>deterioro de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>valor, <span class=\"_ _10\"></span>registr\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>financiera <span class=\"_ _10\"></span>consolida<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>coste <span class=\"_ _0\"></span>menos <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> p\u00e9rdidas po<span class=\"_ _6\"></span>r deterioro acumulada<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>El <span class=\"_ _11\"></span>Grupo <span class=\"_ _0\"></span>eval\u00fa<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>cada <span class=\"_ _11\"> </span>transacci\u00f3n <span class=\"_ _11\"></span>si <span class=\"_ _0\"></span>ha <span class=\"_ _11\"> </span>adquirido <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>negocio <span class=\"_ _11\"> </span>o <span class=\"_ _11\"></span>un <span class=\"_ _11\"></span>grupo <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>activos, <span class=\"_ _11\"></span>analizando <span class=\"_ _0\"></span>si <span class=\"_ _11\"> </span>el conjunto d<span class=\"_ _6\"></span>e activos adquiridos cu<span class=\"_ _6\"></span>mple con la definici\u00f3n de <span class=\"_ _6\"></span>negocio recogida en<span class=\"_ _6\"></span> NIIF<span class=\"_ _6\"></span>-<span class=\"lse\">3.<span class=\"_ _6\"></span></span> El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>reconoce <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>participaciones <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>dominantes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>entid<span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quirida <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los activos netos<span class=\"_ _6\"></span> identificables de la entid<span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>, valorados a valor razonab<span class=\"_ _6\"></span>le<span class=\"lsf\">.<span class=\"_ _33\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "3.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Combinacione<span class=\"_ _1\"></span>s de negocio<span class=\"_ _33\"> </span></span><span class=\"fc2\"> </span>Las combinaciones de <span class=\"_ _e\"></span>negocio<span class=\"_ _6\"></span>s en <span class=\"_ _1\"></span>las que <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo adquiere <span class=\"_ _1\"></span>el control <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e uno <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span> varios <span class=\"_ _1\"></span>negocios se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>m<span class=\"_ _6\"></span>\u00e9todo de <span class=\"_ _e\"></span>adquisici\u00f3n de <span class=\"_ _e\"></span>acuerdo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>lo dispuesto en <span class=\"_ _e\"></span>la NIIF <span class=\"_ _e\"></span>3 Combinaciones de <span class=\"_ _e\"></span>Negocio. Se<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>considera \u201cnegocio\u201d <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>conjun<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>integrado <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>actividades <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>activos, <span class=\"_ _6\"></span>sus<span class=\"_ _6\"></span>ceptibles <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>ser <span class=\"_ _6\"></span>dirigidos <span class=\"_ _15\"></span>y ges<span class=\"_ _6\"></span>tionados <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>el prop\u00f3sito <span class=\"_ _15\"></span>de; <span class=\"_ _6\"></span>1) <span class=\"_ _15\"></span>proporcionar <span class=\"_ _15\"></span>bienes <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>servicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>clientes, <span class=\"_ _15\"></span>y/o <span class=\"_ _6\"></span>2) <span class=\"_ _15\"></span>generar <span class=\"_ _15\"></span>ingresos <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>versiones<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>otros ingresos de activid<span class=\"_ _6\"></span>ades o<span class=\"_ _6\"></span>rdinarias. El <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _10\"></span>implica, <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>car\u00e1cter <span class=\"_ _10\"></span>general, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>registro, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>fecha <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>obtiene <span class=\"_ _10\"></span>el control <span class=\"_ _17\"> </span>del <span class=\"_ _18\"> </span>negocio <span class=\"_ _17\"> </span>adquirido, <span class=\"_ _18\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _18\"> </span>activos <span class=\"_ _17\"> </span>adquiridos, <span class=\"_ _17\"> </span>los <span class=\"_ _18\"> </span>pasivos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>asumido<span class=\"_ _6\"></span>s, <span class=\"_ _1e\"> </span>los <span class=\"_ _18\"> </span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _1e\"> </span>de patrimonio <span class=\"_ _15\"></span>neto <span class=\"_ _15\"></span>emitidos, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>cualquier <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>prest<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>contingente <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>dependa <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>echos <span class=\"_ _15\"></span>futuros <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>del cumplimiento <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ciertas <span class=\"_ _11\"></span>condiciones, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>dicha <span class=\"_ _0\"></span>fecha, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>cuando <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>valo<span class=\"_ _6\"></span>r pueda <span class=\"_ _10\"></span>ser <span class=\"_ _0\"></span>medido <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _10\"></span>f<span class=\"_ _6\"></span>iable. <span class=\"_ _10\"></span>Los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>costes <span class=\"_ _0\"></span>relacionados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>recono<span class=\"_ _6\"></span>cen <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>gast<span class=\"_ _15\"></span>os cuando se in<span class=\"_ _6\"></span>curre en ellos.<span class=\"_ _33\"> </span>La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ositiva <span class=\"_ _10\"></span>existente <span class=\"_ _15\"></span>entre <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>traprestaci\u00f3n <span class=\"_ _10\"></span>trans<span class=\"_ _6\"></span>ferida <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>particip<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>quirida<span class=\"_ _15\"></span> <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _15\"></span>el valor <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>ignado <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>articipaciones <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>dominantes<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _15\"></span>neto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>adquiridos <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>pasivos<span class=\"_ _33\"> </span>asumidos, que incluye los pasivos contingentes, junto<span class=\"_ _6\"></span> con el<span class=\"_ _1\"></span> valor razonable de la participaci\u00f3n que pudiera tenerse <span class=\"_ _11\"> </span>previamente <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>negocio <span class=\"_ _11\"> </span>ad<span class=\"_ _6\"></span>quirido, <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>registra <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _12\"> </span>\u201cFondo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>comercio\u201d. <span class=\"_ _12\"> </span>Si <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>icha diferencia fuera negativa, s<span class=\"_ _6\"></span>e reconocer\u00eda dir<span class=\"_ _6\"></span>ectamente com<span class=\"_ _6\"></span>o un mayor <span class=\"_ _6\"></span>resultado del ejercicio.<span class=\"_ _33\"> </span>Si <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>co<span class=\"_ _6\"></span>mbinaci\u00f3n de <span class=\"_ _a\"></span>nego<span class=\"_ _6\"></span>cios s\u00f3lo <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>puede <span class=\"_ _1\"></span>determinar <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>f<span class=\"_ _6\"></span>orma provisional, <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>netos identificables se <span class=\"_ _11\"> </span>registra<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>inicialmente <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>us <span class=\"_ _12\"> </span>valores <span class=\"_ _12\"> </span>provisionales<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>reconociendo <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>aj<span class=\"_ _6\"></span>ustes <span class=\"_ _12\"> </span>efectuados<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>durante <span class=\"_ _11\"> </span>el periodo de <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>aloraci\u00f3n definitiva,<span class=\"_ _6\"></span> que <span class=\"_ _e\"></span>como m\u00e1ximo es de <span class=\"_ _1\"></span>1 a\u00f1o desde <span class=\"_ _e\"></span>la fecha de <span class=\"_ _1\"></span>adquisi<span class=\"_ _6\"></span>ci\u00f3n, como <span class=\"_ _1\"></span>si \u00e9stos<span class=\"_ _6\"></span> se <span class=\"_ _11\"></span>hubieran <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>ocido <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>adquisici\u00f3n, <span class=\"_ _11\"></span>re-expr<span class=\"_ _6\"></span>esando, <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>su <span class=\"_ _11\"> </span>caso, <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>cifras <span class=\"_ _11\"></span>comparativas <span class=\"_ _11\"></span>del ejercicio <span class=\"_ _17\"> </span>anterior.<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>En <span class=\"_ _17\"> </span>cualq<span class=\"_ _6\"></span>uier <span class=\"_ _17\"> </span>caso, <span class=\"_ _17\"> </span>los <span class=\"_ _1c\"> </span>ajustes <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _17\"> </span>prov<span class=\"_ _6\"></span>isionales <span class=\"_ _17\"> </span>\u00fanicamente<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>incorporan informaci\u00f3n <span class=\"_ _10\"></span>relativa <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>echos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>circuns<span class=\"_ _6\"></span>tancias<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>exist\u00edan <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>adqu<span class=\"_ _6\"></span>isici\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>que, <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>aber sido <span class=\"_ _15\"></span>conocidos<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>hubieran <span class=\"_ _15\"></span>afectado <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>importes <span class=\"_ _15\"></span>recono<span class=\"_ _6\"></span>cidos <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>dicha <span class=\"_ _15\"></span>fecha. <span class=\"_ _15\"></span>Transcurrid<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>dicho <span class=\"_ _15\"></span>periodo, s\u00f3lo se realizan a<span class=\"_ _6\"></span>justes a la valoraci\u00f3n in<span class=\"_ _6\"></span>icial como la correc<span class=\"_ _6\"></span>ci\u00f3n de un error<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> El fondo de come<span class=\"_ _6\"></span>rcio resultan<span class=\"_ _6\"></span>te de una combinaci\u00f3<span class=\"_ _6\"></span>n de n<span class=\"_ _6\"></span>egocios s<span class=\"_ _6\"></span>e asigna a cada <span class=\"_ _6\"></span>una de las<span class=\"_ _6\"></span> UGE o Grupos de UGE que se espera s<span class=\"_ _6\"></span>e vayan a b<span class=\"_ _6\"></span>eneficiar de la sinergias d<span class=\"_ _6\"></span>e la combinaci\u00f3n. <span class=\"_ _15\"></span> Los <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio <span class=\"_ _6\"></span>s\u00f3<span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _6\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ido <span class=\"_ _6\"></span>adquirido<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>t\u00edtulo <span class=\"_ _10\"></span>oneroso<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>amort<span class=\"_ _6\"></span>izan. En <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>lu<span class=\"_ _6\"></span>gar, <span class=\"_ _10\"></span>son <span class=\"_ _10\"></span>revisado<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>anualmente <span class=\"_ _10\"></span>mediante <span class=\"_ _0\"></span>estudios <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>verificar <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>exista <span class=\"_ _10\"></span>deterioro <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>valor asignado <span class=\"_ _6\"></span>inicialmente, <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ci\u00e9ndose <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>el v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>recuperable es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inferior al <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>asignado <span class=\"_ _15\"></span>inicialmente. <span class=\"_ _6\"></span>Una <span class=\"_ _15\"></span>vez <span class=\"_ _15\"></span>reconocida <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>fondo d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio, <span class=\"_ _6\"></span>\u00e9sta<span class=\"_ _6\"></span> no revierte en <span class=\"_ _1\"></span>los ejercicios futuros. Estas valoraciones son r<span class=\"_ _e\"></span>ealizad<span class=\"_ _6\"></span>as de forma interna y <span class=\"_ _e\"></span>se ofrecen detalles sobre la metodolog\u00eda d<span class=\"_ _6\"></span>e c\u00e1lculo ap<span class=\"_ _6\"></span>licada en la Nota<span class=\"_ _6\"></span> 3.5. El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio <span class=\"_ _1\"></span>no se <span class=\"_ _e\"></span>amortiza y <span class=\"_ _e\"></span>se revisa <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>ualmente para <span class=\"_ _e\"></span>analizar las <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>osibles p\u00e9rdidas <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>deterioro de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>valor, <span class=\"_ _10\"></span>registr\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>financiera <span class=\"_ _10\"></span>consolida<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>coste <span class=\"_ _0\"></span>menos <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> p\u00e9rdidas po<span class=\"_ _6\"></span>r deterioro acumulada<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>El <span class=\"_ _11\"></span>Grupo <span class=\"_ _0\"></span>eval\u00fa<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>cada <span class=\"_ _11\"> </span>transacci\u00f3n <span class=\"_ _11\"></span>si <span class=\"_ _0\"></span>ha <span class=\"_ _11\"> </span>adquirido <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>negocio <span class=\"_ _11\"> </span>o <span class=\"_ _11\"></span>un <span class=\"_ _11\"></span>grupo <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>activos, <span class=\"_ _11\"></span>analizando <span class=\"_ _0\"></span>si <span class=\"_ _11\"> </span>el conjunto d<span class=\"_ _6\"></span>e activos adquiridos cu<span class=\"_ _6\"></span>mple con la definici\u00f3n de <span class=\"_ _6\"></span>negocio recogida en<span class=\"_ _6\"></span> NIIF<span class=\"_ _6\"></span>-<span class=\"lse\">3.<span class=\"_ _6\"></span></span> El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>reconoce <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>participaciones <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>dominantes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>entid<span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quirida <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los activos netos<span class=\"_ _6\"></span> identificables de la entid<span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>, valorados a valor razonab<span class=\"_ _6\"></span>le<span class=\"lsf\">.<span class=\"_ _33\"> </span></span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>ENCE <span class=\"_ _6\"></span>revisa, <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>ejercicio, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sus <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>financieros, entre los <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se incluy<span class=\"_ _6\"></span>en los <span class=\"_ _6\"></span>activos<span class=\"_ _6\"></span> materiales, <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos po<span class=\"_ _6\"></span>r derecho <span class=\"_ _6\"></span>de us<span class=\"_ _6\"></span>o, el <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>de comercio <span class=\"_ _6\"></span>junto a <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>inta<span class=\"_ _6\"></span>ngibles, <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span><span class=\"ff6\">activos <span class=\"_ _10\"></span>biol\u00f3gicos, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>\u201cInversiones <span class=\"_ _10\"></span>contabilizadas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>m\u00e9todo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la </span>participaci\u00f3n\u201d <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>determinar <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _15\"></span>existe <span class=\"_ _15\"></span>alg\u00fan <span class=\"_ _15\"></span>indicio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>dichos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>hayan <span class=\"_ _15\"></span>sufrido <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _15\"></span>p\u00e9rdida <span class=\"_ _15\"></span>por deterioro, y <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or tanto <span class=\"_ _e\"></span>el valor <span class=\"_ _1\"></span>que se <span class=\"_ _e\"></span>esp<span class=\"_ _6\"></span>era recuperar <span class=\"_ _e\"></span>de su uso <span class=\"_ _e\"></span>o dispos<span class=\"_ _6\"></span>ici\u00f3n es <span class=\"_ _1\"></span>inferior <span class=\"_ _1\"></span>a su <span class=\"_ _1\"></span>valor e<span class=\"_ _1\"></span>n libros.<span class=\"_ _33\"> </span>En <span class=\"_ _12\"> </span>caso <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>existir <span class=\"_ _12\"> </span>indicios <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>deterioro,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>ll<span class=\"_ _6\"></span>eva <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cabo <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>na <span class=\"_ _12\"> </span>estimaci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>importe <span class=\"_ _12\"> </span>recuperable, <span class=\"_ _12\"> </span>para<span class=\"_ _6\"></span> determinar, en <span class=\"_ _e\"></span>su caso, <span class=\"_ _e\"></span>el importe <span class=\"_ _e\"></span>del deterioro. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _1\"></span>importe recuperable <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>mayor <span class=\"_ _1\"></span>entre el <span class=\"_ _e\"></span>valor razonable minorado p<span class=\"_ _6\"></span>or el <span class=\"_ _6\"></span>coste de su <span class=\"_ _6\"></span>venta y<span class=\"_ _6\"></span> el valo<span class=\"_ _6\"></span><span class=\"ff6\">r <span class=\"_ _6\"></span>\u201cen us<span class=\"_ _6\"></span>o\u201d. En el caso<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los fondos <span class=\"_ _6\"></span>de comercio <span class=\"_ _6\"></span>ENCE realiza <span class=\"_ _6\"></span>de </span>forma sistem\u00e1tica el an<span class=\"_ _6\"></span>\u00e1lisis de recuperabilidad al m<span class=\"_ _6\"></span>enos anualmente.<span class=\"_ _15\"></span> Los <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>\u201cen <span class=\"_ _15\"></span>uso\u201d se <span class=\"_ _6\"></span>determinan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>Unidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Generadora <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Efectivo <span class=\"_ _6\"></span>(UGE). <span class=\"_ _6\"></span>El <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>comercio adquirido en una <span class=\"_ _6\"></span>combinaci\u00f3n de negocios se distrib<span class=\"_ _6\"></span>uye entre cada una de las UGE que se benefician de las sinergias <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>combin<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>negoc<span class=\"_ _6\"></span>ios. <span class=\"_ _15\"></span>Con <span class=\"_ _15\"></span>ca<span class=\"_ _6\"></span>r\u00e1ct<span class=\"_ _6\"></span>er <span class=\"_ _15\"></span>general, <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>una <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaci<span class=\"_ _6\"></span>ones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el Grupo desarrolla s<span class=\"_ _6\"></span>u actividad es una <span class=\"_ _6\"></span>UGE.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-575": {
   "value": "3.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Combinacione<span class=\"_ _1\"></span>s de negocio<span class=\"_ _33\"> </span></span>La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ositiva <span class=\"_ _10\"></span>existente <span class=\"_ _15\"></span>entre <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>traprestaci\u00f3n <span class=\"_ _10\"></span>trans<span class=\"_ _6\"></span>ferida <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>particip<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>quirida<span class=\"_ _15\"></span> <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _15\"></span>el valor <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>ignado <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>articipaciones <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>dominantes<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _15\"></span>neto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>adquiridos <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>pasivos<span class=\"_ _33\"> </span>asumidos, que incluye los pasivos contingentes, junto<span class=\"_ _6\"></span> con el<span class=\"_ _1\"></span> valor razonable de la participaci\u00f3n que pudiera tenerse <span class=\"_ _11\"> </span>previamente <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>negocio <span class=\"_ _11\"> </span>ad<span class=\"_ _6\"></span>quirido, <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>registra <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _12\"> </span>\u201cFondo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>comercio\u201d. <span class=\"_ _12\"> </span>Si <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>icha diferencia fuera negativa, s<span class=\"_ _6\"></span>e reconocer\u00eda dir<span class=\"_ _6\"></span>ectamente com<span class=\"_ _6\"></span>o un mayor <span class=\"_ _6\"></span>resultado del ejercicio.<span class=\"_ _33\"> </span>El fondo de come<span class=\"_ _6\"></span>rcio resultan<span class=\"_ _6\"></span>te de una combinaci\u00f3<span class=\"_ _6\"></span>n de n<span class=\"_ _6\"></span>egocios s<span class=\"_ _6\"></span>e asigna a cada <span class=\"_ _6\"></span>una de las<span class=\"_ _6\"></span> UGE o Grupos de UGE que se espera s<span class=\"_ _6\"></span>e vayan a b<span class=\"_ _6\"></span>eneficiar de la sinergias d<span class=\"_ _6\"></span>e la combinaci\u00f3n. <span class=\"_ _15\"></span> Los <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio <span class=\"_ _6\"></span>s\u00f3<span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _6\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ido <span class=\"_ _6\"></span>adquirido<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>t\u00edtulo <span class=\"_ _10\"></span>oneroso<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>amort<span class=\"_ _6\"></span>izan. En <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>lu<span class=\"_ _6\"></span>gar, <span class=\"_ _10\"></span>son <span class=\"_ _10\"></span>revisado<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>anualmente <span class=\"_ _10\"></span>mediante <span class=\"_ _0\"></span>estudios <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>verificar <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>exista <span class=\"_ _10\"></span>deterioro <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>valor asignado <span class=\"_ _6\"></span>inicialmente, <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ci\u00e9ndose <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>el v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>recuperable es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inferior al <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>asignado <span class=\"_ _15\"></span>inicialmente. <span class=\"_ _6\"></span>Una <span class=\"_ _15\"></span>vez <span class=\"_ _15\"></span>reconocida <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>fondo d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio, <span class=\"_ _6\"></span>\u00e9sta<span class=\"_ _6\"></span> no revierte en <span class=\"_ _1\"></span>los ejercicios futuros. Estas valoraciones son r<span class=\"_ _e\"></span>ealizad<span class=\"_ _6\"></span>as de forma interna y <span class=\"_ _e\"></span>se ofrecen detalles sobre la metodolog\u00eda d<span class=\"_ _6\"></span>e c\u00e1lculo ap<span class=\"_ _6\"></span>licada en la Nota<span class=\"_ _6\"></span> 3.5. El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio <span class=\"_ _1\"></span>no se <span class=\"_ _e\"></span>amortiza y <span class=\"_ _e\"></span>se revisa <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>ualmente para <span class=\"_ _e\"></span>analizar las <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>osibles p\u00e9rdidas <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>deterioro de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>valor, <span class=\"_ _10\"></span>registr\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>financiera <span class=\"_ _10\"></span>consolida<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>coste <span class=\"_ _0\"></span>menos <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> p\u00e9rdidas po<span class=\"_ _6\"></span>r deterioro acumulada<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-576": {
   "value": "El <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _10\"></span>implica, <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>car\u00e1cter <span class=\"_ _10\"></span>general, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>registro, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>fecha <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>obtiene <span class=\"_ _10\"></span>el control <span class=\"_ _17\"> </span>del <span class=\"_ _18\"> </span>negocio <span class=\"_ _17\"> </span>adquirido, <span class=\"_ _18\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _18\"> </span>activos <span class=\"_ _17\"> </span>adquiridos, <span class=\"_ _17\"> </span>los <span class=\"_ _18\"> </span>pasivos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>asumido<span class=\"_ _6\"></span>s, <span class=\"_ _1e\"> </span>los <span class=\"_ _18\"> </span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _1e\"> </span>de patrimonio <span class=\"_ _15\"></span>neto <span class=\"_ _15\"></span>emitidos, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>cualquier <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>prest<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>contingente <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>dependa <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>echos <span class=\"_ _15\"></span>futuros <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>del cumplimiento <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ciertas <span class=\"_ _11\"></span>condiciones, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>dicha <span class=\"_ _0\"></span>fecha, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>cuando <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>valo<span class=\"_ _6\"></span>r pueda <span class=\"_ _10\"></span>ser <span class=\"_ _0\"></span>medido <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _10\"></span>f<span class=\"_ _6\"></span>iable. <span class=\"_ _10\"></span>Los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>costes <span class=\"_ _0\"></span>relacionados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>recono<span class=\"_ _6\"></span>cen <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>gast<span class=\"_ _15\"></span>os cuando se in<span class=\"_ _6\"></span>curre en ellos.<span class=\"_ _33\"> </span>No existe un mercado a<span class=\"_ _6\"></span>ctivo del Eucalipto en E<span class=\"_ _6\"></span>spa\u00f1a, y las caracter\u00edsticas de las<span class=\"_ _6\"></span> transacciones que s<span class=\"_ _6\"></span>e llevan a  cabo  no <span class=\"_ _12\"> </span>h<span class=\"_ _6\"></span>an  permitido  hasta  la<span class=\"_ _1\"></span>  fecha  identificar  ref<span class=\"_ _1\"></span>erencias  de  precio  de  mercado  v\u00e1lidas  para <span class=\"_ _12\"> </span>su extrapolaci\u00f3n <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>patrimonio <span class=\"_ _15\"></span>forestal <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE. <span class=\"_ _15\"></span>Por <span class=\"_ _6\"></span>otra <span class=\"_ _6\"></span>parte, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>aplicaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>m\u00e9todos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>alternativos <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue plantea <span class=\"_ _12\"> </span>NIIF  13 <span class=\"_ _11\"> </span>para  determ<span class=\"_ _1\"></span>inar <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>valo<span class=\"_ _6\"></span>r <span class=\"_ _12\"> </span>razonable, <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>ha <span class=\"_ _12\"> </span>permitido  cuantificar <span class=\"_ _11\"> </span>con  fiabilidad <span class=\"_ _11\"> </span>el  valor<span class=\"_ _1\"></span> razonable <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>biol\u00f3gicos, <span class=\"_ _11\"></span>debido <span class=\"_ _0\"></span>entre <span class=\"_ _11\"></span>otros <span class=\"_ _0\"></span>factores, <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _11\"></span>asunciones <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>estim<span class=\"_ _6\"></span>aciones <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>se deben llevar a <span class=\"_ _6\"></span>cabo y al impac<span class=\"_ _6\"></span>to que las<span class=\"_ _6\"></span> mismas tien<span class=\"_ _6\"></span>en en los<span class=\"_ _6\"></span> resultados d<span class=\"_ _6\"></span>e la cuantificac<span class=\"_ _6\"></span>i\u00f3n. Por todo ello,<span class=\"_ _6\"></span> el Grupo no valo<span class=\"_ _6\"></span>ra sus activos biol\u00f3<span class=\"_ _6\"></span>gicos a valor ra<span class=\"_ _6\"></span>zonable.<span class=\"_ _6\"></span> ENCE ha desarrollado un modelo de valoraci\u00f3n de su patrimonio forestal a partir del <span class=\"_ _1\"></span>descuento de los flujos futuros <span class=\"_ _10\"></span>previstos, <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _10\"></span>considerad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>lo <span class=\"_ _15\"></span>suficientemente <span class=\"_ _15\"></span>fiabl<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>ser <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>tilizado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>valoraci\u00f3n <span class=\"_ _10\"></span>a valor razonable <span class=\"_ _1\"></span>de los<span class=\"_ _1\"></span> activos <span class=\"_ _e\"></span>biol\u00f3gico<span class=\"_ _6\"></span>s, si <span class=\"_ _e\"></span>b<span class=\"_ _6\"></span>ien, su <span class=\"_ _e\"></span>utilizaci\u00f3n consistente en <span class=\"_ _e\"></span>el tiempo <span class=\"_ _1\"></span>s\u00ed <span class=\"_ _1\"></span>permite <span class=\"_ _1\"></span>identificar<span class=\"_ _6\"></span> rangos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>tendencias<span class=\"_ _6\"></span> qu<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>e tienen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>consideraci\u00f3n <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>evalu<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>existencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>posibles <span class=\"_ _10\"></span>ind<span class=\"_ _6\"></span>icios <span class=\"_ _6\"></span>de deterioro de valor en los<span class=\"_ _6\"></span> activos b<span class=\"_ _6\"></span>iol\u00f3gicos.<span class=\"_ _33\"> </span>En <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>momento <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>cimiento <span class=\"_ _6\"></span>inicial,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ENCE <span class=\"_ _15\"></span>valora <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>activo <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciero <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>razo<span class=\"_ _6\"></span>nable, <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e incluye <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>tran<span class=\"_ _6\"></span>sacci\u00f3n <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>s<span class=\"_ _6\"></span>ean <span class=\"_ _17\"> </span>directamente <span class=\"_ _17\"> </span>atribuibles <span class=\"_ _1c\"> </span>a <span class=\"_ _1e\"> </span>la <span class=\"_ _17\"> </span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _17\"> </span>del <span class=\"_ _17\"> </span>activo. Excepcionalmente, <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>costes  de  trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _18\"> </span>correspondientes <span class=\"_ _18\"> </span>a  activos <span class=\"_ _18\"> </span>financieros  valo<span class=\"_ _6\"></span>rados  a <span class=\"_ _18\"> </span>valor razonable con cambios<span class=\"_ _6\"></span> en resultad<span class=\"_ _6\"></span>os se imputan<span class=\"_ _6\"></span> directamente a resultados<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>ii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Valor <span class=\"_ _6\"></span>razon<span class=\"_ _6\"></span>able <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>resultados<span class=\"_ _6\"></span>: <span class=\"_ _6\"></span>dentro <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>categor\u00eda <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incluyen <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no </span></span>cumplen <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>condiciones <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>considerars<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cobertura <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>N<span class=\"_ _6\"></span>IIF <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _15\"></span>Ins<span class=\"_ _6\"></span>trumentos Financieros, los activos <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _1\"></span>que otras <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>ormas establezcan que <span class=\"_ _1\"></span>deben valorarse <span class=\"_ _e\"></span>a valor razonable con <span class=\"_ _6\"></span>cargo <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os, <span class=\"_ _6\"></span>tales como <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>contraprestacion<span class=\"_ _6\"></span>es contin<span class=\"_ _6\"></span>gentes <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>egocios y aquellos activ<span class=\"_ _6\"></span>os financieros que d<span class=\"_ _6\"></span>e valorarse de otra<span class=\"_ _6\"></span> forma generar\u00edan una as<span class=\"_ _6\"></span>imetr\u00eda contable.<span class=\"_ _33\"> </span>Los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roduzcan <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>impu<span class=\"_ _6\"></span>tan <span class=\"_ _15\"></span>cuando <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cen <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _17\"> </span>financieros\u201d, <span class=\"_ _17\"> </span>\u201cIngresos <span class=\"_ _17\"> </span>financieros\u201d <span class=\"_ _17\"> </span>o <span class=\"_ _17\"> </span>\u201cVariaci\u00f3n <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>valor <span class=\"_ _17\"> </span>razonable <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>instru<span class=\"_ _6\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _6\"></span> corresponda,<span class=\"_ _6\"></span> del Estado de Resu<span class=\"_ _6\"></span>ltado conso<span class=\"_ _6\"></span><span class=\"ff4\">lida<span class=\"_ _6\"></span>do. </span>En el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de particip<span class=\"_ _6\"></span>aciones en <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es no <span class=\"_ _6\"></span>cotizadas<span class=\"_ _6\"></span>, poco <span class=\"_ _15\"></span>relevantes<span class=\"_ _6\"></span>, dad<span class=\"_ _6\"></span>o qu<span class=\"_ _6\"></span>e el valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able no <span class=\"_ _15\"></span>siempre <span class=\"_ _15\"></span>es <span class=\"_ _15\"></span>posible <span class=\"_ _15\"></span>determinarlo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>forma <span class=\"_ _15\"></span>fiabl<span class=\"_ _6\"></span>e, <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>valoran <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _15\"></span>corregido<span class=\"_ _6\"></span> por las evidencias<span class=\"_ _6\"></span> de deterioro que p<span class=\"_ _6\"></span>udieran existir.<span class=\"_ _6\"></span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>irectamente <span class=\"_ _0\"></span>atribuibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _6\"></span> gasto en el Estad<span class=\"_ _6\"></span>o de Resultado co<span class=\"_ _6\"></span>nsolidado a medida <span class=\"_ _6\"></span>que se incurre en ellos.<span class=\"_ _33\"> </span>iii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Activos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>cambios <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>otro <span class=\"_ _15\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>global: <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>tiene <span class=\"_ _10\"></span>activos </span></span>clasificados en esta ca<span class=\"_ _6\"></span>tegor\u00eda.<span class=\"_ _33\"> </span>ENCE <span class=\"_ _10\"></span>clasifica <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>pasivos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>siguientes <span class=\"_ _10\"></span>categor\u00edas, <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>posteriorid<span class=\"_ _6\"></span>ad <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>recono<span class=\"_ _6\"></span>cimiento inicial; 1) <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>amortizado, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2) <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>cambios <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>resulta<span class=\"_ _6\"></span>dos. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>esta \u00fa<span class=\"_ _6\"></span>ltima <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>se recogen b<span class=\"_ _6\"></span>\u00e1sicamente <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>traprestacio<span class=\"_ _6\"></span>nes <span class=\"_ _6\"></span>contin<span class=\"_ _6\"></span>gentes qu<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>puedan <span class=\"_ _6\"></span>originar <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e negocios, <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>instrumentos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _10\"></span>designados <span class=\"_ _0\"></span>como <span class=\"_ _15\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>de cobertura de acuerdo co<span class=\"_ _6\"></span>n NIIF 9 <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> Instrumentos<span class=\"_ _6\"></span> Financiero<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>Los p<span class=\"_ _6\"></span>r\u00e9stamos, <span class=\"_ _6\"></span>obligaciones <span class=\"_ _6\"></span>y s<span class=\"_ _6\"></span>imilares se <span class=\"_ _6\"></span>registran <span class=\"_ _6\"></span>inicialmente <span class=\"_ _6\"></span>a v<span class=\"_ _6\"></span>alor razo<span class=\"_ _6\"></span>nable, v<span class=\"_ _6\"></span>alor q<span class=\"_ _6\"></span>ue normalm<span class=\"_ _6\"></span>ente coincide con el efectiv<span class=\"_ _6\"></span>o recibido, n<span class=\"_ _6\"></span>eto de los cos<span class=\"_ _6\"></span>tes incurridos en la t<span class=\"_ _6\"></span>ransacci\u00f3n. En p<span class=\"_ _6\"></span>eriodos posteriores, la totalidad de estas d<span class=\"_ _6\"></span>eudas se valora a <span class=\"_ _6\"></span>su coste amortizado, utilizando el m\u00e9tod<span class=\"_ _6\"></span>o del tipo de inter\u00e9s efectivo.<span class=\"_ _33\"> </span>Los gastos finan<span class=\"_ _6\"></span>cieros as\u00ed como los costes d<span class=\"_ _6\"></span>e estructuraci\u00f3n, se registran<span class=\"_ _6\"></span> seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"_ _6\"></span>o consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo del in<span class=\"_ _6\"></span>ter\u00e9s efectivo.<span class=\"_ _33\"> </span>Los <span class=\"_ _12\"> </span>acreedores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>pagar <span class=\"_ _12\"> </span>derivados <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>op<span class=\"_ _6\"></span>eraciones <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>son <span class=\"_ _12\"> </span>pasivos financieros <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>mayor <span class=\"_ _e\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>resentan <span class=\"_ _e\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>corto <span class=\"_ _1\"></span>plazo <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>devengan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>intereses. <span class=\"_ _e\"></span>Esto<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>saldos se registran inicialment<span class=\"_ _6\"></span>e a su valor razon<span class=\"_ _6\"></span>able y<span class=\"_ _6\"></span> posteriormente a s<span class=\"_ _6\"></span>u coste amortizad<span class=\"_ _6\"></span>o.<span class=\"_ _33\"> </span>Estos <span class=\"_ _18\"> </span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>financieros <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>valoran <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>todo <span class=\"_ _18\"> </span>mo<span class=\"_ _6\"></span>mento <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>su <span class=\"_ _18\"> </span>valor <span class=\"_ _18\"> </span>razonable<span class=\"_ _6\"></span>, <span class=\"_ _18\"> </span>registr\u00e1ndose <span class=\"_ _18\"> </span>las variaciones <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>\u201cIns<span class=\"_ _6\"></span>trumentos <span class=\"_ _1\"></span>financieros <span class=\"_ _e\"></span>derivad<span class=\"_ _6\"></span>os\u201d <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Situaci\u00f3n <span class=\"_ _1\"></span>Financiera consolidado s<span class=\"_ _6\"></span>i son negativas, y como \u201cActiv<span class=\"_ _6\"></span>os fi<span class=\"_ _6\"></span><span class=\"ff4\">nancieros </span>\u2013<span class=\"ff4\"> </span>Derivad<span class=\"_ _6\"></span>os de cobertu<span class=\"_ _6\"></span>ra\u201d si son po<span class=\"_ _6\"></span>sitivas.<span class=\"_ _33\"> </span>Coberturas <span class=\"_ _6\"></span>de valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able: el elemento <span class=\"_ _6\"></span>cubierto <span class=\"_ _6\"></span>se v<span class=\"_ _6\"></span>alora <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>su valo<span class=\"_ _6\"></span>r razonab<span class=\"_ _6\"></span>le al <span class=\"_ _6\"></span>igual que <span class=\"_ _6\"></span>el instrumento <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cobertura,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>registr\u00e1nd<span class=\"_ _6\"></span>ose <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>variaciones <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>valor <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>amb<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>en e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Resultado<span class=\"_ _6\"></span> consolidado<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Valor razonable de los<span class=\"_ _6\"></span> instrumen<span class=\"_ _6\"></span>tos financieros derivados<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>determina <span class=\"_ _10\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>siguiente <span class=\"_ _10\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel 1: por observ<span class=\"_ _6\"></span>aci\u00f3n directa de la cotiz<span class=\"_ _6\"></span>aci\u00f3n en mercado<span class=\"_ _6\"></span>s activos, de activ<span class=\"_ _6\"></span>os y pasivos id\u00e9nticos. <span class=\"_ _15\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _6\"></span>2: <span class=\"_ _6\"></span>empleando <span class=\"_ _6\"></span>inputs <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isponibles en <span class=\"_ _6\"></span>mercados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos, <span class=\"_ _6\"></span>diferentes <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios de <span class=\"_ _6\"></span>cotizaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>que </span></span>son aplicables<span class=\"_ _6\"></span> a los activos y pasiv<span class=\"_ _6\"></span>os, tanto directa como in<span class=\"_ _6\"></span>directamente.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _10\"></span>3: <span class=\"_ _0\"></span>utilizando<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>t\u00e9cnicas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valo<span class=\"_ _6\"></span>raci\u00f3n <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>cluyen <span class=\"_ _10\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>mercados </span></span>activos.<span class=\"_ _33\"> </span>La <span class=\"_ _15\"></span>determinaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>uno <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>principa<span class=\"_ _6\"></span>les <span class=\"_ _15\"></span>instrumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _6\"></span> este tipo de instrumentos finan<span class=\"_ _6\"></span>cieros, <span class=\"_ _6\"></span>a partir de datos facilitados por agencias<span class=\"_ _6\"></span> de informaci\u00f3n o d<span class=\"_ _6\"></span>atos de organ<span class=\"_ _6\"></span>ismos oficiales<span class=\"_ _6\"></span>, del siguiente <span class=\"_ _6\"></span>modo:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>de las <span class=\"_ _e\"></span>permutas de <span class=\"_ _e\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s se determ<span class=\"_ _1\"></span>ina <span class=\"_ _1\"></span>actualizando las <span class=\"_ _e\"></span>liqu<span class=\"_ _6\"></span>idaciones <span class=\"_ _1\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _1\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _1\"></span>de tipos swap a largo plazo<span class=\"_ _6\"></span>. Se utiliza la volatilidad imp<span class=\"_ _6\"></span>l\u00edcita para el c\u00e1lcul<span class=\"_ _6\"></span>o de los valo<span class=\"_ _6\"></span>res razonables.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>cas<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>contra<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>tipo <span class=\"_ _12\"> </span>de  cambio <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>futuro, <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>u <span class=\"_ _12\"> </span>valoraci\u00f3n <span class=\"_ _12\"> </span>se  determ<span class=\"_ _1\"></span>ina <span class=\"_ _12\"> </span>utilizan<span class=\"_ _6\"></span>do <span class=\"_ _12\"> </span>las </span></span>cotizaciones <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>contado <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>tipo <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cambio <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>rvas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _6\"></span>mo el empleo de la v<span class=\"_ _6\"></span>olatilidad impl\u00edcita<span class=\"_ _6\"></span> h<span class=\"_ _6\"></span>asta el vencimiento en el cas<span class=\"_ _6\"></span>o de op<span class=\"_ _6\"></span>ciones. <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _12\"> </span>valor  razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>ntratos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>compra<span class=\"_ _6\"></span>venta <span class=\"_ _12\"> </span>de  elementos <span class=\"_ _12\"> </span>no <span class=\"_ _12\"> </span>financi<span class=\"_ _6\"></span>eros <span class=\"_ _12\"> </span>a  los <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _6\"></span>NIIF <span class=\"_ _6\"></span>9 (pre<span class=\"_ _6\"></span>cio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>precio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>principalmente) <span class=\"_ _6\"></span>se calcula<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a partir <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la mejor <span class=\"_ _6\"></span>estima<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>curvas <span class=\"_ _15\"></span>futu<span class=\"_ _6\"></span>ras <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>dichos <span class=\"_ _15\"></span>elementos <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>financieros, <span class=\"_ _15\"></span>existente <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _6\"></span> a plazo.  Los valores <span class=\"_ _1\"></span>razonables se<span class=\"_ _1\"></span> ajustan <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el im<span class=\"_ _1\"></span>pacto esperado <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>riesgo de cr\u00e9dito <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>bservable de <span class=\"_ _e\"></span>la contraparte en <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>cenarios <span class=\"_ _12\"> </span>de  valoraci\u00f3n <span class=\"_ _12\"> </span>positivos, <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>impacto  del <span class=\"_ _11\"> </span>riesgo <span class=\"_ _12\"> </span>de  cr\u00e9dito <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>ropio <span class=\"_ _12\"> </span>ob<span class=\"_ _6\"></span>servable <span class=\"_ _12\"> </span>en <span class=\"_ _1a\"> </span>los escenarios de valo<span class=\"_ _6\"></span>raci\u00f3n negativos<span class=\"_ _6\"></span>. Los <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alores <span class=\"_ _15\"></span>obtenidos <span class=\"_ _10\"></span>utilizando <span class=\"_ _15\"></span>estas <span class=\"_ _10\"></span>t\u00e9cnicas <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _15\"></span>contrastados <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>financieras <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e ENCE tiene contrata<span class=\"_ _6\"></span>dos estos instrumentos<span class=\"_ _6\"></span> financieros.<span class=\"_ _6\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _6\"></span>encuadradas<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el nivel 2 <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>jerarqu\u00eda <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>razonables <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la NIIF 13, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>estar los inputs basad<span class=\"_ _6\"></span>os en precios cotizados p<span class=\"_ _6\"></span>ara ins<span class=\"_ _6\"></span>trumentos similares en mercados a<span class=\"_ _6\"></span>ctivos (no incluido<span class=\"_ _6\"></span>s en el nivel <span class=\"_ _e\"></span>1), <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>cotiza<span class=\"_ _6\"></span>dos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _e\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _e\"></span>id\u00e9nticos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>imilares <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>mercados <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>no <span class=\"_ _1\"></span>son <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>t\u00e9cnicas basadas <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>modelos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>ales <span class=\"_ _11\"> </span>todos <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>inputs <span class=\"_ _12\"> </span>significativos  son <span class=\"_ _11\"></span>observables <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el mercado o <span class=\"_ _6\"></span>pueden <span class=\"_ _6\"></span>ser corrob<span class=\"_ _6\"></span>orados<span class=\"_ _6\"></span> por <span class=\"_ _6\"></span>datos <span class=\"_ _6\"></span>observables de <span class=\"_ _6\"></span>mercado. E<span class=\"_ _6\"></span>n dicha<span class=\"_ _6\"></span> clasifica<span class=\"_ _6\"></span>ci\u00f3n s<span class=\"_ _6\"></span>e ha <span class=\"_ _6\"></span>tenido en <span class=\"_ _6\"></span>consideraci\u00f3n <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ajustes <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>riesgo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _6\"></span>utilizan <span class=\"_ _6\"></span>inpu<span class=\"_ _6\"></span>ts d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>ivel <span class=\"_ _6\"></span>3, <span class=\"_ _6\"></span>como s<span class=\"_ _6\"></span>on las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estimaciones de <span class=\"_ _11\"> </span>cr\u00e9dito <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _11\"> </span>crediticio <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>mpresas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>comparables <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>evaluar <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>pro<span class=\"_ _6\"></span>babilidad <span class=\"_ _12\"> </span>de quiebra <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>sociedad <span class=\"_ _10\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>parte, <span class=\"_ _15\"></span>si <span class=\"_ _15\"></span>bien, <span class=\"_ _10\"></span>dichos <span class=\"_ _15\"></span>ajustes <span class=\"_ _15\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>son <span class=\"_ _15\"></span>significativos<span class=\"_ _6\"></span>. <span class=\"_ _15\"></span>Por <span class=\"_ _15\"></span>otra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>parte, <span class=\"_ _15\"></span>las<span class=\"_ _33\"> </span>contraprestacion<span class=\"_ _6\"></span>es <span class=\"_ _1c\"> </span>contingentes <span class=\"_ _1c\"> </span>y <span class=\"_ _17\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _1c\"> </span>razonables <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1c\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _1c\"> </span>pasivos <span class=\"_ _17\"> </span>in<span class=\"_ _6\"></span>corporados <span class=\"_ _1b\"> </span>en combinaciones de negocios<span class=\"_ _6\"></span> que quedan<span class=\"_ _6\"></span> encuadradas<span class=\"_ _6\"></span> en el nivel 3 de la jerarqu\u00eda (v<span class=\"_ _6\"></span>\u00e9a<span class=\"_ _6\"></span>nse Nota<span class=\"_ _6\"></span>s 4 y 6<span class=\"_ _6\"></span><span class=\"ls19\">).<span class=\"_ _33\"> </span></span>Las subvencion<span class=\"_ _6\"></span>es de capital no reintegrables, asociadas a inversiones en a<span class=\"_ _6\"></span>ctivos productivos, se valoran por el <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>razonable <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>importe <span class=\"_ _15\"></span>concedido, <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>eto <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>costes <span class=\"_ _15\"></span>incurridos <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>obtenci\u00f3n, <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reconocen<span class=\"_ _6\"></span> cuando se <span class=\"_ _e\"></span>han cumplido <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>requisitos asociados a <span class=\"_ _e\"></span>su concesi\u00f3n. <span class=\"_ _e\"></span>Es<span class=\"_ _6\"></span>tas <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ubvenciones se <span class=\"_ _e\"></span>imputa<span class=\"_ _6\"></span>n <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>resultados<span class=\"_ _33\"> </span>en el e<span class=\"_ _1\"></span>p\u00edgrafe \u201c<span class=\"ff4\">Otros ingresos de explotaci\u00f3n<span class=\"_ _6\"></span></span>\u201d en proporci\u00f3n a la dotaci\u00f3n a <span class=\"_ _1\"></span>la amortizaci\u00f3n efectuada en el per\u00edodo para los<span class=\"_ _6\"></span> elementos s<span class=\"_ _6\"></span>ubvencionado<span class=\"_ _6\"></span>s o, en s<span class=\"_ _6\"></span>u caso, cuando<span class=\"_ _6\"></span> se produzca<span class=\"_ _6\"></span> su en<span class=\"_ _15\"></span>ajenaci\u00f3n o<span class=\"_ _6\"></span> correcci\u00f3n valorativa p<span class=\"_ _6\"></span>or deterioro.<span class=\"_ _33\"> </span>Los \u201cIngresos<span class=\"_ _6\"></span> ordinarios\u201d <span class=\"_ _6\"></span><span class=\"ff4\">derivados de contra<span class=\"_ _6\"></span>tos con clientes se reconocen en<span class=\"_ _6\"></span> funci\u00f3n del cumpli<span class=\"_ _6\"></span>miento de </span>las  o<span class=\"_ _6\"></span>bligaciones <span class=\"_ _18\"> </span>de  desempe\u00f1o<span class=\"_ _6\"></span>  con <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>clientes,  y <span class=\"_ _1e\"> </span>representan<span class=\"_ _6\"></span>  los <span class=\"_ _18\"> </span>importes <span class=\"_ _18\"> </span>a  cobrar <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>los  bienes entregados y servicios prestados en el marco ordinario de la actividad,<span class=\"_ _6\"></span> netos de devoluciones y descuentos, y <span class=\"_ _6\"></span>cantid<span class=\"_ _6\"></span>ades <span class=\"_ _6\"></span>recibidas <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>terceros, <span class=\"_ _15\"></span>tales <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>impuesto <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>a\u00f1adido. <span class=\"_ _15\"></span>Los <span class=\"_ _6\"></span>i<span class=\"_ _15\"></span>ngreso<span class=\"_ _6\"></span>s se  reconocen  cuando  se  pueden  medir  con  fiabilidad  y  es  probable  que  ENCE  recibir\u00e1  los  benef<span class=\"_ _15\"></span>icios econ\u00f3micos asociado<span class=\"_ _6\"></span>s a la transacci\u00f3n<span class=\"_ _6\"></span>, y se valoran por el valor razo<span class=\"_ _6\"></span>nable de la contra<span class=\"_ _6\"></span>prestaci\u00f3n recibida o a recibir.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-588": {
   "value": "La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ositiva <span class=\"_ _10\"></span>existente <span class=\"_ _15\"></span>entre <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>traprestaci\u00f3n <span class=\"_ _10\"></span>trans<span class=\"_ _6\"></span>ferida <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>particip<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>quirida<span class=\"_ _15\"></span> <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _15\"></span>el valor <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>ignado <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>articipaciones <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>dominantes<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>importe <span class=\"_ _15\"></span>neto <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>adquiridos <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>pasivos<span class=\"_ _33\"> </span>asumidos, que incluye los pasivos contingentes, junto<span class=\"_ _6\"></span> con el<span class=\"_ _1\"></span> valor razonable de la participaci\u00f3n que pudiera tenerse <span class=\"_ _11\"> </span>previamente <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>negocio <span class=\"_ _11\"> </span>ad<span class=\"_ _6\"></span>quirido, <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>registra <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _12\"> </span>\u201cFondo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>comercio\u201d. <span class=\"_ _12\"> </span>Si <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>icha diferencia fuera negativa, s<span class=\"_ _6\"></span>e reconocer\u00eda dir<span class=\"_ _6\"></span>ectamente com<span class=\"_ _6\"></span>o un mayor <span class=\"_ _6\"></span>resultado del ejercicio.<span class=\"_ _33\"> </span>El fondo de come<span class=\"_ _6\"></span>rcio resultan<span class=\"_ _6\"></span>te de una combinaci\u00f3<span class=\"_ _6\"></span>n de n<span class=\"_ _6\"></span>egocios s<span class=\"_ _6\"></span>e asigna a cada <span class=\"_ _6\"></span>una de las<span class=\"_ _6\"></span> UGE o Grupos de UGE que se espera s<span class=\"_ _6\"></span>e vayan a b<span class=\"_ _6\"></span>eneficiar de la sinergias d<span class=\"_ _6\"></span>e la combinaci\u00f3n. <span class=\"_ _15\"></span> Los <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio <span class=\"_ _6\"></span>s\u00f3<span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _6\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ido <span class=\"_ _6\"></span>adquirido<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>t\u00edtulo <span class=\"_ _10\"></span>oneroso<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>amort<span class=\"_ _6\"></span>izan. En <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>lu<span class=\"_ _6\"></span>gar, <span class=\"_ _10\"></span>son <span class=\"_ _10\"></span>revisado<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>anualmente <span class=\"_ _10\"></span>mediante <span class=\"_ _0\"></span>estudios <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>verificar <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>exista <span class=\"_ _10\"></span>deterioro <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>valor asignado <span class=\"_ _6\"></span>inicialmente, <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ci\u00e9ndose <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>el v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>recuperable es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inferior al <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>asignado <span class=\"_ _15\"></span>inicialmente. <span class=\"_ _6\"></span>Una <span class=\"_ _15\"></span>vez <span class=\"_ _15\"></span>reconocida <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>fondo d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>comercio, <span class=\"_ _6\"></span>\u00e9sta<span class=\"_ _6\"></span> no revierte en <span class=\"_ _1\"></span>los ejercicios futuros. Estas valoraciones son r<span class=\"_ _e\"></span>ealizad<span class=\"_ _6\"></span>as de forma interna y <span class=\"_ _e\"></span>se ofrecen detalles sobre la metodolog\u00eda d<span class=\"_ _6\"></span>e c\u00e1lculo ap<span class=\"_ _6\"></span>licada en la Nota<span class=\"_ _6\"></span> 3.5. El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio <span class=\"_ _1\"></span>no se <span class=\"_ _e\"></span>amortiza y <span class=\"_ _e\"></span>se revisa <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>ualmente para <span class=\"_ _e\"></span>analizar las <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>osibles p\u00e9rdidas <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>deterioro de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>valor, <span class=\"_ _10\"></span>registr\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>financiera <span class=\"_ _10\"></span>consolida<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>coste <span class=\"_ _0\"></span>menos <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> p\u00e9rdidas po<span class=\"_ _6\"></span>r deterioro acumulada<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>3.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Otros activos inta<span class=\"_ _1\"></span>ngibles </span>Los <span class=\"_ _11\"> </span>derechos <span class=\"_ _11\"> </span>incluidos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>este <span class=\"_ _0\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>Estado <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>Situaci\u00f3n <span class=\"_ _11\"> </span>Finan<span class=\"_ _6\"></span>ciera, <span class=\"_ _11\"></span>principalmente <span class=\"_ _11\"> </span>aplicaciones<span class=\"_ _6\"></span> inform\u00e1ticas, gastos <span class=\"_ _e\"></span>de desarrollo, <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> permisos <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>licencias <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>la ge<span class=\"_ _1\"></span>neraci\u00f3n de <span class=\"_ _e\"></span>energ\u00eda el\u00e9ctrica, <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>registra<span class=\"_ _6\"></span>n inicialmente <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>coste <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>adquisici\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n. <span class=\"_ _15\"></span>Tras <span class=\"_ _15\"></span>su <span class=\"_ _10\"></span>reconocimiento <span class=\"_ _15\"></span>inicial, <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>valora<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>coste <span class=\"_ _15\"></span>de adquisici\u00f3n, <span class=\"_ _10\"></span>deducidas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>amortizaci\u00f3n <span class=\"_ _10\"></span>acu<span class=\"_ _6\"></span>mulada <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>cualquier <span class=\"_ _15\"></span>p\u00e9rdida <span class=\"_ _10\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _10\"></span>deterioro <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _10\"></span>(v\u00e9ase <span class=\"_ _10\"></span>Not<span class=\"_ _15\"></span><span class=\"ls13\">a </span>3.5).  Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil <span class=\"_ _1\"></span>definida y se amortizan siguiendo <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _10\"></span>lineal <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>largo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _10\"></span>estimada, <span class=\"_ _10\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>periodo <span class=\"_ _10\"></span>du<span class=\"_ _6\"></span>rante <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>cual <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e prev\u00e9 que generar\u00e1n ingreso<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>Gastos de I+D - Los gastos d<span class=\"_ _6\"></span>e investigaci\u00f3n s<span class=\"_ _6\"></span>e reconocen como gasto en el ejercicio <span class=\"_ _6\"></span>en el que incurre <span class=\"_ _6\"></span>en ellos. <span class=\"_ _6\"></span> Por <span class=\"_ _12\"> </span>su  parte, <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>gastos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>desar<span class=\"_ _6\"></span>rollo, <span class=\"_ _12\"> </span>que  incluyen <span class=\"_ _11\"> </span>el<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>desarrollo  de <span class=\"_ _11\"> </span>nuevos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>proyect<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>negocio, <span class=\"_ _12\"> </span>se<span class=\"_ _6\"></span> reconocen como <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>su cos<span class=\"_ _6\"></span>te es <span class=\"_ _6\"></span>identificable por <span class=\"_ _6\"></span>proyecto, <span class=\"_ _6\"></span>y es p<span class=\"_ _6\"></span>robable que el <span class=\"_ _6\"></span>proyecto <span class=\"_ _6\"></span>vaya a<span class=\"_ _33\"> </span>tener <span class=\"_ _10\"></span>\u00e9xito <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>nivel <span class=\"_ _10\"></span>t\u00e9cnico <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>comercial. <span class=\"_ _0\"></span>Los <span class=\"_ _10\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>re\u00fanen <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>requis<span class=\"_ _6\"></span>itos <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>reconocen <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>un gasto en el ejercicio en q<span class=\"_ _6\"></span>ue se incurren.<span class=\"_ _6\"></span> Estos <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>cap<span class=\"_ _6\"></span>italizados <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan <span class=\"_ _0\"></span>linealm<span class=\"_ _6\"></span>ente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _6\"></span>os, <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>bien <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>plazo <span class=\"_ _11\"></span>en <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>prevea <span class=\"_ _0\"></span>que generar\u00e1n ingresos s<span class=\"_ _6\"></span>i este plazo es s<span class=\"_ _6\"></span>uperior, con el l\u00edmite de 10 a\u00f1o<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>Aplicaciones inform\u00e1tic<span class=\"_ _6\"></span>as- El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>registra <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>adquisici\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>programas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inform\u00e1ticos, <span class=\"_ _6\"></span>as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e licencias con <span class=\"_ _6\"></span>vigencia <span class=\"_ _6\"></span>plurianual. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _6\"></span>se reconocen <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>activos<span class=\"_ _6\"></span> intangibles<span class=\"_ _6\"></span> los <span class=\"_ _6\"></span>costes <span class=\"_ _6\"></span>directamente relacionados <span class=\"_ _0\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>esarrollo <span class=\"_ _0\"></span>interno <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>gramas <span class=\"_ _0\"></span>infor<span class=\"_ _6\"></span>m\u00e1ticos, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ea <span class=\"_ _0\"></span>clarament<span class=\"_ _6\"></span>e identificable <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>yecto, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>sea <span class=\"_ _e\"></span>prob<span class=\"_ _6\"></span>able <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>vayan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>gener<span class=\"_ _6\"></span>ar <span class=\"_ _e\"></span>beneficios <span class=\"_ _e\"></span>econ\u00f3m<span class=\"_ _6\"></span>icos <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>fut<span class=\"_ _6\"></span>uro <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>Grupo. El resto de los costes internos y <span class=\"_ _1\"></span>externos asociados al mantenimiento y desarrollo de s<span class=\"_ _6\"></span>oftware se imputan a resultados en el ejercicio en q<span class=\"_ _6\"></span>ue se incu<span class=\"_ _6\"></span>rren. La amortizaci\u00f3n <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>aplicacio<span class=\"_ _6\"></span>nes inform\u00e1ticas <span class=\"_ _1\"></span>se realiza aplicando el <span class=\"_ _e\"></span>m\u00e9todo<span class=\"_ _6\"></span> lineal <span class=\"_ _e\"></span>du<span class=\"_ _6\"></span>rante un per\u00edodo <span class=\"_ _1\"></span>de 5 a\u00f1os, a co<span class=\"_ _6\"></span>ntar desde la entrada en explotaci\u00f3<span class=\"_ _6\"></span>n de cada programa.<span class=\"_ _33\"> </span>Derechos de ge<span class=\"_ _6\"></span>neraci\u00f3n de energ\u00eda el\u00e9c<span class=\"_ _6\"></span>trica<span class=\"_ _6\"></span>- Los <span class=\"_ _11\"></span>permisos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>licencias <span class=\"_ _11\"> </span>que <span class=\"_ _0\"></span>permiten <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>una <span class=\"_ _0\"></span>ins<span class=\"_ _6\"></span>talaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>perar <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>r\u00e9gimen retributivo especial regulado en el <span class=\"_ _1\"></span>Real Decreto 413/2014, de 6 de <span class=\"_ _e\"></span>ju<span class=\"_ _6\"></span>nio, por el que <span class=\"_ _1\"></span>se regula la actividad <span class=\"_ _1\"></span>de producci\u00f3n <span class=\"_ _1a\"> </span>de <span class=\"_ _12\"> </span>energ\u00eda <span class=\"_ _12\"> </span>el\u00e9ctr<span class=\"_ _6\"></span>ica <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>artir <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>fuentes  de <span class=\"_ _11\"> </span>en<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _12\"> </span>renov<span class=\"_ _6\"></span>ab<span class=\"_ _6\"></span>le, <span class=\"_ _12\"> </span>cogeneraci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _12\"> </span>y  residuos, <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e registran <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>coste <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>adq<span class=\"_ _6\"></span>uisici\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>bien, <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>i<span class=\"_ _6\"></span>ncurrido <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>obten<span class=\"_ _6\"></span>ci\u00f3n, <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>amort<span class=\"_ _6\"></span>izan <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> a\u00f1os de vida \u00fatil regulatoria de las instalaciones de generaci\u00f3n de energ\u00eda renovable en la<span class=\"_ _6\"></span>s que se utilizan si dicha <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>\u00fatil <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _0\"></span>limitada <span class=\"_ _0\"></span>regulatoriamente, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>b<span class=\"_ _6\"></span>ien, <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>prev\u00e9 <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>instalaci\u00f3n titular genere beneficios par<span class=\"_ _6\"></span>a el Grupo<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "3.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Otros activos inta<span class=\"_ _1\"></span>ngibles </span>Los <span class=\"_ _11\"> </span>derechos <span class=\"_ _11\"> </span>incluidos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>este <span class=\"_ _0\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>Estado <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>Situaci\u00f3n <span class=\"_ _11\"> </span>Finan<span class=\"_ _6\"></span>ciera, <span class=\"_ _11\"></span>principalmente <span class=\"_ _11\"> </span>aplicaciones<span class=\"_ _6\"></span> inform\u00e1ticas, gastos <span class=\"_ _e\"></span>de desarrollo, <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> permisos <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>licencias <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>la ge<span class=\"_ _1\"></span>neraci\u00f3n de <span class=\"_ _e\"></span>energ\u00eda el\u00e9ctrica, <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>registra<span class=\"_ _6\"></span>n inicialmente <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>coste <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>adquisici\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n. <span class=\"_ _15\"></span>Tras <span class=\"_ _15\"></span>su <span class=\"_ _10\"></span>reconocimiento <span class=\"_ _15\"></span>inicial, <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>valora<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>coste <span class=\"_ _15\"></span>de adquisici\u00f3n, <span class=\"_ _10\"></span>deducidas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>amortizaci\u00f3n <span class=\"_ _10\"></span>acu<span class=\"_ _6\"></span>mulada <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>cualquier <span class=\"_ _15\"></span>p\u00e9rdida <span class=\"_ _10\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _10\"></span>deterioro <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _10\"></span>(v\u00e9ase <span class=\"_ _10\"></span>Not<span class=\"_ _15\"></span><span class=\"ls13\">a </span>3.5).  Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil <span class=\"_ _1\"></span>definida y se amortizan siguiendo <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _10\"></span>lineal <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>largo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _10\"></span>estimada, <span class=\"_ _10\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>periodo <span class=\"_ _10\"></span>du<span class=\"_ _6\"></span>rante <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>cual <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e prev\u00e9 que generar\u00e1n ingreso<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>Gastos de I+D - Los gastos d<span class=\"_ _6\"></span>e investigaci\u00f3n s<span class=\"_ _6\"></span>e reconocen como gasto en el ejercicio <span class=\"_ _6\"></span>en el que incurre <span class=\"_ _6\"></span>en ellos. <span class=\"_ _6\"></span> Por <span class=\"_ _12\"> </span>su  parte, <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>gastos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>desar<span class=\"_ _6\"></span>rollo, <span class=\"_ _12\"> </span>que  incluyen <span class=\"_ _11\"> </span>el<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>desarrollo  de <span class=\"_ _11\"> </span>nuevos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>proyect<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>negocio, <span class=\"_ _12\"> </span>se<span class=\"_ _6\"></span> reconocen como <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>su cos<span class=\"_ _6\"></span>te es <span class=\"_ _6\"></span>identificable por <span class=\"_ _6\"></span>proyecto, <span class=\"_ _6\"></span>y es p<span class=\"_ _6\"></span>robable que el <span class=\"_ _6\"></span>proyecto <span class=\"_ _6\"></span>vaya a<span class=\"_ _33\"> </span>tener <span class=\"_ _10\"></span>\u00e9xito <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>nivel <span class=\"_ _10\"></span>t\u00e9cnico <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>comercial. <span class=\"_ _0\"></span>Los <span class=\"_ _10\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>re\u00fanen <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>requis<span class=\"_ _6\"></span>itos <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>reconocen <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>un gasto en el ejercicio en q<span class=\"_ _6\"></span>ue se incurren.<span class=\"_ _6\"></span> Estos <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>cap<span class=\"_ _6\"></span>italizados <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan <span class=\"_ _0\"></span>linealm<span class=\"_ _6\"></span>ente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _6\"></span>os, <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>bien <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>plazo <span class=\"_ _11\"></span>en <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>prevea <span class=\"_ _0\"></span>que generar\u00e1n ingresos s<span class=\"_ _6\"></span>i este plazo es s<span class=\"_ _6\"></span>uperior, con el l\u00edmite de 10 a\u00f1o<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>Aplicaciones inform\u00e1tic<span class=\"_ _6\"></span>as- El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>registra <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>adquisici\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>programas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inform\u00e1ticos, <span class=\"_ _6\"></span>as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e licencias con <span class=\"_ _6\"></span>vigencia <span class=\"_ _6\"></span>plurianual. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _6\"></span>se reconocen <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>activos<span class=\"_ _6\"></span> intangibles<span class=\"_ _6\"></span> los <span class=\"_ _6\"></span>costes <span class=\"_ _6\"></span>directamente relacionados <span class=\"_ _0\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>esarrollo <span class=\"_ _0\"></span>interno <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>gramas <span class=\"_ _0\"></span>infor<span class=\"_ _6\"></span>m\u00e1ticos, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ea <span class=\"_ _0\"></span>clarament<span class=\"_ _6\"></span>e identificable <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>yecto, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>sea <span class=\"_ _e\"></span>prob<span class=\"_ _6\"></span>able <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>vayan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>gener<span class=\"_ _6\"></span>ar <span class=\"_ _e\"></span>beneficios <span class=\"_ _e\"></span>econ\u00f3m<span class=\"_ _6\"></span>icos <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>fut<span class=\"_ _6\"></span>uro <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>Grupo. El resto de los costes internos y <span class=\"_ _1\"></span>externos asociados al mantenimiento y desarrollo de s<span class=\"_ _6\"></span>oftware se imputan a resultados en el ejercicio en q<span class=\"_ _6\"></span>ue se incu<span class=\"_ _6\"></span>rren. La amortizaci\u00f3n <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>aplicacio<span class=\"_ _6\"></span>nes inform\u00e1ticas <span class=\"_ _1\"></span>se realiza aplicando el <span class=\"_ _e\"></span>m\u00e9todo<span class=\"_ _6\"></span> lineal <span class=\"_ _e\"></span>du<span class=\"_ _6\"></span>rante un per\u00edodo <span class=\"_ _1\"></span>de 5 a\u00f1os, a co<span class=\"_ _6\"></span>ntar desde la entrada en explotaci\u00f3<span class=\"_ _6\"></span>n de cada programa.<span class=\"_ _33\"> </span>Derechos de ge<span class=\"_ _6\"></span>neraci\u00f3n de energ\u00eda el\u00e9c<span class=\"_ _6\"></span>trica<span class=\"_ _6\"></span>- Los <span class=\"_ _11\"></span>permisos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>licencias <span class=\"_ _11\"> </span>que <span class=\"_ _0\"></span>permiten <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>una <span class=\"_ _0\"></span>ins<span class=\"_ _6\"></span>talaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>perar <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>r\u00e9gimen retributivo especial regulado en el <span class=\"_ _1\"></span>Real Decreto 413/2014, de 6 de <span class=\"_ _e\"></span>ju<span class=\"_ _6\"></span>nio, por el que <span class=\"_ _1\"></span>se regula la actividad <span class=\"_ _1\"></span>de producci\u00f3n <span class=\"_ _1a\"> </span>de <span class=\"_ _12\"> </span>energ\u00eda <span class=\"_ _12\"> </span>el\u00e9ctr<span class=\"_ _6\"></span>ica <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>artir <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>fuentes  de <span class=\"_ _11\"> </span>en<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _12\"> </span>renov<span class=\"_ _6\"></span>ab<span class=\"_ _6\"></span>le, <span class=\"_ _12\"> </span>cogeneraci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _12\"> </span>y  residuos, <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e registran <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>coste <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>adq<span class=\"_ _6\"></span>uisici\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>bien, <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>i<span class=\"_ _6\"></span>ncurrido <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>obten<span class=\"_ _6\"></span>ci\u00f3n, <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>amort<span class=\"_ _6\"></span>izan <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> a\u00f1os de vida \u00fatil regulatoria de las instalaciones de generaci\u00f3n de energ\u00eda renovable en la<span class=\"_ _6\"></span>s que se utilizan si dicha <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>\u00fatil <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _0\"></span>limitada <span class=\"_ _0\"></span>regulatoriamente, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>b<span class=\"_ _6\"></span>ien, <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>prev\u00e9 <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>instalaci\u00f3n titular genere beneficios par<span class=\"_ _6\"></span>a el Grupo<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil <span class=\"_ _1\"></span>definida y se amortizan siguiendo <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>m\u00e9todo <span class=\"_ _10\"></span>lineal <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>largo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _10\"></span>estimada, <span class=\"_ _10\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>periodo <span class=\"_ _10\"></span>du<span class=\"_ _6\"></span>rante <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>cual <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e prev\u00e9 que generar\u00e1n ingreso<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>Amortizaciones y de<span class=\"_ _6\"></span>terioros Durante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>amortiza <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _11\"></span>material <span class=\"_ _10\"></span>siguiend<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>lineal, distribuyend<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>activos entre <span class=\"_ _e\"></span>los a\u00f1os <span class=\"_ _e\"></span>de vida <span class=\"_ _e\"></span>\u00fatil <span class=\"_ _1\"></span>estimada, de <span class=\"_ _e\"></span>acuerdo con <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>siguiente <span class=\"_ _1\"></span>detalle:<span class=\"_ _33\"> </span>A\u00f1o 2024 Porcentaje A\u00f1os de Vida Amortizaci\u00f3n \u00datil Estimada Construcciones 2%<span class=\"ls0_1\">-</span>3%<span class=\"ls0_1\"> </span>33<span class=\"ls0_1\">-</span>50<span class=\"ls0_1\"> </span>Instalaciones t\u00e9cnicas Plantas de generaci\u00f3n con biomasa 4%<span class=\"ls0_1\"> </span>25<span class=\"ls0_1\"> </span>Otras instalaciones 5%<span class=\"ls0_1\">-8,3% </span>8-<span class=\"ls9\">20</span> Maquinaria 5%<span class=\"ls0_1\">-12,5% </span>8-<span class=\"ls9\">20</span> Utillaje y mobiliario 8,3%-12,5% 8-<span class=\"ls9\">12</span> Equipos procesos de informaci\u00f3n 20%<span class=\"ls0_1\"> </span>5 Elementos transporte 10%<span class=\"ls0_1\"> </span>10<span class=\"ls0_1\"> </span>Otro inmovilizado material 10%<span class=\"ls0_1\"> </span>10<span class=\"ls0_1\"> </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>revisa <span class=\"_ _15\"></span>peri\u00f3dicamen<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>residu<span class=\"_ _6\"></span>al, <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>m\u00e9todo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>amortizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>inmovilizado material. <span class=\"_ _10\"></span>Las<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>modificaciones <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>criterios <span class=\"_ _0\"></span>inicialmente <span class=\"_ _0\"></span>esta<span class=\"_ _6\"></span>blecidos <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>reconoc<span class=\"_ _6\"></span>en <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>de estimaci\u00f3n.<span class=\"_ _33\"> </span>Los <span class=\"_ _18\"> </span>terrenos <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>registran <span class=\"_ _18\"> </span>de  forma <span class=\"_ _18\"> </span>independiente <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>edificios <span class=\"_ _18\"> </span>o <span class=\"_ _18\"> </span>instalaciones <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>puedan <span class=\"_ _18\"> </span>estar asentadas sob<span class=\"_ _6\"></span>re los mismos y se entiende que tienen una vida <span class=\"_ _6\"></span>\u00fatil indefinida y, por tanto, no son objeto de amortizaci\u00f3n.<span class=\"_ _6\"></span> Con <span class=\"_ _17\"> </span>car\u00e1cter <span class=\"_ _1c\"> </span>general, <span class=\"_ _17\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>edificaciones <span class=\"_ _1c\"> </span>construidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>terrenos <span class=\"_ _17\"> </span>cedi<span class=\"_ _6\"></span>dos <span class=\"_ _1c\"> </span>en <span class=\"_ _17\"> </span>r\u00e9gimen concesional <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la cuenta <span class=\"_ _6\"></span>\u201c<span class=\"_ _6\"></span>Construcciones\u201d<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Dicho <span class=\"_ _6\"></span>coste, <span class=\"_ _6\"></span>junto <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>resto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>insta<span class=\"_ _6\"></span>laciones fijas <span class=\"_ _15\"></span>ubicadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>terrenos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>concesion<span class=\"_ _6\"></span>ados <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>a<span class=\"_ _6\"></span>mortiza <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>ida <span class=\"_ _15\"></span>\u00fatil, <span class=\"_ _15\"></span>estableci\u00e9ndose <span class=\"_ _15\"></span>como l\u00edmite el periodo restante d<span class=\"_ _6\"></span>e vigencia de la concesi\u00f3n<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span> En <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>Renov<span class=\"_ _6\"></span>ables, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>regulaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estab<span class=\"_ _6\"></span>lece <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>regulatoria <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>operativos <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>depende de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>tecnolog\u00eda,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>siendo <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>actualmente <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>blecida <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>25 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>biomasa. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>vida regulatoria <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>period<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>duran<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>la cual <span class=\"_ _e\"></span>la instalaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>va <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>tener <span class=\"_ _e\"></span>derecho a <span class=\"_ _e\"></span>pertenec<span class=\"_ _6\"></span>er <span class=\"_ _e\"></span>al r\u00e9gimen <span class=\"_ _1\"></span>retributivo establecido <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>normativa <span class=\"_ _11\"> </span>energ\u00e9tica <span class=\"_ _11\"> </span>y, <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>tanto, <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>obtener <span class=\"_ _11\"></span>los <span class=\"_ _11\"></span>beneficios <span class=\"_ _11\"></span>econ\u00f3micos <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>apliquen (retribuciones <span class=\"_ _6\"></span>a la <span class=\"_ _6\"></span>inversi\u00f3n <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>la op<span class=\"_ _6\"></span>eraci\u00f3n m<span class=\"_ _6\"></span>ediante el <span class=\"_ _6\"></span>mecanis<span class=\"_ _6\"></span>mo de <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _6\"></span>m\u00edn<span class=\"_ _15\"></span>ima <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>en el <span class=\"_ _15\"></span>mismo). <span class=\"_ _15\"></span>En <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>sentid<span class=\"_ _6\"></span>o, <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>activos <span class=\"_ _15\"></span>vincu<span class=\"_ _6\"></span>lados <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>estas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaciones <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>amortiza<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>considerand<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ida \u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3micos positivos<span class=\"_ _6\"></span> m\u00e1s all\u00e1 de su vida <span class=\"_ _6\"></span>regulatoria.<span class=\"_ _33\"> </span>Las s<span class=\"_ _6\"></span>ociedades del <span class=\"_ _6\"></span>Grupo ev<span class=\"_ _6\"></span>al\u00faan peri\u00f3dicamente, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>al menos <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cierre de cada <span class=\"_ _6\"></span>ejercicio, <span class=\"_ _6\"></span>si existen <span class=\"_ _6\"></span>indicios de <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>alg\u00fan <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>conjunto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>del in<span class=\"_ _6\"></span>movilizado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>jeto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>proceder <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>caso<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>tal como <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>indica <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>apartado <span class=\"_ _15\"></span>3.5 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>presente <span class=\"_ _15\"></span>nota<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>deterioro <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>reversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>mis<span class=\"_ _6\"></span>mo <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _15\"></span>ajustar <span class=\"_ _15\"></span>su valor <span class=\"_ _11\"></span>neto <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>recuperable, <span class=\"_ _11\"> </span>sin <span class=\"_ _11\"></span>superar <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>ning\u00fan <span class=\"_ _11\"></span>caso <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>reversiones <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>deterioros previos <span class=\"_ _12\"> </span>realizados. <span class=\"_ _12\"> </span>Los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>deterioros <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>reconocen, <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>cargo <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>ep\u00edgra<span class=\"_ _6\"></span>fe <span class=\"_ _11\"> </span>\u201c<span class=\"_ _6\"></span>Deter<span class=\"_ _15\"></span><span class=\"ff4\">ioros <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>y </span>resultados p<span class=\"_ _6\"></span>or enajenaci\u00f3n de inmovilizado<span class=\"_ _6\"></span>\u201d.<span class=\"_ _33\"> </span>En e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>momento <span class=\"_ _e\"></span>de la <span class=\"_ _e\"></span>recolec<span class=\"_ _6\"></span>ci\u00f3n del <span class=\"_ _e\"></span>vuelo forestal <span class=\"_ _e\"></span>se reduce <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>activo a <span class=\"_ _e\"></span>trav\u00e9s de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _1\"></span>\u201cActivos biol\u00f3gicos <span class=\"_ _15\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _15\"></span><span class=\"ff6\">agotamiento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>reserva <span class=\"_ _15\"></span>forestal\u201d <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ce <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>gasto <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cAgotamiento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la </span>reserva forestal\u201d del Estado <span class=\"_ _1\"></span>de Result<span class=\"ff4\">ado consolidado por el coste incurrido en<span class=\"_ _1\"></span> su producci\u00f3n. La <span class=\"_ _1\"></span>cuant\u00eda de </span>dicha <span class=\"_ _e\"></span>redu<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>corresponde <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>100% <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los costes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>turn<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>incurrid<span class=\"_ _6\"></span>os, <span class=\"_ _e\"></span>as\u00ed <span class=\"_ _1\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>parte <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>roporcional de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>costes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ciclo, <span class=\"_ _15\"></span>estimada <span class=\"_ _15\"></span>considerando <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>n\u00famero <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>turnos <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>revistos <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ciclo. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _15\"></span>cuando el <span class=\"_ _0\"></span>vuelo <span class=\"_ _11\"></span>forestal <span class=\"_ _0\"></span>llega <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>final <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>ciclo <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>ductivo <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>baja <span class=\"_ _11\"> </span>\u00edntegramente <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>val<span class=\"_ _6\"></span>or <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>su agotamiento forestal acumula<span class=\"_ _6\"></span>do.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "Gastos de I+D - Los gastos d<span class=\"_ _6\"></span>e investigaci\u00f3n s<span class=\"_ _6\"></span>e reconocen como gasto en el ejercicio <span class=\"_ _6\"></span>en el que incurre <span class=\"_ _6\"></span>en ellos. <span class=\"_ _6\"></span> Por <span class=\"_ _12\"> </span>su  parte, <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>gastos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>desar<span class=\"_ _6\"></span>rollo, <span class=\"_ _12\"> </span>que  incluyen <span class=\"_ _11\"> </span>el<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>desarrollo  de <span class=\"_ _11\"> </span>nuevos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>proyect<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>negocio, <span class=\"_ _12\"> </span>se<span class=\"_ _6\"></span> reconocen como <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>su cos<span class=\"_ _6\"></span>te es <span class=\"_ _6\"></span>identificable por <span class=\"_ _6\"></span>proyecto, <span class=\"_ _6\"></span>y es p<span class=\"_ _6\"></span>robable que el <span class=\"_ _6\"></span>proyecto <span class=\"_ _6\"></span>vaya a<span class=\"_ _33\"> </span>tener <span class=\"_ _10\"></span>\u00e9xito <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>nivel <span class=\"_ _10\"></span>t\u00e9cnico <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>comercial. <span class=\"_ _0\"></span>Los <span class=\"_ _10\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>re\u00fanen <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>requis<span class=\"_ _6\"></span>itos <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>reconocen <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>un gasto en el ejercicio en q<span class=\"_ _6\"></span>ue se incurren.<span class=\"_ _6\"></span> Estos <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>cap<span class=\"_ _6\"></span>italizados <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan <span class=\"_ _0\"></span>linealm<span class=\"_ _6\"></span>ente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _6\"></span>os, <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>bien <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>plazo <span class=\"_ _11\"></span>en <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>prevea <span class=\"_ _0\"></span>que generar\u00e1n ingresos s<span class=\"_ _6\"></span>i este plazo es s<span class=\"_ _6\"></span>uperior, con el l\u00edmite de 10 a\u00f1o<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "Aplicaciones inform\u00e1tic<span class=\"_ _6\"></span>as- El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>registra <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>adquisici\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>programas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inform\u00e1ticos, <span class=\"_ _6\"></span>as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e licencias con <span class=\"_ _6\"></span>vigencia <span class=\"_ _6\"></span>plurianual. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _6\"></span>se reconocen <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>activos<span class=\"_ _6\"></span> intangibles<span class=\"_ _6\"></span> los <span class=\"_ _6\"></span>costes <span class=\"_ _6\"></span>directamente relacionados <span class=\"_ _0\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>esarrollo <span class=\"_ _0\"></span>interno <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>gramas <span class=\"_ _0\"></span>infor<span class=\"_ _6\"></span>m\u00e1ticos, <span class=\"_ _0\"></span>siempre <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ea <span class=\"_ _0\"></span>clarament<span class=\"_ _6\"></span>e identificable <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>yecto, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>sea <span class=\"_ _e\"></span>prob<span class=\"_ _6\"></span>able <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>vayan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>gener<span class=\"_ _6\"></span>ar <span class=\"_ _e\"></span>beneficios <span class=\"_ _e\"></span>econ\u00f3m<span class=\"_ _6\"></span>icos <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>fut<span class=\"_ _6\"></span>uro <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>Grupo. El resto de los costes internos y <span class=\"_ _1\"></span>externos asociados al mantenimiento y desarrollo de s<span class=\"_ _6\"></span>oftware se imputan a resultados en el ejercicio en q<span class=\"_ _6\"></span>ue se incu<span class=\"_ _6\"></span>rren. La amortizaci\u00f3n <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>aplicacio<span class=\"_ _6\"></span>nes inform\u00e1ticas <span class=\"_ _1\"></span>se realiza aplicando el <span class=\"_ _e\"></span>m\u00e9todo<span class=\"_ _6\"></span> lineal <span class=\"_ _e\"></span>du<span class=\"_ _6\"></span>rante un per\u00edodo <span class=\"_ _1\"></span>de 5 a\u00f1os, a co<span class=\"_ _6\"></span>ntar desde la entrada en explotaci\u00f3<span class=\"_ _6\"></span>n de cada programa.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProgrammingAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "3.3<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Propiedad, plan<span class=\"_ _1\"></span>ta y equipo </span>Estos <span class=\"_ _15\"></span>activos <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>valoran <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n, <span class=\"_ _6\"></span>deducida<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>amortizaciones <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>los deterioros de valor, si los <span class=\"_ _1\"></span>hubiera (v\u00e9ase Nota 3.5). <span class=\"_ _1\"></span>El coste <span class=\"_ _1\"></span>de adquisici\u00f3n incluye, en su <span class=\"_ _1\"></span>caso, los siguientes conceptos:<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Los intereses d<span class=\"_ _6\"></span>evengados du<span class=\"_ _6\"></span>rante el periodo de<span class=\"_ _6\"></span> construcci<span class=\"_ _6\"></span>\u00f3n, siempre que <span class=\"_ _6\"></span>este per\u00edodo <span class=\"_ _6\"></span>sea su<span class=\"_ _6\"></span>perior a </span></span>1 <span class=\"_ _11\"></span>a\u00f1o, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>relativos <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _11\"> </span>atribuible <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>activo <span class=\"_ _11\"> </span>productivo. <span class=\"_ _11\"> </span>La <span class=\"_ _11\"> </span>tasa <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>inter\u00e9s <span class=\"_ _11\"></span>utilizada <span class=\"_ _11\"> </span>es <span class=\"_ _11\"></span>la correspondiente <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>espec\u00edfica <span class=\"_ _0\"></span>o, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>existi<span class=\"_ _6\"></span>r, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>ta<span class=\"_ _6\"></span>sa <span class=\"_ _10\"></span>media <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>financiaci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Grupo (v\u00e9ase Nota 28).<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Los <span class=\"_ _0\"></span>tra<span class=\"_ _6\"></span>bajos <span class=\"_ _0\"></span>realizad<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Gru<span class=\"_ _6\"></span>po <span class=\"_ _0\"></span>para <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>propio <span class=\"_ _11\"></span>i<span class=\"_ _1\"></span>nmovilizado <span class=\"_ _11\"></span>material<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>registran <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>coste </span></span>acumulado <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>resulta <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>a\u00f1adir <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>costes <span class=\"_ _10\"></span>externos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>internos, <span class=\"_ _10\"></span>principalmente <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de personal, <span class=\"_ _18\"> </span>materiales  de <span class=\"_ _18\"> </span>almac\u00e9n <span class=\"_ _18\"> </span>y  otros<span class=\"_ _6\"></span>  cos<span class=\"_ _6\"></span>tes  operativos<span class=\"_ _6\"></span>.  Dura<span class=\"_ _6\"></span>nte  el <span class=\"_ _18\"> </span>ejercicio  202<span class=\"_ _15\"></span><span class=\"lse\">4 <span class=\"_ _18\"> </span></span>el  importe registrado <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>concepto<span class=\"_ _6\"></span> asciend<span class=\"_ _6\"></span>e a <span class=\"_ _15\"></span>5.864 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>(</span>1.5<span class=\"_ _6\"></span>58 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>202</span>3), <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>registra <span class=\"_ _6\"></span>dentro <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el<span class=\"_ _1\"></span> ep\u00edgrafe \u201cTrabajos r<span class=\"_ _6\"></span>ealizados por el Grup<span class=\"_ _6\"></span>o para su<span class=\"_ _6\"></span> inmovilizado\u201d del Es<span class=\"_ _6\"></span>tado de Resultado conso<span class=\"_ _6\"></span>lidado. <span class=\"_ _15\"></span><span class=\"ff4\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _15\"></span>caso <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>est\u00e9 <span class=\"_ _15\"></span>obligado<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>desmantelar <span class=\"_ _15\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaciones <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>rehab<span class=\"_ _6\"></span>ilitar <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>lugar <span class=\"_ _15\"></span>don<span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e </span></span>asientan, <span class=\"_ _12\"> </span>el <span class=\"_ _11\"></span>valor <span class=\"_ _11\"> </span>estimado <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>dicho<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>costes <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>incorpora <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>valor <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>libros <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>activo <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>su <span class=\"_ _11\"> </span>valor presente, <span class=\"_ _12\"> </span>con  abono <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>ep\u00edgrafe <span class=\"_ _12\"> </span>\u201cProvisiones<span class=\"_ _6\"></span>\u201d <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>Est<span class=\"_ _6\"></span><span class=\"ff4\">ado  de <span class=\"_ _11\"> </span>Situaci\u00f3n  Financiera <span class=\"_ _11\"> </span>cons<span class=\"_ _6\"></span>olidado.  Lo<span class=\"_ _1\"></span>s </span>cambios <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>osteriores <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>evaluaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>obligacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>desmantelami<span class=\"_ _6\"></span>ento <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>a\u00f1ade<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>deducen del valor neto conta<span class=\"_ _6\"></span>ble del activo corresp<span class=\"_ _6\"></span>ondiente en el period<span class=\"_ _6\"></span>o en el que se p<span class=\"_ _6\"></span>roducen. <span class=\"_ _15\"></span> 17<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff3 fs4 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _6\"></span>S.<span class=\"_ _33\"> </span>A. y sociedades <span class=\"_ _6\"></span>dependientes<span class=\"_ _6\"></span> - Cuentas a<span class=\"_ _6\"></span>nuales consolidadas de<span class=\"_ _6\"></span>l ejercicio 2024<span class=\"_ _6\"></span> A este respecto, \u00fanicamente <span class=\"_ _1\"></span>se estima que se incurrir\u00e1 e<span class=\"_ _1\"></span>n este tipo de costes e<span class=\"_ _1\"></span>n relaci\u00f3n a <span class=\"_ _1\"></span>la biof\u00e1brica de <span class=\"_ _18\"> </span>Pontevedra <span class=\"_ _18\"> </span>asentada <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>terrenos <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>dominio <span class=\"_ _18\"> </span>p\u00fablic<span class=\"_ _6\"></span>o <span class=\"_ _18\"> </span>disponibles<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>trav\u00e9s <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>una  con<span class=\"_ _6\"></span>cesi\u00f3n administrativa,<span class=\"_ _6\"></span>  ya  que,  seg\u00fan  los  t\u00e9rminos<span class=\"_ _6\"></span>  de  otorgamiento  de  la  concesi\u00f3n<span class=\"_ _6\"></span>  administrativa,  a  su vencimiento, las instalaciones construid<span class=\"_ _6\"></span>as sobre el terreno revertir\u00e1n al Estado o bien \u00e9<span class=\"_ _1\"></span>ste requerir\u00e1 su desmantelamiento.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Con anterioridad a<span class=\"_ _6\"></span> la fecha de t<span class=\"_ _6\"></span>ransici\u00f3n a la n<span class=\"_ _6\"></span>ormativa contable internacio<span class=\"_ _6\"></span>nal (1 de enero d<span class=\"_ _6\"></span>e 2004), el </span></span>Grupo <span class=\"_ _15\"></span>ENCE <span class=\"_ _15\"></span>actualiz\u00f3<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>sus <span class=\"_ _15\"></span>terrenos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>registra<span class=\"_ _6\"></span>dos <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cPropiedad<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>planta <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>equip<span class=\"_ _6\"></span>o\u201d del Estado de <span class=\"_ _e\"></span>Situaci\u00f3n<span class=\"_ _6\"></span> Financiera <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>solidado a su valor <span class=\"_ _1\"></span>de m<span class=\"_ _1\"></span>ercado en e<span class=\"_ _1\"></span>se momento <span class=\"_ _1\"></span>(v\u00e9ase Nota 16),<span class=\"_ _1\"></span> habi\u00e9ndose  considerado <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>importe <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>dicha  actualizaci\u00f3n <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>parte <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _12\"> </span>coste <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los  activos <span class=\"_ _11\"> </span>de acuerdo con lo esta<span class=\"_ _6\"></span>blecido por la N<span class=\"_ _6\"></span>IIF 1. Los <span class=\"_ _12\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>ampliaci\u00f3n, <span class=\"_ _12\"> </span>modernizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>mejoras<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"> </span>representa<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>un  a<span class=\"_ _1\"></span>umento <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la  pro<span class=\"_ _1\"></span>ductividad, capacidad, <span class=\"_ _6\"></span>eficiencia o <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>alargamiento<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>vida <span class=\"_ _6\"></span>\u00fatil d<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> bienes <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>capitalizan <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>m<span class=\"_ _6\"></span>ayor cos<span class=\"_ _6\"></span>te de <span class=\"_ _6\"></span>los correspondientes activos. <span class=\"_ _e\"></span>Forman igualmente <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>inmov<span class=\"_ _6\"></span>ilizado <span class=\"_ _1\"></span>material <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>inversiones <span class=\"_ _1\"></span>efectuadas con el <span class=\"_ _15\"></span>fin <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>minimizar <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>impacto <span class=\"_ _10\"></span>ambiental <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>operacion<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>mejorar <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>pro<span class=\"_ _6\"></span>tecci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>medio <span class=\"_ _10\"></span>ambiente<span class=\"_ _6\"></span>. ENCE <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>igue <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>traspas<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>obra <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>curs<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _11\"></span>una <span class=\"_ _0\"></span>vez <span class=\"_ _0\"></span>fi<span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>alizado <span class=\"_ _11\"></span>el correspondiente periodo<span class=\"_ _6\"></span> de prueba.<span class=\"_ _6\"></span> Por su parte, los gastos de <span class=\"_ _1\"></span>conservaci\u00f3n y mantenimiento incurridos durante el ejercicio <span class=\"_ _1\"></span>se cargan al Estado de Resultado cons<span class=\"_ _6\"></span>olidado. <span class=\"_ _6\"></span> Las s<span class=\"_ _6\"></span>ustituciones <span class=\"_ _6\"></span>de elemento<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>del inmovilizad<span class=\"_ _6\"></span>o material <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>sceptibles <span class=\"_ _6\"></span>de capitaliza<span class=\"_ _6\"></span>ci\u00f3n su<span class=\"_ _6\"></span>ponen <span class=\"_ _6\"></span>la baj<span class=\"_ _6\"></span>a del valor  contable  de  los  elementos<span class=\"_ _6\"></span>  sustituidos.  En  aquellos  casos  en  los  que  el  coste  de  los  elementos sustituid<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>haya <span class=\"_ _0\"></span>sido <span class=\"_ _0\"></span>amortizad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>forma <span class=\"_ _0\"></span>ind<span class=\"_ _6\"></span>ependie<span class=\"_ _6\"></span>nte <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>fuese <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>racticable <span class=\"_ _0\"></span>determin<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>alor contable de los mismos, s<span class=\"_ _6\"></span>e utiliza el coste de la sustituci\u00f3n como indicativo del coste de los elementos en el momento <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>construcci\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ben<span class=\"_ _6\"></span>eficio <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>pr<span class=\"_ _10\"></span>oduce <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la enajenaci\u00f3n <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>elementos sustituidos <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>determina <span class=\"_ _e\"></span>por dif<span class=\"_ _1\"></span>erencia <span class=\"_ _e\"></span>entre<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ercibid<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>por la <span class=\"_ _a\"></span>venta<span class=\"_ _6\"></span> y el valor en libros<span class=\"_ _6\"></span> del activo enajenado.<span class=\"_ _33\"> </span>Amortizaciones y de<span class=\"_ _6\"></span>terioros Durante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>amortiza <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _11\"></span>material <span class=\"_ _10\"></span>siguiend<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>lineal, distribuyend<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>activos entre <span class=\"_ _e\"></span>los a\u00f1os <span class=\"_ _e\"></span>de vida <span class=\"_ _e\"></span>\u00fatil <span class=\"_ _1\"></span>estimada, de <span class=\"_ _e\"></span>acuerdo con <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>siguiente <span class=\"_ _1\"></span>detalle:<span class=\"_ _33\"> </span>A\u00f1o 2024 Porcentaje A\u00f1os de Vida Amortizaci\u00f3n \u00datil Estimada Construcciones 2%<span class=\"ls0_1\">-</span>3%<span class=\"ls0_1\"> </span>33<span class=\"ls0_1\">-</span>50<span class=\"ls0_1\"> </span>Instalaciones t\u00e9cnicas Plantas de generaci\u00f3n con biomasa 4%<span class=\"ls0_1\"> </span>25<span class=\"ls0_1\"> </span>Otras instalaciones 5%<span class=\"ls0_1\">-8,3% </span>8-<span class=\"ls9\">20</span> Maquinaria 5%<span class=\"ls0_1\">-12,5% </span>8-<span class=\"ls9\">20</span> Utillaje y mobiliario 8,3%-12,5% 8-<span class=\"ls9\">12</span> Equipos procesos de informaci\u00f3n 20%<span class=\"ls0_1\"> </span>5 Elementos transporte 10%<span class=\"ls0_1\"> </span>10<span class=\"ls0_1\"> </span>Otro inmovilizado material 10%<span class=\"ls0_1\"> </span>10<span class=\"ls0_1\"> </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>revisa <span class=\"_ _15\"></span>peri\u00f3dicamen<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>residu<span class=\"_ _6\"></span>al, <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>m\u00e9todo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>amortizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>inmovilizado material. <span class=\"_ _10\"></span>Las<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>modificaciones <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>criterios <span class=\"_ _0\"></span>inicialmente <span class=\"_ _0\"></span>esta<span class=\"_ _6\"></span>blecidos <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>reconoc<span class=\"_ _6\"></span>en <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>de estimaci\u00f3n.<span class=\"_ _33\"> </span>Los <span class=\"_ _18\"> </span>terrenos <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>registran <span class=\"_ _18\"> </span>de  forma <span class=\"_ _18\"> </span>independiente <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>edificios <span class=\"_ _18\"> </span>o <span class=\"_ _18\"> </span>instalaciones <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>puedan <span class=\"_ _18\"> </span>estar asentadas sob<span class=\"_ _6\"></span>re los mismos y se entiende que tienen una vida <span class=\"_ _6\"></span>\u00fatil indefinida y, por tanto, no son objeto de amortizaci\u00f3n.<span class=\"_ _6\"></span> Con <span class=\"_ _17\"> </span>car\u00e1cter <span class=\"_ _1c\"> </span>general, <span class=\"_ _17\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>edificaciones <span class=\"_ _1c\"> </span>construidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>terrenos <span class=\"_ _17\"> </span>cedi<span class=\"_ _6\"></span>dos <span class=\"_ _1c\"> </span>en <span class=\"_ _17\"> </span>r\u00e9gimen concesional <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la cuenta <span class=\"_ _6\"></span>\u201c<span class=\"_ _6\"></span>Construcciones\u201d<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Dicho <span class=\"_ _6\"></span>coste, <span class=\"_ _6\"></span>junto <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>resto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>insta<span class=\"_ _6\"></span>laciones fijas <span class=\"_ _15\"></span>ubicadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>terrenos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>concesion<span class=\"_ _6\"></span>ados <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>a<span class=\"_ _6\"></span>mortiza <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>ida <span class=\"_ _15\"></span>\u00fatil, <span class=\"_ _15\"></span>estableci\u00e9ndose <span class=\"_ _15\"></span>como l\u00edmite el periodo restante d<span class=\"_ _6\"></span>e vigencia de la concesi\u00f3n<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span> En <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>Renov<span class=\"_ _6\"></span>ables, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>regulaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estab<span class=\"_ _6\"></span>lece <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>regulatoria <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>operativos <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>depende de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>tecnolog\u00eda,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>siendo <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>actualmente <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>blecida <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>25 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>biomasa. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>vida regulatoria <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>period<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>duran<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>la cual <span class=\"_ _e\"></span>la instalaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>va <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>tener <span class=\"_ _e\"></span>derecho a <span class=\"_ _e\"></span>pertenec<span class=\"_ _6\"></span>er <span class=\"_ _e\"></span>al r\u00e9gimen <span class=\"_ _1\"></span>retributivo establecido <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>normativa <span class=\"_ _11\"> </span>energ\u00e9tica <span class=\"_ _11\"> </span>y, <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>tanto, <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>obtener <span class=\"_ _11\"></span>los <span class=\"_ _11\"></span>beneficios <span class=\"_ _11\"></span>econ\u00f3micos <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>apliquen (retribuciones <span class=\"_ _6\"></span>a la <span class=\"_ _6\"></span>inversi\u00f3n <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>la op<span class=\"_ _6\"></span>eraci\u00f3n m<span class=\"_ _6\"></span>ediante el <span class=\"_ _6\"></span>mecanis<span class=\"_ _6\"></span>mo de <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _6\"></span>m\u00edn<span class=\"_ _15\"></span>ima <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>en el <span class=\"_ _15\"></span>mismo). <span class=\"_ _15\"></span>En <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>sentid<span class=\"_ _6\"></span>o, <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>activos <span class=\"_ _15\"></span>vincu<span class=\"_ _6\"></span>lados <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>estas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaciones <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>amortiza<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>considerand<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ida \u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3micos positivos<span class=\"_ _6\"></span> m\u00e1s all\u00e1 de su vida <span class=\"_ _6\"></span>regulatoria.<span class=\"_ _33\"> </span>Las s<span class=\"_ _6\"></span>ociedades del <span class=\"_ _6\"></span>Grupo ev<span class=\"_ _6\"></span>al\u00faan peri\u00f3dicamente, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>al menos <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cierre de cada <span class=\"_ _6\"></span>ejercicio, <span class=\"_ _6\"></span>si existen <span class=\"_ _6\"></span>indicios de <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>alg\u00fan <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>conjunto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>del in<span class=\"_ _6\"></span>movilizado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>jeto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>proceder <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>caso<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>tal como <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>indica <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>apartado <span class=\"_ _15\"></span>3.5 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>presente <span class=\"_ _15\"></span>nota<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>deterioro <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>reversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>mis<span class=\"_ _6\"></span>mo <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _15\"></span>ajustar <span class=\"_ _15\"></span>su valor <span class=\"_ _11\"></span>neto <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>recuperable, <span class=\"_ _11\"> </span>sin <span class=\"_ _11\"></span>superar <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>ning\u00fan <span class=\"_ _11\"></span>caso <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>reversiones <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>deterioros previos <span class=\"_ _12\"> </span>realizados. <span class=\"_ _12\"> </span>Los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>deterioros <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>reconocen, <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>cargo <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>ep\u00edgra<span class=\"_ _6\"></span>fe <span class=\"_ _11\"> </span>\u201c<span class=\"_ _6\"></span>Deter<span class=\"_ _15\"></span><span class=\"ff4\">ioros <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>y </span>resultados p<span class=\"_ _6\"></span>or enajenaci\u00f3n de inmovilizado<span class=\"_ _6\"></span>\u201d.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Los intereses d<span class=\"_ _6\"></span>evengados du<span class=\"_ _6\"></span>rante el periodo de<span class=\"_ _6\"></span> construcci<span class=\"_ _6\"></span>\u00f3n, siempre que <span class=\"_ _6\"></span>este per\u00edodo <span class=\"_ _6\"></span>sea su<span class=\"_ _6\"></span>perior a </span></span>1 <span class=\"_ _11\"></span>a\u00f1o, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>relativos <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _11\"> </span>atribuible <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>activo <span class=\"_ _11\"> </span>productivo. <span class=\"_ _11\"> </span>La <span class=\"_ _11\"> </span>tasa <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>inter\u00e9s <span class=\"_ _11\"></span>utilizada <span class=\"_ _11\"> </span>es <span class=\"_ _11\"></span>la correspondiente <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>espec\u00edfica <span class=\"_ _0\"></span>o, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>existi<span class=\"_ _6\"></span>r, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>ta<span class=\"_ _6\"></span>sa <span class=\"_ _10\"></span>media <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>financiaci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Grupo (v\u00e9ase Nota 28).<span class=\"_ _33\"> </span>Obligaciones, bo<span class=\"_ _6\"></span>nos y deudas con<span class=\"_ _6\"></span> entidades de c<span class=\"_ _6\"></span>r\u00e9dito<span class=\"_ _33\"> </span>Los p<span class=\"_ _6\"></span>r\u00e9stamos, <span class=\"_ _6\"></span>obligaciones <span class=\"_ _6\"></span>y s<span class=\"_ _6\"></span>imilares se <span class=\"_ _6\"></span>registran <span class=\"_ _6\"></span>inicialmente <span class=\"_ _6\"></span>a v<span class=\"_ _6\"></span>alor razo<span class=\"_ _6\"></span>nable, v<span class=\"_ _6\"></span>alor q<span class=\"_ _6\"></span>ue normalm<span class=\"_ _6\"></span>ente coincide con el efectiv<span class=\"_ _6\"></span>o recibido, n<span class=\"_ _6\"></span>eto de los cos<span class=\"_ _6\"></span>tes incurridos en la t<span class=\"_ _6\"></span>ransacci\u00f3n. En p<span class=\"_ _6\"></span>eriodos posteriores, la totalidad de estas d<span class=\"_ _6\"></span>eudas se valora a <span class=\"_ _6\"></span>su coste amortizado, utilizando el m\u00e9tod<span class=\"_ _6\"></span>o del tipo de inter\u00e9s efectivo.<span class=\"_ _33\"> </span>Los gastos finan<span class=\"_ _6\"></span>cieros as\u00ed como los costes d<span class=\"_ _6\"></span>e estructuraci\u00f3n, se registran<span class=\"_ _6\"></span> seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"_ _6\"></span>o consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo del in<span class=\"_ _6\"></span>ter\u00e9s efectivo.<span class=\"_ _33\"> </span>3.15<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Reconocimiento<span class=\"_ _1\"></span> de ingresos y <span class=\"_ _1\"></span>gastos<span class=\"_ _33\"> </span></span></span>Los <span class=\"_ _0\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _11\"></span>a <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>devengo. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e reconoce un gasto d<span class=\"_ _6\"></span>e forma inmediata cu<span class=\"_ _6\"></span>ando no s<span class=\"_ _6\"></span>e prev\u00e9 que genere beneficios econ<span class=\"_ _6\"></span>\u00f3micos futuros<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-589": {
   "value": "\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Los intereses d<span class=\"_ _6\"></span>evengados du<span class=\"_ _6\"></span>rante el periodo de<span class=\"_ _6\"></span> construcci<span class=\"_ _6\"></span>\u00f3n, siempre que <span class=\"_ _6\"></span>este per\u00edodo <span class=\"_ _6\"></span>sea su<span class=\"_ _6\"></span>perior a </span></span>1 <span class=\"_ _11\"></span>a\u00f1o, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>relativos <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _11\"> </span>atribuible <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>activo <span class=\"_ _11\"> </span>productivo. <span class=\"_ _11\"> </span>La <span class=\"_ _11\"> </span>tasa <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>inter\u00e9s <span class=\"_ _11\"></span>utilizada <span class=\"_ _11\"> </span>es <span class=\"_ _11\"></span>la correspondiente <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>espec\u00edfica <span class=\"_ _0\"></span>o, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>existi<span class=\"_ _6\"></span>r, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>ta<span class=\"_ _6\"></span>sa <span class=\"_ _10\"></span>media <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>financiaci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Grupo (v\u00e9ase Nota 28).<span class=\"_ _33\"> </span>3.8<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Instrumentos finan<span class=\"_ _1\"></span>cieros derivado<span class=\"_ _1\"></span>s y operacion<span class=\"_ _1\"></span>es de cobertura </span>Las actividades del Grupo lo <span class=\"_ _1\"></span>exponen principalmente a riesgos financieros y <span class=\"_ _1\"></span>de mercado de<span class=\"_ _1\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"_ _1\"></span>mbio d\u00f3lar/euro que afectan principalmente a <span class=\"_ _1\"></span>sus ventas de celulosa al cotizar el <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>asta <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>papel <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>mercado <span class=\"_ _15\"></span>internacional <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>\u00f3lares, <span class=\"_ _6\"></span>2) <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>prop<span class=\"_ _6\"></span>ias <span class=\"_ _6\"></span>variaciones <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cambio <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>ventas <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ivisa, 3) <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>variacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>recio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa, <span class=\"_ _10\"></span>del <span class=\"_ _6\"></span>biometano, <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el fuel-oil, <span class=\"_ _6\"></span>el<span class=\"_ _6\"></span> gas <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica, <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>4) <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>evolu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>tip<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inter\u00e9s. <span class=\"_ _15\"></span>Pa<span class=\"_ _15\"></span>ra <span class=\"_ _15\"></span>cubrir <span class=\"_ _10\"></span>estas <span class=\"_ _15\"></span>expos<span class=\"_ _6\"></span>iciones <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Grupo puede <span class=\"_ _e\"></span>utilizar instrumentos <span class=\"_ _e\"></span>financieros derivados. <span class=\"_ _e\"></span>No <span class=\"_ _1\"></span>es <span class=\"_ _e\"></span>pol\u00edtica <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>ENCE contratar <span class=\"_ _e\"></span>instrumentos <span class=\"_ _1\"></span>financieros derivados con<span class=\"_ _6\"></span> fines especulativos<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Estos <span class=\"_ _18\"> </span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>financieros <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>valoran <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>todo <span class=\"_ _18\"> </span>mo<span class=\"_ _6\"></span>mento <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>su <span class=\"_ _18\"> </span>valor <span class=\"_ _18\"> </span>razonable<span class=\"_ _6\"></span>, <span class=\"_ _18\"> </span>registr\u00e1ndose <span class=\"_ _18\"> </span>las variaciones <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>\u201cIns<span class=\"_ _6\"></span>trumentos <span class=\"_ _1\"></span>financieros <span class=\"_ _e\"></span>derivad<span class=\"_ _6\"></span>os\u201d <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Situaci\u00f3n <span class=\"_ _1\"></span>Financiera consolidado s<span class=\"_ _6\"></span>i son negativas, y como \u201cActiv<span class=\"_ _6\"></span>os fi<span class=\"_ _6\"></span><span class=\"ff4\">nancieros </span>\u2013<span class=\"ff4\"> </span>Derivad<span class=\"_ _6\"></span>os de cobertu<span class=\"_ _6\"></span>ra\u201d si son po<span class=\"_ _6\"></span>sitivas.<span class=\"_ _33\"> </span> <span class=\"ff4\"> </span>Los <span class=\"_ _6\"></span>beneficios <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de dicha<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>fluctuaciones <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e registra<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Estado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Resultado<span class=\"_ _15\"></span> cons<span class=\"_ _6\"></span>olidado <span class=\"_ _15\"></span>como un re<span class=\"_ _1\"></span>sultado financiero, <span class=\"_ _e\"></span>salv<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>que el <span class=\"_ _e\"></span>derivado o <span class=\"_ _e\"></span>una parte <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>mis<span class=\"_ _6\"></span>mo <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>aya sido <span class=\"_ _e\"></span>designa<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>como instrumento de cobertura y \u00e9sta<span class=\"_ _6\"></span> sea altamente efectiva, en<span class=\"_ _6\"></span> cuyo caso<span class=\"_ _6\"></span> su registro es el siguiente: <span class=\"_ _15\"></span> 1.<span class=\"ls0_1\"> <span class=\"_ _22\"> </span>Coberturas <span class=\"_ _6\"></span>de valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able: el elemento <span class=\"_ _6\"></span>cubierto <span class=\"_ _6\"></span>se v<span class=\"_ _6\"></span>alora <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>su valo<span class=\"_ _6\"></span>r razonab<span class=\"_ _6\"></span>le al <span class=\"_ _6\"></span>igual que <span class=\"_ _6\"></span>el </span>instrumento <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cobertura,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>registr\u00e1nd<span class=\"_ _6\"></span>ose <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>variaciones <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>valor <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>amb<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>en e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Resultado<span class=\"_ _6\"></span> consolidado<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>2.<span class=\"ls0_1\"> <span class=\"_ _22\"> </span>Coberturas de <span class=\"_ _1\"></span>flujos de <span class=\"_ _1\"></span>efectivo: <span class=\"_ _1\"></span>la parte <span class=\"_ _e\"></span>eficaz de <span class=\"_ _1\"></span>los cambios <span class=\"_ _1\"></span>en e<span class=\"_ _1\"></span>l valor <span class=\"_ _e\"></span>razon<span class=\"_ _6\"></span>able de <span class=\"_ _e\"></span>los derivados </span>que se <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>esignan y <span class=\"_ _e\"></span>califican como coberturas de <span class=\"_ _e\"></span>flujos de ef<span class=\"_ _1\"></span>ectivo se <span class=\"_ _e\"></span>recono<span class=\"_ _6\"></span>ce <span class=\"_ _1\"></span>en el <span class=\"_ _e\"></span>ep\u00edgrafe \u201cAjustes en <span class=\"_ _12\"> </span>pat<span class=\"_ _6\"></span>rimonio <span class=\"_ _1a\"> </span>por <span class=\"_ _12\"> </span>valora<span class=\"_ _6\"></span>ci\u00f3n\u201d <span class=\"_ _12\"> </span>del  \u201cEstado  de <span class=\"_ _11\"> </span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _12\"> </span>Global  consolidado\u201d. <span class=\"_ _12\"> </span>La  ganancia <span class=\"_ _12\"> </span>o  la<span class=\"_ _e\"></span> p\u00e9rdida <span class=\"_ _10\"></span>relacionad<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>ineficaz <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>reconoce <span class=\"_ _0\"></span>inmediatamente<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado consolidado,<span class=\"_ _6\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"_ _6\"></span> en valor razo<span class=\"_ _6\"></span>nable de instru<span class=\"_ _6\"></span>mentos financieros\u201d<span class=\"_ _15\"></span></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span>Cuando <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>contrato<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>de <span class=\"_ _1a\"> </span>opci\u00f3n <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>an <span class=\"_ _12\"> </span>para  cubrir <span class=\"_ _11\"> </span>trans<span class=\"_ _6\"></span>acciones <span class=\"_ _12\"> </span>previs<span class=\"_ _6\"></span>tas, <span class=\"_ _12\"> </span>el  grup<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>eval\u00faa  si <span class=\"_ _11\"> </span>dicha<span class=\"_ _6\"></span>s transacciones  son <span class=\"_ _12\"> </span>altamente  probables, <span class=\"_ _12\"> </span>y  en <span class=\"_ _12\"> </span>ese <span class=\"_ _12\"> </span>caso  designa <span class=\"_ _12\"> </span>tanto  el <span class=\"_ _12\"> </span>valor <span class=\"_ _1a\"> </span>intr\u00ednseco <span class=\"_ _12\"> </span>como  el <span class=\"_ _12\"> </span>valor temporal del contrato d<span class=\"_ _6\"></span>e opci\u00f3n co<span class=\"_ _6\"></span>mo instrumento de c<span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>ertura.  Al <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>cobertura,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>esigna <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>documenta <span class=\"_ _15\"></span>formalmente <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>relaciones <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cobe<span class=\"_ _6\"></span>rtura, <span class=\"_ _15\"></span>as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>el objetivo y <span class=\"_ _1\"></span>la estrategia <span class=\"_ _1\"></span>que asume <span class=\"_ _e\"></span>con respecto a <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> mismas. La <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>ocumentaci\u00f3n incluye <span class=\"_ _1\"></span>la identificaci\u00f3n <span class=\"_ _1\"></span>del instrumento de cob<span class=\"_ _6\"></span>ertura, la partida cub<span class=\"_ _6\"></span>ierta, la<span class=\"_ _6\"></span> naturaleza del riesgo cubierto y la forma <span class=\"_ _6\"></span>en la que se mide la eficacia de la cobertu<span class=\"_ _6\"></span>ra.  Igualmente, al <span class=\"_ _e\"></span>inicio de la <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>ertura y <span class=\"_ _1\"></span>de f<span class=\"_ _1\"></span>orma continua ENCE <span class=\"_ _e\"></span>eval\u00faa si la <span class=\"_ _1\"></span>cobertura es <span class=\"_ _e\"></span>eficaz. Dicha eficacia se <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>erifica <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>\u201c<span class=\"_ _6\"></span>test <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>eficacia\u201d <span class=\"_ _10\"></span>dond<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>che<span class=\"_ _6\"></span>quea <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>es <span class=\"_ _10\"></span>esperab<span class=\"_ _6\"></span>le <span class=\"_ _10\"></span>pros<span class=\"_ _6\"></span>pectivamente <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>los cambios en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>valor razonable o <span class=\"_ _e\"></span>en los flujos de <span class=\"_ _e\"></span>efectivo de la <span class=\"_ _1\"></span>partida cubierta (atribuibles <span class=\"_ _1\"></span>al riesgo <span class=\"_ _e\"></span>cub<span class=\"_ _6\"></span>ierto) se compensen razonablemente con los correspondientes al instrumento de cobertura. El<span class=\"_ _1\"></span> valor razonable de<span class=\"_ _1\"></span> los <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>incluye <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ajus<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>cr<span class=\"_ _6\"></span>\u00e9dito <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>for<span class=\"_ _6\"></span>ma <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>variaci<span class=\"_ _15\"></span>ones <span class=\"_ _0\"></span>son <span class=\"_ _0\"></span>consideradas <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la medici\u00f3n de la eficacia.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>realiza <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>evalu<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _10\"></span>cualit<span class=\"_ _6\"></span>ativa <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>eficacia, <span class=\"_ _10\"></span>siempre <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>diciones <span class=\"_ _10\"></span>fund<span class=\"_ _6\"></span>amentales <span class=\"_ _10\"></span>del instrumento <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>partida <span class=\"_ _6\"></span>cubierta <span class=\"_ _15\"></span>coincidan. <span class=\"_ _15\"></span>Cuando <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>condiciones <span class=\"_ _15\"></span>fundamentales <span class=\"_ _15\"></span>no <span class=\"_ _6\"></span>son <span class=\"_ _15\"></span>plenamente coincidentes, <span class=\"_ _12\"> </span>el <span class=\"_ _1a\"> </span>Grupo <span class=\"_ _1a\"> </span>utiliza <span class=\"_ _12\"> </span>un  derivado <span class=\"_ _12\"> </span>hipo<span class=\"_ _6\"></span>t\u00e9tico <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>condiciones  fundamentales <span class=\"_ _12\"> </span>equivalentes <span class=\"_ _12\"> </span>a  la partida cubierta p<span class=\"_ _6\"></span>ara evaluar y medir la inefica<span class=\"_ _6\"></span>cia.<span class=\"_ _6\"></span> ENCE <span class=\"_ _6\"></span>interrumpe <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>relaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cobertura <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>for<span class=\"_ _6\"></span>ma <span class=\"_ _6\"></span>prospectiva <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>\u00f3lo <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>to<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>relaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cobertura <span class=\"_ _6\"></span>deja <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cumplir <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>requ<span class=\"_ _6\"></span>isitos <span class=\"_ _6\"></span>cualificados<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Esto <span class=\"_ _6\"></span>incluye <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>instru<span class=\"_ _6\"></span>mento de <span class=\"_ _e\"></span>cobertura expira, <span class=\"_ _a\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>vendido<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>ejercido, e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>objetivo de <span class=\"_ _a\"></span>g<span class=\"_ _6\"></span>esti\u00f3n del <span class=\"_ _a\"></span>riesgo <span class=\"_ _1\"></span>ha <span class=\"_ _e\"></span>cambia<span class=\"_ _6\"></span>do, <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>efecto <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>riesgo de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _15\"></span>domina <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor, <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>instrumento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cobertura <span class=\"_ _15\"></span>llega <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>liquidado,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o deja <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>existir <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>subyacente <span class=\"_ _0\"></span>cubierto<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>A <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>efectos<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ustituci\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>reno<span class=\"_ _6\"></span>vaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mento <span class=\"_ _10\"></span>de cobertura <span class=\"_ _11\"></span>no <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>una <span class=\"_ _11\"></span>expiraci\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _11\"> </span>finalizaci\u00f3n, <span class=\"_ _11\"></span>siempre <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>sea <span class=\"_ _0\"></span>consistente <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>objetivo documentado de gesti\u00f3n<span class=\"_ _6\"></span> de riesgo del Grupo.<span class=\"_ _6\"></span> En <span class=\"_ _11\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>coberturas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>flujos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>efectivo,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>tras <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>interrup<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>relaci\u00f3n <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>ertura, <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>i<span class=\"_ _6\"></span>mporte acumulado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Otro <span class=\"_ _6\"></span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _6\"></span>Global <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e recono<span class=\"_ _6\"></span>ce <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltados <span class=\"_ _6\"></span>hasta <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>transacci\u00f3n <span class=\"_ _6\"></span>prevista<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tenga lugar. As\u00ed <span class=\"_ _6\"></span>mismo, <span class=\"_ _6\"></span>los importes<span class=\"_ _6\"></span> acumulad<span class=\"_ _6\"></span>os en <span class=\"_ _6\"></span>O<span class=\"_ _6\"></span>tro <span class=\"_ _6\"></span>Resultado Glob<span class=\"_ _6\"></span>al se <span class=\"_ _6\"></span>reclasifican como <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>gresos o<span class=\"_ _6\"></span> gastos financieros cuand<span class=\"_ _6\"></span>o el Grupo no esp<span class=\"_ _6\"></span>era que la trans<span class=\"_ _6\"></span>acci\u00f3n prevista vay<span class=\"_ _6\"></span>a a producirse.<span class=\"_ _6\"></span> Los <span class=\"_ _11\"></span>derivados <span class=\"_ _11\"></span>impl\u00edcitos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>otros <span class=\"_ _0\"></span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>financieros <span class=\"_ _0\"></span>son <span class=\"_ _11\"> </span>contabilizados <span class=\"_ _11\"></span>separadamente <span class=\"_ _0\"></span>cuand<span class=\"_ _6\"></span>o <span class=\"_ _11\"></span>el Grupo <span class=\"_ _1\"></span>considera que <span class=\"_ _e\"></span>sus <span class=\"_ _1\"></span>caracter\u00edsticas <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>riesgos <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>est\u00e1n estrechame<span class=\"_ _1\"></span>nte relacionados <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>strumentos financieros <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>encuentran<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>impl\u00edcitos<span class=\"_ _15\"></span>, <span class=\"_ _10\"></span>siempre <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>instrumento <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>ciero <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>cuesti\u00f3n <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>su conjunto no <span class=\"_ _e\"></span>est\u00e9 siendo <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>tabilizado <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>con cambios <span class=\"_ _e\"></span>en resultados. <span class=\"_ _1\"></span>ENCE <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>tiene <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>erivados impl\u00edcitos que sean o<span class=\"_ _6\"></span>bjeto de contab<span class=\"_ _6\"></span>ilidad separad<span class=\"_ _6\"></span>a. Valor razonable de los<span class=\"_ _6\"></span> instrumen<span class=\"_ _6\"></span>tos financieros derivados<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>determina <span class=\"_ _10\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>siguiente <span class=\"_ _10\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel 1: por observ<span class=\"_ _6\"></span>aci\u00f3n directa de la cotiz<span class=\"_ _6\"></span>aci\u00f3n en mercado<span class=\"_ _6\"></span>s activos, de activ<span class=\"_ _6\"></span>os y pasivos id\u00e9nticos. <span class=\"_ _15\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _6\"></span>2: <span class=\"_ _6\"></span>empleando <span class=\"_ _6\"></span>inputs <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isponibles en <span class=\"_ _6\"></span>mercados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos, <span class=\"_ _6\"></span>diferentes <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios de <span class=\"_ _6\"></span>cotizaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>que </span></span>son aplicables<span class=\"_ _6\"></span> a los activos y pasiv<span class=\"_ _6\"></span>os, tanto directa como in<span class=\"_ _6\"></span>directamente.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _10\"></span>3: <span class=\"_ _0\"></span>utilizando<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>t\u00e9cnicas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valo<span class=\"_ _6\"></span>raci\u00f3n <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>cluyen <span class=\"_ _10\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>mercados </span></span>activos.<span class=\"_ _33\"> </span>La <span class=\"_ _15\"></span>determinaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>uno <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>principa<span class=\"_ _6\"></span>les <span class=\"_ _15\"></span>instrumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _6\"></span> este tipo de instrumentos finan<span class=\"_ _6\"></span>cieros, <span class=\"_ _6\"></span>a partir de datos facilitados por agencias<span class=\"_ _6\"></span> de informaci\u00f3n o d<span class=\"_ _6\"></span>atos de organ<span class=\"_ _6\"></span>ismos oficiales<span class=\"_ _6\"></span>, del siguiente <span class=\"_ _6\"></span>modo:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>de las <span class=\"_ _e\"></span>permutas de <span class=\"_ _e\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s se determ<span class=\"_ _1\"></span>ina <span class=\"_ _1\"></span>actualizando las <span class=\"_ _e\"></span>liqu<span class=\"_ _6\"></span>idaciones <span class=\"_ _1\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _1\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _1\"></span>de tipos swap a largo plazo<span class=\"_ _6\"></span>. Se utiliza la volatilidad imp<span class=\"_ _6\"></span>l\u00edcita para el c\u00e1lcul<span class=\"_ _6\"></span>o de los valo<span class=\"_ _6\"></span>res razonables.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>cas<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>contra<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>tipo <span class=\"_ _12\"> </span>de  cambio <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>futuro, <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>u <span class=\"_ _12\"> </span>valoraci\u00f3n <span class=\"_ _12\"> </span>se  determ<span class=\"_ _1\"></span>ina <span class=\"_ _12\"> </span>utilizan<span class=\"_ _6\"></span>do <span class=\"_ _12\"> </span>las </span></span>cotizaciones <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>contado <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>tipo <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cambio <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>rvas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _6\"></span>mo el empleo de la v<span class=\"_ _6\"></span>olatilidad impl\u00edcita<span class=\"_ _6\"></span> h<span class=\"_ _6\"></span>asta el vencimiento en el cas<span class=\"_ _6\"></span>o de op<span class=\"_ _6\"></span>ciones. <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _12\"> </span>valor  razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>ntratos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>compra<span class=\"_ _6\"></span>venta <span class=\"_ _12\"> </span>de  elementos <span class=\"_ _12\"> </span>no <span class=\"_ _12\"> </span>financi<span class=\"_ _6\"></span>eros <span class=\"_ _12\"> </span>a  los <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _6\"></span>NIIF <span class=\"_ _6\"></span>9 (pre<span class=\"_ _6\"></span>cio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>precio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>principalmente) <span class=\"_ _6\"></span>se calcula<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a partir <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la mejor <span class=\"_ _6\"></span>estima<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>curvas <span class=\"_ _15\"></span>futu<span class=\"_ _6\"></span>ras <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>dichos <span class=\"_ _15\"></span>elementos <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>financieros, <span class=\"_ _15\"></span>existente <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _6\"></span> a plazo.  Los valores <span class=\"_ _1\"></span>razonables se<span class=\"_ _1\"></span> ajustan <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el im<span class=\"_ _1\"></span>pacto esperado <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>riesgo de cr\u00e9dito <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>bservable de <span class=\"_ _e\"></span>la contraparte en <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>cenarios <span class=\"_ _12\"> </span>de  valoraci\u00f3n <span class=\"_ _12\"> </span>positivos, <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>impacto  del <span class=\"_ _11\"> </span>riesgo <span class=\"_ _12\"> </span>de  cr\u00e9dito <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>ropio <span class=\"_ _12\"> </span>ob<span class=\"_ _6\"></span>servable <span class=\"_ _12\"> </span>en <span class=\"_ _1a\"> </span>los escenarios de valo<span class=\"_ _6\"></span>raci\u00f3n negativos<span class=\"_ _6\"></span>. Los <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alores <span class=\"_ _15\"></span>obtenidos <span class=\"_ _10\"></span>utilizando <span class=\"_ _15\"></span>estas <span class=\"_ _10\"></span>t\u00e9cnicas <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _15\"></span>contrastados <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>financieras <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e ENCE tiene contrata<span class=\"_ _6\"></span>dos estos instrumentos<span class=\"_ _6\"></span> financieros.<span class=\"_ _6\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _6\"></span>encuadradas<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el nivel 2 <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>jerarqu\u00eda <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>razonables <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la NIIF 13, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>estar los inputs basad<span class=\"_ _6\"></span>os en precios cotizados p<span class=\"_ _6\"></span>ara ins<span class=\"_ _6\"></span>trumentos similares en mercados a<span class=\"_ _6\"></span>ctivos (no incluido<span class=\"_ _6\"></span>s en el nivel <span class=\"_ _e\"></span>1), <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>cotiza<span class=\"_ _6\"></span>dos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _e\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _e\"></span>id\u00e9nticos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>imilares <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>mercados <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>no <span class=\"_ _1\"></span>son <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>t\u00e9cnicas basadas <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>modelos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>ales <span class=\"_ _11\"> </span>todos <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>inputs <span class=\"_ _12\"> </span>significativos  son <span class=\"_ _11\"></span>observables <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el mercado o <span class=\"_ _6\"></span>pueden <span class=\"_ _6\"></span>ser corrob<span class=\"_ _6\"></span>orados<span class=\"_ _6\"></span> por <span class=\"_ _6\"></span>datos <span class=\"_ _6\"></span>observables de <span class=\"_ _6\"></span>mercado. E<span class=\"_ _6\"></span>n dicha<span class=\"_ _6\"></span> clasifica<span class=\"_ _6\"></span>ci\u00f3n s<span class=\"_ _6\"></span>e ha <span class=\"_ _6\"></span>tenido en <span class=\"_ _6\"></span>consideraci\u00f3n <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ajustes <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>riesgo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _6\"></span>utilizan <span class=\"_ _6\"></span>inpu<span class=\"_ _6\"></span>ts d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>ivel <span class=\"_ _6\"></span>3, <span class=\"_ _6\"></span>como s<span class=\"_ _6\"></span>on las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estimaciones de <span class=\"_ _11\"> </span>cr\u00e9dito <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _11\"> </span>crediticio <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>mpresas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>comparables <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>evaluar <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>pro<span class=\"_ _6\"></span>babilidad <span class=\"_ _12\"> </span>de quiebra <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>sociedad <span class=\"_ _10\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>parte, <span class=\"_ _15\"></span>si <span class=\"_ _15\"></span>bien, <span class=\"_ _10\"></span>dichos <span class=\"_ _15\"></span>ajustes <span class=\"_ _15\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>son <span class=\"_ _15\"></span>significativos<span class=\"_ _6\"></span>. <span class=\"_ _15\"></span>Por <span class=\"_ _15\"></span>otra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>parte, <span class=\"_ _15\"></span>las<span class=\"_ _33\"> </span>contraprestacion<span class=\"_ _6\"></span>es <span class=\"_ _1c\"> </span>contingentes <span class=\"_ _1c\"> </span>y <span class=\"_ _17\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _1c\"> </span>razonables <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1c\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _1c\"> </span>pasivos <span class=\"_ _17\"> </span>in<span class=\"_ _6\"></span>corporados <span class=\"_ _1b\"> </span>en combinaciones de negocios<span class=\"_ _6\"></span> que quedan<span class=\"_ _6\"></span> encuadradas<span class=\"_ _6\"></span> en el nivel 3 de la jerarqu\u00eda (v<span class=\"_ _6\"></span>\u00e9a<span class=\"_ _6\"></span>nse Nota<span class=\"_ _6\"></span>s 4 y 6<span class=\"_ _6\"></span><span class=\"ls19\">).<span class=\"_ _33\"> </span></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-577": {
   "value": "Los intereses d<span class=\"_ _6\"></span>evengados du<span class=\"_ _6\"></span>rante el periodo de<span class=\"_ _6\"></span> construcci<span class=\"_ _6\"></span>\u00f3n, siempre que <span class=\"_ _6\"></span>este per\u00edodo <span class=\"_ _6\"></span>sea su<span class=\"_ _6\"></span>perior a 1 <span class=\"_ _11\"></span>a\u00f1o, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>relativos <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _11\"> </span>atribuible <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>activo <span class=\"_ _11\"> </span>productivo. <span class=\"_ _11\"> </span>La <span class=\"_ _11\"> </span>tasa <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>inter\u00e9s <span class=\"_ _11\"></span>utilizada <span class=\"_ _11\"> </span>es <span class=\"_ _11\"></span>la correspondiente <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>espec\u00edfica <span class=\"_ _0\"></span>o, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>existi<span class=\"_ _6\"></span>r, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>ta<span class=\"_ _6\"></span>sa <span class=\"_ _10\"></span>media <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>financiaci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Grupo (v\u00e9ase Nota 28).<span class=\"_ _33\"> </span>Los in<span class=\"_ _6\"></span>gresos por <span class=\"_ _6\"></span>intereses se <span class=\"_ _6\"></span>reconocen siguiend<span class=\"_ _6\"></span>o un <span class=\"_ _6\"></span>criterio finan<span class=\"_ _6\"></span>ciero, en <span class=\"_ _6\"></span>funci\u00f3n <span class=\"_ _6\"></span>del principal <span class=\"_ _6\"></span>pendiente de pago, el plazo h<span class=\"_ _6\"></span>asta el vencimiento, y<span class=\"_ _6\"></span> el tipo de inter\u00e9s efectiv<span class=\"_ _6\"></span>o aplicable.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-550": {
   "value": "\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _15\"></span>caso <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>est\u00e9 <span class=\"_ _15\"></span>obligado<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>desmantelar <span class=\"_ _15\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaciones <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>rehab<span class=\"_ _6\"></span>ilitar <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>lugar <span class=\"_ _15\"></span>don<span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e </span></span>asientan, <span class=\"_ _12\"> </span>el <span class=\"_ _11\"></span>valor <span class=\"_ _11\"> </span>estimado <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>dicho<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>costes <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>incorpora <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>valor <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>libros <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>activo <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>su <span class=\"_ _11\"> </span>valor presente, <span class=\"_ _12\"> </span>con  abono <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>ep\u00edgrafe <span class=\"_ _12\"> </span>\u201cProvisiones<span class=\"_ _6\"></span>\u201d <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>Est<span class=\"_ _6\"></span><span class=\"ff4\">ado  de <span class=\"_ _11\"> </span>Situaci\u00f3n  Financiera <span class=\"_ _11\"> </span>cons<span class=\"_ _6\"></span>olidado.  Lo<span class=\"_ _1\"></span>s </span>cambios <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>osteriores <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>evaluaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>obligacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>desmantelami<span class=\"_ _6\"></span>ento <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>a\u00f1ade<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>deducen del valor neto conta<span class=\"_ _6\"></span>ble del activo corresp<span class=\"_ _6\"></span>ondiente en el period<span class=\"_ _6\"></span>o en el que se p<span class=\"_ _6\"></span>roducen. <span class=\"_ _15\"></span> 17<span class=\"ls0_1\"> </span>www.ence.es<span class=\"ff3 fs4 fc4\"> </span>Ence Energ\u00eda y Celulosa, <span class=\"_ _6\"></span>S.<span class=\"_ _33\"> </span>Los <span class=\"_ _12\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>ampliaci\u00f3n, <span class=\"_ _12\"> </span>modernizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>mejoras<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"> </span>representa<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>un  a<span class=\"_ _1\"></span>umento <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la  pro<span class=\"_ _1\"></span>ductividad, capacidad, <span class=\"_ _6\"></span>eficiencia o <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>alargamiento<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>vida <span class=\"_ _6\"></span>\u00fatil d<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> bienes <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>capitalizan <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>m<span class=\"_ _6\"></span>ayor cos<span class=\"_ _6\"></span>te de <span class=\"_ _6\"></span>los correspondientes activos. <span class=\"_ _e\"></span>Forman igualmente <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>inmov<span class=\"_ _6\"></span>ilizado <span class=\"_ _1\"></span>material <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>inversiones <span class=\"_ _1\"></span>efectuadas con el <span class=\"_ _15\"></span>fin <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>minimizar <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>impacto <span class=\"_ _10\"></span>ambiental <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>operacion<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>mejorar <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>pro<span class=\"_ _6\"></span>tecci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>medio <span class=\"_ _10\"></span>ambiente<span class=\"_ _6\"></span>. ENCE <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>igue <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>traspas<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>obra <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>curs<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _11\"></span>una <span class=\"_ _0\"></span>vez <span class=\"_ _0\"></span>fi<span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>alizado <span class=\"_ _11\"></span>el correspondiente periodo<span class=\"_ _6\"></span> de prueba.<span class=\"_ _6\"></span> Por su parte, los gastos de <span class=\"_ _1\"></span>conservaci\u00f3n y mantenimiento incurridos durante el ejercicio <span class=\"_ _1\"></span>se cargan al Estado de Resultado cons<span class=\"_ _6\"></span>olidado. <span class=\"_ _6\"></span> Las s<span class=\"_ _6\"></span>ustituciones <span class=\"_ _6\"></span>de elemento<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>del inmovilizad<span class=\"_ _6\"></span>o material <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>sceptibles <span class=\"_ _6\"></span>de capitaliza<span class=\"_ _6\"></span>ci\u00f3n su<span class=\"_ _6\"></span>ponen <span class=\"_ _6\"></span>la baj<span class=\"_ _6\"></span>a del valor  contable  de  los  elementos<span class=\"_ _6\"></span>  sustituidos.  En  aquellos  casos  en  los  que  el  coste  de  los  elementos sustituid<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>haya <span class=\"_ _0\"></span>sido <span class=\"_ _0\"></span>amortizad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>forma <span class=\"_ _0\"></span>ind<span class=\"_ _6\"></span>ependie<span class=\"_ _6\"></span>nte <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>fuese <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>racticable <span class=\"_ _0\"></span>determin<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>alor contable de los mismos, s<span class=\"_ _6\"></span>e utiliza el coste de la sustituci\u00f3n como indicativo del coste de los elementos en el momento <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>construcci\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ben<span class=\"_ _6\"></span>eficio <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>p\u00e9rdida <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>pr<span class=\"_ _10\"></span>oduce <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la enajenaci\u00f3n <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>elementos sustituidos <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>determina <span class=\"_ _e\"></span>por dif<span class=\"_ _1\"></span>erencia <span class=\"_ _e\"></span>entre<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ercibid<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>por la <span class=\"_ _a\"></span>venta<span class=\"_ _6\"></span> y el valor en libros<span class=\"_ _6\"></span> del activo enajenado.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-578": {
   "value": "Amortizaciones y de<span class=\"_ _6\"></span>terioros Durante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>amortiza <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _11\"></span>material <span class=\"_ _10\"></span>siguiend<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>lineal, distribuyend<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>activos entre <span class=\"_ _e\"></span>los a\u00f1os <span class=\"_ _e\"></span>de vida <span class=\"_ _e\"></span>\u00fatil <span class=\"_ _1\"></span>estimada, de <span class=\"_ _e\"></span>acuerdo con <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>siguiente <span class=\"_ _1\"></span>detalle:<span class=\"_ _33\"> </span>A\u00f1o 2024 Porcentaje A\u00f1os de Vida Amortizaci\u00f3n \u00datil Estimada Construcciones 2%<span class=\"ls0_1\">-</span>3%<span class=\"ls0_1\"> </span>33<span class=\"ls0_1\">-</span>50<span class=\"ls0_1\"> </span>Instalaciones t\u00e9cnicas Plantas de generaci\u00f3n con biomasa 4%<span class=\"ls0_1\"> </span>25<span class=\"ls0_1\"> </span>Otras instalaciones 5%<span class=\"ls0_1\">-8,3% </span>8-<span class=\"ls9\">20</span> Maquinaria 5%<span class=\"ls0_1\">-12,5% </span>8-<span class=\"ls9\">20</span> Utillaje y mobiliario 8,3%-12,5% 8-<span class=\"ls9\">12</span> Equipos procesos de informaci\u00f3n 20%<span class=\"ls0_1\"> </span>5 Elementos transporte 10%<span class=\"ls0_1\"> </span>10<span class=\"ls0_1\"> </span>Otro inmovilizado material 10%<span class=\"ls0_1\"> </span>10<span class=\"ls0_1\"> </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>revisa <span class=\"_ _15\"></span>peri\u00f3dicamen<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>residu<span class=\"_ _6\"></span>al, <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>m\u00e9todo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>amortizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>inmovilizado material. <span class=\"_ _10\"></span>Las<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>modificaciones <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>criterios <span class=\"_ _0\"></span>inicialmente <span class=\"_ _0\"></span>esta<span class=\"_ _6\"></span>blecidos <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>reconoc<span class=\"_ _6\"></span>en <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>de estimaci\u00f3n.<span class=\"_ _33\"> </span>Los <span class=\"_ _18\"> </span>terrenos <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>registran <span class=\"_ _18\"> </span>de  forma <span class=\"_ _18\"> </span>independiente <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>edificios <span class=\"_ _18\"> </span>o <span class=\"_ _18\"> </span>instalaciones <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>puedan <span class=\"_ _18\"> </span>estar asentadas sob<span class=\"_ _6\"></span>re los mismos y se entiende que tienen una vida <span class=\"_ _6\"></span>\u00fatil indefinida y, por tanto, no son objeto de amortizaci\u00f3n.<span class=\"_ _6\"></span> Con <span class=\"_ _17\"> </span>car\u00e1cter <span class=\"_ _1c\"> </span>general, <span class=\"_ _17\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>edificaciones <span class=\"_ _1c\"> </span>construidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>terrenos <span class=\"_ _17\"> </span>cedi<span class=\"_ _6\"></span>dos <span class=\"_ _1c\"> </span>en <span class=\"_ _17\"> </span>r\u00e9gimen concesional <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la cuenta <span class=\"_ _6\"></span>\u201c<span class=\"_ _6\"></span>Construcciones\u201d<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Dicho <span class=\"_ _6\"></span>coste, <span class=\"_ _6\"></span>junto <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>resto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>insta<span class=\"_ _6\"></span>laciones fijas <span class=\"_ _15\"></span>ubicadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>terrenos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>concesion<span class=\"_ _6\"></span>ados <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>a<span class=\"_ _6\"></span>mortiza <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>ida <span class=\"_ _15\"></span>\u00fatil, <span class=\"_ _15\"></span>estableci\u00e9ndose <span class=\"_ _15\"></span>como l\u00edmite el periodo restante d<span class=\"_ _6\"></span>e vigencia de la concesi\u00f3n<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span> En <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>Renov<span class=\"_ _6\"></span>ables, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>regulaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estab<span class=\"_ _6\"></span>lece <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>regulatoria <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>operativos <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>depende de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>tecnolog\u00eda,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>siendo <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>actualmente <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>blecida <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>25 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>biomasa. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>vida regulatoria <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>period<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>duran<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>la cual <span class=\"_ _e\"></span>la instalaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>va <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>tener <span class=\"_ _e\"></span>derecho a <span class=\"_ _e\"></span>pertenec<span class=\"_ _6\"></span>er <span class=\"_ _e\"></span>al r\u00e9gimen <span class=\"_ _1\"></span>retributivo establecido <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>normativa <span class=\"_ _11\"> </span>energ\u00e9tica <span class=\"_ _11\"> </span>y, <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>tanto, <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>obtener <span class=\"_ _11\"></span>los <span class=\"_ _11\"></span>beneficios <span class=\"_ _11\"></span>econ\u00f3micos <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>apliquen (retribuciones <span class=\"_ _6\"></span>a la <span class=\"_ _6\"></span>inversi\u00f3n <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>la op<span class=\"_ _6\"></span>eraci\u00f3n m<span class=\"_ _6\"></span>ediante el <span class=\"_ _6\"></span>mecanis<span class=\"_ _6\"></span>mo de <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _6\"></span>m\u00edn<span class=\"_ _15\"></span>ima <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>en el <span class=\"_ _15\"></span>mismo). <span class=\"_ _15\"></span>En <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>sentid<span class=\"_ _6\"></span>o, <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>activos <span class=\"_ _15\"></span>vincu<span class=\"_ _6\"></span>lados <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>estas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaciones <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>amortiza<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>considerand<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ida \u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3micos positivos<span class=\"_ _6\"></span> m\u00e1s all\u00e1 de su vida <span class=\"_ _6\"></span>regulatoria.<span class=\"_ _33\"> </span>Las s<span class=\"_ _6\"></span>ociedades del <span class=\"_ _6\"></span>Grupo ev<span class=\"_ _6\"></span>al\u00faan peri\u00f3dicamente, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>al menos <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cierre de cada <span class=\"_ _6\"></span>ejercicio, <span class=\"_ _6\"></span>si existen <span class=\"_ _6\"></span>indicios de <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>alg\u00fan <span class=\"_ _6\"></span>activo <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>conjunto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>del in<span class=\"_ _6\"></span>movilizado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>jeto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>proceder <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>caso<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>tal como <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>indica <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>apartado <span class=\"_ _15\"></span>3.5 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>presente <span class=\"_ _15\"></span>nota<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>deterioro <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>reversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>mis<span class=\"_ _6\"></span>mo <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _15\"></span>ajustar <span class=\"_ _15\"></span>su valor <span class=\"_ _11\"></span>neto <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>recuperable, <span class=\"_ _11\"> </span>sin <span class=\"_ _11\"></span>superar <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>ning\u00fan <span class=\"_ _11\"></span>caso <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>reversiones <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>deterioros previos <span class=\"_ _12\"> </span>realizados. <span class=\"_ _12\"> </span>Los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>deterioros <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>reconocen, <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>cargo <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>ep\u00edgra<span class=\"_ _6\"></span>fe <span class=\"_ _11\"> </span>\u201c<span class=\"_ _6\"></span>Deter<span class=\"_ _15\"></span><span class=\"ff4\">ioros <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>y </span>resultados p<span class=\"_ _6\"></span>or enajenaci\u00f3n de inmovilizado<span class=\"_ _6\"></span>\u201d.<span class=\"_ _33\"> </span>3.5<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Deterioro de valo<span class=\"_ _1\"></span>r de activo<span class=\"_ _1\"></span>s no financieros </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>ENCE <span class=\"_ _6\"></span>revisa, <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>ejercicio, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sus <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>financieros, entre los <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se incluy<span class=\"_ _6\"></span>en los <span class=\"_ _6\"></span>activos<span class=\"_ _6\"></span> materiales, <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos po<span class=\"_ _6\"></span>r derecho <span class=\"_ _6\"></span>de us<span class=\"_ _6\"></span>o, el <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>de comercio <span class=\"_ _6\"></span>junto a <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>inta<span class=\"_ _6\"></span>ngibles, <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span><span class=\"ff6\">activos <span class=\"_ _10\"></span>biol\u00f3gicos, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>\u201cInversiones <span class=\"_ _10\"></span>contabilizadas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>m\u00e9todo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la </span>participaci\u00f3n\u201d <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>determinar <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _15\"></span>existe <span class=\"_ _15\"></span>alg\u00fan <span class=\"_ _15\"></span>indicio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>dichos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>hayan <span class=\"_ _15\"></span>sufrido <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _15\"></span>p\u00e9rdida <span class=\"_ _15\"></span>por deterioro, y <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or tanto <span class=\"_ _e\"></span>el valor <span class=\"_ _1\"></span>que se <span class=\"_ _e\"></span>esp<span class=\"_ _6\"></span>era recuperar <span class=\"_ _e\"></span>de su uso <span class=\"_ _e\"></span>o dispos<span class=\"_ _6\"></span>ici\u00f3n es <span class=\"_ _1\"></span>inferior <span class=\"_ _1\"></span>a su <span class=\"_ _1\"></span>valor e<span class=\"_ _1\"></span>n libros.<span class=\"_ _33\"> </span><span class=\"_ _1\"></span>  ENCE <span class=\"_ _18\"> </span>utiliza<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>tanto <span class=\"_ _1e\"> </span>fuentes <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>informaci\u00f3n <span class=\"_ _18\"> </span>internas<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>co<span class=\"_ _6\"></span>mo <span class=\"_ _18\"> </span>externas <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _18\"> </span>evaluar <span class=\"_ _1e\"> </span>posibles <span class=\"_ _18\"> </span>in<span class=\"_ _6\"></span>dicios <span class=\"_ _18\"> </span>de deterioro. <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>ntre <span class=\"_ _1a\"> </span>las  f<span class=\"_ _1\"></span>uentes <span class=\"_ _12\"> </span>externas<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>cons<span class=\"_ _6\"></span>ideran  di<span class=\"_ _1\"></span>sminuciones  del <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>de  mercado <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>siderando transacciones comparables, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>evoluci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>a futuro <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>celulosa <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _1\"></span>renovab<span class=\"_ _6\"></span>le, <span class=\"_ _e\"></span>posibles cambios <span class=\"_ _6\"></span>futu<span class=\"_ _6\"></span>ros <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>versos <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>entorno <span class=\"_ _15\"></span>legal, <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>con\u00f3mico <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tecno<span class=\"_ _6\"></span>l\u00f3gico <span class=\"_ _6\"></span>que<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>pud<span class=\"_ _6\"></span>ieran <span class=\"_ _6\"></span>pon<span class=\"_ _6\"></span>er <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>manifiesto una <span class=\"_ _11\"></span>p\u00e9rdida <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>valor <span class=\"_ _11\"> </span>recuperable <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _11\"> </span>activos, <span class=\"_ _11\"></span>mermas <span class=\"_ _0\"></span>sob<span class=\"_ _6\"></span>revenidas <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>producci\u00f3n <span class=\"_ _11\"></span>esperada <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>u<span class=\"_ _15\"></span><span class=\"ls14\">e<span class=\"_ _33\"> </span></span>persistan en el tiem<span class=\"_ _1\"></span>po, o la ev<span class=\"_ _1\"></span>oluci\u00f3n de variables macroecon\u00f3micas somo la inflaci\u00f3n <span class=\"_ _1\"></span>y los tipos <span class=\"_ _1\"></span>de inter\u00e9s. Por su parte, internamente s<span class=\"_ _6\"></span>e eval\u00faa si se ha produ<span class=\"_ _6\"></span>cido un deterioro f\u00edsico u obs<span class=\"_ _6\"></span>olescencia de los activ<span class=\"_ _6\"></span>os, o si el rendimiento del activo es<span class=\"_ _6\"></span> peor<span class=\"_ _6\"></span> de lo esperado<span class=\"_ _6\"></span>. En <span class=\"_ _12\"> </span>caso <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>existir <span class=\"_ _12\"> </span>indicios <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>deterioro,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>ll<span class=\"_ _6\"></span>eva <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cabo <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>na <span class=\"_ _12\"> </span>estimaci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>importe <span class=\"_ _12\"> </span>recuperable, <span class=\"_ _12\"> </span>para<span class=\"_ _6\"></span> determinar, en <span class=\"_ _e\"></span>su caso, <span class=\"_ _e\"></span>el importe <span class=\"_ _e\"></span>del deterioro. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _1\"></span>importe recuperable <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>mayor <span class=\"_ _1\"></span>entre el <span class=\"_ _e\"></span>valor razonable minorado p<span class=\"_ _6\"></span>or el <span class=\"_ _6\"></span>coste de su <span class=\"_ _6\"></span>venta y<span class=\"_ _6\"></span> el valo<span class=\"_ _6\"></span><span class=\"ff6\">r <span class=\"_ _6\"></span>\u201cen us<span class=\"_ _6\"></span>o\u201d. En el caso<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los fondos <span class=\"_ _6\"></span>de comercio <span class=\"_ _6\"></span>ENCE realiza <span class=\"_ _6\"></span>de </span>forma sistem\u00e1tica el an<span class=\"_ _6\"></span>\u00e1lisis de recuperabilidad al m<span class=\"_ _6\"></span>enos anualmente.<span class=\"_ _15\"></span> Los <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>\u201cen <span class=\"_ _15\"></span>uso\u201d se <span class=\"_ _6\"></span>determinan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>Unidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Generadora <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Efectivo <span class=\"_ _6\"></span>(UGE). <span class=\"_ _6\"></span>El <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>comercio adquirido en una <span class=\"_ _6\"></span>combinaci\u00f3n de negocios se distrib<span class=\"_ _6\"></span>uye entre cada una de las UGE que se benefician de las sinergias <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>combin<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>negoc<span class=\"_ _6\"></span>ios. <span class=\"_ _15\"></span>Con <span class=\"_ _15\"></span>ca<span class=\"_ _6\"></span>r\u00e1ct<span class=\"_ _6\"></span>er <span class=\"_ _15\"></span>general, <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>una <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaci<span class=\"_ _6\"></span>ones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el Grupo desarrolla s<span class=\"_ _6\"></span>u actividad es una <span class=\"_ _6\"></span>UGE.<span class=\"_ _33\"> </span>Para determinar el valor en u<span class=\"_ _6\"></span>so de los a<span class=\"_ _6\"></span>ctivos sometidos a test d<span class=\"_ _6\"></span>e deterioro, se estima el <span class=\"_ _6\"></span>valor actual d<span class=\"_ _6\"></span>e los flujos <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>etos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>caja <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>riginados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>UGE <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>aso<span class=\"_ _6\"></span>cian <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mismos, <span class=\"_ _15\"></span>exceptuan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>aq<span class=\"_ _6\"></span>uellos <span class=\"_ _6\"></span>flujos relacionados <span class=\"_ _11\"> </span>con <span class=\"_ _11\"> </span>pago<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>o <span class=\"_ _11\"> </span>cobros <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>oper<span class=\"_ _6\"></span>aciones <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>pago<span class=\"_ _6\"></span>s <span class=\"_ _11\"></span>por <span class=\"_ _11\"></span>el <span class=\"_ _11\"></span>impuesto <span class=\"_ _11\"></span>sobre <span class=\"_ _11\"> </span>los beneficios, as\u00ed como aqu<span class=\"_ _6\"></span>\u00e9llos que se deriven d<span class=\"_ _6\"></span>e mejoras o reformas futura<span class=\"_ _6\"></span>s previstas<span class=\"_ _6\"></span> para los activ<span class=\"_ _6\"></span>os de las citadas un<span class=\"_ _6\"></span>idades generadoras d<span class=\"_ _6\"></span>e efectivo.  Los <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>caja <span class=\"_ _15\"></span>estimados <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>obtienen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>yecciones <span class=\"_ _6\"></span>realizadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Direcci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cad<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> UGE, que en ge<span class=\"_ _1\"></span>neral utilizan periodos de 3-5 a\u00f1os, excepto cuando las caracter\u00edsticas del negocio <span class=\"_ _1\"></span>aconsejan periodos <span class=\"_ _15\"></span>superiores. <span class=\"_ _6\"></span>Las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tasas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>crecim<span class=\"_ _6\"></span>iento <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>var<span class=\"_ _6\"></span>iaciones <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>precios <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>costes <span class=\"_ _6\"></span>directos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>bas<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los compromisos contractuales <span class=\"_ _e\"></span>firmes, la <span class=\"_ _e\"></span>informaci\u00f3n p\u00fablica <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>isponible, as\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>previsiones sectoriales<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>experiencia <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>ENCE. <span class=\"_ _e\"></span>Adici<span class=\"_ _6\"></span>onalmente, <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>realizan <span class=\"_ _1\"></span>an\u00e1lisis <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>sens<span class=\"_ _6\"></span>ibilidad<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>relaci\u00f3n <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>crecimientos de <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>gresos, <span class=\"_ _11\"> </span>m\u00e1rgenes <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>explotaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>tasas <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>des<span class=\"_ _6\"></span>cuento, <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>fin <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>prever <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>impacto <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>futu<span class=\"_ _6\"></span>ros cambios en estas<span class=\"_ _6\"></span> variables (v<span class=\"_ _6\"></span>\u00e9ase Nota 19).  En <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>lantas de <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e ener<span class=\"_ _6\"></span>g\u00eda <span class=\"_ _6\"></span>renovable <span class=\"_ _6\"></span>encuadra<span class=\"_ _6\"></span>das <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ENCE<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Renovables, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>que se <span class=\"_ _e\"></span>puede <span class=\"_ _e\"></span>prever <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>cierto <span class=\"_ _e\"></span>gra<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>fiab<span class=\"_ _6\"></span>ilidad <span class=\"_ _e\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>flujos <span class=\"_ _e\"></span>tanto <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>fase <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>cons<span class=\"_ _6\"></span>trucci\u00f3n <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>explotaci\u00f3n (activos <span class=\"_ _18\"> </span>con  producci\u00f3n <span class=\"_ _18\"> </span>estable,  amplias<span class=\"_ _6\"></span>  s<span class=\"_ _6\"></span>eries  hist\u00f3<span class=\"_ _6\"></span>ricas  en <span class=\"_ _18\"> </span>la  informaci\u00f3n <span class=\"_ _18\"> </span>de  mercado <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>costes  de explotaci\u00f3n con<span class=\"_ _6\"></span> po<span class=\"_ _6\"></span>ca volat<span class=\"_ _6\"></span>ilidad), s<span class=\"_ _6\"></span>e realiza <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>proyecci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los flujo<span class=\"_ _6\"></span>s de <span class=\"_ _6\"></span>caj<span class=\"_ _15\"></span>a esp<span class=\"_ _6\"></span>erados <span class=\"_ _6\"></span>hasta<span class=\"_ _6\"></span> el <span class=\"_ _6\"></span>final de la vida <span class=\"_ _1\"></span>\u00fatil regulatoria <span class=\"_ _1\"></span>de cada planta, <span class=\"_ _1\"></span>y el <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r residual <span class=\"_ _1\"></span>no es significativo. <span class=\"_ _1\"></span>Por su <span class=\"_ _1\"></span>parte, las <span class=\"_ _1\"></span>proyecciones de flujos de caja esperados en ac<span class=\"_ _e\"></span>tiv<span class=\"_ _6\"></span>os biol\u00f3gicos abarcan un ciclo productivo que <span class=\"_ _1\"></span>puede alcanzar hasta 40 <span class=\"_ _1\"></span>a\u00f1os e <span class=\"ls0_1\">igualmente no s<span class=\"_ _6\"></span>e considera v<span class=\"_ _6\"></span>alor residual.<span class=\"_ _6\"></span> </span>Para <span class=\"_ _6\"></span>actualiz<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>flujos <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>efectivo <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>utiliza <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>tasa <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>descuento <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>incluye <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>evaluacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>actuales<span class=\"_ _6\"></span> del mercado sob<span class=\"_ _6\"></span>re el valor temporal del dinero y<span class=\"_ _6\"></span> los riesgos<span class=\"_ _6\"></span> espec\u00edficos de cada UGE.<span class=\"_ _33\"> </span>Si se <span class=\"_ _6\"></span>estima qu<span class=\"_ _6\"></span>e el importe <span class=\"_ _6\"></span>recuperable d<span class=\"_ _6\"></span>e un <span class=\"_ _6\"></span>activo es in<span class=\"_ _6\"></span>ferior a <span class=\"_ _6\"></span>su valor <span class=\"_ _6\"></span>en libros, \u00e9ste \u00fa<span class=\"_ _6\"></span>ltimo se <span class=\"_ _6\"></span>reduce a su <span class=\"_ _1e\"> </span>importe <span class=\"_ _1e\"> </span>recuperabl<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>reco<span class=\"_ _6\"></span>nociendo <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>minoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1e\"> </span>correspond<span class=\"_ _6\"></span>iente <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>tr<span class=\"_ _6\"></span>av\u00e9s <span class=\"_ _1e\"> </span>del <span class=\"_ _1e\"> </span>ep\u00edgraf<span class=\"_ _6\"></span>e \u201cDeterioros <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>resultados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>enajenaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inmovilizado\u201d <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Resultad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span><span class=\"ff4\">consolidad<span class=\"_ _6\"></span>o<span class=\"ls16\">. </span></span>Las p\u00e9rdidas<span class=\"_ _6\"></span> por deterioro son rev<span class=\"_ _6\"></span>ersibles, excepto las corres<span class=\"_ _6\"></span>pondientes a lo<span class=\"_ _6\"></span>s fondos de comercio.<span class=\"_ _15\"></span> Cuando <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _10\"></span>revierte <span class=\"_ _0\"></span>posteriormente, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>i<span class=\"_ _6\"></span>mporte <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>libros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>UGE <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>incrementa <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la estimaci\u00f3n revisada de su importe recuperable, pero de tal modo que <span class=\"_ _1\"></span>el importe en libros incrementado no supere <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>importe <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>libros <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>habr\u00eda <span class=\"_ _11\"></span>determinad<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>no <span class=\"_ _11\"> </span>haberse <span class=\"_ _11\"> </span>reconocido <span class=\"_ _11\"> </span>ninguna <span class=\"_ _11\"> </span>p\u00e9rdid<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>por<span class=\"_ _1\"></span> deterioro de valor par<span class=\"_ _6\"></span>a la UGE en ejercicios a<span class=\"_ _6\"></span>nteriores.<span class=\"_ _33\"> </span>Deterioros de valor-<span class=\"_ _6\"></span> ENCE ev<span class=\"_ _6\"></span>al\u00faa s<span class=\"_ _6\"></span>obre un<span class=\"_ _6\"></span>a base <span class=\"_ _6\"></span>prospectiva <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>cr\u00e9dito esp<span class=\"_ _6\"></span>eradas d<span class=\"_ _6\"></span>e sus<span class=\"_ _6\"></span> activos v<span class=\"_ _6\"></span>alorados <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>coste amortizado. En es<span class=\"_ _6\"></span>te sentido, ENCE a<span class=\"_ _6\"></span>plica el enfoque gener<span class=\"_ _6\"></span>al de c\u00e1lculo de la p<span class=\"_ _6\"></span>\u00e9rdida esperada <span class=\"_ _6\"></span>a sus a<span class=\"_ _6\"></span>ctivos financieros a <span class=\"_ _1\"></span>largo plazo, excepto <span class=\"_ _1\"></span>los saldos comerciales <span class=\"_ _e\"></span>y otras<span class=\"_ _6\"></span> cuentas <span class=\"_ _1\"></span>a cobrar <span class=\"_ _1\"></span>sin componente <span class=\"_ _1\"></span>financiero<span class=\"_ _6\"></span> significativo para <span class=\"_ _6\"></span>los que aplica un enfoq<span class=\"_ _6\"></span>ue simplificado.<span class=\"_ _6\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"_ _6\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo que el riesgo de cr\u00e9dito se h<span class=\"_ _6\"></span>aya in<span class=\"_ _6\"></span>crementado de forma s<span class=\"_ _6\"></span>ignificativa desde s<span class=\"_ _6\"></span>u reconocimiento inicial.<span class=\"_ _15\"></span> Bajo <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>enfoqu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>implificado, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>consideran las <span class=\"_ _e\"></span>p\u00e9rdidas cre<span class=\"_ _1\"></span>diticias e<span class=\"_ _1\"></span>speradas durante <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>vida <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivo. <span class=\"_ _e\"></span> Este<span class=\"_ _1\"></span> modelo <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>lleva <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>cabo <span class=\"_ _11\"> </span>teniendo <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>consideraci\u00f3n <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>client<span class=\"_ _6\"></span>e, <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>cobertura <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>seguro <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>cr\u00e9dito<span class=\"_ _6\"></span> disponible, <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>experien<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>hist<span class=\"_ _6\"></span>\u00f3rica <span class=\"_ _e\"></span>referente <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ries<span class=\"_ _6\"></span>go <span class=\"_ _e\"></span>crediticio <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>\u00faltimos <span class=\"_ _e\"></span>cin<span class=\"_ _6\"></span>co <span class=\"_ _e\"></span>a\u00f1os. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>modelo<span class=\"_ _33\"> </span>incorpora <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>umbral <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>180 <span class=\"_ _10\"></span>d\u00edas <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>mora <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>ideraci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _10\"></span>un impago <span class=\"_ _1\"></span>definitivo. <span class=\"_ _1\"></span>Estos criterios <span class=\"_ _e\"></span>son aplicados <span class=\"_ _e\"></span>en au<span class=\"_ _1\"></span>sencia d<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>otra<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>evidencias objetivas de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>incumplimiento, como <span class=\"_ _e\"></span>puedan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ser <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>cursales, <span class=\"_ _1\"></span>etc. <span class=\"_ _e\"></span>En <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>ejercicios 2024 <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _e\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _e\"></span>registra<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>importes<span class=\"_ _6\"></span> significativos po<span class=\"_ _6\"></span>r este concepto en el Es<span class=\"_ _6\"></span>tado de Resulta<span class=\"_ _6\"></span>do consolidado.<span class=\"_ _6\"></span> Las <span class=\"_ _6\"></span>dotacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>reversiones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>correcciones <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>rativas <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sald<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>comerciales <span class=\"_ _6\"></span>a cobrar <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cDeterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>sobre <span class=\"_ _10\"></span>activos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Res<span class=\"_ _6\"></span>ultado consolidado.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "3.4<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Activos biol\u00f3<span class=\"_ _1\"></span>gicos </span>El <span class=\"_ _15\"></span>Grupo <span class=\"_ _10\"></span>cultiva <span class=\"_ _10\"></span>diversas <span class=\"_ _10\"></span>especies <span class=\"_ _10\"></span>forestales, <span class=\"_ _15\"></span>prin<span class=\"_ _6\"></span>cipalmente <span class=\"_ _15\"></span>eucalip<span class=\"_ _6\"></span>tos <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>esp<span class=\"_ _6\"></span>ecies <span class=\"_ _10\"></span>Globulus <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>Nitens<span class=\"_ _6\"></span>, utilizadas como <span class=\"_ _e\"></span>materia prima <span class=\"_ _e\"></span>en los <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>cesos productivos <span class=\"_ _e\"></span>de ENCE, <span class=\"_ _e\"></span>o bien, <span class=\"_ _e\"></span>para su <span class=\"_ _e\"></span>venta a <span class=\"_ _e\"></span>terceros. <span class=\"_ _1\"></span>En e<span class=\"_ _1\"></span>ste sentido, <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>consideran <span class=\"_ _15\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>iol\u00f3gicos <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>vuelos <span class=\"_ _15\"></span>forestales. <span class=\"_ _15\"></span>Los <span class=\"_ _15\"></span>suelos <span class=\"_ _15\"></span>forestales<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>valoran<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>acuerdo con <span class=\"_ _e\"></span>la NIC <span class=\"_ _a\"></span>16<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>\u201cPropiedad<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>plan<span class=\"_ _6\"></span>ta <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>equipo\u201d y <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>regist<span class=\"_ _6\"></span><span class=\"ff4\">ran <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>icho <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Si<span class=\"_ _6\"></span>tuaci\u00f3n <span class=\"_ _1\"></span>Financiera </span>consolidado (v<span class=\"_ _6\"></span>\u00e9ase Nota 3.3).<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>valora <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>activos <span class=\"_ _10\"></span>biol\u00f3gicos <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>producci\u00f3n, <span class=\"_ _0\"></span>deducidos <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>agotamiento forestal as\u00ed como, en s<span class=\"_ _6\"></span>u caso, las p<span class=\"_ _6\"></span>\u00e9rdidas por deterioro de v<span class=\"_ _6\"></span>alor. <span class=\"_ _6\"></span> La <span class=\"_ _15\"></span>inversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>patrimonio<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>forestal <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>valora <span class=\"_ _10\"></span>imputa<span class=\"_ _6\"></span>ndo <span class=\"_ _15\"></span>to<span class=\"_ _6\"></span>dos <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>costes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>directamente <span class=\"_ _10\"></span>incurridos <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la adquisici\u00f3n y <span class=\"_ _1\"></span>desarrollo de <span class=\"_ _e\"></span>\u00e9ste; alquileres, <span class=\"_ _1\"></span>limpieza y <span class=\"_ _e\"></span>preparaci\u00f3<span class=\"_ _6\"></span>n de <span class=\"_ _e\"></span>terrenos<span class=\"_ _6\"></span>, plantaciones, <span class=\"_ _1\"></span>fertilizaciones, cuidado <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>servaci\u00f3n, <span class=\"_ _0\"></span>etc. <span class=\"_ _0\"></span>Asimismo<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>tratarse <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>necesitan <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>estar <span class=\"_ _0\"></span>en condiciones <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>uso<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>incorporan <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>mayo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>valor <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financieros <span class=\"_ _15\"></span>devengados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>has<span class=\"_ _6\"></span>ta <span class=\"_ _6\"></span>el momento <span class=\"_ _18\"> </span>de  la <span class=\"_ _18\"> </span>corta,  po<span class=\"_ _6\"></span>r  l<span class=\"_ _6\"></span>a  p<span class=\"_ _6\"></span>arte  de <span class=\"_ _18\"> </span>la  inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _18\"> </span>que  s<span class=\"_ _6\"></span>e  cons<span class=\"_ _6\"></span>idera  finan<span class=\"_ _6\"></span>ciada <span class=\"_ _18\"> </span>con <span class=\"_ _18\"> </span>rec<span class=\"_ _6\"></span>urs<span class=\"_ _6\"></span>os  aj<span class=\"_ _6\"></span>enos (actualmente <span class=\"_ _15\"></span>poco <span class=\"_ _10\"></span>representativ<span class=\"_ _6\"></span>a). <span class=\"_ _15\"></span>La <span class=\"_ _10\"></span>tasa <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inter\u00e9s <span class=\"_ _10\"></span>utilizada <span class=\"_ _15\"></span>es <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>tasa <span class=\"_ _15\"></span>media <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>Grupo (v\u00e9ase Nota 28).  Los sumideros <span class=\"_ _e\"></span>de carbono <span class=\"_ _e\"></span>acreditados como <span class=\"_ _e\"></span>consecuencia de <span class=\"_ _e\"></span>la<span class=\"_ _6\"></span> ge<span class=\"_ _1\"></span>sti\u00f3n forestal <span class=\"_ _e\"></span>sostenible y <span class=\"_ _e\"></span>la conservaci\u00f3n de <span class=\"_ _15\"></span>ecosistemas <span class=\"_ _10\"></span>son <span class=\"_ _10\"></span>considerados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>un <span class=\"_ _10\"></span>producto <span class=\"_ _15\"></span>complement<span class=\"_ _6\"></span>ario <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>gesti\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>patrimo<span class=\"_ _6\"></span>nio <span class=\"_ _10\"></span>forestal, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>se valoran, <span class=\"_ _1\"></span>cuando <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>acredita<span class=\"_ _6\"></span>n, <span class=\"_ _e\"></span>por <span class=\"_ _1\"></span>su <span class=\"_ _e\"></span>valor <span class=\"_ _e\"></span>razo<span class=\"_ _6\"></span>nable, <span class=\"_ _e\"></span>con <span class=\"ff6\">cargo <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>\u201cE<span class=\"_ _6\"></span>xistencias\u201d <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>abono <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>ep\u00edgrafe <span class=\"_ _e\"></span>\u201cOtro<span class=\"_ _6\"></span>s </span>pasivos <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>corrientes<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _6\"></span><span class=\"ff6\">ingresos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>istribuir <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>varios <span class=\"_ _6\"></span>ejercicios\u201d. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>venta, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>cancela <span class=\"_ _6\"></span>el </span>pasivo p<span class=\"_ _6\"></span>reviamente reconocido.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>tiempo <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>transcurre <span class=\"_ _0\"></span>desde <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>lleva <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>cabo <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lantaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>eucaliptal <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>pen\u00ednsula <span class=\"_ _0\"></span>ib\u00e9rica hasta <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _a\"></span>econ<span class=\"_ _6\"></span>\u00f3micamente <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>recomendable <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>destoconad<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>posterior <span class=\"_ _e\"></span>replan<span class=\"_ _6\"></span>taci\u00f3n <span class=\"_ _e\"></span>es <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>ariable <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>fun<span class=\"_ _6\"></span>ci\u00f3n<span class=\"_ _33\"> </span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>especie. <span class=\"_ _6\"></span>As\u00ed, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>especie <span class=\"_ _6\"></span>Globulus<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>per\u00edodo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>aproximadam<span class=\"_ _6\"></span>ente 3<span class=\"_ _6\"></span>5<span class=\"_ _15\"></span>-40 <span class=\"_ _6\"></span>a\u00f1os <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u00e1rbol rebrota <span class=\"_ _0\"></span>tras <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>corta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _0\"></span>eficiente <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>menos <span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>eces <span class=\"_ _0\"></span>tras <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>aprovechamiento. <span class=\"_ _0\"></span>En<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>sentido, <span class=\"_ _0\"></span>los costes <span class=\"_ _0\"></span>incurridos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>acti<span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>biol\u00f3gicos <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>agrup<span class=\"_ _6\"></span>an <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>dos <span class=\"_ _0\"></span>categor\u00edas; <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>ciclo, categor\u00eda  que  incluy<span class=\"_ _6\"></span>e  los  co<span class=\"_ _6\"></span>stes  incurrid<span class=\"_ _6\"></span>os,  principalmente  aso<span class=\"_ _6\"></span>ciados  al  p<span class=\"_ _6\"></span>roceso  de  plantaci\u00f3n<span class=\"_ _6\"></span>  y  que contribuir\u00e1n al <span class=\"_ _e\"></span>desarro<span class=\"_ _6\"></span>llo <span class=\"_ _1\"></span>del activo <span class=\"_ _e\"></span>biol\u00f3gico durante <span class=\"_ _e\"></span>el ciclo <span class=\"_ _1\"></span>completo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e 35-40 a\u00f1os, <span class=\"_ _e\"></span>y costes de <span class=\"_ _e\"></span>turno que son <span class=\"_ _6\"></span>aquellos qu<span class=\"_ _6\"></span>e contribuyen al <span class=\"_ _6\"></span>desarrollo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los activos <span class=\"_ _6\"></span>biol\u00f3gicos en <span class=\"_ _6\"></span>el turn<span class=\"_ _6\"></span>o en qu<span class=\"_ _6\"></span>e se encuentra<span class=\"_ _6\"></span>n has<span class=\"_ _6\"></span>ta el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>aprovechamiento<span class=\"_ _6\"></span>-corta. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>especie <span class=\"_ _0\"></span>Nitens <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>periodos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>turno <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ciclo coinciden <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>rango <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>11<span class=\"_ _6\"></span>-15 <span class=\"_ _11\"></span>a\u00f1os, <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>produ<span class=\"_ _6\"></span>cirse <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>rebro<span class=\"_ _6\"></span>te <span class=\"_ _0\"></span>eficiente, <span class=\"_ _11\"> </span>por <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>todos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>costes considerados en<span class=\"_ _6\"></span> su desarrollo son co<span class=\"_ _6\"></span>nsiderados costes<span class=\"_ _6\"></span> de turno. <span class=\"_ _6\"></span> En e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>momento <span class=\"_ _e\"></span>de la <span class=\"_ _e\"></span>recolec<span class=\"_ _6\"></span>ci\u00f3n del <span class=\"_ _e\"></span>vuelo forestal <span class=\"_ _e\"></span>se reduce <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>activo a <span class=\"_ _e\"></span>trav\u00e9s de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _1\"></span>\u201cActivos biol\u00f3gicos <span class=\"_ _15\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _15\"></span><span class=\"ff6\">agotamiento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>reserva <span class=\"_ _15\"></span>forestal\u201d <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ce <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>gasto <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cAgotamiento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la </span>reserva forestal\u201d del Estado <span class=\"_ _1\"></span>de Result<span class=\"ff4\">ado consolidado por el coste incurrido en<span class=\"_ _1\"></span> su producci\u00f3n. La <span class=\"_ _1\"></span>cuant\u00eda de </span>dicha <span class=\"_ _e\"></span>redu<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>corresponde <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>100% <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los costes <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>turn<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>incurrid<span class=\"_ _6\"></span>os, <span class=\"_ _e\"></span>as\u00ed <span class=\"_ _1\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>parte <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>roporcional de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>costes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ciclo, <span class=\"_ _15\"></span>estimada <span class=\"_ _15\"></span>considerando <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>n\u00famero <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>turnos <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>revistos <span class=\"_ _10\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ciclo. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _15\"></span>cuando el <span class=\"_ _0\"></span>vuelo <span class=\"_ _11\"></span>forestal <span class=\"_ _0\"></span>llega <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>final <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>ciclo <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>ductivo <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>baja <span class=\"_ _11\"> </span>\u00edntegramente <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>val<span class=\"_ _6\"></span>or <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>su agotamiento forestal acumula<span class=\"_ _6\"></span>do.<span class=\"_ _6\"></span> No existe un mercado a<span class=\"_ _6\"></span>ctivo del Eucalipto en E<span class=\"_ _6\"></span>spa\u00f1a, y las caracter\u00edsticas de las<span class=\"_ _6\"></span> transacciones que s<span class=\"_ _6\"></span>e llevan a  cabo  no <span class=\"_ _12\"> </span>h<span class=\"_ _6\"></span>an  permitido  hasta  la<span class=\"_ _1\"></span>  fecha  identificar  ref<span class=\"_ _1\"></span>erencias  de  precio  de  mercado  v\u00e1lidas  para <span class=\"_ _12\"> </span>su extrapolaci\u00f3n <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>patrimonio <span class=\"_ _15\"></span>forestal <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE. <span class=\"_ _15\"></span>Por <span class=\"_ _6\"></span>otra <span class=\"_ _6\"></span>parte, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>aplicaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>m\u00e9todos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>alternativos <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue plantea <span class=\"_ _12\"> </span>NIIF  13 <span class=\"_ _11\"> </span>para  determ<span class=\"_ _1\"></span>inar <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>valo<span class=\"_ _6\"></span>r <span class=\"_ _12\"> </span>razonable, <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>ha <span class=\"_ _12\"> </span>permitido  cuantificar <span class=\"_ _11\"> </span>con  fiabilidad <span class=\"_ _11\"> </span>el  valor<span class=\"_ _1\"></span> razonable <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>biol\u00f3gicos, <span class=\"_ _11\"></span>debido <span class=\"_ _0\"></span>entre <span class=\"_ _11\"></span>otros <span class=\"_ _0\"></span>factores, <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _11\"></span>asunciones <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>estim<span class=\"_ _6\"></span>aciones <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>se deben llevar a <span class=\"_ _6\"></span>cabo y al impac<span class=\"_ _6\"></span>to que las<span class=\"_ _6\"></span> mismas tien<span class=\"_ _6\"></span>en en los<span class=\"_ _6\"></span> resultados d<span class=\"_ _6\"></span>e la cuantificac<span class=\"_ _6\"></span>i\u00f3n. Por todo ello,<span class=\"_ _6\"></span> el Grupo no valo<span class=\"_ _6\"></span>ra sus activos biol\u00f3<span class=\"_ _6\"></span>gicos a valor ra<span class=\"_ _6\"></span>zonable.<span class=\"_ _6\"></span> ENCE ha desarrollado un modelo de valoraci\u00f3n de su patrimonio forestal a partir del <span class=\"_ _1\"></span>descuento de los flujos futuros <span class=\"_ _10\"></span>previstos, <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _10\"></span>considerad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>lo <span class=\"_ _15\"></span>suficientemente <span class=\"_ _15\"></span>fiabl<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>ser <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>tilizado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>valoraci\u00f3n <span class=\"_ _10\"></span>a valor razonable <span class=\"_ _1\"></span>de los<span class=\"_ _1\"></span> activos <span class=\"_ _e\"></span>biol\u00f3gico<span class=\"_ _6\"></span>s, si <span class=\"_ _e\"></span>b<span class=\"_ _6\"></span>ien, su <span class=\"_ _e\"></span>utilizaci\u00f3n consistente en <span class=\"_ _e\"></span>el tiempo <span class=\"_ _1\"></span>s\u00ed <span class=\"_ _1\"></span>permite <span class=\"_ _1\"></span>identificar<span class=\"_ _6\"></span> rangos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>tendencias<span class=\"_ _6\"></span> qu<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>e tienen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>consideraci\u00f3n <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>evalu<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>existencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>posibles <span class=\"_ _10\"></span>ind<span class=\"_ _6\"></span>icios <span class=\"_ _6\"></span>de deterioro de valor en los<span class=\"_ _6\"></span> activos b<span class=\"_ _6\"></span>iol\u00f3gicos.<span class=\"_ _33\"> </span>El <span class=\"_ _17\"> </span>valor <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>libros <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>activos <span class=\"_ _17\"> </span>biol\u00f3gicos <span class=\"_ _17\"> </span>recogido<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>las <span class=\"_ _17\"> </span>cuentas <span class=\"_ _17\"> </span>an<span class=\"_ _6\"></span>uales <span class=\"_ _17\"> </span>consolidadas <span class=\"_ _1c\"> </span>de <span class=\"_ _1e\"> </span>ENCE correspondientes <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>ejercicio <span class=\"_ _0\"></span>2024 <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>difiere <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ignificativa <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>razo<span class=\"_ _6\"></span>nable <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>resultar\u00eda <span class=\"_ _0\"></span>del ejercicio de valoraci\u00f3n realizado a partir del descuento de flujos futuros previstos, siguiendo la metodolog\u00eda descrita en la Nota<span class=\"_ _6\"></span> 3.5, y co<span class=\"_ _6\"></span>nsid<span class=\"_ _6\"></span>erando precios d<span class=\"_ _6\"></span>e venta d<span class=\"_ _6\"></span>e la madera a<span class=\"_ _15\"></span>lineado<span class=\"_ _6\"></span>s con los p<span class=\"_ _6\"></span>recios actuales d<span class=\"_ _6\"></span>e venta en <span class=\"_ _6\"></span>el cas<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>madera q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>tiene como <span class=\"_ _6\"></span>destino <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>venta <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>terceros, y <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>precio<span class=\"_ _15\"></span>s d<span class=\"_ _6\"></span>e compra <span class=\"_ _6\"></span>de las plantas d<span class=\"_ _6\"></span>e producci\u00f3n de celulosa en el cas<span class=\"_ _6\"></span>o de madera del pat<span class=\"_ _6\"></span>rimonio forestal con ese des<span class=\"_ _6\"></span>tino.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "3.5<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Deterioro de valo<span class=\"_ _1\"></span>r de activo<span class=\"_ _1\"></span>s no financieros </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>ENCE <span class=\"_ _6\"></span>revisa, <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>fecha <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>ejercicio, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sus <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>financieros, entre los <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se incluy<span class=\"_ _6\"></span>en los <span class=\"_ _6\"></span>activos<span class=\"_ _6\"></span> materiales, <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos po<span class=\"_ _6\"></span>r derecho <span class=\"_ _6\"></span>de us<span class=\"_ _6\"></span>o, el <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>de comercio <span class=\"_ _6\"></span>junto a <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>inta<span class=\"_ _6\"></span>ngibles, <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span><span class=\"ff6\">activos <span class=\"_ _10\"></span>biol\u00f3gicos, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>\u201cInversiones <span class=\"_ _10\"></span>contabilizadas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>m\u00e9todo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la </span>participaci\u00f3n\u201d <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>determinar <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _15\"></span>existe <span class=\"_ _15\"></span>alg\u00fan <span class=\"_ _15\"></span>indicio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>dichos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>hayan <span class=\"_ _15\"></span>sufrido <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _15\"></span>p\u00e9rdida <span class=\"_ _15\"></span>por deterioro, y <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or tanto <span class=\"_ _e\"></span>el valor <span class=\"_ _1\"></span>que se <span class=\"_ _e\"></span>esp<span class=\"_ _6\"></span>era recuperar <span class=\"_ _e\"></span>de su uso <span class=\"_ _e\"></span>o dispos<span class=\"_ _6\"></span>ici\u00f3n es <span class=\"_ _1\"></span>inferior <span class=\"_ _1\"></span>a su <span class=\"_ _1\"></span>valor e<span class=\"_ _1\"></span>n libros.<span class=\"_ _33\"> </span><span class=\"_ _1\"></span>  ENCE <span class=\"_ _18\"> </span>utiliza<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>tanto <span class=\"_ _1e\"> </span>fuentes <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>informaci\u00f3n <span class=\"_ _18\"> </span>internas<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>co<span class=\"_ _6\"></span>mo <span class=\"_ _18\"> </span>externas <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _18\"> </span>evaluar <span class=\"_ _1e\"> </span>posibles <span class=\"_ _18\"> </span>in<span class=\"_ _6\"></span>dicios <span class=\"_ _18\"> </span>de deterioro. <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>ntre <span class=\"_ _1a\"> </span>las  f<span class=\"_ _1\"></span>uentes <span class=\"_ _12\"> </span>externas<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>cons<span class=\"_ _6\"></span>ideran  di<span class=\"_ _1\"></span>sminuciones  del <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>de  mercado <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>siderando transacciones comparables, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>evoluci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>a futuro <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>celulosa <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _1\"></span>renovab<span class=\"_ _6\"></span>le, <span class=\"_ _e\"></span>posibles cambios <span class=\"_ _6\"></span>futu<span class=\"_ _6\"></span>ros <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>versos <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>entorno <span class=\"_ _15\"></span>legal, <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>con\u00f3mico <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tecno<span class=\"_ _6\"></span>l\u00f3gico <span class=\"_ _6\"></span>que<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>pud<span class=\"_ _6\"></span>ieran <span class=\"_ _6\"></span>pon<span class=\"_ _6\"></span>er <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>manifiesto una <span class=\"_ _11\"></span>p\u00e9rdida <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>valor <span class=\"_ _11\"> </span>recuperable <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _11\"> </span>activos, <span class=\"_ _11\"></span>mermas <span class=\"_ _0\"></span>sob<span class=\"_ _6\"></span>revenidas <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>producci\u00f3n <span class=\"_ _11\"></span>esperada <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>u<span class=\"_ _15\"></span><span class=\"ls14\">e<span class=\"_ _33\"> </span></span>persistan en el tiem<span class=\"_ _1\"></span>po, o la ev<span class=\"_ _1\"></span>oluci\u00f3n de variables macroecon\u00f3micas somo la inflaci\u00f3n <span class=\"_ _1\"></span>y los tipos <span class=\"_ _1\"></span>de inter\u00e9s. Por su parte, internamente s<span class=\"_ _6\"></span>e eval\u00faa si se ha produ<span class=\"_ _6\"></span>cido un deterioro f\u00edsico u obs<span class=\"_ _6\"></span>olescencia de los activ<span class=\"_ _6\"></span>os, o si el rendimiento del activo es<span class=\"_ _6\"></span> peor<span class=\"_ _6\"></span> de lo esperado<span class=\"_ _6\"></span>. En <span class=\"_ _12\"> </span>caso <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>existir <span class=\"_ _12\"> </span>indicios <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>deterioro,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>ll<span class=\"_ _6\"></span>eva <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cabo <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>na <span class=\"_ _12\"> </span>estimaci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>importe <span class=\"_ _12\"> </span>recuperable, <span class=\"_ _12\"> </span>para<span class=\"_ _6\"></span> determinar, en <span class=\"_ _e\"></span>su caso, <span class=\"_ _e\"></span>el importe <span class=\"_ _e\"></span>del deterioro. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _1\"></span>importe recuperable <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>mayor <span class=\"_ _1\"></span>entre el <span class=\"_ _e\"></span>valor razonable minorado p<span class=\"_ _6\"></span>or el <span class=\"_ _6\"></span>coste de su <span class=\"_ _6\"></span>venta y<span class=\"_ _6\"></span> el valo<span class=\"_ _6\"></span><span class=\"ff6\">r <span class=\"_ _6\"></span>\u201cen us<span class=\"_ _6\"></span>o\u201d. En el caso<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los fondos <span class=\"_ _6\"></span>de comercio <span class=\"_ _6\"></span>ENCE realiza <span class=\"_ _6\"></span>de </span>forma sistem\u00e1tica el an<span class=\"_ _6\"></span>\u00e1lisis de recuperabilidad al m<span class=\"_ _6\"></span>enos anualmente.<span class=\"_ _15\"></span> Los <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>\u201cen <span class=\"_ _15\"></span>uso\u201d se <span class=\"_ _6\"></span>determinan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>Unidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Generadora <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Efectivo <span class=\"_ _6\"></span>(UGE). <span class=\"_ _6\"></span>El <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>comercio adquirido en una <span class=\"_ _6\"></span>combinaci\u00f3n de negocios se distrib<span class=\"_ _6\"></span>uye entre cada una de las UGE que se benefician de las sinergias <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>combin<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>negoc<span class=\"_ _6\"></span>ios. <span class=\"_ _15\"></span>Con <span class=\"_ _15\"></span>ca<span class=\"_ _6\"></span>r\u00e1ct<span class=\"_ _6\"></span>er <span class=\"_ _15\"></span>general, <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>una <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaci<span class=\"_ _6\"></span>ones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el Grupo desarrolla s<span class=\"_ _6\"></span>u actividad es una <span class=\"_ _6\"></span>UGE.<span class=\"_ _33\"> </span>Para determinar el valor en u<span class=\"_ _6\"></span>so de los a<span class=\"_ _6\"></span>ctivos sometidos a test d<span class=\"_ _6\"></span>e deterioro, se estima el <span class=\"_ _6\"></span>valor actual d<span class=\"_ _6\"></span>e los flujos <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>etos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>caja <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>riginados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>UGE <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>aso<span class=\"_ _6\"></span>cian <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mismos, <span class=\"_ _15\"></span>exceptuan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>aq<span class=\"_ _6\"></span>uellos <span class=\"_ _6\"></span>flujos relacionados <span class=\"_ _11\"> </span>con <span class=\"_ _11\"> </span>pago<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>o <span class=\"_ _11\"> </span>cobros <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>oper<span class=\"_ _6\"></span>aciones <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>pago<span class=\"_ _6\"></span>s <span class=\"_ _11\"></span>por <span class=\"_ _11\"></span>el <span class=\"_ _11\"></span>impuesto <span class=\"_ _11\"></span>sobre <span class=\"_ _11\"> </span>los beneficios, as\u00ed como aqu<span class=\"_ _6\"></span>\u00e9llos que se deriven d<span class=\"_ _6\"></span>e mejoras o reformas futura<span class=\"_ _6\"></span>s previstas<span class=\"_ _6\"></span> para los activ<span class=\"_ _6\"></span>os de las citadas un<span class=\"_ _6\"></span>idades generadoras d<span class=\"_ _6\"></span>e efectivo.  Los <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>caja <span class=\"_ _15\"></span>estimados <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>obtienen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>yecciones <span class=\"_ _6\"></span>realizadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Direcci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cad<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> UGE, que en ge<span class=\"_ _1\"></span>neral utilizan periodos de 3-5 a\u00f1os, excepto cuando las caracter\u00edsticas del negocio <span class=\"_ _1\"></span>aconsejan periodos <span class=\"_ _15\"></span>superiores. <span class=\"_ _6\"></span>Las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tasas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>crecim<span class=\"_ _6\"></span>iento <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>var<span class=\"_ _6\"></span>iaciones <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>precios <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>costes <span class=\"_ _6\"></span>directos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>bas<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los compromisos contractuales <span class=\"_ _e\"></span>firmes, la <span class=\"_ _e\"></span>informaci\u00f3n p\u00fablica <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>isponible, as\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>previsiones sectoriales<span class=\"_ _1\"></span> y <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>experiencia <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>ENCE. <span class=\"_ _e\"></span>Adici<span class=\"_ _6\"></span>onalmente, <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>realizan <span class=\"_ _1\"></span>an\u00e1lisis <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>sens<span class=\"_ _6\"></span>ibilidad<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>relaci\u00f3n <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>crecimientos de <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>gresos, <span class=\"_ _11\"> </span>m\u00e1rgenes <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>explotaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>tasas <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>des<span class=\"_ _6\"></span>cuento, <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>fin <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>prever <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>impacto <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>futu<span class=\"_ _6\"></span>ros cambios en estas<span class=\"_ _6\"></span> variables (v<span class=\"_ _6\"></span>\u00e9ase Nota 19).  En <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>lantas de <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e ener<span class=\"_ _6\"></span>g\u00eda <span class=\"_ _6\"></span>renovable <span class=\"_ _6\"></span>encuadra<span class=\"_ _6\"></span>das <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ENCE<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Renovables, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>que se <span class=\"_ _e\"></span>puede <span class=\"_ _e\"></span>prever <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>cierto <span class=\"_ _e\"></span>gra<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>fiab<span class=\"_ _6\"></span>ilidad <span class=\"_ _e\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>flujos <span class=\"_ _e\"></span>tanto <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>fase <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>cons<span class=\"_ _6\"></span>trucci\u00f3n <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>explotaci\u00f3n (activos <span class=\"_ _18\"> </span>con  producci\u00f3n <span class=\"_ _18\"> </span>estable,  amplias<span class=\"_ _6\"></span>  s<span class=\"_ _6\"></span>eries  hist\u00f3<span class=\"_ _6\"></span>ricas  en <span class=\"_ _18\"> </span>la  informaci\u00f3n <span class=\"_ _18\"> </span>de  mercado <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>costes  de explotaci\u00f3n con<span class=\"_ _6\"></span> po<span class=\"_ _6\"></span>ca volat<span class=\"_ _6\"></span>ilidad), s<span class=\"_ _6\"></span>e realiza <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>proyecci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los flujo<span class=\"_ _6\"></span>s de <span class=\"_ _6\"></span>caj<span class=\"_ _15\"></span>a esp<span class=\"_ _6\"></span>erados <span class=\"_ _6\"></span>hasta<span class=\"_ _6\"></span> el <span class=\"_ _6\"></span>final de la vida <span class=\"_ _1\"></span>\u00fatil regulatoria <span class=\"_ _1\"></span>de cada planta, <span class=\"_ _1\"></span>y el <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r residual <span class=\"_ _1\"></span>no es significativo. <span class=\"_ _1\"></span>Por su <span class=\"_ _1\"></span>parte, las <span class=\"_ _1\"></span>proyecciones de flujos de caja esperados en ac<span class=\"_ _e\"></span>tiv<span class=\"_ _6\"></span>os biol\u00f3gicos abarcan un ciclo productivo que <span class=\"_ _1\"></span>puede alcanzar hasta 40 <span class=\"_ _1\"></span>a\u00f1os e <span class=\"ls0_1\">igualmente no s<span class=\"_ _6\"></span>e considera v<span class=\"_ _6\"></span>alor residual.<span class=\"_ _6\"></span> </span>Para <span class=\"_ _6\"></span>actualiz<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>flujos <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>efectivo <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>utiliza <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>tasa <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>descuento <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>incluye <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>evaluacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>actuales<span class=\"_ _6\"></span> del mercado sob<span class=\"_ _6\"></span>re el valor temporal del dinero y<span class=\"_ _6\"></span> los riesgos<span class=\"_ _6\"></span> espec\u00edficos de cada UGE.<span class=\"_ _33\"> </span>Si se <span class=\"_ _6\"></span>estima qu<span class=\"_ _6\"></span>e el importe <span class=\"_ _6\"></span>recuperable d<span class=\"_ _6\"></span>e un <span class=\"_ _6\"></span>activo es in<span class=\"_ _6\"></span>ferior a <span class=\"_ _6\"></span>su valor <span class=\"_ _6\"></span>en libros, \u00e9ste \u00fa<span class=\"_ _6\"></span>ltimo se <span class=\"_ _6\"></span>reduce a su <span class=\"_ _1e\"> </span>importe <span class=\"_ _1e\"> </span>recuperabl<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>reco<span class=\"_ _6\"></span>nociendo <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>minoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1e\"> </span>correspond<span class=\"_ _6\"></span>iente <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>tr<span class=\"_ _6\"></span>av\u00e9s <span class=\"_ _1e\"> </span>del <span class=\"_ _1e\"> </span>ep\u00edgraf<span class=\"_ _6\"></span>e \u201cDeterioros <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>resultados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>enajenaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inmovilizado\u201d <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Resultad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span><span class=\"ff4\">consolidad<span class=\"_ _6\"></span>o<span class=\"ls16\">. </span></span>Las p\u00e9rdidas<span class=\"_ _6\"></span> por deterioro son rev<span class=\"_ _6\"></span>ersibles, excepto las corres<span class=\"_ _6\"></span>pondientes a lo<span class=\"_ _6\"></span>s fondos de comercio.<span class=\"_ _15\"></span> Cuando <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>\u00e9rdida <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _10\"></span>revierte <span class=\"_ _0\"></span>posteriormente, <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>i<span class=\"_ _6\"></span>mporte <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>libros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>UGE <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>incrementa <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la estimaci\u00f3n revisada de su importe recuperable, pero de tal modo que <span class=\"_ _1\"></span>el importe en libros incrementado no supere <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>importe <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>libros <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>habr\u00eda <span class=\"_ _11\"></span>determinad<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>no <span class=\"_ _11\"> </span>haberse <span class=\"_ _11\"> </span>reconocido <span class=\"_ _11\"> </span>ninguna <span class=\"_ _11\"> </span>p\u00e9rdid<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>por<span class=\"_ _1\"></span> deterioro de valor par<span class=\"_ _6\"></span>a la UGE en ejercicios a<span class=\"_ _6\"></span>nteriores.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "3.6<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Arrendamientos </span>ENCE <span class=\"_ _15\"></span>act\u00faa <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>arrendat<span class=\"_ _6\"></span>ario <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>cesionario <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>eterminados <span class=\"_ _15\"></span>activos, <span class=\"_ _15\"></span>principa<span class=\"_ _6\"></span>lmente <span class=\"_ _15\"></span>suelo <span class=\"_ _15\"></span>industrial <span class=\"_ _15\"></span>y forestal, <span class=\"_ _10\"></span>equipamiento <span class=\"_ _10\"></span>industrial <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>veh\u00edculos<span class=\"_ _6\"></span>. <span class=\"_ _15\"></span>Un <span class=\"_ _10\"></span>contrato <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>tiene <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>arrendamiento, <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>ando <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>tiene <span class=\"_ _10\"></span>el derecho a dirigir el uso d<span class=\"_ _6\"></span>e un activo p<span class=\"_ _6\"></span>or un pe<span class=\"_ _6\"></span>riodo de tiemp<span class=\"_ _6\"></span>o a cambio de un<span class=\"_ _6\"></span>a contraprestaci\u00f3n.<span class=\"_ _6\"></span> Los <span class=\"_ _10\"></span>arrendamientos <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>recon<span class=\"_ _6\"></span>ocen <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>icio <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>arrendamie<span class=\"_ _6\"></span>nto, <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>activo <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>derecho <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>so <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el correspondiente pas<span class=\"_ _6\"></span>ivo por el valor pres<span class=\"_ _6\"></span>ente de las cuotas<span class=\"_ _6\"></span> de arrendamiento pendientes<span class=\"_ _6\"></span> de pago. <span class=\"_ _15\"></span> En <span class=\"_ _1c\"> </span>la <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>eterminaci\u00f3n <span class=\"_ _1c\"> </span>del <span class=\"_ _17\"> </span>plazo <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>arrendamiento, <span class=\"_ _1c\"> </span>se <span class=\"_ _17\"> </span>con<span class=\"_ _6\"></span>sidera <span class=\"_ _1c\"> </span>la <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>uraci\u00f3n <span class=\"_ _1c\"> </span>inicial <span class=\"_ _17\"> </span>del <span class=\"_ _1c\"> </span>contrato <span class=\"_ _1c\"> </span>de arrendamiento, as\u00ed como <span class=\"_ _1\"></span>las pr\u00f3rrogas que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e e<span class=\"_ _1\"></span>spera razonablemente que <span class=\"_ _1\"></span>se van <span class=\"_ _1\"></span>a producir <span class=\"_ _1\"></span>y cuyo <span class=\"_ _1\"></span>ejercicio es discrecional para <span class=\"_ _6\"></span>ENCE.  En <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>determinaci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>asivo <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>erecho <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>valor <span class=\"_ _12\"> </span>presente <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>cuotas <span class=\"_ _12\"> </span>de arrendamiento <span class=\"_ _e\"></span>pend<span class=\"_ _6\"></span>ientes <span class=\"_ _e\"></span>de pago, <span class=\"_ _e\"></span>menos <span class=\"_ _1\"></span>cualquier <span class=\"_ _e\"></span>incenti<span class=\"_ _6\"></span>vo <span class=\"_ _1\"></span>recibido <span class=\"_ _e\"></span>por e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>arrendami<span class=\"_ _6\"></span>ento, m<span class=\"_ _1\"></span>\u00e1s <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>pagos variables que dependen <span class=\"_ _e\"></span>de un \u00edndice o <span class=\"_ _e\"></span>tas<span class=\"_ _6\"></span>a, los <span class=\"_ _1\"></span>impo<span class=\"_ _6\"></span>rtes que se <span class=\"_ _1\"></span>espera pagar <span class=\"_ _1\"></span>por garant\u00eda de <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>alor residual, el  precio  de  la <span class=\"_ _12\"> </span>op<span class=\"_ _6\"></span>ci\u00f3n  de  compra  si  se  prev\u00e9  que <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e  ejerci<span class=\"_ _1\"></span>tar\u00e1  y  los  pagos  por  indemnizaciones  por cancelaci\u00f3n  de <span class=\"_ _18\"> </span>contrato,  sie<span class=\"_ _6\"></span>mpre  que  el  p<span class=\"_ _6\"></span>lazo  d<span class=\"_ _6\"></span>e  arrendamiento <span class=\"_ _18\"> </span>refleje  el  ej<span class=\"_ _6\"></span>ercicio  d<span class=\"_ _6\"></span>e  la  opci\u00f3n <span class=\"_ _18\"> </span>d<span class=\"_ _15\"></span><span class=\"ls15\">e </span>cancelaci\u00f3n. <span class=\"_ _6\"></span>Los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>agos <span class=\"_ _6\"></span>variables <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>cluido <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>inicial <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>pas<span class=\"_ _6\"></span>ivo, s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reconocen <span class=\"_ _6\"></span>en<span class=\"_ _6\"></span> resultados <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>ejercicio <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>devengo. <span class=\"_ _11\"> </span>La<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>cuotas <span class=\"_ _11\"> </span>son <span class=\"_ _11\"> </span>actualizadas<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>considerando <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>tasa <span class=\"_ _11\"></span>incremental <span class=\"_ _11\"></span>de endeudamiento <span class=\"_ _6\"></span>estimad<span class=\"_ _6\"></span>a, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>tend<span class=\"_ _6\"></span>r\u00eda <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>pagar <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>arrendatario <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>arrendamiento <span class=\"_ _6\"></span>por un pr\u00e9stamo s<span class=\"_ _6\"></span>imilar en cuanto a impo<span class=\"_ _6\"></span>rte, plazo y gara<span class=\"_ _6\"></span>nt\u00edas. <span class=\"_ _6\"></span> Tras <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>reconocim<span class=\"_ _6\"></span>iento <span class=\"_ _10\"></span>inicial, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _10\"></span>valora <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>pasivo <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>arrendamiento <span class=\"_ _10\"></span>increment\u00e1<span class=\"_ _6\"></span>ndolo <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>gasto financiero <span class=\"_ _11\"> </span>devengado, <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>isminuy\u00e9ndolo <span class=\"_ _11\"> </span>po<span class=\"_ _6\"></span>r <span class=\"_ _0\"></span>los <span class=\"_ _11\"> </span>pago<span class=\"_ _6\"></span>s <span class=\"_ _11\"></span>realizados <span class=\"_ _11\"></span>y <span class=\"_ _11\"></span>reestimando <span class=\"_ _11\"></span>el <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _11\"> </span>por <span class=\"_ _11\"></span>las modificaciones del arrend<span class=\"_ _6\"></span>amiento o p<span class=\"_ _6\"></span>ara reflejar las actualizacion<span class=\"_ _6\"></span>es de los pago<span class=\"_ _6\"></span>s fijos.<span class=\"_ _6\"></span> Por su<span class=\"_ _6\"></span> parte, <span class=\"_ _6\"></span>el activ<span class=\"_ _6\"></span>o por <span class=\"_ _6\"></span>el derecho d<span class=\"_ _6\"></span>e uso <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>valora <span class=\"_ _6\"></span>inicialmente al <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>resultante <span class=\"_ _6\"></span>de a<span class=\"_ _6\"></span>\u00f1adir <span class=\"_ _6\"></span>al valo<span class=\"_ _6\"></span>r del pasivo <span class=\"_ _6\"></span>por arrendamiento,<span class=\"_ _6\"></span> los p<span class=\"_ _6\"></span>agos <span class=\"_ _6\"></span>de incentivo<span class=\"_ _6\"></span>s liquidados <span class=\"_ _6\"></span>antes <span class=\"_ _6\"></span>del in<span class=\"_ _6\"></span>icio del <span class=\"_ _6\"></span>arrendamiento, los <span class=\"_ _6\"></span>costes directos <span class=\"_ _1e\"> </span>incurridos <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _18\"> </span>arrendamie<span class=\"_ _6\"></span>nto, <span class=\"_ _1e\"> </span>y <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>caso, <span class=\"_ _18\"> </span>la <span class=\"_ _1e\"> </span>estimaci\u00f3n <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>los <span class=\"_ _1e\"> </span>costes <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>incurrir <span class=\"_ _1e\"> </span>en <span class=\"_ _18\"> </span>el desmantelamiento <span class=\"_ _19\"> </span>del <span class=\"_ _1c\"> </span>act<span class=\"_ _6\"></span>ivo <span class=\"_ _1b\"> </span>(coste <span class=\"_ _19\"> </span>inicial). <span class=\"_ _1b\"> </span>Posteriormente, <span class=\"_ _19\"> </span>se <span class=\"_ _1b\"> </span>registra <span class=\"_ _1b\"> </span>al <span class=\"_ _1b\"> </span>valor <span class=\"_ _1b\"> </span>inicial, <span class=\"_ _1b\"> </span>menos<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span>la amortizaci\u00f3n <span class=\"_ _11\"> </span>acumulada <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>cualq<span class=\"_ _6\"></span>uier <span class=\"_ _11\"> </span>p\u00e9rdida <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>deterior<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>valor <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>acuerdo <span class=\"_ _11\"> </span>con <span class=\"_ _11\"> </span>NIC<span class=\"_ _15\"></span>-<span class=\"lse\">16</span>- <span class=\"_ _11\"> </span><span class=\"ls17\">Pro</span>piedad, planta y equ<span class=\"_ _6\"></span>ipo (v\u00e9anse Notas 3.2 y 3.5). <span class=\"_ _6\"></span> En la determinaci\u00f3n del gasto por amortizaci\u00f3n, los activos por <span class=\"_ _1\"></span>derechos de uso se amortizar\u00e1n linealmente en <span class=\"_ _15\"></span>su <span class=\"_ _10\"></span>vida <span class=\"_ _15\"></span>\u00fatil <span class=\"_ _10\"></span>estimada, <span class=\"_ _15\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>bien, <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>arrendami<span class=\"_ _6\"></span>ento, <span class=\"_ _15\"></span>si <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>\u00faltimo <span class=\"_ _10\"></span>es <span class=\"_ _15\"></span>menor. <span class=\"_ _10\"></span>Si <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>nsfiere <span class=\"_ _15\"></span>la propiedad <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>arrendatario <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>pr\u00e1cticam<span class=\"_ _6\"></span>ente <span class=\"_ _6\"></span>cierto <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>arrend<span class=\"_ _6\"></span>atario <span class=\"_ _6\"></span>ejercitar\u00e1 <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>op<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>compra, <span class=\"_ _6\"></span>se amortizar\u00e1 duran<span class=\"_ _6\"></span>te la vida \u00fatil del activo.<span class=\"_ _6\"></span> Los <span class=\"_ _6\"></span>pagos <span class=\"_ _6\"></span>asociados <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>arrendamientos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>corto p<span class=\"_ _6\"></span>lazo (inferiores <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>12 <span class=\"_ _6\"></span>meses) <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>ar<span class=\"_ _6\"></span>rendamientos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>activos de  escaso  v<span class=\"_ _6\"></span>alor  se  reconocen  d<span class=\"_ _6\"></span>irectamente  como  un<span class=\"_ _6\"></span>  gasto<span class=\"_ _6\"></span>  en  resultad<span class=\"_ _6\"></span>os  de  acuerdo  a <span class=\"_ _18\"> </span>su  devengo. Asimismo, las rentas<span class=\"_ _6\"></span> contingentes<span class=\"_ _6\"></span> sujetas a<span class=\"_ _6\"></span> la ocurrenci<span class=\"_ _6\"></span>a de u<span class=\"_ _6\"></span>n evento espec\u00ed<span class=\"_ _6\"></span>fico y las c<span class=\"_ _6\"></span>uotas var<span class=\"_ _6\"></span>iables que dependen de los ingresos o de<span class=\"_ _1\"></span>l uso del activo subyacente, residuales en<span class=\"_ _33\"> </span>los contratos sus<span class=\"_ _1\"></span>critos por ENCE, se registran <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>incurren,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgra<span class=\"_ _6\"></span>fe <span class=\"_ _10\"></span>\u201cS<span class=\"_ _6\"></span>ervicios <span class=\"_ _0\"></span>exteriores<span class=\"_ _15\"></span><span class=\"ff4\">-Arrendamie</span>ntos<span class=\"_ _6\"></span>\u201d <span class=\"_ _0\"></span>del Estado de Resultad<span class=\"_ _6\"></span>o consolidado en lu<span class=\"_ _6\"></span>gar de formar parte del pas<span class=\"_ _6\"></span>ivo del arrend<span class=\"_ _6\"></span>amiento.<span class=\"_ _6\"></span> ENCE <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ubarrienda <span class=\"_ _11\"></span>maquinaria <span class=\"_ _0\"></span>forestal <span class=\"_ _11\"></span>previamente <span class=\"_ _0\"></span>arrendada.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>En <span class=\"_ _11\"></span>estas <span class=\"_ _0\"></span>situaciones, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>analiza <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>i <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>han transferido <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ubarrendatario <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>beneficios <span class=\"_ _0\"></span>asociados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>subarriendo. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>esa situaci\u00f3n,  se  da <span class=\"_ _12\"> </span>de  baja  en <span class=\"_ _12\"> </span>cuentas  el <span class=\"_ _1a\"> </span>activo  por  derecho  de <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span>  se <span class=\"_ _12\"> </span>reconoce  un  activo <span class=\"_ _12\"> </span>financiero correspondiente a la in<span class=\"_ _6\"></span>versi\u00f3n neta en<span class=\"_ _6\"></span> el subarrendamiento.<span class=\"_ _33\"> </span>ENCE clasifica los activos por <span class=\"_ _e\"></span>derecho de uso atendiendo a la <span class=\"_ _1\"></span>naturaleza del activo arrendado, en <span class=\"_ _1\"></span>el ep\u00edgrafe<span class=\"_ _1\"></span> \u201cPropiedad,  planta  y <span class=\"_ _12\"> </span>equipo\u201d  del <span class=\"_ _12\"> </span>Esta<span class=\"_ _6\"></span>do  de <span class=\"_ _12\"> </span>Situaci\u00f3n  Financiera <span class=\"_ _1a\"> </span>consolidado,  y <span class=\"_ _12\"> </span>clas<span class=\"_ _6\"></span>ifica <span class=\"_ _12\"> </span>el  pasivo  por arrendamiento en el ep\u00edgrafe \u201cDeuda financi<span class=\"ff4\">era </span>\u2013<span class=\"ff4\"> </span>Otros pasivos financieros\u201d del pasivo a l<span class=\"_ _1\"></span>argo y corto plazo del Estado d<span class=\"_ _6\"></span>e Situaci\u00f3n Financiera conso<span class=\"_ _6\"></span>lidado.<span class=\"_ _6\"></span> Con <span class=\"_ _10\"></span>relaci\u00f3n <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>estado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>flujos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>efectivo, <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _10\"></span>registra <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>pagos <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>principal <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>contratos <span class=\"_ _10\"></span>de arrendamiento dentro <span class=\"_ _e\"></span>de los <span class=\"_ _e\"></span>\u201cFlujos neto <span class=\"_ _e\"></span>de e<span class=\"_ _1\"></span>fectivo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>actividades de <span class=\"_ _e\"></span>financiaci\u00f3n\u201d, as\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>registro<span class=\"_ _6\"></span> de <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>intereses <span class=\"_ _11\"> </span>relacionad<span class=\"_ _6\"></span>os <span class=\"_ _11\"> </span>con <span class=\"_ _12\"> </span>dic<span class=\"ff6\">hos <span class=\"_ _12\"> </span>contratos <span class=\"_ _11\"> </span>dentro <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _11\"> </span>\u201cFlujos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>netos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>efectivo<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>las </span>actividades d<span class=\"_ _6\"></span>e explotaci\u00f3n\u201d.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "3.7<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Activos y pasi<span class=\"_ _1\"></span>vos financiero<span class=\"_ _1\"></span>s </span>ENCE valora <span class=\"_ _e\"></span>y clasifica <span class=\"_ _e\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>instrumentos f<span class=\"_ _1\"></span>inancieros de <span class=\"_ _e\"></span>acue<span class=\"_ _6\"></span>rdo con <span class=\"_ _e\"></span>NIIF<span class=\"_ _6\"></span>-9 Instrumentos <span class=\"_ _1\"></span>Financieros. En <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>te sentido: Activos financieros En <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>momento <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>cimiento <span class=\"_ _6\"></span>inicial,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ENCE <span class=\"_ _15\"></span>valora <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>activo <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciero <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>razo<span class=\"_ _6\"></span>nable, <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e incluye <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>tran<span class=\"_ _6\"></span>sacci\u00f3n <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>s<span class=\"_ _6\"></span>ean <span class=\"_ _17\"> </span>directamente <span class=\"_ _17\"> </span>atribuibles <span class=\"_ _1c\"> </span>a <span class=\"_ _1e\"> </span>la <span class=\"_ _17\"> </span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _17\"> </span>del <span class=\"_ _17\"> </span>activo. Excepcionalmente, <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>costes  de  trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _18\"> </span>correspondientes <span class=\"_ _18\"> </span>a  activos <span class=\"_ _18\"> </span>financieros  valo<span class=\"_ _6\"></span>rados  a <span class=\"_ _18\"> </span>valor razonable con cambios<span class=\"_ _6\"></span> en resultad<span class=\"_ _6\"></span>os se imputan<span class=\"_ _6\"></span> directamente a resultados<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Con  posterioridad<span class=\"_ _6\"></span>  a  su  recon<span class=\"_ _6\"></span>ocimiento  inicial,  ENCE <span class=\"_ _18\"> </span>clasifica  sus  activ<span class=\"_ _6\"></span>os  financieros<span class=\"_ _6\"></span>  en  las  siguientes categor\u00edas; <span class=\"_ _e\"></span>1) <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>coste amortizado, <span class=\"_ _e\"></span>2) <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>valor <span class=\"_ _e\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cambios<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>resultados, <span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>bien, <span class=\"_ _e\"></span>3) <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _e\"></span>razonable con  cambios  e<span class=\"_ _1\"></span>n  otro <span class=\"_ _12\"> </span>resultado  global.  La  clasificaci\u00f3n <span class=\"_ _12\"> </span>depend<span class=\"_ _6\"></span>e  del <span class=\"_ _12\"> </span>modelo  de <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>egocio  de <span class=\"_ _1a\"> </span>ENCE  para gestionar los activ<span class=\"_ _6\"></span>os financieros y<span class=\"_ _6\"></span> los t\u00e9rminos contra<span class=\"_ _6\"></span>ctuales de los flujo<span class=\"_ _6\"></span>s de efectivo: <span class=\"_ _6\"></span> i.<span class=\"ff2 ls0_1\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Coste <span class=\"_ _0\"></span>amortizado <span class=\"_ _0\"></span>us<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>tipo <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>inter<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _0\"></span>efectivo: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasif<span class=\"_ _6\"></span>ican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _11\"></span>categor\u00eda <span class=\"_ _10\"></span>los </span></span>activos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e man<span class=\"_ _6\"></span>tienen <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cobro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e e<span class=\"_ _6\"></span>fectivo <span class=\"_ _6\"></span>previs<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>contrato,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>esos <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e efectivo representan s<span class=\"_ _6\"></span>\u00f3lo cobros d<span class=\"_ _6\"></span>e principal e inte<span class=\"_ _6\"></span>reses. <span class=\"_ _6\"></span> Una <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>p\u00e9rdida en <span class=\"_ _a\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _e\"></span>inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>valore <span class=\"_ _e\"></span>a coste <span class=\"_ _e\"></span>amortizado y <span class=\"_ _a\"></span>no sea <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>una re<span class=\"_ _1\"></span>laci\u00f3n<span class=\"_ _6\"></span> de cobertura se reconoce en el resu<span class=\"_ _6\"></span>ltado del ejercicio cuand<span class=\"_ _6\"></span>o el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _6\"></span> se reconocen como <span class=\"_ _1\"></span>ingresos financiero<span class=\"_ _6\"></span>s en el <span class=\"_ _1\"></span>Estado de Resultado cons<span class=\"_ _6\"></span>olidado d<span class=\"_ _6\"></span>e acuerdo a su devengo,<span class=\"_ _6\"></span> aplicando el m\u00e9todo del tipo d<span class=\"_ _6\"></span>e inter\u00e9s efectivo<span class=\"_ _6\"></span>.<span class=\"_ _15\"></span> En <span class=\"_ _12\"> </span>esta <span class=\"_ _11\"> </span>cat<span class=\"_ _6\"></span>egor\u00eda <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _11\"> </span>\u201cDeudores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>rar\u201d, <span class=\"_ _11\"> </span>\u201cOtra<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>inversiones financieras\u201d, <span class=\"_ _15\"></span>\u201cy <span class=\"_ _6\"></span>\u201cEfectivo <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _6\"></span>l\u00edqu<span class=\"_ _6\"></span>idos <span class=\"_ _6\"></span>equivalentes\u201d, <span class=\"_ _15\"></span>principalmente. <span class=\"_ _15\"></span>El <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cEfectivo <span class=\"_ _6\"></span>y otros <span class=\"_ _11\"> </span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"> </span>l\u00edquidos <span class=\"_ _12\"> </span>equivalentes\u201d <span class=\"_ _11\"> </span>recoge <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>aldos <span class=\"_ _12\"> </span><span class=\"ff4\">en <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>corto <span class=\"_ _11\"> </span>plazo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _6\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _6\"></span> sujetos a un riesgo d<span class=\"_ _6\"></span>e cambio de valor po<span class=\"_ _6\"></span>co significativo.<span class=\"_ _15\"></span> Las cuentas por <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>rar <span class=\"_ _1\"></span>a deudores <span class=\"_ _e\"></span>comerc<span class=\"_ _6\"></span>iales propias del <span class=\"_ _e\"></span>tr\u00e1fico habitual del <span class=\"_ _1\"></span>Grupo se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>su valor nominal, dado que su vencimiento es en ge<span class=\"_ _1\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _1\"></span>esperadas. En <span class=\"_ _e\"></span>este cap\u00edtulo <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>seguid<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>mod<span class=\"_ _6\"></span>elo <span class=\"_ _1\"></span>simplificado de <span class=\"_ _e\"></span>p\u00e9rdida esperada basado en la experiencia his<span class=\"_ _6\"></span>t\u00f3rica de p\u00e9rdidas<span class=\"_ _6\"></span> crediticias.<span class=\"_ _33\"> </span>ii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Valor <span class=\"_ _6\"></span>razon<span class=\"_ _6\"></span>able <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>resultados<span class=\"_ _6\"></span>: <span class=\"_ _6\"></span>dentro <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>categor\u00eda <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incluyen <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no </span></span>cumplen <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>condiciones <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>considerars<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cobertura <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>N<span class=\"_ _6\"></span>IIF <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _15\"></span>Ins<span class=\"_ _6\"></span>trumentos Financieros, los activos <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _1\"></span>que otras <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>ormas establezcan que <span class=\"_ _1\"></span>deben valorarse <span class=\"_ _e\"></span>a valor razonable con <span class=\"_ _6\"></span>cargo <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os, <span class=\"_ _6\"></span>tales como <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>contraprestacion<span class=\"_ _6\"></span>es contin<span class=\"_ _6\"></span>gentes <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>egocios y aquellos activ<span class=\"_ _6\"></span>os financieros que d<span class=\"_ _6\"></span>e valorarse de otra<span class=\"_ _6\"></span> forma generar\u00edan una as<span class=\"_ _6\"></span>imetr\u00eda contable.<span class=\"_ _33\"> </span>Los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roduzcan <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>impu<span class=\"_ _6\"></span>tan <span class=\"_ _15\"></span>cuando <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cen <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _17\"> </span>financieros\u201d, <span class=\"_ _17\"> </span>\u201cIngresos <span class=\"_ _17\"> </span>financieros\u201d <span class=\"_ _17\"> </span>o <span class=\"_ _17\"> </span>\u201cVariaci\u00f3n <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>valor <span class=\"_ _17\"> </span>razonable <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>instru<span class=\"_ _6\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _6\"></span> corresponda,<span class=\"_ _6\"></span> del Estado de Resu<span class=\"_ _6\"></span>ltado conso<span class=\"_ _6\"></span><span class=\"ff4\">lida<span class=\"_ _6\"></span>do. </span>En el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de particip<span class=\"_ _6\"></span>aciones en <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es no <span class=\"_ _6\"></span>cotizadas<span class=\"_ _6\"></span>, poco <span class=\"_ _15\"></span>relevantes<span class=\"_ _6\"></span>, dad<span class=\"_ _6\"></span>o qu<span class=\"_ _6\"></span>e el valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able no <span class=\"_ _15\"></span>siempre <span class=\"_ _15\"></span>es <span class=\"_ _15\"></span>posible <span class=\"_ _15\"></span>determinarlo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>forma <span class=\"_ _15\"></span>fiabl<span class=\"_ _6\"></span>e, <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>valoran <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _15\"></span>corregido<span class=\"_ _6\"></span> por las evidencias<span class=\"_ _6\"></span> de deterioro que p<span class=\"_ _6\"></span>udieran existir.<span class=\"_ _6\"></span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>irectamente <span class=\"_ _0\"></span>atribuibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _6\"></span> gasto en el Estad<span class=\"_ _6\"></span>o de Resultado co<span class=\"_ _6\"></span>nsolidado a medida <span class=\"_ _6\"></span>que se incurre en ellos.<span class=\"_ _33\"> </span><span class=\"_ _15\"></span> iii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Activos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>cambios <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>otro <span class=\"_ _15\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>global: <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>tiene <span class=\"_ _10\"></span>activos </span></span>clasificados en esta ca<span class=\"_ _6\"></span>tegor\u00eda.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Durante <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _0\"></span>reclasificaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>las categor\u00edas definidas en lo<span class=\"_ _6\"></span>s p\u00e1rrafos previos<span class=\"_ _6\"></span>. Las compras y<span class=\"_ _6\"></span> ventas de activos finan<span class=\"_ _6\"></span>cieros se contab<span class=\"_ _6\"></span>ilizan utilizando la fecha d<span class=\"_ _6\"></span>e negociaci\u00f3n. <span class=\"_ _15\"></span> Deterioros de valor-<span class=\"_ _6\"></span> ENCE ev<span class=\"_ _6\"></span>al\u00faa s<span class=\"_ _6\"></span>obre un<span class=\"_ _6\"></span>a base <span class=\"_ _6\"></span>prospectiva <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>cr\u00e9dito esp<span class=\"_ _6\"></span>eradas d<span class=\"_ _6\"></span>e sus<span class=\"_ _6\"></span> activos v<span class=\"_ _6\"></span>alorados <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>coste amortizado. En es<span class=\"_ _6\"></span>te sentido, ENCE a<span class=\"_ _6\"></span>plica el enfoque gener<span class=\"_ _6\"></span>al de c\u00e1lculo de la p<span class=\"_ _6\"></span>\u00e9rdida esperada <span class=\"_ _6\"></span>a sus a<span class=\"_ _6\"></span>ctivos financieros a <span class=\"_ _1\"></span>largo plazo, excepto <span class=\"_ _1\"></span>los saldos comerciales <span class=\"_ _e\"></span>y otras<span class=\"_ _6\"></span> cuentas <span class=\"_ _1\"></span>a cobrar <span class=\"_ _1\"></span>sin componente <span class=\"_ _1\"></span>financiero<span class=\"_ _6\"></span> significativo para <span class=\"_ _6\"></span>los que aplica un enfoq<span class=\"_ _6\"></span>ue simplificado.<span class=\"_ _6\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"_ _6\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo que el riesgo de cr\u00e9dito se h<span class=\"_ _6\"></span>aya in<span class=\"_ _6\"></span>crementado de forma s<span class=\"_ _6\"></span>ignificativa desde s<span class=\"_ _6\"></span>u reconocimiento inicial.<span class=\"_ _15\"></span> Bajo <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>enfoqu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>implificado, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>consideran las <span class=\"_ _e\"></span>p\u00e9rdidas cre<span class=\"_ _1\"></span>diticias e<span class=\"_ _1\"></span>speradas durante <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>vida <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivo. <span class=\"_ _e\"></span> Este<span class=\"_ _1\"></span> modelo <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>lleva <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>cabo <span class=\"_ _11\"> </span>teniendo <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>consideraci\u00f3n <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>client<span class=\"_ _6\"></span>e, <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>cobertura <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>seguro <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>cr\u00e9dito<span class=\"_ _6\"></span> disponible, <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>experien<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>hist<span class=\"_ _6\"></span>\u00f3rica <span class=\"_ _e\"></span>referente <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ries<span class=\"_ _6\"></span>go <span class=\"_ _e\"></span>crediticio <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>\u00faltimos <span class=\"_ _e\"></span>cin<span class=\"_ _6\"></span>co <span class=\"_ _e\"></span>a\u00f1os. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>modelo<span class=\"_ _33\"> </span>incorpora <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>umbral <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>180 <span class=\"_ _10\"></span>d\u00edas <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>mora <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>ideraci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _10\"></span>un impago <span class=\"_ _1\"></span>definitivo. <span class=\"_ _1\"></span>Estos criterios <span class=\"_ _e\"></span>son aplicados <span class=\"_ _e\"></span>en au<span class=\"_ _1\"></span>sencia d<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>otra<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>evidencias objetivas de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>incumplimiento, como <span class=\"_ _e\"></span>puedan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ser <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>cursales, <span class=\"_ _1\"></span>etc. <span class=\"_ _e\"></span>En <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>ejercicios 2024 <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _e\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _e\"></span>registra<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>importes<span class=\"_ _6\"></span> significativos po<span class=\"_ _6\"></span>r este concepto en el Es<span class=\"_ _6\"></span>tado de Resulta<span class=\"_ _6\"></span>do consolidado.<span class=\"_ _6\"></span> Las <span class=\"_ _6\"></span>dotacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>reversiones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>correcciones <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>rativas <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sald<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>comerciales <span class=\"_ _6\"></span>a cobrar <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cDeterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>sobre <span class=\"_ _10\"></span>activos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Res<span class=\"_ _6\"></span>ultado consolidado.<span class=\"_ _33\"> </span>Registro de bajas <span class=\"_ _6\"></span>- El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>reconoce <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>baja <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>expiran <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cedido <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>derechos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>los flujos <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>efectivo <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>correspo<span class=\"_ _6\"></span>ndiente <span class=\"_ _15\"></span>activo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>financiero <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>han <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>nsferido <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ustancialmente <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>riesgos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y beneficios inherentes a su propiedad. La baja de un activo fi<span class=\"_ _1\"></span>nanciero implica el <span class=\"_ _1\"></span>reconoci<span class=\"_ _6\"></span>miento en el Estado de Resultado consolidado de l<span class=\"_ _1\"></span>a diferencia e<span class=\"_ _1\"></span>xistente entre su valor contable y<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>suma de la<span class=\"_ _1\"></span> contraprestaci\u00f3n recibida, <span class=\"_ _1\"></span>neta <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>gastos de <span class=\"_ _e\"></span>la transacci\u00f3n, <span class=\"_ _1\"></span>incluy\u00e9ndose los <span class=\"_ _e\"></span>activos obtenidos o <span class=\"_ _1\"></span>pasivos <span class=\"_ _1\"></span>asumidos y <span class=\"_ _e\"></span>cualquier p\u00e9rdida o ganan<span class=\"_ _6\"></span>cia diferida en otro resu<span class=\"_ _6\"></span>ltado global.<span class=\"_ _6\"></span> En <span class=\"_ _12\"> </span>este <span class=\"_ _12\"> </span>sentido, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>necesidad<span class=\"_ _6\"></span>es <span class=\"_ _12\"> </span>coyun<span class=\"_ _6\"></span>turales <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _12\"> </span>realiza <span class=\"_ _12\"> </span>cesiones <span class=\"_ _12\"> </span>de<span class=\"_ _6\"></span> cr\u00e9ditos <span class=\"_ _e\"></span>de cli<span class=\"_ _1\"></span>entes <span class=\"_ _e\"></span>a e<span class=\"_ _1\"></span>ntidade<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieras <span class=\"_ _e\"></span>(factoring) <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>pod<span class=\"_ _6\"></span>r\u00e1 <span class=\"_ _e\"></span>llevar <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>cabo titulizaciones <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>. <span class=\"_ _e\"></span>En e<span class=\"_ _1\"></span>stas<span class=\"_ _33\"> </span>cesiones <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>derechos <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cobro<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>tra<span class=\"_ _6\"></span>nsmiten <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>ustancialmente <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>riesgos <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>b<span class=\"_ _6\"></span>eneficios <span class=\"_ _11\"> </span>inh<span class=\"_ _6\"></span>erentes <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>las cuentas <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>cobrar, <span class=\"_ _0\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>control <span class=\"_ _0\"></span>sobre <span class=\"_ _11\"></span>\u00e9stas, <span class=\"_ _0\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>existan <span class=\"_ _0\"></span>pactos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>recompra <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>uscritos <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>las entidades <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cr\u00e9dito <span class=\"_ _10\"></span>(cesiones <span class=\"_ _10\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>recurs<span class=\"_ _6\"></span>o). <span class=\"_ _10\"></span>Consecu<span class=\"_ _6\"></span>entemente, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>criterios <span class=\"_ _10\"></span>establecidos por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>NIIF, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>dan <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e b<span class=\"_ _6\"></span>aja del <span class=\"_ _6\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Situaci\u00f3n <span class=\"_ _6\"></span>Finan<span class=\"_ _6\"></span>ciera cons<span class=\"_ _6\"></span>olidado <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>saldos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cobrar <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>ores vendidos en la<span class=\"_ _6\"></span>s condiciones indicadas<span class=\"_ _6\"></span>. Por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>trario, <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>baja <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>financieros, <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>reconoce <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _0\"></span>financiero <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>un importe <span class=\"_ _10\"></span>igual <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>contraprestaci\u00f3n <span class=\"_ _0\"></span>recibida, <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>cesiones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>retenga sustancialmente los<span class=\"_ _6\"></span> riesgos y beneficios inh<span class=\"_ _6\"></span>erentes<span class=\"_ _6\"></span> a su p<span class=\"_ _6\"></span>ropiedad.<span class=\"_ _33\"> </span>Pasivos financieros <span class=\"_ _6\"></span> Son <span class=\"_ _6\"></span>pasivos <span class=\"_ _6\"></span>financieros <span class=\"_ _6\"></span>aq<span class=\"_ _6\"></span>uellos <span class=\"_ _6\"></span>d\u00e9bitos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>partidas <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>pagar que <span class=\"_ _6\"></span>tiene <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han <span class=\"_ _6\"></span>originado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la compra de <span class=\"_ _e\"></span>bi<span class=\"_ _6\"></span>enes y <span class=\"_ _1\"></span>servicios por operaciones de <span class=\"_ _e\"></span>tr\u00e1<span class=\"_ _6\"></span>fico de la <span class=\"_ _1\"></span>empresa, o <span class=\"_ _1\"></span>tambi\u00e9n aquellos que, sin <span class=\"_ _1\"></span>tener un origen <span class=\"_ _10\"></span>comercial, <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>pu<span class=\"_ _6\"></span>eden <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>er <span class=\"_ _10\"></span>consider<span class=\"_ _6\"></span>ados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span>rivados, <span class=\"_ _0\"></span>principalmente, deudas con en<span class=\"_ _6\"></span>tidades de cr\u00e9dito, bon<span class=\"_ _6\"></span>os emitidos, etc.<span class=\"_ _6\"></span> ENCE <span class=\"_ _10\"></span>clasifica <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>pasivos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>siguientes <span class=\"_ _10\"></span>categor\u00edas, <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>posteriorid<span class=\"_ _6\"></span>ad <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>recono<span class=\"_ _6\"></span>cimiento inicial; 1) <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>amortizado, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2) <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>cambios <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>resulta<span class=\"_ _6\"></span>dos. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>esta \u00fa<span class=\"_ _6\"></span>ltima <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>se recogen b<span class=\"_ _6\"></span>\u00e1sicamente <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>traprestacio<span class=\"_ _6\"></span>nes <span class=\"_ _6\"></span>contin<span class=\"_ _6\"></span>gentes qu<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>puedan <span class=\"_ _6\"></span>originar <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e negocios, <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>instrumentos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _10\"></span>designados <span class=\"_ _0\"></span>como <span class=\"_ _15\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>de cobertura de acuerdo co<span class=\"_ _6\"></span>n NIIF 9 <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> Instrumentos<span class=\"_ _6\"></span> Financiero<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>ENCE da <span class=\"_ _e\"></span>de baja <span class=\"_ _e\"></span>un pasivo <span class=\"_ _e\"></span>financiero o <span class=\"_ _e\"></span>una parte <span class=\"_ _e\"></span>del mismo <span class=\"_ _e\"></span>cuand<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>ha cumplido <span class=\"_ _e\"></span>con la <span class=\"_ _e\"></span>obligaci\u00f3n contenida en el pasivo o b<span class=\"_ _6\"></span>ien est\u00e9 legalmente dispensad<span class=\"_ _6\"></span>o de la respon<span class=\"_ _6\"></span>sabilidad p<span class=\"_ _6\"></span>rincipal contenida en el pas<span class=\"_ _6\"></span>ivo.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Obligaciones, bo<span class=\"_ _6\"></span>nos y deudas con<span class=\"_ _6\"></span> entidades de c<span class=\"_ _6\"></span>r\u00e9dito<span class=\"_ _33\"> </span><span class=\"_ _6\"></span>- Los p<span class=\"_ _6\"></span>r\u00e9stamos, <span class=\"_ _6\"></span>obligaciones <span class=\"_ _6\"></span>y s<span class=\"_ _6\"></span>imilares se <span class=\"_ _6\"></span>registran <span class=\"_ _6\"></span>inicialmente <span class=\"_ _6\"></span>a v<span class=\"_ _6\"></span>alor razo<span class=\"_ _6\"></span>nable, v<span class=\"_ _6\"></span>alor q<span class=\"_ _6\"></span>ue normalm<span class=\"_ _6\"></span>ente coincide con el efectiv<span class=\"_ _6\"></span>o recibido, n<span class=\"_ _6\"></span>eto de los cos<span class=\"_ _6\"></span>tes incurridos en la t<span class=\"_ _6\"></span>ransacci\u00f3n. En p<span class=\"_ _6\"></span>eriodos posteriores, la totalidad de estas d<span class=\"_ _6\"></span>eudas se valora a <span class=\"_ _6\"></span>su coste amortizado, utilizando el m\u00e9tod<span class=\"_ _6\"></span>o del tipo de inter\u00e9s efectivo.<span class=\"_ _33\"> </span>Los gastos finan<span class=\"_ _6\"></span>cieros as\u00ed como los costes d<span class=\"_ _6\"></span>e estructuraci\u00f3n, se registran<span class=\"_ _6\"></span> seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"_ _6\"></span>o consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo del in<span class=\"_ _6\"></span>ter\u00e9s efectivo.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span>  En <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>b<span class=\"_ _6\"></span>onos <span class=\"_ _10\"></span>convertibles, <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>analiza <span class=\"_ _10\"></span>si <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>trata <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>instrumentos <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cieros compuestos, o <span class=\"_ _a\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>contrario, <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>trata <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>un <span class=\"_ _e\"></span>pasivo. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n de <span class=\"_ _a\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _e\"></span>financieros<span class=\"_ _6\"></span> compuestos <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>compon<span class=\"_ _6\"></span>entes <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>pasivo <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>atrimonio, <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>componente <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>patrimonio <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>etermina <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>el importe residual que s<span class=\"_ _6\"></span>e obtiene, d<span class=\"_ _6\"></span>espu\u00e9s de dedu<span class=\"_ _6\"></span>cir del valor razon<span class=\"_ _6\"></span>able del instrumento<span class=\"_ _6\"></span> en su<span class=\"_ _6\"></span> conjunto, el importe del componente de pasivo. Por su parte, el componente de pasivo se determina estim<span class=\"_ _15\"></span>ando el valor razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>instrumento <span class=\"_ _12\"> </span>similar <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>fecha <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>emis<span class=\"_ _6\"></span>i\u00f3n, <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>no<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>lleve <span class=\"_ _12\"> </span>aso<span class=\"_ _6\"></span>ciado <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>componente <span class=\"_ _12\"> </span>de patrimonio. <span class=\"_ _17\"> </span>Los <span class=\"_ _1c\"> </span>costes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _17\"> </span>relacionados<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>con <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>e<span class=\"_ _6\"></span>misi\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _1c\"> </span>instrumentos <span class=\"_ _17\"> </span>finan<span class=\"_ _6\"></span>cieros compuestos <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>distribuyen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>valo<span class=\"_ _15\"></span>r <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _10\"></span>relativo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cada <span class=\"_ _0\"></span>uno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>componentes <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el momento de la clasificaci\u00f3n.<span class=\"_ _33\"> </span> <span class=\"_ _15\"></span> Las <span class=\"_ _11\"></span>operaciones <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>refinan<span class=\"_ _6\"></span>ciaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>financiera <span class=\"_ _0\"></span>se<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>contabilizan <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>cancelaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>asivo<span class=\"_ _6\"></span> financiero original y el reconocimiento de un nuevo pasivo financiero, siempre que los instrumentos tengan condiciones <span class=\"_ _0\"></span>su<span class=\"_ _6\"></span>stancialmente <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>iferentes. <span class=\"_ _0\"></span>Esto <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>produce <span class=\"_ _0\"></span>cu<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>act<span class=\"_ _6\"></span>ual <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>efectivo descontados<span class=\"_ _6\"></span> bajo <span class=\"_ _1\"></span>las nuevas <span class=\"_ _e\"></span>cond<span class=\"_ _6\"></span>iciones, incluyendo cualquier <span class=\"_ _e\"></span>com<span class=\"_ _6\"></span>isi\u00f3n pagada neta <span class=\"_ _1\"></span>de cualquier <span class=\"_ _e\"></span>comisi\u00f3n<span class=\"_ _6\"></span> recibida, y utilizando para hacer el <span class=\"_ _1\"></span>descuento el tipo de inter\u00e9s efectivo original, difiere al menos en un 10% del valor actual descontado de los flujos de <span class=\"_ _1\"></span>efectivo que todav\u00eda resten del pasivo financiero original. Por <span class=\"_ _1\"></span>su parte, <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>costes <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>estructuraci\u00f3n <span class=\"_ _12\"> </span>pendientes <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>imputar <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>resulta<span class=\"_ _6\"></span>dos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _12\"> </span>cancelada <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e imputan \u00edntegramente a <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os en el momento de la ca<span class=\"_ _6\"></span>ncelaci\u00f3n.<span class=\"_ _33\"> </span>Si la operaci\u00f3n de<span class=\"_ _1\"></span> refinanciaci\u00f3n no cumple <span class=\"_ _1\"></span>los criterios descritos para <span class=\"_ _1\"></span>registrarse como una cancelaci\u00f3n del<span class=\"_ _e\"></span> pasivo <span class=\"_ _17\"> </span>financiero <span class=\"_ _17\"> </span>original, <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>flujos <span class=\"_ _17\"> </span>modificados <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>descu<span class=\"_ _6\"></span>entan <span class=\"_ _1e\"> </span>al <span class=\"_ _17\"> </span>tipo <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>inter\u00e9s <span class=\"_ _17\"> </span>efectivo <span class=\"_ _17\"> </span>original,<span class=\"_ _6\"></span> reconociendo <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>resultados <span class=\"_ _11\"></span>cualquier <span class=\"_ _0\"></span>difere<span class=\"_ _6\"></span>ncia <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _11\"> </span>contable <span class=\"_ _0\"></span>prev<span class=\"_ _6\"></span>io. <span class=\"_ _0\"></span>Los<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>gastos <span class=\"_ _11\"></span>financieros, <span class=\"_ _0\"></span>as\u00ed como <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estru<span class=\"_ _6\"></span>cturaci\u00f3n, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>registran <span class=\"_ _0\"></span>seg\u00fan<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>devengo <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>Resultado consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo d<span class=\"_ _6\"></span>el inter\u00e9s efectivo.<span class=\"_ _6\"></span> La recompras de instrumentos de deuda im<span class=\"_ _1\"></span>plica que la deuda queda e<span class=\"_ _1\"></span>xtinguida, incluso en el <span class=\"_ _1\"></span>caso de que <span class=\"_ _1\"></span>el emisor intente revenderlo en <span class=\"_ _6\"></span>un futu<span class=\"_ _6\"></span>ro inmediato.<span class=\"_ _6\"></span> Acreedores com<span class=\"_ _6\"></span>erciales y otras cuen<span class=\"_ _6\"></span>tas a pagar<span class=\"_ _6\"></span>- Los <span class=\"_ _12\"> </span>acreedores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>pagar <span class=\"_ _12\"> </span>derivados <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>op<span class=\"_ _6\"></span>eraciones <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>son <span class=\"_ _12\"> </span>pasivos financieros <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>mayor <span class=\"_ _e\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>resentan <span class=\"_ _e\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>corto <span class=\"_ _1\"></span>plazo <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>devengan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>intereses. <span class=\"_ _e\"></span>Esto<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>saldos se registran inicialment<span class=\"_ _6\"></span>e a su valor razon<span class=\"_ _6\"></span>able y<span class=\"_ _6\"></span> posteriormente a s<span class=\"_ _6\"></span>u coste amortizad<span class=\"_ _6\"></span>o.<span class=\"_ _33\"> </span>El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"_ _1\"></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\"></span>en la <span class=\"_ _1\"></span>partida de <span class=\"ff6\">\u201cAcreedores comerciales y <span class=\"_ _e\"></span>otras<span class=\"_ _6\"></span> cuentas <span class=\"_ _1\"></span>a pagar\u201d, y <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>clasifican en </span>el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"_ _1\"></span>xplotaci\u00f3n, en la medida en que <span class=\"_ _1\"></span>ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"_ _1\"></span> las e<span class=\"_ _1\"></span>ntidades financieras, manteni\u00e9ndose como obliga<span class=\"_ _6\"></span>do primario al pago de las<span class=\"_ _1\"></span> deudas frente <span class=\"_ _1\"></span>a lo<span class=\"_ _1\"></span>s acreedores <span class=\"_ _e\"></span>comerciales (confirming sin <span class=\"_ _1\"></span>recurso). En <span class=\"_ _e\"></span>caso de <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue el <span class=\"_ _e\"></span>obligado primario <span class=\"_ _1\"></span>sea una entidad fin<span class=\"_ _6\"></span>anciera, estas cesiones s<span class=\"_ _6\"></span>e tratan como deud<span class=\"_ _6\"></span>as con entid<span class=\"_ _6\"></span>ades de cr\u00e9dito.<span class=\"_ _33\"> </span><span class=\"_ _15\"></span> Instrumento<span class=\"_ _6\"></span>s de Patrimonio Un  instrumento  de <span class=\"_ _12\"> </span>patri<span class=\"_ _6\"></span>monio  representa  una <span class=\"_ _12\"> </span>particip<span class=\"_ _6\"></span>aci\u00f3n  residual  en <span class=\"_ _12\"> </span>el  patrimonio  de  la <span class=\"_ _12\"> </span>So<span class=\"_ _6\"></span>ciedad<span class=\"_ _6\"></span> Dominante, una v<span class=\"_ _6\"></span>ez deducidos t<span class=\"_ _6\"></span>odos sus pas<span class=\"_ _6\"></span>ivos. Los <span class=\"_ _15\"></span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span>capital <span class=\"_ _15\"></span>emitidos <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>patrimonio <span class=\"_ _15\"></span>neto <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>importe <span class=\"_ _15\"></span>recibido, neto de los gas<span class=\"_ _6\"></span>tos de emisi\u00f3n.<span class=\"_ _33\"> </span>Las acciones p<span class=\"_ _6\"></span>ropias que adquiere ENCE se registran a su coste de ad<span class=\"_ _6\"></span>quisici\u00f3n, y se presentan minorando el patrimonio neto. Los resu<span class=\"_ _6\"></span>ltados derivados de la compra, venta, emisi\u00f3n o amortizaci\u00f3n de los<span class=\"_ _6\"></span> instrumentos del <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>atrimonio <span class=\"_ _10\"></span>propio <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>reconocen <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>irectamente <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>patrimonio <span class=\"_ _10\"></span>neto, <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>in <span class=\"_ _15\"></span>que <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>ning\u00fan <span class=\"_ _10\"></span>caso <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>registre resultado algun<span class=\"_ _6\"></span>o en el Estado de Resultado<span class=\"_ _6\"></span> consolidado<span class=\"_ _6\"></span>. La <span class=\"_ _10\"></span>amortizaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>accion<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>NCE, <span class=\"_ _10\"></span>da <span class=\"_ _0\"></span>lugar <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _10\"></span>reducci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>capital <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>importe <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>nominal <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> dichas acciones y la diferencia positiva o negativa entre el <span class=\"_ _1\"></span>precio de adquisici\u00f3n y el nominal de las acciones se carga o abon<span class=\"_ _6\"></span>a a cuentas de reservas<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Los <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ividendos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>resultado <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>ejercicio, <span class=\"_ _6\"></span>as\u00ed <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>dividendos <span class=\"_ _15\"></span>complementarios <span class=\"_ _15\"></span>pagados <span class=\"_ _6\"></span>por ENCE minoran el Patrimon<span class=\"_ _6\"></span>io Neto en el mo<span class=\"_ _6\"></span>mento de su ap<span class=\"_ _6\"></span>robaci\u00f3n.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "Activos financieros En <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>momento <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>cimiento <span class=\"_ _6\"></span>inicial,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ENCE <span class=\"_ _15\"></span>valora <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>activo <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciero <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>razo<span class=\"_ _6\"></span>nable, <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e incluye <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>tran<span class=\"_ _6\"></span>sacci\u00f3n <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>s<span class=\"_ _6\"></span>ean <span class=\"_ _17\"> </span>directamente <span class=\"_ _17\"> </span>atribuibles <span class=\"_ _1c\"> </span>a <span class=\"_ _1e\"> </span>la <span class=\"_ _17\"> </span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _17\"> </span>del <span class=\"_ _17\"> </span>activo. Excepcionalmente, <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>costes  de  trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _18\"> </span>correspondientes <span class=\"_ _18\"> </span>a  activos <span class=\"_ _18\"> </span>financieros  valo<span class=\"_ _6\"></span>rados  a <span class=\"_ _18\"> </span>valor razonable con cambios<span class=\"_ _6\"></span> en resultad<span class=\"_ _6\"></span>os se imputan<span class=\"_ _6\"></span> directamente a resultados<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Con  posterioridad<span class=\"_ _6\"></span>  a  su  recon<span class=\"_ _6\"></span>ocimiento  inicial,  ENCE <span class=\"_ _18\"> </span>clasifica  sus  activ<span class=\"_ _6\"></span>os  financieros<span class=\"_ _6\"></span>  en  las  siguientes categor\u00edas; <span class=\"_ _e\"></span>1) <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>coste amortizado, <span class=\"_ _e\"></span>2) <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>valor <span class=\"_ _e\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cambios<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>resultados, <span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>bien, <span class=\"_ _e\"></span>3) <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _e\"></span>razonable con  cambios  e<span class=\"_ _1\"></span>n  otro <span class=\"_ _12\"> </span>resultado  global.  La  clasificaci\u00f3n <span class=\"_ _12\"> </span>depend<span class=\"_ _6\"></span>e  del <span class=\"_ _12\"> </span>modelo  de <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>egocio  de <span class=\"_ _1a\"> </span>ENCE  para gestionar los activ<span class=\"_ _6\"></span>os financieros y<span class=\"_ _6\"></span> los t\u00e9rminos contra<span class=\"_ _6\"></span>ctuales de los flujo<span class=\"_ _6\"></span>s de efectivo: <span class=\"_ _6\"></span> i.<span class=\"ff2 ls0_1\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Coste <span class=\"_ _0\"></span>amortizado <span class=\"_ _0\"></span>us<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>tipo <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>inter<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _0\"></span>efectivo: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasif<span class=\"_ _6\"></span>ican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _11\"></span>categor\u00eda <span class=\"_ _10\"></span>los </span></span>activos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e man<span class=\"_ _6\"></span>tienen <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cobro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e e<span class=\"_ _6\"></span>fectivo <span class=\"_ _6\"></span>previs<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>contrato,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>esos <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e efectivo representan s<span class=\"_ _6\"></span>\u00f3lo cobros d<span class=\"_ _6\"></span>e principal e inte<span class=\"_ _6\"></span>reses. <span class=\"_ _6\"></span> Una <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>p\u00e9rdida en <span class=\"_ _a\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _e\"></span>inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>valore <span class=\"_ _e\"></span>a coste <span class=\"_ _e\"></span>amortizado y <span class=\"_ _a\"></span>no sea <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>una re<span class=\"_ _1\"></span>laci\u00f3n<span class=\"_ _6\"></span> de cobertura se reconoce en el resu<span class=\"_ _6\"></span>ltado del ejercicio cuand<span class=\"_ _6\"></span>o el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _6\"></span> se reconocen como <span class=\"_ _1\"></span>ingresos financiero<span class=\"_ _6\"></span>s en el <span class=\"_ _1\"></span>Estado de Resultado cons<span class=\"_ _6\"></span>olidado d<span class=\"_ _6\"></span>e acuerdo a su devengo,<span class=\"_ _6\"></span> aplicando el m\u00e9todo del tipo d<span class=\"_ _6\"></span>e inter\u00e9s efectivo<span class=\"_ _6\"></span>.<span class=\"_ _15\"></span> En <span class=\"_ _12\"> </span>esta <span class=\"_ _11\"> </span>cat<span class=\"_ _6\"></span>egor\u00eda <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _11\"> </span>\u201cDeudores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>rar\u201d, <span class=\"_ _11\"> </span>\u201cOtra<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>inversiones financieras\u201d, <span class=\"_ _15\"></span>\u201cy <span class=\"_ _6\"></span>\u201cEfectivo <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _6\"></span>l\u00edqu<span class=\"_ _6\"></span>idos <span class=\"_ _6\"></span>equivalentes\u201d, <span class=\"_ _15\"></span>principalmente. <span class=\"_ _15\"></span>El <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cEfectivo <span class=\"_ _6\"></span>y otros <span class=\"_ _11\"> </span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"> </span>l\u00edquidos <span class=\"_ _12\"> </span>equivalentes\u201d <span class=\"_ _11\"> </span>recoge <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>aldos <span class=\"_ _12\"> </span><span class=\"ff4\">en <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>corto <span class=\"_ _11\"> </span>plazo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _6\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _6\"></span> sujetos a un riesgo d<span class=\"_ _6\"></span>e cambio de valor po<span class=\"_ _6\"></span>co significativo.<span class=\"_ _15\"></span> Las cuentas por <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>rar <span class=\"_ _1\"></span>a deudores <span class=\"_ _e\"></span>comerc<span class=\"_ _6\"></span>iales propias del <span class=\"_ _e\"></span>tr\u00e1fico habitual del <span class=\"_ _1\"></span>Grupo se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>su valor nominal, dado que su vencimiento es en ge<span class=\"_ _1\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _1\"></span>esperadas. En <span class=\"_ _e\"></span>este cap\u00edtulo <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>seguid<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>mod<span class=\"_ _6\"></span>elo <span class=\"_ _1\"></span>simplificado de <span class=\"_ _e\"></span>p\u00e9rdida esperada basado en la experiencia his<span class=\"_ _6\"></span>t\u00f3rica de p\u00e9rdidas<span class=\"_ _6\"></span> crediticias.<span class=\"_ _33\"> </span>ii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Valor <span class=\"_ _6\"></span>razon<span class=\"_ _6\"></span>able <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>resultados<span class=\"_ _6\"></span>: <span class=\"_ _6\"></span>dentro <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>categor\u00eda <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incluyen <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no </span></span>cumplen <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>condiciones <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>considerars<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cobertura <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>N<span class=\"_ _6\"></span>IIF <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _15\"></span>Ins<span class=\"_ _6\"></span>trumentos Financieros, los activos <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _1\"></span>que otras <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>ormas establezcan que <span class=\"_ _1\"></span>deben valorarse <span class=\"_ _e\"></span>a valor razonable con <span class=\"_ _6\"></span>cargo <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os, <span class=\"_ _6\"></span>tales como <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>contraprestacion<span class=\"_ _6\"></span>es contin<span class=\"_ _6\"></span>gentes <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>egocios y aquellos activ<span class=\"_ _6\"></span>os financieros que d<span class=\"_ _6\"></span>e valorarse de otra<span class=\"_ _6\"></span> forma generar\u00edan una as<span class=\"_ _6\"></span>imetr\u00eda contable.<span class=\"_ _33\"> </span>Los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roduzcan <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>impu<span class=\"_ _6\"></span>tan <span class=\"_ _15\"></span>cuando <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cen <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _17\"> </span>financieros\u201d, <span class=\"_ _17\"> </span>\u201cIngresos <span class=\"_ _17\"> </span>financieros\u201d <span class=\"_ _17\"> </span>o <span class=\"_ _17\"> </span>\u201cVariaci\u00f3n <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>valor <span class=\"_ _17\"> </span>razonable <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>instru<span class=\"_ _6\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _6\"></span> corresponda,<span class=\"_ _6\"></span> del Estado de Resu<span class=\"_ _6\"></span>ltado conso<span class=\"_ _6\"></span><span class=\"ff4\">lida<span class=\"_ _6\"></span>do. </span>En el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de particip<span class=\"_ _6\"></span>aciones en <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es no <span class=\"_ _6\"></span>cotizadas<span class=\"_ _6\"></span>, poco <span class=\"_ _15\"></span>relevantes<span class=\"_ _6\"></span>, dad<span class=\"_ _6\"></span>o qu<span class=\"_ _6\"></span>e el valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able no <span class=\"_ _15\"></span>siempre <span class=\"_ _15\"></span>es <span class=\"_ _15\"></span>posible <span class=\"_ _15\"></span>determinarlo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>forma <span class=\"_ _15\"></span>fiabl<span class=\"_ _6\"></span>e, <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>valoran <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _15\"></span>corregido<span class=\"_ _6\"></span> por las evidencias<span class=\"_ _6\"></span> de deterioro que p<span class=\"_ _6\"></span>udieran existir.<span class=\"_ _6\"></span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>irectamente <span class=\"_ _0\"></span>atribuibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _6\"></span> gasto en el Estad<span class=\"_ _6\"></span>o de Resultado co<span class=\"_ _6\"></span>nsolidado a medida <span class=\"_ _6\"></span>que se incurre en ellos.<span class=\"_ _33\"> </span>iii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Activos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>cambios <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>otro <span class=\"_ _15\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>global: <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>tiene <span class=\"_ _10\"></span>activos </span></span>clasificados en esta ca<span class=\"_ _6\"></span>tegor\u00eda.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Durante <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _0\"></span>reclasificaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>las categor\u00edas definidas en lo<span class=\"_ _6\"></span>s p\u00e1rrafos previos<span class=\"_ _6\"></span>. Las compras y<span class=\"_ _6\"></span> ventas de activos finan<span class=\"_ _6\"></span>cieros se contab<span class=\"_ _6\"></span>ilizan utilizando la fecha d<span class=\"_ _6\"></span>e negociaci\u00f3n. <span class=\"_ _15\"></span> Deterioros de valor-<span class=\"_ _6\"></span> ENCE ev<span class=\"_ _6\"></span>al\u00faa s<span class=\"_ _6\"></span>obre un<span class=\"_ _6\"></span>a base <span class=\"_ _6\"></span>prospectiva <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>cr\u00e9dito esp<span class=\"_ _6\"></span>eradas d<span class=\"_ _6\"></span>e sus<span class=\"_ _6\"></span> activos v<span class=\"_ _6\"></span>alorados <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>coste amortizado. En es<span class=\"_ _6\"></span>te sentido, ENCE a<span class=\"_ _6\"></span>plica el enfoque gener<span class=\"_ _6\"></span>al de c\u00e1lculo de la p<span class=\"_ _6\"></span>\u00e9rdida esperada <span class=\"_ _6\"></span>a sus a<span class=\"_ _6\"></span>ctivos financieros a <span class=\"_ _1\"></span>largo plazo, excepto <span class=\"_ _1\"></span>los saldos comerciales <span class=\"_ _e\"></span>y otras<span class=\"_ _6\"></span> cuentas <span class=\"_ _1\"></span>a cobrar <span class=\"_ _1\"></span>sin componente <span class=\"_ _1\"></span>financiero<span class=\"_ _6\"></span> significativo para <span class=\"_ _6\"></span>los que aplica un enfoq<span class=\"_ _6\"></span>ue simplificado.<span class=\"_ _6\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"_ _6\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo que el riesgo de cr\u00e9dito se h<span class=\"_ _6\"></span>aya in<span class=\"_ _6\"></span>crementado de forma s<span class=\"_ _6\"></span>ignificativa desde s<span class=\"_ _6\"></span>u reconocimiento inicial.<span class=\"_ _15\"></span> Bajo <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>enfoqu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>implificado, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>consideran las <span class=\"_ _e\"></span>p\u00e9rdidas cre<span class=\"_ _1\"></span>diticias e<span class=\"_ _1\"></span>speradas durante <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>vida <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivo. <span class=\"_ _e\"></span> Este<span class=\"_ _1\"></span> modelo <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>lleva <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>cabo <span class=\"_ _11\"> </span>teniendo <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>consideraci\u00f3n <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>client<span class=\"_ _6\"></span>e, <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>cobertura <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>seguro <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>cr\u00e9dito<span class=\"_ _6\"></span> disponible, <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>experien<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>hist<span class=\"_ _6\"></span>\u00f3rica <span class=\"_ _e\"></span>referente <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ries<span class=\"_ _6\"></span>go <span class=\"_ _e\"></span>crediticio <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>\u00faltimos <span class=\"_ _e\"></span>cin<span class=\"_ _6\"></span>co <span class=\"_ _e\"></span>a\u00f1os. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>modelo<span class=\"_ _33\"> </span>incorpora <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>umbral <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>180 <span class=\"_ _10\"></span>d\u00edas <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>mora <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>ideraci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _10\"></span>un impago <span class=\"_ _1\"></span>definitivo. <span class=\"_ _1\"></span>Estos criterios <span class=\"_ _e\"></span>son aplicados <span class=\"_ _e\"></span>en au<span class=\"_ _1\"></span>sencia d<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>otra<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>evidencias objetivas de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>incumplimiento, como <span class=\"_ _e\"></span>puedan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ser <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>cursales, <span class=\"_ _1\"></span>etc. <span class=\"_ _e\"></span>En <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>ejercicios 2024 <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _e\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _e\"></span>registra<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>importes<span class=\"_ _6\"></span> significativos po<span class=\"_ _6\"></span>r este concepto en el Es<span class=\"_ _6\"></span>tado de Resulta<span class=\"_ _6\"></span>do consolidado.<span class=\"_ _6\"></span> Las <span class=\"_ _6\"></span>dotacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>reversiones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>correcciones <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>rativas <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sald<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>comerciales <span class=\"_ _6\"></span>a cobrar <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cDeterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>sobre <span class=\"_ _10\"></span>activos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Res<span class=\"_ _6\"></span>ultado consolidado.<span class=\"_ _33\"> </span>Registro de bajas <span class=\"_ _6\"></span>- El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>reconoce <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>baja <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>expiran <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cedido <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>derechos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>los flujos <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>efectivo <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>correspo<span class=\"_ _6\"></span>ndiente <span class=\"_ _15\"></span>activo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>financiero <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>han <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>nsferido <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ustancialmente <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>riesgos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y beneficios inherentes a su propiedad. La baja de un activo fi<span class=\"_ _1\"></span>nanciero implica el <span class=\"_ _1\"></span>reconoci<span class=\"_ _6\"></span>miento en el Estado de Resultado consolidado de l<span class=\"_ _1\"></span>a diferencia e<span class=\"_ _1\"></span>xistente entre su valor contable y<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>suma de la<span class=\"_ _1\"></span> contraprestaci\u00f3n recibida, <span class=\"_ _1\"></span>neta <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>gastos de <span class=\"_ _e\"></span>la transacci\u00f3n, <span class=\"_ _1\"></span>incluy\u00e9ndose los <span class=\"_ _e\"></span>activos obtenidos o <span class=\"_ _1\"></span>pasivos <span class=\"_ _1\"></span>asumidos y <span class=\"_ _e\"></span>cualquier p\u00e9rdida o ganan<span class=\"_ _6\"></span>cia diferida en otro resu<span class=\"_ _6\"></span>ltado global.<span class=\"_ _6\"></span> En <span class=\"_ _12\"> </span>este <span class=\"_ _12\"> </span>sentido, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>necesidad<span class=\"_ _6\"></span>es <span class=\"_ _12\"> </span>coyun<span class=\"_ _6\"></span>turales <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _12\"> </span>realiza <span class=\"_ _12\"> </span>cesiones <span class=\"_ _12\"> </span>de<span class=\"_ _6\"></span> cr\u00e9ditos <span class=\"_ _e\"></span>de cli<span class=\"_ _1\"></span>entes <span class=\"_ _e\"></span>a e<span class=\"_ _1\"></span>ntidade<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieras <span class=\"_ _e\"></span>(factoring) <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>pod<span class=\"_ _6\"></span>r\u00e1 <span class=\"_ _e\"></span>llevar <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>cabo titulizaciones <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>. <span class=\"_ _e\"></span>En e<span class=\"_ _1\"></span>stas<span class=\"_ _33\"> </span>cesiones <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>derechos <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cobro<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>tra<span class=\"_ _6\"></span>nsmiten <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>ustancialmente <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>riesgos <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>b<span class=\"_ _6\"></span>eneficios <span class=\"_ _11\"> </span>inh<span class=\"_ _6\"></span>erentes <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>las cuentas <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>cobrar, <span class=\"_ _0\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>control <span class=\"_ _0\"></span>sobre <span class=\"_ _11\"></span>\u00e9stas, <span class=\"_ _0\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>existan <span class=\"_ _0\"></span>pactos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>recompra <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>uscritos <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>las entidades <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cr\u00e9dito <span class=\"_ _10\"></span>(cesiones <span class=\"_ _10\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>recurs<span class=\"_ _6\"></span>o). <span class=\"_ _10\"></span>Consecu<span class=\"_ _6\"></span>entemente, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>criterios <span class=\"_ _10\"></span>establecidos por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>NIIF, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>dan <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e b<span class=\"_ _6\"></span>aja del <span class=\"_ _6\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Situaci\u00f3n <span class=\"_ _6\"></span>Finan<span class=\"_ _6\"></span>ciera cons<span class=\"_ _6\"></span>olidado <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>saldos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cobrar <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>ores vendidos en la<span class=\"_ _6\"></span>s condiciones indicadas<span class=\"_ _6\"></span>. Por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>trario, <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>baja <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>financieros, <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>reconoce <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _0\"></span>financiero <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>un importe <span class=\"_ _10\"></span>igual <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>contraprestaci\u00f3n <span class=\"_ _0\"></span>recibida, <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>cesiones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>retenga sustancialmente los<span class=\"_ _6\"></span> riesgos y beneficios inh<span class=\"_ _6\"></span>erentes<span class=\"_ _6\"></span> a su p<span class=\"_ _6\"></span>ropiedad.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-579": {
   "value": "i.<span class=\"ff2 ls0_1\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Coste <span class=\"_ _0\"></span>amortizado <span class=\"_ _0\"></span>us<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>tipo <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>inter<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _0\"></span>efectivo: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasif<span class=\"_ _6\"></span>ican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _11\"></span>categor\u00eda <span class=\"_ _10\"></span>los </span></span>activos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e man<span class=\"_ _6\"></span>tienen <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cobro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e e<span class=\"_ _6\"></span>fectivo <span class=\"_ _6\"></span>previs<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>contrato,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>esos <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e efectivo representan s<span class=\"_ _6\"></span>\u00f3lo cobros d<span class=\"_ _6\"></span>e principal e inte<span class=\"_ _6\"></span>reses. <span class=\"_ _6\"></span> Una <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>p\u00e9rdida en <span class=\"_ _a\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _e\"></span>inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>valore <span class=\"_ _e\"></span>a coste <span class=\"_ _e\"></span>amortizado y <span class=\"_ _a\"></span>no sea <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>una re<span class=\"_ _1\"></span>laci\u00f3n<span class=\"_ _6\"></span> de cobertura se reconoce en el resu<span class=\"_ _6\"></span>ltado del ejercicio cuand<span class=\"_ _6\"></span>o el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _6\"></span> se reconocen como <span class=\"_ _1\"></span>ingresos financiero<span class=\"_ _6\"></span>s en el <span class=\"_ _1\"></span>Estado de Resultado cons<span class=\"_ _6\"></span>olidado d<span class=\"_ _6\"></span>e acuerdo a su devengo,<span class=\"_ _6\"></span> aplicando el m\u00e9todo del tipo d<span class=\"_ _6\"></span>e inter\u00e9s efectivo<span class=\"_ _6\"></span>.<span class=\"_ _15\"></span> En <span class=\"_ _12\"> </span>esta <span class=\"_ _11\"> </span>cat<span class=\"_ _6\"></span>egor\u00eda <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _11\"> </span>\u201cDeudores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>rar\u201d, <span class=\"_ _11\"> </span>\u201cOtra<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>inversiones financieras\u201d, <span class=\"_ _15\"></span>\u201cy <span class=\"_ _6\"></span>\u201cEfectivo <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _6\"></span>l\u00edqu<span class=\"_ _6\"></span>idos <span class=\"_ _6\"></span>equivalentes\u201d, <span class=\"_ _15\"></span>principalmente. <span class=\"_ _15\"></span>El <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cEfectivo <span class=\"_ _6\"></span>y otros <span class=\"_ _11\"> </span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"> </span>l\u00edquidos <span class=\"_ _12\"> </span>equivalentes\u201d <span class=\"_ _11\"> </span>recoge <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>aldos <span class=\"_ _12\"> </span><span class=\"ff4\">en <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>corto <span class=\"_ _11\"> </span>plazo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _6\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _6\"></span> sujetos a un riesgo d<span class=\"_ _6\"></span>e cambio de valor po<span class=\"_ _6\"></span>co significativo.<span class=\"_ _15\"></span> Las cuentas por <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>rar <span class=\"_ _1\"></span>a deudores <span class=\"_ _e\"></span>comerc<span class=\"_ _6\"></span>iales propias del <span class=\"_ _e\"></span>tr\u00e1fico habitual del <span class=\"_ _1\"></span>Grupo se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>su valor nominal, dado que su vencimiento es en ge<span class=\"_ _1\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _1\"></span>esperadas. En <span class=\"_ _e\"></span>este cap\u00edtulo <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>seguid<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>mod<span class=\"_ _6\"></span>elo <span class=\"_ _1\"></span>simplificado de <span class=\"_ _e\"></span>p\u00e9rdida esperada basado en la experiencia his<span class=\"_ _6\"></span>t\u00f3rica de p\u00e9rdidas<span class=\"_ _6\"></span> crediticias.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-599": {
   "value": "i.<span class=\"ff2 ls0_1\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Coste <span class=\"_ _0\"></span>amortizado <span class=\"_ _0\"></span>us<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>tipo <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>inter<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _0\"></span>efectivo: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasif<span class=\"_ _6\"></span>ican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _11\"></span>categor\u00eda <span class=\"_ _10\"></span>los </span></span>activos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e man<span class=\"_ _6\"></span>tienen <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cobro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e e<span class=\"_ _6\"></span>fectivo <span class=\"_ _6\"></span>previs<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>contrato,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>esos <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e efectivo representan s<span class=\"_ _6\"></span>\u00f3lo cobros d<span class=\"_ _6\"></span>e principal e inte<span class=\"_ _6\"></span>reses. <span class=\"_ _6\"></span> Una <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>p\u00e9rdida en <span class=\"_ _a\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _e\"></span>inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>valore <span class=\"_ _e\"></span>a coste <span class=\"_ _e\"></span>amortizado y <span class=\"_ _a\"></span>no sea <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>una re<span class=\"_ _1\"></span>laci\u00f3n<span class=\"_ _6\"></span> de cobertura se reconoce en el resu<span class=\"_ _6\"></span>ltado del ejercicio cuand<span class=\"_ _6\"></span>o el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _6\"></span> se reconocen como <span class=\"_ _1\"></span>ingresos financiero<span class=\"_ _6\"></span>s en el <span class=\"_ _1\"></span>Estado de Resultado cons<span class=\"_ _6\"></span>olidado d<span class=\"_ _6\"></span>e acuerdo a su devengo,<span class=\"_ _6\"></span> aplicando el m\u00e9todo del tipo d<span class=\"_ _6\"></span>e inter\u00e9s efectivo<span class=\"_ _6\"></span>.<span class=\"_ _15\"></span> En <span class=\"_ _12\"> </span>esta <span class=\"_ _11\"> </span>cat<span class=\"_ _6\"></span>egor\u00eda <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _11\"> </span>\u201cDeudores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>rar\u201d, <span class=\"_ _11\"> </span>\u201cOtra<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>inversiones financieras\u201d, <span class=\"_ _15\"></span>\u201cy <span class=\"_ _6\"></span>\u201cEfectivo <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _6\"></span>l\u00edqu<span class=\"_ _6\"></span>idos <span class=\"_ _6\"></span>equivalentes\u201d, <span class=\"_ _15\"></span>principalmente. <span class=\"_ _15\"></span>El <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cEfectivo <span class=\"_ _6\"></span>y otros <span class=\"_ _11\"> </span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"> </span>l\u00edquidos <span class=\"_ _12\"> </span>equivalentes\u201d <span class=\"_ _11\"> </span>recoge <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>aldos <span class=\"_ _12\"> </span><span class=\"ff4\">en <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>corto <span class=\"_ _11\"> </span>plazo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _6\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _6\"></span> sujetos a un riesgo d<span class=\"_ _6\"></span>e cambio de valor po<span class=\"_ _6\"></span>co significativo.<span class=\"_ _15\"></span> Las cuentas por <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>rar <span class=\"_ _1\"></span>a deudores <span class=\"_ _e\"></span>comerc<span class=\"_ _6\"></span>iales propias del <span class=\"_ _e\"></span>tr\u00e1fico habitual del <span class=\"_ _1\"></span>Grupo se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>su valor nominal, dado que su vencimiento es en ge<span class=\"_ _1\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _1\"></span>esperadas. En <span class=\"_ _e\"></span>este cap\u00edtulo <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>seguid<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>mod<span class=\"_ _6\"></span>elo <span class=\"_ _1\"></span>simplificado de <span class=\"_ _e\"></span>p\u00e9rdida esperada basado en la experiencia his<span class=\"_ _6\"></span>t\u00f3rica de p\u00e9rdidas<span class=\"_ _6\"></span> crediticias.<span class=\"_ _33\"> </span>ii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Valor <span class=\"_ _6\"></span>razon<span class=\"_ _6\"></span>able <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>resultados<span class=\"_ _6\"></span>: <span class=\"_ _6\"></span>dentro <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>categor\u00eda <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incluyen <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no </span></span>cumplen <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>condiciones <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>considerars<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cobertura <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>N<span class=\"_ _6\"></span>IIF <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _15\"></span>Ins<span class=\"_ _6\"></span>trumentos Financieros, los activos <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _1\"></span>que otras <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>ormas establezcan que <span class=\"_ _1\"></span>deben valorarse <span class=\"_ _e\"></span>a valor razonable con <span class=\"_ _6\"></span>cargo <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os, <span class=\"_ _6\"></span>tales como <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>contraprestacion<span class=\"_ _6\"></span>es contin<span class=\"_ _6\"></span>gentes <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>egocios y aquellos activ<span class=\"_ _6\"></span>os financieros que d<span class=\"_ _6\"></span>e valorarse de otra<span class=\"_ _6\"></span> forma generar\u00edan una as<span class=\"_ _6\"></span>imetr\u00eda contable.<span class=\"_ _33\"> </span>Los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roduzcan <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>impu<span class=\"_ _6\"></span>tan <span class=\"_ _15\"></span>cuando <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cen <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _17\"> </span>financieros\u201d, <span class=\"_ _17\"> </span>\u201cIngresos <span class=\"_ _17\"> </span>financieros\u201d <span class=\"_ _17\"> </span>o <span class=\"_ _17\"> </span>\u201cVariaci\u00f3n <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>valor <span class=\"_ _17\"> </span>razonable <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>instru<span class=\"_ _6\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _6\"></span> corresponda,<span class=\"_ _6\"></span> del Estado de Resu<span class=\"_ _6\"></span>ltado conso<span class=\"_ _6\"></span><span class=\"ff4\">lida<span class=\"_ _6\"></span>do. </span>En el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de particip<span class=\"_ _6\"></span>aciones en <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es no <span class=\"_ _6\"></span>cotizadas<span class=\"_ _6\"></span>, poco <span class=\"_ _15\"></span>relevantes<span class=\"_ _6\"></span>, dad<span class=\"_ _6\"></span>o qu<span class=\"_ _6\"></span>e el valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able no <span class=\"_ _15\"></span>siempre <span class=\"_ _15\"></span>es <span class=\"_ _15\"></span>posible <span class=\"_ _15\"></span>determinarlo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>forma <span class=\"_ _15\"></span>fiabl<span class=\"_ _6\"></span>e, <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>valoran <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _15\"></span>corregido<span class=\"_ _6\"></span> por las evidencias<span class=\"_ _6\"></span> de deterioro que p<span class=\"_ _6\"></span>udieran existir.<span class=\"_ _6\"></span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>irectamente <span class=\"_ _0\"></span>atribuibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _6\"></span> gasto en el Estad<span class=\"_ _6\"></span>o de Resultado co<span class=\"_ _6\"></span>nsolidado a medida <span class=\"_ _6\"></span>que se incurre en ellos.<span class=\"_ _33\"> </span>Los in<span class=\"_ _6\"></span>gresos por <span class=\"_ _6\"></span>intereses se <span class=\"_ _6\"></span>reconocen siguiend<span class=\"_ _6\"></span>o un <span class=\"_ _6\"></span>criterio finan<span class=\"_ _6\"></span>ciero, en <span class=\"_ _6\"></span>funci\u00f3n <span class=\"_ _6\"></span>del principal <span class=\"_ _6\"></span>pendiente de pago, el plazo h<span class=\"_ _6\"></span>asta el vencimiento, y<span class=\"_ _6\"></span> el tipo de inter\u00e9s efectiv<span class=\"_ _6\"></span>o aplicable.<span class=\"_ _33\"> </span>Los <span class=\"_ _0\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _11\"></span>a <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>devengo. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e reconoce un gasto d<span class=\"_ _6\"></span>e forma inmediata cu<span class=\"_ _6\"></span>ando no s<span class=\"_ _6\"></span>e prev\u00e9 que genere beneficios econ<span class=\"_ _6\"></span>\u00f3micos futuros<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-591": {
   "value": "i.<span class=\"ff2 ls0_1\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Coste <span class=\"_ _0\"></span>amortizado <span class=\"_ _0\"></span>us<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>tipo <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>inter<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _0\"></span>efectivo: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasif<span class=\"_ _6\"></span>ican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _11\"></span>categor\u00eda <span class=\"_ _10\"></span>los </span></span>activos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e man<span class=\"_ _6\"></span>tienen <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cobro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e e<span class=\"_ _6\"></span>fectivo <span class=\"_ _6\"></span>previs<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>contrato,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>esos <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e efectivo representan s<span class=\"_ _6\"></span>\u00f3lo cobros d<span class=\"_ _6\"></span>e principal e inte<span class=\"_ _6\"></span>reses. <span class=\"_ _6\"></span> Una <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>p\u00e9rdida en <span class=\"_ _a\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _e\"></span>inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>valore <span class=\"_ _e\"></span>a coste <span class=\"_ _e\"></span>amortizado y <span class=\"_ _a\"></span>no sea <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>una re<span class=\"_ _1\"></span>laci\u00f3n<span class=\"_ _6\"></span> de cobertura se reconoce en el resu<span class=\"_ _6\"></span>ltado del ejercicio cuand<span class=\"_ _6\"></span>o el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _6\"></span> se reconocen como <span class=\"_ _1\"></span>ingresos financiero<span class=\"_ _6\"></span>s en el <span class=\"_ _1\"></span>Estado de Resultado cons<span class=\"_ _6\"></span>olidado d<span class=\"_ _6\"></span>e acuerdo a su devengo,<span class=\"_ _6\"></span> aplicando el m\u00e9todo del tipo d<span class=\"_ _6\"></span>e inter\u00e9s efectivo<span class=\"_ _6\"></span>.<span class=\"_ _15\"></span> En <span class=\"_ _12\"> </span>esta <span class=\"_ _11\"> </span>cat<span class=\"_ _6\"></span>egor\u00eda <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _11\"> </span>\u201cDeudores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>rar\u201d, <span class=\"_ _11\"> </span>\u201cOtra<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>inversiones financieras\u201d, <span class=\"_ _15\"></span>\u201cy <span class=\"_ _6\"></span>\u201cEfectivo <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _6\"></span>l\u00edqu<span class=\"_ _6\"></span>idos <span class=\"_ _6\"></span>equivalentes\u201d, <span class=\"_ _15\"></span>principalmente. <span class=\"_ _15\"></span>El <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cEfectivo <span class=\"_ _6\"></span>y otros <span class=\"_ _11\"> </span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"> </span>l\u00edquidos <span class=\"_ _12\"> </span>equivalentes\u201d <span class=\"_ _11\"> </span>recoge <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>aldos <span class=\"_ _12\"> </span><span class=\"ff4\">en <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>corto <span class=\"_ _11\"> </span>plazo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _6\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _6\"></span> sujetos a un riesgo d<span class=\"_ _6\"></span>e cambio de valor po<span class=\"_ _6\"></span>co significativo.<span class=\"_ _15\"></span> Las cuentas por <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>rar <span class=\"_ _1\"></span>a deudores <span class=\"_ _e\"></span>comerc<span class=\"_ _6\"></span>iales propias del <span class=\"_ _e\"></span>tr\u00e1fico habitual del <span class=\"_ _1\"></span>Grupo se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>su valor nominal, dado que su vencimiento es en ge<span class=\"_ _1\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _1\"></span>esperadas. En <span class=\"_ _e\"></span>este cap\u00edtulo <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>seguid<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>mod<span class=\"_ _6\"></span>elo <span class=\"_ _1\"></span>simplificado de <span class=\"_ _e\"></span>p\u00e9rdida esperada basado en la experiencia his<span class=\"_ _6\"></span>t\u00f3rica de p\u00e9rdidas<span class=\"_ _6\"></span> crediticias.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-605": {
   "value": "Coste <span class=\"_ _0\"></span>amortizado <span class=\"_ _0\"></span>us<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>tipo <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>inter<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _0\"></span>efectivo: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>clasif<span class=\"_ _6\"></span>ican <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _11\"></span>categor\u00eda <span class=\"_ _10\"></span>los activos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e man<span class=\"_ _6\"></span>tienen <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cobro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e e<span class=\"_ _6\"></span>fectivo <span class=\"_ _6\"></span>previs<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>contrato,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>esos <span class=\"_ _6\"></span>flujos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e efectivo representan s<span class=\"_ _6\"></span>\u00f3lo cobros d<span class=\"_ _6\"></span>e principal e inte<span class=\"_ _6\"></span>reses. <span class=\"_ _6\"></span> Una <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>p\u00e9rdida en <span class=\"_ _a\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _e\"></span>inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>valore <span class=\"_ _e\"></span>a coste <span class=\"_ _e\"></span>amortizado y <span class=\"_ _a\"></span>no sea <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>una re<span class=\"_ _1\"></span>laci\u00f3n<span class=\"_ _6\"></span> de cobertura se reconoce en el resu<span class=\"_ _6\"></span>ltado del ejercicio cuand<span class=\"_ _6\"></span>o el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros<span class=\"_ _6\"></span> se reconocen como <span class=\"_ _1\"></span>ingresos financiero<span class=\"_ _6\"></span>s en el <span class=\"_ _1\"></span>Estado de Resultado cons<span class=\"_ _6\"></span>olidado d<span class=\"_ _6\"></span>e acuerdo a su devengo,<span class=\"_ _6\"></span> aplicando el m\u00e9todo del tipo d<span class=\"_ _6\"></span>e inter\u00e9s efectivo<span class=\"_ _6\"></span>.<span class=\"_ _15\"></span> En <span class=\"_ _12\"> </span>esta <span class=\"_ _11\"> </span>cat<span class=\"_ _6\"></span>egor\u00eda <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _11\"> </span>\u201cDeudores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>rar\u201d, <span class=\"_ _11\"> </span>\u201cOtra<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>inversiones financieras\u201d, <span class=\"_ _15\"></span>\u201cy <span class=\"_ _6\"></span>\u201cEfectivo <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>otros <span class=\"_ _15\"></span>activos <span class=\"_ _6\"></span>l\u00edqu<span class=\"_ _6\"></span>idos <span class=\"_ _6\"></span>equivalentes\u201d, <span class=\"_ _15\"></span>principalmente. <span class=\"_ _15\"></span>El <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cEfectivo <span class=\"_ _6\"></span>y otros <span class=\"_ _11\"> </span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"> </span>l\u00edquidos <span class=\"_ _12\"> </span>equivalentes\u201d <span class=\"_ _11\"> </span>recoge <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>aldos <span class=\"_ _12\"> </span><span class=\"ff4\">en <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>invers<span class=\"_ _6\"></span>iones <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>corto <span class=\"_ _11\"> </span>plazo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>gran </span>liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"_ _6\"></span>s originales de un m\u00e1ximo de tres meses, y que est\u00e1n<span class=\"_ _6\"></span> sujetos a un riesgo d<span class=\"_ _6\"></span>e cambio de valor po<span class=\"_ _6\"></span>co significativo.<span class=\"_ _15\"></span> Las cuentas por <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>rar <span class=\"_ _1\"></span>a deudores <span class=\"_ _e\"></span>comerc<span class=\"_ _6\"></span>iales propias del <span class=\"_ _e\"></span>tr\u00e1fico habitual del <span class=\"_ _1\"></span>Grupo se <span class=\"_ _1\"></span>registran por <span class=\"_ _1\"></span>su valor nominal, dado que su vencimiento es en ge<span class=\"_ _1\"></span>neral inferior a doce meses, corregido por las p\u00e9rdidas crediticias <span class=\"_ _1\"></span>esperadas. En <span class=\"_ _e\"></span>este cap\u00edtulo <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>seguid<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>mod<span class=\"_ _6\"></span>elo <span class=\"_ _1\"></span>simplificado de <span class=\"_ _e\"></span>p\u00e9rdida esperada basado en la experiencia his<span class=\"_ _6\"></span>t\u00f3rica de p\u00e9rdidas<span class=\"_ _6\"></span> crediticias.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-590": {
   "value": "ii.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Valor <span class=\"_ _6\"></span>razon<span class=\"_ _6\"></span>able <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>resultados<span class=\"_ _6\"></span>: <span class=\"_ _6\"></span>dentro <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>categor\u00eda <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incluyen <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no </span></span>cumplen <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>condiciones <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>considerars<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cobertura <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>N<span class=\"_ _6\"></span>IIF <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _15\"></span>Ins<span class=\"_ _6\"></span>trumentos Financieros, los activos <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _1\"></span>que otras <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>ormas establezcan que <span class=\"_ _1\"></span>deben valorarse <span class=\"_ _e\"></span>a valor razonable con <span class=\"_ _6\"></span>cargo <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os, <span class=\"_ _6\"></span>tales como <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>contraprestacion<span class=\"_ _6\"></span>es contin<span class=\"_ _6\"></span>gentes <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>egocios y aquellos activ<span class=\"_ _6\"></span>os financieros que d<span class=\"_ _6\"></span>e valorarse de otra<span class=\"_ _6\"></span> forma generar\u00edan una as<span class=\"_ _6\"></span>imetr\u00eda contable.<span class=\"_ _33\"> </span>Los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roduzcan <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>impu<span class=\"_ _6\"></span>tan <span class=\"_ _15\"></span>cuando <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cen <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ep\u00edgrafes \u201cGastos <span class=\"_ _17\"> </span>financieros\u201d, <span class=\"_ _17\"> </span>\u201cIngresos <span class=\"_ _17\"> </span>financieros\u201d <span class=\"_ _17\"> </span>o <span class=\"_ _17\"> </span>\u201cVariaci\u00f3n <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>valor <span class=\"_ _17\"> </span>razonable <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>instru<span class=\"_ _6\"></span>mentos financieros\u201d, seg\u00fan<span class=\"_ _6\"></span> corresponda,<span class=\"_ _6\"></span> del Estado de Resu<span class=\"_ _6\"></span>ltado conso<span class=\"_ _6\"></span><span class=\"ff4\">lida<span class=\"_ _6\"></span>do. </span>En el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de particip<span class=\"_ _6\"></span>aciones en <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es no <span class=\"_ _6\"></span>cotizadas<span class=\"_ _6\"></span>, poco <span class=\"_ _15\"></span>relevantes<span class=\"_ _6\"></span>, dad<span class=\"_ _6\"></span>o qu<span class=\"_ _6\"></span>e el valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able no <span class=\"_ _15\"></span>siempre <span class=\"_ _15\"></span>es <span class=\"_ _15\"></span>posible <span class=\"_ _15\"></span>determinarlo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>forma <span class=\"_ _15\"></span>fiabl<span class=\"_ _6\"></span>e, <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>valoran <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _15\"></span>corregido<span class=\"_ _6\"></span> por las evidencias<span class=\"_ _6\"></span> de deterioro que p<span class=\"_ _6\"></span>udieran existir.<span class=\"_ _6\"></span> Los <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>transacci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>irectamente <span class=\"_ _0\"></span>atribuibles <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>tipo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se reconocen como un<span class=\"_ _6\"></span> gasto en el Estad<span class=\"_ _6\"></span>o de Resultado co<span class=\"_ _6\"></span>nsolidado a medida <span class=\"_ _6\"></span>que se incurre en ellos.<span class=\"_ _33\"> </span>ENCE <span class=\"_ _10\"></span>clasifica <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>pasivos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>siguientes <span class=\"_ _10\"></span>categor\u00edas, <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>posteriorid<span class=\"_ _6\"></span>ad <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>recono<span class=\"_ _6\"></span>cimiento inicial; 1) <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>amortizado, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2) <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>cambios <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>resulta<span class=\"_ _6\"></span>dos. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>esta \u00fa<span class=\"_ _6\"></span>ltima <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>se recogen b<span class=\"_ _6\"></span>\u00e1sicamente <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>traprestacio<span class=\"_ _6\"></span>nes <span class=\"_ _6\"></span>contin<span class=\"_ _6\"></span>gentes qu<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>puedan <span class=\"_ _6\"></span>originar <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e negocios, <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>instrumentos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _10\"></span>designados <span class=\"_ _0\"></span>como <span class=\"_ _15\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>de cobertura de acuerdo co<span class=\"_ _6\"></span>n NIIF 9 <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> Instrumentos<span class=\"_ _6\"></span> Financiero<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>Los p<span class=\"_ _6\"></span>r\u00e9stamos, <span class=\"_ _6\"></span>obligaciones <span class=\"_ _6\"></span>y s<span class=\"_ _6\"></span>imilares se <span class=\"_ _6\"></span>registran <span class=\"_ _6\"></span>inicialmente <span class=\"_ _6\"></span>a v<span class=\"_ _6\"></span>alor razo<span class=\"_ _6\"></span>nable, v<span class=\"_ _6\"></span>alor q<span class=\"_ _6\"></span>ue normalm<span class=\"_ _6\"></span>ente coincide con el efectiv<span class=\"_ _6\"></span>o recibido, n<span class=\"_ _6\"></span>eto de los cos<span class=\"_ _6\"></span>tes incurridos en la t<span class=\"_ _6\"></span>ransacci\u00f3n. En p<span class=\"_ _6\"></span>eriodos posteriores, la totalidad de estas d<span class=\"_ _6\"></span>eudas se valora a <span class=\"_ _6\"></span>su coste amortizado, utilizando el m\u00e9tod<span class=\"_ _6\"></span>o del tipo de inter\u00e9s efectivo.<span class=\"_ _33\"> </span>Los gastos finan<span class=\"_ _6\"></span>cieros as\u00ed como los costes d<span class=\"_ _6\"></span>e estructuraci\u00f3n, se registran<span class=\"_ _6\"></span> seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"_ _6\"></span>o consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo del in<span class=\"_ _6\"></span>ter\u00e9s efectivo.<span class=\"_ _33\"> </span>En <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>b<span class=\"_ _6\"></span>onos <span class=\"_ _10\"></span>convertibles, <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>analiza <span class=\"_ _10\"></span>si <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>trata <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>instrumentos <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cieros compuestos, o <span class=\"_ _a\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>contrario, <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>trata <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>un <span class=\"_ _e\"></span>pasivo. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n de <span class=\"_ _a\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _e\"></span>financieros<span class=\"_ _6\"></span> compuestos <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>compon<span class=\"_ _6\"></span>entes <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>pasivo <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>atrimonio, <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>componente <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>patrimonio <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>etermina <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>el importe residual que s<span class=\"_ _6\"></span>e obtiene, d<span class=\"_ _6\"></span>espu\u00e9s de dedu<span class=\"_ _6\"></span>cir del valor razon<span class=\"_ _6\"></span>able del instrumento<span class=\"_ _6\"></span> en su<span class=\"_ _6\"></span> conjunto, el importe del componente de pasivo. Por su parte, el componente de pasivo se determina estim<span class=\"_ _15\"></span>ando el valor razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>instrumento <span class=\"_ _12\"> </span>similar <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>fecha <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>emis<span class=\"_ _6\"></span>i\u00f3n, <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>no<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>lleve <span class=\"_ _12\"> </span>aso<span class=\"_ _6\"></span>ciado <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>componente <span class=\"_ _12\"> </span>de patrimonio. <span class=\"_ _17\"> </span>Los <span class=\"_ _1c\"> </span>costes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _17\"> </span>relacionados<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>con <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>e<span class=\"_ _6\"></span>misi\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _1c\"> </span>instrumentos <span class=\"_ _17\"> </span>finan<span class=\"_ _6\"></span>cieros compuestos <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>distribuyen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>valo<span class=\"_ _15\"></span>r <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _10\"></span>relativo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cada <span class=\"_ _0\"></span>uno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>componentes <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el momento de la clasificaci\u00f3n.<span class=\"_ _33\"> </span>Los <span class=\"_ _12\"> </span>acreedores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>pagar <span class=\"_ _12\"> </span>derivados <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>op<span class=\"_ _6\"></span>eraciones <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>son <span class=\"_ _12\"> </span>pasivos financieros <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>mayor <span class=\"_ _e\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>resentan <span class=\"_ _e\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>corto <span class=\"_ _1\"></span>plazo <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>devengan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>intereses. <span class=\"_ _e\"></span>Esto<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>saldos se registran inicialment<span class=\"_ _6\"></span>e a su valor razon<span class=\"_ _6\"></span>able y<span class=\"_ _6\"></span> posteriormente a s<span class=\"_ _6\"></span>u coste amortizad<span class=\"_ _6\"></span>o.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-592": {
   "value": "Deterioros de valor-<span class=\"_ _6\"></span> ENCE ev<span class=\"_ _6\"></span>al\u00faa s<span class=\"_ _6\"></span>obre un<span class=\"_ _6\"></span>a base <span class=\"_ _6\"></span>prospectiva <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>cr\u00e9dito esp<span class=\"_ _6\"></span>eradas d<span class=\"_ _6\"></span>e sus<span class=\"_ _6\"></span> activos v<span class=\"_ _6\"></span>alorados <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>coste amortizado. En es<span class=\"_ _6\"></span>te sentido, ENCE a<span class=\"_ _6\"></span>plica el enfoque gener<span class=\"_ _6\"></span>al de c\u00e1lculo de la p<span class=\"_ _6\"></span>\u00e9rdida esperada <span class=\"_ _6\"></span>a sus a<span class=\"_ _6\"></span>ctivos financieros a <span class=\"_ _1\"></span>largo plazo, excepto <span class=\"_ _1\"></span>los saldos comerciales <span class=\"_ _e\"></span>y otras<span class=\"_ _6\"></span> cuentas <span class=\"_ _1\"></span>a cobrar <span class=\"_ _1\"></span>sin componente <span class=\"_ _1\"></span>financiero<span class=\"_ _6\"></span> significativo para <span class=\"_ _6\"></span>los que aplica un enfoq<span class=\"_ _6\"></span>ue simplificado.<span class=\"_ _6\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"_ _6\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo que el riesgo de cr\u00e9dito se h<span class=\"_ _6\"></span>aya in<span class=\"_ _6\"></span>crementado de forma s<span class=\"_ _6\"></span>ignificativa desde s<span class=\"_ _6\"></span>u reconocimiento inicial.<span class=\"_ _15\"></span> Bajo <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>enfoqu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>implificado, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>consideran las <span class=\"_ _e\"></span>p\u00e9rdidas cre<span class=\"_ _1\"></span>diticias e<span class=\"_ _1\"></span>speradas durante <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>vida <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivo. <span class=\"_ _e\"></span> Este<span class=\"_ _1\"></span> modelo <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>lleva <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>cabo <span class=\"_ _11\"> </span>teniendo <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>consideraci\u00f3n <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>client<span class=\"_ _6\"></span>e, <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>cobertura <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>seguro <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>cr\u00e9dito<span class=\"_ _6\"></span> disponible, <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>experien<span class=\"_ _6\"></span>cia <span class=\"_ _e\"></span>hist<span class=\"_ _6\"></span>\u00f3rica <span class=\"_ _e\"></span>referente <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ries<span class=\"_ _6\"></span>go <span class=\"_ _e\"></span>crediticio <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>\u00faltimos <span class=\"_ _e\"></span>cin<span class=\"_ _6\"></span>co <span class=\"_ _e\"></span>a\u00f1os. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>modelo<span class=\"_ _33\"> </span>incorpora <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>umbral <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>180 <span class=\"_ _10\"></span>d\u00edas <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>mora <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>ideraci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _10\"></span>un impago <span class=\"_ _1\"></span>definitivo. <span class=\"_ _1\"></span>Estos criterios <span class=\"_ _e\"></span>son aplicados <span class=\"_ _e\"></span>en au<span class=\"_ _1\"></span>sencia d<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>otra<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>evidencias objetivas de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>incumplimiento, como <span class=\"_ _e\"></span>puedan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ser <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>cursales, <span class=\"_ _1\"></span>etc. <span class=\"_ _e\"></span>En <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>ejercicios 2024 <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _e\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _e\"></span>registra<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>importes<span class=\"_ _6\"></span> significativos po<span class=\"_ _6\"></span>r este concepto en el Es<span class=\"_ _6\"></span>tado de Resulta<span class=\"_ _6\"></span>do consolidado.<span class=\"_ _6\"></span> Las <span class=\"_ _6\"></span>dotacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>reversiones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>correcciones <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>rativas <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sald<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>comerciales <span class=\"_ _6\"></span>a cobrar <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cDeterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>sobre <span class=\"_ _10\"></span>activos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros\u201d <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Res<span class=\"_ _6\"></span>ultado consolidado.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-580": {
   "value": "Registro de bajas <span class=\"_ _6\"></span>- El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>reconoce <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>baja <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>expiran <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cedido <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>derechos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>los flujos <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>efectivo <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>correspo<span class=\"_ _6\"></span>ndiente <span class=\"_ _15\"></span>activo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>financiero <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>han <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>nsferido <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ustancialmente <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>riesgos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y beneficios inherentes a su propiedad. La baja de un activo fi<span class=\"_ _1\"></span>nanciero implica el <span class=\"_ _1\"></span>reconoci<span class=\"_ _6\"></span>miento en el Estado de Resultado consolidado de l<span class=\"_ _1\"></span>a diferencia e<span class=\"_ _1\"></span>xistente entre su valor contable y<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>suma de la<span class=\"_ _1\"></span> contraprestaci\u00f3n recibida, <span class=\"_ _1\"></span>neta <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>gastos de <span class=\"_ _e\"></span>la transacci\u00f3n, <span class=\"_ _1\"></span>incluy\u00e9ndose los <span class=\"_ _e\"></span>activos obtenidos o <span class=\"_ _1\"></span>pasivos <span class=\"_ _1\"></span>asumidos y <span class=\"_ _e\"></span>cualquier p\u00e9rdida o ganan<span class=\"_ _6\"></span>cia diferida en otro resu<span class=\"_ _6\"></span>ltado global.<span class=\"_ _6\"></span> En <span class=\"_ _12\"> </span>este <span class=\"_ _12\"> </span>sentido, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>necesidad<span class=\"_ _6\"></span>es <span class=\"_ _12\"> </span>coyun<span class=\"_ _6\"></span>turales <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>tesorer\u00eda <span class=\"_ _12\"> </span>realiza <span class=\"_ _12\"> </span>cesiones <span class=\"_ _12\"> </span>de<span class=\"_ _6\"></span> cr\u00e9ditos <span class=\"_ _e\"></span>de cli<span class=\"_ _1\"></span>entes <span class=\"_ _e\"></span>a e<span class=\"_ _1\"></span>ntidade<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>cieras <span class=\"_ _e\"></span>(factoring) <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>pod<span class=\"_ _6\"></span>r\u00e1 <span class=\"_ _e\"></span>llevar <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>cabo titulizaciones <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>. <span class=\"_ _e\"></span>En e<span class=\"_ _1\"></span>stas<span class=\"_ _33\"> </span>cesiones <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>derechos <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cobro<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>tra<span class=\"_ _6\"></span>nsmiten <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>ustancialmente <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>riesgos <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>b<span class=\"_ _6\"></span>eneficios <span class=\"_ _11\"> </span>inh<span class=\"_ _6\"></span>erentes <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>las cuentas <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>cobrar, <span class=\"_ _0\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>control <span class=\"_ _0\"></span>sobre <span class=\"_ _11\"></span>\u00e9stas, <span class=\"_ _0\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>existan <span class=\"_ _0\"></span>pactos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>recompra <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>uscritos <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>las entidades <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cr\u00e9dito <span class=\"_ _10\"></span>(cesiones <span class=\"_ _10\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>recurs<span class=\"_ _6\"></span>o). <span class=\"_ _10\"></span>Consecu<span class=\"_ _6\"></span>entemente, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>acuerdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>criterios <span class=\"_ _10\"></span>establecidos por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>NIIF, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>dan <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e b<span class=\"_ _6\"></span>aja del <span class=\"_ _6\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Situaci\u00f3n <span class=\"_ _6\"></span>Finan<span class=\"_ _6\"></span>ciera cons<span class=\"_ _6\"></span>olidado <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>saldos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cobrar <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>ores vendidos en la<span class=\"_ _6\"></span>s condiciones indicadas<span class=\"_ _6\"></span>. Por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>trario, <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>no <span class=\"_ _11\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>baja <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>financieros, <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>reconoce <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _0\"></span>financiero <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>un importe <span class=\"_ _10\"></span>igual <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>contraprestaci\u00f3n <span class=\"_ _0\"></span>recibida, <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>cesiones <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>retenga sustancialmente los<span class=\"_ _6\"></span> riesgos y beneficios inh<span class=\"_ _6\"></span>erentes<span class=\"_ _6\"></span> a su p<span class=\"_ _6\"></span>ropiedad.<span class=\"_ _33\"> </span>ENCE da <span class=\"_ _e\"></span>de baja <span class=\"_ _e\"></span>un pasivo <span class=\"_ _e\"></span>financiero o <span class=\"_ _e\"></span>una parte <span class=\"_ _e\"></span>del mismo <span class=\"_ _e\"></span>cuand<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>ha cumplido <span class=\"_ _e\"></span>con la <span class=\"_ _e\"></span>obligaci\u00f3n contenida en el pasivo o b<span class=\"_ _6\"></span>ien est\u00e9 legalmente dispensad<span class=\"_ _6\"></span>o de la respon<span class=\"_ _6\"></span>sabilidad p<span class=\"_ _6\"></span>rincipal contenida en el pas<span class=\"_ _6\"></span>ivo.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-600": {
   "value": "Pasivos financieros <span class=\"_ _6\"></span> Son <span class=\"_ _6\"></span>pasivos <span class=\"_ _6\"></span>financieros <span class=\"_ _6\"></span>aq<span class=\"_ _6\"></span>uellos <span class=\"_ _6\"></span>d\u00e9bitos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>partidas <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>pagar que <span class=\"_ _6\"></span>tiene <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han <span class=\"_ _6\"></span>originado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la compra de <span class=\"_ _e\"></span>bi<span class=\"_ _6\"></span>enes y <span class=\"_ _1\"></span>servicios por operaciones de <span class=\"_ _e\"></span>tr\u00e1<span class=\"_ _6\"></span>fico de la <span class=\"_ _1\"></span>empresa, o <span class=\"_ _1\"></span>tambi\u00e9n aquellos que, sin <span class=\"_ _1\"></span>tener un origen <span class=\"_ _10\"></span>comercial, <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>pu<span class=\"_ _6\"></span>eden <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>er <span class=\"_ _10\"></span>consider<span class=\"_ _6\"></span>ados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span>rivados, <span class=\"_ _0\"></span>principalmente, deudas con en<span class=\"_ _6\"></span>tidades de cr\u00e9dito, bon<span class=\"_ _6\"></span>os emitidos, etc.<span class=\"_ _6\"></span> ENCE <span class=\"_ _10\"></span>clasifica <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>pasivos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>siguientes <span class=\"_ _10\"></span>categor\u00edas, <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>posteriorid<span class=\"_ _6\"></span>ad <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>recono<span class=\"_ _6\"></span>cimiento inicial; 1) <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>amortizado, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2) <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>cambios <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>resulta<span class=\"_ _6\"></span>dos. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>esta \u00fa<span class=\"_ _6\"></span>ltima <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>se recogen b<span class=\"_ _6\"></span>\u00e1sicamente <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>traprestacio<span class=\"_ _6\"></span>nes <span class=\"_ _6\"></span>contin<span class=\"_ _6\"></span>gentes qu<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>puedan <span class=\"_ _6\"></span>originar <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>combinaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e negocios, <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>instrumentos <span class=\"_ _0\"></span>financieros <span class=\"_ _10\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _10\"></span>designados <span class=\"_ _0\"></span>como <span class=\"_ _15\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>de cobertura de acuerdo co<span class=\"_ _6\"></span>n NIIF 9 <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> Instrumentos<span class=\"_ _6\"></span> Financiero<span class=\"_ _6\"></span>s.<span class=\"_ _33\"> </span>ENCE da <span class=\"_ _e\"></span>de baja <span class=\"_ _e\"></span>un pasivo <span class=\"_ _e\"></span>financiero o <span class=\"_ _e\"></span>una parte <span class=\"_ _e\"></span>del mismo <span class=\"_ _e\"></span>cuand<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>ha cumplido <span class=\"_ _e\"></span>con la <span class=\"_ _e\"></span>obligaci\u00f3n contenida en el pasivo o b<span class=\"_ _6\"></span>ien est\u00e9 legalmente dispensad<span class=\"_ _6\"></span>o de la respon<span class=\"_ _6\"></span>sabilidad p<span class=\"_ _6\"></span>rincipal contenida en el pas<span class=\"_ _6\"></span>ivo.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Obligaciones, bo<span class=\"_ _6\"></span>nos y deudas con<span class=\"_ _6\"></span> entidades de c<span class=\"_ _6\"></span>r\u00e9dito<span class=\"_ _33\"> </span><span class=\"_ _6\"></span>- Los p<span class=\"_ _6\"></span>r\u00e9stamos, <span class=\"_ _6\"></span>obligaciones <span class=\"_ _6\"></span>y s<span class=\"_ _6\"></span>imilares se <span class=\"_ _6\"></span>registran <span class=\"_ _6\"></span>inicialmente <span class=\"_ _6\"></span>a v<span class=\"_ _6\"></span>alor razo<span class=\"_ _6\"></span>nable, v<span class=\"_ _6\"></span>alor q<span class=\"_ _6\"></span>ue normalm<span class=\"_ _6\"></span>ente coincide con el efectiv<span class=\"_ _6\"></span>o recibido, n<span class=\"_ _6\"></span>eto de los cos<span class=\"_ _6\"></span>tes incurridos en la t<span class=\"_ _6\"></span>ransacci\u00f3n. En p<span class=\"_ _6\"></span>eriodos posteriores, la totalidad de estas d<span class=\"_ _6\"></span>eudas se valora a <span class=\"_ _6\"></span>su coste amortizado, utilizando el m\u00e9tod<span class=\"_ _6\"></span>o del tipo de inter\u00e9s efectivo.<span class=\"_ _33\"> </span>Los gastos finan<span class=\"_ _6\"></span>cieros as\u00ed como los costes d<span class=\"_ _6\"></span>e estructuraci\u00f3n, se registran<span class=\"_ _6\"></span> seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"_ _6\"></span>o consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo del in<span class=\"_ _6\"></span>ter\u00e9s efectivo.<span class=\"_ _33\"> </span>En <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>b<span class=\"_ _6\"></span>onos <span class=\"_ _10\"></span>convertibles, <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>analiza <span class=\"_ _10\"></span>si <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>trata <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>instrumentos <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cieros compuestos, o <span class=\"_ _a\"></span>por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>contrario, <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>trata <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>un <span class=\"_ _e\"></span>pasivo. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>emisi\u00f3n de <span class=\"_ _a\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _e\"></span>financieros<span class=\"_ _6\"></span> compuestos <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>compon<span class=\"_ _6\"></span>entes <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>pasivo <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>atrimonio, <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>componente <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>patrimonio <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>etermina <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>el importe residual que s<span class=\"_ _6\"></span>e obtiene, d<span class=\"_ _6\"></span>espu\u00e9s de dedu<span class=\"_ _6\"></span>cir del valor razon<span class=\"_ _6\"></span>able del instrumento<span class=\"_ _6\"></span> en su<span class=\"_ _6\"></span> conjunto, el importe del componente de pasivo. Por su parte, el componente de pasivo se determina estim<span class=\"_ _15\"></span>ando el valor razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>instrumento <span class=\"_ _12\"> </span>similar <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>fecha <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>emis<span class=\"_ _6\"></span>i\u00f3n, <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>no<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>lleve <span class=\"_ _12\"> </span>aso<span class=\"_ _6\"></span>ciado <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>componente <span class=\"_ _12\"> </span>de patrimonio. <span class=\"_ _17\"> </span>Los <span class=\"_ _1c\"> </span>costes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _17\"> </span>relacionados<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>con <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>e<span class=\"_ _6\"></span>misi\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>los <span class=\"_ _1c\"> </span>instrumentos <span class=\"_ _17\"> </span>finan<span class=\"_ _6\"></span>cieros compuestos <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>distribuyen <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>valo<span class=\"_ _15\"></span>r <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>table <span class=\"_ _10\"></span>relativo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cada <span class=\"_ _0\"></span>uno <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>componentes <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el momento de la clasificaci\u00f3n.<span class=\"_ _33\"> </span> <span class=\"_ _15\"></span> Las <span class=\"_ _11\"></span>operaciones <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>refinan<span class=\"_ _6\"></span>ciaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>financiera <span class=\"_ _0\"></span>se<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>contabilizan <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>cancelaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>asivo<span class=\"_ _6\"></span> financiero original y el reconocimiento de un nuevo pasivo financiero, siempre que los instrumentos tengan condiciones <span class=\"_ _0\"></span>su<span class=\"_ _6\"></span>stancialmente <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>iferentes. <span class=\"_ _0\"></span>Esto <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>produce <span class=\"_ _0\"></span>cu<span class=\"_ _6\"></span>ando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>act<span class=\"_ _6\"></span>ual <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>efectivo descontados<span class=\"_ _6\"></span> bajo <span class=\"_ _1\"></span>las nuevas <span class=\"_ _e\"></span>cond<span class=\"_ _6\"></span>iciones, incluyendo cualquier <span class=\"_ _e\"></span>com<span class=\"_ _6\"></span>isi\u00f3n pagada neta <span class=\"_ _1\"></span>de cualquier <span class=\"_ _e\"></span>comisi\u00f3n<span class=\"_ _6\"></span> recibida, y utilizando para hacer el <span class=\"_ _1\"></span>descuento el tipo de inter\u00e9s efectivo original, difiere al menos en un 10% del valor actual descontado de los flujos de <span class=\"_ _1\"></span>efectivo que todav\u00eda resten del pasivo financiero original. Por <span class=\"_ _1\"></span>su parte, <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>costes <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>estructuraci\u00f3n <span class=\"_ _12\"> </span>pendientes <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>imputar <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>resulta<span class=\"_ _6\"></span>dos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>financiaci\u00f3n <span class=\"_ _12\"> </span>cancelada <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e imputan \u00edntegramente a <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>os en el momento de la ca<span class=\"_ _6\"></span>ncelaci\u00f3n.<span class=\"_ _33\"> </span>Si la operaci\u00f3n de<span class=\"_ _1\"></span> refinanciaci\u00f3n no cumple <span class=\"_ _1\"></span>los criterios descritos para <span class=\"_ _1\"></span>registrarse como una cancelaci\u00f3n del<span class=\"_ _e\"></span> pasivo <span class=\"_ _17\"> </span>financiero <span class=\"_ _17\"> </span>original, <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>flujos <span class=\"_ _17\"> </span>modificados <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>descu<span class=\"_ _6\"></span>entan <span class=\"_ _1e\"> </span>al <span class=\"_ _17\"> </span>tipo <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>inter\u00e9s <span class=\"_ _17\"> </span>efectivo <span class=\"_ _17\"> </span>original,<span class=\"_ _6\"></span> reconociendo <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>resultados <span class=\"_ _11\"></span>cualquier <span class=\"_ _0\"></span>difere<span class=\"_ _6\"></span>ncia <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _11\"> </span>contable <span class=\"_ _0\"></span>prev<span class=\"_ _6\"></span>io. <span class=\"_ _0\"></span>Los<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>gastos <span class=\"_ _11\"></span>financieros, <span class=\"_ _0\"></span>as\u00ed como <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estru<span class=\"_ _6\"></span>cturaci\u00f3n, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>registran <span class=\"_ _0\"></span>seg\u00fan<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>criterio <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>devengo <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>Resultado consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo d<span class=\"_ _6\"></span>el inter\u00e9s efectivo.<span class=\"_ _6\"></span> La recompras de instrumentos de deuda im<span class=\"_ _1\"></span>plica que la deuda queda e<span class=\"_ _1\"></span>xtinguida, incluso en el <span class=\"_ _1\"></span>caso de que <span class=\"_ _1\"></span>el emisor intente revenderlo en <span class=\"_ _6\"></span>un futu<span class=\"_ _6\"></span>ro inmediato.<span class=\"_ _6\"></span> Acreedores com<span class=\"_ _6\"></span>erciales y otras cuen<span class=\"_ _6\"></span>tas a pagar<span class=\"_ _6\"></span>- Los <span class=\"_ _12\"> </span>acreedores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>pagar <span class=\"_ _12\"> </span>derivados <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>op<span class=\"_ _6\"></span>eraciones <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>son <span class=\"_ _12\"> </span>pasivos financieros <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>mayor <span class=\"_ _e\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>resentan <span class=\"_ _e\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>corto <span class=\"_ _1\"></span>plazo <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>devengan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>intereses. <span class=\"_ _e\"></span>Esto<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>saldos se registran inicialment<span class=\"_ _6\"></span>e a su valor razon<span class=\"_ _6\"></span>able y<span class=\"_ _6\"></span> posteriormente a s<span class=\"_ _6\"></span>u coste amortizad<span class=\"_ _6\"></span>o.<span class=\"_ _33\"> </span>El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"_ _1\"></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\"></span>en la <span class=\"_ _1\"></span>partida de <span class=\"ff6\">\u201cAcreedores comerciales y <span class=\"_ _e\"></span>otras<span class=\"_ _6\"></span> cuentas <span class=\"_ _1\"></span>a pagar\u201d, y <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>clasifican en </span>el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"_ _1\"></span>xplotaci\u00f3n, en la medida en que <span class=\"_ _1\"></span>ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"_ _1\"></span> las e<span class=\"_ _1\"></span>ntidades financieras, manteni\u00e9ndose como obliga<span class=\"_ _6\"></span>do primario al pago de las<span class=\"_ _1\"></span> deudas frente <span class=\"_ _1\"></span>a lo<span class=\"_ _1\"></span>s acreedores <span class=\"_ _e\"></span>comerciales (confirming sin <span class=\"_ _1\"></span>recurso). En <span class=\"_ _e\"></span>caso de <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue el <span class=\"_ _e\"></span>obligado primario <span class=\"_ _1\"></span>sea una entidad fin<span class=\"_ _6\"></span>anciera, estas cesiones s<span class=\"_ _6\"></span>e tratan como deud<span class=\"_ _6\"></span>as con entid<span class=\"_ _6\"></span>ades de cr\u00e9dito.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-606": {
   "value": "Los gastos finan<span class=\"_ _6\"></span>cieros as\u00ed como los costes d<span class=\"_ _6\"></span>e estructuraci\u00f3n, se registran<span class=\"_ _6\"></span> seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"_ _6\"></span>o consolidado u<span class=\"_ _6\"></span>tilizando el m\u00e9todo del in<span class=\"_ _6\"></span>ter\u00e9s efectivo.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-553": {
   "value": "Acreedores com<span class=\"_ _6\"></span>erciales y otras cuen<span class=\"_ _6\"></span>tas a pagar<span class=\"_ _6\"></span>- Los <span class=\"_ _12\"> </span>acreedores <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>otras <span class=\"_ _12\"> </span>cuentas <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>pagar <span class=\"_ _12\"> </span>derivados <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>op<span class=\"_ _6\"></span>eraciones <span class=\"_ _12\"> </span>comerciales <span class=\"_ _12\"> </span>son <span class=\"_ _12\"> </span>pasivos financieros <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>mayor <span class=\"_ _e\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>resentan <span class=\"_ _e\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>corto <span class=\"_ _1\"></span>plazo <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>no <span class=\"_ _e\"></span>devengan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>intereses. <span class=\"_ _e\"></span>Esto<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>saldos se registran inicialment<span class=\"_ _6\"></span>e a su valor razon<span class=\"_ _6\"></span>able y<span class=\"_ _6\"></span> posteriormente a s<span class=\"_ _6\"></span>u coste amortizad<span class=\"_ _6\"></span>o.<span class=\"_ _33\"> </span>El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"_ _1\"></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\"></span>en la <span class=\"_ _1\"></span>partida de <span class=\"ff6\">\u201cAcreedores comerciales y <span class=\"_ _e\"></span>otras<span class=\"_ _6\"></span> cuentas <span class=\"_ _1\"></span>a pagar\u201d, y <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>clasifican en </span>el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"_ _1\"></span>xplotaci\u00f3n, en la medida en que <span class=\"_ _1\"></span>ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"_ _1\"></span> las e<span class=\"_ _1\"></span>ntidades financieras, manteni\u00e9ndose como obliga<span class=\"_ _6\"></span>do primario al pago de las<span class=\"_ _1\"></span> deudas frente <span class=\"_ _1\"></span>a lo<span class=\"_ _1\"></span>s acreedores <span class=\"_ _e\"></span>comerciales (confirming sin <span class=\"_ _1\"></span>recurso). En <span class=\"_ _e\"></span>caso de <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue el <span class=\"_ _e\"></span>obligado primario <span class=\"_ _1\"></span>sea una entidad fin<span class=\"_ _6\"></span>anciera, estas cesiones s<span class=\"_ _6\"></span>e tratan como deud<span class=\"_ _6\"></span>as con entid<span class=\"_ _6\"></span>ades de cr\u00e9dito.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-554": {
   "value": "Las acciones p<span class=\"_ _6\"></span>ropias que adquiere ENCE se registran a su coste de ad<span class=\"_ _6\"></span>quisici\u00f3n, y se presentan minorando el patrimonio neto. Los resu<span class=\"_ _6\"></span>ltados derivados de la compra, venta, emisi\u00f3n o amortizaci\u00f3n de los<span class=\"_ _6\"></span> instrumentos del <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>atrimonio <span class=\"_ _10\"></span>propio <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>reconocen <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>irectamente <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>patrimonio <span class=\"_ _10\"></span>neto, <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>in <span class=\"_ _15\"></span>que <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>ning\u00fan <span class=\"_ _10\"></span>caso <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>registre resultado algun<span class=\"_ _6\"></span>o en el Estado de Resultado<span class=\"_ _6\"></span> consolidado<span class=\"_ _6\"></span>. La <span class=\"_ _10\"></span>amortizaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>accion<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>NCE, <span class=\"_ _10\"></span>da <span class=\"_ _0\"></span>lugar <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _10\"></span>reducci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>capital <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>importe <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>nominal <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> dichas acciones y la diferencia positiva o negativa entre el <span class=\"_ _1\"></span>precio de adquisici\u00f3n y el nominal de las acciones se carga o abon<span class=\"_ _6\"></span>a a cuentas de reservas<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-555": {
   "value": "Los <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ividendos <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>resultado <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>ejercicio, <span class=\"_ _6\"></span>as\u00ed <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>dividendos <span class=\"_ _15\"></span>complementarios <span class=\"_ _15\"></span>pagados <span class=\"_ _6\"></span>por ENCE minoran el Patrimon<span class=\"_ _6\"></span>io Neto en el mo<span class=\"_ _6\"></span>mento de su ap<span class=\"_ _6\"></span>robaci\u00f3n.<span class=\"_ _33\"> </span>Los <span class=\"_ _15\"></span>ingresos <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>dividend<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>procedentes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inv<span class=\"_ _6\"></span>ersiones <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>derecho <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>su percepci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "3.8<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Instrumentos finan<span class=\"_ _1\"></span>cieros derivado<span class=\"_ _1\"></span>s y operacion<span class=\"_ _1\"></span>es de cobertura </span>Las actividades del Grupo lo <span class=\"_ _1\"></span>exponen principalmente a riesgos financieros y <span class=\"_ _1\"></span>de mercado de<span class=\"_ _1\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"_ _1\"></span>mbio d\u00f3lar/euro que afectan principalmente a <span class=\"_ _1\"></span>sus ventas de celulosa al cotizar el <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>asta <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>papel <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>mercado <span class=\"_ _15\"></span>internacional <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>\u00f3lares, <span class=\"_ _6\"></span>2) <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>prop<span class=\"_ _6\"></span>ias <span class=\"_ _6\"></span>variaciones <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cambio <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>ventas <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ivisa, 3) <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>variacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>recio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa, <span class=\"_ _10\"></span>del <span class=\"_ _6\"></span>biometano, <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el fuel-oil, <span class=\"_ _6\"></span>el<span class=\"_ _6\"></span> gas <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica, <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>4) <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>evolu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>tip<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inter\u00e9s. <span class=\"_ _15\"></span>Pa<span class=\"_ _15\"></span>ra <span class=\"_ _15\"></span>cubrir <span class=\"_ _10\"></span>estas <span class=\"_ _15\"></span>expos<span class=\"_ _6\"></span>iciones <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Grupo puede <span class=\"_ _e\"></span>utilizar instrumentos <span class=\"_ _e\"></span>financieros derivados. <span class=\"_ _e\"></span>No <span class=\"_ _1\"></span>es <span class=\"_ _e\"></span>pol\u00edtica <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>ENCE contratar <span class=\"_ _e\"></span>instrumentos <span class=\"_ _1\"></span>financieros derivados con<span class=\"_ _6\"></span> fines especulativos<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Estos <span class=\"_ _18\"> </span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>financieros <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>valoran <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>todo <span class=\"_ _18\"> </span>mo<span class=\"_ _6\"></span>mento <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>su <span class=\"_ _18\"> </span>valor <span class=\"_ _18\"> </span>razonable<span class=\"_ _6\"></span>, <span class=\"_ _18\"> </span>registr\u00e1ndose <span class=\"_ _18\"> </span>las variaciones <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>\u201cIns<span class=\"_ _6\"></span>trumentos <span class=\"_ _1\"></span>financieros <span class=\"_ _e\"></span>derivad<span class=\"_ _6\"></span>os\u201d <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Situaci\u00f3n <span class=\"_ _1\"></span>Financiera consolidado s<span class=\"_ _6\"></span>i son negativas, y como \u201cActiv<span class=\"_ _6\"></span>os fi<span class=\"_ _6\"></span><span class=\"ff4\">nancieros </span>\u2013<span class=\"ff4\"> </span>Derivad<span class=\"_ _6\"></span>os de cobertu<span class=\"_ _6\"></span>ra\u201d si son po<span class=\"_ _6\"></span>sitivas.<span class=\"_ _33\"> </span> <span class=\"ff4\"> </span>Los <span class=\"_ _6\"></span>beneficios <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de dicha<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>fluctuaciones <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e registra<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Estado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Resultado<span class=\"_ _15\"></span> cons<span class=\"_ _6\"></span>olidado <span class=\"_ _15\"></span>como un re<span class=\"_ _1\"></span>sultado financiero, <span class=\"_ _e\"></span>salv<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>que el <span class=\"_ _e\"></span>derivado o <span class=\"_ _e\"></span>una parte <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>mis<span class=\"_ _6\"></span>mo <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>aya sido <span class=\"_ _e\"></span>designa<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>como instrumento de cobertura y \u00e9sta<span class=\"_ _6\"></span> sea altamente efectiva, en<span class=\"_ _6\"></span> cuyo caso<span class=\"_ _6\"></span> su registro es el siguiente: <span class=\"_ _15\"></span> 1.<span class=\"ls0_1\"> <span class=\"_ _22\"> </span>Coberturas <span class=\"_ _6\"></span>de valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able: el elemento <span class=\"_ _6\"></span>cubierto <span class=\"_ _6\"></span>se v<span class=\"_ _6\"></span>alora <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>su valo<span class=\"_ _6\"></span>r razonab<span class=\"_ _6\"></span>le al <span class=\"_ _6\"></span>igual que <span class=\"_ _6\"></span>el </span>instrumento <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cobertura,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>registr\u00e1nd<span class=\"_ _6\"></span>ose <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>variaciones <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>valor <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>amb<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>en e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Resultado<span class=\"_ _6\"></span> consolidado<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>2.<span class=\"ls0_1\"> <span class=\"_ _22\"> </span>Coberturas de <span class=\"_ _1\"></span>flujos de <span class=\"_ _1\"></span>efectivo: <span class=\"_ _1\"></span>la parte <span class=\"_ _e\"></span>eficaz de <span class=\"_ _1\"></span>los cambios <span class=\"_ _1\"></span>en e<span class=\"_ _1\"></span>l valor <span class=\"_ _e\"></span>razon<span class=\"_ _6\"></span>able de <span class=\"_ _e\"></span>los derivados </span>que se <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>esignan y <span class=\"_ _e\"></span>califican como coberturas de <span class=\"_ _e\"></span>flujos de ef<span class=\"_ _1\"></span>ectivo se <span class=\"_ _e\"></span>recono<span class=\"_ _6\"></span>ce <span class=\"_ _1\"></span>en el <span class=\"_ _e\"></span>ep\u00edgrafe \u201cAjustes en <span class=\"_ _12\"> </span>pat<span class=\"_ _6\"></span>rimonio <span class=\"_ _1a\"> </span>por <span class=\"_ _12\"> </span>valora<span class=\"_ _6\"></span>ci\u00f3n\u201d <span class=\"_ _12\"> </span>del  \u201cEstado  de <span class=\"_ _11\"> </span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _12\"> </span>Global  consolidado\u201d. <span class=\"_ _12\"> </span>La  ganancia <span class=\"_ _12\"> </span>o  la<span class=\"_ _e\"></span> p\u00e9rdida <span class=\"_ _10\"></span>relacionad<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>ineficaz <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>reconoce <span class=\"_ _0\"></span>inmediatamente<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado consolidado,<span class=\"_ _6\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"_ _6\"></span> en valor razo<span class=\"_ _6\"></span>nable de instru<span class=\"_ _6\"></span>mentos financieros\u201d<span class=\"_ _15\"></span></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span>Cuando <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>contrato<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>de <span class=\"_ _1a\"> </span>opci\u00f3n <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>an <span class=\"_ _12\"> </span>para  cubrir <span class=\"_ _11\"> </span>trans<span class=\"_ _6\"></span>acciones <span class=\"_ _12\"> </span>previs<span class=\"_ _6\"></span>tas, <span class=\"_ _12\"> </span>el  grup<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>eval\u00faa  si <span class=\"_ _11\"> </span>dicha<span class=\"_ _6\"></span>s transacciones  son <span class=\"_ _12\"> </span>altamente  probables, <span class=\"_ _12\"> </span>y  en <span class=\"_ _12\"> </span>ese <span class=\"_ _12\"> </span>caso  designa <span class=\"_ _12\"> </span>tanto  el <span class=\"_ _12\"> </span>valor <span class=\"_ _1a\"> </span>intr\u00ednseco <span class=\"_ _12\"> </span>como  el <span class=\"_ _12\"> </span>valor temporal del contrato d<span class=\"_ _6\"></span>e opci\u00f3n co<span class=\"_ _6\"></span>mo instrumento de c<span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>ertura.  Al <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>cobertura,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>esigna <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>documenta <span class=\"_ _15\"></span>formalmente <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>relaciones <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cobe<span class=\"_ _6\"></span>rtura, <span class=\"_ _15\"></span>as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>el objetivo y <span class=\"_ _1\"></span>la estrategia <span class=\"_ _1\"></span>que asume <span class=\"_ _e\"></span>con respecto a <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> mismas. La <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>ocumentaci\u00f3n incluye <span class=\"_ _1\"></span>la identificaci\u00f3n <span class=\"_ _1\"></span>del instrumento de cob<span class=\"_ _6\"></span>ertura, la partida cub<span class=\"_ _6\"></span>ierta, la<span class=\"_ _6\"></span> naturaleza del riesgo cubierto y la forma <span class=\"_ _6\"></span>en la que se mide la eficacia de la cobertu<span class=\"_ _6\"></span>ra.  Igualmente, al <span class=\"_ _e\"></span>inicio de la <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>ertura y <span class=\"_ _1\"></span>de f<span class=\"_ _1\"></span>orma continua ENCE <span class=\"_ _e\"></span>eval\u00faa si la <span class=\"_ _1\"></span>cobertura es <span class=\"_ _e\"></span>eficaz. Dicha eficacia se <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>erifica <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>\u201c<span class=\"_ _6\"></span>test <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>eficacia\u201d <span class=\"_ _10\"></span>dond<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>che<span class=\"_ _6\"></span>quea <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>es <span class=\"_ _10\"></span>esperab<span class=\"_ _6\"></span>le <span class=\"_ _10\"></span>pros<span class=\"_ _6\"></span>pectivamente <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>los cambios en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>valor razonable o <span class=\"_ _e\"></span>en los flujos de <span class=\"_ _e\"></span>efectivo de la <span class=\"_ _1\"></span>partida cubierta (atribuibles <span class=\"_ _1\"></span>al riesgo <span class=\"_ _e\"></span>cub<span class=\"_ _6\"></span>ierto) se compensen razonablemente con los correspondientes al instrumento de cobertura. El<span class=\"_ _1\"></span> valor razonable de<span class=\"_ _1\"></span> los <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>incluye <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ajus<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>cr<span class=\"_ _6\"></span>\u00e9dito <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>for<span class=\"_ _6\"></span>ma <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>variaci<span class=\"_ _15\"></span>ones <span class=\"_ _0\"></span>son <span class=\"_ _0\"></span>consideradas <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la medici\u00f3n de la eficacia.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>realiza <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>evalu<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _10\"></span>cualit<span class=\"_ _6\"></span>ativa <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>eficacia, <span class=\"_ _10\"></span>siempre <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>diciones <span class=\"_ _10\"></span>fund<span class=\"_ _6\"></span>amentales <span class=\"_ _10\"></span>del instrumento <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>partida <span class=\"_ _6\"></span>cubierta <span class=\"_ _15\"></span>coincidan. <span class=\"_ _15\"></span>Cuando <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>condiciones <span class=\"_ _15\"></span>fundamentales <span class=\"_ _15\"></span>no <span class=\"_ _6\"></span>son <span class=\"_ _15\"></span>plenamente coincidentes, <span class=\"_ _12\"> </span>el <span class=\"_ _1a\"> </span>Grupo <span class=\"_ _1a\"> </span>utiliza <span class=\"_ _12\"> </span>un  derivado <span class=\"_ _12\"> </span>hipo<span class=\"_ _6\"></span>t\u00e9tico <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>condiciones  fundamentales <span class=\"_ _12\"> </span>equivalentes <span class=\"_ _12\"> </span>a  la partida cubierta p<span class=\"_ _6\"></span>ara evaluar y medir la inefica<span class=\"_ _6\"></span>cia.<span class=\"_ _6\"></span> ENCE <span class=\"_ _6\"></span>interrumpe <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>relaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cobertura <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>for<span class=\"_ _6\"></span>ma <span class=\"_ _6\"></span>prospectiva <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>\u00f3lo <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>to<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>relaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cobertura <span class=\"_ _6\"></span>deja <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cumplir <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>requ<span class=\"_ _6\"></span>isitos <span class=\"_ _6\"></span>cualificados<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Esto <span class=\"_ _6\"></span>incluye <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>instru<span class=\"_ _6\"></span>mento de <span class=\"_ _e\"></span>cobertura expira, <span class=\"_ _a\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>vendido<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>ejercido, e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>objetivo de <span class=\"_ _a\"></span>g<span class=\"_ _6\"></span>esti\u00f3n del <span class=\"_ _a\"></span>riesgo <span class=\"_ _1\"></span>ha <span class=\"_ _e\"></span>cambia<span class=\"_ _6\"></span>do, <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>efecto <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>riesgo de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _15\"></span>domina <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor, <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>instrumento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cobertura <span class=\"_ _15\"></span>llega <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>liquidado,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o deja <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>existir <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>subyacente <span class=\"_ _0\"></span>cubierto<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>A <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>efectos<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ustituci\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>reno<span class=\"_ _6\"></span>vaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mento <span class=\"_ _10\"></span>de cobertura <span class=\"_ _11\"></span>no <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>una <span class=\"_ _11\"></span>expiraci\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _11\"> </span>finalizaci\u00f3n, <span class=\"_ _11\"></span>siempre <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>sea <span class=\"_ _0\"></span>consistente <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>objetivo documentado de gesti\u00f3n<span class=\"_ _6\"></span> de riesgo del Grupo.<span class=\"_ _6\"></span> En <span class=\"_ _11\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>coberturas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>flujos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>efectivo,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>tras <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>interrup<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>relaci\u00f3n <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>ertura, <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>i<span class=\"_ _6\"></span>mporte acumulado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Otro <span class=\"_ _6\"></span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _6\"></span>Global <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e recono<span class=\"_ _6\"></span>ce <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltados <span class=\"_ _6\"></span>hasta <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>transacci\u00f3n <span class=\"_ _6\"></span>prevista<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tenga lugar. As\u00ed <span class=\"_ _6\"></span>mismo, <span class=\"_ _6\"></span>los importes<span class=\"_ _6\"></span> acumulad<span class=\"_ _6\"></span>os en <span class=\"_ _6\"></span>O<span class=\"_ _6\"></span>tro <span class=\"_ _6\"></span>Resultado Glob<span class=\"_ _6\"></span>al se <span class=\"_ _6\"></span>reclasifican como <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>gresos o<span class=\"_ _6\"></span> gastos financieros cuand<span class=\"_ _6\"></span>o el Grupo no esp<span class=\"_ _6\"></span>era que la trans<span class=\"_ _6\"></span>acci\u00f3n prevista vay<span class=\"_ _6\"></span>a a producirse.<span class=\"_ _6\"></span> Los <span class=\"_ _11\"></span>derivados <span class=\"_ _11\"></span>impl\u00edcitos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>otros <span class=\"_ _0\"></span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>financieros <span class=\"_ _0\"></span>son <span class=\"_ _11\"> </span>contabilizados <span class=\"_ _11\"></span>separadamente <span class=\"_ _0\"></span>cuand<span class=\"_ _6\"></span>o <span class=\"_ _11\"></span>el Grupo <span class=\"_ _1\"></span>considera que <span class=\"_ _e\"></span>sus <span class=\"_ _1\"></span>caracter\u00edsticas <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>riesgos <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>est\u00e1n estrechame<span class=\"_ _1\"></span>nte relacionados <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>strumentos financieros <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>encuentran<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>impl\u00edcitos<span class=\"_ _15\"></span>, <span class=\"_ _10\"></span>siempre <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>instrumento <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>ciero <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>cuesti\u00f3n <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>su conjunto no <span class=\"_ _e\"></span>est\u00e9 siendo <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>tabilizado <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>con cambios <span class=\"_ _e\"></span>en resultados. <span class=\"_ _1\"></span>ENCE <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>tiene <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>erivados impl\u00edcitos que sean o<span class=\"_ _6\"></span>bjeto de contab<span class=\"_ _6\"></span>ilidad separad<span class=\"_ _6\"></span>a. Valor razonable de los<span class=\"_ _6\"></span> instrumen<span class=\"_ _6\"></span>tos financieros derivados<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>determina <span class=\"_ _10\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>siguiente <span class=\"_ _10\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel 1: por observ<span class=\"_ _6\"></span>aci\u00f3n directa de la cotiz<span class=\"_ _6\"></span>aci\u00f3n en mercado<span class=\"_ _6\"></span>s activos, de activ<span class=\"_ _6\"></span>os y pasivos id\u00e9nticos. <span class=\"_ _15\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _6\"></span>2: <span class=\"_ _6\"></span>empleando <span class=\"_ _6\"></span>inputs <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isponibles en <span class=\"_ _6\"></span>mercados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos, <span class=\"_ _6\"></span>diferentes <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios de <span class=\"_ _6\"></span>cotizaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>que </span></span>son aplicables<span class=\"_ _6\"></span> a los activos y pasiv<span class=\"_ _6\"></span>os, tanto directa como in<span class=\"_ _6\"></span>directamente.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _10\"></span>3: <span class=\"_ _0\"></span>utilizando<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>t\u00e9cnicas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valo<span class=\"_ _6\"></span>raci\u00f3n <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>cluyen <span class=\"_ _10\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>mercados </span></span>activos.<span class=\"_ _33\"> </span>La <span class=\"_ _15\"></span>determinaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>uno <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>principa<span class=\"_ _6\"></span>les <span class=\"_ _15\"></span>instrumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _6\"></span> este tipo de instrumentos finan<span class=\"_ _6\"></span>cieros, <span class=\"_ _6\"></span>a partir de datos facilitados por agencias<span class=\"_ _6\"></span> de informaci\u00f3n o d<span class=\"_ _6\"></span>atos de organ<span class=\"_ _6\"></span>ismos oficiales<span class=\"_ _6\"></span>, del siguiente <span class=\"_ _6\"></span>modo:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>de las <span class=\"_ _e\"></span>permutas de <span class=\"_ _e\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s se determ<span class=\"_ _1\"></span>ina <span class=\"_ _1\"></span>actualizando las <span class=\"_ _e\"></span>liqu<span class=\"_ _6\"></span>idaciones <span class=\"_ _1\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _1\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _1\"></span>de tipos swap a largo plazo<span class=\"_ _6\"></span>. Se utiliza la volatilidad imp<span class=\"_ _6\"></span>l\u00edcita para el c\u00e1lcul<span class=\"_ _6\"></span>o de los valo<span class=\"_ _6\"></span>res razonables.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>cas<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>contra<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>tipo <span class=\"_ _12\"> </span>de  cambio <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>futuro, <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>u <span class=\"_ _12\"> </span>valoraci\u00f3n <span class=\"_ _12\"> </span>se  determ<span class=\"_ _1\"></span>ina <span class=\"_ _12\"> </span>utilizan<span class=\"_ _6\"></span>do <span class=\"_ _12\"> </span>las </span></span>cotizaciones <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>contado <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>tipo <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cambio <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>rvas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _6\"></span>mo el empleo de la v<span class=\"_ _6\"></span>olatilidad impl\u00edcita<span class=\"_ _6\"></span> h<span class=\"_ _6\"></span>asta el vencimiento en el cas<span class=\"_ _6\"></span>o de op<span class=\"_ _6\"></span>ciones. <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _12\"> </span>valor  razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>ntratos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>compra<span class=\"_ _6\"></span>venta <span class=\"_ _12\"> </span>de  elementos <span class=\"_ _12\"> </span>no <span class=\"_ _12\"> </span>financi<span class=\"_ _6\"></span>eros <span class=\"_ _12\"> </span>a  los <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _6\"></span>NIIF <span class=\"_ _6\"></span>9 (pre<span class=\"_ _6\"></span>cio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>precio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>principalmente) <span class=\"_ _6\"></span>se calcula<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a partir <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la mejor <span class=\"_ _6\"></span>estima<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>curvas <span class=\"_ _15\"></span>futu<span class=\"_ _6\"></span>ras <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>dichos <span class=\"_ _15\"></span>elementos <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>financieros, <span class=\"_ _15\"></span>existente <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _6\"></span> a plazo.  Los valores <span class=\"_ _1\"></span>razonables se<span class=\"_ _1\"></span> ajustan <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el im<span class=\"_ _1\"></span>pacto esperado <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>riesgo de cr\u00e9dito <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>bservable de <span class=\"_ _e\"></span>la contraparte en <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>cenarios <span class=\"_ _12\"> </span>de  valoraci\u00f3n <span class=\"_ _12\"> </span>positivos, <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>impacto  del <span class=\"_ _11\"> </span>riesgo <span class=\"_ _12\"> </span>de  cr\u00e9dito <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>ropio <span class=\"_ _12\"> </span>ob<span class=\"_ _6\"></span>servable <span class=\"_ _12\"> </span>en <span class=\"_ _1a\"> </span>los escenarios de valo<span class=\"_ _6\"></span>raci\u00f3n negativos<span class=\"_ _6\"></span>. Los <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alores <span class=\"_ _15\"></span>obtenidos <span class=\"_ _10\"></span>utilizando <span class=\"_ _15\"></span>estas <span class=\"_ _10\"></span>t\u00e9cnicas <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _15\"></span>contrastados <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>financieras <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e ENCE tiene contrata<span class=\"_ _6\"></span>dos estos instrumentos<span class=\"_ _6\"></span> financieros.<span class=\"_ _6\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _6\"></span>encuadradas<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el nivel 2 <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>jerarqu\u00eda <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>razonables <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la NIIF 13, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>estar los inputs basad<span class=\"_ _6\"></span>os en precios cotizados p<span class=\"_ _6\"></span>ara ins<span class=\"_ _6\"></span>trumentos similares en mercados a<span class=\"_ _6\"></span>ctivos (no incluido<span class=\"_ _6\"></span>s en el nivel <span class=\"_ _e\"></span>1), <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>cotiza<span class=\"_ _6\"></span>dos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _e\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _e\"></span>id\u00e9nticos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>imilares <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>mercados <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>no <span class=\"_ _1\"></span>son <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>t\u00e9cnicas basadas <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>modelos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>ales <span class=\"_ _11\"> </span>todos <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>inputs <span class=\"_ _12\"> </span>significativos  son <span class=\"_ _11\"></span>observables <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el mercado o <span class=\"_ _6\"></span>pueden <span class=\"_ _6\"></span>ser corrob<span class=\"_ _6\"></span>orados<span class=\"_ _6\"></span> por <span class=\"_ _6\"></span>datos <span class=\"_ _6\"></span>observables de <span class=\"_ _6\"></span>mercado. E<span class=\"_ _6\"></span>n dicha<span class=\"_ _6\"></span> clasifica<span class=\"_ _6\"></span>ci\u00f3n s<span class=\"_ _6\"></span>e ha <span class=\"_ _6\"></span>tenido en <span class=\"_ _6\"></span>consideraci\u00f3n <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ajustes <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>riesgo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _6\"></span>utilizan <span class=\"_ _6\"></span>inpu<span class=\"_ _6\"></span>ts d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>ivel <span class=\"_ _6\"></span>3, <span class=\"_ _6\"></span>como s<span class=\"_ _6\"></span>on las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estimaciones de <span class=\"_ _11\"> </span>cr\u00e9dito <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _11\"> </span>crediticio <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>mpresas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>comparables <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>evaluar <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>pro<span class=\"_ _6\"></span>babilidad <span class=\"_ _12\"> </span>de quiebra <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>sociedad <span class=\"_ _10\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>parte, <span class=\"_ _15\"></span>si <span class=\"_ _15\"></span>bien, <span class=\"_ _10\"></span>dichos <span class=\"_ _15\"></span>ajustes <span class=\"_ _15\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>son <span class=\"_ _15\"></span>significativos<span class=\"_ _6\"></span>. <span class=\"_ _15\"></span>Por <span class=\"_ _15\"></span>otra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>parte, <span class=\"_ _15\"></span>las<span class=\"_ _33\"> </span>contraprestacion<span class=\"_ _6\"></span>es <span class=\"_ _1c\"> </span>contingentes <span class=\"_ _1c\"> </span>y <span class=\"_ _17\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _1c\"> </span>razonables <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1c\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _1c\"> </span>pasivos <span class=\"_ _17\"> </span>in<span class=\"_ _6\"></span>corporados <span class=\"_ _1b\"> </span>en combinaciones de negocios<span class=\"_ _6\"></span> que quedan<span class=\"_ _6\"></span> encuadradas<span class=\"_ _6\"></span> en el nivel 3 de la jerarqu\u00eda (v<span class=\"_ _6\"></span>\u00e9a<span class=\"_ _6\"></span>nse Nota<span class=\"_ _6\"></span>s 4 y 6<span class=\"_ _6\"></span><span class=\"ls19\">).<span class=\"_ _33\"> </span></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-556": {
   "value": "3.8<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Instrumentos finan<span class=\"_ _1\"></span>cieros derivado<span class=\"_ _1\"></span>s y operacion<span class=\"_ _1\"></span>es de cobertura </span>Las actividades del Grupo lo <span class=\"_ _1\"></span>exponen principalmente a riesgos financieros y <span class=\"_ _1\"></span>de mercado de<span class=\"_ _1\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"_ _1\"></span>mbio d\u00f3lar/euro que afectan principalmente a <span class=\"_ _1\"></span>sus ventas de celulosa al cotizar el <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>asta <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>papel <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>mercado <span class=\"_ _15\"></span>internacional <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>\u00f3lares, <span class=\"_ _6\"></span>2) <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>prop<span class=\"_ _6\"></span>ias <span class=\"_ _6\"></span>variaciones <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cambio <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>ventas <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ivisa, 3) <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>variacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>recio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa, <span class=\"_ _10\"></span>del <span class=\"_ _6\"></span>biometano, <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el fuel-oil, <span class=\"_ _6\"></span>el<span class=\"_ _6\"></span> gas <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica, <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>4) <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>evolu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>tip<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inter\u00e9s. <span class=\"_ _15\"></span>Pa<span class=\"_ _15\"></span>ra <span class=\"_ _15\"></span>cubrir <span class=\"_ _10\"></span>estas <span class=\"_ _15\"></span>expos<span class=\"_ _6\"></span>iciones <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Grupo puede <span class=\"_ _e\"></span>utilizar instrumentos <span class=\"_ _e\"></span>financieros derivados. <span class=\"_ _e\"></span>No <span class=\"_ _1\"></span>es <span class=\"_ _e\"></span>pol\u00edtica <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>ENCE contratar <span class=\"_ _e\"></span>instrumentos <span class=\"_ _1\"></span>financieros derivados con<span class=\"_ _6\"></span> fines especulativos<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Estos <span class=\"_ _18\"> </span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>financieros <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>valoran <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>todo <span class=\"_ _18\"> </span>mo<span class=\"_ _6\"></span>mento <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>su <span class=\"_ _18\"> </span>valor <span class=\"_ _18\"> </span>razonable<span class=\"_ _6\"></span>, <span class=\"_ _18\"> </span>registr\u00e1ndose <span class=\"_ _18\"> </span>las variaciones <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>\u201cIns<span class=\"_ _6\"></span>trumentos <span class=\"_ _1\"></span>financieros <span class=\"_ _e\"></span>derivad<span class=\"_ _6\"></span>os\u201d <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Situaci\u00f3n <span class=\"_ _1\"></span>Financiera consolidado s<span class=\"_ _6\"></span>i son negativas, y como \u201cActiv<span class=\"_ _6\"></span>os fi<span class=\"_ _6\"></span><span class=\"ff4\">nancieros </span>\u2013<span class=\"ff4\"> </span>Derivad<span class=\"_ _6\"></span>os de cobertu<span class=\"_ _6\"></span>ra\u201d si son po<span class=\"_ _6\"></span>sitivas.<span class=\"_ _33\"> </span> <span class=\"ff4\"> </span>Los <span class=\"_ _6\"></span>beneficios <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>p\u00e9rdidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de dicha<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>fluctuaciones <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e registra<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Estado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Resultado<span class=\"_ _15\"></span> cons<span class=\"_ _6\"></span>olidado <span class=\"_ _15\"></span>como un re<span class=\"_ _1\"></span>sultado financiero, <span class=\"_ _e\"></span>salv<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>que el <span class=\"_ _e\"></span>derivado o <span class=\"_ _e\"></span>una parte <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>mis<span class=\"_ _6\"></span>mo <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>aya sido <span class=\"_ _e\"></span>designa<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>como instrumento de cobertura y \u00e9sta<span class=\"_ _6\"></span> sea altamente efectiva, en<span class=\"_ _6\"></span> cuyo caso<span class=\"_ _6\"></span> su registro es el siguiente: <span class=\"_ _15\"></span> 1.<span class=\"ls0_1\"> <span class=\"_ _22\"> </span>Coberturas <span class=\"_ _6\"></span>de valo<span class=\"_ _6\"></span>r razon<span class=\"_ _6\"></span>able: el elemento <span class=\"_ _6\"></span>cubierto <span class=\"_ _6\"></span>se v<span class=\"_ _6\"></span>alora <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>su valo<span class=\"_ _6\"></span>r razonab<span class=\"_ _6\"></span>le al <span class=\"_ _6\"></span>igual que <span class=\"_ _6\"></span>el </span>instrumento <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cobertura,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>registr\u00e1nd<span class=\"_ _6\"></span>ose <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>variaciones <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>valor <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>amb<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>en e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Resultado<span class=\"_ _6\"></span> consolidado<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>2.<span class=\"ls0_1\"> <span class=\"_ _22\"> </span>Coberturas de <span class=\"_ _1\"></span>flujos de <span class=\"_ _1\"></span>efectivo: <span class=\"_ _1\"></span>la parte <span class=\"_ _e\"></span>eficaz de <span class=\"_ _1\"></span>los cambios <span class=\"_ _1\"></span>en e<span class=\"_ _1\"></span>l valor <span class=\"_ _e\"></span>razon<span class=\"_ _6\"></span>able de <span class=\"_ _e\"></span>los derivados </span>que se <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>esignan y <span class=\"_ _e\"></span>califican como coberturas de <span class=\"_ _e\"></span>flujos de ef<span class=\"_ _1\"></span>ectivo se <span class=\"_ _e\"></span>recono<span class=\"_ _6\"></span>ce <span class=\"_ _1\"></span>en el <span class=\"_ _e\"></span>ep\u00edgrafe \u201cAjustes en <span class=\"_ _12\"> </span>pat<span class=\"_ _6\"></span>rimonio <span class=\"_ _1a\"> </span>por <span class=\"_ _12\"> </span>valora<span class=\"_ _6\"></span>ci\u00f3n\u201d <span class=\"_ _12\"> </span>del  \u201cEstado  de <span class=\"_ _11\"> </span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _12\"> </span>Global  consolidado\u201d. <span class=\"_ _12\"> </span>La  ganancia <span class=\"_ _12\"> </span>o  la<span class=\"_ _e\"></span> p\u00e9rdida <span class=\"_ _10\"></span>relacionad<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>ineficaz <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>reconoce <span class=\"_ _0\"></span>inmediatamente<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Resultado consolidado,<span class=\"_ _6\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"_ _6\"></span> en valor razo<span class=\"_ _6\"></span>nable de instru<span class=\"_ _6\"></span>mentos financieros\u201d<span class=\"_ _15\"></span></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span>Cuando <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>contrato<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>de <span class=\"_ _1a\"> </span>opci\u00f3n <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>an <span class=\"_ _12\"> </span>para  cubrir <span class=\"_ _11\"> </span>trans<span class=\"_ _6\"></span>acciones <span class=\"_ _12\"> </span>previs<span class=\"_ _6\"></span>tas, <span class=\"_ _12\"> </span>el  grup<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>eval\u00faa  si <span class=\"_ _11\"> </span>dicha<span class=\"_ _6\"></span>s transacciones  son <span class=\"_ _12\"> </span>altamente  probables, <span class=\"_ _12\"> </span>y  en <span class=\"_ _12\"> </span>ese <span class=\"_ _12\"> </span>caso  designa <span class=\"_ _12\"> </span>tanto  el <span class=\"_ _12\"> </span>valor <span class=\"_ _1a\"> </span>intr\u00ednseco <span class=\"_ _12\"> </span>como  el <span class=\"_ _12\"> </span>valor temporal del contrato d<span class=\"_ _6\"></span>e opci\u00f3n co<span class=\"_ _6\"></span>mo instrumento de c<span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>ertura.  Al <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>cobertura,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>esigna <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>documenta <span class=\"_ _15\"></span>formalmente <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>relaciones <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cobe<span class=\"_ _6\"></span>rtura, <span class=\"_ _15\"></span>as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>el objetivo y <span class=\"_ _1\"></span>la estrategia <span class=\"_ _1\"></span>que asume <span class=\"_ _e\"></span>con respecto a <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> mismas. La <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>ocumentaci\u00f3n incluye <span class=\"_ _1\"></span>la identificaci\u00f3n <span class=\"_ _1\"></span>del instrumento de cob<span class=\"_ _6\"></span>ertura, la partida cub<span class=\"_ _6\"></span>ierta, la<span class=\"_ _6\"></span> naturaleza del riesgo cubierto y la forma <span class=\"_ _6\"></span>en la que se mide la eficacia de la cobertu<span class=\"_ _6\"></span>ra.  Igualmente, al <span class=\"_ _e\"></span>inicio de la <span class=\"_ _e\"></span>cob<span class=\"_ _6\"></span>ertura y <span class=\"_ _1\"></span>de f<span class=\"_ _1\"></span>orma continua ENCE <span class=\"_ _e\"></span>eval\u00faa si la <span class=\"_ _1\"></span>cobertura es <span class=\"_ _e\"></span>eficaz. Dicha eficacia se <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>erifica <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>\u201c<span class=\"_ _6\"></span>test <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>eficacia\u201d <span class=\"_ _10\"></span>dond<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>che<span class=\"_ _6\"></span>quea <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>es <span class=\"_ _10\"></span>esperab<span class=\"_ _6\"></span>le <span class=\"_ _10\"></span>pros<span class=\"_ _6\"></span>pectivamente <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>los cambios en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>valor razonable o <span class=\"_ _e\"></span>en los flujos de <span class=\"_ _e\"></span>efectivo de la <span class=\"_ _1\"></span>partida cubierta (atribuibles <span class=\"_ _1\"></span>al riesgo <span class=\"_ _e\"></span>cub<span class=\"_ _6\"></span>ierto) se compensen razonablemente con los correspondientes al instrumento de cobertura. El<span class=\"_ _1\"></span> valor razonable de<span class=\"_ _1\"></span> los <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>incluye <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ajus<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>cr<span class=\"_ _6\"></span>\u00e9dito <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>for<span class=\"_ _6\"></span>ma <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>variaci<span class=\"_ _15\"></span>ones <span class=\"_ _0\"></span>son <span class=\"_ _0\"></span>consideradas <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la medici\u00f3n de la eficacia.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>Grupo <span class=\"_ _0\"></span>realiza <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>evalu<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _10\"></span>cualit<span class=\"_ _6\"></span>ativa <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>eficacia, <span class=\"_ _10\"></span>siempre <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>diciones <span class=\"_ _10\"></span>fund<span class=\"_ _6\"></span>amentales <span class=\"_ _10\"></span>del instrumento <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>partida <span class=\"_ _6\"></span>cubierta <span class=\"_ _15\"></span>coincidan. <span class=\"_ _15\"></span>Cuando <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>condiciones <span class=\"_ _15\"></span>fundamentales <span class=\"_ _15\"></span>no <span class=\"_ _6\"></span>son <span class=\"_ _15\"></span>plenamente coincidentes, <span class=\"_ _12\"> </span>el <span class=\"_ _1a\"> </span>Grupo <span class=\"_ _1a\"> </span>utiliza <span class=\"_ _12\"> </span>un  derivado <span class=\"_ _12\"> </span>hipo<span class=\"_ _6\"></span>t\u00e9tico <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>condiciones  fundamentales <span class=\"_ _12\"> </span>equivalentes <span class=\"_ _12\"> </span>a  la partida cubierta p<span class=\"_ _6\"></span>ara evaluar y medir la inefica<span class=\"_ _6\"></span>cia.<span class=\"_ _6\"></span> ENCE <span class=\"_ _6\"></span>interrumpe <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>relaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cobertura <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>for<span class=\"_ _6\"></span>ma <span class=\"_ _6\"></span>prospectiva <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>\u00f3lo <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>to<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>relaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cobertura <span class=\"_ _6\"></span>deja <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cumplir <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>requ<span class=\"_ _6\"></span>isitos <span class=\"_ _6\"></span>cualificados<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Esto <span class=\"_ _6\"></span>incluye <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>instru<span class=\"_ _6\"></span>mento de <span class=\"_ _e\"></span>cobertura expira, <span class=\"_ _a\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>vendido<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>ejercido, e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>objetivo de <span class=\"_ _a\"></span>g<span class=\"_ _6\"></span>esti\u00f3n del <span class=\"_ _a\"></span>riesgo <span class=\"_ _1\"></span>ha <span class=\"_ _e\"></span>cambia<span class=\"_ _6\"></span>do, <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>efecto <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>riesgo de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _15\"></span>domina <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>cambios <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alor, <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>instrumento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cobertura <span class=\"_ _15\"></span>llega <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>liquidado,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o deja <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>existir <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>subyacente <span class=\"_ _0\"></span>cubierto<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>A <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>efectos<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ustituci\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>reno<span class=\"_ _6\"></span>vaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mento <span class=\"_ _10\"></span>de cobertura <span class=\"_ _11\"></span>no <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>una <span class=\"_ _11\"></span>expiraci\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _11\"> </span>finalizaci\u00f3n, <span class=\"_ _11\"></span>siempre <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>sea <span class=\"_ _0\"></span>consistente <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>objetivo documentado de gesti\u00f3n<span class=\"_ _6\"></span> de riesgo del Grupo.<span class=\"_ _6\"></span> En <span class=\"_ _11\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>coberturas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>flujos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>efectivo,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>tras <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>interrup<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>relaci\u00f3n <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>cob<span class=\"_ _6\"></span>ertura, <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>i<span class=\"_ _6\"></span>mporte acumulado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Otro <span class=\"_ _6\"></span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _6\"></span>Global <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e recono<span class=\"_ _6\"></span>ce <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltados <span class=\"_ _6\"></span>hasta <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>transacci\u00f3n <span class=\"_ _6\"></span>prevista<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tenga lugar. As\u00ed <span class=\"_ _6\"></span>mismo, <span class=\"_ _6\"></span>los importes<span class=\"_ _6\"></span> acumulad<span class=\"_ _6\"></span>os en <span class=\"_ _6\"></span>O<span class=\"_ _6\"></span>tro <span class=\"_ _6\"></span>Resultado Glob<span class=\"_ _6\"></span>al se <span class=\"_ _6\"></span>reclasifican como <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>gresos o<span class=\"_ _6\"></span> gastos financieros cuand<span class=\"_ _6\"></span>o el Grupo no esp<span class=\"_ _6\"></span>era que la trans<span class=\"_ _6\"></span>acci\u00f3n prevista vay<span class=\"_ _6\"></span>a a producirse.<span class=\"_ _6\"></span> Los <span class=\"_ _11\"></span>derivados <span class=\"_ _11\"></span>impl\u00edcitos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>otros <span class=\"_ _0\"></span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>financieros <span class=\"_ _0\"></span>son <span class=\"_ _11\"> </span>contabilizados <span class=\"_ _11\"></span>separadamente <span class=\"_ _0\"></span>cuand<span class=\"_ _6\"></span>o <span class=\"_ _11\"></span>el Grupo <span class=\"_ _1\"></span>considera que <span class=\"_ _e\"></span>sus <span class=\"_ _1\"></span>caracter\u00edsticas <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>riesgos <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>est\u00e1n estrechame<span class=\"_ _1\"></span>nte relacionados <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>strumentos financieros <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>encuentran<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>impl\u00edcitos<span class=\"_ _15\"></span>, <span class=\"_ _10\"></span>siempre <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>instrumento <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>ciero <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>cuesti\u00f3n <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>su conjunto no <span class=\"_ _e\"></span>est\u00e9 siendo <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>tabilizado <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>con cambios <span class=\"_ _e\"></span>en resultados. <span class=\"_ _1\"></span>ENCE <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>tiene <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>erivados impl\u00edcitos que sean o<span class=\"_ _6\"></span>bjeto de contab<span class=\"_ _6\"></span>ilidad separad<span class=\"_ _6\"></span>a. Valor razonable de los<span class=\"_ _6\"></span> instrumen<span class=\"_ _6\"></span>tos financieros derivados<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>determina <span class=\"_ _10\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>siguiente <span class=\"_ _10\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel 1: por observ<span class=\"_ _6\"></span>aci\u00f3n directa de la cotiz<span class=\"_ _6\"></span>aci\u00f3n en mercado<span class=\"_ _6\"></span>s activos, de activ<span class=\"_ _6\"></span>os y pasivos id\u00e9nticos. <span class=\"_ _15\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _6\"></span>2: <span class=\"_ _6\"></span>empleando <span class=\"_ _6\"></span>inputs <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isponibles en <span class=\"_ _6\"></span>mercados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos, <span class=\"_ _6\"></span>diferentes <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios de <span class=\"_ _6\"></span>cotizaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>que </span></span>son aplicables<span class=\"_ _6\"></span> a los activos y pasiv<span class=\"_ _6\"></span>os, tanto directa como in<span class=\"_ _6\"></span>directamente.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _10\"></span>3: <span class=\"_ _0\"></span>utilizando<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>t\u00e9cnicas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valo<span class=\"_ _6\"></span>raci\u00f3n <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>cluyen <span class=\"_ _10\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>mercados </span></span>activos.<span class=\"_ _33\"> </span>La <span class=\"_ _15\"></span>determinaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>uno <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>principa<span class=\"_ _6\"></span>les <span class=\"_ _15\"></span>instrumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _6\"></span> este tipo de instrumentos finan<span class=\"_ _6\"></span>cieros, <span class=\"_ _6\"></span>a partir de datos facilitados por agencias<span class=\"_ _6\"></span> de informaci\u00f3n o d<span class=\"_ _6\"></span>atos de organ<span class=\"_ _6\"></span>ismos oficiales<span class=\"_ _6\"></span>, del siguiente <span class=\"_ _6\"></span>modo:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>de las <span class=\"_ _e\"></span>permutas de <span class=\"_ _e\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s se determ<span class=\"_ _1\"></span>ina <span class=\"_ _1\"></span>actualizando las <span class=\"_ _e\"></span>liqu<span class=\"_ _6\"></span>idaciones <span class=\"_ _1\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _1\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _1\"></span>de tipos swap a largo plazo<span class=\"_ _6\"></span>. Se utiliza la volatilidad imp<span class=\"_ _6\"></span>l\u00edcita para el c\u00e1lcul<span class=\"_ _6\"></span>o de los valo<span class=\"_ _6\"></span>res razonables.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>cas<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>contra<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>tipo <span class=\"_ _12\"> </span>de  cambio <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>futuro, <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>u <span class=\"_ _12\"> </span>valoraci\u00f3n <span class=\"_ _12\"> </span>se  determ<span class=\"_ _1\"></span>ina <span class=\"_ _12\"> </span>utilizan<span class=\"_ _6\"></span>do <span class=\"_ _12\"> </span>las </span></span>cotizaciones <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>contado <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>tipo <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cambio <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>rvas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _6\"></span>mo el empleo de la v<span class=\"_ _6\"></span>olatilidad impl\u00edcita<span class=\"_ _6\"></span> h<span class=\"_ _6\"></span>asta el vencimiento en el cas<span class=\"_ _6\"></span>o de op<span class=\"_ _6\"></span>ciones. <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _12\"> </span>valor  razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>ntratos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>compra<span class=\"_ _6\"></span>venta <span class=\"_ _12\"> </span>de  elementos <span class=\"_ _12\"> </span>no <span class=\"_ _12\"> </span>financi<span class=\"_ _6\"></span>eros <span class=\"_ _12\"> </span>a  los <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _6\"></span>NIIF <span class=\"_ _6\"></span>9 (pre<span class=\"_ _6\"></span>cio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>precio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>principalmente) <span class=\"_ _6\"></span>se calcula<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a partir <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la mejor <span class=\"_ _6\"></span>estima<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>curvas <span class=\"_ _15\"></span>futu<span class=\"_ _6\"></span>ras <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>dichos <span class=\"_ _15\"></span>elementos <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>financieros, <span class=\"_ _15\"></span>existente <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _6\"></span> a plazo.  Los valores <span class=\"_ _1\"></span>razonables se<span class=\"_ _1\"></span> ajustan <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el im<span class=\"_ _1\"></span>pacto esperado <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>riesgo de cr\u00e9dito <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>bservable de <span class=\"_ _e\"></span>la contraparte en <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>cenarios <span class=\"_ _12\"> </span>de  valoraci\u00f3n <span class=\"_ _12\"> </span>positivos, <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>impacto  del <span class=\"_ _11\"> </span>riesgo <span class=\"_ _12\"> </span>de  cr\u00e9dito <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>ropio <span class=\"_ _12\"> </span>ob<span class=\"_ _6\"></span>servable <span class=\"_ _12\"> </span>en <span class=\"_ _1a\"> </span>los escenarios de valo<span class=\"_ _6\"></span>raci\u00f3n negativos<span class=\"_ _6\"></span>. Los <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alores <span class=\"_ _15\"></span>obtenidos <span class=\"_ _10\"></span>utilizando <span class=\"_ _15\"></span>estas <span class=\"_ _10\"></span>t\u00e9cnicas <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _15\"></span>contrastados <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>financieras <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e ENCE tiene contrata<span class=\"_ _6\"></span>dos estos instrumentos<span class=\"_ _6\"></span> financieros.<span class=\"_ _6\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _6\"></span>encuadradas<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el nivel 2 <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>jerarqu\u00eda <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>razonables <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la NIIF 13, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>estar los inputs basad<span class=\"_ _6\"></span>os en precios cotizados p<span class=\"_ _6\"></span>ara ins<span class=\"_ _6\"></span>trumentos similares en mercados a<span class=\"_ _6\"></span>ctivos (no incluido<span class=\"_ _6\"></span>s en el nivel <span class=\"_ _e\"></span>1), <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>cotiza<span class=\"_ _6\"></span>dos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _e\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _e\"></span>id\u00e9nticos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>imilares <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>mercados <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>no <span class=\"_ _1\"></span>son <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>t\u00e9cnicas basadas <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>modelos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>ales <span class=\"_ _11\"> </span>todos <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>inputs <span class=\"_ _12\"> </span>significativos  son <span class=\"_ _11\"></span>observables <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el mercado o <span class=\"_ _6\"></span>pueden <span class=\"_ _6\"></span>ser corrob<span class=\"_ _6\"></span>orados<span class=\"_ _6\"></span> por <span class=\"_ _6\"></span>datos <span class=\"_ _6\"></span>observables de <span class=\"_ _6\"></span>mercado. E<span class=\"_ _6\"></span>n dicha<span class=\"_ _6\"></span> clasifica<span class=\"_ _6\"></span>ci\u00f3n s<span class=\"_ _6\"></span>e ha <span class=\"_ _6\"></span>tenido en <span class=\"_ _6\"></span>consideraci\u00f3n <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ajustes <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>riesgo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _6\"></span>utilizan <span class=\"_ _6\"></span>inpu<span class=\"_ _6\"></span>ts d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>ivel <span class=\"_ _6\"></span>3, <span class=\"_ _6\"></span>como s<span class=\"_ _6\"></span>on las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estimaciones de <span class=\"_ _11\"> </span>cr\u00e9dito <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _11\"> </span>crediticio <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>mpresas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>comparables <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>evaluar <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>pro<span class=\"_ _6\"></span>babilidad <span class=\"_ _12\"> </span>de quiebra <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>sociedad <span class=\"_ _10\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>parte, <span class=\"_ _15\"></span>si <span class=\"_ _15\"></span>bien, <span class=\"_ _10\"></span>dichos <span class=\"_ _15\"></span>ajustes <span class=\"_ _15\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>son <span class=\"_ _15\"></span>significativos<span class=\"_ _6\"></span>. <span class=\"_ _15\"></span>Por <span class=\"_ _15\"></span>otra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>parte, <span class=\"_ _15\"></span>las<span class=\"_ _33\"> </span>contraprestacion<span class=\"_ _6\"></span>es <span class=\"_ _1c\"> </span>contingentes <span class=\"_ _1c\"> </span>y <span class=\"_ _17\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _1c\"> </span>razonables <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1c\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _1c\"> </span>pasivos <span class=\"_ _17\"> </span>in<span class=\"_ _6\"></span>corporados <span class=\"_ _1b\"> </span>en combinaciones de negocios<span class=\"_ _6\"></span> que quedan<span class=\"_ _6\"></span> encuadradas<span class=\"_ _6\"></span> en el nivel 3 de la jerarqu\u00eda (v<span class=\"_ _6\"></span>\u00e9a<span class=\"_ _6\"></span>nse Nota<span class=\"_ _6\"></span>s 4 y 6<span class=\"_ _6\"></span><span class=\"ls19\">).<span class=\"_ _33\"> </span></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-607": {
   "value": "Valor razonable de los<span class=\"_ _6\"></span> instrumen<span class=\"_ _6\"></span>tos financieros derivados<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>valor <span class=\"_ _0\"></span>razonable <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>financieros <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>determina <span class=\"_ _10\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>siguiente <span class=\"_ _10\"></span>jerarqu\u00eda establecida en NIIF 13:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel 1: por observ<span class=\"_ _6\"></span>aci\u00f3n directa de la cotiz<span class=\"_ _6\"></span>aci\u00f3n en mercado<span class=\"_ _6\"></span>s activos, de activ<span class=\"_ _6\"></span>os y pasivos id\u00e9nticos. <span class=\"_ _15\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _6\"></span>2: <span class=\"_ _6\"></span>empleando <span class=\"_ _6\"></span>inputs <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isponibles en <span class=\"_ _6\"></span>mercados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activos, <span class=\"_ _6\"></span>diferentes <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios de <span class=\"_ _6\"></span>cotizaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>que </span></span>son aplicables<span class=\"_ _6\"></span> a los activos y pasiv<span class=\"_ _6\"></span>os, tanto directa como in<span class=\"_ _6\"></span>directamente.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"_ _10\"></span>3: <span class=\"_ _0\"></span>utilizando<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>t\u00e9cnicas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valo<span class=\"_ _6\"></span>raci\u00f3n <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>cluyen <span class=\"_ _10\"></span>inputs <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _10\"></span>est\u00e1n <span class=\"_ _0\"></span>disponibles <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>mercados </span></span>activos.<span class=\"_ _33\"> </span> La <span class=\"_ _15\"></span>determinaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>valor <span class=\"_ _10\"></span>razonable <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cada <span class=\"_ _15\"></span>uno <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>principa<span class=\"_ _6\"></span>les <span class=\"_ _15\"></span>instrumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os se lleva a cabo con el asesoramiento de expertos en<span class=\"_ _6\"></span> este tipo de instrumentos finan<span class=\"_ _6\"></span>cieros, <span class=\"_ _6\"></span>a partir de datos facilitados por agencias<span class=\"_ _6\"></span> de informaci\u00f3n o d<span class=\"_ _6\"></span>atos de organ<span class=\"_ _6\"></span>ismos oficiales<span class=\"_ _6\"></span>, del siguiente <span class=\"_ _6\"></span>modo:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _1\"></span>valor razonable <span class=\"_ _e\"></span>de las <span class=\"_ _e\"></span>permutas de <span class=\"_ _e\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s se determ<span class=\"_ _1\"></span>ina <span class=\"_ _1\"></span>actualizando las <span class=\"_ _e\"></span>liqu<span class=\"_ _6\"></span>idaciones <span class=\"_ _1\"></span>futuras </span></span>entre tipo fijo y <span class=\"_ _1\"></span>variable, seg\u00fan los impl\u00edcitos de mercado obtenidos a partir de las curvas <span class=\"_ _1\"></span>de tipos swap a largo plazo<span class=\"_ _6\"></span>. Se utiliza la volatilidad imp<span class=\"_ _6\"></span>l\u00edcita para el c\u00e1lcul<span class=\"_ _6\"></span>o de los valo<span class=\"_ _6\"></span>res razonables.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>cas<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>contra<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>tipo <span class=\"_ _12\"> </span>de  cambio <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>futuro, <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>u <span class=\"_ _12\"> </span>valoraci\u00f3n <span class=\"_ _12\"> </span>se  determ<span class=\"_ _1\"></span>ina <span class=\"_ _12\"> </span>utilizan<span class=\"_ _6\"></span>do <span class=\"_ _12\"> </span>las </span></span>cotizaciones <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>contado <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>tipo <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cambio <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>rvas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>divisas implicadas, as\u00ed co<span class=\"_ _6\"></span>mo el empleo de la v<span class=\"_ _6\"></span>olatilidad impl\u00edcita<span class=\"_ _6\"></span> h<span class=\"_ _6\"></span>asta el vencimiento en el cas<span class=\"_ _6\"></span>o de op<span class=\"_ _6\"></span>ciones. <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">El <span class=\"_ _12\"> </span>valor  razonable <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>ntratos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>compra<span class=\"_ _6\"></span>venta <span class=\"_ _12\"> </span>de  elementos <span class=\"_ _12\"> </span>no <span class=\"_ _12\"> </span>financi<span class=\"_ _6\"></span>eros <span class=\"_ _12\"> </span>a  los <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>es  de </span></span>aplicaci\u00f3n la <span class=\"_ _6\"></span>NIIF <span class=\"_ _6\"></span>9 (pre<span class=\"_ _6\"></span>cio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>celulosa <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>precio de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>principalmente) <span class=\"_ _6\"></span>se calcula<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a partir <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la mejor <span class=\"_ _6\"></span>estima<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>curvas <span class=\"_ _15\"></span>futu<span class=\"_ _6\"></span>ras <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recios <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>dichos <span class=\"_ _15\"></span>elementos <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>financieros, <span class=\"_ _15\"></span>existente <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"_ _6\"></span> a plazo.  Los valores <span class=\"_ _1\"></span>razonables se<span class=\"_ _1\"></span> ajustan <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el im<span class=\"_ _1\"></span>pacto esperado <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>riesgo de cr\u00e9dito <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>bservable de <span class=\"_ _e\"></span>la contraparte en <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>cenarios <span class=\"_ _12\"> </span>de  valoraci\u00f3n <span class=\"_ _12\"> </span>positivos, <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>impacto  del <span class=\"_ _11\"> </span>riesgo <span class=\"_ _12\"> </span>de  cr\u00e9dito <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>ropio <span class=\"_ _12\"> </span>ob<span class=\"_ _6\"></span>servable <span class=\"_ _12\"> </span>en <span class=\"_ _1a\"> </span>los escenarios de valo<span class=\"_ _6\"></span>raci\u00f3n negativos<span class=\"_ _6\"></span>. Los <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alores <span class=\"_ _15\"></span>obtenidos <span class=\"_ _10\"></span>utilizando <span class=\"_ _15\"></span>estas <span class=\"_ _10\"></span>t\u00e9cnicas <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>on <span class=\"_ _15\"></span>contrastados <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>financieras <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e ENCE tiene contrata<span class=\"_ _6\"></span>dos estos instrumentos<span class=\"_ _6\"></span> financieros.<span class=\"_ _6\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan <span class=\"_ _6\"></span>encuadradas<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el nivel 2 <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>jerarqu\u00eda <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valores <span class=\"_ _6\"></span>razonables <span class=\"_ _6\"></span>establecida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la NIIF 13, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>estar los inputs basad<span class=\"_ _6\"></span>os en precios cotizados p<span class=\"_ _6\"></span>ara ins<span class=\"_ _6\"></span>trumentos similares en mercados a<span class=\"_ _6\"></span>ctivos (no incluido<span class=\"_ _6\"></span>s en el nivel <span class=\"_ _e\"></span>1), <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>cotiza<span class=\"_ _6\"></span>dos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _e\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _e\"></span>id\u00e9nticos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>imilares <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>mercados <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>no <span class=\"_ _1\"></span>son <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>t\u00e9cnicas basadas <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>modelos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>cu<span class=\"_ _6\"></span>ales <span class=\"_ _11\"> </span>todos <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>inputs <span class=\"_ _12\"> </span>significativos  son <span class=\"_ _11\"></span>observables <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el mercado o <span class=\"_ _6\"></span>pueden <span class=\"_ _6\"></span>ser corrob<span class=\"_ _6\"></span>orados<span class=\"_ _6\"></span> por <span class=\"_ _6\"></span>datos <span class=\"_ _6\"></span>observables de <span class=\"_ _6\"></span>mercado. E<span class=\"_ _6\"></span>n dicha<span class=\"_ _6\"></span> clasifica<span class=\"_ _6\"></span>ci\u00f3n s<span class=\"_ _6\"></span>e ha <span class=\"_ _6\"></span>tenido en <span class=\"_ _6\"></span>consideraci\u00f3n <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ajustes <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>riesgo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito <span class=\"_ _6\"></span>utilizan <span class=\"_ _6\"></span>inpu<span class=\"_ _6\"></span>ts d<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>ivel <span class=\"_ _6\"></span>3, <span class=\"_ _6\"></span>como s<span class=\"_ _6\"></span>on las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estimaciones de <span class=\"_ _11\"> </span>cr\u00e9dito <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>funci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _11\"> </span>crediticio <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>mpresas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>comparables <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>evaluar <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>pro<span class=\"_ _6\"></span>babilidad <span class=\"_ _12\"> </span>de quiebra <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>sociedad <span class=\"_ _10\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>parte, <span class=\"_ _15\"></span>si <span class=\"_ _15\"></span>bien, <span class=\"_ _10\"></span>dichos <span class=\"_ _15\"></span>ajustes <span class=\"_ _15\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>son <span class=\"_ _15\"></span>significativos<span class=\"_ _6\"></span>. <span class=\"_ _15\"></span>Por <span class=\"_ _15\"></span>otra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>parte, <span class=\"_ _15\"></span>las<span class=\"_ _33\"> </span>contraprestacion<span class=\"_ _6\"></span>es <span class=\"_ _1c\"> </span>contingentes <span class=\"_ _1c\"> </span>y <span class=\"_ _17\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _1c\"> </span>razonables <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>los <span class=\"_ _1c\"> </span>activos <span class=\"_ _17\"> </span>y <span class=\"_ _1c\"> </span>pasivos <span class=\"_ _17\"> </span>in<span class=\"_ _6\"></span>corporados <span class=\"_ _1b\"> </span>en combinaciones de negocios<span class=\"_ _6\"></span> que quedan<span class=\"_ _6\"></span> encuadradas<span class=\"_ _6\"></span> en el nivel 3 de la jerarqu\u00eda (v<span class=\"_ _6\"></span>\u00e9a<span class=\"_ _6\"></span>nse Nota<span class=\"_ _6\"></span>s 4 y 6<span class=\"_ _6\"></span><span class=\"ls19\">).<span class=\"_ _33\"> </span></span> 15.<span class=\"ff5 ls0_1\"> <span class=\"_ _c\"></span><span class=\"ff3\">Fo<span class=\"_ _6\"></span>ndo de comercio y otros activos intangibles<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>El <span class=\"_ _6\"></span>movimiento <span class=\"_ _15\"></span>habido <span class=\"_ _15\"></span>durante <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>comercio <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las d<span class=\"_ _6\"></span>iferentes <span class=\"_ _6\"></span>cuenta<span class=\"_ _6\"></span>s<span class=\"_ _33\"> </span> de activos inta<span class=\"_ _6\"></span>ngibles y de sus corresp<span class=\"_ _6\"></span>ondientes amortizacion<span class=\"_ _6\"></span>es y deterioros h<span class=\"_ _6\"></span>a sido el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Miles de euros<span class=\"_ _33\"> </span> 31 de diciembre de 2024<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Variaciones<span class=\"_ _33\"> </span> del<span class=\"_ _33\"> </span> per\u00edmetro<span class=\"_ _33\"> </span> (Nota 6)<span class=\"_ _33\"> </span> Adiciones o<span class=\"_ _33\"> </span> dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones<span class=\"_ _33\"> </span> Traspasos  Saldo al<span class=\"_ _33\"> </span> 31/12/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Fondo de comercio  2.737<span class=\"_ _33\"> </span> 4.813<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 7.550<span class=\"_ _33\"> </span> Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> 37.603<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 4<span class=\"_ _33\"> </span> - 1.212 38.819<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 77<span class=\"ls0_1\"> </span>(3.567)<span class=\"_ _33\"> </span> 116<span class=\"ls0_1\"> </span>15.078<span class=\"_ _33\"> </span> Anticipos<span class=\"_ _33\"> </span> 4.448<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 5.815<span class=\"_ _33\"> </span> - (1.372)<span class=\"_ _33\"> </span> 8.891<span class=\"_ _33\"> </span> Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span> el\u00e9ctrica y biometano<span class=\"_ _33\"> </span> 21.002 18.966<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - 39.968<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> 4.787<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 80<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 44<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.911<span class=\"_ _33\"> </span> Otros activos intangibles  6.185<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 172<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 6.357  <span class=\"ff3\">Total coste </span><span class=\"ff3\"> </span>95.214<span class=\"ls0_1\"> </span>23.779<span class=\"_ _33\"> </span><span class=\"ff4 ls0_1\"> </span>6.148<span class=\"ff4 ls0_1\"> </span>(3.567)<span class=\"_ _33\"> </span><span class=\"ff4\"> </span>-<span class=\"ff4\"> </span>121.574<span class=\"_ _33\"> </span><span class=\"ff4 ls0_1\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> (29.656)<span class=\"_ _33\"> </span> - (2.589)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (32.245)<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> (14.348)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (524)<span class=\"_ _33\"> </span> 713<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (14.159)<span class=\"_ _33\"> </span> Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span> el\u00e9ctrica<span class=\"_ _33\"> </span> (3.170)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (843)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (4.013)<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> (475)<span class=\"_ _33\"> </span> (243)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (718)<span class=\"_ _33\"> </span> Otros activos intangibles<span class=\"_ _33\"> </span> (1.950)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (148)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (2.098)  Total amortizaciones   (49.599)<span class=\"_ _33\"> </span> - (4.347)<span class=\"_ _33\"> </span> 713<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (53.233)  Deterioros de valor (Nota 19)  (6.349)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.860<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (3.489)<span class=\"_ _33\"> </span> Total<span class=\"_ _33\"> </span> 39.266<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>64.852<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Miles de euros<span class=\"_ _33\"> </span> 31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Adiciones o<span class=\"_ _33\"> </span> dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones<span class=\"_ _33\"> </span> Traspasos  Saldo al<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> Fondo de comercio  2.737<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.737<span class=\"_ _33\"> </span> Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> 34.767<span class=\"_ _33\"> </span> 143<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 2.693 37.603<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> Anticipos<span class=\"_ _33\"> </span> 1.758<span class=\"_ _33\"> </span> 5.787<span class=\"_ _33\"> </span> - (3.097)<span class=\"_ _33\"> </span> 4.448<span class=\"_ _33\"> </span> Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 21.002<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 21.002<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> 4.578<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 209<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.787<span class=\"_ _33\"> </span> Otros activos intangibles  6.185<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 6.185  Total coste  89.479<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>5.930<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> (195) 95.214<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> (26.986) (2.670)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (29.656)<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> (13.867)<span class=\"_ _33\"> </span> (480)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (14.347)<span class=\"_ _33\"> </span> Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> (2.327)<span class=\"_ _33\"> </span> (843)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (3.170)<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> (246)<span class=\"_ _33\"> </span> (229)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (475)<span class=\"_ _33\"> </span> Otros activos intangibles<span class=\"_ _33\"> </span> (1.809)<span class=\"_ _33\"> </span> (141)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (1.950)  Total amortizaciones   (45.235) (4.363)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (49.598)  Deterioros de valor (Nota 19<span class=\"ls33\">) </span> (6.337)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 13<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(25) (6.349)<span class=\"_ _33\"> </span> Total<span class=\"_ _33\"> </span> 37.906<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>39.266<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>15.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Fondo de c<span class=\"_ _1\"></span>omercio<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff8 fc2\"> </span></span>El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio, <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>4.813 miles <span class=\"_ _e\"></span>\u20ac, tiene <span class=\"_ _e\"></span>su origen <span class=\"_ _e\"></span>en la <span class=\"_ _e\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n<span class=\"_ _6\"></span><span class=\"ff4\">, e<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>diciembre <span class=\"_ _e\"></span>de 2024,<span class=\"_ _33\"> </span></span><span class=\"ff4\"> </span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>participaci\u00f3n <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>ostenta <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>Biometag\u00e1s <span class=\"_ _15\"></span>La <span class=\"_ _15\"></span>Galera, <span class=\"_ _6\"></span>S.L.,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tenedora <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ins<span class=\"_ _6\"></span>talaci\u00f3n<span class=\"_ _33\"> </span> de generaci\u00f3n de biom<span class=\"_ _6\"></span>etano (v\u00e9as<span class=\"_ _6\"></span>e Nota 6).<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio<span class=\"ff6\">, por <span class=\"_ _e\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>2.7<span class=\"_ _6\"></span>37 mile<span class=\"_ _1\"></span>s \u20ac,<span class=\"ff4\"> <span class=\"_ _e\"></span>ti<span class=\"_ _6\"></span>ene <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u origen <span class=\"_ _e\"></span>en la <span class=\"_ _e\"></span>adqu<span class=\"_ _6\"></span>isici\u00f3n de <span class=\"_ _e\"></span>la participaci\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue<span class=\"_ _33\"> </span></span></span><span class=\"ff6\"><span class=\"ff4\"> </span></span>ENCE <span class=\"_ _15\"></span>ostenta <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>Energ\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Loma, <span class=\"_ _15\"></span>S.A. <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00edas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>Man<span class=\"_ _6\"></span>cha <span class=\"_ _15\"></span>ENEMAN, <span class=\"_ _15\"></span>S.A.,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>titulares <span class=\"_ _15\"></span>de<span class=\"_ _33\"> </span> las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>b<span class=\"_ _6\"></span>iomasa <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>bicadas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>J<span class=\"_ _6\"></span>a\u00e9n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Ciudad <span class=\"_ _0\"></span>Re<span class=\"_ _6\"></span>al <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>potencia<span class=\"_ _33\"> </span> instalada <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>16 <span class=\"_ _0\"></span>MW <span class=\"_ _11\"> </span>cada <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ellas<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span>Al <span class=\"_ _11\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>encuentra <span class=\"_ _11\"></span>\u00edntegramente<span class=\"_ _33\"> </span> deteriorado (v\u00e9ase Nota<span class=\"_ _6\"></span> 19).<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 16.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Propiedad, planta y equipo<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>El  movimiento <span class=\"_ _18\"> </span>habido  en  la<span class=\"_ _6\"></span>s  diferentes  cu<span class=\"_ _6\"></span>entas  d<span class=\"_ _6\"></span>e  este  ep\u00edgra<span class=\"_ _6\"></span>fe  del  Es<span class=\"_ _6\"></span>tado  de  Sit<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _18\"> </span>Financiera<span class=\"_ _33\"> </span> consolidado <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de s<span class=\"_ _6\"></span>us <span class=\"_ _6\"></span>correspondientes <span class=\"_ _6\"></span>amortizaciones <span class=\"_ _6\"></span>acu<span class=\"_ _6\"></span>muladas <span class=\"_ _6\"></span>en los<span class=\"_ _6\"></span> ejercicios<span class=\"_ _6\"></span> 202<span class=\"_ _15\"></span>4 y <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>sido <span class=\"_ _6\"></span>el<span class=\"_ _33\"> </span> siguiente:<span class=\"_ _33\"> </span> Miles de euros<span class=\"_ _33\"> </span> 31 de diciembre de 2024<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Variaciones<span class=\"_ _33\"> </span> del<span class=\"_ _33\"> </span> per\u00edmetro<span class=\"_ _33\"> </span> (Nota 6)<span class=\"_ _33\"> </span> Adiciones<span class=\"_ _33\"> </span> o<span class=\"_ _33\"> </span> Dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones Traspasos  Diferencias<span class=\"_ _33\"> </span> de<span class=\"_ _33\"> </span> conversi\u00f3n<span class=\"_ _33\"> </span> y otros<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/12/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Terrenos forestales<span class=\"_ _33\"> </span> 87.856    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 16   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 87.872    Otros terrenos<span class=\"_ _33\"> </span> 16.705    161   <span class=\"ls0_1\"> </span>238   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 398 <span class=\"ls0_1\"> </span>8   <span class=\"ls0_1\"> </span>17.510    Construcciones<span class=\"_ _33\"> </span> 166.250    2.970    160   <span class=\"ls0_1\"> </span>(302)    3.023  -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 172.101    Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span> 1.878.461    423   <span class=\"ls0_1\"> </span>1.821    (16.700)    25.036  5   <span class=\"ls0_1\"> </span>1.889.046    Otro inmovilizado<span class=\"_ _33\"> </span> 59.599    85   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (1.622)    4.026  1   <span class=\"ls0_1\"> </span>62.089    Anticipos e inmovilizado en curso<span class=\"_ _33\"> </span> 43.642    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 54.828    (1.235)    (38.138)    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 59.097    Derecho de uso (Nota 17)<span class=\"_ _33\"> </span> 53.928    3.565    12.347    (4.183)    6.259  -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 71.916     Total coste  2.306.441   <span class=\"ls0_1\"> </span>7.204   <span class=\"ls0_1\"> </span>69.410   <span class=\"ls0_1\"> </span>(24.042)    604 <span class=\"ls0_1\"> </span>14   <span class=\"ls0_1\"> </span>2.359.631   <span class=\"ls0_1\"> </span>Construcciones<span class=\"_ _33\"> </span> (78.818)    (738)    (5.152)    302   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (84.406)    Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span> (1.157.573)    (107)    (73.984)    13.180    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (5)    (1.218.489)    Otro inmovilizado<span class=\"_ _33\"> </span> (36.997)    (73)    (3.036)    1.531    15   <span class=\"ls0_1\"> </span>(1)    (38.561)    Derecho de uso (Nota 17)<span class=\"_ _33\"> </span> (11.637)    (454)    (4.917)    1.252    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (15.756)     Total amortizaciones  (1.285.025)    (1.372)    (87.089)    16.265   <span class=\"ls0_1\"> </span>15   <span class=\"ls0_1\"> </span>(6)    (1.357.212)     Deterioros de valor (Nota 19)  (32.417)    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (228)    4.846   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (27.799)     Total Neto  988.999   <span class=\"ls0_1\"> </span>974.620 Miles de euros<span class=\"_ _33\"> </span>31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span>Adiciones o<span class=\"_ _33\"> </span>Dotaciones<span class=\"_ _33\"> </span>Retiros o<span class=\"_ _33\"> </span>reduccionesTraspasos Diferencias de<span class=\"_ _33\"> </span>conversi\u00f3n y<span class=\"_ _33\"> </span>otros<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span>Terrenos forestales<span class=\"_ _33\"> </span>83.794<span class=\"_ _33\"> </span>4.062<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>87.856<span class=\"_ _33\"> </span>Otros terrenos<span class=\"_ _33\"> </span>15.262<span class=\"_ _33\"> </span>1.369<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>79<span class=\"_ _33\"> </span>(5)<span class=\"_ _33\"> </span>16.705<span class=\"_ _33\"> </span>Construcciones<span class=\"_ _33\"> </span>160.827<span class=\"_ _33\"> </span>425<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>4.998<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>166.250<span class=\"_ _33\"> </span>Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span>1.835.754<span class=\"_ _33\"> </span>3.171<span class=\"_ _33\"> </span>(1.555)41.094<span class=\"_ _33\"> </span>(3)1.878.461<span class=\"_ _33\"> </span>Otro inmovilizado<span class=\"_ _33\"> </span>56.700<span class=\"_ _33\"> </span>93<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.806<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>59.599<span class=\"_ _33\"> </span>Anticipos e inmovilizado en curso<span class=\"_ _33\"> </span>25.169<span class=\"_ _33\"> </span>68.695<span class=\"_ _33\"> </span>(1.871)(48.351)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>43.642<span class=\"_ _33\"> </span>Derecho de uso (Nota 17)<span class=\"_ _33\"> </span>47.345<span class=\"_ _33\"> </span>9.843<span class=\"_ _33\"> </span>(2.829)<span class=\"_ _33\"> </span>(431)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>53.928 Total coste 2.224.851<span class=\"_ _33\"> </span>87.658<span class=\"_ _33\"> </span>(6.255)<span class=\"_ _33\"> </span>195<span class=\"_ _33\"> </span>(8)2.306.441<span class=\"_ _33\"> </span>Construcciones<span class=\"_ _33\"> </span>(73.370)(5.448)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(78.818)<span class=\"_ _33\"> </span>Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span>(1.081.064)(76.562)<span class=\"_ _33\"> </span>44<span class=\"_ _33\"> </span>6<span class=\"_ _33\"> </span>3(1.157.573)<span class=\"_ _33\"> </span>Otro inmovilizado<span class=\"_ _33\"> </span>(34.248)(2.749)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(36.997)<span class=\"_ _33\"> </span>Derecho de uso (Nota 17)<span class=\"_ _33\"> </span>(9.177)(4.653)<span class=\"_ _33\"> </span>2.193<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(11.637) Total amortizaciones (1.197.859)(89.412)<span class=\"_ _33\"> </span>2.237<span class=\"_ _33\"> </span>6<span class=\"_ _33\"> </span>3(1.285.025) Deterioros de valor (Nota 19<span class=\"ls33\">) </span>(43.116)(2.853)<span class=\"_ _33\"> </span>13.527<span class=\"_ _33\"> </span>25<span class=\"_ _33\"> </span>-(32.417) Total Neto 983.876<span class=\"_ _33\"> </span>988.999<span class=\"_ _33\"> </span>17.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Activos por de<span class=\"_ _1\"></span>rechos de uso </span></span>El <span class=\"_ _15\"></span>movimiento <span class=\"_ _15\"></span>habido <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>diferentes <span class=\"_ _15\"></span>cuenta<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>recogen <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>\u201cDerechos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>us<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>sob<span class=\"_ _6\"></span>re <span class=\"_ _6\"></span>activos\u201d<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>su<span class=\"_ _6\"></span>s correspondientes a<span class=\"_ _6\"></span>mortizaciones a<span class=\"_ _6\"></span>cumuladas en 202<span class=\"_ _6\"></span>4 y 202<span class=\"_ _6\"></span>3 ha sido el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _33\"> </span>Miles de euros<span class=\"_ _33\"> </span>31 de diciembre de 2024<span class=\"_ _33\"> </span> Notas<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Variaciones<span class=\"_ _33\"> </span> del per\u00edmetro<span class=\"_ _33\"> </span> (Nota 6)<span class=\"_ _33\"> </span> Adiciones/<span class=\"_ _33\"> </span> Dotaciones Retiros Traspasos<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/12/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Coste -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica<span class=\"_ _33\"> </span> Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>19.898<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 19.898<span class=\"_ _33\"> </span> Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>10.132<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 1.504 (262)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 11.374<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>23.898<span class=\"_ _33\"> </span> 3.565<span class=\"_ _33\"> </span> 10.843 (3.921)<span class=\"_ _33\"> </span> 6.259<span class=\"_ _33\"> </span> 40.644  Coste  53.928<span class=\"ls0_1\"> </span>  <span class=\"ls9\">3.565  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">12.347  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(4.183)      <span class=\"ls9\">6.259  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">71.916  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>Amortizaci\u00f3n -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica<span class=\"_ _33\"> </span> Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>775<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 384<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 1.159<span class=\"_ _33\"> </span> Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2.288<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 619<span class=\"ls0_1\"> </span>(132)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.775<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>8.574<span class=\"_ _33\"> </span> 454<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>3.914 (1.120)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 11.822  Amortizaci\u00f3n  11.637<span class=\"ls0_1\"> </span>  <span class=\"ls9\">454  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">4.917  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(1.252)                         <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">15.756  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span> Total Neto  42.291<span class=\"ls0_1\"> </span>  <span class=\"ls9\">56.160  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(*) Incluye principalmente arrendamientos de oficinas, veh\u00edculos y otra maquinaria de aprovechamiento forestal.<span class=\"_ _33\"> </span> Miles de euros<span class=\"_ _33\"> </span> 31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> Notas<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Adiciones/<span class=\"_ _33\"> </span> Dotaciones Retiros<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> Coste -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span> 19.898<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - 19.898<span class=\"_ _33\"> </span> Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span> 9.633<span class=\"_ _33\"> </span> 1.581<span class=\"_ _33\"> </span> (1.082) 10.132<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span> 17.383<span class=\"_ _33\"> </span> 8.262<span class=\"_ _33\"> </span> (1.747) 23.898  Coste  46.914<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>9.843<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(2.829) 53.928<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Amortizaci\u00f3n -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>384<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>391<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 775<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2.394<span class=\"_ _33\"> </span> 687<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(793)<span class=\"_ _33\"> </span> 2.288<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>6.399<span class=\"_ _33\"> </span> 3.575<span class=\"_ _33\"> </span> (1.400)<span class=\"_ _33\"> </span> 8.574  Amortizaci\u00f3n  9.177<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.653<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(2.193) 11.637<span class=\"ls0_1\"> </span> Total Neto    <span class=\"ls9\">37.737  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">42.291  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(*) Incluye principalmente arrendamientos de oficinas, veh\u00edculos y otra maquinari<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>de aprovechamiento forestal.<span class=\"_ _33\"> </span> 18.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Activos biol\u00f3gicos </span></span>En <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cA<span class=\"_ _6\"></span>ctivos <span class=\"_ _10\"></span>biol\u00f3gicos\u201d <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>incluyen <span class=\"_ _10\"></span>exclusivame<span class=\"_ _6\"></span>nte <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>vuelos <span class=\"_ _0\"></span><span class=\"ff4\">forestales <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>que <span class=\"_ _10\"></span>los<span class=\"_ _33\"> </span></span>terrenos <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>piedad <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Grupo, <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>ubican<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>vuelos <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>presentan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>ep\u00edgrafe <span class=\"_ _e\"></span>\u201c<span class=\"_ _6\"></span>Propiedad, <span class=\"_ _1\"></span>planta<span class=\"_ _33\"> </span>y equipo <span class=\"ff6\">\u2013</span> <span class=\"ff6\">terrenos<span class=\"_ _6\"></span> forestales\u201d. Su v<span class=\"_ _6\"></span>ariaci\u00f3n dura<span class=\"_ _6\"></span>nte los ejercicios 202<span class=\"_ _6\"></span></span>4 y 2023 ha sid<span class=\"_ _6\"></span>o la siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>Miles de euros<span class=\"_ _33\"> </span>31 <span class=\"ls2c\">de </span>diciembre de 2024<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>01/01/2024<span class=\"_ _33\"> </span>Adiciones o<span class=\"_ _33\"> </span>dotaciones<span class=\"_ _33\"> </span>Retiros o<span class=\"_ _33\"> </span>reducciones<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/2024<span class=\"_ _33\"> </span></span></span>Negocio celulosa:<span class=\"_ _33\"> </span>Vuelos forestales  <span class=\"ls0_1\">128.782  </span>  <span class=\"ls0_1\">9.945  </span>         <span class=\"ls0_1\">(5.377)  </span>  <span class=\"ls0_1\">133.350 </span>Agotamiento de la reserva forestal     <span class=\"ls0_1\">(58.366)  </span>        <span class=\"ls0_1\">(9.725)  </span>  <span class=\"ls0_1\">5.300  </span>    <span class=\"ls0_1\">(62.791)  </span>Deterioro de valor (Nota 19)       <span class=\"ls0_1\">(3.508)  </span>           <span class=\"ls0_1\">(979)  </span>                   <span class=\"ls0_1\">-</span>        <span class=\"ls0_1\">(4.487)  </span>  <span class=\"ls9\">66.908  </span>           <span class=\"ls0_1\">(759)  </span>              <span class=\"ls0_1\">(77)  </span>  <span class=\"ls9\">66.072  </span>Negocio energ\u00eda renovable:<span class=\"_ _33\"> </span>Vuelos forestales  <span class=\"ls0_1\">2.051  </span>  <span class=\"ls9\">47  </span>                   <span class=\"ls0_1\">-</span>    <span class=\"ls0_1\">2.098  </span>Agotamiento de la reserva forestal       <span class=\"ls0_1\">(1.752)  </span>                  <span class=\"ls0_1\">-</span>                     <span class=\"ls0_1\">-</span>        <span class=\"ls0_1\">(1.752)  </span>Deterioro de valor (Nota 19)            <span class=\"ls0_1\">(96) </span>                  <span class=\"ls0_1\">-</span>                     <span class=\"ls0_1\">-</span>             <span class=\"ls0_1\">(96)  </span>  <span class=\"ls9\">203  </span>  <span class=\"ls9\">47  </span>                   <span class=\"ls0_1\">-</span>    <span class=\"ls9\">250  </span>  <span class=\"ls9\">67.111  </span>  <span class=\"ls9\">66.322<span class=\"_ _33\"> </span></span><span class=\"ls9\">  </span>Miles de euros<span class=\"_ _33\"> </span>31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span>Adiciones o<span class=\"_ _33\"> </span>dotaciones<span class=\"_ _33\"> </span>Retiros o<span class=\"_ _33\"> </span>reducciones<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span>Negocio celulosa:<span class=\"_ _33\"> </span>Vuelos forestales<span class=\"_ _33\"> </span>116.700<span class=\"_ _33\"> </span>16.450<span class=\"_ _33\"> </span>(4.368)<span class=\"_ _33\"> </span>128.782<span class=\"_ _33\"> </span>Agotamiento de la reserva forestal<span class=\"_ _33\"> </span>(53.815)<span class=\"_ _33\"> </span>(8.797)<span class=\"_ _33\"> </span>4.246<span class=\"_ _33\"> </span>(58.366)<span class=\"_ _33\"> </span>Deterioro de valor (Nota 19)<span class=\"_ _33\"> </span>(2.508)<span class=\"_ _33\"> </span>(1.000)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(3.508)<span class=\"_ _33\"> </span>60.377<span class=\"_ _33\"> </span>6.653<span class=\"_ _33\"> </span>(122)<span class=\"_ _33\"> </span>66.908<span class=\"_ _33\"> </span>Negocio energ\u00eda renovable:<span class=\"_ _33\"> </span>Vuelos forestales<span class=\"_ _33\"> </span>2.002<span class=\"_ _33\"> </span>49<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.051<span class=\"_ _33\"> </span>Agotamiento de la reserva forestal<span class=\"_ _33\"> </span>(1.752)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(1.752)<span class=\"_ _33\"> </span>Deterioro de valor (Nota 19)<span class=\"_ _33\"> </span>(96)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(96)<span class=\"_ _33\"> </span>154<span class=\"_ _33\"> </span>49<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>203<span class=\"_ _33\"> </span>60.531<span class=\"_ _33\"> </span>67.111<span class=\"_ _33\"> </span>ENCE se adju<span class=\"_ _6\"></span>dic\u00f3 en 2023 el p<span class=\"_ _6\"></span>atrimonio forestal d<span class=\"_ _6\"></span>e Sniace u<span class=\"_ _6\"></span>bicado en Can<span class=\"_ _6\"></span>tabria, qu<span class=\"_ _6\"></span>e incluye un tota<span class=\"_ _6\"></span>l 3.362<span class=\"_ _33\"> </span>hect\u00e1reas <span class=\"_ _6\"></span>forestales<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>117 <span class=\"_ _6\"></span>hect\u00e1reas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>son<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>propiedad <span class=\"_ _6\"></span>(v\u00e9as<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Nota <span class=\"_ _15\"></span>16), <span class=\"_ _6\"></span>cinco <span class=\"_ _15\"></span>huertos <span class=\"_ _15\"></span>semilleros<span class=\"_ _33\"> </span>de eucalipto <span class=\"_ _e\"></span>N<span class=\"_ _6\"></span>itens y <span class=\"_ _1\"></span>dos espe<span class=\"_ _1\"></span>cies come<span class=\"_ _1\"></span>rciales de <span class=\"_ _1\"></span>eucalipto<span class=\"_ _6\"></span> Gl\u00f3bulus, resistentes a <span class=\"_ _e\"></span>las plagas locales <span class=\"_ _e\"></span>de este<span class=\"_ _33\"> </span>cultivo por un<span class=\"_ _6\"></span> importe conjunto de 10,8 millones<span class=\"_ _6\"></span> \u20ac. Por <span class=\"_ _6\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>realizad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _6\"></span>labores <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>lantaci\u00f3n <span class=\"_ _15\"></span>en 1.<span class=\"_ _6\"></span><span class=\"lse\">615</span> <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ect\u00e1reas <span class=\"_ _6\"></span>y<span class=\"_ _33\"> </span>1.273<span class=\"ls0_1\"> <span class=\"_ _12\"> </span>hect\u00e1reas<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>respectivamente,  y <span class=\"_ _11\"> </span>ha  ejecutado <span class=\"_ _12\"> </span>labores <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>conservaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>elvicultura <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>obre <span class=\"_ _12\"> </span>1<span class=\"_ _15\"></span>8.901<span class=\"_ _33\"> </span></span>hect\u00e1reas <span class=\"_ _e\"></span>y 19.878 <span class=\"_ _a\"></span>hect\u00e1reas<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>resp<span class=\"_ _6\"></span>ectivamente, <span class=\"_ _e\"></span>lo <span class=\"_ _1\"></span>que <span class=\"_ _e\"></span>ha supuesto <span class=\"_ _e\"></span>una <span class=\"_ _e\"></span>inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>por <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>de 9.992 <span class=\"_ _a\"></span>mi<span class=\"_ _6\"></span>les<span class=\"_ _33\"> </span>\u20ac y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"ff4\">9.866 <span class=\"_ _6\"></span></span>miles <span class=\"_ _6\"></span>\u20ac, <span class=\"_ _6\"></span>respectivamente. Una <span class=\"_ _15\"></span>parte<span class=\"ff4\"> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e esta<span class=\"_ _6\"></span>s inversion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>8.<span class=\"lse\">915</span> <span class=\"_ _6\"></span></span>miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>202<span class=\"ff4\">4 <span class=\"_ _6\"></span><span class=\"ls35\">y<span class=\"_ _33\"> </span></span></span>8.779 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _15\"></span>\u20ac <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span></span>3 <span class=\"_ _6\"></span><span class=\"ff6\">se <span class=\"_ _15\"></span>reco<span class=\"_ _6\"></span>gen <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ep\u00edg<span class=\"_ _6\"></span>rafe <span class=\"_ _6\"></span>\u201cTrabaj<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>realizad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>empresa <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>inmovilizado\u201d<span class=\"_ _33\"> </span></span>del Estado d<span class=\"_ _6\"></span>e Resultado consolidado. Por <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>parte, <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Grupo <span class=\"_ _6\"></span>ha <span class=\"_ _15\"></span>capitalizado <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>ejercicio <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>importe <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>1.0<span class=\"_ _6\"></span><span class=\"lse\">29</span> <span class=\"_ _6\"></span>miles <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>euro<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>(<span class=\"_ _6\"></span>1.012 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac<span class=\"_ _33\"> </span></span>en <span class=\"_ _11\"> </span>2023<span class=\"_ _6\"></span>) <span class=\"_ _12\"> </span>correspon<span class=\"_ _6\"></span>diente <span class=\"_ _11\"> </span>a  cuotas <span class=\"_ _11\"> </span>po<span class=\"_ _6\"></span>r <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>erecho <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>costes <span class=\"_ _12\"> </span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>t<span class=\"_ _6\"></span>errenos <span class=\"_ _12\"> </span>des<span class=\"_ _6\"></span>tinados <span class=\"_ _12\"> </span>al<span class=\"_ _33\"> </span>desarrollo de activo<span class=\"_ _6\"></span>s biol\u00f3gicos (v<span class=\"_ _6\"></span>\u00e9ase Nota 17).<span class=\"_ _33\"> </span>ENCE <span class=\"_ _15\"></span>suscribi\u00f3 <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2018 <span class=\"_ _15\"></span>diversos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>acuerdos <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>largo <span class=\"_ _15\"></span>plazo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>venta <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>madera <span class=\"_ _15\"></span>procedente<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>patrimonio<span class=\"_ _33\"> </span>forestal ubicado en el <span class=\"_ _6\"></span>Sur de <span class=\"_ _6\"></span>Espa\u00f1<span class=\"_ _6\"></span>a. Los acuerdos es<span class=\"_ _6\"></span>t\u00e1n vigentes hasta<span class=\"_ _6\"></span> diciembre de 2030 y<span class=\"_ _6\"></span> los vol\u00famenes<span class=\"_ _33\"> </span>acordados s<span class=\"_ _6\"></span>e sit\u00faan entre 170.000 toneladas<span class=\"_ _6\"></span> y 24<span class=\"_ _6\"></span>0.000 toneladas<span class=\"_ _6\"></span> anuales<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>18.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Detalle de v<span class=\"_ _1\"></span>uelos forestales </span></span>El <span class=\"_ _1\"></span>Grupo ge<span class=\"_ _1\"></span>stiona en <span class=\"_ _e\"></span>la Pen\u00ednsula <span class=\"_ _e\"></span>Ib\u00e9rica una <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>uperficie <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>atrimonial bruta total <span class=\"_ _e\"></span>de 70.100 <span class=\"_ _e\"></span>hect\u00e1reas, con <span class=\"_ _1\"></span>una<span class=\"_ _33\"> </span>superficie total planta<span class=\"_ _6\"></span>da de 4<span class=\"_ _6\"></span>9.354 hect\u00e1<span class=\"_ _6\"></span>reas. El deta<span class=\"_ _6\"></span>lle de los<span class=\"_ _6\"></span> vuelos fores<span class=\"_ _6\"></span>tales al 31 de <span class=\"_ _6\"></span>diciembre de 202<span class=\"_ _6\"></span>4<span class=\"_ _33\"> </span>y 2023 es el siguiente:<span class=\"_ _33\"> </span>Pen\u00ednsula Ib\u00e9rica<span class=\"_ _33\"> </span> A\u00f1o 2024<span class=\"_ _33\"> </span> A\u00f1o 20<span class=\"ls9\">23<span class=\"_ _33\"> </span></span> Valor Neto<span class=\"_ _33\"> </span> Contable<span class=\"_ _33\"> </span> en Miles \u20ac<span class=\"_ _33\"> </span><span class=\"ff4\"> </span>Valor Neto<span class=\"_ _33\"> </span> Contable<span class=\"_ _33\"> </span> en Miles \u20ac<span class=\"_ _33\"> </span><span class=\"ff4\"> </span>Hect\u00e1reas (*)<span class=\"_ _33\"> </span> Hect\u00e1reas (*)<span class=\"_ _33\"> </span> Edad en A\u00f1os<span class=\"_ _33\"> </span> &gt; 17<span class=\"_ _33\"> </span> 1.391<span class=\"_ _33\"> </span> 2.626<span class=\"_ _33\"> </span> 1.658<span class=\"_ _33\"> </span> 2.722<span class=\"_ _33\"> </span> 14 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> </span></span>16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.677<span class=\"_ _33\"> </span> 9.962<span class=\"_ _33\"> </span> 5.226 12.135<span class=\"_ _33\"> </span> 11 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> </span></span>13<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>6.285 12.430<span class=\"_ _33\"> </span> 7.135 15.832<span class=\"_ _33\"> </span> 8 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> </span></span>10<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>5.645<span class=\"_ _33\"> </span> 7.239<span class=\"_ _33\"> </span> 5.923<span class=\"_ _33\"> </span> 7.825<span class=\"_ _33\"> </span> 4 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> 7<span class=\"_ _33\"> </span></span></span><span class=\"ff6 ls0_1\"><span class=\"ff4\"> </span></span>12.212 14.589<span class=\"_ _33\"> </span> 11.176 12.524<span class=\"_ _33\"> </span> 0 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> 3<span class=\"_ _33\"> </span></span></span><span class=\"ff6 ls0_1\"><span class=\"ff4\"> </span></span>19.144 24.059<span class=\"_ _33\"> </span> 18.072 19.677<span class=\"_ _33\"> </span> Deterioro activos biol\u00f3gicos<span class=\"_ _33\"> </span> - (4.583)<span class=\"_ _33\"> </span> - (3.604)<span class=\"_ _33\"> </span> 49.354<span class=\"ls0_1\"> </span>66.322<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>49.190<span class=\"ls0_1\"> </span>67.111<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(*) Superficie patrimonial p<span class=\"_ _6\"></span>lantada<span class=\"_ _33\"> </span> Adicionalmente, <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>pat<span class=\"_ _6\"></span>rimonio <span class=\"_ _10\"></span>gestionad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>incluye <span class=\"_ _15\"></span>2.594 <span class=\"_ _10\"></span>hect\u00e1reas <span class=\"_ _10\"></span>ubicadas <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>Portugal <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>ENCE <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>endi\u00f3<span class=\"_ _33\"> </span> en 2013, <span class=\"_ _e\"></span>al suscribirse un acue<span class=\"_ _1\"></span>rdo con <span class=\"_ _1\"></span>el comprador <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara la <span class=\"_ _e\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, a <span class=\"_ _1\"></span>precios de <span class=\"_ _e\"></span>mercado,<span class=\"_ _6\"></span> de <span class=\"_ _e\"></span>la madera<span class=\"_ _33\"> </span> producida en la<span class=\"_ _6\"></span> superficie vendida <span class=\"_ _6\"></span>durante un <span class=\"_ _6\"></span>periodo d<span class=\"_ _6\"></span>e 20 a\u00f1os.<span class=\"_ _33\"> </span> 19.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Resultados de <span class=\"_ _1\"></span>los test de deter<span class=\"_ _1\"></span>ioro </span></span><span class=\"ff5\"><span class=\"ff8 fc2\"> </span></span>Plantas de generaci\u00f3n<span class=\"_ _6\"></span> de energ\u00eda con b<span class=\"_ _6\"></span>iomasa<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Las <span class=\"_ _15\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _15\"></span>sido <span class=\"_ _15\"></span>deterioradas <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>ejercicios <span class=\"_ _15\"></span>anteriores<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>han <span class=\"_ _15\"></span>sido <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>plan<span class=\"_ _6\"></span>tas <span class=\"_ _6\"></span>H<span class=\"_ _6\"></span>U <span class=\"_ _6\"></span>41<span class=\"_ _33\"> </span> MW, <span class=\"_ _10\"></span>JA <span class=\"_ _10\"></span>16 <span class=\"_ _0\"></span>MW, <span class=\"_ _10\"></span>CR <span class=\"_ _10\"></span>16 <span class=\"_ _10\"></span>MW <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>CO <span class=\"_ _10\"></span>27 <span class=\"_ _10\"></span>MW <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _10\"></span>Nota<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>1)<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>E<span class=\"ls11\">n <span class=\"_ _10\"></span></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _0\"></span>2024 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2023<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>han <span class=\"_ _0\"></span>revertido<span class=\"_ _33\"> </span> deterioros <span class=\"_ _0\"></span>netos <span class=\"_ _11\"></span>dotados <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ichas <span class=\"_ _0\"></span>insta<span class=\"_ _6\"></span>laciones <span class=\"_ _11\"></span>en <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>3.4<span class=\"lse\">12</span> <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac <span class=\"_ _0\"></span>y<span class=\"_ _33\"> </span></span><span class=\"ff6\"> </span>10.592 <span class=\"_ _6\"></span><span class=\"ff6\">mi<span class=\"_ _6\"></span>les <span class=\"_ _15\"></span>\u20ac,</span> <span class=\"_ _15\"></span>respectivamente, <span class=\"_ _10\"></span>como <span class=\"_ _15\"></span>consecuencia, <span class=\"_ _10\"></span>principalmente, <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>modificaciones <span class=\"_ _15\"></span>regulatorias<span class=\"_ _6\"></span>,<span class=\"_ _33\"> </span> de la <span class=\"_ _e\"></span>evoluci\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> precios de <span class=\"_ _1\"></span>la e<span class=\"_ _1\"></span>nerg\u00eda el\u00e9ctrica y <span class=\"_ _e\"></span>la<span class=\"_ _6\"></span> evoluci\u00f3n de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> costes de <span class=\"_ _e\"></span>la biomasa<span class=\"_ _6\"></span>. El valor <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>eto<span class=\"_ _33\"> </span> contable <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>estas <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>stalaciones <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>cierre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _10\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>ascienden <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>12,7 <span class=\"_ _15\"></span>millones <span class=\"_ _0\"></span><span class=\"ff6 lse\">\u20ac <span class=\"_ _15\"></span></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>16,1<span class=\"_ _33\"> </span> millones <span class=\"ff6\">\u20ac, respectivam<span class=\"_ _6\"></span>ente.<span class=\"_ _33\"> </span></span> El valor recuperab<span class=\"_ _6\"></span>le y el valor <span class=\"_ _6\"></span>neto contable de las<span class=\"_ _6\"></span> Unidades Generadoras<span class=\"_ _6\"></span> de Efectivo<span class=\"_ _6\"></span> sobre las q<span class=\"_ _6\"></span>ue se han<span class=\"_ _33\"> </span> llevado a <span class=\"_ _1\"></span>cabo <span class=\"_ _1\"></span>test de <span class=\"_ _e\"></span>deterioro en 2024 <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>cienden a<span class=\"_ _1\"></span> 4<span class=\"lse\">63 <span class=\"_ _e\"></span><span class=\"ff6 ls0_1\">millones \u20ac y<span class=\"_ _1\"></span> <span class=\"ff4 lse\">348 <span class=\"_ _e\"></span><span class=\"ff6 ls0_1\">millones \u20ac, respe<span class=\"_ _1\"></span>ctivamente (4<span class=\"ff4 lse\">38<span class=\"_ _33\"> </span></span></span></span></span></span><span class=\"lse\"><span class=\"ff6 ls0_1\"><span class=\"ff4 lse\"><span class=\"ff6 ls0_1\"><span class=\"ff4 lse\"><span class=\"ls0_1\"> </span></span></span></span></span></span>millones \u20ac y <span class=\"ff4 lse\">358 </span>mi<span class=\"_ _6\"></span>llones \u20ac, respectivamente, en 2<span class=\"_ _6\"></span>02<span class=\"ff4\">3).<span class=\"_ _33\"> </span></span>Activos biol\u00f3gicos<span class=\"_ _6\"></span> Al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>2024 <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>2023 <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>importe <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>deterioros de <span class=\"_ _a\"></span>valor <span class=\"_ _1\"></span>reconocidos <span class=\"_ _1\"></span>en <span class=\"_ _a\"></span>los <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _1\"></span>biol\u00f3gicos del Grupo asciend<span class=\"_ _6\"></span>e a 4.583 <span class=\"ff6\">m<span class=\"_ _6\"></span>iles \u20ac y </span>3<span class=\"ff6\">.604 <span class=\"_ _6\"></span>miles \u20ac, respecti<span class=\"_ _6\"></span>vamente.</span> <span class=\"ls12\">Est<span class=\"ls1d\">os</span></span> d<span class=\"_ _6\"></span>eterioros se han<span class=\"_ _6\"></span> determinado a partir de los<span class=\"_ _6\"></span> an\u00e1lisis y metodolog\u00eda <span class=\"_ _6\"></span>descritos en la<span class=\"_ _6\"></span> Nota 3.4.<span class=\"_ _6\"></span> Existencias Los <span class=\"_ _11\"> </span>repues<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>Grupo <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>deterioran <span class=\"_ _11\"> </span>atendiendo <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>su <span class=\"_ _12\"> </span>lenta <span class=\"_ _11\"> </span>rotaci\u00f3n. <span class=\"_ _12\"> </span>En <span class=\"_ _11\"> </span>este <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>entido, <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>deterioros comienzan <span class=\"_ _12\"> </span>a <span class=\"_ _1a\"> </span>reconocerse  cuando <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>activ<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>no  ha <span class=\"_ _11\"> </span>presenta<span class=\"_ _6\"></span>do <span class=\"_ _12\"> </span>movimiento <span class=\"_ _12\"> </span>en  el <span class=\"_ _11\"> </span>\u00fa<span class=\"_ _6\"></span>ltimo <span class=\"_ _12\"> </span>a\u00f1o<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>van incrementando <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>forma <span class=\"_ _15\"></span>lineal <span class=\"_ _15\"></span>has<span class=\"_ _6\"></span>ta <span class=\"_ _6\"></span>alcanza<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>100% <span class=\"_ _15\"></span>cuand<span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>activo <span class=\"_ _15\"></span>no <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>presenta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>movimiento <span class=\"_ _15\"></span>en los \u00faltimos cinco <span class=\"_ _6\"></span>a\u00f1os <span class=\"_ _6\"></span>(v\u00e9ase Nota 20)<span class=\"lsf\">. </span> Asimismo, <span class=\"_ _6\"></span>ENCE <span class=\"_ _6\"></span>dota<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>deterioros <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>cepto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Valor <span class=\"_ _6\"></span>N<span class=\"_ _6\"></span>eto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Realizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>(VNR) <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _6\"></span>existencias <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e producto <span class=\"_ _15\"></span>terminado <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>materias <span class=\"_ _6\"></span>primas<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>precios <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>venta <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e la <span class=\"_ _15\"></span>celulosa, <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>etos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>escuentos <span class=\"_ _6\"></span>y costes <span class=\"_ _0\"></span>comerciales <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>log\u00eds<span class=\"_ _6\"></span>ticos,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>sit\u00faan <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>de<span class=\"_ _6\"></span>bajo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>cos<span class=\"_ _6\"></span>te <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>producci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>obre <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>yectos <span class=\"_ _0\"></span>en promoci\u00f3n, <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>ando <span class=\"_ _1\"></span>el <span class=\"_ _a\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>realizaci\u00f3n estimado <span class=\"_ _e\"></span>es <span class=\"_ _e\"></span>inferior <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _e\"></span>incurridos <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>desarro<span class=\"_ _6\"></span>llo <span class=\"_ _e\"></span>(v\u00e9ase Nota 20)<span class=\"lsf\">. </span> 19.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Principales h<span class=\"_ _1\"></span>ip\u00f3tesis </span></span>Las <span class=\"_ _15\"></span>pro<span class=\"_ _6\"></span>yecciones <span class=\"_ _15\"></span>utiliza<span class=\"_ _6\"></span>das <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>test <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>deterioro <span class=\"_ _15\"></span>coin<span class=\"_ _6\"></span>ciden <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>mejor <span class=\"_ _15\"></span>informaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>pros<span class=\"_ _6\"></span>pectiva <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la que <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>pone <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>recogen <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>planes <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>versi\u00f3n, <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>objetivos <span class=\"_ _15\"></span>estrat\u00e9gicos <span class=\"_ _15\"></span>vinculados <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>generaci\u00f3n de energ\u00eda renovab<span class=\"_ _6\"></span>le y la protecci\u00f3n del med<span class=\"_ _6\"></span>io ambient<span class=\"_ _6\"></span>e y la vida <span class=\"_ _6\"></span>\u00fatil prevista de los a<span class=\"_ _6\"></span>ctivos productiv<span class=\"_ _6\"></span>os. Dichas <span class=\"_ _23\"> </span>proyecciones <span class=\"_ _23\"> </span>incorporan <span class=\"_ _25\"> </span>h<span class=\"_ _6\"></span>ip\u00f3tesis <span class=\"_ _25\"> </span>s<span class=\"_ _6\"></span>obre <span class=\"_ _25\"> </span>producci\u00f3n/generaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _25\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _23\"> </span>y <span class=\"_ _25\"> </span>otras <span class=\"_ _23\"> </span>variables fundamentales <span class=\"_ _17\"> </span>que <span class=\"_ _1e\"> </span>es<span class=\"_ _6\"></span>t\u00e1n <span class=\"_ _1e\"> </span>sopo<span class=\"_ _6\"></span>rtadas <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>informaci\u00f3n <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>mercado <span class=\"_ _17\"> </span>prospectiva <span class=\"_ _17\"> </span>dis<span class=\"_ _6\"></span>ponible, <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>datos macroecon\u00f3micos <span class=\"_ _1c\"> </span>y <span class=\"_ _1c\"> </span>estudios <span class=\"_ _1c\"> </span>espec\u00edficos <span class=\"_ _17\"> </span>realizados<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>po<span class=\"_ _6\"></span>r <span class=\"_ _17\"> </span>expertos <span class=\"_ _1c\"> </span>independien<span class=\"_ _15\"></span>tes <span class=\"_ _1c\"> </span>o <span class=\"_ _17\"> </span>bien <span class=\"_ _1c\"> </span>por <span class=\"_ _1c\"> </span>dato<span class=\"_ _1\"></span>s hist\u00f3ricos.  Plantas de generaci\u00f3n<span class=\"_ _6\"></span> de energ\u00eda con b<span class=\"_ _6\"></span>iomasa<span class=\"_ _6\"></span> Generaci\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>insta<span class=\"_ _6\"></span>laciones. <span class=\"_ _17\"> </span>Se <span class=\"_ _17\"> </span>han <span class=\"_ _17\"> </span>considerado <span class=\"_ _17\"> </span>h<span class=\"_ _6\"></span>oras <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>funcion<span class=\"_ _6\"></span>amiento <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>cada <span class=\"_ _17\"> </span>insta<span class=\"_ _6\"></span>laci\u00f3n coherentes <span class=\"_ _1\"></span>con sus <span class=\"_ _e\"></span>prod<span class=\"_ _6\"></span>ucciones hist\u00f3ricas y <span class=\"_ _e\"></span>sin asumir <span class=\"_ _e\"></span>incidentes con <span class=\"_ _1\"></span>efectos <span class=\"_ _1\"></span>relevantes en <span class=\"_ _e\"></span>la producci\u00f3n.<span class=\"_ _33\"> </span>Ingresos. <span class=\"_ _6\"></span>Se han<span class=\"_ _6\"></span> cons<span class=\"_ _6\"></span>iderado los p<span class=\"_ _6\"></span>recios del <span class=\"_ _6\"></span>mercado <span class=\"_ _6\"></span>OMIE <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>futuros <span class=\"_ _6\"></span>disponibles, en <span class=\"_ _6\"></span>el ran<span class=\"_ _6\"></span>go <span class=\"_ _6\"></span><span class=\"lse\">70 <span class=\"_ _6\"></span></span><span class=\"ff6\">\u20ac/MWh </span>en 2025 y 52<span class=\"_ _6\"></span> <span class=\"ff6\">\u20ac/MWh<span class=\"_ _6\"></span> </span>en 2026<span class=\"_ _6\"></span>, y precios a<span class=\"_ _6\"></span> partir de<span class=\"_ _6\"></span> 2027 <span class=\"_ _6\"></span>en el rango<span class=\"_ _6\"></span> 56 <span class=\"_ _6\"></span><span class=\"ff6\">\u20ac/MWh \u2013</span> <span class=\"ls36\">74</span> <span class=\"ff6\">\u20ac/M<span class=\"_ _6\"></span>Wh, as<span class=\"_ _6\"></span>\u00ed como los </span>mecanismos de a<span class=\"_ _6\"></span>poyo existe<span class=\"_ _6\"></span>ntes en<span class=\"_ _6\"></span> la regulaci\u00f3n<span class=\"_ _6\"></span> actual. E<span class=\"_ _6\"></span>n relaci\u00f3n a<span class=\"_ _6\"></span> los<span class=\"_ _6\"></span> ingresos regula<span class=\"_ _6\"></span>dos, \u00e9sto<span class=\"_ _6\"></span>s se han estimado <span class=\"_ _1e\"> </span>considerando <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>regulaci\u00f3n <span class=\"_ _1e\"> </span>vigente <span class=\"_ _1e\"> </span>al <span class=\"_ _1e\"> </span>cierre <span class=\"_ _1e\"> </span>del <span class=\"_ _1e\"> </span>ejercicio <span class=\"_ _1e\"> </span>que, <span class=\"_ _1e\"> </span>entre <span class=\"_ _1e\"> </span>otros,<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>garan<span class=\"_ _6\"></span>tiza <span class=\"_ _1e\"> </span>una rentabilidad razon<span class=\"_ _6\"></span>able m\u00ednima, p<span class=\"_ _6\"></span>ara una instalaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo bien gestionada, d<span class=\"_ _6\"></span>el 7,4%  Costes de operaci\u00f3n<span class=\"_ _6\"></span> e inversi\u00f3n. Se han con<span class=\"_ _6\"></span>siderado costes y capex de man<span class=\"_ _6\"></span>tenimiento coherentes co<span class=\"_ _6\"></span>n los incurridos en los<span class=\"_ _6\"></span> \u00faltimos a\u00f1<span class=\"_ _6\"></span>os. Costes de biomas<span class=\"_ _6\"></span>a en l\u00ednea con la<span class=\"_ _6\"></span> media hist\u00f3rica po<span class=\"_ _6\"></span>r tipo de insumo.<span class=\"_ _6\"></span> Tasas de crecimiento en el <span class=\"_ _6\"></span>entorn<span class=\"_ _6\"></span>o del 1,7% y tas<span class=\"_ _6\"></span>as de d<span class=\"_ _6\"></span>escuento antes de impuesto<span class=\"_ _6\"></span>s del 7,4%.<span class=\"_ _33\"> </span>19.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Sensibilidades<span class=\"_ _1\"></span><span class=\"ff3\"> </span></span></span>Plantas de generaci\u00f3n<span class=\"_ _6\"></span> de energ\u00eda con b<span class=\"_ _6\"></span>iomasa<span class=\"_ _6\"></span> Una <span class=\"_ _15\"></span>disminuci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>curv<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>precios <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>aumento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>curv<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>precios <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>biomasa <span class=\"_ _15\"></span>del 5% <span class=\"_ _15\"></span>provocar\u00eda <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>incremento <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>deterioro <span class=\"_ _10\"></span>registrado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>importe <span class=\"_ _15\"></span>de <span class=\"_ _0\"></span><span class=\"lse\">0,</span>2 <span class=\"_ _15\"></span>millones <span class=\"_ _10\"></span><span class=\"ff6\">\u20ac <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>3,4 <span class=\"_ _10\"></span>millones <span class=\"_ _15\"></span>\u20ac, </span>respectivamente.  Activos biol\u00f3gicos<span class=\"_ _6\"></span> Un <span class=\"_ _15\"></span>incremento <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>precio <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>mercado <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>madera <span class=\"_ _10\"></span>del <span class=\"_ _6\"></span>3% <span class=\"_ _10\"></span>permitir\u00eda <span class=\"_ _10\"></span>redu<span class=\"_ _6\"></span>cir <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>deter<span class=\"_ _6\"></span>ioro <span class=\"_ _15\"></span>registrad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>en 1,3 millones<span class=\"ff6\">\u20ac</span>. Por su parte un<span class=\"_ _1\"></span>a reducci\u00f3n en el <span class=\"_ _1\"></span>precio de venta de <span class=\"_ _1\"></span>la madera del 3%<span class=\"_ _1\"></span> implicar\u00eda el registro de un deterioro adicion<span class=\"_ _6\"></span>al por 6,<span class=\"_ _6\"></span>9 <span class=\"ff6\">millones \u20ac.<span class=\"_ _33\"> </span></span>La <span class=\"_ _6\"></span>valoraci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financieros <span class=\"_ _6\"></span>derivados <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>realizado <span class=\"_ _6\"></span>considerando<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>informaci\u00f3n de <span class=\"_ _6\"></span>niv<span class=\"_ _6\"></span>el 2, <span class=\"_ _18\"> </span>esto <span class=\"_ _18\"> </span>es,<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>utilizando<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>variables <span class=\"_ _18\"> </span>diferentes<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>precios <span class=\"_ _1e\"> </span>cotizado<span class=\"_ _6\"></span>s, <span class=\"_ _18\"> </span>que <span class=\"_ _1e\"> </span>son <span class=\"_ _18\"> </span>observab<span class=\"_ _6\"></span>les <span class=\"_ _18\"> </span>bien <span class=\"_ _18\"> </span>directa <span class=\"_ _18\"> </span>o<span class=\"_ _6\"></span> indirectamente <span class=\"_ _6\"></span>(v<span class=\"_ _6\"></span>\u00e9ase <span class=\"_ _6\"></span>N<span class=\"_ _6\"></span>ota <span class=\"_ _15\"></span>3.8). <span class=\"_ _15\"></span>Por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>arte, <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonable <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>traprestaci\u00f3n contingente se utilizan<span class=\"_ _6\"></span> variabl<span class=\"_ _6\"></span>es del nivel 3<span class=\"_ _6\"></span> incluyendo los<span class=\"_ _6\"></span> t\u00e9rminos del <span class=\"_ _6\"></span>contrato de v<span class=\"_ _6\"></span>enta, el conoci<span class=\"_ _6\"></span>miento por parte del Grupo d<span class=\"_ _6\"></span>e su negocio y<span class=\"_ _6\"></span> los efectos del entorno<span class=\"_ _6\"></span> econ\u00f3mi<span class=\"_ _6\"></span>co actual.<span class=\"_ _33\"> </span>El valor <span class=\"_ _1\"></span>razonable de <span class=\"_ _1\"></span>los activos y <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>asivos financieros valorados a <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>te amortizado, <span class=\"_ _1\"></span>entre los que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e incluye la <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>contrata<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s <span class=\"_ _15\"></span>fijo <span class=\"_ _6\"></span>(v\u00e9ans<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Not<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>5 <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>28), <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>difiere <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>forma <span class=\"_ _15\"></span>significativa <span class=\"_ _15\"></span>del importe al que se encuentra<span class=\"_ _6\"></span>n registra<span class=\"_ _6\"></span>dos.<span class=\"_ _33\"> </span>Siguiendo la pol\u00edtica d<span class=\"_ _6\"></span>e gesti\u00f3n d<span class=\"_ _6\"></span>e riesgos financieros d<span class=\"_ _6\"></span>escrita en la N<span class=\"_ _6\"></span>ota 5, el Grupo reali<span class=\"_ _6\"></span>za contrata<span class=\"_ _6\"></span>ciones de instrumentos fin<span class=\"_ _6\"></span>ancieros derivad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>principalmente para cub<span class=\"_ _6\"></span>rir sus riesgos<span class=\"_ _6\"></span> financieros.<span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>este ep\u00edgrafe <span class=\"_ _1\"></span>del Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _e\"></span>Consolidad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _e\"></span>de 202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023 que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>corresponde <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _15\"></span>financieros <span class=\"_ _15\"></span>derivados <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>esas <span class=\"_ _15\"></span>fechas, <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el siguiente<span class=\"ls24\">:<span class=\"_ _33\"> </span></span><span class=\"ls24\"> <span class=\"_ _6\"></span></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "3.10<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Existencias </span></span>Las existen<span class=\"_ _6\"></span>cias de materias<span class=\"_ _6\"></span> primas <span class=\"_ _6\"></span>se valo<span class=\"_ _6\"></span>ran al coste <span class=\"_ _6\"></span>de adquisici\u00f3n, q<span class=\"_ _6\"></span>ue incluy<span class=\"_ _6\"></span>e el importe con<span class=\"_ _6\"></span>signado <span class=\"_ _6\"></span>en factura <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _11\"></span>todos <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>costes <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>incurre <span class=\"_ _0\"></span>hasta <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>bien <span class=\"_ _0\"></span>es<span class=\"_ _6\"></span>t\u00e1 <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>ENCE. <span class=\"_ _11\"></span>Las existencias <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>produ<span class=\"_ _6\"></span>ctos <span class=\"_ _0\"></span>terminados <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>curs<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>fabricaci\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>valoran <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>coste <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>producci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se determina  incorp<span class=\"_ _6\"></span>orando <span class=\"_ _18\"> </span>el  coste <span class=\"_ _18\"> </span>de  los <span class=\"_ _18\"> </span>materiales,  ma<span class=\"_ _6\"></span>no <span class=\"_ _18\"> </span>de  obra, <span class=\"_ _18\"> </span>y  gasto<span class=\"_ _6\"></span>s  directos <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>generales  de fabricaci\u00f3n.  En la asigna<span class=\"_ _6\"></span>ci\u00f3n de valor a sus inventa<span class=\"_ _6\"></span>rios el Grupo utiliza<span class=\"_ _6\"></span> el m\u00e9todo del coste m<span class=\"_ _6\"></span>edio ponderado. <span class=\"_ _15\"></span> El Grupo realiza deterioros de sus existencias, con cargo a <span class=\"_ _1\"></span>resultados de e<span class=\"_ _1\"></span>xplotaci\u00f3n, para ajustar su valor al valor <span class=\"_ _11\"> </span>estimado<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>real<span class=\"_ _6\"></span>izaci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>cuando<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>\u00e9ste <span class=\"_ _11\"> </span>es <span class=\"_ _12\"> </span>inferior <span class=\"_ _11\"> </span>a<span class=\"_ _6\"></span>l <span class=\"_ _11\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>coste. <span class=\"_ _11\"> </span>Cuand<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>las <span class=\"_ _12\"> </span>circuns<span class=\"_ _6\"></span>tancias <span class=\"_ _12\"> </span>que previamente causaron la<span class=\"_ _6\"></span> correcci\u00f3n de va<span class=\"_ _6\"></span>lor dejan d<span class=\"_ _6\"></span>e existir se procede a revertir d<span class=\"_ _6\"></span>ichos deterioros.<span class=\"_ _6\"></span> Derechos de em<span class=\"_ _6\"></span>isi\u00f3n de gases de efecto<span class=\"_ _6\"></span> invernadero para uso propio<span class=\"_ _15\"></span>- Los <span class=\"_ _0\"></span>derechos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>ad<span class=\"_ _6\"></span>quiridos,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cuyo <span class=\"_ _0\"></span>destino <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fundamentalmente <span class=\"_ _0\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>utilizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>procesos productivos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>registra<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>existencias <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>valoran <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n, <span class=\"_ _10\"></span>calculado mediante <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>m\u00e9todo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>nderado, <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>ien, <span class=\"_ _6\"></span>a s<span class=\"_ _6\"></span>u valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>estimado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>realizaci\u00f3n, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i es<span class=\"_ _6\"></span>te \u00fa<span class=\"_ _6\"></span>ltimo es inferior.  Los <span class=\"_ _11\"> </span>derechos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>misi\u00f3n <span class=\"_ _11\"> </span>rec<span class=\"_ _6\"></span>ibidos <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>t\u00edtulo <span class=\"_ _12\"> </span>gratuito,  conforme<span class=\"_ _1\"></span> <span class=\"_ _11\"> </span>al <span class=\"_ _12\"> </span>r\u00e9gimen <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>co<span class=\"_ _6\"></span>mercio <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>derecho<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>de emisi\u00f3n, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _11\"> </span>a <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>valor <span class=\"_ _11\"></span>venal, <span class=\"_ _0\"></span>registr\u00e1<span class=\"_ _6\"></span>ndose <span class=\"_ _11\"></span>com<span class=\"_ _1\"></span>o <span class=\"_ _11\"></span>contrapartida <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>por <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>mismo <span class=\"_ _11\"> </span>importe, <span class=\"_ _11\"></span>una subvenci\u00f3n de capital. Dicha subvenci\u00f3n se imputa a resultados a medida que se consumen los derechos de emisi\u00f3n recibidos.<span class=\"_ _6\"></span> Por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>sumo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>derechos <span class=\"_ _15\"></span>realizado <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>largo <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>registra <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>gasto <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>l\u00ednea <span class=\"_ _6\"></span>\u201cOtros <span class=\"_ _15\"></span>Gastos de <span class=\"_ _6\"></span>explotaci\u00f3n\u201d<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>solidado, <span class=\"_ _15\"></span>reconociendo <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>prov<span class=\"_ _6\"></span>isi\u00f3n <span class=\"_ _6\"></span>cuyo <span class=\"_ _15\"></span>importe <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>calcu<span class=\"_ _6\"></span>la en <span class=\"_ _15\"></span>funci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>derechos <span class=\"_ _15\"></span>c<span class=\"_ _6\"></span>onsu<span class=\"_ _6\"></span>midos, <span class=\"_ _15\"></span>valo<span class=\"_ _6\"></span>rad<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>su <span class=\"_ _15\"></span>coste <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>corresp<span class=\"_ _6\"></span>onde <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el valor <span class=\"_ _e\"></span>en libros <span class=\"_ _a\"></span>para <span class=\"_ _1\"></span>aquellos <span class=\"_ _e\"></span>derechos <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>posean <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>cierre <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>period<span class=\"_ _6\"></span>o, <span class=\"_ _e\"></span>con e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>valor <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>compra <span class=\"_ _e\"></span>establecido en los contratos de compra a plazo d<span class=\"_ _6\"></span>isponibles, y con el valor de mercado al cierre d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>eriodo para el resto de derechos. Cuando <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>derechos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>consumidos <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>entregan <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>autoridades, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>dan <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>baja <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"></span>de Situaci\u00f3n Financiera consolidado tanto las existencias de <span class=\"_ _e\"></span>derechos<span class=\"_ _6\"></span> como la provisi\u00f3n con<span class=\"_ _1\"></span>stituida asociada al consumo de dicho<span class=\"_ _6\"></span>s derechos<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Certificados de <span class=\"_ _6\"></span>garant\u00eda de origen <span class=\"_ _6\"></span>renovable<span class=\"_ _6\"></span>- Los <span class=\"_ _18\"> </span>certificados  de <span class=\"_ _18\"> </span>garant\u00eda<span class=\"_ _6\"></span>  de <span class=\"_ _18\"> </span>origen <span class=\"_ _18\"> </span>renovable  g<span class=\"_ _6\"></span>enerados<span class=\"_ _6\"></span>  en <span class=\"_ _18\"> </span>la  p<span class=\"_ _6\"></span>roducci\u00f3n <span class=\"_ _18\"> </span>de  energ\u00eda <span class=\"_ _18\"> </span>a  partir <span class=\"_ _18\"> </span>de instalaciones p<span class=\"_ _6\"></span>ropias que hacen uso de recursos <span class=\"_ _6\"></span>renovables<span class=\"_ _6\"></span> se <span class=\"ff6\">registran el cap\u00edtulo \u201cExistencias\u201d<span class=\"_ _6\"></span> del Estado </span>de <span class=\"_ _6\"></span>Situaci\u00f3n <span class=\"_ _15\"></span>Financiera <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>valoran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonable <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>certificaci\u00f3n<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Posteriormente,<span class=\"_ _6\"></span> se valoran al menor <span class=\"_ _6\"></span>entre su coste y<span class=\"_ _6\"></span> su valor neto d<span class=\"_ _6\"></span>e realizaci\u00f3n.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-557": {
   "value": "Derechos de em<span class=\"_ _6\"></span>isi\u00f3n de gases de efecto<span class=\"_ _6\"></span> invernadero para uso propio<span class=\"_ _15\"></span>- Los <span class=\"_ _0\"></span>derechos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _0\"></span>ad<span class=\"_ _6\"></span>quiridos,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cuyo <span class=\"_ _0\"></span>destino <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>fundamentalmente <span class=\"_ _0\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>utilizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>procesos productivos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>registra<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>existencias <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>valoran <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n, <span class=\"_ _10\"></span>calculado mediante <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>m\u00e9todo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>nderado, <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>ien, <span class=\"_ _6\"></span>a s<span class=\"_ _6\"></span>u valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>estimado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>realizaci\u00f3n, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i es<span class=\"_ _6\"></span>te \u00fa<span class=\"_ _6\"></span>ltimo es inferior.  Los <span class=\"_ _11\"> </span>derechos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>misi\u00f3n <span class=\"_ _11\"> </span>rec<span class=\"_ _6\"></span>ibidos <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>t\u00edtulo <span class=\"_ _12\"> </span>gratuito,  conforme<span class=\"_ _1\"></span> <span class=\"_ _11\"> </span>al <span class=\"_ _12\"> </span>r\u00e9gimen <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>co<span class=\"_ _6\"></span>mercio <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>derecho<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>de emisi\u00f3n, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _11\"> </span>a <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>valor <span class=\"_ _11\"></span>venal, <span class=\"_ _0\"></span>registr\u00e1<span class=\"_ _6\"></span>ndose <span class=\"_ _11\"></span>com<span class=\"_ _1\"></span>o <span class=\"_ _11\"></span>contrapartida <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>por <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>mismo <span class=\"_ _11\"> </span>importe, <span class=\"_ _11\"></span>una subvenci\u00f3n de capital. Dicha subvenci\u00f3n se imputa a resultados a medida que se consumen los derechos de emisi\u00f3n recibidos.<span class=\"_ _6\"></span> Por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>sumo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>derechos <span class=\"_ _15\"></span>realizado <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>largo <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>registra <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>gasto <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>l\u00ednea <span class=\"_ _6\"></span>\u201cOtros <span class=\"_ _15\"></span>Gastos de <span class=\"_ _6\"></span>explotaci\u00f3n\u201d<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>solidado, <span class=\"_ _15\"></span>reconociendo <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>prov<span class=\"_ _6\"></span>isi\u00f3n <span class=\"_ _6\"></span>cuyo <span class=\"_ _15\"></span>importe <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>calcu<span class=\"_ _6\"></span>la en <span class=\"_ _15\"></span>funci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>derechos <span class=\"_ _15\"></span>c<span class=\"_ _6\"></span>onsu<span class=\"_ _6\"></span>midos, <span class=\"_ _15\"></span>valo<span class=\"_ _6\"></span>rad<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>su <span class=\"_ _15\"></span>coste <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>corresp<span class=\"_ _6\"></span>onde <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el valor <span class=\"_ _e\"></span>en libros <span class=\"_ _a\"></span>para <span class=\"_ _1\"></span>aquellos <span class=\"_ _e\"></span>derechos <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>posean <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>cierre <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>period<span class=\"_ _6\"></span>o, <span class=\"_ _e\"></span>con e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>valor <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>compra <span class=\"_ _e\"></span>establecido en los contratos de compra a plazo d<span class=\"_ _6\"></span>isponibles, y con el valor de mercado al cierre d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>eriodo para el resto de derechos. Cuando <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>derechos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>consumidos <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>entregan <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>autoridades, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>dan <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>baja <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _10\"></span>de Situaci\u00f3n Financiera consolidado tanto las existencias de <span class=\"_ _e\"></span>derechos<span class=\"_ _6\"></span> como la provisi\u00f3n con<span class=\"_ _1\"></span>stituida asociada al consumo de dicho<span class=\"_ _6\"></span>s derechos<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Certificados de <span class=\"_ _6\"></span>garant\u00eda de origen <span class=\"_ _6\"></span>renovable<span class=\"_ _6\"></span>- Los <span class=\"_ _18\"> </span>certificados  de <span class=\"_ _18\"> </span>garant\u00eda<span class=\"_ _6\"></span>  de <span class=\"_ _18\"> </span>origen <span class=\"_ _18\"> </span>renovable  g<span class=\"_ _6\"></span>enerados<span class=\"_ _6\"></span>  en <span class=\"_ _18\"> </span>la  p<span class=\"_ _6\"></span>roducci\u00f3n <span class=\"_ _18\"> </span>de  energ\u00eda <span class=\"_ _18\"> </span>a  partir <span class=\"_ _18\"> </span>de instalaciones p<span class=\"_ _6\"></span>ropias que hacen uso de recursos <span class=\"_ _6\"></span>renovables<span class=\"_ _6\"></span> se <span class=\"ff6\">registran el cap\u00edtulo \u201cExistencias\u201d<span class=\"_ _6\"></span> del Estado </span>de <span class=\"_ _6\"></span>Situaci\u00f3n <span class=\"_ _15\"></span>Financiera <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>valoran<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonable <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>certificaci\u00f3n<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Posteriormente,<span class=\"_ _6\"></span> se valoran al menor <span class=\"_ _6\"></span>entre su coste y<span class=\"_ _6\"></span> su valor neto d<span class=\"_ _6\"></span>e realizaci\u00f3n.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmissionRightsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "3.11<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Subvencione<span class=\"_ _1\"></span>s </span></span>Las subvencion<span class=\"_ _6\"></span>es de capital no reintegrables, asociadas a inversiones en a<span class=\"_ _6\"></span>ctivos productivos, se valoran por el <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>razonable <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>importe <span class=\"_ _15\"></span>concedido, <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>eto <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>costes <span class=\"_ _15\"></span>incurridos <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>obtenci\u00f3n, <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reconocen<span class=\"_ _6\"></span> cuando se <span class=\"_ _e\"></span>han cumplido <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>requisitos asociados a <span class=\"_ _e\"></span>su concesi\u00f3n. <span class=\"_ _e\"></span>Es<span class=\"_ _6\"></span>tas <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ubvenciones se <span class=\"_ _e\"></span>imputa<span class=\"_ _6\"></span>n <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>resultados<span class=\"_ _33\"> </span>en el e<span class=\"_ _1\"></span>p\u00edgrafe \u201c<span class=\"ff4\">Otros ingresos de explotaci\u00f3n<span class=\"_ _6\"></span></span>\u201d en proporci\u00f3n a la dotaci\u00f3n a <span class=\"_ _1\"></span>la amortizaci\u00f3n efectuada en el per\u00edodo para los<span class=\"_ _6\"></span> elementos s<span class=\"_ _6\"></span>ubvencionado<span class=\"_ _6\"></span>s o, en s<span class=\"_ _6\"></span>u caso, cuando<span class=\"_ _6\"></span> se produzca<span class=\"_ _6\"></span> su en<span class=\"_ _15\"></span>ajenaci\u00f3n o<span class=\"_ _6\"></span> correcci\u00f3n valorativa p<span class=\"_ _6\"></span>or deterioro.<span class=\"_ _33\"> </span>Por <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ubvenciones <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>explotaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>i<span class=\"_ _6\"></span>mputan <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>resultados <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ep\u00edgrafe<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>\u201cOt<span class=\"_ _6\"></span>ros <span class=\"_ _0\"></span>ingresos <span class=\"_ _0\"></span>de explotaci\u00f3n\u201d <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se conc<span class=\"_ _6\"></span>eden, ex<span class=\"_ _6\"></span>cepto <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>se con<span class=\"_ _6\"></span>ceden para <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciar <span class=\"_ _6\"></span>gastos <span class=\"_ _6\"></span>espec\u00edficos, en cuyo caso la<span class=\"_ _6\"></span> imputaci\u00f3n s<span class=\"_ _6\"></span>e realizar\u00e1 a medida q<span class=\"_ _6\"></span>ue se devenguen los<span class=\"_ _6\"></span> gastos subvencion<span class=\"_ _6\"></span>ados.<span class=\"_ _6\"></span> Los <span class=\"_ _18\"> </span>pr\u00e9stamos <span class=\"_ _18\"> </span>subvencion<span class=\"_ _6\"></span>ados <span class=\"_ _18\"> </span>sin <span class=\"_ _18\"> </span>inter\u00e9s <span class=\"_ _18\"> </span>o <span class=\"_ _18\"> </span>a  un<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>tipo  de <span class=\"_ _18\"> </span>inter\u00e9s <span class=\"_ _18\"> </span>inferior <span class=\"_ _18\"> </span>al <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>mercado, <span class=\"_ _18\"> </span>otorgados principalmente <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>financiar <span class=\"_ _10\"></span>proyectos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>I+D+i <span class=\"_ _10\"></span>e <span class=\"_ _10\"></span>inversiones <span class=\"_ _10\"></span>produ<span class=\"_ _6\"></span>ctivas, <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>registran <span class=\"_ _10\"></span>inicialmente <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>su valor razonable en <span class=\"_ _e\"></span>el ep\u00edgrafe \u201cOtros <span class=\"_ _1\"></span>pasivos financieros\u201d del <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _1\"></span>consolidado<span class=\"_ _6\"></span>. La<span class=\"_ _1\"></span> diferencia <span class=\"_ _11\"></span>entre <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>importe<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>recibido <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>pr\u00e9stamo <span class=\"_ _0\"></span>y <span class=\"_ _11\"> </span>su<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>valor <span class=\"_ _0\"></span>ra<span class=\"_ _6\"></span>zonable <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>re<span class=\"_ _6\"></span>gistra <span class=\"_ _11\"> </span>inicialmente <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el ep\u00edgrafe <span class=\"_ _10\"></span>\u201cSubv<span class=\"_ _6\"></span>enciones\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>Fina<span class=\"_ _6\"></span>nciera <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>solidado, <span class=\"_ _0\"></span>imput\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>result<span class=\"_ _15\"></span><span class=\"ff4\">ados <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el </span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cSub<span class=\"_ _6\"></span>venciones <span class=\"_ _11\"></span>transferidas <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>res<span class=\"_ _6\"></span>ultado <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>ejercicio\u201d <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>medida <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>activos <span class=\"_ _0\"></span>financiad<span class=\"_ _6\"></span>os <span class=\"_ _11\"></span>con dicho pr\u00e9stamo s<span class=\"_ _6\"></span>e amortizan.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "3.13<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Provisiones <span class=\"_ _1\"></span>y contingencia<span class=\"_ _e\"></span>s<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"><span class=\"_ _6\"></span> </span></span>ENCE recoge provisiones para hacer <span class=\"_ _1\"></span>frente a obligaciones presentes, ya <span class=\"_ _1\"></span>sean legales o impl\u00edcitas, que tienen<span class=\"_ _1\"></span> su orige<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>sucesos ya <span class=\"_ _e\"></span>acaec<span class=\"_ _6\"></span>idos,<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>siempre <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ea <span class=\"_ _1\"></span>probabl<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _1\"></span>vaya a <span class=\"_ _e\"></span>ser necesaria <span class=\"_ _e\"></span>una<span class=\"_ _6\"></span> salida <span class=\"_ _e\"></span>de recursos para liquidarlas<span class=\"_ _6\"></span>, y que su importe se p<span class=\"_ _6\"></span>ueda <span class=\"_ _6\"></span>estimar razonablement<span class=\"_ _6\"></span>e.  Su <span class=\"_ _e\"></span>dota<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _e\"></span>se e<span class=\"_ _1\"></span>fect\u00faa <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>nacimiento <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>responsab<span class=\"_ _6\"></span>ilidad <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>obligaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>cargo<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ep\u00edgrafe del <span class=\"_ _e\"></span>Estad<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>Resultado <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>solidado<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>corr<span class=\"_ _6\"></span>esponda <span class=\"_ _6\"></span>seg\u00fan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>naturaleza <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>obligaci\u00f3n, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>resente <span class=\"_ _6\"></span>de la <span class=\"_ _1c\"> </span>misma <span class=\"_ _17\"> </span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _1c\"> </span>el <span class=\"_ _17\"> </span>efecto <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>esta <span class=\"_ _17\"> </span>act<span class=\"_ _6\"></span>ualizaci\u00f3n <span class=\"_ _1c\"> </span>resulte <span class=\"_ _1c\"> </span>significativo. <span class=\"_ _1c\"> </span>La <span class=\"_ _1c\"> </span>variaci\u00f3n <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>la <span class=\"_ _17\"> </span>prov<span class=\"_ _6\"></span>isi\u00f3n correspondiente a la <span class=\"_ _e\"></span>actualizaci\u00f3<span class=\"_ _6\"></span>n financiera <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e cada <span class=\"_ _e\"></span>ejerci<span class=\"_ _6\"></span>cio se <span class=\"_ _1\"></span>registra en <span class=\"_ _e\"></span>el ep\u00edgrafe \u201cGastos financieros\u201d del Estado d<span class=\"_ _6\"></span>e Resultado consolidado<span class=\"_ _6\"></span>. Las <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>rovisiones, <span class=\"_ _11\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>cuantifican <span class=\"_ _0\"></span>ten<span class=\"_ _6\"></span>iendo <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>consideraci\u00f3n <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>mejor <span class=\"_ _0\"></span>informaci\u00f3n <span class=\"_ _11\"> </span>disponible <span class=\"_ _11\"></span>sobre <span class=\"_ _0\"></span>las consecuencias <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>suceso <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>traen <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>causa, <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>reestimadas <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>ocasi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>cada <span class=\"_ _10\"></span>cierre <span class=\"_ _10\"></span>contab<span class=\"_ _6\"></span>le (v\u00e9ase Nota 4). Se u<span class=\"_ _6\"></span>tiliza una ta<span class=\"_ _6\"></span>sa libre de riesgo para <span class=\"_ _6\"></span>actualizar las prov<span class=\"_ _6\"></span>isiones financieramente.<span class=\"_ _33\"> </span>Los pa<span class=\"_ _1\"></span>sivos contingentes <span class=\"_ _e\"></span>constituy<span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>obligaciones po<span class=\"_ _1\"></span>sibles c<span class=\"_ _e\"></span>on<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>terceras <span class=\"_ _1\"></span>partes <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>ob<span class=\"_ _6\"></span>ligaciones e<span class=\"_ _1\"></span>xistentes que<span class=\"_ _1\"></span> no son recono<span class=\"_ _6\"></span>cidas bien p<span class=\"_ _6\"></span>orque no es p<span class=\"_ _6\"></span>robable que s<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>duzca un<span class=\"_ _6\"></span>a salida d<span class=\"_ _6\"></span>e flujos econ\u00f3<span class=\"_ _6\"></span>micos requerida para <span class=\"_ _10\"></span>cancelar <span class=\"_ _0\"></span>dicha <span class=\"_ _10\"></span>obligaci\u00f3n, <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _0\"></span>porq<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>salida <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>flujo<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>puede <span class=\"_ _10\"></span>ser <span class=\"_ _10\"></span>estimado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de forma fiable. Los <span class=\"_ _15\"></span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>tingentes <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _15\"></span>an<span class=\"_ _6\"></span>uales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>solidadas, <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ino <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>obre los mismos en la memoria, <span class=\"_ _6\"></span>en la medida en q<span class=\"_ _6\"></span>ue no sean co<span class=\"_ _6\"></span>nsiderados co<span class=\"_ _6\"></span>mo remotos.<span class=\"_ _33\"> </span>Indemnizac<span class=\"_ _6\"></span>iones por cese<span class=\"_ _33\"> </span>De <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>reglamentaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>laboral <span class=\"_ _0\"></span>vigente, <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>obligado <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>pago <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>indemnizaciones <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los empleados <span class=\"_ _f\"> </span>con <span class=\"_ _23\"> </span>los <span class=\"_ _23\"> </span>qu<span class=\"_ _6\"></span>e, <span class=\"_ _f\"> </span>bajo <span class=\"_ _23\"> </span>determinadas <span class=\"_ _f\"> </span>condiciones, <span class=\"_ _f\"> </span>rescinda <span class=\"_ _23\"> </span>su<span class=\"_ _6\"></span>s <span class=\"_ _23\"> </span>relaciones<span class=\"_ _6\"></span> <span class=\"_ _23\"> </span>laborales. <span class=\"_ _f\"> </span>Las indemnizaciones <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>cese <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>xis<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>plan <span class=\"_ _15\"></span>formal <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>etallado <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>llevar <span class=\"_ _15\"></span>a cabo <span class=\"_ _12\"> </span>la <span class=\"_ _1a\"> </span>restructuraci\u00f3n  y <span class=\"_ _11\"> </span>se  ha <span class=\"_ _11\"> </span>generado  una <span class=\"_ _11\"> </span>expectativ<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>v\u00e1lid<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>entre <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>pers<span class=\"_ _6\"></span>onal <span class=\"_ _12\"> </span>afectado  de <span class=\"_ _11\"> </span>que <span class=\"_ _12\"> </span>la reestructuraci\u00f3n <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>va <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>llevar <span class=\"_ _10\"></span>a <span class=\"_ _11\"> </span>cabo<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>No <span class=\"_ _11\"></span>se <span class=\"_ _10\"></span>dis<span class=\"_ _6\"></span>pone <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>rovisiones <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>cepto <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>cierre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los ejercicios 2024 y 2023.<span class=\"_ _33\"> </span>Procedimientos ju<span class=\"_ _6\"></span>diciales y/o reclamacion<span class=\"_ _6\"></span>es en curso<span class=\"_ _6\"></span> Al  cie<span class=\"_ _1\"></span>rre  de  los <span class=\"_ _12\"> </span>ejer<span class=\"_ _6\"></span>cicios  2024  y  2023 <span class=\"_ _12\"> </span>se  encontrab<span class=\"_ _6\"></span>an  en <span class=\"_ _12\"> </span>cu<span class=\"_ _6\"></span>rso  distintos  procedimientos  judiciales  y reclamaciones <span class=\"_ _1e\"> </span>entab<span class=\"_ _6\"></span>lados <span class=\"_ _1e\"> </span>contra <span class=\"_ _1e\"> </span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _1e\"> </span>con <span class=\"_ _1e\"> </span>origen <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _1e\"> </span>desar<span class=\"_ _6\"></span>rollo <span class=\"_ _1e\"> </span>habitual <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>sus <span class=\"_ _1e\"> </span>actividades<span class=\"_ _6\"></span>. <span class=\"_ _1e\"> </span>Los Administradores,  considerando  la <span class=\"_ _12\"> </span>opini\u00f3n  de <span class=\"_ _12\"> </span>los  asesores  legale<span class=\"_ _1\"></span>s,  estiman <span class=\"_ _12\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>la  conclusi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>estos procedimientos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>reclamaciones <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>producir\u00e1 <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>efecto <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ignificativo <span class=\"_ _10\"></span>adicional <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ya <span class=\"_ _15\"></span>recogidos <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>estos estados finan<span class=\"_ _6\"></span>cieros.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-558": {
   "value": "3.13<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Provisiones <span class=\"_ _1\"></span>y contingencia<span class=\"_ _e\"></span>s<span class=\"_ _33\"> </span></span></span>Los pa<span class=\"_ _1\"></span>sivos contingentes <span class=\"_ _e\"></span>constituy<span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>obligaciones po<span class=\"_ _1\"></span>sibles c<span class=\"_ _e\"></span>on<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>terceras <span class=\"_ _1\"></span>partes <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>ob<span class=\"_ _6\"></span>ligaciones e<span class=\"_ _1\"></span>xistentes que<span class=\"_ _1\"></span> no son recono<span class=\"_ _6\"></span>cidas bien p<span class=\"_ _6\"></span>orque no es p<span class=\"_ _6\"></span>robable que s<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>duzca un<span class=\"_ _6\"></span>a salida d<span class=\"_ _6\"></span>e flujos econ\u00f3<span class=\"_ _6\"></span>micos requerida para <span class=\"_ _10\"></span>cancelar <span class=\"_ _0\"></span>dicha <span class=\"_ _10\"></span>obligaci\u00f3n, <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _0\"></span>porq<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>salida <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>flujo<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>puede <span class=\"_ _10\"></span>ser <span class=\"_ _10\"></span>estimado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de forma fiable. Los <span class=\"_ _15\"></span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>tingentes <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _15\"></span>an<span class=\"_ _6\"></span>uales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>solidadas, <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ino <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>obre los mismos en la memoria, <span class=\"_ _6\"></span>en la medida en q<span class=\"_ _6\"></span>ue no sean co<span class=\"_ _6\"></span>nsiderados co<span class=\"_ _6\"></span>mo remotos.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-559": {
   "value": "Indemnizac<span class=\"_ _6\"></span>iones por cese<span class=\"_ _33\"> </span>De <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>reglamentaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>laboral <span class=\"_ _0\"></span>vigente, <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>obligado <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>pago <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>indemnizaciones <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los empleados <span class=\"_ _f\"> </span>con <span class=\"_ _23\"> </span>los <span class=\"_ _23\"> </span>qu<span class=\"_ _6\"></span>e, <span class=\"_ _f\"> </span>bajo <span class=\"_ _23\"> </span>determinadas <span class=\"_ _f\"> </span>condiciones, <span class=\"_ _f\"> </span>rescinda <span class=\"_ _23\"> </span>su<span class=\"_ _6\"></span>s <span class=\"_ _23\"> </span>relaciones<span class=\"_ _6\"></span> <span class=\"_ _23\"> </span>laborales. <span class=\"_ _f\"> </span>Las indemnizaciones <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>cese <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>xis<span class=\"_ _6\"></span>te <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>plan <span class=\"_ _15\"></span>formal <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>etallado <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>llevar <span class=\"_ _15\"></span>a cabo <span class=\"_ _12\"> </span>la <span class=\"_ _1a\"> </span>restructuraci\u00f3n  y <span class=\"_ _11\"> </span>se  ha <span class=\"_ _11\"> </span>generado  una <span class=\"_ _11\"> </span>expectativ<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>v\u00e1lid<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>entre <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>pers<span class=\"_ _6\"></span>onal <span class=\"_ _12\"> </span>afectado  de <span class=\"_ _11\"> </span>que <span class=\"_ _12\"> </span>la reestructuraci\u00f3n <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>va <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>llevar <span class=\"_ _10\"></span>a <span class=\"_ _11\"> </span>cabo<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>No <span class=\"_ _11\"></span>se <span class=\"_ _10\"></span>dis<span class=\"_ _6\"></span>pone <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>rovisiones <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>cepto <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>cierre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los ejercicios 2024 y 2023.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "3.14<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Prestaciones Pos<span class=\"_ _1\"></span>t empleo y otros<span class=\"_ _1\"></span> beneficios so<span class=\"_ _1\"></span>ciales </span></span>Las sociedades del <span class=\"_ _e\"></span>Grupo<span class=\"_ _6\"></span>, en <span class=\"_ _1\"></span>su mayor parte, tienen <span class=\"_ _1\"></span>establecido un compromiso de <span class=\"_ _1\"></span>aportaci\u00f3n<span class=\"_ _6\"></span> definida <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> el <span class=\"_ _0\"></span>personal <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>permanece <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>cierre <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _0\"></span>consistente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>aportaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la Sociedad y del trab<span class=\"_ _6\"></span>ajador de <span class=\"_ _6\"></span>un porcentaje p<span class=\"_ _6\"></span>reestablecido d<span class=\"_ _6\"></span>el sueldo pension<span class=\"_ _6\"></span>able al \u201cPla<span class=\"_ _6\"></span>n de pension<span class=\"_ _6\"></span>es de Promoci\u00f3n <span class=\"_ _15\"></span>Conju<span class=\"_ _6\"></span>n<span class=\"ff6\">ta\u201d <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _15\"></span>promovido <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>amparo <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>ar<span class=\"_ _6\"></span>t\u00edculo <span class=\"_ _15\"></span>40 <span class=\"_ _15\"></span>d) <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Reglamento <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Planes <span class=\"_ _15\"></span>y </span>Fondos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Pension<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>(aportaci\u00f3n <span class=\"_ _15\"></span>definida). <span class=\"_ _15\"></span>Este <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lan <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pensiones <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>encuentra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>integrado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _0\"></span>fondo <span class=\"_ _15\"></span>de Pensiones <span class=\"_ _0\"></span>SERVIREN<span class=\"_ _6\"></span>TA <span class=\"_ _0\"></span>II <span class=\"_ _0\"></span>F.P. <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>cobertura <span class=\"_ _0\"></span>tanto<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>prestaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>jubilaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or invalidez y <span class=\"_ _1\"></span>fallecimiento de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> part\u00edcipes. <span class=\"_ _1\"></span>El Grupo <span class=\"_ _e\"></span>no tiene <span class=\"_ _1\"></span>compromisos de <span class=\"_ _1\"></span>prestaci\u00f3n definida <span class=\"_ _e\"></span>relevan<span class=\"_ _6\"></span>tes.<span class=\"_ _15\"></span> Con car\u00e1cter <span class=\"_ _6\"></span>general, <span class=\"_ _6\"></span>y en <span class=\"_ _6\"></span>relaci\u00f3n<span class=\"_ _6\"></span> al <span class=\"_ _6\"></span>componente d<span class=\"_ _6\"></span>e ahorro<span class=\"_ _6\"></span>, el b<span class=\"_ _6\"></span>eneficiario ap<span class=\"_ _6\"></span>orta el <span class=\"_ _6\"></span>1% <span class=\"_ _6\"></span>de su<span class=\"_ _6\"></span> retribuci\u00f3n fija y <span class=\"_ _6\"></span>ENCE ap<span class=\"_ _6\"></span>orta en to<span class=\"_ _6\"></span>rno al 5% <span class=\"_ _6\"></span>de \u00e9sta. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>su parte, <span class=\"_ _6\"></span>el componente <span class=\"_ _6\"></span>de riesgo, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se materializa en <span class=\"_ _6\"></span>una p\u00f3liza <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>seguro <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>vida <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>accidentes, <span class=\"_ _15\"></span>s<span class=\"_ _15\"></span>e <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cia <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>50% <span class=\"_ _10\"></span>entre <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>partes. <span class=\"_ _10\"></span>Las <span class=\"_ _10\"></span>contingencias <span class=\"_ _10\"></span>cubiertas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por dicha <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>\u00f3liza <span class=\"_ _6\"></span>son <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iguientes: <span class=\"_ _6\"></span>ju<span class=\"_ _6\"></span>bilaci\u00f3n, <span class=\"_ _15\"></span>invalidez <span class=\"_ _6\"></span>permanente <span class=\"_ _15\"></span>total, <span class=\"_ _15\"></span>incapacidad <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ermanente <span class=\"_ _6\"></span>abso<span class=\"_ _6\"></span>luta, y el <span class=\"_ _6\"></span>fallecimiento. <span class=\"_ _15\"></span>El <span class=\"_ _6\"></span>cap<span class=\"_ _6\"></span>ital <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>egurado <span class=\"_ _6\"></span>equ<span class=\"_ _6\"></span>ivale <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>35 <span class=\"_ _6\"></span>mensualid<span class=\"_ _6\"></span>ades <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>retribu<span class=\"_ _15\"></span>ci\u00f3n <span class=\"_ _15\"></span>fija, <span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>doble <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>caso de que las contin<span class=\"_ _6\"></span>gencias sean derivadas<span class=\"_ _6\"></span> de accidente.<span class=\"_ _6\"></span> Para determinados directivos del <span class=\"_ _e\"></span>Grupo, entre los que <span class=\"_ _e\"></span>se incluye al Presidente <span class=\"_ _1\"></span>y a <span class=\"_ _e\"></span>la alta direcci\u00f3n, existe <span class=\"_ _1\"></span>un sistema <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>revisi\u00f3n <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ocial, <span class=\"_ _10\"></span>c<span class=\"_ _6\"></span>omplementario <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>plan <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>pen<span class=\"_ _6\"></span>siones <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>empleo, <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>trumentado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>tra<span class=\"_ _6\"></span>v\u00e9s <span class=\"_ _10\"></span>de seguros colectivos<span class=\"_ _6\"></span>, destinado a cubrir tan<span class=\"_ _6\"></span>to la jubilaci\u00f3n como los<span class=\"_ _6\"></span> riesgos de invalidez y fallecimiento de los<span class=\"_ _6\"></span> asegurados.  Las <span class=\"_ _15\"></span>contribucion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>planes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>presta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>post <span class=\"_ _15\"></span>empleo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>ortaci\u00f3n <span class=\"_ _15\"></span>definida <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>gasto en el ep\u00edgrafe \u201cGastos<span class=\"_ _6\"></span> de personal\u201d d<span class=\"_ _6\"></span>el Estado de Resulta<span class=\"_ _6\"></span>do consolidado d<span class=\"_ _6\"></span>e acuerdo a su devengo.<span class=\"_ _33\"> </span>Por <span class=\"_ _0\"></span>otra <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>colectivo <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>antiguos <span class=\"_ _0\"></span>trab<span class=\"_ _6\"></span>ajadores <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>filial <span class=\"_ _11\"></span>Celulosas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Asturias, <span class=\"_ _11\"></span>S.A. <span class=\"_ _10\"></span>manti<span class=\"_ _6\"></span>ene <span class=\"_ _0\"></span>un beneficio consis<span class=\"_ _6\"></span>tente en <span class=\"_ _6\"></span>un seguro <span class=\"_ _6\"></span>de v<span class=\"_ _6\"></span>ida e <span class=\"_ _6\"></span>incapacidad<span class=\"_ _6\"></span>. Este compromiso<span class=\"_ _6\"></span> se <span class=\"_ _6\"></span>externaliz\u00f3 en <span class=\"_ _6\"></span>2014 a <span class=\"_ _6\"></span>trav\u00e9s de una compa\u00f1\u00eda <span class=\"_ _6\"></span>de seguros. Planes de ince<span class=\"_ _6\"></span>ntivos a largo p<span class=\"_ _6\"></span>lazo El <span class=\"_ _11\"> </span>Grupo <span class=\"_ _12\"> </span>valora <span class=\"_ _12\"> </span>estos <span class=\"_ _11\"> </span>compromisos <span class=\"_ _12\"> </span>con <span class=\"_ _11\"> </span>empleados<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>cada <span class=\"_ _11\"> </span>fecha <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>considerando <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>valor estimado <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>compromis<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>vencimiento <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>tiempo <span class=\"_ _0\"></span>transcurrido <span class=\"_ _0\"></span>resp<span class=\"_ _6\"></span>ecto <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>periodo<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de devengo. Estos <span class=\"_ _10\"></span>compromisos <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cGastos <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>person<span class=\"_ _6\"></span>al\u201d <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>Resultado <span class=\"_ _10\"></span>consolidad<span class=\"_ _6\"></span>o linealmente <span class=\"_ _11\"> </span>dura<span class=\"_ _6\"></span>nte <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>per\u00edo<span class=\"_ _6\"></span>do <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>devengo <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>Plan <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>Incentivos, <span class=\"_ _11\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>su <span class=\"_ _11\"> </span>contrapartid<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>ser\u00e1 <span class=\"_ _11\"> </span>dis<span class=\"_ _6\"></span>tinta <span class=\"_ _11\"> </span>en<span class=\"_ _33\"> </span>funci\u00f3n d<span class=\"_ _6\"></span>el modo <span class=\"_ _6\"></span>de liquid<span class=\"_ _6\"></span>aci\u00f3n. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>el caso <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>comp<span class=\"_ _6\"></span>romisos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se liquid<span class=\"_ _6\"></span>an en <span class=\"_ _6\"></span>acciones d<span class=\"_ _6\"></span>e ENCE, <span class=\"_ _6\"></span>el gas<span class=\"_ _6\"></span>to devengado <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>reconocer\u00e1 <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cPatrimonio <span class=\"_ _10\"></span>neto <span class=\"_ _11\"></span>\u2013<span class=\"ff4\"> <span class=\"_ _15\"></span></span>Otros <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>patrimonio <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>eto\u201d <span class=\"_ _10\"></span>del Estado <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>Situaci\u00f3n <span class=\"_ _1c\"> </span>Fina<span class=\"_ _6\"></span>nciera <span class=\"_ _1b\"> </span>consolidado, <span class=\"_ _1b\"> </span>teniendo <span class=\"_ _1b\"> </span>en <span class=\"_ _1b\"> </span>consideraci\u00f3n <span class=\"_ _1b\"> </span>el <span class=\"_ _1c\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1b\"> </span>razonable <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>los<span class=\"_ _6\"></span> instrumentos <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>patrimonio <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>concesi\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>pasivo <span class=\"_ _0\"></span>devengado <span class=\"_ _0\"></span>asociad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los compromisos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>liqu<span class=\"_ _6\"></span>idan en <span class=\"_ _6\"></span>efectivo <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>reconocer\u00e1 <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>abono <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _6\"></span>\u201cProvisiones\u201d <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>asivo <span class=\"_ _6\"></span>del Estado de Situaci\u00f3n Fin<span class=\"_ _6\"></span>anciera con<span class=\"_ _6\"></span>solidado.<span class=\"_ _6\"></span> Las <span class=\"_ _0\"></span>estimacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>realizadas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>para <span class=\"_ _11\"></span>valorar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>comp<span class=\"_ _6\"></span>romiso <span class=\"_ _0\"></span>asumido <span class=\"_ _11\"> </span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ersonal <span class=\"_ _11\"></span>son <span class=\"_ _0\"></span>revisadas <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>cada cierre <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>table, <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>impacto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>variaciones <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>registra<span class=\"_ _15\"></span>, <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _0\"></span>prosp<span class=\"_ _6\"></span>ectiva, <span class=\"_ _0\"></span>durante <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>de devengo restante.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-560": {
   "value": "Planes de ince<span class=\"_ _6\"></span>ntivos a largo p<span class=\"_ _6\"></span>lazo El <span class=\"_ _11\"> </span>Grupo <span class=\"_ _12\"> </span>valora <span class=\"_ _12\"> </span>estos <span class=\"_ _11\"> </span>compromisos <span class=\"_ _12\"> </span>con <span class=\"_ _11\"> </span>empleados<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>cada <span class=\"_ _11\"> </span>fecha <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>considerando <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>valor estimado <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>compromis<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>vencimiento <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>tiempo <span class=\"_ _0\"></span>transcurrido <span class=\"_ _0\"></span>resp<span class=\"_ _6\"></span>ecto <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>periodo<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de devengo. Estos <span class=\"_ _10\"></span>compromisos <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cGastos <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>person<span class=\"_ _6\"></span>al\u201d <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>Estado <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>Resultado <span class=\"_ _10\"></span>consolidad<span class=\"_ _6\"></span>o linealmente <span class=\"_ _11\"> </span>dura<span class=\"_ _6\"></span>nte <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>per\u00edo<span class=\"_ _6\"></span>do <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>devengo <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>Plan <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>Incentivos, <span class=\"_ _11\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>su <span class=\"_ _11\"> </span>contrapartid<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>ser\u00e1 <span class=\"_ _11\"> </span>dis<span class=\"_ _6\"></span>tinta <span class=\"_ _11\"> </span>en<span class=\"_ _33\"> </span>funci\u00f3n d<span class=\"_ _6\"></span>el modo <span class=\"_ _6\"></span>de liquid<span class=\"_ _6\"></span>aci\u00f3n. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>el caso <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>comp<span class=\"_ _6\"></span>romisos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se liquid<span class=\"_ _6\"></span>an en <span class=\"_ _6\"></span>acciones d<span class=\"_ _6\"></span>e ENCE, <span class=\"_ _6\"></span>el gas<span class=\"_ _6\"></span>to devengado <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>reconocer\u00e1 <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>\u201cPatrimonio <span class=\"_ _10\"></span>neto <span class=\"_ _11\"></span>\u2013<span class=\"ff4\"> <span class=\"_ _15\"></span></span>Otros <span class=\"_ _10\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>patrimonio <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>eto\u201d <span class=\"_ _10\"></span>del Estado <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>Situaci\u00f3n <span class=\"_ _1c\"> </span>Fina<span class=\"_ _6\"></span>nciera <span class=\"_ _1b\"> </span>consolidado, <span class=\"_ _1b\"> </span>teniendo <span class=\"_ _1b\"> </span>en <span class=\"_ _1b\"> </span>consideraci\u00f3n <span class=\"_ _1b\"> </span>el <span class=\"_ _1c\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _1b\"> </span>razonable <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>los<span class=\"_ _6\"></span> instrumentos <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>patrimonio <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>concesi\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>pasivo <span class=\"_ _0\"></span>devengado <span class=\"_ _0\"></span>asociad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los compromisos <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>liqu<span class=\"_ _6\"></span>idan en <span class=\"_ _6\"></span>efectivo <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>reconocer\u00e1 <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>abono <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>ep\u00edgrafe <span class=\"_ _6\"></span>\u201cProvisiones\u201d <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>asivo <span class=\"_ _6\"></span>del Estado de Situaci\u00f3n Fin<span class=\"_ _6\"></span>anciera con<span class=\"_ _6\"></span>solidado.<span class=\"_ _6\"></span> Las <span class=\"_ _0\"></span>estimacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>realizadas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>para <span class=\"_ _11\"></span>valorar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>comp<span class=\"_ _6\"></span>romiso <span class=\"_ _0\"></span>asumido <span class=\"_ _11\"> </span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ersonal <span class=\"_ _11\"></span>son <span class=\"_ _0\"></span>revisadas <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>cada cierre <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>table, <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>impacto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>variaciones <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>registra<span class=\"_ _15\"></span>, <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>forma <span class=\"_ _0\"></span>prosp<span class=\"_ _6\"></span>ectiva, <span class=\"_ _0\"></span>durante <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>de devengo restante.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "3.15<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Reconocimiento<span class=\"_ _1\"></span> de ingresos y <span class=\"_ _1\"></span>gastos<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"> </span></span>Los \u201cIngresos<span class=\"_ _6\"></span> ordinarios\u201d <span class=\"_ _6\"></span><span class=\"ff4\">derivados de contra<span class=\"_ _6\"></span>tos con clientes se reconocen en<span class=\"_ _6\"></span> funci\u00f3n del cumpli<span class=\"_ _6\"></span>miento de </span>las  o<span class=\"_ _6\"></span>bligaciones <span class=\"_ _18\"> </span>de  desempe\u00f1o<span class=\"_ _6\"></span>  con <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>clientes,  y <span class=\"_ _1e\"> </span>representan<span class=\"_ _6\"></span>  los <span class=\"_ _18\"> </span>importes <span class=\"_ _18\"> </span>a  cobrar <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>los  bienes entregados y servicios prestados en el marco ordinario de la actividad,<span class=\"_ _6\"></span> netos de devoluciones y descuentos, y <span class=\"_ _6\"></span>cantid<span class=\"_ _6\"></span>ades <span class=\"_ _6\"></span>recibidas <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>terceros, <span class=\"_ _15\"></span>tales <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>impuesto <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>a\u00f1adido. <span class=\"_ _15\"></span>Los <span class=\"_ _6\"></span>i<span class=\"_ _15\"></span>ngreso<span class=\"_ _6\"></span>s se  reconocen  cuando  se  pueden  medir  con  fiabilidad  y  es  probable  que  ENCE  recibir\u00e1  los  benef<span class=\"_ _15\"></span>icios econ\u00f3micos asociado<span class=\"_ _6\"></span>s a la transacci\u00f3n<span class=\"_ _6\"></span>, y se valoran por el valor razo<span class=\"_ _6\"></span>nable de la contra<span class=\"_ _6\"></span>prestaci\u00f3n recibida o a recibir.<span class=\"_ _33\"> </span>En este sentido, los ingresos procedentes de la venta de bienes se reconocen cuando se trans<span class=\"_ _6\"></span>fiere al cliente el <span class=\"_ _11\"> </span>contro<span class=\"_ _6\"></span>l <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>obre <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>mismos,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>mom<span class=\"_ _6\"></span>ento <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>enta <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>celulosa <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>determina  en <span class=\"_ _11\"> </span>base <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>incoterm (t\u00e9rminos <span class=\"_ _12\"> </span>internacionales <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>comercio<span class=\"_ _6\"></span>) <span class=\"_ _11\"> </span>ap<span class=\"_ _6\"></span>licado <span class=\"_ _12\"> </span>a<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>cad<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>transacci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>venta <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>madera <span class=\"_ _12\"> </span>coincide normalmente <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>entrega <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>instalaciones <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>cliente. <span class=\"_ _15\"></span>La<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>obligaciones <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _15\"></span>clientes <span class=\"_ _10\"></span>se completan <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>el  momento<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>la  entrega <span class=\"_ _18\"> </span>del <span class=\"_ _18\"> </span>bien, <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>las <span class=\"_ _18\"> </span>devoluciones <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>parte  de <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>clientes <span class=\"_ _18\"> </span>son excepcionales. Por <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>arte, <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>ingresos <span class=\"_ _15\"></span>asociados <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>venta <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>electricidad <span class=\"_ _10\"></span>incluy<span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>tarifa <span class=\"_ _10\"></span>percibida <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>mercado, <span class=\"_ _10\"></span>as\u00ed como <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>rimas <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>fuentes <span class=\"_ _0\"></span>renovab<span class=\"_ _6\"></span>les <span class=\"_ _10\"></span>legalmente <span class=\"_ _0\"></span>reconocidas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>sus mecanismos de ajus<span class=\"_ _6\"></span>te o comp<span class=\"_ _6\"></span>ensaci\u00f3n (Vajd<span class=\"_ _6\"></span>m), y se recon<span class=\"_ _6\"></span>ocen en <span class=\"_ _6\"></span>el momento de<span class=\"_ _6\"></span> su gen<span class=\"_ _6\"></span>eraci\u00f3n y entrega al cliente, en funci\u00f3n<span class=\"_ _6\"></span> de las cantid<span class=\"_ _6\"></span>ades suminis<span class=\"_ _6\"></span>tradas, y <span class=\"_ _6\"></span>por el importe bruto d<span class=\"_ _6\"></span>e venta, en <span class=\"_ _6\"></span>la medida en que<span class=\"_ _6\"></span> se act\u00faa como prin<span class=\"_ _6\"></span>cipal. El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>Ence <span class=\"_ _0\"></span>ha <span class=\"_ _11\"></span>suscrito <span class=\"_ _0\"></span>acuerdos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>biometano<span class=\"_ _15\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _11\"></span>(Biomethane <span class=\"_ _0\"></span>an<span class=\"_ _6\"></span>d <span class=\"_ _0\"></span>Power <span class=\"_ _0\"></span>Purchas<span class=\"_ _6\"></span>e Agreement). Estos co<span class=\"_ _6\"></span>ntratos que su<span class=\"_ _6\"></span>ponen la entrega f\u00edsica d<span class=\"_ _6\"></span>e energ\u00eda, como norma <span class=\"_ _6\"></span>general, s<span class=\"_ _6\"></span>on calificados como <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>tratos <span class=\"_ _0\"></span>destinados <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>cub<span class=\"_ _6\"></span>rir <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>n<span class=\"_ _6\"></span>ecesidades <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>compra, <span class=\"_ _0\"></span>venta <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>tilizaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _0\"></span>quedando fuera <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>alcance <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>NIIF <span class=\"_ _10\"></span>9 <span class=\"_ _15\"></span>y <span class=\"_ _0\"></span>se <span class=\"_ _15\"></span>registran<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>contablemente <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>medida <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _10\"></span>recibe <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>transmite <span class=\"_ _10\"></span>los derechos y obligacion<span class=\"_ _6\"></span>es originados p<span class=\"_ _6\"></span>or los mismos.<span class=\"_ _33\"> </span>Los <span class=\"_ _6\"></span>ingresos <span class=\"_ _6\"></span>asociad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>prestaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e recono<span class=\"_ _6\"></span>cen <span class=\"_ _6\"></span>considerando <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>grado<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de realizaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e la prestaci\u00f3n <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cierr<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>estados <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cieros, <span class=\"_ _15\"></span>siempre <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>cuando <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>trans<span class=\"_ _6\"></span>acci\u00f3n pueda ser estimado co<span class=\"_ _6\"></span>n fiabilidad. <span class=\"_ _6\"></span> Los in<span class=\"_ _6\"></span>gresos por <span class=\"_ _6\"></span>intereses se <span class=\"_ _6\"></span>reconocen siguiend<span class=\"_ _6\"></span>o un <span class=\"_ _6\"></span>criterio finan<span class=\"_ _6\"></span>ciero, en <span class=\"_ _6\"></span>funci\u00f3n <span class=\"_ _6\"></span>del principal <span class=\"_ _6\"></span>pendiente de pago, el plazo h<span class=\"_ _6\"></span>asta el vencimiento, y<span class=\"_ _6\"></span> el tipo de inter\u00e9s efectiv<span class=\"_ _6\"></span>o aplicable.<span class=\"_ _33\"> </span> <span class=\"_ _6\"></span> Los <span class=\"_ _15\"></span>ingresos <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>dividend<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>procedentes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>inv<span class=\"_ _6\"></span>ersiones <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>registran <span class=\"_ _15\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>reconocen <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>derecho <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>su percepci\u00f3n. Los <span class=\"_ _0\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _11\"></span>a <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>devengo. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e reconoce un gasto d<span class=\"_ _6\"></span>e forma inmediata cu<span class=\"_ _6\"></span>ando no s<span class=\"_ _6\"></span>e prev\u00e9 que genere beneficios econ<span class=\"_ _6\"></span>\u00f3micos futuros<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Ingresos por ventas de<span class=\"_ _6\"></span> electric<span class=\"_ _6\"></span>idad- De acu<span class=\"_ _6\"></span>erdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>lo <span class=\"_ _15\"></span>establecido <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>R<span class=\"_ _6\"></span>D <span class=\"_ _6\"></span>413/2014, <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e gen<span class=\"_ _6\"></span>eraci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>energ\u00eda reno<span class=\"_ _6\"></span>vable <span class=\"_ _6\"></span>en Espa\u00f1a reciben determinados <span class=\"_ _1\"></span>incentivos, estableciendo que, <span class=\"_ _1\"></span>adicionalmente a <span class=\"_ _1\"></span>la retribuci\u00f3n por la <span class=\"_ _e\"></span>venta de energ\u00eda generada valorada a precio de mercado, las instalaciones podr\u00e1n<span class=\"_ _6\"></span> percibir una retribuci\u00f3n espec\u00edfica compuesta por un <span class=\"_ _e\"></span>t\u00e9rmino por <span class=\"_ _1\"></span>unidad de <span class=\"_ _1\"></span>potencia (retribuci\u00f3n <span class=\"_ _1\"></span>a la <span class=\"_ _e\"></span>inversi\u00f3n<span class=\"_ _6\"></span>) que <span class=\"_ _e\"></span>cub<span class=\"_ _6\"></span>ra c<span class=\"_ _1\"></span>uando proceda lo<span class=\"_ _1\"></span>s costes de invers<span class=\"_ _6\"></span>i\u00f3n de una <span class=\"_ _6\"></span>instalaci\u00f3n tipo (IT) que n<span class=\"_ _6\"></span>o pued<span class=\"_ _6\"></span>en ser recuperados p<span class=\"_ _6\"></span>or la <span class=\"_ _15\"></span>venta d<span class=\"_ _6\"></span>e energ\u00eda y u<span class=\"_ _6\"></span>n t\u00e9rmino <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>operaci\u00f3n <span class=\"_ _11\"> </span>(retribuci\u00f3n <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>operaci\u00f3n) <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>cubra <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _11\"> </span>caso, <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>diferencia <span class=\"_ _11\"></span>entre <span class=\"_ _11\"></span>costes <span class=\"_ _11\"></span>de<span class=\"_ _33\"> </span>explotaci\u00f3n y <span class=\"_ _1\"></span>los ingresos <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>la participaci\u00f3n en <span class=\"_ _1\"></span>el m<span class=\"_ _1\"></span>ercado de <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>icha instalaci\u00f3n. <span class=\"_ _1\"></span>El <span class=\"_ _1\"></span>RD est<span class=\"_ _1\"></span>ablece, asimismo, que mediante orden ministeri<span class=\"_ _6\"></span>al se actualizar\u00e1n determinados par\u00e1metros retributiv<span class=\"_ _6\"></span>os en cada semiper\u00edodo regulatorio de tres a\u00f1os<span class=\"_ _6\"></span> de duraci\u00f3n (v\u00e9as<span class=\"_ _6\"></span>e Anexo III <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> Marco Regulato<span class=\"_ _6\"></span>rio del Sector En<span class=\"_ _6\"></span>erg\u00e9tico). <span class=\"_ _6\"></span> Entre <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>aspectos <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>esarrollados <span class=\"_ _10\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>mencionado <span class=\"_ _10\"></span>Real <span class=\"_ _10\"></span>Decreto, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>diferencias <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se producen <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _11\"> </span>entre <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>ingresos <span class=\"_ _0\"></span>por <span class=\"_ _11\"> </span>venta <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>energ\u00eda <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>precio <span class=\"_ _11\"> </span>estimado, <span class=\"_ _11\"></span>estimaci\u00f3n <span class=\"_ _11\"></span>que determina <span class=\"_ _6\"></span>el regulad<span class=\"_ _6\"></span>or al <span class=\"_ _6\"></span>inici<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>semiper<span class=\"_ _6\"></span>\u00edodo <span class=\"_ _6\"></span>regula<span class=\"_ _6\"></span>torio <span class=\"_ _6\"></span>trianual, <span class=\"_ _6\"></span>y los<span class=\"_ _6\"></span> ingreso<span class=\"_ _6\"></span>s po<span class=\"_ _6\"></span>r venta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>precio medio real <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e m<span class=\"_ _6\"></span>ercado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>dich<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>ejercicio, s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>regularizan <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>obtener <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>futuros <span class=\"_ _6\"></span>a trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>aj<span class=\"_ _6\"></span>uste <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>\u201cRetribuci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>invers<span class=\"_ _6\"></span>i\u00f3n\u201d. <span class=\"_ _0\"></span>Dicha <span class=\"_ _10\"></span>diferencia <span class=\"_ _0\"></span>denominada <span class=\"_ _0\"></span>\u201c<span class=\"_ _15\"></span><span class=\"ff4\">Valor <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>aj<span class=\"_ _6\"></span>uste <span class=\"_ _0\"></span>por </span>desviaciones <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>pre<span class=\"_ _6\"></span>cio <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>mercado<span class=\"_ _6\"></span>- <span class=\"_ _e\"></span><span class=\"ff6\">Vajdm\u201d <span class=\"_ _e\"></span>vien<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>regula<span class=\"_ _6\"></span>da <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>art\u00edculo <span class=\"_ _1\"></span>22 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>dicho <span class=\"_ _e\"></span>R<span class=\"_ _6\"></span>eal <span class=\"_ _e\"></span>Decreto <span class=\"_ _e\"></span>(v<span class=\"_ _6\"></span>\u00e9anse </span>Nota <span class=\"lse\">9 </span>y An<span class=\"_ _6\"></span>exo III). El  tratamiento  contable  aplicado  por  ENCE<span class=\"_ _6\"></span>  al  Vajdm  qued\u00f3  recogido  en  el  documento  \u201cCriterio  para contabilizar <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u201cValor<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>aj<span class=\"_ _6\"></span>ustes <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>esviaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mercado\u201d<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>(Vajdm), <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>el art\u00edculo 22 del real decreto 41<span class=\"_ _6\"></span>3/2014\u201d publicad<span class=\"_ _6\"></span>o po<span class=\"_ _6\"></span><span class=\"ff4\">r la CNMV el 22 de octub<span class=\"_ _6\"></span>re de 2021: <span class=\"_ _6\"></span> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">Con car\u00e1cter general se <span class=\"_ _6\"></span>recono<span class=\"_ _6\"></span>ce en el <span class=\"_ _6\"></span>Estad<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>Situaci\u00f3n Financiera <span class=\"_ _6\"></span>cada u<span class=\"_ _6\"></span>na d<span class=\"_ _6\"></span>e las d<span class=\"_ _6\"></span>esviaciones del </span></span>mercado, pos<span class=\"_ _6\"></span>itivas y <span class=\"_ _6\"></span>negativas <span class=\"_ _6\"></span>que surgen <span class=\"_ _6\"></span>al amp<span class=\"_ _6\"></span>aro del <span class=\"_ _6\"></span>RD 413/2014 <span class=\"_ _6\"></span>con con<span class=\"_ _6\"></span>trapartida en <span class=\"_ _6\"></span>el importe<span class=\"_ _6\"></span> neto de la cifra de negocios. <span class=\"_ _15\"></span> En este sentido, los ajustes por desviacion<span class=\"_ _6\"></span>es del pool positivos netos qu<span class=\"_ _6\"></span>e se vayan generando a lo largo de <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>mismo <span class=\"_ _6\"></span>semiperiodo <span class=\"_ _15\"></span>regulato<span class=\"_ _6\"></span>rio <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>representa<span class=\"_ _6\"></span>r\u00e1n <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>incremento <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>retribu<span class=\"_ _6\"></span>ciones <span class=\"_ _6\"></span>futu<span class=\"_ _6\"></span>ras recibidas de <span class=\"_ _1\"></span>CNMC se <span class=\"_ _1\"></span>registran<span class=\"_ _6\"></span> como <span class=\"_ _e\"></span>un<span class=\"_ _6\"></span> activo <span class=\"_ _1\"></span>en el <span class=\"ff6\">ep\u00edgrafe \u201cOtras <span class=\"_ _1\"></span>inversiones financieras\u201d y como <span class=\"_ _e\"></span>un </span>mayor ingreso <span class=\"_ _6\"></span>asociad<span class=\"_ _6\"></span>o a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>venta d<span class=\"_ _6\"></span>e electricidad. <span class=\"_ _6\"></span>Dich<span class=\"_ _6\"></span>o ac<span class=\"_ _6\"></span>tivo <span class=\"_ _6\"></span>neto, un<span class=\"_ _6\"></span>a vez <span class=\"_ _6\"></span>finalizado <span class=\"_ _6\"></span>el semiperiodo<span class=\"_ _6\"></span> regulatorio <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>rev<span class=\"_ _6\"></span>ierte <span class=\"_ _10\"></span>redu<span class=\"_ _6\"></span>ciendo <span class=\"_ _0\"></span>el <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>greso <span class=\"_ _10\"></span>asociad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>venta<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>electricidad<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>vi<span class=\"_ _10\"></span>da regulatoria restante de la in<span class=\"_ _6\"></span>stalaci\u00f3n.<span class=\"_ _6\"></span> Por su <span class=\"_ _1\"></span>parte, los <span class=\"_ _1\"></span>ajustes por de<span class=\"_ _1\"></span>sviaciones del pool <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>egativos netos que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e vayan ge<span class=\"_ _1\"></span>nerando a <span class=\"_ _1\"></span>lo largo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e un <span class=\"_ _11\"> </span>mismo <span class=\"_ _12\"> </span>semiperiodo <span class=\"_ _12\"> </span>regulatorio <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>representar\u00e1n <span class=\"_ _12\"> </span>una <span class=\"_ _11\"> </span>redu<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>retribucion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>futuras<span class=\"_ _6\"></span> recibidas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>CNMC <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>registran <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>fun<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>venci<span class=\"_ _6\"></span>mi<span class=\"_ _6\"></span><span class=\"ff6\">en<span class=\"_ _6\"></span>to <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>pasiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ep\u00edgrafes <span class=\"_ _15\"></span>\u201cOtro<span class=\"_ _6\"></span>s </span>pasivos <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>corrientes\u201d <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>\u201cOtros <span class=\"_ _0\"></span>pasivos <span class=\"_ _10\"></span>corrientes<span class=\"_ _6\"></span>\u201d <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>menor <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>greso <span class=\"_ _10\"></span>asociad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>venta <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> electricidad. Dicho <span class=\"_ _e\"></span>pasivo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>neto, <span class=\"_ _e\"></span>una vez <span class=\"_ _e\"></span>finalizad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>emiperiodo <span class=\"_ _1\"></span>regulatorio <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>revierte <span class=\"_ _e\"></span>i<span class=\"_ _6\"></span>ncrementando<span class=\"_ _6\"></span> el ingreso <span class=\"_ _6\"></span>asociado <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la venta<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>electricidad <span class=\"_ _6\"></span>a lo <span class=\"_ _6\"></span>largo <span class=\"_ _6\"></span>de la<span class=\"_ _6\"></span> vida <span class=\"_ _6\"></span>regulatoria <span class=\"_ _6\"></span>restante <span class=\"_ _6\"></span>de l<span class=\"_ _6\"></span>a in<span class=\"_ _6\"></span>stalaci\u00f3n.<span class=\"_ _15\"></span> El importe de los p<span class=\"_ _6\"></span>asivos se ver\u00e1 limitado al Va<span class=\"_ _6\"></span>lor Neto del Activ<span class=\"_ _6\"></span>o (VNA) de la ins<span class=\"_ _6\"></span>talaci\u00f3n.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4 fc0_1\">No <span class=\"_ _0\"></span>obstante <span class=\"_ _11\"> </span>lo <span class=\"_ _0\"></span>anterior, <span class=\"_ _11\"> </span>si <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>vida <span class=\"_ _11\"></span>regulatoria <span class=\"_ _0\"></span>res<span class=\"_ _6\"></span>idual <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _11\"> </span>activos, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>consid<span class=\"_ _6\"></span>era, <span class=\"_ _11\"></span>de<span class=\"_ _1\"></span> </span></span>acuerdo <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>mejor <span class=\"_ _10\"></span>estimaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>evoluci\u00f3n <span class=\"_ _10\"></span>futura <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>precios <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mercado <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>de otros factores cualit<span class=\"_ _6\"></span>ativos, q<span class=\"_ _6\"></span>ue ser\u00eda altamente pro<span class=\"_ _6\"></span>bab<span class=\"_ _6\"></span>le que se o<span class=\"_ _6\"></span>btendr\u00e1n rentab<span class=\"_ _6\"></span>ilidades d<span class=\"_ _6\"></span>el mercado<span class=\"_ _6\"></span> superiores <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>blecidas <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>RD <span class=\"_ _15\"></span>413/20<span class=\"_ _6\"></span>14 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>que, <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>lo <span class=\"_ _15\"></span>tan<span class=\"_ _6\"></span>to, <span class=\"_ _15\"></span>abandonar <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>r\u00e9gimen <span class=\"_ _15\"></span>retributivo no <span class=\"_ _18\"> </span>tendr\u00eda consecuencias <span class=\"_ _18\"> </span>econ\u00f3micas <span class=\"_ _18\"> </span>significativamente <span class=\"_ _18\"> </span>m\u00e1s <span class=\"_ _18\"> </span>adversas <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>permanecer <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>dicho r\u00e9gimen, en esa s<span class=\"_ _6\"></span>ituaci\u00f3n se reconoce s\u00f3lo el activ<span class=\"_ _6\"></span>o asociado a<span class=\"_ _6\"></span> las desv<span class=\"_ _6\"></span>iaciones del pool positivas<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span> Al <span class=\"_ _11\"> </span>31 <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>2<span class=\"_ _6\"></span>024 <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>2023, <span class=\"_ _12\"> </span>considerand<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>ituaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>actu<span class=\"_ _6\"></span>al <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>m<span class=\"_ _6\"></span>ercado <span class=\"_ _12\"> </span>energ\u00e9tico<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span> existente <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dic<span class=\"_ _6\"></span>iembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2023<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>evoluci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cotizacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>futuro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pre<span class=\"_ _6\"></span>cios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>en<span class=\"_ _6\"></span> el <span class=\"_ _0\"></span>corto <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>medio <span class=\"_ _0\"></span>plaz<span class=\"_ _6\"></span>o, <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _0\"></span>co<span class=\"_ _6\"></span>mo <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>regulaci\u00f3n <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>igente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>tiene <span class=\"_ _0\"></span>registrados<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>asivo derivado del <span class=\"_ _e\"></span>ajuste por <span class=\"_ _e\"></span>desviaciones<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>positivas y <span class=\"_ _e\"></span>negativas de <span class=\"_ _e\"></span>precios de <span class=\"_ _e\"></span>mercado <span class=\"_ _1\"></span>existente a <span class=\"_ _e\"></span>dicha fecha en todas las<span class=\"_ _6\"></span> IT en las que opera.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>4 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ju<span class=\"_ _6\"></span>nio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>publicado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/526/2024, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mayo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _10\"></span>la metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actualizaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>operac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>ins<span class=\"_ _6\"></span>talaciones <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de energ\u00eda <span class=\"_ _11\"> </span>el\u00e9ctrica <span class=\"_ _12\"> </span>cuyos <span class=\"_ _12\"> </span>costes <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _12\"> </span>dependan <span class=\"_ _12\"> </span>esencialmente <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>precio <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>comb<span class=\"_ _6\"></span>ustible <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>se actualizan <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>valores <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _e\"></span>a la <span class=\"_ _a\"></span>op<span class=\"_ _6\"></span>eraci\u00f3n <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>aplic<span class=\"_ _6\"></span>aci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>partir <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>1 <span class=\"_ _e\"></span>de e<span class=\"_ _1\"></span>nero <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>2024.<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>sta <span class=\"_ _1\"></span>norma, entre otros, estab<span class=\"_ _6\"></span>lece que las in<span class=\"_ _6\"></span>stalaciones in<span class=\"_ _6\"></span>cluidas en esta Orden,<span class=\"_ _6\"></span> entre las que s<span class=\"_ _6\"></span>e incluyen la<span class=\"_ _6\"></span>s plantas<span class=\"_ _6\"></span> de generaci\u00f3n de energ\u00eda a partir de biomasa que opera ENCE, quedan excluidas de la aplicaci\u00f3n del aj<span class=\"_ _6\"></span>uste por desviaciones en el precio de <span class=\"_ _1\"></span>mercado, regulado en el <span class=\"_ _1\"></span>art\u00edculo 22 del RD 413/<span class=\"_ _1\"></span>2014, a partir del 1 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e enero de<span class=\"_ _e\"></span> 2024.<span class=\"ls0_1\"> No <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>bstante, el <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>aj<span class=\"_ _6\"></span>uste re<span class=\"_ _1\"></span>gistrado correspondiente a <span class=\"_ _e\"></span>periodo<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>anteriores a <span class=\"_ _1\"></span>2023, <span class=\"_ _1\"></span>este incluido, </span>mantienen el r\u00e9gimen esta<span class=\"_ _6\"></span>blecido en la n<span class=\"_ _6\"></span>ormativa.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-561": {
   "value": "Los \u201cIngresos<span class=\"_ _6\"></span> ordinarios\u201d <span class=\"_ _6\"></span><span class=\"ff4\">derivados de contra<span class=\"_ _6\"></span>tos con clientes se reconocen en<span class=\"_ _6\"></span> funci\u00f3n del cumpli<span class=\"_ _6\"></span>miento de </span>las  o<span class=\"_ _6\"></span>bligaciones <span class=\"_ _18\"> </span>de  desempe\u00f1o<span class=\"_ _6\"></span>  con <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>clientes,  y <span class=\"_ _1e\"> </span>representan<span class=\"_ _6\"></span>  los <span class=\"_ _18\"> </span>importes <span class=\"_ _18\"> </span>a  cobrar <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>los  bienes entregados y servicios prestados en el marco ordinario de la actividad,<span class=\"_ _6\"></span> netos de devoluciones y descuentos, y <span class=\"_ _6\"></span>cantid<span class=\"_ _6\"></span>ades <span class=\"_ _6\"></span>recibidas <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>terceros, <span class=\"_ _15\"></span>tales <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>impuesto <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>a\u00f1adido. <span class=\"_ _15\"></span>Los <span class=\"_ _6\"></span>i<span class=\"_ _15\"></span>ngreso<span class=\"_ _6\"></span>s se  reconocen  cuando  se  pueden  medir  con  fiabilidad  y  es  probable  que  ENCE  recibir\u00e1  los  benef<span class=\"_ _15\"></span>icios econ\u00f3micos asociado<span class=\"_ _6\"></span>s a la transacci\u00f3n<span class=\"_ _6\"></span>, y se valoran por el valor razo<span class=\"_ _6\"></span>nable de la contra<span class=\"_ _6\"></span>prestaci\u00f3n recibida o a recibir.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-581": {
   "value": "Los <span class=\"_ _0\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Resultado <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _11\"></span>a <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>devengo. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e reconoce un gasto d<span class=\"_ _6\"></span>e forma inmediata cu<span class=\"_ _6\"></span>ando no s<span class=\"_ _6\"></span>e prev\u00e9 que genere beneficios econ<span class=\"_ _6\"></span>\u00f3micos futuros<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "3.16<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Impuesto so<span class=\"_ _1\"></span>bre beneficios </span></span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>tributa<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el Impu<span class=\"_ _6\"></span>esto <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>Sociedades<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>trav\u00e9s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Grupos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>olidaci\u00f3n <span class=\"_ _6\"></span>fiscal <span class=\"_ _6\"></span>regulados en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Cap\u00edtulo <span class=\"_ _0\"></span>VI <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>T\u00edtulo <span class=\"_ _0\"></span>V<span class=\"_ _6\"></span>II <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Texto <span class=\"_ _11\"></span>Refundido <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>Ley <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>Impuesto <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>obre <span class=\"_ _0\"></span>Socied<span class=\"_ _6\"></span>ades, <span class=\"_ _0\"></span>siendo <span class=\"_ _0\"></span>las cabeceras de <span class=\"_ _e\"></span>dicho<span class=\"_ _6\"></span>s Grupos Ence Energ\u00eda <span class=\"_ _e\"></span>y Celu<span class=\"_ _6\"></span>losa, S.A. <span class=\"_ _1\"></span>y Magnon Green <span class=\"_ _1\"></span>Energy, S.L. <span class=\"_ _e\"></span>S<span class=\"_ _6\"></span>e integran en <span class=\"_ _e\"></span>dicho<span class=\"_ _6\"></span>s Grupos <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>filiales <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>est\u00e1n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>domiciliadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>Espa\u00f1a <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>sobre <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>cabecera <span class=\"_ _15\"></span>tiene <span class=\"_ _6\"></span>una<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>ticipaci\u00f3n <span class=\"_ _6\"></span>en su capital s<span class=\"_ _6\"></span>ocial igual o superior al 75%. <span class=\"_ _15\"></span> El <span class=\"_ _12\"> </span>gasto  o <span class=\"_ _11\"> </span>ingreso  por <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>Im<span class=\"_ _6\"></span>puesto  sobre <span class=\"_ _11\"> </span>Sociedades<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>comprende <span class=\"_ _12\"> </span>tan<span class=\"_ _6\"></span>to <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>i<span class=\"_ _6\"></span>mpuesto <span class=\"_ _12\"> </span>corriente  como <span class=\"_ _11\"> </span>e<span class=\"_ _6\"></span>l impuesto  diferido.  El <span class=\"_ _18\"> </span>impuesto  sobre  las  ganancias  corriente  o  d<span class=\"_ _6\"></span>iferido  se  reconoce  en  el  Estad<span class=\"_ _6\"></span>o  de Resultado <span class=\"_ _6\"></span>consolidado, s<span class=\"_ _6\"></span>alvo que s<span class=\"_ _6\"></span>urja de <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>transacci\u00f3n o<span class=\"_ _6\"></span> su<span class=\"_ _6\"></span>ceso econ\u00f3mico <span class=\"_ _6\"></span>que se <span class=\"_ _6\"></span>ha reconocido<span class=\"_ _6\"></span>, en <span class=\"_ _6\"></span>el mismo ejercicio o en otro d<span class=\"_ _6\"></span>iferente, con<span class=\"_ _6\"></span>tra patrimonio n<span class=\"_ _6\"></span>eto o de una comb<span class=\"_ _6\"></span>inaci\u00f3n de negocios.<span class=\"_ _15\"></span> Los <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>por <span class=\"_ _1\"></span>impuesto <span class=\"_ _1\"></span>sobre <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cias <span class=\"_ _e\"></span>corrie<span class=\"_ _6\"></span>ntes <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>valoran<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>por las <span class=\"_ _a\"></span>can<span class=\"_ _6\"></span>tidades <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>pera pagar <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>recuperar <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>autoridades <span class=\"_ _15\"></span>fiscales, <span class=\"_ _15\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>normativa <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>tipos <span class=\"_ _15\"></span>impositivos <span class=\"_ _15\"></span>aprobados <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>los pa\u00edses que op<span class=\"_ _6\"></span>eran las sociedades d<span class=\"_ _6\"></span>el Grupo<span class=\"_ _6\"></span>. La <span class=\"_ _6\"></span>contabilizaci\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>pasivos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>determina <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>funci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>diferencias entre <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>libros <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>activos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>pasivo<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>fiscal, <span class=\"_ _10\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>tasas <span class=\"_ _10\"></span>fiscales <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>espera objetivamente  que <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>t\u00e9n  en <span class=\"_ _12\"> </span>vigor  cuando<span class=\"_ _6\"></span>  lo<span class=\"_ _1\"></span>s  activos <span class=\"_ _12\"> </span>y  pasivos  se <span class=\"_ _12\"> </span>realicen,  valor <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>coin<span class=\"_ _6\"></span>cide  con <span class=\"_ _12\"> </span>el gravamen  vigente <span class=\"_ _12\"> </span>en  cada  momento.  Esto<span class=\"_ _6\"></span>s  activos <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>pas<span class=\"_ _6\"></span>ivos  se <span class=\"_ _12\"> </span>reconocen  en  el <span class=\"_ _12\"> </span>Es<span class=\"_ _6\"></span>tado  de  Situaci\u00f3n Financiera consolidado como \u201cno <span class=\"_ _1\"></span>corrientes\u201d, independientemente de <span class=\"_ _1\"></span>la fecha de <span class=\"_ _1\"></span>esperada de <span class=\"_ _1\"></span>re<span class=\"_ _6\"></span><span class=\"ff4\">alizaci\u00f3n o </span>liquidaci\u00f3n.<span class=\"_ _33\"> </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>reconoce <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>car\u00e1cter <span class=\"_ _15\"></span>general <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>pasivos <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>todos <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>casos<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>Por <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>parte, los <span class=\"_ _12\"> </span>activo<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>por  im<span class=\"_ _1\"></span>puesto <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>iferido <span class=\"_ _12\"> </span>s\u00f3<span class=\"_ _6\"></span>lo <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>re<span class=\"_ _6\"></span>conocen  e<span class=\"_ _1\"></span>n  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>caso  de <span class=\"_ _11\"> </span>que  se <span class=\"_ _11\"> </span>cons<span class=\"_ _6\"></span>idere  probable <span class=\"_ _11\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>las entidades cons<span class=\"_ _6\"></span>olidadas van<span class=\"_ _6\"></span> a tener en el futuro s<span class=\"_ _6\"></span>uficientes ganan<span class=\"_ _6\"></span>cias fiscales contra<span class=\"_ _6\"></span> las que poder hacerlos<span class=\"_ _6\"></span> efectivos. <span class=\"_ _15\"></span>Con <span class=\"_ _6\"></span>ocas<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cada <span class=\"_ _15\"></span>cierre <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>table, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reestima <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>capacidad <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>recuperaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>impuestos diferidos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>activo <span class=\"_ _15\"></span>reconocidos, <span class=\"_ _6\"></span>efectu\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>op<span class=\"_ _6\"></span>ortunas <span class=\"_ _6\"></span>correcciones <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>mismos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>a<span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>erdo <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>los resultados d<span class=\"_ _6\"></span>e los an\u00e1lisis realizados.<span class=\"_ _33\"> </span>No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>activos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>impues<span class=\"_ _6\"></span>tos <span class=\"_ _0\"></span>diferidos <span class=\"_ _0\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _0\"></span>surgen <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>reconocimiento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el fondo de comercio o<span class=\"_ _6\"></span> de un a<span class=\"_ _6\"></span>ctivo o<span class=\"_ _6\"></span> pasivo en<span class=\"_ _6\"></span> una trans<span class=\"_ _6\"></span>acci\u00f3n que no es un<span class=\"_ _6\"></span>a combinaci\u00f3<span class=\"_ _6\"></span>n de negocios y<span class=\"_ _6\"></span> en la <span class=\"_ _10\"></span>fecha <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>tra<span class=\"_ _6\"></span>nsacci\u00f3n <span class=\"_ _10\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>afecta <span class=\"_ _0\"></span>ni <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>result<span class=\"_ _6\"></span>ado <span class=\"_ _0\"></span>contable <span class=\"_ _10\"></span>ni <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>imponible <span class=\"_ _0\"></span>fiscal, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien, <span class=\"_ _10\"></span>cuan<span class=\"_ _6\"></span>do correspondan <span class=\"_ _1b\"> </span>a <span class=\"_ _1b\"> </span>diferencias <span class=\"_ _1b\"> </span>temporarias<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span>relacionadas <span class=\"_ _1b\"> </span>con <span class=\"_ _1b\"> </span>inversion<span class=\"_ _6\"></span>es <span class=\"_ _1b\"> </span>en <span class=\"_ _1c\"> </span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _1b\"> </span>dependientes, asociadas <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>negocios <span class=\"_ _10\"></span>conjuntos <span class=\"_ _15\"></span>sobre <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _15\"></span>tenga <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>capacidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>controlar <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>momento <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>s<span class=\"_ _15\"></span><span class=\"ls1a\">u </span>reversi\u00f3n y no fu<span class=\"_ _6\"></span>ese probable qu<span class=\"_ _6\"></span>e se produzca su <span class=\"_ _6\"></span>reversi\u00f3n en un futuro<span class=\"_ _6\"></span> previsible.<span class=\"_ _6\"></span> Si <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span>Grupo <span class=\"_ _11\"> </span>determina <span class=\"_ _11\"> </span>que <span class=\"_ _11\"></span>no <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>robable <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>autorid<span class=\"_ _6\"></span>ad <span class=\"_ _11\"></span>fiscal <span class=\"_ _0\"></span>vay<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>aceptar<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>un <span class=\"_ _0\"></span>trata<span class=\"_ _6\"></span>miento <span class=\"_ _11\"></span>fiscal incierto <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>grupo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>tratamientos <span class=\"_ _15\"></span>fiscales <span class=\"_ _15\"></span>inciertos, <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>idera <span class=\"_ _6\"></span>dicha<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>incertidumbre <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>determinaci\u00f3n de <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>base <span class=\"_ _1e\"> </span>imponible, <span class=\"_ _1e\"> </span>bases <span class=\"_ _1e\"> </span>fiscales, <span class=\"_ _17\"> </span>cr\u00e9ditos <span class=\"_ _1e\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _1e\"> </span>bases <span class=\"_ _1e\"> </span>imponibles <span class=\"_ _1e\"> </span>n<span class=\"_ _6\"></span>egativas, <span class=\"_ _1e\"> </span>deducciones <span class=\"_ _1e\"> </span>o <span class=\"_ _1e\"> </span>tipos impositivos.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-562": {
   "value": "Los <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>por <span class=\"_ _1\"></span>impuesto <span class=\"_ _1\"></span>sobre <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ganan<span class=\"_ _6\"></span>cias <span class=\"_ _e\"></span>corrie<span class=\"_ _6\"></span>ntes <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>valoran<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>por las <span class=\"_ _a\"></span>can<span class=\"_ _6\"></span>tidades <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>pera pagar <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>recuperar <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>autoridades <span class=\"_ _15\"></span>fiscales, <span class=\"_ _15\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>normativa <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>tipos <span class=\"_ _15\"></span>impositivos <span class=\"_ _15\"></span>aprobados <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>los pa\u00edses que op<span class=\"_ _6\"></span>eran las sociedades d<span class=\"_ _6\"></span>el Grupo<span class=\"_ _6\"></span>. La <span class=\"_ _6\"></span>contabilizaci\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>pasivos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>determina <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>funci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>diferencias entre <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>libros <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>activos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>pasivo<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>fiscal, <span class=\"_ _10\"></span>utiliza<span class=\"_ _6\"></span>ndo <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>tasas <span class=\"_ _10\"></span>fiscales <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>espera objetivamente  que <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>t\u00e9n  en <span class=\"_ _12\"> </span>vigor  cuando<span class=\"_ _6\"></span>  lo<span class=\"_ _1\"></span>s  activos <span class=\"_ _12\"> </span>y  pasivos  se <span class=\"_ _12\"> </span>realicen,  valor <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>coin<span class=\"_ _6\"></span>cide  con <span class=\"_ _12\"> </span>el gravamen  vigente <span class=\"_ _12\"> </span>en  cada  momento.  Esto<span class=\"_ _6\"></span>s  activos <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>pas<span class=\"_ _6\"></span>ivos  se <span class=\"_ _12\"> </span>reconocen  en  el <span class=\"_ _12\"> </span>Es<span class=\"_ _6\"></span>tado  de  Situaci\u00f3n Financiera consolidado como \u201cno <span class=\"_ _1\"></span>corrientes\u201d, independientemente de <span class=\"_ _1\"></span>la fecha de <span class=\"_ _1\"></span>esperada de <span class=\"_ _1\"></span>re<span class=\"_ _6\"></span><span class=\"ff4\">alizaci\u00f3n o </span>liquidaci\u00f3n.<span class=\"_ _33\"> </span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>reconoce <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>car\u00e1cter <span class=\"_ _15\"></span>general <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>pasivos <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>impuesto <span class=\"_ _6\"></span>diferido <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>todos <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>casos<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>Por <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>parte, los <span class=\"_ _12\"> </span>activo<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>por  im<span class=\"_ _1\"></span>puesto <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>iferido <span class=\"_ _12\"> </span>s\u00f3<span class=\"_ _6\"></span>lo <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>re<span class=\"_ _6\"></span>conocen  e<span class=\"_ _1\"></span>n  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>caso  de <span class=\"_ _11\"> </span>que  se <span class=\"_ _11\"> </span>cons<span class=\"_ _6\"></span>idere  probable <span class=\"_ _11\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>las entidades cons<span class=\"_ _6\"></span>olidadas van<span class=\"_ _6\"></span> a tener en el futuro s<span class=\"_ _6\"></span>uficientes ganan<span class=\"_ _6\"></span>cias fiscales contra<span class=\"_ _6\"></span> las que poder hacerlos<span class=\"_ _6\"></span> efectivos. <span class=\"_ _15\"></span>Con <span class=\"_ _6\"></span>ocas<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cada <span class=\"_ _15\"></span>cierre <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>table, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reestima <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>capacidad <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>recuperaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>impuestos diferidos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>activo <span class=\"_ _15\"></span>reconocidos, <span class=\"_ _6\"></span>efectu\u00e1ndos<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>op<span class=\"_ _6\"></span>ortunas <span class=\"_ _6\"></span>correcciones <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>mismos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>a<span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>erdo <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>los resultados d<span class=\"_ _6\"></span>e los an\u00e1lisis realizados.<span class=\"_ _33\"> </span>No <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>activos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>impues<span class=\"_ _6\"></span>tos <span class=\"_ _0\"></span>diferidos <span class=\"_ _0\"></span>cuan<span class=\"_ _6\"></span>do <span class=\"_ _0\"></span>surgen <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>reconocimiento <span class=\"_ _0\"></span>inicial <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el fondo de comercio o<span class=\"_ _6\"></span> de un a<span class=\"_ _6\"></span>ctivo o<span class=\"_ _6\"></span> pasivo en<span class=\"_ _6\"></span> una trans<span class=\"_ _6\"></span>acci\u00f3n que no es un<span class=\"_ _6\"></span>a combinaci\u00f3<span class=\"_ _6\"></span>n de negocios y<span class=\"_ _6\"></span> en la <span class=\"_ _10\"></span>fecha <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>tra<span class=\"_ _6\"></span>nsacci\u00f3n <span class=\"_ _10\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>afecta <span class=\"_ _0\"></span>ni <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>result<span class=\"_ _6\"></span>ado <span class=\"_ _0\"></span>contable <span class=\"_ _10\"></span>ni <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>imponible <span class=\"_ _0\"></span>fiscal, <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien, <span class=\"_ _10\"></span>cuan<span class=\"_ _6\"></span>do correspondan <span class=\"_ _1b\"> </span>a <span class=\"_ _1b\"> </span>diferencias <span class=\"_ _1b\"> </span>temporarias<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span>relacionadas <span class=\"_ _1b\"> </span>con <span class=\"_ _1b\"> </span>inversion<span class=\"_ _6\"></span>es <span class=\"_ _1b\"> </span>en <span class=\"_ _1c\"> </span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _1b\"> </span>dependientes, asociadas <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>negocios <span class=\"_ _10\"></span>conjuntos <span class=\"_ _15\"></span>sobre <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Grupo <span class=\"_ _15\"></span>tenga <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>capacidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>controlar <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>momento <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>s<span class=\"_ _15\"></span><span class=\"ls1a\">u </span>reversi\u00f3n y no fu<span class=\"_ _6\"></span>ese probable qu<span class=\"_ _6\"></span>e se produzca su <span class=\"_ _6\"></span>reversi\u00f3n en un futuro<span class=\"_ _6\"></span> previsible.<span class=\"_ _6\"></span> Si <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span>Grupo <span class=\"_ _11\"> </span>determina <span class=\"_ _11\"> </span>que <span class=\"_ _11\"></span>no <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>robable <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>autorid<span class=\"_ _6\"></span>ad <span class=\"_ _11\"></span>fiscal <span class=\"_ _0\"></span>vay<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>aceptar<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>un <span class=\"_ _0\"></span>trata<span class=\"_ _6\"></span>miento <span class=\"_ _11\"></span>fiscal incierto <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>grupo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>tratamientos <span class=\"_ _15\"></span>fiscales <span class=\"_ _15\"></span>inciertos, <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>idera <span class=\"_ _6\"></span>dicha<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>incertidumbre <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>determinaci\u00f3n de <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>base <span class=\"_ _1e\"> </span>imponible, <span class=\"_ _1e\"> </span>bases <span class=\"_ _1e\"> </span>fiscales, <span class=\"_ _17\"> </span>cr\u00e9ditos <span class=\"_ _1e\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _1e\"> </span>bases <span class=\"_ _1e\"> </span>imponibles <span class=\"_ _1e\"> </span>n<span class=\"_ _6\"></span>egativas, <span class=\"_ _1e\"> </span>deducciones <span class=\"_ _1e\"> </span>o <span class=\"_ _1e\"> </span>tipos impositivos.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-563": {
   "value": "3.17<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Activos no cor<span class=\"_ _1\"></span>rientes man<span class=\"_ _1\"></span>tenidos para la <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>enta y Operacion<span class=\"_ _1\"></span>es </span></span>discontinua<span class=\"_ _1\"></span>das Un <span class=\"_ _1\"></span>activo <span class=\"_ _1\"></span>no corriente <span class=\"_ _e\"></span>o un <span class=\"_ _e\"></span>gru<span class=\"_ _6\"></span>po e<span class=\"_ _1\"></span>najenable de <span class=\"_ _e\"></span>elementos se <span class=\"_ _e\"></span>clasifica como <span class=\"_ _e\"></span>activ<span class=\"_ _6\"></span>o mantenido <span class=\"_ _1\"></span>para la <span class=\"_ _e\"></span>venta cuando su <span class=\"_ _1\"></span>valor se <span class=\"_ _1\"></span>prev\u00e9 recuperar <span class=\"_ _e\"></span>prin<span class=\"_ _6\"></span>cipalmente a <span class=\"_ _e\"></span>trav<span class=\"_ _6\"></span>\u00e9s de <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u venta, <span class=\"_ _e\"></span>y siempre que <span class=\"_ _e\"></span>la venta se <span class=\"_ _1\"></span>considere altamente probable, y el a<span class=\"_ _6\"></span>ctivo est\u00e9 disp<span class=\"_ _6\"></span>on<span class=\"_ _6\"></span>ible para su venta inmediata en s<span class=\"_ _6\"></span>u estado a<span class=\"_ _6\"></span>ctual. Estos <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>grupos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>enajenaci\u00f3n <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>valoran <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>menor <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>libros <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>el valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>estimado <span class=\"_ _6\"></span>de venta deducidos los costes nece<span class=\"_ _1\"></span>sarios para llevarla a cabo <span class=\"_ _1\"></span>y dejan <span class=\"_ _1\"></span>de amortizarse desde el <span class=\"_ _e\"></span>momento en que son <span class=\"_ _15\"></span>clas<span class=\"_ _6\"></span>ificados <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>activos <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>corrientes<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>mantenidos <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>enta. <span class=\"_ _15\"></span>Anualmente <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>analiza <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alor contable <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>exceda <span class=\"_ _15\"></span>del v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>razo<span class=\"_ _6\"></span>nable <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>venta<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e p<span class=\"_ _6\"></span>roducirse <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaci\u00f3n <span class=\"_ _6\"></span>se<span class=\"_ _6\"></span> realizan las<span class=\"_ _6\"></span> correspon<span class=\"_ _6\"></span>dientes <span class=\"_ _6\"></span>correcciones<span class=\"_ _6\"></span> valora<span class=\"_ _6\"></span>tivas <span class=\"_ _6\"></span>que se <span class=\"_ _6\"></span>incluyen en<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el ep\u00edgraf<span class=\"_ _6\"></span>e \u201cD<span class=\"_ _15\"></span><span class=\"ff4\">et<span class=\"_ _6\"></span>erioros d<span class=\"_ _6\"></span>e valor <span class=\"_ _6\"></span>y </span>resultados p<span class=\"_ _6\"></span>or enajenaci\u00f3n de inmovilizado<span class=\"_ _6\"></span>\u201d del Estad<span class=\"_ _6\"></span>o de Resultado cons<span class=\"_ _6\"></span>olidado.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>Los <span class=\"_ _12\"> </span>activ<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>no <span class=\"_ _12\"> </span>corrientes  mantenidos <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>enta <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>resentan <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>Situaci\u00f3n <span class=\"_ _12\"> </span>Financiera consolidado  de  la  siguiente  forma:  los  activos  en  una  \u00fa<span class=\"_ _1\"></span>nica  l\u00ednea  denominada  \u201cActivos  no  corrientes mantenidos para <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>venta\u201d <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>asivos <span class=\"_ _e\"></span>ta<span class=\"_ _6\"></span>mbi\u00e9n <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>na \u00fanica <span class=\"_ _e\"></span>l\u00ednea denominada <span class=\"_ _e\"></span>\u201cPas<span class=\"_ _6\"></span>ivos <span class=\"_ _e\"></span>asociados<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>activos no corrientes mantenido<span class=\"_ _6\"></span>s para la <span class=\"_ _6\"></span>venta\u201d.<span class=\"ff4\"> </span>Adicionalmente, <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>G<span class=\"_ _6\"></span>rupo <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>activid<span class=\"_ _6\"></span>ades <span class=\"_ _11\"> </span>interru<span class=\"_ _6\"></span>mpidas <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>componentes <span class=\"_ _12\"> </span>(unidades <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>grupos <span class=\"_ _12\"> </span>de unidades <span class=\"_ _10\"></span>generadoras<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>efectivo) <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>representan <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>l\u00ednea <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>negocio <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>\u00e1rea <span class=\"_ _10\"></span>geogr\u00e1fica <span class=\"_ _10\"></span>significativa <span class=\"_ _10\"></span>y que <span class=\"_ _0\"></span>pueda <span class=\"_ _11\"> </span>considerarse <span class=\"_ _11\"></span>separada <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>resto, <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>ha<span class=\"_ _6\"></span>y<span class=\"_ _6\"></span>an <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>endido <span class=\"_ _0\"></span>o <span class=\"_ _11\"></span>dispuesto <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>otra <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>\u00eda, <span class=\"_ _0\"></span>o <span class=\"_ _11\"></span>bien <span class=\"_ _0\"></span>que re\u00fanen las cond<span class=\"_ _6\"></span>iciones descritas p<span class=\"_ _6\"></span>ara ser clasificadas como man<span class=\"_ _6\"></span>tenidas para <span class=\"_ _6\"></span>la venta.<span class=\"_ _6\"></span> Los resultados despu\u00e9s de impuestos de las <span class=\"_ _1\"></span>operaciones discontinuadas se presentan en una \u00fanica l\u00ednea del Estado <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>Resultado <span class=\"_ _1b\"> </span>consolidado <span class=\"_ _1c\"> </span>denominad<span class=\"_ _6\"></span>a <span class=\"_ _1c\"> </span>\u201cResulta<span class=\"_ _6\"></span>do <span class=\"_ _1c\"> </span>del <span class=\"_ _1c\"> </span>ejerci<span class=\"_ _6\"></span>cio <span class=\"_ _1c\"> </span>procedent<span class=\"_ _6\"></span>e <span class=\"_ _1c\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1c\"> </span>operaciones interrumpidas neto d<span class=\"_ _6\"></span>e impuesto<span class=\"_ _6\"></span>s\u201d.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "3.17<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Activos no cor<span class=\"_ _1\"></span>rientes man<span class=\"_ _1\"></span>tenidos para la <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>enta y Operacion<span class=\"_ _1\"></span>es </span></span>discontinua<span class=\"_ _1\"></span>das Un <span class=\"_ _1\"></span>activo <span class=\"_ _1\"></span>no corriente <span class=\"_ _e\"></span>o un <span class=\"_ _e\"></span>gru<span class=\"_ _6\"></span>po e<span class=\"_ _1\"></span>najenable de <span class=\"_ _e\"></span>elementos se <span class=\"_ _e\"></span>clasifica como <span class=\"_ _e\"></span>activ<span class=\"_ _6\"></span>o mantenido <span class=\"_ _1\"></span>para la <span class=\"_ _e\"></span>venta cuando su <span class=\"_ _1\"></span>valor se <span class=\"_ _1\"></span>prev\u00e9 recuperar <span class=\"_ _e\"></span>prin<span class=\"_ _6\"></span>cipalmente a <span class=\"_ _e\"></span>trav<span class=\"_ _6\"></span>\u00e9s de <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u venta, <span class=\"_ _e\"></span>y siempre que <span class=\"_ _e\"></span>la venta se <span class=\"_ _1\"></span>considere altamente probable, y el a<span class=\"_ _6\"></span>ctivo est\u00e9 disp<span class=\"_ _6\"></span>on<span class=\"_ _6\"></span>ible para su venta inmediata en s<span class=\"_ _6\"></span>u estado a<span class=\"_ _6\"></span>ctual. Estos <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>grupos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>enajenaci\u00f3n <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>valoran <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>menor <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>libros <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>el valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>estimado <span class=\"_ _6\"></span>de venta deducidos los costes nece<span class=\"_ _1\"></span>sarios para llevarla a cabo <span class=\"_ _1\"></span>y dejan <span class=\"_ _1\"></span>de amortizarse desde el <span class=\"_ _e\"></span>momento en que son <span class=\"_ _15\"></span>clas<span class=\"_ _6\"></span>ificados <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>activos <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>corrientes<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>mantenidos <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>enta. <span class=\"_ _15\"></span>Anualmente <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>analiza <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alor contable <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>exceda <span class=\"_ _15\"></span>del v<span class=\"_ _6\"></span>alor <span class=\"_ _6\"></span>razo<span class=\"_ _6\"></span>nable <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>venta<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e p<span class=\"_ _6\"></span>roducirse <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaci\u00f3n <span class=\"_ _6\"></span>se<span class=\"_ _6\"></span> realizan las<span class=\"_ _6\"></span> correspon<span class=\"_ _6\"></span>dientes <span class=\"_ _6\"></span>correcciones<span class=\"_ _6\"></span> valora<span class=\"_ _6\"></span>tivas <span class=\"_ _6\"></span>que se <span class=\"_ _6\"></span>incluyen en<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el ep\u00edgraf<span class=\"_ _6\"></span>e \u201cD<span class=\"_ _15\"></span><span class=\"ff4\">et<span class=\"_ _6\"></span>erioros d<span class=\"_ _6\"></span>e valor <span class=\"_ _6\"></span>y </span>resultados p<span class=\"_ _6\"></span>or enajenaci\u00f3n de inmovilizado<span class=\"_ _6\"></span>\u201d del Estad<span class=\"_ _6\"></span>o de Resultado cons<span class=\"_ _6\"></span>olidado.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>Los <span class=\"_ _12\"> </span>activ<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>no <span class=\"_ _12\"> </span>corrientes  mantenidos <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>enta <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>resentan <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>Situaci\u00f3n <span class=\"_ _12\"> </span>Financiera consolidado  de  la  siguiente  forma:  los  activos  en  una  \u00fa<span class=\"_ _1\"></span>nica  l\u00ednea  denominada  \u201cActivos  no  corrientes mantenidos para <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>venta\u201d <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>asivos <span class=\"_ _e\"></span>ta<span class=\"_ _6\"></span>mbi\u00e9n <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>na \u00fanica <span class=\"_ _e\"></span>l\u00ednea denominada <span class=\"_ _e\"></span>\u201cPas<span class=\"_ _6\"></span>ivos <span class=\"_ _e\"></span>asociados<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>activos no corrientes mantenido<span class=\"_ _6\"></span>s para la <span class=\"_ _6\"></span>venta\u201d.<span class=\"ff4\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-582": {
   "value": "Adicionalmente, <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>G<span class=\"_ _6\"></span>rupo <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>activid<span class=\"_ _6\"></span>ades <span class=\"_ _11\"> </span>interru<span class=\"_ _6\"></span>mpidas <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>componentes <span class=\"_ _12\"> </span>(unidades <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>grupos <span class=\"_ _12\"> </span>de unidades <span class=\"_ _10\"></span>generadoras<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>efectivo) <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>representan <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>l\u00ednea <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>negocio <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>\u00e1rea <span class=\"_ _10\"></span>geogr\u00e1fica <span class=\"_ _10\"></span>significativa <span class=\"_ _10\"></span>y que <span class=\"_ _0\"></span>pueda <span class=\"_ _11\"> </span>considerarse <span class=\"_ _11\"></span>separada <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>resto, <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>ha<span class=\"_ _6\"></span>y<span class=\"_ _6\"></span>an <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>endido <span class=\"_ _0\"></span>o <span class=\"_ _11\"></span>dispuesto <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>otra <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>\u00eda, <span class=\"_ _0\"></span>o <span class=\"_ _11\"></span>bien <span class=\"_ _0\"></span>que re\u00fanen las cond<span class=\"_ _6\"></span>iciones descritas p<span class=\"_ _6\"></span>ara ser clasificadas como man<span class=\"_ _6\"></span>tenidas para <span class=\"_ _6\"></span>la venta.<span class=\"_ _6\"></span> Los resultados despu\u00e9s de impuestos de las <span class=\"_ _1\"></span>operaciones discontinuadas se presentan en una \u00fanica l\u00ednea del Estado <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>Resultado <span class=\"_ _1b\"> </span>consolidado <span class=\"_ _1c\"> </span>denominad<span class=\"_ _6\"></span>a <span class=\"_ _1c\"> </span>\u201cResulta<span class=\"_ _6\"></span>do <span class=\"_ _1c\"> </span>del <span class=\"_ _1c\"> </span>ejerci<span class=\"_ _6\"></span>cio <span class=\"_ _1c\"> </span>procedent<span class=\"_ _6\"></span>e <span class=\"_ _1c\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1c\"> </span>operaciones interrumpidas neto d<span class=\"_ _6\"></span>e impuesto<span class=\"_ _6\"></span>s\u201d.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "3.18<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Beneficio po<span class=\"_ _1\"></span>r acci\u00f3n </span></span>El <span class=\"_ _10\"></span>b<span class=\"_ _6\"></span>eneficio <span class=\"_ _10\"></span>b\u00e1s<span class=\"_ _6\"></span>ico <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>calcula <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>cociente<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>\u201c<span class=\"_ _6\"></span>Beneficio <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _10\"></span>atrib<span class=\"_ _6\"></span>uible <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la Sociedad <span class=\"_ _10\"></span>Dominante\u201d <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>n\u00fa<span class=\"_ _6\"></span>mero <span class=\"_ _10\"></span>medio <span class=\"_ _10\"></span>po<span class=\"_ _6\"></span>nderado <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>acciones <span class=\"_ _10\"></span>ordinar<span class=\"_ _6\"></span>ias <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>circulaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>duran<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>dicho<span class=\"_ _33\"> </span>per\u00edodo, <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>in <span class=\"_ _12\"> </span>incluir <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>n\u00famero  m<span class=\"_ _1\"></span>edio <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>es <span class=\"_ _12\"> </span>propias <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>Sociedad<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>Dominante  e<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>cartera <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>las sociedades del Grupo<span class=\"_ _6\"></span>. Por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>parte, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>beneficio <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>iluido <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>calcula <span class=\"_ _0\"></span>como <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>cociente <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span><span class=\"ff6\">\u201cBen<span class=\"_ _6\"></span>eficio <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercicio </span>atribuible <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Sociedad <span class=\"_ _10\"></span>Do<span class=\"_ _6\"></span>minan<span class=\"_ _6\"></span>te\u201d <span class=\"_ _0\"></span><span class=\"ff4\">y <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>n\u00famero <span class=\"_ _0\"></span>medio <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>onderado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>acciones <span class=\"_ _10\"></span>ord<span class=\"_ _6\"></span>inarias <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>circulaci\u00f3n </span>durante el periodo, ajustado por <span class=\"_ _1\"></span>el promedio ponderado de <span class=\"_ _e\"></span>las acciones ordinarias que ser\u00edan em<span class=\"_ _1\"></span>itidas si se convirtieran <span class=\"_ _12\"> </span>todas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>las <span class=\"_ _12\"> </span>acciones <span class=\"_ _12\"> </span>potenciales <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>acciones <span class=\"_ _12\"> </span>ordin<span class=\"_ _6\"></span>arias. <span class=\"_ _12\"> </span>A <span class=\"_ _12\"> </span>estos <span class=\"_ _11\"> </span>efecto<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>la<span class=\"_ _33\"> </span>conversi\u00f3n tiene lugar al comienzo del <span class=\"_ _1\"></span>periodo o en el <span class=\"_ _1\"></span>momento de la <span class=\"_ _1\"></span>emisi\u00f3n de las <span class=\"_ _1\"></span>accion<span class=\"_ _6\"></span>es potenciales si estas se hu<span class=\"_ _6\"></span>biesen puesto en circulaci\u00f3n<span class=\"_ _6\"></span> durante el prop<span class=\"_ _6\"></span>io periodo.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "3.19<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Transaccion<span class=\"_ _1\"></span>es con partes vinculad<span class=\"_ _1\"></span>as </span></span>El Grupo realiza tod<span class=\"_ _6\"></span>as sus op<span class=\"_ _6\"></span>eraciones con partes vin<span class=\"_ _6\"></span>culadas a valores<span class=\"_ _6\"></span> de mercado.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-564": {
   "value": "Saldos y tra<span class=\"_ _1\"></span>nsacciones en <span class=\"_ _1\"></span>moneda diferen<span class=\"_ _1\"></span>te al euro<span class=\"_ _33\"> </span>Las <span class=\"_ _6\"></span>cuentas <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>uales <span class=\"_ _6\"></span>conso<span class=\"_ _6\"></span>lidadas <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>presentan <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>euros, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>mon<span class=\"_ _6\"></span>eda <span class=\"_ _6\"></span>funcional <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>presenta<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>de la Sociedad Dominante.<span class=\"_ _6\"></span> La <span class=\"_ _e\"></span>conv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>a euros <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>los cr\u00e9ditos <span class=\"_ _e\"></span>y d\u00e9bitos <span class=\"_ _e\"></span>expresados e<span class=\"_ _1\"></span>n <span class=\"_ _e\"></span>moneda diferente <span class=\"_ _e\"></span>del e<span class=\"_ _1\"></span>uro <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>realiza aplicando el <span class=\"_ _1\"></span>tipo de <span class=\"_ _1\"></span>cambio vigente <span class=\"_ _1\"></span>en el m<span class=\"_ _1\"></span>omento de <span class=\"_ _1\"></span>efectuar la <span class=\"_ _1\"></span>correspon<span class=\"_ _6\"></span>diente operaci\u00f3n, <span class=\"_ _1\"></span>ajust\u00e1ndose dicho valor en  cada <span class=\"_ _12\"> </span>ci<span class=\"_ _6\"></span>erre  y <span class=\"_ _12\"> </span>has<span class=\"_ _6\"></span>ta  su  cancelaci\u00f3n  en <span class=\"_ _12\"> </span>fun<span class=\"_ _6\"></span>ci\u00f3n  de <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span>  evoluci\u00f3n  del <span class=\"_ _12\"> </span>t<span class=\"_ _6\"></span>ip<span class=\"_ _6\"></span>o  de  cambio. <span class=\"_ _12\"> </span>Lo<span class=\"_ _6\"></span>s  activos  no monetarios <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>enominados <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>moneda <span class=\"_ _e\"></span>extranjera, poco <span class=\"_ _e\"></span>significativos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>ENCE, <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>convierte<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>licando <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>tipo de cambio aplicable en la f<span class=\"_ _6\"></span>echa en la<span class=\"_ _6\"></span> que el activo s<span class=\"_ _6\"></span>e incorpor\u00f3 al Grup<span class=\"_ _6\"></span>o.<span class=\"_ _6\"></span> Las diferencias <span class=\"_ _1\"></span>de cambio que re<span class=\"_ _1\"></span>sultan del cobro <span class=\"_ _e\"></span>o pago de cr\u00e9ditos o <span class=\"_ _e\"></span>deud<span class=\"_ _6\"></span>as en <span class=\"_ _1\"></span>moneda diferente del euro y <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>res<span class=\"_ _6\"></span>ultan <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alorar <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>cuentas <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>cobrar <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>pagar <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>moneda <span class=\"_ _15\"></span>diferente <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>euro <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>fecha <span class=\"_ _10\"></span>de cierre, d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>vige<span class=\"_ _6\"></span>nt<span class=\"_ _6\"></span>e en <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>momento, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e impu<span class=\"_ _6\"></span>tan <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>resultado<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>gasto<span class=\"_ _6\"></span> financiero en el period<span class=\"_ _6\"></span>o en que se pro<span class=\"_ _6\"></span>ducen.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "3.21<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Estado de flujos<span class=\"_ _1\"></span> de efectivo<span class=\"_ _1\"></span>  </span></span>En los estados de flujos de ef<span class=\"_ _1\"></span>ectivo consolidados, preparados de acuerdo al m\u00e9todo indirecto, se utilizan las siguientes expresiones<span class=\"_ _6\"></span> en los siguient<span class=\"_ _6\"></span>es s<span class=\"_ _6\"></span>entidos: 1.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Flujos <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>efectivo: <span class=\"_ _11\"> </span>entra<span class=\"_ _6\"></span>das <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>salidas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>efectivo <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>sus <span class=\"_ _12\"> </span>equivalentes, <span class=\"_ _12\"> </span>entendiendo <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>\u00e9stos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>las </span>inversiones a co<span class=\"_ _6\"></span>rto plazo (inferior a 3 meses<span class=\"_ _6\"></span>) de gran liquidez y<span class=\"_ _6\"></span> bajo riesgo d<span class=\"_ _6\"></span>e alteraciones en su v<span class=\"_ _6\"></span>alor. <span class=\"_ _6\"></span> 2.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Actividades <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>explotaci\u00f3n: <span class=\"_ _10\"></span>actividad<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>t\u00edpicas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>entidades <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>forman <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Grup<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>otras </span>actividades q<span class=\"_ _6\"></span>ue no pueden ser calificadas<span class=\"_ _6\"></span> como de inversi\u00f3<span class=\"_ _6\"></span>n o de finan<span class=\"_ _6\"></span>ciaci\u00f3n.<span class=\"_ _6\"></span> 3.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Actividades <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>inversi\u00f3n: <span class=\"_ _0\"></span>las <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, <span class=\"_ _0\"></span>enajenaci\u00f3n <span class=\"_ _10\"></span>o <span class=\"_ _10\"></span>disp<span class=\"_ _6\"></span>osici\u00f3n <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>otros <span class=\"_ _10\"></span>medios <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _10\"></span>a </span>largo plazo y o<span class=\"_ _6\"></span>tras inversiones no in<span class=\"_ _6\"></span>cluidas en el efectivo y s<span class=\"_ _6\"></span>us equiv<span class=\"_ _6\"></span>alentes.<span class=\"_ _6\"></span> 4.<span class=\"ls0_1\"> <span class=\"_ _21\"> </span>Actividades <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>financiaci\u00f3n: <span class=\"_ _18\"> </span>activ<span class=\"_ _6\"></span>idades <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>roducen <span class=\"_ _18\"> </span>cambios <span class=\"_ _18\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _18\"> </span>tama\u00f1o <span class=\"_ _18\"> </span>y <span class=\"_ _1e\"> </span>composici\u00f3n <span class=\"_ _18\"> </span>del </span>patrimonio neto y d<span class=\"_ _6\"></span>e los pasivos qu<span class=\"_ _6\"></span>e no forman parte d<span class=\"_ _6\"></span>e las actividades d<span class=\"_ _6\"></span>e explotaci\u00f3n.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "3.22<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Actividades con <span class=\"_ _e\"></span>i<span class=\"_ _6\"></span>mpacto en el Me<span class=\"_ _1\"></span>dio Ambiente </span></span>Se <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>sideran <span class=\"_ _15\"></span>actividad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>medioa<span class=\"_ _6\"></span>mbientales <span class=\"_ _15\"></span>aquellas <span class=\"_ _15\"></span>oper<span class=\"_ _6\"></span>aciones <span class=\"_ _15\"></span>desarrollad<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>ENCE<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>yo <span class=\"_ _15\"></span>prop\u00f3s<span class=\"_ _6\"></span>ito principal <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>proteger, <span class=\"_ _0\"></span>redu<span class=\"_ _6\"></span>cir <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>reparar <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>da\u00f1o, <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>resultado <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>activ<span class=\"_ _6\"></span>idades <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>pueda producir sob<span class=\"_ _6\"></span>re el medio ambiente.<span class=\"_ _33\"> </span>Los gastos <span class=\"_ _e\"></span>derivados<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>actividades <span class=\"_ _1\"></span>medioambientales se <span class=\"_ _e\"></span>reconocen como <span class=\"_ _e\"></span>\u201cOtro<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>gastos de <span class=\"_ _e\"></span>explotaci\u00f3n\u201d en el ejercicio en el qu<span class=\"_ _6\"></span>e se incurren.<span class=\"_ _6\"></span> Los elementos d<span class=\"_ _6\"></span>el inmovilizado<span class=\"_ _6\"></span> material adquiridos<span class=\"_ _6\"></span> con el ob<span class=\"_ _6\"></span>jeto de ser utilizad<span class=\"_ _6\"></span>os de for<span class=\"_ _6\"></span>ma duradera en s<span class=\"_ _6\"></span>u actividad y cu<span class=\"_ _6\"></span>ya finalidad principal es la min<span class=\"_ _6\"></span>imizaci\u00f3n del i<span class=\"_ _6\"></span>mpacto medioambienta<span class=\"_ _6\"></span>l y la protecci\u00f3n y<span class=\"_ _6\"></span> mejora del <span class=\"_ _6\"></span>medio <span class=\"_ _15\"></span>ambient<span class=\"_ _6\"></span>e, <span class=\"_ _15\"></span>incluyendo <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>redu<span class=\"_ _6\"></span>cci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>eliminaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>taminaci\u00f3n <span class=\"_ _15\"></span>futura <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>operaciones del <span class=\"_ _0\"></span>Grup<span class=\"_ _6\"></span>o, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>reconocen <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"></span>mediante <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>aplicaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>criterios <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>aloraci\u00f3n, <span class=\"_ _11\"> </span>presentaci\u00f3n <span class=\"_ _0\"></span>y desglose consis<span class=\"_ _6\"></span>tentes con los<span class=\"_ _6\"></span> que se mencionan <span class=\"_ _6\"></span>en los ap<span class=\"_ _6\"></span>artados 3.2 y<span class=\"_ _6\"></span> 3.3 de esta misma No<span class=\"_ _6\"></span><span class=\"ls1b\">ta</span>.<span class=\"_ _6\"></span> Las <span class=\"_ _11\"> </span>pro<span class=\"_ _6\"></span>visiones <span class=\"_ _11\"> </span>relativas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>responsabilidades <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>robables <span class=\"_ _11\"> </span>o <span class=\"_ _11\"> </span>ciertas, <span class=\"_ _12\"> </span>litigios <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>curso <span class=\"_ _11\"> </span>e <span class=\"_ _12\"> </span>indemnizaciones <span class=\"_ _12\"> </span>u obligaciones <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>endientes <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>cuant\u00eda<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>indeterminada <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>natu<span class=\"_ _6\"></span>raleza <span class=\"_ _11\"> </span>medioambienta<span class=\"_ _6\"></span>l, <span class=\"_ _11\"> </span>no <span class=\"_ _12\"> </span>cubiertas <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>las p\u00f3lizas <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>seguros <span class=\"_ _0\"></span>suscritas, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>cons<span class=\"_ _6\"></span>tituyen <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>nacimiento <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>respo<span class=\"_ _6\"></span>nsab<span class=\"_ _6\"></span>ilidad <span class=\"_ _10\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la obligaci\u00f3n <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>determina <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>indemnizaci\u00f3n <span class=\"_ _11\"></span>o <span class=\"_ _0\"></span>pago. <span class=\"_ _11\"> </span>No <span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>ay <span class=\"_ _0\"></span>provisiones <span class=\"_ _11\"></span>relevantes <span class=\"_ _0\"></span>constituidas <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>este concepto al cierre de 202<span class=\"_ _6\"></span>4 y 2023.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-3": {
   "value": "4.<span class=\"ff5 ls0_1\"> <span class=\"_ _f\"> </span><span class=\"ff3\">Estimaciones y juicios contables </span></span>La <span class=\"_ _10\"></span>preparaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>estas <span class=\"_ _10\"></span>cuentas <span class=\"_ _0\"></span>anuales <span class=\"_ _10\"></span>consolidadas <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>acuerd<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>rincipios <span class=\"_ _10\"></span>contables <span class=\"_ _10\"></span>generalm<span class=\"_ _6\"></span>ente aceptados <span class=\"_ _11\"></span>requiere <span class=\"_ _0\"></span>llevar <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>cabo <span class=\"_ _0\"></span>asunciones <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>estimaciones <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>afectan <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y pasivos <span class=\"_ _0\"></span>registrados, <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>presentaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>tingentes, <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>ingresos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>gas<span class=\"_ _6\"></span>tos reconocidos <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>lo <span class=\"_ _1e\"> </span>largo <span class=\"_ _17\"> </span>del <span class=\"_ _17\"> </span>ejercicio. <span class=\"_ _17\"> </span>Los <span class=\"_ _17\"> </span>resultado<span class=\"_ _6\"></span>s <span class=\"_ _1e\"> </span>act<span class=\"_ _6\"></span>uales <span class=\"_ _1e\"> </span>p<span class=\"_ _6\"></span>odr\u00edan <span class=\"_ _17\"> </span>diferir <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>ma<span class=\"_ _6\"></span>nera <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>ignificativa dependiendo de las<span class=\"_ _6\"></span> estimaciones realizad<span class=\"_ _6\"></span>as. <span class=\"_ _6\"></span> Las pol\u00edticas <span class=\"_ _1\"></span>contables y <span class=\"_ _e\"></span>op<span class=\"_ _6\"></span>eraciones que <span class=\"_ _e\"></span>incorpo<span class=\"_ _6\"></span>ran asunciones <span class=\"_ _1\"></span>y es<span class=\"_ _1\"></span>timaciones con <span class=\"_ _1\"></span>un im<span class=\"_ _1\"></span>pacto significativo en estas cuentas<span class=\"_ _6\"></span> anuales consolidadas<span class=\"_ _6\"></span> son las siguientes:<span class=\"_ _6\"></span> Control sobr<span class=\"_ _6\"></span>e MAGNON Con fecha <span class=\"_ _6\"></span>20 de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e 2020, <span class=\"_ _6\"></span>Ence <span class=\"_ _6\"></span>Energ\u00eda y <span class=\"_ _6\"></span>Celulosa, <span class=\"_ _6\"></span>S.A. llev\u00f3<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>cabo <span class=\"_ _6\"></span>la venta <span class=\"_ _6\"></span>de una <span class=\"_ _10\"></span>participaci\u00f3n minoritaria del 49% de la filial<span class=\"_ _6\"></span> Magnon Green En<span class=\"_ _6\"></span>ergy, S.L., holding d<span class=\"_ _6\"></span>el Negocio Energ\u00eda de <span class=\"_ _6\"></span>ENCE.<span class=\"_ _15\"></span> ENCE, a <span class=\"_ _e\"></span>trav<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _1\"></span>de ENCE <span class=\"_ _e\"></span>Renovables, ejerce <span class=\"_ _1\"></span>control sobre Ma<span class=\"_ _1\"></span>gnon Gree<span class=\"_ _1\"></span>n Energy, S.L. <span class=\"_ _e\"></span>y sus <span class=\"_ _1\"></span>filiales <span class=\"_ _e\"></span>de acuerdo a <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>establecido <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>\u201cNIIF <span class=\"_ _10\"></span>10 <span class=\"_ _10\"></span>Estados <span class=\"_ _0\"></span>Financieros <span class=\"_ _10\"></span>Cons<span class=\"_ _6\"></span>olidados\u201d <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>tener <span class=\"_ _0\"></span>poder <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _10\"></span>dirigir <span class=\"_ _10\"></span>sus <span class=\"_ _0\"></span>actividades relevantes, e<span class=\"_ _1\"></span>star e<span class=\"_ _1\"></span>xpuesto a <span class=\"_ _e\"></span>rendimientos<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>variables como <span class=\"_ _e\"></span>consecuencia de <span class=\"_ _e\"></span>su participaci\u00f3n <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>la participada y tener la capacidad<span class=\"_ _6\"></span> de ejercer dicho p<span class=\"_ _6\"></span>oder para influir en sus<span class=\"_ _6\"></span> propios rendimientos.<span class=\"_ _15\"></span> En la evaluaci\u00f3<span class=\"_ _6\"></span>n de la existencia de control, <span class=\"_ _6\"></span>se han cons<span class=\"_ _6\"></span>iderado los siguientes fact<span class=\"_ _6\"></span>ores: <span class=\"_ _6\"></span> Mayor\u00eda accion<span class=\"_ _6\"></span>arial, q<span class=\"_ _6\"></span>ue otorga, <span class=\"_ _6\"></span>con car\u00e1<span class=\"_ _6\"></span>cter general, may<span class=\"_ _6\"></span>or\u00eda en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>decisiones su<span class=\"_ _6\"></span>stantivas d<span class=\"_ _6\"></span>el Consejo d<span class=\"_ _6\"></span>e Administraci\u00f3n  y<span class=\"_ _6\"></span>  la  Junta  General  de  Accionista<span class=\"_ _6\"></span>s,  entre  ellas, <span class=\"_ _18\"> </span>el  nombramiento  de  la  mayor\u00eda <span class=\"_ _18\"> </span>de  los miembros del Cons<span class=\"_ _6\"></span>ejo de Administraci\u00f3n.<span class=\"_ _33\"> </span>Se ha suscrito un <span class=\"_ _1\"></span>pacto de accionistas entre <span class=\"_ _1\"></span>ENCE y el <span class=\"_ _1\"></span>minoritario que tiene por objeto <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>torgar a este <span class=\"_ _1\"></span>\u00faltimo una s<span class=\"_ _6\"></span>erie de d<span class=\"_ _6\"></span>erechos <span class=\"_ _6\"></span>protectiv<span class=\"_ _6\"></span>os, m\u00ednimos<span class=\"_ _6\"></span> y <span class=\"_ _6\"></span>habituales<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>este tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>transacciones,<span class=\"_ _6\"></span> dir<span class=\"_ _6\"></span>igidos <span class=\"_ _6\"></span>a proteger<span class=\"_ _6\"></span> su <span class=\"_ _11\"></span>participaci\u00f3n <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>49% <span class=\"_ _11\"> </span>(el <span class=\"_ _11\"> </span>minoritar<span class=\"_ _6\"></span>io <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>mantien<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>derechos <span class=\"_ _11\"></span>sustantivos). <span class=\"_ _11\"> </span>En <span class=\"_ _11\"> </span>este <span class=\"_ _0\"></span>sentido<span class=\"_ _6\"></span>, <span class=\"_ _11\"></span>1) <span class=\"_ _11\"> </span>Plan <span class=\"_ _11\"> </span>de negocio  y <span class=\"_ _12\"> </span>pres<span class=\"_ _6\"></span>upuesto  anual:  e<span class=\"_ _1\"></span>l  minoritario  ha <span class=\"_ _12\"> </span>acept<span class=\"_ _6\"></span>ado  el <span class=\"_ _12\"> </span>plan<span class=\"_ _6\"></span>  de <span class=\"_ _12\"> </span>negocio  de  ENCE  que  contempla presupuestos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>anu<span class=\"_ _6\"></span>ales <span class=\"_ _10\"></span>hasta <span class=\"_ _10\"></span>2080, <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>tendr\u00e1 <span class=\"_ _10\"></span>derecho <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>veto <span class=\"_ _10\"></span>si <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>plantean <span class=\"_ _10\"></span>modificaciones <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>pr<span class=\"_ _10\"></span>esupuesto anual en al menos un 15% <span class=\"_ _e\"></span>en los elementos considerados<span class=\"_ _6\"></span> esenciales del presupuesto, 2)<span class=\"_ _6\"></span> Nombramiento del equipo <span class=\"_ _0\"></span>directivo: <span class=\"_ _0\"></span>ENCE <span class=\"_ _11\"></span>nombra <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>primer <span class=\"_ _0\"></span>ejecutivo, <span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>minoritario <span class=\"_ _0\"></span>nombra <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>director <span class=\"_ _0\"></span>financiero, <span class=\"_ _0\"></span>cuyas<span class=\"_ _6\"></span> responsabilid<span class=\"_ _6\"></span>ades <span class=\"_ _10\"></span>est\u00e1n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>inculadas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>desar<span class=\"_ _6\"></span>rollo <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Plan<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Negocio <span class=\"_ _0\"></span>indicado <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>ap<span class=\"_ _6\"></span>artado <span class=\"_ _10\"></span>an<span class=\"_ _6\"></span>terior, <span class=\"_ _10\"></span>3) Contratos <span class=\"_ _1\"></span>relevantes <span class=\"_ _e\"></span>(v<span class=\"_ _6\"></span>inculado<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>a la <span class=\"_ _a\"></span>inversi\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>suministro y<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>operaci\u00f3n <span class=\"_ _e\"></span>de las <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>lantas): <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>minorita<span class=\"_ _6\"></span>rio <span class=\"_ _e\"></span>pod<span class=\"_ _6\"></span>r\u00e1 oponerse <span class=\"_ _12\"> </span>s\u00f3lo <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>determinadas <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>dicha <span class=\"_ _12\"> </span>contrataci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>ue<span class=\"_ _6\"></span>da <span class=\"_ _12\"> </span>provocar <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>perju<span class=\"_ _6\"></span>icio<span class=\"_ _33\"> </span>material <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>interes<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>negocio <span class=\"_ _0\"></span>(derecho <span class=\"_ _0\"></span>protectivo), <span class=\"_ _0\"></span>4) <span class=\"_ _10\"></span>Decisiones <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>inversi\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>no contempladas <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>Plan <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>negocio <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>ENCE <span class=\"_ _11\"></span>aceptado <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>minoritario: <span class=\"_ _0\"></span>requ<span class=\"_ _6\"></span>ieren <span class=\"_ _11\"></span>mayor\u00eda <span class=\"_ _11\"></span>reforzada decisiones por encima de <span class=\"_ _6\"></span>20 millones \u20ac,<span class=\"_ _6\"></span> 5) En tod<span class=\"_ _6\"></span><span class=\"ff4\">o a<span class=\"_ _6\"></span>quello n<span class=\"_ _6\"></span>o recogido en el pacto, s<span class=\"_ _6\"></span>e seguir\u00e1n<span class=\"_ _6\"></span> las pol\u00edticas </span>de ENCE, y 6) <span class=\"_ _1\"></span>la gesti\u00f3n del <span class=\"_ _1\"></span>Negocio Energ\u00eda es dependiente de <span class=\"_ _1\"></span>ENCE por su e<span class=\"_ _1\"></span>xperiencia t\u00e9cnica y de gesti\u00f3n del negocio (ya que el m<span class=\"_ _6\"></span>inoritario no tiene d<span class=\"_ _6\"></span>icha experiencia).<span class=\"_ _6\"></span> Contrapre<span class=\"_ _6\"></span>staciones contingentes<span class=\"_ _6\"></span> Las  contraprestacion<span class=\"_ _6\"></span>es  contingentes  consideradas<span class=\"_ _6\"></span>  entre  las  partes  derivadas<span class=\"_ _6\"></span>  de <span class=\"_ _18\"> </span>compras  y  ventas<span class=\"_ _6\"></span>  de<span class=\"_ _1\"></span> participaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>so<span class=\"_ _6\"></span>ciedades <span class=\"_ _6\"></span>dependientes <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>p\u00e9rdida <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>contro<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>valoran <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>tod<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>valor razonable.  El <span class=\"_ _15\"></span>Grupo <span class=\"_ _10\"></span>mantiene <span class=\"_ _15\"></span>sald<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>cobrar <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>concepto <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>ociados <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>venta <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2020 <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>49% <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>capita<span class=\"_ _6\"></span>l <span class=\"_ _15\"></span>de Magnon <span class=\"_ _0\"></span>Green <span class=\"_ _0\"></span>Energy, <span class=\"_ _0\"></span>S.L. <span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Ence <span class=\"_ _0\"></span>En<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _0\"></span>Solar, <span class=\"_ _0\"></span>S.L. <span class=\"_ _0\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>18.595 <span class=\"_ _11\"></span><span class=\"ff6\">miles <span class=\"_ _10\"></span>\u20ac<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span></span>1.341 <span class=\"_ _0\"></span><span class=\"ff6\">miles<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>\u20ac, </span>respectivamente, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>saldos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>pagar <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>importe <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>3.642 <span class=\"_ _15\"></span><span class=\"ff6\">miles <span class=\"_ _15\"></span>\u20ac <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>ociados <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>compra <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>98% <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>capital  </span>Biometag\u00e1s la Galera, S.L. (v<span class=\"_ _6\"></span>\u00e9a<span class=\"_ _6\"></span>nse Notas<span class=\"_ _6\"></span> 6, 27 y 29<span class=\"ls19\">).</span> El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>estimado <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>contraprestaci\u00f3n <span class=\"_ _15\"></span>contin<span class=\"_ _6\"></span>gente, <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>flujos <span class=\"_ _15\"></span>de caja previs<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>en los <span class=\"_ _6\"></span>distintos<span class=\"_ _6\"></span> escenarios, <span class=\"_ _6\"></span>que h<span class=\"_ _6\"></span>a pon<span class=\"_ _6\"></span>derado por <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>probabilidad<span class=\"_ _6\"></span>es de ocu<span class=\"_ _6\"></span>rrencia estimada<span class=\"_ _6\"></span> de cada uno. Dichos flujos de <span class=\"_ _1\"></span>caja se estiman considerando como principales asunciones; la probabilidad de lograr cada objetivo de la contraprestaci\u00f3n contingente, <span class=\"ls1c\">y </span>los plazos de consecuci\u00f3n estimados<span class=\"lsf\">. </span>Cambios en las asun<span class=\"_ _6\"></span>ciones podr\u00e1n<span class=\"_ _6\"></span> tener un impacto en<span class=\"_ _6\"></span> las con<span class=\"_ _6\"></span>traprestaciones co<span class=\"_ _6\"></span>ntingentes r<span class=\"_ _6\"></span>econoci<span class=\"_ _15\"></span>das en lo<span class=\"_ _6\"></span>s estados financieros. <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>este <span class=\"_ _1\"></span>sentido, <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>recuperabilidad de <span class=\"_ _a\"></span>la <span class=\"_ _1\"></span>contraprestaci\u00f3n <span class=\"_ _e\"></span>vin<span class=\"_ _6\"></span>culada <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>venta <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>49% <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>capita<span class=\"_ _6\"></span>l de <span class=\"_ _6\"></span>Ma<span class=\"_ _6\"></span>gnon <span class=\"_ _15\"></span>Green <span class=\"_ _15\"></span>Energy, <span class=\"_ _15\"></span>S.L. <span class=\"_ _15\"></span>est\u00e1<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>upeditada <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>hay<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ubastas <span class=\"_ _15\"></span>regulatorias<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>medio <span class=\"_ _15\"></span>plazo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>el Grupo sea adjudicatario en dos proyectos y que como <span class=\"_ _1\"></span>resultado de la subasta ambos proyectos alcancen un determinado nivel de rentab<span class=\"_ _6\"></span>ilidad<span class=\"_ _6\"></span><span class=\"lsf\">. </span> Los <span class=\"_ _0\"></span>cambio<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>asu<span class=\"_ _6\"></span>nciones <span class=\"_ _0\"></span>cons<span class=\"_ _6\"></span>ideradas <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>determinaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>traprestac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>reconocer\u00e1n<span class=\"_ _6\"></span> como <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>ingreso <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>gasto <span class=\"_ _15\"></span>financiero, <span class=\"_ _15\"></span>seg\u00fan <span class=\"_ _15\"></span>correspon<span class=\"_ _6\"></span>da, <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Estad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Resultado <span class=\"_ _15\"></span>consolidado <span class=\"_ _15\"></span>(v\u00e9ase <span class=\"_ _15\"></span>No<span class=\"_ _6\"></span>ta 13).<span class=\"ls0_1\"> </span>Vidas \u00fatiles de activos m<span class=\"_ _6\"></span>ateriales e intangibles y co<span class=\"_ _6\"></span>stes de desman<span class=\"_ _6\"></span>telamiento<span class=\"_ _6\"></span> Los  activos  tangibles  e  intangibles  propiedad  de  ENCE,  por  lo  general,  operan  durante  periodos  muy prolongados<span class=\"_ _6\"></span> de tiempo. El Grupo estima, a trav<span class=\"_ _6\"></span>\u00e9s de profesionales internos, <span class=\"_ _6\"></span>su vida \u00fatil teniendo en cuenta las <span class=\"_ _e\"></span>caracter\u00eds<span class=\"_ _6\"></span>ticas <span class=\"_ _e\"></span>t\u00e9cnicas<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>cada <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivo <span class=\"_ _e\"></span>y e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>periodo<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>espera <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>genere <span class=\"_ _1\"></span>beneficios, y <span class=\"_ _a\"></span>la le<span class=\"_ _1\"></span>gislaci\u00f3n aplicable (v\u00e9anse No<span class=\"_ _6\"></span>tas 3.2 y 3.3).<span class=\"_ _6\"></span> Adicionalmente <span class=\"_ _19\"> </span>ENCE <span class=\"_ _19\"> </span>revisa <span class=\"_ _19\"> </span>peri\u00f3dicamente <span class=\"_ _19\"> </span>si <span class=\"_ _1b\"> </span>tend<span class=\"_ _6\"></span>r\u00e1 <span class=\"_ _19\"> </span>que <span class=\"_ _1b\"> </span>llevar<span class=\"_ _6\"></span> <span class=\"_ _19\"> </span>a <span class=\"_ _1b\"> </span>cab<span class=\"_ _6\"></span>o <span class=\"_ _19\"> </span>el <span class=\"_ _1b\"> </span>desmantelami<span class=\"_ _6\"></span>ento <span class=\"_ _19\"> </span>y rehabilitaci\u00f3n de <span class=\"_ _e\"></span>las instalaciones <span class=\"_ _e\"></span>en las <span class=\"_ _e\"></span>que desarrolla <span class=\"_ _e\"></span>su actividad <span class=\"_ _e\"></span>as\u00ed como, <span class=\"_ _e\"></span>en su <span class=\"_ _e\"></span>caso, los <span class=\"_ _e\"></span>costes previstos en los que s<span class=\"_ _6\"></span>e tendr\u00e1 que incurrir. <span class=\"_ _6\"></span> Derechos de u<span class=\"_ _6\"></span>so sobre activos  En <span class=\"_ _1e\"> </span>la <span class=\"_ _18\"> </span>determinaci\u00f3n <span class=\"_ _1e\"> </span>del <span class=\"_ _1e\"> </span>plazo <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>arrendamiento<span class=\"_ _6\"></span>, <span class=\"_ _18\"> </span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _18\"> </span>cons<span class=\"_ _6\"></span>idera <span class=\"_ _18\"> </span>to<span class=\"_ _6\"></span>dos <span class=\"_ _18\"> </span>los <span class=\"_ _1e\"> </span>hechos <span class=\"_ _1e\"> </span>y <span class=\"_ _18\"> </span>circunsta<span class=\"_ _6\"></span>ncias relevantes <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>crean<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>un <span class=\"_ _18\"> </span>in<span class=\"_ _6\"></span>centivo <span class=\"_ _18\"> </span>econ\u00f3mico <span class=\"_ _18\"> </span>s<span class=\"_ _6\"></span>ignificativ<span class=\"_ _6\"></span>o <span class=\"_ _18\"> </span>al <span class=\"_ _18\"> </span>arrend<span class=\"_ _6\"></span>atario <span class=\"_ _18\"> </span>para <span class=\"_ _1e\"> </span>ejercer <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>opci\u00f3n <span class=\"_ _1e\"> </span>de renovaci\u00f3n o <span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>jercer la <span class=\"_ _e\"></span>opci\u00f3n de cancelaci\u00f3n. <span class=\"_ _1\"></span>Las opciones de <span class=\"_ _e\"></span>reno<span class=\"_ _6\"></span>vaci\u00f3n o <span class=\"_ _e\"></span>terminaci\u00f3<span class=\"_ _6\"></span>n solo <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e incluye<span class=\"_ _1\"></span>n en <span class=\"_ _e\"></span>la determinaci\u00f3n del <span class=\"_ _e\"></span>plazo de <span class=\"_ _e\"></span>arrendamiento si <span class=\"_ _e\"></span>es razonablemente <span class=\"_ _1\"></span>cierto <span class=\"_ _1\"></span>que el <span class=\"_ _e\"></span>contrato<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>va <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>extenderse o <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>va <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cancelarse. <span class=\"_ _6\"></span>Asimismo<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>estima <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>tasa <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>cremental <span class=\"_ _6\"></span>utilizada <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cont<span class=\"_ _6\"></span>ratos <span class=\"_ _6\"></span>de arrendamiento (v\u00e9ase N<span class=\"_ _6\"></span>ota 3.6)<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Valor recuper<span class=\"_ _6\"></span>able de activos no financiero<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span> ENCE <span class=\"_ _18\"> </span>realiza  anualmente <span class=\"_ _18\"> </span>tes<span class=\"_ _6\"></span>t  d<span class=\"_ _6\"></span>e  deterioro <span class=\"_ _18\"> </span>de  aqu<span class=\"_ _6\"></span>ellas <span class=\"_ _18\"> </span>unidades <span class=\"_ _18\"> </span>generadoras <span class=\"_ _18\"> </span>de  efectivo <span class=\"_ _18\"> </span>que  as<span class=\"_ _6\"></span>\u00ed  lo requieren, <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>lo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>escrito <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Nota <span class=\"_ _15\"></span>3.5. <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>idera <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>sus <span class=\"_ _15\"></span>estimacion<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>son <span class=\"_ _15\"></span>adecuad<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>y coherentes <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>actual <span class=\"_ _6\"></span>coyuntura <span class=\"_ _6\"></span>econ<span class=\"_ _6\"></span>\u00f3mica <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>que ref<span class=\"_ _6\"></span>leja<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>sus p<span class=\"_ _6\"></span>lanes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>inversi\u00f3n <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>la mejor <span class=\"_ _6\"></span>estimaci\u00f3n<span class=\"_ _6\"></span> disponible de s<span class=\"_ _6\"></span>us gastos e in<span class=\"_ _6\"></span>gresos futuros<span class=\"_ _6\"></span>, y que las tas<span class=\"_ _6\"></span>as de descuento a<span class=\"_ _6\"></span>plicadas reflejan<span class=\"_ _6\"></span> adecuadamente los riesgos corres<span class=\"_ _6\"></span>pondientes a cada u<span class=\"_ _6\"></span>nidad generadora<span class=\"_ _6\"></span> de efectivo (v\u00e9ase Nota 19).<span class=\"_ _15\"></span> Ingresos energ\u00eda. Liquidaci\u00f3n<span class=\"_ _6\"></span> de actividades r<span class=\"_ _6\"></span>eguladas<span class=\"_ _6\"></span> Al <span class=\"_ _18\"> </span>cierre <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>cad<span class=\"_ _6\"></span>a <span class=\"_ _18\"> </span>ej<span class=\"_ _6\"></span>ercicio, <span class=\"_ _1e\"> </span>ENCE <span class=\"_ _1e\"> </span>realiza <span class=\"_ _1e\"> </span>una <span class=\"_ _1e\"> </span>estimaci\u00f3n <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>la <span class=\"_ _1e\"> </span>liquid<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _1e\"> </span>definitiva <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>los <span class=\"_ _1e\"> </span>ingresos devengados corres<span class=\"_ _6\"></span>pondientes a la<span class=\"_ _6\"></span> actividad d<span class=\"_ _6\"></span>e generaci\u00f3n de energ\u00eda, d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>acuerd<span class=\"_ _6\"></span>o con el marco regulat<span class=\"_ _6\"></span>orio vigente. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>estima <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>Valor <span class=\"_ _15\"></span>Neto <span class=\"_ _15\"></span>Actualizado <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>retribuci\u00f3n <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>inversi\u00f3n a <span class=\"_ _15\"></span>obtener <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>cada una <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>las <span class=\"_ _11\"></span>instalaciones <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>(IT) <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>opera <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>rec\u00e1lculo <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>par\u00e1metro<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>siguiente semiperiodo <span class=\"_ _10\"></span>regulat<span class=\"_ _6\"></span>orio. <span class=\"_ _10\"></span>En <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>estimaciones <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>consid<span class=\"_ _6\"></span>eran <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>liqu<span class=\"_ _6\"></span>idacion<span class=\"_ _15\"></span>es <span class=\"_ _10\"></span>prov<span class=\"_ _6\"></span>isionales <span class=\"_ _10\"></span>publicadas<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>as\u00ed como toda la informaci\u00f3n s<span class=\"_ _6\"></span>ectorial d<span class=\"_ _6\"></span>isponible (v\u00e9ans<span class=\"_ _6\"></span>e Nota 9 y Anexo III).<span class=\"_ _6\"></span> Provisiones para riesgos <span class=\"_ _6\"></span>y gastos <span class=\"_ _6\"></span> ENCE <span class=\"_ _11\"> </span>registra <span class=\"_ _11\"></span>provisiones <span class=\"_ _11\"></span>para <span class=\"_ _0\"></span>hacer <span class=\"_ _11\"></span>frente <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>las <span class=\"_ _11\"></span>obligaciones <span class=\"_ _11\"></span>presentes <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>urgen <span class=\"_ _0\"></span>como <span class=\"_ _11\"> </span>resultado <span class=\"_ _11\"> </span>de sucesos <span class=\"_ _12\"> </span>pasados, <span class=\"_ _12\"> </span>principalmente, <span class=\"_ _11\"> </span>litigios<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>reclamaciones<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _11\"> </span>como <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>compro<span class=\"_ _6\"></span>miso<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>asu<span class=\"_ _6\"></span>midos <span class=\"_ _11\"> </span>que cumplen <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>efinici\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>pas<span class=\"_ _6\"></span>ivo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>e <span class=\"_ _10\"></span>incluye <span class=\"_ _10\"></span>desgloses <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>ociados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>eterminados <span class=\"_ _10\"></span>compromiso<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>sus caracter\u00edsticas no cu<span class=\"_ _6\"></span>mplen los requisito<span class=\"_ _6\"></span>s para ser prov<span class=\"_ _6\"></span>isionados<span class=\"_ _6\"></span><span class=\"lsf\">. </span> Para <span class=\"_ _10\"></span>ello, <span class=\"_ _15\"></span>tiene <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>evaluar <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>resultado<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ciertos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>rocedimientos <span class=\"_ _10\"></span>legales,<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>fiscales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>otro <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>no est\u00e1n <span class=\"_ _10\"></span>cerrados <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>formulaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>cuentas <span class=\"_ _10\"></span>anuales <span class=\"_ _10\"></span>consolidadas, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>probabilidad <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>atender determinados <span class=\"_ _11\"> </span>compromisos <span class=\"_ _11\"></span>contractuales <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>su <span class=\"_ _11\"> </span>impacto, <span class=\"_ _0\"></span>y <span class=\"_ _11\"> </span>todo <span class=\"_ _11\"> </span>ello, <span class=\"_ _11\"></span>considerando <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>mejor <span class=\"_ _0\"></span>infor<span class=\"_ _6\"></span>maci\u00f3n disponible al cierre de cada ejercicio. Para llevar a cabo dicha evaluaci\u00f3n, ENCE se basa en el asesoramiento legal interno y de expertos<span class=\"_ _6\"></span> independientes<span class=\"_ _6\"></span> (v\u00e9ans<span class=\"_ _6\"></span>e Notas 3.13 y 31).<span class=\"_ _6\"></span> Determinaci\u00f3n de<span class=\"_ _6\"></span>l valor razonable<span class=\"_ _6\"></span> El <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>instrumentos <span class=\"_ _6\"></span>financieros <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e se <span class=\"_ _6\"></span>comercializan <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>mercados <span class=\"_ _6\"></span>activos<span class=\"_ _6\"></span> se <span class=\"_ _6\"></span>basa <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los precios de mercado a la f<span class=\"_ _6\"></span>echa del Balance. <span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>valor ra<span class=\"_ _1\"></span>zonable de <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>instrumentos financieros <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>cotizan <span class=\"_ _e\"></span>en un <span class=\"_ _e\"></span>mercado activo se <span class=\"_ _a\"></span>determina usando t\u00e9cnicas  de <span class=\"_ _11\"> </span>v<span class=\"_ _6\"></span>aloraci\u00f3n.  ENCE  utiliza <span class=\"_ _12\"> </span>un<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>ariedad  de <span class=\"_ _12\"> </span>m\u00e9todos<span class=\"_ _6\"></span> <span class=\"_ _1a\"> </span>y <span class=\"_ _12\"> </span>realiza  hip\u00f3tesis  que <span class=\"_ _12\"> </span>se  basan <span class=\"_ _12\"> </span>en  las condiciones <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>mercado <span class=\"_ _15\"></span>existentes<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>cada <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>fechas <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>Balance <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>situ<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _6\"></span>consolida<span class=\"_ _6\"></span>do<span class=\"_ _15\"></span> <span class=\"_ _6\"></span>(v\u00e9ase Nota 3.8). A efectos de <span class=\"_ _1\"></span>informaci\u00f3n a revelar, se <span class=\"_ _1\"></span>asume que el <span class=\"_ _1\"></span>importe e<span class=\"_ _1\"></span>n libros de los<span class=\"_ _1\"></span> acreedores comerciales y de <span class=\"_ _1\"></span>las cuentas <span class=\"_ _6\"></span>a cob<span class=\"_ _6\"></span>rar menos <span class=\"_ _6\"></span>la correcci\u00f3n valo<span class=\"_ _6\"></span>rativa <span class=\"_ _6\"></span>por deterioro <span class=\"_ _6\"></span>por p<span class=\"_ _6\"></span>\u00e9rdida esperada d<span class=\"_ _6\"></span>e valor d<span class=\"_ _6\"></span>e las mismas se <span class=\"_ _15\"></span>aproximan <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _15\"></span>razonable. <span class=\"_ _15\"></span>Asimismo, <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>resto<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pasivos <span class=\"_ _15\"></span>financieros <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>efectos de <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>presentaci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>informaci\u00f3n <span class=\"_ _11\"> </span>finan<span class=\"_ _6\"></span>ciera <span class=\"_ _11\"></span>se <span class=\"_ _11\"></span>estima <span class=\"_ _11\"></span>descontando <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>flujos <span class=\"_ _11\"> </span>contractuales <span class=\"_ _11\"> </span>futu<span class=\"_ _6\"></span>ros <span class=\"_ _11\"> </span>de efectivo al tipo d<span class=\"_ _6\"></span>e inter\u00e9s libre de riesgo<span class=\"_ _6\"></span>. C\u00e1lculo del impuesto so<span class=\"_ _6\"></span>bre beneficios y recon<span class=\"_ _6\"></span>ocimiento de activos por<span class=\"_ _6\"></span> impuesto d<span class=\"_ _6\"></span>iferido<span class=\"_ _15\"></span> La <span class=\"_ _0\"></span>correcta <span class=\"_ _11\"></span>valoraci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>ga<span class=\"_ _6\"></span>sto <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>concepto <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>impu<span class=\"_ _6\"></span>esto <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>obre <span class=\"_ _0\"></span>beneficios<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>depende <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>varios<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>factores, incluyendo  estimaciones  sobre <span class=\"_ _12\"> </span>el  ritmo <span class=\"_ _1a\"> </span>y  la<span class=\"_ _1\"></span>  realizaci\u00f3n <span class=\"_ _12\"> </span>de  los  cr\u00e9ditos <span class=\"_ _12\"> </span>fiscales  y <span class=\"_ _12\"> </span>resto  de  activos <span class=\"_ _12\"> </span>por impuestos <span class=\"_ _15\"></span>diferidos, <span class=\"_ _6\"></span>ta<span class=\"_ _6\"></span>sa <span class=\"_ _6\"></span>impositiva <span class=\"_ _15\"></span>futura, <span class=\"_ _15\"></span>etc. <span class=\"_ _15\"></span>Lo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>cob<span class=\"_ _6\"></span>ros <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>pagos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>pueden <span class=\"_ _15\"></span>diferir <span class=\"_ _6\"></span>mater<span class=\"_ _6\"></span>ialmente <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>estas<span class=\"_ _33\"> </span>estimaciones <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>r<span class=\"_ _6\"></span>esultado <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>ca<span class=\"_ _6\"></span>mbios <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>evo<span class=\"_ _6\"></span>luci\u00f3n <span class=\"_ _15\"></span>previs<span class=\"_ _6\"></span>ta <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>negocios, <span class=\"_ _15\"></span>ca<span class=\"_ _6\"></span>mbios<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>normas impositivas o<span class=\"_ _6\"></span> en su interpretaci\u00f3n, a<span class=\"_ _6\"></span>s\u00ed como consecuencia d<span class=\"_ _6\"></span>e transacciones futu<span class=\"_ _6\"></span>ras imprevistas<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> ENCE <span class=\"_ _1b\"> </span>s<span class=\"_ _6\"></span>\u00f3lo <span class=\"_ _1b\"> </span>reconoce <span class=\"_ _1b\"> </span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _1b\"> </span>por <span class=\"_ _19\"> </span>im<span class=\"_ _1\"></span>puesto <span class=\"_ _1b\"> </span>diferido <span class=\"_ _1b\"> </span>cu<span class=\"_ _6\"></span>ando <span class=\"_ _1b\"> </span>con<span class=\"_ _6\"></span>sidera <span class=\"_ _1b\"> </span>probab<span class=\"_ _6\"></span>le <span class=\"_ _1b\"> </span>que <span class=\"_ _1b\"> </span>las <span class=\"_ _19\"> </span>e<span class=\"_ _1\"></span>ntidades (individualmente  o  de  forma  consolidada)  que  los  han <span class=\"_ _12\"> </span>generado  van<span class=\"_ _6\"></span>  a  tener <span class=\"_ _12\"> </span>en  el  futuro  suficientes ganancias fiscales<span class=\"_ _6\"></span> con las q<span class=\"_ _6\"></span>ue hacerlos efectivos (v\u00e9ans<span class=\"_ _6\"></span>e Notas <span class=\"_ _6\"></span>3.16 y 32). Cambio clim\u00e1tico<span class=\"_ _6\"></span> La estrategia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ENCE <span class=\"_ _6\"></span>tiene en cons<span class=\"_ _6\"></span>ideraci\u00f3n los <span class=\"_ _6\"></span>objetivos del <span class=\"_ _6\"></span>Acuerdo d<span class=\"_ _6\"></span>e Par\u00eds <span class=\"_ _6\"></span>de limitar <span class=\"_ _6\"></span>el incremento <span class=\"_ _6\"></span>de la temperatura global por debajo de los 1,5\u00baC y la neutralidad clim\u00e1tica en 2050 por lo que han sido tenidos en cuenta en la elabora<span class=\"_ _6\"></span>ci\u00f3n de estas cu<span class=\"_ _6\"></span>entas<span class=\"_ _6\"></span> anuales<span class=\"_ _6\"></span> consolidadas. En este <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>entido, las estimaciones <span class=\"_ _1\"></span>de la <span class=\"_ _e\"></span>vida \u00fatil de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> activos, <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>tes de <span class=\"_ _1\"></span>cierre <span class=\"_ _1\"></span>y desmantelamiento de instalaciones  y <span class=\"_ _12\"> </span>de  los <span class=\"_ _12\"> </span>test  d<span class=\"_ _1\"></span>el <span class=\"_ _12\"> </span>deterioro  de <span class=\"_ _12\"> </span>los  activos  no <span class=\"_ _12\"> </span>financieros  incorporan  los <span class=\"_ _11\"> </span>efectos  de <span class=\"_ _12\"> </span>dicha<span class=\"_ _6\"></span> estrategia (v\u00e9anse N<span class=\"_ _6\"></span>otas 7, 16,<span class=\"_ _6\"></span> 19 y 31).  Las <span class=\"_ _6\"></span>asunciones <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>estimacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>se han<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>adoptado <span class=\"_ _6\"></span>considerando <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>experiencia <span class=\"_ _6\"></span>his<span class=\"_ _6\"></span>t\u00f3rica, <span class=\"_ _6\"></span>el as<span class=\"_ _6\"></span>esoramiento <span class=\"_ _6\"></span>de expertos <span class=\"_ _6\"></span>independientes, <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>revision<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>otras <span class=\"_ _6\"></span>circunstan<span class=\"_ _6\"></span>cias y <span class=\"_ _6\"></span>expectativas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>y 2023 sobre los hechos analizados. No obstante, es posible q<span class=\"_ _1\"></span>ue acontecimientos que puedan tener lugar con posterioridad <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>formulaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>infor<span class=\"_ _6\"></span>maci\u00f3n <span class=\"_ _6\"></span>financi<span class=\"_ _6\"></span>era <span class=\"_ _6\"></span>obliguen <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>mod<span class=\"_ _6\"></span>ificarla <span class=\"_ _6\"></span>(al <span class=\"_ _15\"></span>alza <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>aja), <span class=\"_ _6\"></span>lo que se har\u00eda, en s<span class=\"_ _6\"></span>u caso, de forma prosp<span class=\"_ _6\"></span>ectiva.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "5.<span class=\"ff5 ls0_1\"> <span class=\"_ _f\"> </span><span class=\"ff3\">Pol\u00edtica de gesti\u00f3n de riesgos financieros </span></span>Las <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>istintas actividades <span class=\"_ _a\"></span>d<span class=\"_ _6\"></span>esarrolladas <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _e\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _e\"></span>conllevan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>su <span class=\"_ _1\"></span>exposici\u00f3n <span class=\"_ _e\"></span>a determinados <span class=\"_ _e\"></span>riesgos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>financieros<span class=\"_ _6\"></span>; (i) <span class=\"_ _10\"></span>riesgos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mercado, <span class=\"_ _10\"></span>(ii) <span class=\"_ _0\"></span>riesgos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>cr\u00e9dito <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>(iii) <span class=\"_ _10\"></span>riesgos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>liquidez. <span class=\"_ _0\"></span>En <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>apartado <span class=\"_ _10\"></span>3\u00ba <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>forme <span class=\"_ _10\"></span>de gesti\u00f3n consolida<span class=\"_ _6\"></span>do se detalla inform<span class=\"_ _6\"></span>aci\u00f3n adicional <span class=\"_ _6\"></span>sobre los riesgos<span class=\"_ _6\"></span> del Grupo.<span class=\"_ _6\"></span> ENCE <span class=\"_ _11\"> </span>dis<span class=\"_ _6\"></span>pone <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>un<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>organizaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>unos <span class=\"_ _11\"> </span>sis<span class=\"_ _6\"></span>temas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>gesti\u00f3n <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>le <span class=\"_ _12\"> </span>permiten <span class=\"_ _11\"> </span>identificar, <span class=\"_ _11\"> </span>medir <span class=\"_ _12\"> </span>y controlar <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>riesgos <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>est\u00e1 <span class=\"_ _15\"></span>expuesto <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Grupo, <span class=\"_ _15\"></span>desarrollados <span class=\"_ _15\"></span>b<span class=\"_ _6\"></span>ajo <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>siguient<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>principios <span class=\"_ _15\"></span>b\u00e1sicos de <span class=\"_ _10\"></span>actu<span class=\"_ _6\"></span>aci\u00f3n; <span class=\"_ _0\"></span>1) <span class=\"_ _10\"></span>Garantizar <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>m\u00e1s<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>relevan<span class=\"_ _6\"></span>tes <span class=\"_ _10\"></span>sean <span class=\"_ _0\"></span>correctamente <span class=\"_ _0\"></span>identificad<span class=\"_ _6\"></span>os, <span class=\"_ _0\"></span>evaluados, gestionados, y supervisados, 2) <span class=\"_ _e\"></span>Segregar a nivel <span class=\"_ _e\"></span>op<span class=\"_ _6\"></span>erativo las funciones de <span class=\"_ _e\"></span>gesti\u00f3n del riesgo <span class=\"ls1c\">y <span class=\"_ _1\"></span><span class=\"ls0_1\">3<span class=\"ls19\">) </span>Establecer </span></span>unos <span class=\"_ _12\"> </span>sistemas<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>tratamiento <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>control <span class=\"_ _12\"> </span>interno  q<span class=\"_ _1\"></span>ue <span class=\"_ _12\"> </span>permitan <span class=\"_ _12\"> </span>man<span class=\"_ _6\"></span>tener <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>prob<span class=\"_ _6\"></span>abilidad  e<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>i<span class=\"_ _15\"></span>mpacto <span class=\"_ _12\"> </span>de ocurrencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dichos <span class=\"_ _6\"></span>eventos <span class=\"_ _6\"></span>dentro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>niv<span class=\"_ _6\"></span>eles de <span class=\"_ _6\"></span>tolerancia <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span>blecidos.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Tod<span class=\"_ _6\"></span>o ello <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>objetiv<span class=\"_ _6\"></span>o de asegurar que <span class=\"_ _1\"></span>el nivel <span class=\"_ _e\"></span>de exposici\u00f3n <span class=\"_ _1\"></span>a riesgo <span class=\"_ _1\"></span>asumido por <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>NCE e<span class=\"_ _1\"></span>s congruente <span class=\"_ _1\"></span>con el <span class=\"_ _e\"></span>perfil de <span class=\"_ _1\"></span>riesgo objetivo y con la cons<span class=\"_ _6\"></span>ecuci\u00f3n de los o<span class=\"_ _6\"></span>bjetivos anuales y estra<span class=\"_ _6\"></span>t\u00e9gicos.<span class=\"_ _6\"></span> 5.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Riesgos de mercad<span class=\"_ _1\"></span>o </span>El <span class=\"_ _10\"></span>riesgo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>mercado <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>p\u00e9rdid<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>potencial <span class=\"_ _0\"></span>ante <span class=\"_ _10\"></span>movimientos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>adverso<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>variables <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>mercado. <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>l Grupo est\u00e1<span class=\"_ _6\"></span> expuesto<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>divers<span class=\"_ _6\"></span>os tip<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>de riesgos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>mercado: <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>recio d<span class=\"_ _6\"></span>e v<span class=\"_ _6\"></span>enta de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>cel<span class=\"_ _6\"></span>ulosa <span class=\"_ _6\"></span>y la <span class=\"_ _6\"></span>energ\u00eda renovable, de <span class=\"_ _1\"></span>tipo de <span class=\"_ _e\"></span>cambio<span class=\"_ _6\"></span>, <span class=\"_ _1\"></span>de tipo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>inter\u00e9s, de <span class=\"_ _1\"></span>regulaci\u00f3n, y <span class=\"_ _e\"></span>de precio de las <span class=\"_ _e\"></span>materias primas utilizadas en los procesos<span class=\"_ _6\"></span> productivos.<span class=\"_ _6\"></span> ENCE <span class=\"_ _0\"></span>realiza <span class=\"_ _10\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>eguimiento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>expo<span class=\"_ _6\"></span>sici\u00f3n <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>ri<span class=\"_ _6\"></span>esgo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mercado <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>t\u00e9r<span class=\"_ _6\"></span>minos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ensibilidad<span class=\"_ _6\"></span>es. <span class=\"_ _11\"> </span>Es<span class=\"_ _6\"></span>tos an\u00e1lisis <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>complementan <span class=\"_ _11\"> </span>con <span class=\"_ _11\"> </span>otra<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>medidas <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>gesti\u00f3n <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>riesgo <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>aq<span class=\"_ _6\"></span>uellas <span class=\"_ _11\"> </span>ocasiones <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>que <span class=\"_ _11\"></span>la naturaleza de las<span class=\"_ _6\"></span> posiciones d<span class=\"_ _6\"></span>e riesgo as\u00ed lo r<span class=\"_ _6\"></span>equiere, entre <span class=\"_ _6\"></span>ellas, el estable<span class=\"_ _6\"></span>cimiento de l\u00edmites m\u00e1x<span class=\"_ _6\"></span>imos d<span class=\"_ _6\"></span>e riesgo, que son<span class=\"_ _6\"></span> definidos por el Comit\u00e9 de Dir<span class=\"_ _6\"></span>ecci\u00f3n.<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gs39\"><div class=\"t_1 m0_1 x71 h48 y1d3 ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Precio de la celulosa <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y12e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>recio <span class=\"_ _12\"> </span>de  la <span class=\"_ _12\"> </span>celulosa  BEKP <span class=\"_ _12\"> </span>se  establece <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>n <span class=\"_ _1a\"> </span>mercado  activo <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>u <span class=\"_ _1a\"> </span>evoluci\u00f3n <span class=\"_ _12\"> </span>determina  de <span class=\"_ _12\"> </span>forma<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y1fa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">significativa <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>volumen <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ingres<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>rentabilidad <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Grup<span class=\"_ _6\"></span>o. <span class=\"_ _10\"></span>Las <span class=\"_ _10\"></span>variaciones <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>pasta <span class=\"_ _10\"></span>de </div><div class=\"t_1 m0_1 x1f h8 y1d6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">celulosa modifican los flujo<span class=\"_ _6\"></span>s de efectivo o<span class=\"_ _6\"></span>btenido<span class=\"_ _6\"></span>s por <span class=\"_ _6\"></span>su venta.  </div><div class=\"t_1 m0_1 x1f h8 y1d7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adicionalmente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>celulos<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>marcado <span class=\"_ _0\"></span>car\u00e1cter <span class=\"_ _0\"></span>c\u00edclico <span class=\"_ _0\"></span>habiendo <span class=\"_ _0\"></span>exp<span class=\"_ _6\"></span>erimentado <span class=\"_ _0\"></span>una </div><div class=\"t_1 m0_1 x1f h8 y138 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">considerable volatilid<span class=\"_ _6\"></span>ad en los \u00faltimos a<span class=\"_ _6\"></span>\u00f1os. Este comportamiento del precio <span class=\"_ _6\"></span>est\u00e1 aso<span class=\"_ _6\"></span>ciado principalmente<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y1fc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a cambios<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>vol\u00famenes o <span class=\"_ _6\"></span>condicion<span class=\"_ _6\"></span>es en <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>que s<span class=\"_ _6\"></span>e establecen <span class=\"_ _6\"></span>la of<span class=\"_ _6\"></span>erta y <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>demanda, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>a la <span class=\"_ _6\"></span>situaci\u00f3<span class=\"_ _6\"></span>n </div><div class=\"t_1 m0_1 x1f h8 y1fd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financiera y la competitivid<span class=\"_ _6\"></span>ad en costes <span class=\"_ _6\"></span>de los d<span class=\"_ _6\"></span>istintos operadores d<span class=\"_ _6\"></span>el mercado.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y1fe ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Para <span class=\"_ _15\"></span>mitigar <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>riesgo <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Gru<span class=\"_ _6\"></span>po <span class=\"_ _15\"></span>ha <span class=\"_ _10\"></span>acometido <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>\u00faltimos <span class=\"_ _15\"></span>a\u00f1os <span class=\"_ _10\"></span>importantes <span class=\"_ _10\"></span>inversiones <span class=\"_ _15\"></span>orienta<span class=\"_ _6\"></span>das <span class=\"_ _15\"></span>a </div><div class=\"t_1 m0_1 x1f h8 y1ff ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reducir <span class=\"_ _15\"></span>sus <span class=\"_ _15\"></span>costes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roducci\u00f3n, <span class=\"_ _15\"></span>incrementar <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>productiv<span class=\"_ _6\"></span>idad <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>calid<span class=\"_ _6\"></span>ad <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>producto <span class=\"_ _15\"></span>comercializado,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed </div><div class=\"t_1 m0_1 x1f h8 y200 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">como <span class=\"_ _6\"></span>diversificar <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>ductos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>caracter\u00edst<span class=\"_ _6\"></span>icas <span class=\"_ _15\"></span>especiales <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>alto <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>a\u00f1adido. <span class=\"_ _6\"></span>As<span class=\"_ _6\"></span>imismo, <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>eval\u00faa <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e </div><div class=\"t_1 m0_1 x1f h8 y201 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">forma continua <span class=\"_ _1\"></span>la posibilidad <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e utilizaci\u00f3n <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e coberturas <span class=\"_ _e\"></span>sobre el <span class=\"_ _1\"></span>precio de <span class=\"_ _e\"></span>la pasta para <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>ventas futuras,<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x1f h8 y3c0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">si bien, la oferta d<span class=\"_ _6\"></span>e estos instrumentos d<span class=\"_ _6\"></span>e cobertura es limit<span class=\"_ _6\"></span>ada. <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y244 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La sensibilidad<span class=\"_ _6\"></span> en el resultado de explotaci\u00f3<span class=\"_ _6\"></span>n y el patrimoni<span class=\"_ _6\"></span>o neto (antes<span class=\"_ _6\"></span> de impuestos) a v<span class=\"_ _6\"></span>ariaciones en el </div><div class=\"t_1 m0_1 x1f h8 y245 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">precio de venta de la celulos<span class=\"_ _6\"></span>a se detalla a <span class=\"_ _6\"></span>continuaci\u00f3n:<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w35 h5f gs3a\"><div class=\"t_1 m0_1 x3d h54 y5e ff7 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></div><div class=\"c_1 w36 h5f gs3b\"><div class=\"t_1 m0_1 x1a h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n  </div><div class=\"t_1 m0_1 x5a h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Precio Celulosa </div></div><div class=\"c_1 w37 h5f gs3c\"><div class=\"t_1 m0_1 x44 h54 y4ef ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado </div><div class=\"t_1 m0_1 x5 h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n  </div><div class=\"t_1 m0_1 x3e h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+ </div></div><div class=\"c_1 w38 h5f gs3d\"><div class=\"t_1 m0_1 x2e h54 y4ef ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en </div><div class=\"t_1 m0_1 x44 h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto </div><div class=\"t_1 m0_1 x21 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+ </div></div><div class=\"c_1 w35 h60 gs3e\"><div class=\"t_1 m0_1 x30 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w36 h60 gs3f\"><div class=\"t_1 m0_1 x11 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></div><div class=\"c_1 w37 h60 gs40\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31.311 </div></div><div class=\"c_1 w38 h60 gs41\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31.311 </div></div><div class=\"c_1 w36 h26 gs42\"><div class=\"t_1 m0_1 x87 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></div><div class=\"c_1 w37 h26 gs43\"><div class=\"t_1 m0_1 x88 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(31.311) </div></div><div class=\"c_1 w38 h26 gs44\"><div class=\"t_1 m0_1 x5 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(31.311) </div></div><div class=\"c_1 w35 h60 gs45\"><div class=\"t_1 m0_1 x30 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w36 h60 gs46\"><div class=\"t_1 m0_1 x11 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></div><div class=\"c_1 w37 h60 gs47\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">28.280 </div></div><div class=\"c_1 w38 h60 gs48\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">28.280 </div></div><div class=\"c_1 w36 h26 gs49\"><div class=\"t_1 m0_1 x87 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></div><div class=\"c_1 w37 h26 gs4a\"><div class=\"t_1 m0_1 x88 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(28.280) </div></div><div class=\"c_1 w38 h26 gs4b\"><div class=\"t_1 m0_1 x5 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(28.280)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w2_1 h3b gs4d\"><div class=\"t_1 m0_1 x89 h8 y478 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h48 y4f2 ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Precio de la energ\u00eda reno<span class=\"_ _6\"></span>vable y regulaci\u00f3n<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y4f3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En lo <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se refiere al <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>renovable v<span class=\"_ _6\"></span>endida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>ENCE <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>mercado el\u00e9ctrico es<span class=\"_ _6\"></span>pa\u00f1ol, <span class=\"_ _6\"></span>el </div><div class=\"t_1 m0_1 x1f h8 y4f4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Real <span class=\"_ _0\"></span>Decr<span class=\"_ _6\"></span>eto <span class=\"_ _11\"></span>413/2014 <span class=\"_ _0\"></span>por <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>que <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>regula <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>actividad <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>producci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _11\"> </span>el\u00e9ctrica <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _11\"> </span>de </div><div class=\"t_1 m0_1 x1f h8 yc2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">fuentes <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>en<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>enovable, <span class=\"_ _11\"> </span>cogeneraci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>resid<span class=\"_ _6\"></span>uos <span class=\"_ _11\"></span>asegura <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>instalaciones <span class=\"_ _11\"></span>acogidas <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>R\u00e9gimen<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y4f5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retributivo Es<span class=\"_ _6\"></span>pecial que tienen retrib<span class=\"_ _6\"></span>uci\u00f3n a la inv<span class=\"_ _6\"></span>ersi\u00f3n, una rentab<span class=\"_ _6\"></span>ilidad m\u00ednima del 7,<span class=\"_ _6\"></span>398% a lo largo de<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y4f6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">su vida regulatoria y<span class=\"_ _6\"></span> hasta 2031, eliminando as\u00ed gran<span class=\"_ _6\"></span> parte de las incertidumbres a<span class=\"_ _6\"></span>sociada<span class=\"_ _6\"></span>s a<span class=\"_ _6\"></span> la revisi\u00f3n del </div><div class=\"t_1 m0_1 x1f h8 y4f7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">resto <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>par\u00e1metros <span class=\"_ _0\"></span>retributivos, <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>garantizar <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>retorno <span class=\"_ _10\"></span>para <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _11\"></span>sujetas <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>dicho <span class=\"_ _0\"></span>r\u00e9gimen<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y4f8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">retributivo (v\u00e9as<span class=\"_ _6\"></span>e Anexo III).  </div><div class=\"t_1 m0_1 x1f h8 y4f9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE h<span class=\"_ _6\"></span>ace un <span class=\"_ _6\"></span>seguimiento <span class=\"_ _6\"></span>pormenorizado <span class=\"_ _6\"></span>de los<span class=\"_ _6\"></span> cambios<span class=\"_ _6\"></span> regulatorios<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>fin de <span class=\"_ _6\"></span>recoger a<span class=\"_ _6\"></span>decuadamente <span class=\"_ _6\"></span>su </div><div class=\"t_1 m0_1 x1f h8 y4fa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">impacto en los estad<span class=\"_ _6\"></span>os financieros, as\u00ed co<span class=\"_ _6\"></span>mo en la ev<span class=\"_ _6\"></span>a<span class=\"ls18\">lu</span>aci\u00f3n<span class=\"_ _6\"></span> de potenciales inv<span class=\"_ _6\"></span>ersiones. </div><div class=\"t_1 m0_1 x1f h8 y4fb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>comercializa <span class=\"_ _6\"></span>toda <span class=\"_ _6\"></span>la energ\u00eda <span class=\"_ _6\"></span>generada <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>destino <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>terceros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a trav<span class=\"_ _6\"></span>\u00e9s del <span class=\"_ _6\"></span>OMEL. <span class=\"_ _6\"></span>Adicionalmente,<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y4fc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">toda <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>capacidad <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>producci\u00f3n <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _a\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>mercado <span class=\"_ _e\"></span>el\u00e9ctrico <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>encuentra<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>sujeta <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>retribuci\u00f3n <span class=\"_ _1\"></span>regulada.  </div><div class=\"t_1 m0_1 x71 h48 y4fd ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Suministro de madera<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y4fe ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La madera <span class=\"_ _6\"></span>de eucalip<span class=\"_ _6\"></span>to es el prin<span class=\"_ _6\"></span>cipal ins<span class=\"_ _6\"></span>umo en la <span class=\"_ _6\"></span>producci\u00f3n d<span class=\"_ _6\"></span>e pasta de <span class=\"_ _6\"></span>celulosa <span class=\"_ _6\"></span>y su precio <span class=\"_ _6\"></span>est\u00e1 s<span class=\"_ _6\"></span>ujeto </div><div class=\"t_1 m0_1 x1f h8 y4ff ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a <span class=\"_ _15\"></span>fluctuaciones<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>derivadas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>cambios <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>equ<span class=\"_ _6\"></span>ilibrio <span class=\"_ _15\"></span>entr<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>oferta <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>emanda <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>zon<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>donde <span class=\"_ _10\"></span>se </div><div class=\"t_1 m0_1 x1f h8 y500 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ubican las b<span class=\"_ _6\"></span>iof\u00e1bricas de p<span class=\"_ _6\"></span>roducci\u00f3n de celulosa.<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w2_1 h3b gs4f\"><div class=\"t_1 m0_1 x1f h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _6\"></span>riesgo <span class=\"_ _6\"></span>derivado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>oferta <span class=\"_ _6\"></span>insuficiente <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>mitigado <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rincipalmente a <span class=\"_ _6\"></span>trav<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la gesti\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>del sto<span class=\"_ _6\"></span>ck, la </div><div class=\"t_1 m0_1 x1f h8 y1d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">diversificaci\u00f3n de fuentes de suministro, incluyend<span class=\"_ _6\"></span>o, en determinadas<span class=\"_ _6\"></span> circunstancias<span class=\"_ _6\"></span>, el acceso a <span class=\"_ _1\"></span>mercados </div><div class=\"t_1 m0_1 x1f h8 y1d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">internacionales alternativos<span class=\"_ _6\"></span>, que incorporan un mayor coste log\u00edstico. Por su parte, en la medida e<span class=\"_ _1\"></span>n que no </div><div class=\"t_1 m0_1 x1f h8 y338 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">hay <span class=\"_ _10\"></span>pr\u00e1ctica <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>suscripci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>contratos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>compra <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>largo <span class=\"_ _10\"></span>plazo, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>riesgo <span class=\"_ _10\"></span>sobre <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>compra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e </div><div class=\"t_1 m0_1 x1f h8 y339 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">gestiona referenci\u00e1ndolo <span class=\"_ _6\"></span>cuando es p<span class=\"_ _6\"></span>osible al precio de la celulosa.<span class=\"_ _15\"></span> </div><div class=\"t_1 m0_1 x1f h8 y2be ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La sensibilidad<span class=\"_ _6\"></span> en el resultado de explotaci\u00f3<span class=\"_ _6\"></span>n y el patrimoni<span class=\"_ _6\"></span>o neto (antes<span class=\"_ _6\"></span> de impuestos) a v<span class=\"_ _6\"></span>ariaciones en el </div><div class=\"t_1 m0_1 x1f h8 y2bf ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">precio de la madera de <span class=\"_ _6\"></span>eucalipto con<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>estino celulosa se detalla <span class=\"_ _6\"></span>a continuaci\u00f3n<span class=\"_ _6\"></span>: </div></div><div class=\"c_1 w39 h5f gs50\"><div class=\"t_1 m0_1 x5b h54 y5e ff7 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></div><div class=\"c_1 w3a h5f gs51\"><div class=\"t_1 m0_1 x41 h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n  </div><div class=\"t_1 m0_1 x4 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Precio Madera </div></div><div class=\"c_1 w3b h5f gs52\"><div class=\"t_1 m0_1 x32 h54 y4ef ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado </div><div class=\"t_1 m0_1 x41 h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n  </div><div class=\"t_1 m0_1 x38 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+ </div></div><div class=\"c_1 w3c h5f gs53\"><div class=\"t_1 m0_1 x5 h54 y4ef ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en </div><div class=\"t_1 m0_1 x11 h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto </div><div class=\"t_1 m0_1 x65 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+ </div></div><div class=\"c_1 w39 h60 gs54\"><div class=\"t_1 m0_1 x30 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3a h60 gs55\"><div class=\"t_1 m0_1 x8c h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></div><div class=\"c_1 w3b h60 gs56\"><div class=\"t_1 m0_1 x65 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(12.729) </div></div><div class=\"c_1 w3c h60 gs57\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(12.729) </div></div><div class=\"c_1 w3a h62 gs58\"><div class=\"t_1 m0_1 x2a h1f y503 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></div><div class=\"c_1 w3b h62 gs59\"><div class=\"t_1 m0_1 x13 h1f y503 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">12.729 </div></div><div class=\"c_1 w3c h62 gs5a\"><div class=\"t_1 m0_1 x7f h1f y503 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">12.729 </div></div><div class=\"c_1 w39 h60 gs5b\"><div class=\"t_1 m0_1 x30 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3a h60 gs5c\"><div class=\"t_1 m0_1 x8c h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 5% </div></div><div class=\"c_1 w3b h60 gs5d\"><div class=\"t_1 m0_1 x65 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(12.280) </div></div><div class=\"c_1 w3c h60 gs5e\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(12.280) </div></div><div class=\"c_1 w3a h60 gs5f\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Reducci\u00f3n 5% </div></div><div class=\"c_1 w3b h60 gs60\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">12.280 </div></div><div class=\"c_1 w3c h60 gs61\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">12.280 </div></div><div class=\"c_1 w2_1 h3b gs4f\"><div class=\"t_1 m0_1 x3f h8 y506 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h48 y507 ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo de cambio </div><div class=\"t_1 m0_1 x1f h8 y508 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las <span class=\"_ _10\"></span>ventas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>celulosa <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Grupo <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>realizan <span class=\"_ _10\"></span>principa<span class=\"_ _6\"></span>lmente <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _0\"></span>mercado <span class=\"_ _10\"></span>europeo, <span class=\"_ _10\"></span>si <span class=\"_ _10\"></span>bien, <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ingresos </div><div class=\"t_1 m0_1 x1f h8 y509 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">provenientes <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>es<span class=\"_ _6\"></span>ta <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ividad <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>en <span class=\"_ _10\"></span>afectados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cambio <span class=\"_ _10\"></span>USD/EUR <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>estar <span class=\"_ _11\"> </span>denominad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>el </div><div class=\"t_1 m0_1 x1f h8 y50a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">precio <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>referencia <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>celulosa <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>mercado <span class=\"_ _10\"></span>intern<span class=\"_ _6\"></span>acional <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>USD. <span class=\"_ _10\"></span>En <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>medida <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>la </div><div class=\"t_1 m0_1 x1f h8 y50b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">moneada  funcional,  la  estructu<span class=\"_ _6\"></span>ra  de  costes,  y  la  estructura  financiera  del  Grupo  est\u00e1n<span class=\"_ _6\"></span>  denominadas </div><div class=\"t_1 m0_1 x1f h8 y50c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">principalmente <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>euros, <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>fluctuacio<span class=\"_ _6\"></span>nes <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>cambio <span class=\"_ _15\"></span>entre <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>d\u00f3lar <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>euro <span class=\"_ _15\"></span>afectan <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>forma </div><div class=\"t_1 m0_1 x1f h8 y50d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">significativa a los<span class=\"_ _6\"></span> resultados del Grupo.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y50e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Para  gestionar  y  minimizar  este  riesgo,  ENCE  realiza  un<span class=\"_ _1\"></span>  seguimiento  permanente  de  su  exposici\u00f3n  a </div><div class=\"t_1 m0_1 x1f h8 y50f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">fluctuaciones <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>tipo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>camb<span class=\"_ _6\"></span>io <span class=\"_ _15\"></span>as\u00ed <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>previs<span class=\"_ _6\"></span>iones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>evolu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>tipo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cambio <span class=\"_ _15\"></span>USD/EUR, <span class=\"_ _15\"></span>y </div><div class=\"t_1 m0_1 x1f h8 y510 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en ocasiones, u<span class=\"_ _6\"></span>tiliza estrategias d<span class=\"_ _6\"></span>e cobertura.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y511 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _11\"> </span>activos <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>grupo <span class=\"_ _11\"></span>expresados <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>moneda <span class=\"_ _11\"> </span>extran<span class=\"_ _6\"></span>jera <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>31 <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>diciembre <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>202<span class=\"_ _15\"></span>4 <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>20<span class=\"_ _6\"></span>23<span class=\"ls10\">, </span></div><div class=\"t_1 m0_1 x1f h8 y47c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">mayoritariamente en USD, s<span class=\"_ _6\"></span>on los<span class=\"_ _6\"></span> siguientes:  </div></div><div class=\"c_1 w3d h63 gs62\"><div class=\"t_1 m0_1 x2d h54 y5e ff7 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></div><div class=\"c_1 w7 h63 gs63\"><div class=\"t_1 m0_1 x41 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">4 </span></div></div><div class=\"c_1 w8 h63 gs64\"><div class=\"t_1 m0_1 x41 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">3 </span></div></div><div class=\"c_1 w3d h23 gs65\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo </div></div><div class=\"c_1 w7 h23 gs66\"><div class=\"t_1 m0_1 xe h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">17.174 </div></div><div class=\"c_1 w8 h23 gs67\"><div class=\"t_1 m0_1 xe h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">14.102 </div></div><div class=\"c_1 w3d h23 gs68\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Cuentas por cobrar </div></div><div class=\"c_1 w7 h23 gs69\"><div class=\"t_1 m0_1 xe h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">20.794 </div></div><div class=\"c_1 w8 h23 gs6a\"><div class=\"t_1 m0_1 xe h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">26.395 </div></div><div class=\"c_1 w3d h63 gs6b\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Cuentas por pagar </div></div><div class=\"c_1 w7 h63 gs6c\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(558) </div></div><div class=\"c_1 w8 h63 gs6d\"><div class=\"t_1 m0_1 xe h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(4.060) </div></div><div class=\"c_1 w7 h63 gs6e\"><div class=\"t_1 m0_1 xe h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">37.410<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8 h63 gs6f\"><div class=\"t_1 m0_1 xe h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">36.437<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs4f\"><div class=\"t_1 m0_1 x89 h8 y295 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y296 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La sensibilidad del resultado de explotaci\u00f3n y del <span class=\"_ _1\"></span>patrimonio neto (antes de impuestos), a las apreciaciones </div><div class=\"t_1 m0_1 x1f h8 y515 ff4 fs4 fc0_1 sc0_1 ls1d ws0_1\">o <span class=\"ls0_1\">depreciaciones del d\u00f3lar fren<span class=\"_ _6\"></span>te al euro se detalla <span class=\"_ _6\"></span>a continuaci\u00f3n<span class=\"_ _6\"></span>:<span class=\"_ _6\"></span> </span></div></div><div class=\"c_1 w39 h64 gs70\"><div class=\"t_1 m0_1 x5b h54 y5e ff7 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></div><div class=\"c_1 w3e h64 gs71\"><div class=\"t_1 m0_1 x15 h54 y517 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n  </div><div class=\"t_1 m0_1 x5a h54 y5e ff7 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo Cambio US$/\u20ac<span class=\"ff3\"> </span></div></div><div class=\"c_1 w37 h64 gs72\"><div class=\"t_1 m0_1 x44 h54 y518 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en resultado </div><div class=\"t_1 m0_1 x5 h54 y517 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n  </div><div class=\"t_1 m0_1 x3e h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+ </div></div><div class=\"c_1 w3f h64 gs73\"><div class=\"t_1 m0_1 x2e h54 y518 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en </div><div class=\"t_1 m0_1 x44 h54 y517 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto </div><div class=\"t_1 m0_1 x88 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+ </div></div><div class=\"c_1 w39 h26 gs74\"><div class=\"t_1 m0_1 x30 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3e h26 gs75\"><div class=\"t_1 m0_1 x8c h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></div><div class=\"c_1 w37 h26 gs76\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">18.494 </div></div><div class=\"c_1 w3f h26 gs77\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">18.494 </div></div><div class=\"c_1 w3e h60 gs78\"><div class=\"t_1 m0_1 x54 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></div><div class=\"c_1 w37 h60 gs79\"><div class=\"t_1 m0_1 x88 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(21.347) </div></div><div class=\"c_1 w3f h60 gs7a\"><div class=\"t_1 m0_1 x5 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(21.347) </div></div><div class=\"c_1 w39 h60 gs7b\"><div class=\"t_1 m0_1 x30 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3e h60 gs7c\"><div class=\"t_1 m0_1 x8c h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></div><div class=\"c_1 w37 h60 gs7d\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">25.610 </div></div><div class=\"c_1 w3f h60 gs7e\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">25.610 </div></div><div class=\"c_1 w3e h26 gs7f\"><div class=\"t_1 m0_1 x54 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></div><div class=\"c_1 w37 h26 gs80\"><div class=\"t_1 m0_1 x88 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(25.415) </div></div><div class=\"c_1 w3f h26 gs81\"><div class=\"t_1 m0_1 x5 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(25.415)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w2_1 h3b gs83\"><div class=\"t_1 m0_1 x71 h48 y1d3 ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo de inter\u00e9s<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y12e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las variaciones <span class=\"_ _e\"></span>en los <span class=\"_ _e\"></span>tipos<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de inter\u00e9s <span class=\"_ _e\"></span>pueden afectar <span class=\"_ _e\"></span>al<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>ingreso o <span class=\"_ _e\"></span>gasto por <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>tereses <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivos y <span class=\"_ _e\"></span>pasiv<span class=\"_ _6\"></span>os<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x71 h8 y1fa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieros referenciados <span class=\"_ _e\"></span>a un <span class=\"_ _1\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inter\u00e9s variable, pudiendo <span class=\"_ _1\"></span>modificar <span class=\"_ _e\"></span>ta<span class=\"_ _6\"></span>mbi\u00e9n el <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _1\"></span>razonable de <span class=\"_ _e\"></span>los </div><div class=\"t_1 m0_1 x71 h8 y1d6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">activos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>asivos <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _10\"></span>contratados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>fijo. <span class=\"_ _10\"></span>Adicionalmente, <span class=\"_ _10\"></span>esta<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>variaciones <span class=\"_ _0\"></span>pueden </div><div class=\"t_1 m0_1 x71 h8 y2bd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">afectar <span class=\"_ _11\"></span>al <span class=\"_ _11\"></span>valor <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>libros <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>pasivos <span class=\"_ _11\"> </span>por <span class=\"_ _11\"></span>variaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>tasas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>descuent<span class=\"_ _15\"></span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>flujos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>caja </div><div class=\"t_1 m0_1 x71 h8 y3a0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">aplicables, a la renta<span class=\"_ _6\"></span>bilidad de las inv<span class=\"_ _6\"></span>ersiones y al coste fut<span class=\"_ _6\"></span>uro de captaci\u00f3n<span class=\"_ _6\"></span> de recursos financieros.<span class=\"_ _10\"></span> </div><div class=\"t_1 m0_1 x71 h8 y51f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El objetiv<span class=\"_ _6\"></span>o de la <span class=\"_ _6\"></span>gesti\u00f3n d<span class=\"_ _6\"></span>e este <span class=\"_ _6\"></span>riesgo es <span class=\"_ _6\"></span>mantener u<span class=\"_ _6\"></span>n equilibrio <span class=\"_ _6\"></span>entre la <span class=\"_ _6\"></span>deuda <span class=\"_ _6\"></span>a tipo de <span class=\"_ _6\"></span>inter\u00e9s <span class=\"_ _6\"></span>variable y </div><div class=\"t_1 m0_1 x71 h8 y520 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">tipo <span class=\"_ _6\"></span>fijo <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ermita <span class=\"_ _6\"></span>manten<span class=\"_ _6\"></span>er <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>costes <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>deuda <span class=\"_ _15\"></span>dentro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>par\u00e1metros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estab<span class=\"_ _6\"></span>lecidos <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ol\u00edtica </div><div class=\"t_1 m0_1 x71 h8 y370 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de gesti\u00f3n de riesgos.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y521 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El  endeudamiento  d<span class=\"_ _6\"></span>e  ENCE  proviene  de  aquellos  ins<span class=\"_ _6\"></span>trumentos  financieros  m\u00e1s<span class=\"_ _6\"></span>  competitivos  en  cada </div><div class=\"t_1 m0_1 x71 h8 y522 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">momento, tanto<span class=\"_ _6\"></span> de mercados d<span class=\"_ _6\"></span>e capitales como <span class=\"_ _6\"></span>ban<span class=\"_ _6\"></span>carios, <span class=\"_ _6\"></span>y de acuerdo a la<span class=\"_ _6\"></span>s condiciones<span class=\"_ _6\"></span> de mercado que </div><div class=\"t_1 m0_1 x71 h8 y523 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sean <span class=\"_ _11\"> </span>\u00f3ptimas <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>cada <span class=\"_ _11\"> </span>un<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>ellos. <span class=\"_ _11\"> </span>As<span class=\"_ _6\"></span>\u00ed <span class=\"_ _11\"></span>mismo, <span class=\"_ _11\"> </span>ENCE <span class=\"_ _11\"> </span>mitiga <span class=\"_ _11\"> </span>este <span class=\"_ _11\"> </span>r<span class=\"_ _6\"></span>iesgo <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>trav\u00e9s <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>la <span class=\"_ _11\"> </span>contrataci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de </div><div class=\"t_1 m0_1 x71 h8 y524 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">derivados d<span class=\"_ _6\"></span>e tipo de inter\u00e9s que intercambian flu<span class=\"_ _6\"></span>jos variab<span class=\"_ _6\"></span>les por fijos.<span class=\"_ _15\"></span> </div><div class=\"t_1 m0_1 x71 h8 y525 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La estructura d<span class=\"_ _6\"></span>e la deuda financiera a 31 de dicie<span class=\"_ _6\"></span>mbre de 202<span class=\"_ _6\"></span>4 y 2023, u<span class=\"_ _6\"></span>na vez cons<span class=\"_ _6\"></span>ideradas las coberturas </div><div class=\"t_1 m0_1 x71 h8 y526 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contratadas<span class=\"_ _6\"></span>, es la siguiente: </div></div><div class=\"c_1 w41 h53 gs84\"><div class=\"t_1 m0_1 x13 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa </div></div><div class=\"c_1 w43 h53 gs85\"><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables </div></div><div class=\"c_1 w40 h63 gs86\"><div class=\"t_1 m0_1 x12 h1f y5e ff6 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff4\"> </span></div></div><div class=\"c_1 w8 h63 gs87\"><div class=\"t_1 m0_1 x1c h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w7 h63 gs88\"><div class=\"t_1 m0_1 x1c h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w44 h63 gs89\"><div class=\"t_1 m0_1 x3d h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w45 h63 gs8a\"><div class=\"t_1 m0_1 x2d h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w40 h23 gs8b\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo inter\u00e9s fijo </div></div><div class=\"c_1 w8 h23 gs8c\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">175.534 </div></div><div class=\"c_1 w7 h23 gs8d\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">234.500 </div></div><div class=\"c_1 w44 h23 gs8e\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">126.286 </div></div><div class=\"c_1 w45 h23 gs8f\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">111.371 </div></div><div class=\"c_1 w40 h23 gs90\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo inter\u00e9s Variable </div></div><div class=\"c_1 w8 h23 gs91\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">176.209 </div></div><div class=\"c_1 w7 h23 gs92\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">179.047 </div></div><div class=\"c_1 w44 h23 gs93\"><div class=\"t_1 m0_1 x3e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">41.266 </div></div><div class=\"c_1 w45 h23 gs94\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">11.612 </div></div><div class=\"c_1 w40 h63 gs95\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Comisiones e intereses </div></div><div class=\"c_1 w8 h63 gs96\"><div class=\"t_1 m0_1 x5b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.533 </div></div><div class=\"c_1 w7 h63 gs97\"><div class=\"t_1 m0_1 x5b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.401 </div></div><div class=\"c_1 w44 h63 gs98\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(5.133) </div></div><div class=\"c_1 w45 h63 gs99\"><div class=\"t_1 m0_1 x17 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(467) </div></div><div class=\"c_1 w40 h63 gs9a\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total deuda financiera bruta (Nota 28) </div></div><div class=\"c_1 w8 h63 gs9b\"><div class=\"t_1 m0_1 x96 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">353.276<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w7 h63 gs9c\"><div class=\"t_1 m0_1 x96 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">414.948<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w44 h63 gs9d\"><div class=\"t_1 m0_1 x19 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">162.419<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w45 h63 gs9e\"><div class=\"t_1 m0_1 x41 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">122.516<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs83\"><div class=\"t_1 m0_1 x97 h8 y52c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h8 y52d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La tasa d<span class=\"_ _6\"></span>e inter\u00e9s variable est\u00e1 sujeta<span class=\"_ _6\"></span> a las oscilaciones d<span class=\"_ _6\"></span>el Euribor.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y52e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La sens<span class=\"_ _6\"></span>ibilidad <span class=\"_ _6\"></span>del resulta<span class=\"_ _6\"></span>do de explot<span class=\"_ _6\"></span>aci\u00f3n y<span class=\"_ _6\"></span> del <span class=\"_ _6\"></span>patrimoni<span class=\"_ _6\"></span>o n<span class=\"_ _6\"></span>eto (antes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>impuestos), <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>variaci\u00f3n <span class=\"_ _6\"></span>en </div><div class=\"t_1 m0_1 x71 h8 y52f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">50 puntos b<span class=\"_ _6\"></span>\u00e1sicos en el tipo de inter\u00e9s<span class=\"_ _6\"></span>, se detalla a <span class=\"_ _6\"></span>continuaci\u00f3n<span class=\"_ _6\"></span>: </div></div><div class=\"c_1 w46 h66 gs9f\"><div class=\"t_1 m0_1 x31 h54 y5e ff7 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></div><div class=\"c_1 w47 h66 gsa0\"><div class=\"t_1 m0_1 x88 h54 y531 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n  </div><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo Inter\u00e9s </div></div><div class=\"c_1 w48 h66 gsa1\"><div class=\"t_1 m0_1 x41 h54 y4ef ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en </div><div class=\"t_1 m0_1 x54 h54 y531 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">resultado antes </div><div class=\"t_1 m0_1 x54 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">impuestos (-)/+ </div></div><div class=\"c_1 w49 h66 gsa2\"><div class=\"t_1 m0_1 x5 h54 y4ef ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en </div><div class=\"t_1 m0_1 x11 h54 y531 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">patrimonio neto </div><div class=\"t_1 m0_1 x19 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+ </div></div><div class=\"c_1 w46 h26 gsa3\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w47 h26 gsa4\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 50 pb </div></div><div class=\"c_1 w48 h26 gsa5\"><div class=\"t_1 m0_1 x88 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.172) </div></div><div class=\"c_1 w49 h26 gsa6\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.537 </div></div><div class=\"c_1 w47 h60 gsa7\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Descenso 50 pb </div></div><div class=\"c_1 w48 h60 gsa8\"><div class=\"t_1 m0_1 x65 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.172 </div></div><div class=\"c_1 w49 h60 gsa9\"><div class=\"t_1 m0_1 x15 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.958) </div></div><div class=\"c_1 w46 h26 gsaa\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w47 h26 gsab\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Incremento 50 pb </div></div><div class=\"c_1 w48 h26 gsac\"><div class=\"t_1 m0_1 x88 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.318) </div></div><div class=\"c_1 w49 h26 gsad\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">767<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w47 h60 gsae\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Descenso 50 pb </div></div><div class=\"c_1 w48 h60 gsaf\"><div class=\"t_1 m0_1 x65 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.318 </div></div><div class=\"c_1 w49 h60 gsb0\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(793) </div></div><div class=\"c_1 w2_1 h3b gsb2\"><div class=\"t_1 m0_1 x97 h8 y535 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h46 y368 ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">5.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Riesgo de Cr\u00e9d<span class=\"_ _1\"></span>ito </span></div><div class=\"t_1 m0_1 x1f h8 y4e9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _1\"></span>riesgo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>efine como <span class=\"_ _e\"></span>la posibilidad de <span class=\"_ _e\"></span>que un <span class=\"_ _1\"></span>tercero <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>cumpla con <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>obligaciones de <span class=\"_ _e\"></span>pago, </div><div class=\"t_1 m0_1 x1f h8 y4ea ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">originando <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>ello <span class=\"_ _10\"></span>p\u00e9rdidas <span class=\"_ _0\"></span>crediticias. <span class=\"_ _10\"></span>Este <span class=\"_ _10\"></span>riesgo, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>mayor <span class=\"_ _10\"></span>parte, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>eval\u00faa <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>trola <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>de </div><div class=\"t_1 m0_1 x1f h8 y536 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">forma <span class=\"_ _e\"></span>individu<span class=\"_ _6\"></span>alizada <span class=\"_ _e\"></span>para ca<span class=\"_ _1\"></span>da <span class=\"_ _e\"></span>cliente<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>medida <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>este <span class=\"_ _1\"></span>riesgo, <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>inculado <span class=\"_ _e\"></span>principalmente <span class=\"_ _e\"></span>al negocio </div><div class=\"t_1 m0_1 x1f h8 y537 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">celulosa, se concentra<span class=\"_ _6\"></span> en un n\u00famero reducido d<span class=\"_ _6\"></span>e clientes<span class=\"_ _6\"></span>. </div><div class=\"t_1 m0_1 x1f h8 yd7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>eval\u00faa <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>peri\u00f3dica <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>existencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e ev<span class=\"_ _6\"></span>idencias <span class=\"_ _6\"></span>objetivas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>desp<span class=\"_ _6\"></span>u\u00e9s d<span class=\"_ _6\"></span>el </div><div class=\"t_1 m0_1 x1f h8 y4ec ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reconocimiento <span class=\"_ _e\"></span>inicial<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>a<span class=\"_ _6\"></span>ctivo <span class=\"_ _e\"></span>financiero. <span class=\"_ _e\"></span>Entre <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>fact<span class=\"_ _6\"></span>ores <span class=\"_ _e\"></span>considerado<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>dicha <span class=\"_ _e\"></span>evalu<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _e\"></span>destacan; </div><div class=\"t_1 m0_1 x1f h8 y538 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la <span class=\"_ _15\"></span>cuant\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>deuda <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>endiente <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cob<span class=\"_ _6\"></span>ro <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>cli<span class=\"_ _6\"></span>ente, <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>coberturas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>seguro <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cr\u00e9dito <span class=\"_ _15\"></span>dis<span class=\"_ _6\"></span>ponibles, <span class=\"_ _15\"></span>la </div><div class=\"t_1 m0_1 x1f h8 y539 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">antig\u00fcedad <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>deuda, <span class=\"_ _12\"> </span>la  e<span class=\"_ _1\"></span>xistencia <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>situacio<span class=\"_ _6\"></span>nes <span class=\"_ _12\"> </span>concurs<span class=\"_ _6\"></span>ales, <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>conclusion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>an\u00e1lis<span class=\"_ _6\"></span>is <span class=\"_ _12\"> </span>de </div><div class=\"t_1 m0_1 x1f h8 y53a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">solvencia realizados<span class=\"_ _6\"></span> sobre los <span class=\"_ _6\"></span>clientes.<span class=\"_ _33\"> </span> </div></div>Deudores comerciales y <span class=\"_ _6\"></span>otras cuen<span class=\"_ _6\"></span>tas a cobrar<span class=\"_ _6\"></span> Los s<span class=\"_ _6\"></span>aldos comerciales <span class=\"_ _6\"></span>se reflejan<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el Esta<span class=\"_ _6\"></span>do d<span class=\"_ _6\"></span>e Situaci\u00f3n <span class=\"_ _6\"></span>Financiera cons<span class=\"_ _6\"></span>olidado <span class=\"_ _6\"></span>netos de <span class=\"_ _6\"></span>deterioro. <span class=\"_ _6\"></span>Los deterioros <span class=\"_ _10\"></span>acumulados <span class=\"_ _10\"></span>regist<span class=\"_ _6\"></span>rados <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>cienden <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>4.9<span class=\"_ _6\"></span>91 <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _10\"></span>\u20ac <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>4.</span>050 miles <span class=\"_ _11\"> </span>\u20ac, <span class=\"_ _12\"> </span>respectivam<span class=\"_ _6\"></span>ente. <span class=\"_ _12\"> </span>En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>siguiente <span class=\"_ _12\"> </span>cuadro <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>detalla <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>antig\u00fcedad<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>deuda <span class=\"_ _12\"> </span>comercial <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span> deterioros registrados<span class=\"_ _6\"></span> (incluye p\u00e9rdida es<span class=\"_ _6\"></span>perada):<span class=\"_ _6\"></span> 31/12/2024 31/12/2023 Miles \u20ac<span class=\"ff3\"> </span>Saldo a cobrar Deterioro Saldo a cobrar Deterioro No vencido 41.619 - 21.974 - Vencido 0- <span class=\"ls9\">30 </span>d\u00edas 7.983 611<span class=\"ls0_1\"> </span>14.564 - Vencido 30-180 d\u00edas 1.960 53<span class=\"ls0_1\"> </span>325<span class=\"ls0_1\"> </span>121<span class=\"ls0_1\"> </span>Vencido &gt; 180 d\u00edas 4.312 4.326 3.929 3.929 55.874<span class=\"ls0_1\"> </span>4.990<span class=\"ls0_1\"> </span>40.792<span class=\"ls0_1\"> </span>4.050<span class=\"ls0_1\"> </span>ENCE <span class=\"_ _0\"></span>cuenta <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>sistemas <span class=\"_ _0\"></span>prop<span class=\"_ _6\"></span>ios <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>ev<span class=\"_ _6\"></span>aluaci\u00f3n <span class=\"_ _0\"></span>crediticia <span class=\"_ _0\"></span>per<span class=\"_ _6\"></span>manente <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>todo<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>eudores <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la determinaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>l\u00ed<span class=\"_ _6\"></span>mites <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>iesgo <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>parte, <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>se<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>bas<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>informaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sol<span class=\"_ _6\"></span>vencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isponible, en <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>profundo <span class=\"_ _6\"></span>conocimiento <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>clientes <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>negocio <span class=\"_ _6\"></span>celulos<span class=\"_ _6\"></span>a, <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>an\u00e1lisis <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>evaluaci\u00f3n <span class=\"_ _6\"></span>crediticia realizados por entid<span class=\"_ _6\"></span>ades de seguro de cr\u00e9dito d<span class=\"_ _6\"></span>e reconocido p<span class=\"_ _6\"></span>restigio.<span class=\"_ _6\"></span> Actividad Venta <span class=\"_ _6\"></span>Celulosa Este <span class=\"_ _15\"></span>negocio <span class=\"_ _10\"></span>concentra <span class=\"_ _10\"></span>saldos <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>cobrar <span class=\"_ _10\"></span>recogidos <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cDeudor<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>comerciales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>otras <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _15\"></span>a cobrar\u201d por importe d<span class=\"_ _6\"></span>e <span class=\"ff4\">29.993 <span class=\"_ _6\"></span></span>miles \u20ac, deteriorados<span class=\"_ _6\"></span> de forma acumulada <span class=\"_ _6\"></span>en <span class=\"ff4\">4.795 <span class=\"_ _6\"></span></span>miles \u20ac.<span class=\"ff4\"> </span>El <span class=\"_ _10\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>distribu<span class=\"_ _6\"></span>ye <span class=\"_ _10\"></span>en <span class=\"_ _11\"></span>1<span class=\"lse\">00</span>-200 <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>o<span class=\"_ _6\"></span>tras <span class=\"_ _0\"></span>contrap<span class=\"_ _6\"></span>artes. <span class=\"_ _0\"></span>La <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>centraci\u00f3n <span class=\"_ _0\"></span>m\u00e1xima <span class=\"_ _0\"></span>de riesgo con un t<span class=\"_ _6\"></span>ercero en 2024<span class=\"_ _6\"></span> y 2023 es del 12% y el <span class=\"_ _6\"></span>10% de las<span class=\"_ _6\"></span> ventas d<span class=\"_ _6\"></span>e celulosa,<span class=\"_ _6\"></span> respectivamente. Para <span class=\"_ _0\"></span>mitigar <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>riesgo, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>opera <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>his<span class=\"_ _6\"></span>torial <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _0\"></span>sin <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>solvencias <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>alt<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>calidad crediticia, <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>sigue<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>la pol\u00edtica <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>ender <span class=\"_ _e\"></span>mayoritaria<span class=\"_ _6\"></span>mente <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>clientes cubiertos <span class=\"_ _e\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _e\"></span>los programas <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>seguro<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>contratados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>ENCE, <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>cuales <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>porcionan <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>cobertura<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>roximadamente <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>9<span class=\"_ _6\"></span>0% <span class=\"_ _6\"></span>del<span class=\"_ _6\"></span> importe <span class=\"_ _1c\"> </span>facturado. <span class=\"_ _1c\"> </span>Es<span class=\"_ _6\"></span>tas <span class=\"_ _1c\"> </span>medidas <span class=\"_ _1c\"> </span>se <span class=\"_ _1c\"> </span>complementan <span class=\"_ _1c\"> </span>c<span class=\"_ _6\"></span>on <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>ejecuci\u00f3n, <span class=\"_ _1c\"> </span>peri\u00f3dica<span class=\"_ _6\"></span>mente, <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>an\u00e1lisis espec\u00edficos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>solvencia <span class=\"_ _0\"></span>fina<span class=\"_ _6\"></span>nciera <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>principales <span class=\"_ _0\"></span>clie<span class=\"_ _6\"></span>ntes <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la<span class=\"_ _33\"> </span>inclusi\u00f3n, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>det<span class=\"_ _6\"></span>erminadas situaciones, d<span class=\"_ _6\"></span>e cl\u00e1usulas espec\u00edficas en los contra<span class=\"_ _6\"></span>tos de venta dirigidas<span class=\"_ _6\"></span> a garantiz<span class=\"_ _6\"></span>ar el cobro.<span class=\"_ _6\"></span> La <span class=\"_ _6\"></span>calificaci\u00f3n <span class=\"_ _6\"></span>crediticia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>nuestros <span class=\"_ _15\"></span>clientes <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>saldos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>pendientes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cobro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>di<span class=\"_ _6\"></span>ciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>202<span class=\"_ _10\"></span>4 <span class=\"_ _6\"></span><span class=\"ls1e\">y </span>202<span class=\"ls0_1\">3, considerando<span class=\"_ _6\"></span> la evaluaci\u00f3n realizad<span class=\"_ _6\"></span>a por nues<span class=\"_ _6\"></span>tras aseguradoras es la s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _6\"></span> </span>202<span class=\"ls0_1\">4 </span>2023<span class=\"ls0_1\"> </span>Nivel de Riesgo- Bajo 52%<span class=\"ls0_1\"> </span>58%<span class=\"ls0_1\"> </span>Medio 30%<span class=\"ls0_1\"> </span>25%<span class=\"ls0_1\"> </span>Medio-alto 15%<span class=\"ls0_1\"> </span>15%<span class=\"ls0_1\"> </span>Alto 3%<span class=\"ls0_1\"> </span>2%<span class=\"ls0_1\"> </span>Actividad Venta E<span class=\"_ _6\"></span>nerg\u00eda Este <span class=\"_ _15\"></span>negocio <span class=\"_ _10\"></span>concentra <span class=\"_ _10\"></span>saldos <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>cobrar <span class=\"_ _10\"></span>recogidos <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cDeudor<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>comerciales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>otras <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _15\"></span>a cobrar\u201d por importe d<span class=\"_ _6\"></span>e <span class=\"ff4\">31.925 <span class=\"_ _6\"></span></span>miles \u20ac, deteriorados<span class=\"_ _6\"></span> de forma acumulada <span class=\"_ _6\"></span>en 1<span class=\"ff4 lse\">95<span class=\"ls0_1\"> </span></span>m<span class=\"_ _6\"></span>iles \u20ac.<span class=\"_ _33\"> </span>Durante <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>a\u00f1os <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y 2023 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>generada,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>marco <span class=\"_ _6\"></span>regulatorio <span class=\"_ _6\"></span>el\u00e9ctrico <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>vigor, se ha vendid<span class=\"_ _6\"></span>o a trav\u00e9s del Mercad<span class=\"_ _6\"></span>o Ib\u00e9rico de Electricida<span class=\"_ _6\"></span>d (MIBEL), cobra<span class=\"_ _6\"></span>ndo los in<span class=\"_ _6\"></span>gresos del operador del mercado OMIE que cuenta con un <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>istema de garant\u00eda de <span class=\"_ _1\"></span>pagos, y de <span class=\"_ _1\"></span>la Comisi\u00f3n Nacional de los Mercados y  la <span class=\"_ _18\"> </span>Competencia <span class=\"_ _18\"> </span>(CNMC), <span class=\"_ _18\"> </span>ente  regu<span class=\"_ _6\"></span>lador <span class=\"_ _18\"> </span>de  los <span class=\"_ _18\"> </span>mercados<span class=\"_ _6\"></span>  energ\u00e9ticos <span class=\"_ _18\"> </span>de  Es<span class=\"_ _6\"></span>pa\u00f1a, <span class=\"_ _18\"> </span>dependiente <span class=\"_ _18\"> </span>del Ministerio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>In<span class=\"_ _6\"></span>dustria. <span class=\"_ _0\"></span>En <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>may<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>parte <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>saldos <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>cobrar <span class=\"_ _10\"></span>derivado<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>actividad <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>e<span class=\"_ _15\"></span>sto<span class=\"_ _6\"></span>s organismos. Al tratarse de saldos <span class=\"_ _1\"></span>soportados en \u00faltima instancia por e<span class=\"_ _1\"></span>l estado espa\u00f1ol, la<span class=\"_ _1\"></span> p\u00e9rdida esperada considerada es <span class=\"_ _6\"></span>insignificante. Tesorer\u00eda En <span class=\"_ _e\"></span>relaci\u00f3n al <span class=\"_ _a\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>\u201cEfectivo <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span><span class=\"ff4\">t</span>ros <span class=\"_ _1\"></span>medios <span class=\"_ _e\"></span>equiv<span class=\"_ _6\"></span>alente\u201d <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situaci\u00f3n Financ<span class=\"_ _1\"></span>iera <span class=\"_ _e\"></span>conso<span class=\"_ _6\"></span>lidado, el rating <span class=\"_ _6\"></span>promedio d<span class=\"_ _6\"></span>e las con<span class=\"_ _6\"></span>trapartes es <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>siguiente s<span class=\"_ _6\"></span>eg\u00fan la <span class=\"_ _6\"></span>escala de <span class=\"_ _6\"></span>la agencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>calificaci\u00f3n Standard &amp; Poor\u00b4s: 202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Rating- A 46%<span class=\"ls0_1\"> </span>50%<span class=\"ls0_1\"> </span>BBB<span class=\"ls0_1\"> </span>54%<span class=\"ls0_1\"> </span>42%<span class=\"ls0_1\"> </span>BB<span class=\"ls0_1\"> </span>0%<span class=\"ls0_1\"> </span>8%<span class=\"_ _33\"> </span>5.3<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Riesgos de liquid<span class=\"_ _1\"></span>ez y capita<span class=\"_ _1\"></span>l </span>La <span class=\"_ _6\"></span>exposici\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _6\"></span>adversas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>mercados <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>capitales <span class=\"_ _6\"></span>puede <span class=\"_ _6\"></span>dific<span class=\"_ _6\"></span>ultar <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>impedir <span class=\"_ _6\"></span>la cobertura de <span class=\"_ _1\"></span>las necesidades f<span class=\"_ _e\"></span>inan<span class=\"_ _6\"></span>cieras que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e requieren <span class=\"_ _e\"></span>para el <span class=\"_ _1\"></span>desarrollo adecuado de <span class=\"_ _e\"></span>las actividades del Grupo y su<span class=\"_ _6\"></span> Plan de Negocio futuro. <span class=\"_ _6\"></span> La <span class=\"_ _15\"></span>pol\u00edtica <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>liquidez <span class=\"_ _15\"></span>seguid<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>ENCE <span class=\"_ _15\"></span>est\u00e1<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>rientada <span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>garantizar <span class=\"_ _6\"></span>la <span class=\"_ _10\"></span>disponibilidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>fondos <span class=\"_ _15\"></span>necesarios para <span class=\"_ _11\"> </span>as<span class=\"_ _6\"></span>egurar <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>cumplimiento <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>obligacion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>adquiridas <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>desarrollo <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>sus <span class=\"_ _12\"> </span>planes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>n<span class=\"_ _6\"></span>egocio, manteniendo en <span class=\"_ _6\"></span>todo <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>el niv<span class=\"_ _6\"></span>el \u00f3ptimo <span class=\"_ _6\"></span>de r<span class=\"_ _6\"></span>ecurs<span class=\"_ _6\"></span>os l\u00edqu<span class=\"_ _6\"></span>idos y <span class=\"_ _6\"></span>procuran<span class=\"_ _6\"></span>do la <span class=\"_ _6\"></span>mayor eficiencia en <span class=\"_ _6\"></span>la gesti\u00f3n de los recurs<span class=\"_ _6\"></span>os financieros.<span class=\"_ _33\"> </span>Cada uno de los dos negocios de <span class=\"_ _1\"></span>ENCE se financia y gestiona de manera <span class=\"_ _1\"></span>individualizad<span class=\"_ _6\"></span>a, teniendo en cuenta sus caracter\u00edsticas<span class=\"_ _6\"></span>, sin existir recursos o ga<span class=\"_ _6\"></span>rant\u00edas significativas<span class=\"_ _6\"></span> entre ambos.<span class=\"_ _6\"></span> Este <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>uno <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>riesgos <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>siguen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>mayor <span class=\"_ _6\"></span>at<span class=\"_ _6\"></span>enci\u00f3n <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>parte <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara el <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>lleva <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>cab<span class=\"_ _6\"></span>o un <span class=\"_ _11\"></span>control <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>seguimiento <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _11\"></span>necesidades <span class=\"_ _0\"></span>finan<span class=\"_ _6\"></span>cieras <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>desd<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>elaboraci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>revisiones <span class=\"_ _11\"></span>de tesorer\u00eda <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la p<span class=\"_ _6\"></span>lanificaci\u00f3n <span class=\"_ _6\"></span>financiera <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>acom<span class=\"_ _6\"></span>pa\u00f1a <span class=\"_ _15\"></span>a los <span class=\"_ _6\"></span>presupuesto<span class=\"_ _6\"></span>s an<span class=\"_ _6\"></span>uales <span class=\"_ _6\"></span>y al <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>lan estrat\u00e9gico. <span class=\"_ _6\"></span>ENCE mantiene fuentes d<span class=\"_ _6\"></span>e financiaci\u00f3n d<span class=\"_ _6\"></span>iversificadas y<span class=\"_ _6\"></span> estables. En <span class=\"_ _15\"></span>este <span class=\"_ _10\"></span>sentido, <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Grupo <span class=\"_ _10\"></span>dispone <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>un <span class=\"_ _10\"></span>sistema <span class=\"_ _15\"></span>glob<span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>control <span class=\"_ _10\"></span>econ\u00f3mico <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>presu<span class=\"_ _6\"></span>puestario <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>cad<span class=\"_ _6\"></span>a negocio, <span class=\"_ _1\"></span>adaptado<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a cada <span class=\"_ _1\"></span>actividad, que <span class=\"_ _e\"></span>prop<span class=\"_ _6\"></span>orciona la <span class=\"_ _e\"></span>informaci\u00f3n necesaria <span class=\"_ _e\"></span>a los <span class=\"_ _e\"></span>resp<span class=\"_ _6\"></span>onsables de <span class=\"_ _e\"></span>negocio y les permite controlar los<span class=\"_ _6\"></span> riesgos<span class=\"_ _6\"></span> potenciales<span class=\"_ _6\"></span> y adoptar las decision<span class=\"_ _6\"></span>es de gesti\u00f3n m\u00e1s<span class=\"_ _6\"></span> adecuadas. <span class=\"_ _6\"></span> En coherencia con esta pol\u00edtica de prudencia financiera <span class=\"_ _1\"></span>ENCE mantiene al 31 de <span class=\"_ _1\"></span>diciembre de 202<span class=\"_ _6\"></span>4 recursos en <span class=\"_ _e\"></span>efectivo <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>otro<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _1\"></span>financieros <span class=\"_ _e\"></span>l\u00edqu<span class=\"_ _6\"></span>idos <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>l\u00edneas <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito <span class=\"_ _1\"></span>no <span class=\"_ _e\"></span>dis<span class=\"_ _6\"></span>puestas suficie<span class=\"_ _1\"></span>ntes <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _e\"></span>cub<span class=\"_ _6\"></span>rir<span class=\"_ _6\"></span><span class=\"ls20\">, </span>en una parte relevan<span class=\"_ _6\"></span>te, sus<span class=\"_ _6\"></span> obligaciones a corto p<span class=\"_ _6\"></span>lazo (v\u00e9anse N<span class=\"_ _6\"></span>otas 27 y 28).<span class=\"_ _6\"></span> Asimismo, <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>ha <span class=\"_ _12\"> </span>establecido<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>nivel <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>endeud<span class=\"_ _6\"></span>amiento <span class=\"_ _12\"> </span>neto <span class=\"_ _12\"> </span>objetivo<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>ad<span class=\"_ _6\"></span>aptado <span class=\"_ _12\"> </span>al  perf<span class=\"_ _1\"></span>il <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>potencial volatilidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>gresos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>dis<span class=\"_ _6\"></span>tintos <span class=\"_ _15\"></span>negocios <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>Grupo. <span class=\"_ _15\"></span>En <span class=\"_ _15\"></span>este <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>entido <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>icho <span class=\"_ _15\"></span>nivel <span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>jetivo <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>el Negocio <span class=\"_ _11\"> </span>Celulosa <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>ha <span class=\"_ _11\"> </span>estab<span class=\"_ _6\"></span>lecido <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>2,5 <span class=\"_ _11\"></span>vece<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>resultado <span class=\"_ _11\"> </span>bru<span class=\"_ _6\"></span>to <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _11\"> </span>(EBITDA) <span class=\"_ _11\"> </span>recurrente<span class=\"_ _6\"></span> considerando un precio <span class=\"_ _e\"></span>de la ce<span class=\"_ _1\"></span>lulosa y del <span class=\"_ _e\"></span>d\u00f3lar medios del <span class=\"_ _e\"></span>ciclo, y de <span class=\"_ _e\"></span>5 veces e<span class=\"_ _1\"></span>n el <span class=\"_ _e\"></span>Nego<span class=\"_ _6\"></span>cio de <span class=\"_ _e\"></span>Renov<span class=\"_ _6\"></span>ables.<span class=\"_ _33\"> </span>La  deuda  finan<span class=\"_ _6\"></span>ciera  neta  y <span class=\"_ _18\"> </span>el  EBITDA  son<span class=\"_ _6\"></span>  magnitudes <span class=\"_ _18\"> </span>no  desglos<span class=\"_ _6\"></span>adas  en <span class=\"_ _18\"> </span>los  estados <span class=\"_ _1e\"> </span>financieros.  Su cuantificaci\u00f3n <span class=\"_ _6\"></span>as\u00ed como <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>reconciliaci\u00f3n <span class=\"_ _6\"></span>con los<span class=\"_ _6\"></span> esta<span class=\"_ _6\"></span>dos financieros <span class=\"_ _6\"></span>se detallan<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el Anexo <span class=\"_ _6\"></span>I al <span class=\"_ _6\"></span>Informe de Gesti\u00f3n <span class=\"_ _6\"></span>so<span class=\"_ _6\"></span>bre <span class=\"_ _6\"></span>Actividad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>2024.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>endeudami<span class=\"_ _6\"></span>ento <span class=\"_ _15\"></span>neto <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>negocios <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>de 202<span class=\"ls0_1\">4 y 2023 <span class=\"ff6\">calculad<span class=\"_ _6\"></span>o como \u201c<span class=\"_ _6\"></span>deuda financiera neta / <span class=\"_ _6\"></span>EBITDA\u201d es el siguient<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span></span>: </span>Millones \u20ac<span class=\"ff3\"> </span>Negocio Celulosa Negocio Renovables 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Deuda financiera neta 255,9 186,1 78,8 93,5 EBITDA 138,2 46,2 26,3 42,6 Ratio Deuda neta /EBITDA  1,9 4,0 3,0 2,2 Adicionalmente, <span class=\"_ _1e\"> </span>el <span class=\"_ _18\"> </span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _18\"> </span>m<span class=\"_ _6\"></span>anten\u00eda <span class=\"_ _1e\"> </span>al <span class=\"_ _1e\"> </span>31 <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>diciembre<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>2024 <span class=\"_ _1e\"> </span>inversiones <span class=\"_ _1e\"> </span>financ<span class=\"_ _6\"></span>ieras <span class=\"_ _18\"> </span>tempora<span class=\"_ _6\"></span>les <span class=\"_ _18\"> </span>con<span class=\"_ _6\"></span> vencimiento enero 2025 por <span class=\"_ _6\"></span>importe de 10 <span class=\"_ _6\"></span>millones \u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>La informaci\u00f3n <span class=\"_ _e\"></span>relativ<span class=\"_ _6\"></span>a al <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>\u00e1lisis de <span class=\"_ _e\"></span>los vencimientos <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivos financieros <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>que hace<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>ferencia la <span class=\"_ _1\"></span>NIIF 7 <span class=\"_ _6\"></span><span class=\"ls0_1\">as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cumplimiento <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>obligaciones <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>umidas <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>suscrita <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _10\"></span>se <span class=\"_ _6\"></span>encuentra </span>recogida en la Nota 28 d<span class=\"_ _6\"></span>e esta memoria.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "5.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Riesgos de mercad<span class=\"_ _1\"></span>o </span>El <span class=\"_ _10\"></span>riesgo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>mercado <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>p\u00e9rdid<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>potencial <span class=\"_ _0\"></span>ante <span class=\"_ _10\"></span>movimientos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>adverso<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>variables <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>mercado. <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>l Grupo est\u00e1<span class=\"_ _6\"></span> expuesto<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>divers<span class=\"_ _6\"></span>os tip<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>de riesgos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>mercado: <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>recio d<span class=\"_ _6\"></span>e v<span class=\"_ _6\"></span>enta de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>cel<span class=\"_ _6\"></span>ulosa <span class=\"_ _6\"></span>y la <span class=\"_ _6\"></span>energ\u00eda renovable, de <span class=\"_ _1\"></span>tipo de <span class=\"_ _e\"></span>cambio<span class=\"_ _6\"></span>, <span class=\"_ _1\"></span>de tipo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>inter\u00e9s, de <span class=\"_ _1\"></span>regulaci\u00f3n, y <span class=\"_ _e\"></span>de precio de las <span class=\"_ _e\"></span>materias primas utilizadas en los procesos<span class=\"_ _6\"></span> productivos.<span class=\"_ _6\"></span> ENCE <span class=\"_ _0\"></span>realiza <span class=\"_ _10\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>eguimiento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>expo<span class=\"_ _6\"></span>sici\u00f3n <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>ri<span class=\"_ _6\"></span>esgo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mercado <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>t\u00e9r<span class=\"_ _6\"></span>minos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ensibilidad<span class=\"_ _6\"></span>es. <span class=\"_ _11\"> </span>Es<span class=\"_ _6\"></span>tos an\u00e1lisis <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>complementan <span class=\"_ _11\"> </span>con <span class=\"_ _11\"> </span>otra<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>medidas <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>gesti\u00f3n <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>riesgo <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>aq<span class=\"_ _6\"></span>uellas <span class=\"_ _11\"> </span>ocasiones <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>que <span class=\"_ _11\"></span>la naturaleza de las<span class=\"_ _6\"></span> posiciones d<span class=\"_ _6\"></span>e riesgo as\u00ed lo r<span class=\"_ _6\"></span>equiere, entre <span class=\"_ _6\"></span>ellas, el estable<span class=\"_ _6\"></span>cimiento de l\u00edmites m\u00e1x<span class=\"_ _6\"></span>imos d<span class=\"_ _6\"></span>e riesgo, que son<span class=\"_ _6\"></span> definidos por el Comit\u00e9 de Dir<span class=\"_ _6\"></span>ecci\u00f3n.<span class=\"_ _33\"> </span>Precio de la celulosa <span class=\"_ _6\"></span> El <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>recio <span class=\"_ _12\"> </span>de  la <span class=\"_ _12\"> </span>celulosa  BEKP <span class=\"_ _12\"> </span>se  establece <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>n <span class=\"_ _1a\"> </span>mercado  activo <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>u <span class=\"_ _1a\"> </span>evoluci\u00f3n <span class=\"_ _12\"> </span>determina  de <span class=\"_ _12\"> </span>forma<span class=\"_ _6\"></span> significativa <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>volumen <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ingres<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>rentabilidad <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Grup<span class=\"_ _6\"></span>o. <span class=\"_ _10\"></span>Las <span class=\"_ _10\"></span>variaciones <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>pasta <span class=\"_ _10\"></span>de celulosa modifican los flujo<span class=\"_ _6\"></span>s de efectivo o<span class=\"_ _6\"></span>btenido<span class=\"_ _6\"></span>s por <span class=\"_ _6\"></span>su venta.  Adicionalmente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>celulos<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>marcado <span class=\"_ _0\"></span>car\u00e1cter <span class=\"_ _0\"></span>c\u00edclico <span class=\"_ _0\"></span>habiendo <span class=\"_ _0\"></span>exp<span class=\"_ _6\"></span>erimentado <span class=\"_ _0\"></span>una considerable volatilid<span class=\"_ _6\"></span>ad en los \u00faltimos a<span class=\"_ _6\"></span>\u00f1os. Este comportamiento del precio <span class=\"_ _6\"></span>est\u00e1 aso<span class=\"_ _6\"></span>ciado principalmente<span class=\"_ _6\"></span> a cambios<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>vol\u00famenes o <span class=\"_ _6\"></span>condicion<span class=\"_ _6\"></span>es en <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>que s<span class=\"_ _6\"></span>e establecen <span class=\"_ _6\"></span>la of<span class=\"_ _6\"></span>erta y <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>demanda, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>a la <span class=\"_ _6\"></span>situaci\u00f3<span class=\"_ _6\"></span>n financiera y la competitivid<span class=\"_ _6\"></span>ad en costes <span class=\"_ _6\"></span>de los d<span class=\"_ _6\"></span>istintos operadores d<span class=\"_ _6\"></span>el mercado.<span class=\"_ _6\"></span> Para <span class=\"_ _15\"></span>mitigar <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>riesgo <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Gru<span class=\"_ _6\"></span>po <span class=\"_ _15\"></span>ha <span class=\"_ _10\"></span>acometido <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>\u00faltimos <span class=\"_ _15\"></span>a\u00f1os <span class=\"_ _10\"></span>importantes <span class=\"_ _10\"></span>inversiones <span class=\"_ _15\"></span>orienta<span class=\"_ _6\"></span>das <span class=\"_ _15\"></span>a reducir <span class=\"_ _15\"></span>sus <span class=\"_ _15\"></span>costes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roducci\u00f3n, <span class=\"_ _15\"></span>incrementar <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>productiv<span class=\"_ _6\"></span>idad <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>calid<span class=\"_ _6\"></span>ad <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>producto <span class=\"_ _15\"></span>comercializado,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed como <span class=\"_ _6\"></span>diversificar <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>ductos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>caracter\u00edst<span class=\"_ _6\"></span>icas <span class=\"_ _15\"></span>especiales <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>alto <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>a\u00f1adido. <span class=\"_ _6\"></span>As<span class=\"_ _6\"></span>imismo, <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>eval\u00faa <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e forma continua <span class=\"_ _1\"></span>la posibilidad <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e utilizaci\u00f3n <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e coberturas <span class=\"_ _e\"></span>sobre el <span class=\"_ _1\"></span>precio de <span class=\"_ _e\"></span>la pasta para <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>ventas futuras,<span class=\"_ _1\"></span> si bien, la oferta d<span class=\"_ _6\"></span>e estos instrumentos d<span class=\"_ _6\"></span>e cobertura es limit<span class=\"_ _6\"></span>ada. <span class=\"_ _6\"></span> La sensibilidad<span class=\"_ _6\"></span> en el resultado de explotaci\u00f3<span class=\"_ _6\"></span>n y el patrimoni<span class=\"_ _6\"></span>o neto (antes<span class=\"_ _6\"></span> de impuestos) a v<span class=\"_ _6\"></span>ariaciones en el precio de venta de la celulos<span class=\"_ _6\"></span>a se detalla a <span class=\"_ _6\"></span>continuaci\u00f3n:<span class=\"_ _6\"></span> Miles \u20ac<span class=\"ff3\"> </span>Variaci\u00f3n  Precio Celulosa Efecto en resultado explotaci\u00f3n  (-)/+ Efecto en patrimonio neto (-)/+ 2024<span class=\"ls0_1\"> </span>Incremento 5% 31.311 31.311 Reducci\u00f3n 5% (31.311) (31.311) 2023<span class=\"ls0_1\"> </span>Incremento 5% 28.280 28.280 Reducci\u00f3n 5% (28.280) (28.280)<span class=\"_ _33\"> </span>Precio de la energ\u00eda reno<span class=\"_ _6\"></span>vable y regulaci\u00f3n<span class=\"_ _6\"></span> En lo <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se refiere al <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>renovable v<span class=\"_ _6\"></span>endida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>ENCE <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>mercado el\u00e9ctrico es<span class=\"_ _6\"></span>pa\u00f1ol, <span class=\"_ _6\"></span>el Real <span class=\"_ _0\"></span>Decr<span class=\"_ _6\"></span>eto <span class=\"_ _11\"></span>413/2014 <span class=\"_ _0\"></span>por <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>que <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>regula <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>actividad <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>producci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _11\"> </span>el\u00e9ctrica <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _11\"> </span>de fuentes <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>en<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>enovable, <span class=\"_ _11\"> </span>cogeneraci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>resid<span class=\"_ _6\"></span>uos <span class=\"_ _11\"></span>asegura <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>instalaciones <span class=\"_ _11\"></span>acogidas <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>R\u00e9gimen<span class=\"_ _6\"></span> Retributivo Es<span class=\"_ _6\"></span>pecial que tienen retrib<span class=\"_ _6\"></span>uci\u00f3n a la inv<span class=\"_ _6\"></span>ersi\u00f3n, una rentab<span class=\"_ _6\"></span>ilidad m\u00ednima del 7,<span class=\"_ _6\"></span>398% a lo largo de<span class=\"_ _6\"></span> su vida regulatoria y<span class=\"_ _6\"></span> hasta 2031, eliminando as\u00ed gran<span class=\"_ _6\"></span> parte de las incertidumbres a<span class=\"_ _6\"></span>sociada<span class=\"_ _6\"></span>s a<span class=\"_ _6\"></span> la revisi\u00f3n del resto <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>par\u00e1metros <span class=\"_ _0\"></span>retributivos, <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>garantizar <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>retorno <span class=\"_ _10\"></span>para <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _11\"></span>sujetas <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>dicho <span class=\"_ _0\"></span>r\u00e9gimen<span class=\"_ _6\"></span> retributivo (v\u00e9as<span class=\"_ _6\"></span>e Anexo III).  ENCE h<span class=\"_ _6\"></span>ace un <span class=\"_ _6\"></span>seguimiento <span class=\"_ _6\"></span>pormenorizado <span class=\"_ _6\"></span>de los<span class=\"_ _6\"></span> cambios<span class=\"_ _6\"></span> regulatorios<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>fin de <span class=\"_ _6\"></span>recoger a<span class=\"_ _6\"></span>decuadamente <span class=\"_ _6\"></span>su impacto en los estad<span class=\"_ _6\"></span>os financieros, as\u00ed co<span class=\"_ _6\"></span>mo en la ev<span class=\"_ _6\"></span>a<span class=\"ls18\">lu</span>aci\u00f3n<span class=\"_ _6\"></span> de potenciales inv<span class=\"_ _6\"></span>ersiones. El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>comercializa <span class=\"_ _6\"></span>toda <span class=\"_ _6\"></span>la energ\u00eda <span class=\"_ _6\"></span>generada <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>destino <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>terceros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a trav<span class=\"_ _6\"></span>\u00e9s del <span class=\"_ _6\"></span>OMEL. <span class=\"_ _6\"></span>Adicionalmente,<span class=\"_ _6\"></span> toda <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>capacidad <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>producci\u00f3n <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _a\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>mercado <span class=\"_ _e\"></span>el\u00e9ctrico <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>encuentra<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>sujeta <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>retribuci\u00f3n <span class=\"_ _1\"></span>regulada.  Suministro de madera<span class=\"_ _6\"></span> La madera <span class=\"_ _6\"></span>de eucalip<span class=\"_ _6\"></span>to es el prin<span class=\"_ _6\"></span>cipal ins<span class=\"_ _6\"></span>umo en la <span class=\"_ _6\"></span>producci\u00f3n d<span class=\"_ _6\"></span>e pasta de <span class=\"_ _6\"></span>celulosa <span class=\"_ _6\"></span>y su precio <span class=\"_ _6\"></span>est\u00e1 s<span class=\"_ _6\"></span>ujeto a <span class=\"_ _15\"></span>fluctuaciones<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>derivadas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>cambios <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>equ<span class=\"_ _6\"></span>ilibrio <span class=\"_ _15\"></span>entr<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>oferta <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>emanda <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>zon<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>donde <span class=\"_ _10\"></span>se ubican las b<span class=\"_ _6\"></span>iof\u00e1bricas de p<span class=\"_ _6\"></span>roducci\u00f3n de celulosa.<span class=\"_ _33\"> </span>El <span class=\"_ _6\"></span>riesgo <span class=\"_ _6\"></span>derivado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>oferta <span class=\"_ _6\"></span>insuficiente <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>mitigado <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rincipalmente a <span class=\"_ _6\"></span>trav<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la gesti\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>del sto<span class=\"_ _6\"></span>ck, la diversificaci\u00f3n de fuentes de suministro, incluyend<span class=\"_ _6\"></span>o, en determinadas<span class=\"_ _6\"></span> circunstancias<span class=\"_ _6\"></span>, el acceso a <span class=\"_ _1\"></span>mercados internacionales alternativos<span class=\"_ _6\"></span>, que incorporan un mayor coste log\u00edstico. Por su parte, en la medida e<span class=\"_ _1\"></span>n que no hay <span class=\"_ _10\"></span>pr\u00e1ctica <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>suscripci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>contratos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>compra <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>largo <span class=\"_ _10\"></span>plazo, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>riesgo <span class=\"_ _10\"></span>sobre <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>compra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e gestiona referenci\u00e1ndolo <span class=\"_ _6\"></span>cuando es p<span class=\"_ _6\"></span>osible al precio de la celulosa.<span class=\"_ _15\"></span> La sensibilidad<span class=\"_ _6\"></span> en el resultado de explotaci\u00f3<span class=\"_ _6\"></span>n y el patrimoni<span class=\"_ _6\"></span>o neto (antes<span class=\"_ _6\"></span> de impuestos) a v<span class=\"_ _6\"></span>ariaciones en el precio de la madera de <span class=\"_ _6\"></span>eucalipto con<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>estino celulosa se detalla <span class=\"_ _6\"></span>a continuaci\u00f3n<span class=\"_ _6\"></span>: Miles \u20ac<span class=\"ff3\"> </span>Variaci\u00f3n  Precio Madera Efecto en resultado explotaci\u00f3n  (-)/+ Efecto en patrimonio neto (-)/+ 2024<span class=\"ls0_1\"> </span>Incremento 5% (12.729) (12.729) Reducci\u00f3n 5% 12.729 12.729 2023<span class=\"ls0_1\"> </span>Incremento 5% (12.280) (12.280) Reducci\u00f3n 5% 12.280 12.280 Tipo de cambio Las <span class=\"_ _10\"></span>ventas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>celulosa <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Grupo <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>realizan <span class=\"_ _10\"></span>principa<span class=\"_ _6\"></span>lmente <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _0\"></span>mercado <span class=\"_ _10\"></span>europeo, <span class=\"_ _10\"></span>si <span class=\"_ _10\"></span>bien, <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ingresos provenientes <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>es<span class=\"_ _6\"></span>ta <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ividad <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>en <span class=\"_ _10\"></span>afectados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cambio <span class=\"_ _10\"></span>USD/EUR <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>estar <span class=\"_ _11\"> </span>denominad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>el precio <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>referencia <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>celulosa <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>mercado <span class=\"_ _10\"></span>intern<span class=\"_ _6\"></span>acional <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>USD. <span class=\"_ _10\"></span>En <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>medida <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>la moneada  funcional,  la  estructu<span class=\"_ _6\"></span>ra  de  costes,  y  la  estructura  financiera  del  Grupo  est\u00e1n<span class=\"_ _6\"></span>  denominadas principalmente <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>euros, <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>fluctuacio<span class=\"_ _6\"></span>nes <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>cambio <span class=\"_ _15\"></span>entre <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>d\u00f3lar <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>euro <span class=\"_ _15\"></span>afectan <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>forma significativa a los<span class=\"_ _6\"></span> resultados del Grupo.<span class=\"_ _6\"></span> Para  gestionar  y  minimizar  este  riesgo,  ENCE  realiza  un<span class=\"_ _1\"></span>  seguimiento  permanente  de  su  exposici\u00f3n  a fluctuaciones <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>tipo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>camb<span class=\"_ _6\"></span>io <span class=\"_ _15\"></span>as\u00ed <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>previs<span class=\"_ _6\"></span>iones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>evolu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>tipo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cambio <span class=\"_ _15\"></span>USD/EUR, <span class=\"_ _15\"></span>y en ocasiones, u<span class=\"_ _6\"></span>tiliza estrategias d<span class=\"_ _6\"></span>e cobertura.<span class=\"_ _6\"></span> Los <span class=\"_ _11\"> </span>activos <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>pasiv<span class=\"_ _6\"></span>os <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>grupo <span class=\"_ _11\"></span>expresados <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>moneda <span class=\"_ _11\"> </span>extran<span class=\"_ _6\"></span>jera <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>31 <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>diciembre <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>202<span class=\"_ _15\"></span>4 <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>20<span class=\"_ _6\"></span>23<span class=\"ls10\">, </span>mayoritariamente en USD, s<span class=\"_ _6\"></span>on los<span class=\"_ _6\"></span> siguientes:  Miles \u20ac<span class=\"ff3\"> </span>202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Efectivo 17.174 14.102 Cuentas por cobrar 20.794 26.395 Cuentas por pagar (558) (4.060) 37.410<span class=\"ls0_1\"> </span>36.437<span class=\"ls0_1\"> </span>La sensibilidad del resultado de explotaci\u00f3n y del <span class=\"_ _1\"></span>patrimonio neto (antes de impuestos), a las apreciaciones o <span class=\"ls0_1\">depreciaciones del d\u00f3lar fren<span class=\"_ _6\"></span>te al euro se detalla <span class=\"_ _6\"></span>a continuaci\u00f3n<span class=\"_ _6\"></span>:<span class=\"_ _6\"></span> </span>Miles \u20ac<span class=\"ff3\"> </span>Variaci\u00f3n  Tipo Cambio US$/\u20ac<span class=\"ff3\"> </span>Efecto en resultado explotaci\u00f3n  (-)/+ Efecto en patrimonio neto (-)/+ 2024<span class=\"ls0_1\"> </span>Apreciaci\u00f3n 5% 18.494 18.494 Depreciaci\u00f3n 5% (21.347) (21.347) 2023<span class=\"ls0_1\"> </span>Apreciaci\u00f3n 5% 25.610 25.610 Depreciaci\u00f3n 5% (25.415) (25.415)<span class=\"_ _33\"> </span>Tipo de inter\u00e9s<span class=\"_ _6\"></span> Las variaciones <span class=\"_ _e\"></span>en los <span class=\"_ _e\"></span>tipos<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de inter\u00e9s <span class=\"_ _e\"></span>pueden afectar <span class=\"_ _e\"></span>al<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>ingreso o <span class=\"_ _e\"></span>gasto por <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>tereses <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivos y <span class=\"_ _e\"></span>pasiv<span class=\"_ _6\"></span>os<span class=\"_ _1\"></span> financieros referenciados <span class=\"_ _e\"></span>a un <span class=\"_ _1\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inter\u00e9s variable, pudiendo <span class=\"_ _1\"></span>modificar <span class=\"_ _e\"></span>ta<span class=\"_ _6\"></span>mbi\u00e9n el <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _1\"></span>razonable de <span class=\"_ _e\"></span>los activos <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>asivos <span class=\"_ _10\"></span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _10\"></span>contratados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>fijo. <span class=\"_ _10\"></span>Adicionalmente, <span class=\"_ _10\"></span>esta<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>variaciones <span class=\"_ _0\"></span>pueden afectar <span class=\"_ _11\"></span>al <span class=\"_ _11\"></span>valor <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>libros <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>pasivos <span class=\"_ _11\"> </span>por <span class=\"_ _11\"></span>variaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>tasas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>descuent<span class=\"_ _15\"></span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>flujos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>caja aplicables, a la renta<span class=\"_ _6\"></span>bilidad de las inv<span class=\"_ _6\"></span>ersiones y al coste fut<span class=\"_ _6\"></span>uro de captaci\u00f3n<span class=\"_ _6\"></span> de recursos financieros.<span class=\"_ _10\"></span> El objetiv<span class=\"_ _6\"></span>o de la <span class=\"_ _6\"></span>gesti\u00f3n d<span class=\"_ _6\"></span>e este <span class=\"_ _6\"></span>riesgo es <span class=\"_ _6\"></span>mantener u<span class=\"_ _6\"></span>n equilibrio <span class=\"_ _6\"></span>entre la <span class=\"_ _6\"></span>deuda <span class=\"_ _6\"></span>a tipo de <span class=\"_ _6\"></span>inter\u00e9s <span class=\"_ _6\"></span>variable y tipo <span class=\"_ _6\"></span>fijo <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ermita <span class=\"_ _6\"></span>manten<span class=\"_ _6\"></span>er <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>costes <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>deuda <span class=\"_ _15\"></span>dentro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>par\u00e1metros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estab<span class=\"_ _6\"></span>lecidos <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ol\u00edtica de gesti\u00f3n de riesgos.<span class=\"_ _6\"></span> El  endeudamiento  d<span class=\"_ _6\"></span>e  ENCE  proviene  de  aquellos  ins<span class=\"_ _6\"></span>trumentos  financieros  m\u00e1s<span class=\"_ _6\"></span>  competitivos  en  cada momento, tanto<span class=\"_ _6\"></span> de mercados d<span class=\"_ _6\"></span>e capitales como <span class=\"_ _6\"></span>ban<span class=\"_ _6\"></span>carios, <span class=\"_ _6\"></span>y de acuerdo a la<span class=\"_ _6\"></span>s condiciones<span class=\"_ _6\"></span> de mercado que sean <span class=\"_ _11\"> </span>\u00f3ptimas <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>cada <span class=\"_ _11\"> </span>un<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>ellos. <span class=\"_ _11\"> </span>As<span class=\"_ _6\"></span>\u00ed <span class=\"_ _11\"></span>mismo, <span class=\"_ _11\"> </span>ENCE <span class=\"_ _11\"> </span>mitiga <span class=\"_ _11\"> </span>este <span class=\"_ _11\"> </span>r<span class=\"_ _6\"></span>iesgo <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>trav\u00e9s <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>la <span class=\"_ _11\"> </span>contrataci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de derivados d<span class=\"_ _6\"></span>e tipo de inter\u00e9s que intercambian flu<span class=\"_ _6\"></span>jos variab<span class=\"_ _6\"></span>les por fijos.<span class=\"_ _15\"></span> La estructura d<span class=\"_ _6\"></span>e la deuda financiera a 31 de dicie<span class=\"_ _6\"></span>mbre de 202<span class=\"_ _6\"></span>4 y 2023, u<span class=\"_ _6\"></span>na vez cons<span class=\"_ _6\"></span>ideradas las coberturas contratadas<span class=\"_ _6\"></span>, es la siguiente: Negocio Celulosa Negocio Renovables Miles \u20ac<span class=\"ff4\"> </span>2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Tipo inter\u00e9s fijo 175.534 234.500 126.286 111.371 Tipo inter\u00e9s Variable 176.209 179.047 41.266 11.612 Comisiones e intereses 1.533 1.401 (5.133) (467) Total deuda financiera bruta (Nota 28) 353.276<span class=\"ls0_1\"> </span>414.948<span class=\"ls0_1\"> </span>162.419<span class=\"ls0_1\"> </span>122.516<span class=\"ls0_1\"> </span>La tasa d<span class=\"_ _6\"></span>e inter\u00e9s variable est\u00e1 sujeta<span class=\"_ _6\"></span> a las oscilaciones d<span class=\"_ _6\"></span>el Euribor.<span class=\"_ _6\"></span> La sens<span class=\"_ _6\"></span>ibilidad <span class=\"_ _6\"></span>del resulta<span class=\"_ _6\"></span>do de explot<span class=\"_ _6\"></span>aci\u00f3n y<span class=\"_ _6\"></span> del <span class=\"_ _6\"></span>patrimoni<span class=\"_ _6\"></span>o n<span class=\"_ _6\"></span>eto (antes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>impuestos), <span class=\"_ _10\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>variaci\u00f3n <span class=\"_ _6\"></span>en 50 puntos b<span class=\"_ _6\"></span>\u00e1sicos en el tipo de inter\u00e9s<span class=\"_ _6\"></span>, se detalla a <span class=\"_ _6\"></span>continuaci\u00f3n<span class=\"_ _6\"></span>: Miles \u20ac<span class=\"ff3\"> </span>Variaci\u00f3n  Tipo Inter\u00e9s Efecto en resultado antes impuestos (-)/+ Efecto en patrimonio neto (-)/+ 2024<span class=\"ls0_1\"> </span>Incremento 50 pb (1.172) 1.537 Descenso 50 pb 1.172 (1.958) 2023<span class=\"ls0_1\"> </span>Incremento 50 pb (1.318) 767<span class=\"ls0_1\"> </span>Descenso 50 pb 1.318 (793)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "5.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Riesgo de Cr\u00e9d<span class=\"_ _1\"></span>ito </span>El <span class=\"_ _1\"></span>riesgo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>efine como <span class=\"_ _e\"></span>la posibilidad de <span class=\"_ _e\"></span>que un <span class=\"_ _1\"></span>tercero <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>cumpla con <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>obligaciones de <span class=\"_ _e\"></span>pago, originando <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>ello <span class=\"_ _10\"></span>p\u00e9rdidas <span class=\"_ _0\"></span>crediticias. <span class=\"_ _10\"></span>Este <span class=\"_ _10\"></span>riesgo, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>mayor <span class=\"_ _10\"></span>parte, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>eval\u00faa <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>trola <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>de forma <span class=\"_ _e\"></span>individu<span class=\"_ _6\"></span>alizada <span class=\"_ _e\"></span>para ca<span class=\"_ _1\"></span>da <span class=\"_ _e\"></span>cliente<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>medida <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>este <span class=\"_ _1\"></span>riesgo, <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>inculado <span class=\"_ _e\"></span>principalmente <span class=\"_ _e\"></span>al negocio celulosa, se concentra<span class=\"_ _6\"></span> en un n\u00famero reducido d<span class=\"_ _6\"></span>e clientes<span class=\"_ _6\"></span>. El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>eval\u00faa <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>peri\u00f3dica <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>existencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e ev<span class=\"_ _6\"></span>idencias <span class=\"_ _6\"></span>objetivas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>desp<span class=\"_ _6\"></span>u\u00e9s d<span class=\"_ _6\"></span>el reconocimiento <span class=\"_ _e\"></span>inicial<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>a<span class=\"_ _6\"></span>ctivo <span class=\"_ _e\"></span>financiero. <span class=\"_ _e\"></span>Entre <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>fact<span class=\"_ _6\"></span>ores <span class=\"_ _e\"></span>considerado<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>dicha <span class=\"_ _e\"></span>evalu<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _e\"></span>destacan; la <span class=\"_ _15\"></span>cuant\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>deuda <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>endiente <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cob<span class=\"_ _6\"></span>ro <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>cli<span class=\"_ _6\"></span>ente, <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>coberturas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>seguro <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cr\u00e9dito <span class=\"_ _15\"></span>dis<span class=\"_ _6\"></span>ponibles, <span class=\"_ _15\"></span>la antig\u00fcedad <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>deuda, <span class=\"_ _12\"> </span>la  e<span class=\"_ _1\"></span>xistencia <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>situacio<span class=\"_ _6\"></span>nes <span class=\"_ _12\"> </span>concurs<span class=\"_ _6\"></span>ales, <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>conclusion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>an\u00e1lis<span class=\"_ _6\"></span>is <span class=\"_ _12\"> </span>de solvencia realizados<span class=\"_ _6\"></span> sobre los <span class=\"_ _6\"></span>clientes.<span class=\"_ _33\"> </span>Deudores comerciales y <span class=\"_ _6\"></span>otras cuen<span class=\"_ _6\"></span>tas a cobrar<span class=\"_ _6\"></span> Los s<span class=\"_ _6\"></span>aldos comerciales <span class=\"_ _6\"></span>se reflejan<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el Esta<span class=\"_ _6\"></span>do d<span class=\"_ _6\"></span>e Situaci\u00f3n <span class=\"_ _6\"></span>Financiera cons<span class=\"_ _6\"></span>olidado <span class=\"_ _6\"></span>netos de <span class=\"_ _6\"></span>deterioro. <span class=\"_ _6\"></span>Los deterioros <span class=\"_ _10\"></span>acumulados <span class=\"_ _10\"></span>regist<span class=\"_ _6\"></span>rados <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>cienden <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>4.9<span class=\"_ _6\"></span>91 <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _10\"></span>\u20ac <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>4.</span>050 miles <span class=\"_ _11\"> </span>\u20ac, <span class=\"_ _12\"> </span>respectivam<span class=\"_ _6\"></span>ente. <span class=\"_ _12\"> </span>En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>siguiente <span class=\"_ _12\"> </span>cuadro <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>detalla <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>antig\u00fcedad<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>deuda <span class=\"_ _12\"> </span>comercial <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span> deterioros registrados<span class=\"_ _6\"></span> (incluye p\u00e9rdida es<span class=\"_ _6\"></span>perada):<span class=\"_ _6\"></span> 31/12/2024 31/12/2023 Miles \u20ac<span class=\"ff3\"> </span>Saldo a cobrar Deterioro Saldo a cobrar Deterioro No vencido 41.619 - 21.974 - Vencido 0- <span class=\"ls9\">30 </span>d\u00edas 7.983 611<span class=\"ls0_1\"> </span>14.564 - Vencido 30-180 d\u00edas 1.960 53<span class=\"ls0_1\"> </span>325<span class=\"ls0_1\"> </span>121<span class=\"ls0_1\"> </span>Vencido &gt; 180 d\u00edas 4.312 4.326 3.929 3.929 55.874<span class=\"ls0_1\"> </span>4.990<span class=\"ls0_1\"> </span>40.792<span class=\"ls0_1\"> </span>4.050<span class=\"ls0_1\"> </span>ENCE <span class=\"_ _0\"></span>cuenta <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>sistemas <span class=\"_ _0\"></span>prop<span class=\"_ _6\"></span>ios <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>ev<span class=\"_ _6\"></span>aluaci\u00f3n <span class=\"_ _0\"></span>crediticia <span class=\"_ _0\"></span>per<span class=\"_ _6\"></span>manente <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>todo<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>eudores <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la determinaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>l\u00ed<span class=\"_ _6\"></span>mites <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>iesgo <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>parte, <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>se<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>bas<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>informaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sol<span class=\"_ _6\"></span>vencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isponible, en <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>profundo <span class=\"_ _6\"></span>conocimiento <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>clientes <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>negocio <span class=\"_ _6\"></span>celulos<span class=\"_ _6\"></span>a, <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>an\u00e1lisis <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>evaluaci\u00f3n <span class=\"_ _6\"></span>crediticia realizados por entid<span class=\"_ _6\"></span>ades de seguro de cr\u00e9dito d<span class=\"_ _6\"></span>e reconocido p<span class=\"_ _6\"></span>restigio.<span class=\"_ _6\"></span> Actividad Venta <span class=\"_ _6\"></span>Celulosa Este <span class=\"_ _15\"></span>negocio <span class=\"_ _10\"></span>concentra <span class=\"_ _10\"></span>saldos <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>cobrar <span class=\"_ _10\"></span>recogidos <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cDeudor<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>comerciales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>otras <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _15\"></span>a cobrar\u201d por importe d<span class=\"_ _6\"></span>e <span class=\"ff4\">29.993 <span class=\"_ _6\"></span></span>miles \u20ac, deteriorados<span class=\"_ _6\"></span> de forma acumulada <span class=\"_ _6\"></span>en <span class=\"ff4\">4.795 <span class=\"_ _6\"></span></span>miles \u20ac.<span class=\"ff4\"> </span>El <span class=\"_ _10\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>distribu<span class=\"_ _6\"></span>ye <span class=\"_ _10\"></span>en <span class=\"_ _11\"></span>1<span class=\"lse\">00</span>-200 <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>o<span class=\"_ _6\"></span>tras <span class=\"_ _0\"></span>contrap<span class=\"_ _6\"></span>artes. <span class=\"_ _0\"></span>La <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>centraci\u00f3n <span class=\"_ _0\"></span>m\u00e1xima <span class=\"_ _0\"></span>de riesgo con un t<span class=\"_ _6\"></span>ercero en 2024<span class=\"_ _6\"></span> y 2023 es del 12% y el <span class=\"_ _6\"></span>10% de las<span class=\"_ _6\"></span> ventas d<span class=\"_ _6\"></span>e celulosa,<span class=\"_ _6\"></span> respectivamente. Para <span class=\"_ _0\"></span>mitigar <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>riesgo, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>opera <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>his<span class=\"_ _6\"></span>torial <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _0\"></span>sin <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>solvencias <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>alt<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>calidad crediticia, <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>sigue<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>la pol\u00edtica <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>ender <span class=\"_ _e\"></span>mayoritaria<span class=\"_ _6\"></span>mente <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>clientes cubiertos <span class=\"_ _e\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _e\"></span>los programas <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>seguro<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>contratados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>ENCE, <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>cuales <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>porcionan <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>cobertura<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>roximadamente <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>9<span class=\"_ _6\"></span>0% <span class=\"_ _6\"></span>del<span class=\"_ _6\"></span> importe <span class=\"_ _1c\"> </span>facturado. <span class=\"_ _1c\"> </span>Es<span class=\"_ _6\"></span>tas <span class=\"_ _1c\"> </span>medidas <span class=\"_ _1c\"> </span>se <span class=\"_ _1c\"> </span>complementan <span class=\"_ _1c\"> </span>c<span class=\"_ _6\"></span>on <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>ejecuci\u00f3n, <span class=\"_ _1c\"> </span>peri\u00f3dica<span class=\"_ _6\"></span>mente, <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>an\u00e1lisis espec\u00edficos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>solvencia <span class=\"_ _0\"></span>fina<span class=\"_ _6\"></span>nciera <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>principales <span class=\"_ _0\"></span>clie<span class=\"_ _6\"></span>ntes <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la<span class=\"_ _33\"> </span>inclusi\u00f3n, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>det<span class=\"_ _6\"></span>erminadas situaciones, d<span class=\"_ _6\"></span>e cl\u00e1usulas espec\u00edficas en los contra<span class=\"_ _6\"></span>tos de venta dirigidas<span class=\"_ _6\"></span> a garantiz<span class=\"_ _6\"></span>ar el cobro.<span class=\"_ _6\"></span> La <span class=\"_ _6\"></span>calificaci\u00f3n <span class=\"_ _6\"></span>crediticia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>nuestros <span class=\"_ _15\"></span>clientes <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>saldos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>pendientes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cobro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>di<span class=\"_ _6\"></span>ciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>202<span class=\"_ _10\"></span>4 <span class=\"_ _6\"></span><span class=\"ls1e\">y </span>202<span class=\"ls0_1\">3, considerando<span class=\"_ _6\"></span> la evaluaci\u00f3n realizad<span class=\"_ _6\"></span>a por nues<span class=\"_ _6\"></span>tras aseguradoras es la s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _6\"></span> </span>202<span class=\"ls0_1\">4 </span>2023<span class=\"ls0_1\"> </span>Nivel de Riesgo- Bajo 52%<span class=\"ls0_1\"> </span>58%<span class=\"ls0_1\"> </span>Medio 30%<span class=\"ls0_1\"> </span>25%<span class=\"ls0_1\"> </span>Medio-alto 15%<span class=\"ls0_1\"> </span>15%<span class=\"ls0_1\"> </span>Alto 3%<span class=\"ls0_1\"> </span>2%<span class=\"ls0_1\"> </span>Actividad Venta E<span class=\"_ _6\"></span>nerg\u00eda Este <span class=\"_ _15\"></span>negocio <span class=\"_ _10\"></span>concentra <span class=\"_ _10\"></span>saldos <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>cobrar <span class=\"_ _10\"></span>recogidos <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cDeudor<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>comerciales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>otras <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _15\"></span>a cobrar\u201d por importe d<span class=\"_ _6\"></span>e <span class=\"ff4\">31.925 <span class=\"_ _6\"></span></span>miles \u20ac, deteriorados<span class=\"_ _6\"></span> de forma acumulada <span class=\"_ _6\"></span>en 1<span class=\"ff4 lse\">95<span class=\"ls0_1\"> </span></span>m<span class=\"_ _6\"></span>iles \u20ac.<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gsb4\"><div class=\"t_1 m0_1 x1f h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>a\u00f1os <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y 2023 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>generada,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>marco <span class=\"_ _6\"></span>regulatorio <span class=\"_ _6\"></span>el\u00e9ctrico <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>vigor, </div><div class=\"t_1 m0_1 x1f h8 y1d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">se ha vendid<span class=\"_ _6\"></span>o a trav\u00e9s del Mercad<span class=\"_ _6\"></span>o Ib\u00e9rico de Electricida<span class=\"_ _6\"></span>d (MIBEL), cobra<span class=\"_ _6\"></span>ndo los in<span class=\"_ _6\"></span>gresos del operador del </div><div class=\"t_1 m0_1 x1f h8 y1d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">mercado OMIE que cuenta con un <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>istema de garant\u00eda de <span class=\"_ _1\"></span>pagos, y de <span class=\"_ _1\"></span>la Comisi\u00f3n Nacional de los Mercados </div><div class=\"t_1 m0_1 x1f h8 y338 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y  la <span class=\"_ _18\"> </span>Competencia <span class=\"_ _18\"> </span>(CNMC), <span class=\"_ _18\"> </span>ente  regu<span class=\"_ _6\"></span>lador <span class=\"_ _18\"> </span>de  los <span class=\"_ _18\"> </span>mercados<span class=\"_ _6\"></span>  energ\u00e9ticos <span class=\"_ _18\"> </span>de  Es<span class=\"_ _6\"></span>pa\u00f1a, <span class=\"_ _18\"> </span>dependiente <span class=\"_ _18\"> </span>del </div><div class=\"t_1 m0_1 x1f h8 y339 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ministerio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>In<span class=\"_ _6\"></span>dustria. <span class=\"_ _0\"></span>En <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>may<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>parte <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>saldos <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>cobrar <span class=\"_ _10\"></span>derivado<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>actividad <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>e<span class=\"_ _15\"></span>sto<span class=\"_ _6\"></span>s </div><div class=\"t_1 m0_1 x1f h8 y33a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">organismos. Al tratarse de saldos <span class=\"_ _1\"></span>soportados en \u00faltima instancia por e<span class=\"_ _1\"></span>l estado espa\u00f1ol, la<span class=\"_ _1\"></span> p\u00e9rdida esperada </div><div class=\"t_1 m0_1 x1f h8 y33b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">considerada es <span class=\"_ _6\"></span>insignificante. </div><div class=\"t_1 m0_1 x1f h9 y2c0 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tesorer\u00eda </div><div class=\"t_1 m0_1 x1f h8 y31b ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"_ _e\"></span>relaci\u00f3n al <span class=\"_ _a\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>\u201cEfectivo <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span><span class=\"ff4\">t</span>ros <span class=\"_ _1\"></span>medios <span class=\"_ _e\"></span>equiv<span class=\"_ _6\"></span>alente\u201d <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situaci\u00f3n Financ<span class=\"_ _1\"></span>iera <span class=\"_ _e\"></span>conso<span class=\"_ _6\"></span>lidado, </div><div class=\"t_1 m0_1 x1f h8 y31c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el rating <span class=\"_ _6\"></span>promedio d<span class=\"_ _6\"></span>e las con<span class=\"_ _6\"></span>trapartes es <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>siguiente s<span class=\"_ _6\"></span>eg\u00fan la <span class=\"_ _6\"></span>escala de <span class=\"_ _6\"></span>la agencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>calificaci\u00f3n Standard </div><div class=\"t_1 m0_1 x1f h8 y31d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">&amp; Poor\u00b4s: </div></div><div class=\"c_1 w45 h71 gsb5\"><div class=\"t_1 m0_1 xe h54 y82 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">4 </span></div></div><div class=\"c_1 w56 h71 gsb6\"><div class=\"t_1 m0_1 x8c h54 y82 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">3 </span></div></div><div class=\"c_1 w12 h6e gsb7\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Rating- </div></div><div class=\"c_1 w12 h1d gsb8\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">A </div></div><div class=\"c_1 w45 h1d gsb9\"><div class=\"t_1 m0_1 x5 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">46%<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w56 h1d gsba\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">50%<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12 h6e gsbb\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls1f ws0_1\">BBB<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w45 h6e gsbc\"><div class=\"t_1 m0_1 x5 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">54%<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w56 h6e gsbd\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">42%<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12 h1d gsbe\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls1f ws0_1\">BB<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w45 h1d gsbf\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">0%<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w56 h1d gsc0\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">8%<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-565": {
   "value": "5.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Riesgo de Cr\u00e9d<span class=\"_ _1\"></span>ito </span>El <span class=\"_ _1\"></span>riesgo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>efine como <span class=\"_ _e\"></span>la posibilidad de <span class=\"_ _e\"></span>que un <span class=\"_ _1\"></span>tercero <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>cumpla con <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>obligaciones de <span class=\"_ _e\"></span>pago, originando <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>ello <span class=\"_ _10\"></span>p\u00e9rdidas <span class=\"_ _0\"></span>crediticias. <span class=\"_ _10\"></span>Este <span class=\"_ _10\"></span>riesgo, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>mayor <span class=\"_ _10\"></span>parte, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>eval\u00faa <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>trola <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>de forma <span class=\"_ _e\"></span>individu<span class=\"_ _6\"></span>alizada <span class=\"_ _e\"></span>para ca<span class=\"_ _1\"></span>da <span class=\"_ _e\"></span>cliente<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>medida <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>este <span class=\"_ _1\"></span>riesgo, <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>inculado <span class=\"_ _e\"></span>principalmente <span class=\"_ _e\"></span>al negocio celulosa, se concentra<span class=\"_ _6\"></span> en un n\u00famero reducido d<span class=\"_ _6\"></span>e clientes<span class=\"_ _6\"></span>. El <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>eval\u00faa <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>peri\u00f3dica <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>existencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e ev<span class=\"_ _6\"></span>idencias <span class=\"_ _6\"></span>objetivas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deterioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>desp<span class=\"_ _6\"></span>u\u00e9s d<span class=\"_ _6\"></span>el reconocimiento <span class=\"_ _e\"></span>inicial<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>a<span class=\"_ _6\"></span>ctivo <span class=\"_ _e\"></span>financiero. <span class=\"_ _e\"></span>Entre <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>fact<span class=\"_ _6\"></span>ores <span class=\"_ _e\"></span>considerado<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>dicha <span class=\"_ _e\"></span>evalu<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _e\"></span>destacan; la <span class=\"_ _15\"></span>cuant\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>deuda <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>endiente <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cob<span class=\"_ _6\"></span>ro <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>cli<span class=\"_ _6\"></span>ente, <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>coberturas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>seguro <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cr\u00e9dito <span class=\"_ _15\"></span>dis<span class=\"_ _6\"></span>ponibles, <span class=\"_ _15\"></span>la antig\u00fcedad <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>deuda, <span class=\"_ _12\"> </span>la  e<span class=\"_ _1\"></span>xistencia <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>situacio<span class=\"_ _6\"></span>nes <span class=\"_ _12\"> </span>concurs<span class=\"_ _6\"></span>ales, <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>conclusion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>an\u00e1lis<span class=\"_ _6\"></span>is <span class=\"_ _12\"> </span>de solvencia realizados<span class=\"_ _6\"></span> sobre los <span class=\"_ _6\"></span>clientes.<span class=\"_ _33\"> </span>Deudores comerciales y <span class=\"_ _6\"></span>otras cuen<span class=\"_ _6\"></span>tas a cobrar<span class=\"_ _6\"></span> Los s<span class=\"_ _6\"></span>aldos comerciales <span class=\"_ _6\"></span>se reflejan<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el Esta<span class=\"_ _6\"></span>do d<span class=\"_ _6\"></span>e Situaci\u00f3n <span class=\"_ _6\"></span>Financiera cons<span class=\"_ _6\"></span>olidado <span class=\"_ _6\"></span>netos de <span class=\"_ _6\"></span>deterioro. <span class=\"_ _6\"></span>Los deterioros <span class=\"_ _10\"></span>acumulados <span class=\"_ _10\"></span>regist<span class=\"_ _6\"></span>rados <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>cienden <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>4.9<span class=\"_ _6\"></span>91 <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _10\"></span>\u20ac <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>4.</span>050 miles <span class=\"_ _11\"> </span>\u20ac, <span class=\"_ _12\"> </span>respectivam<span class=\"_ _6\"></span>ente. <span class=\"_ _12\"> </span>En <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>siguiente <span class=\"_ _12\"> </span>cuadro <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>detalla <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>antig\u00fcedad<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>deuda <span class=\"_ _12\"> </span>comercial <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span> deterioros registrados<span class=\"_ _6\"></span> (incluye p\u00e9rdida es<span class=\"_ _6\"></span>perada):<span class=\"_ _6\"></span> 31/12/2024 31/12/2023 Miles \u20ac<span class=\"ff3\"> </span>Saldo a cobrar Deterioro Saldo a cobrar Deterioro No vencido 41.619 - 21.974 - Vencido 0- <span class=\"ls9\">30 </span>d\u00edas 7.983 611<span class=\"ls0_1\"> </span>14.564 - Vencido 30-180 d\u00edas 1.960 53<span class=\"ls0_1\"> </span>325<span class=\"ls0_1\"> </span>121<span class=\"ls0_1\"> </span>Vencido &gt; 180 d\u00edas 4.312 4.326 3.929 3.929 55.874<span class=\"ls0_1\"> </span>4.990<span class=\"ls0_1\"> </span>40.792<span class=\"ls0_1\"> </span>4.050<span class=\"ls0_1\"> </span>ENCE <span class=\"_ _0\"></span>cuenta <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>sistemas <span class=\"_ _0\"></span>prop<span class=\"_ _6\"></span>ios <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>ev<span class=\"_ _6\"></span>aluaci\u00f3n <span class=\"_ _0\"></span>crediticia <span class=\"_ _0\"></span>per<span class=\"_ _6\"></span>manente <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>todo<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>eudores <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la determinaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>l\u00ed<span class=\"_ _6\"></span>mites <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>iesgo <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>parte, <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>se<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>bas<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>informaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sol<span class=\"_ _6\"></span>vencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isponible, en <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>profundo <span class=\"_ _6\"></span>conocimiento <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>clientes <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>negocio <span class=\"_ _6\"></span>celulos<span class=\"_ _6\"></span>a, <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>an\u00e1lisis <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>evaluaci\u00f3n <span class=\"_ _6\"></span>crediticia realizados por entid<span class=\"_ _6\"></span>ades de seguro de cr\u00e9dito d<span class=\"_ _6\"></span>e reconocido p<span class=\"_ _6\"></span>restigio.<span class=\"_ _6\"></span> Actividad Venta <span class=\"_ _6\"></span>Celulosa Este <span class=\"_ _15\"></span>negocio <span class=\"_ _10\"></span>concentra <span class=\"_ _10\"></span>saldos <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>cobrar <span class=\"_ _10\"></span>recogidos <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cDeudor<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>comerciales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>otras <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _15\"></span>a cobrar\u201d por importe d<span class=\"_ _6\"></span>e <span class=\"ff4\">29.993 <span class=\"_ _6\"></span></span>miles \u20ac, deteriorados<span class=\"_ _6\"></span> de forma acumulada <span class=\"_ _6\"></span>en <span class=\"ff4\">4.795 <span class=\"_ _6\"></span></span>miles \u20ac.<span class=\"ff4\"> </span>El <span class=\"_ _10\"></span>riesgo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>distribu<span class=\"_ _6\"></span>ye <span class=\"_ _10\"></span>en <span class=\"_ _11\"></span>1<span class=\"lse\">00</span>-200 <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>o<span class=\"_ _6\"></span>tras <span class=\"_ _0\"></span>contrap<span class=\"_ _6\"></span>artes. <span class=\"_ _0\"></span>La <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>centraci\u00f3n <span class=\"_ _0\"></span>m\u00e1xima <span class=\"_ _0\"></span>de riesgo con un t<span class=\"_ _6\"></span>ercero en 2024<span class=\"_ _6\"></span> y 2023 es del 12% y el <span class=\"_ _6\"></span>10% de las<span class=\"_ _6\"></span> ventas d<span class=\"_ _6\"></span>e celulosa,<span class=\"_ _6\"></span> respectivamente. Para <span class=\"_ _0\"></span>mitigar <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>riesgo, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>opera <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>his<span class=\"_ _6\"></span>torial <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _0\"></span>sin <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>solvencias <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>alt<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>calidad crediticia, <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>sigue<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>la pol\u00edtica <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>ender <span class=\"_ _e\"></span>mayoritaria<span class=\"_ _6\"></span>mente <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>clientes cubiertos <span class=\"_ _e\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _e\"></span>los programas <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>seguro<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>contratados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>ENCE, <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>cuales <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>porcionan <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>cobertura<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>roximadamente <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>9<span class=\"_ _6\"></span>0% <span class=\"_ _6\"></span>del<span class=\"_ _6\"></span> importe <span class=\"_ _1c\"> </span>facturado. <span class=\"_ _1c\"> </span>Es<span class=\"_ _6\"></span>tas <span class=\"_ _1c\"> </span>medidas <span class=\"_ _1c\"> </span>se <span class=\"_ _1c\"> </span>complementan <span class=\"_ _1c\"> </span>c<span class=\"_ _6\"></span>on <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>ejecuci\u00f3n, <span class=\"_ _1c\"> </span>peri\u00f3dica<span class=\"_ _6\"></span>mente, <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>an\u00e1lisis espec\u00edficos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>solvencia <span class=\"_ _0\"></span>fina<span class=\"_ _6\"></span>nciera <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>principales <span class=\"_ _0\"></span>clie<span class=\"_ _6\"></span>ntes <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la<span class=\"_ _33\"> </span>inclusi\u00f3n, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>det<span class=\"_ _6\"></span>erminadas situaciones, d<span class=\"_ _6\"></span>e cl\u00e1usulas espec\u00edficas en los contra<span class=\"_ _6\"></span>tos de venta dirigidas<span class=\"_ _6\"></span> a garantiz<span class=\"_ _6\"></span>ar el cobro.<span class=\"_ _6\"></span> La <span class=\"_ _6\"></span>calificaci\u00f3n <span class=\"_ _6\"></span>crediticia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>nuestros <span class=\"_ _15\"></span>clientes <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>saldos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>pendientes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cobro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>di<span class=\"_ _6\"></span>ciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>202<span class=\"_ _10\"></span>4 <span class=\"_ _6\"></span><span class=\"ls1e\">y </span>202<span class=\"ls0_1\">3, considerando<span class=\"_ _6\"></span> la evaluaci\u00f3n realizad<span class=\"_ _6\"></span>a por nues<span class=\"_ _6\"></span>tras aseguradoras es la s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _6\"></span> </span>202<span class=\"ls0_1\">4 </span>2023<span class=\"ls0_1\"> </span>Nivel de Riesgo- Bajo 52%<span class=\"ls0_1\"> </span>58%<span class=\"ls0_1\"> </span>Medio 30%<span class=\"ls0_1\"> </span>25%<span class=\"ls0_1\"> </span>Medio-alto 15%<span class=\"ls0_1\"> </span>15%<span class=\"ls0_1\"> </span>Alto 3%<span class=\"ls0_1\"> </span>2%<span class=\"ls0_1\"> </span>Actividad Venta E<span class=\"_ _6\"></span>nerg\u00eda Este <span class=\"_ _15\"></span>negocio <span class=\"_ _10\"></span>concentra <span class=\"_ _10\"></span>saldos <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>cobrar <span class=\"_ _10\"></span>recogidos <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cDeudor<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>comerciales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>otras <span class=\"_ _15\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _15\"></span>a cobrar\u201d por importe d<span class=\"_ _6\"></span>e <span class=\"ff4\">31.925 <span class=\"_ _6\"></span></span>miles \u20ac, deteriorados<span class=\"_ _6\"></span> de forma acumulada <span class=\"_ _6\"></span>en 1<span class=\"ff4 lse\">95<span class=\"ls0_1\"> </span></span>m<span class=\"_ _6\"></span>iles \u20ac.<span class=\"_ _33\"> </span>Durante <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>a\u00f1os <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y 2023 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>generada,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>marco <span class=\"_ _6\"></span>regulatorio <span class=\"_ _6\"></span>el\u00e9ctrico <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>vigor, se ha vendid<span class=\"_ _6\"></span>o a trav\u00e9s del Mercad<span class=\"_ _6\"></span>o Ib\u00e9rico de Electricida<span class=\"_ _6\"></span>d (MIBEL), cobra<span class=\"_ _6\"></span>ndo los in<span class=\"_ _6\"></span>gresos del operador del mercado OMIE que cuenta con un <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>istema de garant\u00eda de <span class=\"_ _1\"></span>pagos, y de <span class=\"_ _1\"></span>la Comisi\u00f3n Nacional de los Mercados y  la <span class=\"_ _18\"> </span>Competencia <span class=\"_ _18\"> </span>(CNMC), <span class=\"_ _18\"> </span>ente  regu<span class=\"_ _6\"></span>lador <span class=\"_ _18\"> </span>de  los <span class=\"_ _18\"> </span>mercados<span class=\"_ _6\"></span>  energ\u00e9ticos <span class=\"_ _18\"> </span>de  Es<span class=\"_ _6\"></span>pa\u00f1a, <span class=\"_ _18\"> </span>dependiente <span class=\"_ _18\"> </span>del Ministerio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>In<span class=\"_ _6\"></span>dustria. <span class=\"_ _0\"></span>En <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>may<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>parte <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>saldos <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>cobrar <span class=\"_ _10\"></span>derivado<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>actividad <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>son <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>e<span class=\"_ _15\"></span>sto<span class=\"_ _6\"></span>s organismos. Al tratarse de saldos <span class=\"_ _1\"></span>soportados en \u00faltima instancia por e<span class=\"_ _1\"></span>l estado espa\u00f1ol, la<span class=\"_ _1\"></span> p\u00e9rdida esperada considerada es <span class=\"_ _6\"></span>insignificante. Tesorer\u00eda En <span class=\"_ _e\"></span>relaci\u00f3n al <span class=\"_ _a\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>\u201cEfectivo <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span><span class=\"ff4\">t</span>ros <span class=\"_ _1\"></span>medios <span class=\"_ _e\"></span>equiv<span class=\"_ _6\"></span>alente\u201d <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situaci\u00f3n Financ<span class=\"_ _1\"></span>iera <span class=\"_ _e\"></span>conso<span class=\"_ _6\"></span>lidado, el rating <span class=\"_ _6\"></span>promedio d<span class=\"_ _6\"></span>e las con<span class=\"_ _6\"></span>trapartes es <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>siguiente s<span class=\"_ _6\"></span>eg\u00fan la <span class=\"_ _6\"></span>escala de <span class=\"_ _6\"></span>la agencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>calificaci\u00f3n Standard &amp; Poor\u00b4s: 202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Rating- A 46%<span class=\"ls0_1\"> </span>50%<span class=\"ls0_1\"> </span>BBB<span class=\"ls0_1\"> </span>54%<span class=\"ls0_1\"> </span>42%<span class=\"ls0_1\"> </span>BB<span class=\"ls0_1\"> </span>0%<span class=\"ls0_1\"> </span>8%<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "<div class=\"c_1 w2_1 h3b gsc2\"><div class=\"t_1 m0_1 x1f h8 y566 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h46 y567 ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">5.3<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Riesgos de liquid<span class=\"_ _1\"></span>ez y capita<span class=\"_ _1\"></span>l </span></div><div class=\"t_1 m0_1 x71 h8 y568 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _6\"></span>exposici\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _6\"></span>adversas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>mercados <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>capitales <span class=\"_ _6\"></span>puede <span class=\"_ _6\"></span>dific<span class=\"_ _6\"></span>ultar <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>impedir <span class=\"_ _6\"></span>la </div><div class=\"t_1 m0_1 x71 h8 y569 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cobertura de <span class=\"_ _1\"></span>las necesidades f<span class=\"_ _e\"></span>inan<span class=\"_ _6\"></span>cieras que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e requieren <span class=\"_ _e\"></span>para el <span class=\"_ _1\"></span>desarrollo adecuado de <span class=\"_ _e\"></span>las actividades del </div><div class=\"t_1 m0_1 x71 h8 y56a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo y su<span class=\"_ _6\"></span> Plan de Negocio futuro. <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y56b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _15\"></span>pol\u00edtica <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>liquidez <span class=\"_ _15\"></span>seguid<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>ENCE <span class=\"_ _15\"></span>est\u00e1<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>rientada <span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>garantizar <span class=\"_ _6\"></span>la <span class=\"_ _10\"></span>disponibilidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>fondos <span class=\"_ _15\"></span>necesarios </div><div class=\"t_1 m0_1 x71 h8 y56c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">para <span class=\"_ _11\"> </span>as<span class=\"_ _6\"></span>egurar <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>cumplimiento <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>obligacion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>adquiridas <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>desarrollo <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>sus <span class=\"_ _12\"> </span>planes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>n<span class=\"_ _6\"></span>egocio, </div><div class=\"t_1 m0_1 x71 h8 y56d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">manteniendo en <span class=\"_ _6\"></span>todo <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>el niv<span class=\"_ _6\"></span>el \u00f3ptimo <span class=\"_ _6\"></span>de r<span class=\"_ _6\"></span>ecurs<span class=\"_ _6\"></span>os l\u00edqu<span class=\"_ _6\"></span>idos y <span class=\"_ _6\"></span>procuran<span class=\"_ _6\"></span>do la <span class=\"_ _6\"></span>mayor eficiencia en <span class=\"_ _6\"></span>la </div><div class=\"t_1 m0_1 x71 h8 y56e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">gesti\u00f3n de los recurs<span class=\"_ _6\"></span>os financieros.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y56f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cada uno de los dos negocios de <span class=\"_ _1\"></span>ENCE se financia y gestiona de manera <span class=\"_ _1\"></span>individualizad<span class=\"_ _6\"></span>a, teniendo en cuenta </div><div class=\"t_1 m0_1 x71 h8 y1a0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sus caracter\u00edsticas<span class=\"_ _6\"></span>, sin existir recursos o ga<span class=\"_ _6\"></span>rant\u00edas significativas<span class=\"_ _6\"></span> entre ambos.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y570 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Este <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>uno <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>riesgos <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>siguen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>mayor <span class=\"_ _6\"></span>at<span class=\"_ _6\"></span>enci\u00f3n <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>parte <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara el <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>lleva <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>cab<span class=\"_ _6\"></span>o </div><div class=\"t_1 m0_1 x71 h8 y571 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">un <span class=\"_ _11\"></span>control <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>seguimiento <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _11\"></span>necesidades <span class=\"_ _0\"></span>finan<span class=\"_ _6\"></span>cieras <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>desd<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>elaboraci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>revisiones <span class=\"_ _11\"></span>de </div><div class=\"t_1 m0_1 x71 h8 y572 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">tesorer\u00eda <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la p<span class=\"_ _6\"></span>lanificaci\u00f3n <span class=\"_ _6\"></span>financiera <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>acom<span class=\"_ _6\"></span>pa\u00f1a <span class=\"_ _15\"></span>a los <span class=\"_ _6\"></span>presupuesto<span class=\"_ _6\"></span>s an<span class=\"_ _6\"></span>uales <span class=\"_ _6\"></span>y al <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>lan estrat\u00e9gico. <span class=\"_ _6\"></span>ENCE </div><div class=\"t_1 m0_1 x71 h8 y573 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">mantiene fuentes d<span class=\"_ _6\"></span>e financiaci\u00f3n d<span class=\"_ _6\"></span>iversificadas y<span class=\"_ _6\"></span> estables. </div><div class=\"t_1 m0_1 x71 h8 y574 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"_ _15\"></span>este <span class=\"_ _10\"></span>sentido, <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Grupo <span class=\"_ _10\"></span>dispone <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>un <span class=\"_ _10\"></span>sistema <span class=\"_ _15\"></span>glob<span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>control <span class=\"_ _10\"></span>econ\u00f3mico <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>presu<span class=\"_ _6\"></span>puestario <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>cad<span class=\"_ _6\"></span>a </div><div class=\"t_1 m0_1 x71 h8 y575 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">negocio, <span class=\"_ _1\"></span>adaptado<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a cada <span class=\"_ _1\"></span>actividad, que <span class=\"_ _e\"></span>prop<span class=\"_ _6\"></span>orciona la <span class=\"_ _e\"></span>informaci\u00f3n necesaria <span class=\"_ _e\"></span>a los <span class=\"_ _e\"></span>resp<span class=\"_ _6\"></span>onsables de <span class=\"_ _e\"></span>negocio </div><div class=\"t_1 m0_1 x71 h8 y576 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y les permite controlar los<span class=\"_ _6\"></span> riesgos<span class=\"_ _6\"></span> potenciales<span class=\"_ _6\"></span> y adoptar las decision<span class=\"_ _6\"></span>es de gesti\u00f3n m\u00e1s<span class=\"_ _6\"></span> adecuadas. <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y577 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En coherencia con esta pol\u00edtica de prudencia financiera <span class=\"_ _1\"></span>ENCE mantiene al 31 de <span class=\"_ _1\"></span>diciembre de 202<span class=\"_ _6\"></span>4 recursos </div><div class=\"t_1 m0_1 x71 h8 y578 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"_ _e\"></span>efectivo <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>otro<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _1\"></span>financieros <span class=\"_ _e\"></span>l\u00edqu<span class=\"_ _6\"></span>idos <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>l\u00edneas <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito <span class=\"_ _1\"></span>no <span class=\"_ _e\"></span>dis<span class=\"_ _6\"></span>puestas suficie<span class=\"_ _1\"></span>ntes <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _e\"></span>cub<span class=\"_ _6\"></span>rir<span class=\"_ _6\"></span><span class=\"ls20\">, </span></div><div class=\"t_1 m0_1 x71 h8 y579 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en una parte relevan<span class=\"_ _6\"></span>te, sus<span class=\"_ _6\"></span> obligaciones a corto p<span class=\"_ _6\"></span>lazo (v\u00e9anse N<span class=\"_ _6\"></span>otas 27 y 28).<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y21 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Asimismo, <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>ha <span class=\"_ _12\"> </span>establecido<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>nivel <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>endeud<span class=\"_ _6\"></span>amiento <span class=\"_ _12\"> </span>neto <span class=\"_ _12\"> </span>objetivo<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>ad<span class=\"_ _6\"></span>aptado <span class=\"_ _12\"> </span>al  perf<span class=\"_ _1\"></span>il <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>potencial </div><div class=\"t_1 m0_1 x71 h8 y22 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">volatilidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>gresos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>dis<span class=\"_ _6\"></span>tintos <span class=\"_ _15\"></span>negocios <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>Grupo. <span class=\"_ _15\"></span>En <span class=\"_ _15\"></span>este <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>entido <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>icho <span class=\"_ _15\"></span>nivel <span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>jetivo <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>el </div><div class=\"t_1 m0_1 x71 h8 y23 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio <span class=\"_ _11\"> </span>Celulosa <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>ha <span class=\"_ _11\"> </span>estab<span class=\"_ _6\"></span>lecido <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>2,5 <span class=\"_ _11\"></span>vece<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>resultado <span class=\"_ _11\"> </span>bru<span class=\"_ _6\"></span>to <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _11\"> </span>(EBITDA) <span class=\"_ _11\"> </span>recurrente<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y24 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">considerando un precio <span class=\"_ _e\"></span>de la ce<span class=\"_ _1\"></span>lulosa y del <span class=\"_ _e\"></span>d\u00f3lar medios del <span class=\"_ _e\"></span>ciclo, y de <span class=\"_ _e\"></span>5 veces e<span class=\"_ _1\"></span>n el <span class=\"_ _e\"></span>Nego<span class=\"_ _6\"></span>cio de <span class=\"_ _e\"></span>Renov<span class=\"_ _6\"></span>ables.<span class=\"_ _33\"> </span> <span class=\"_ _6\"></span> </div></div>La  deuda  finan<span class=\"_ _6\"></span>ciera  neta  y <span class=\"_ _18\"> </span>el  EBITDA  son<span class=\"_ _6\"></span>  magnitudes <span class=\"_ _18\"> </span>no  desglos<span class=\"_ _6\"></span>adas  en <span class=\"_ _18\"> </span>los  estados <span class=\"_ _1e\"> </span>financieros.  Su cuantificaci\u00f3n <span class=\"_ _6\"></span>as\u00ed como <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>reconciliaci\u00f3n <span class=\"_ _6\"></span>con los<span class=\"_ _6\"></span> esta<span class=\"_ _6\"></span>dos financieros <span class=\"_ _6\"></span>se detallan<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el Anexo <span class=\"_ _6\"></span>I al <span class=\"_ _6\"></span>Informe de Gesti\u00f3n <span class=\"_ _6\"></span>so<span class=\"_ _6\"></span>bre <span class=\"_ _6\"></span>Actividad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>2024.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>endeudami<span class=\"_ _6\"></span>ento <span class=\"_ _15\"></span>neto <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>negocios <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>de 202<span class=\"ls0_1\">4 y 2023 <span class=\"ff6\">calculad<span class=\"_ _6\"></span>o como \u201c<span class=\"_ _6\"></span>deuda financiera neta / <span class=\"_ _6\"></span>EBITDA\u201d es el siguient<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span></span>: </span>Millones \u20ac<span class=\"ff3\"> </span>Negocio Celulosa Negocio Renovables 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Deuda financiera neta 255,9 186,1 78,8 93,5 EBITDA 138,2 46,2 26,3 42,6 Ratio Deuda neta /EBITDA  1,9 4,0 3,0 2,2 Adicionalmente, <span class=\"_ _1e\"> </span>el <span class=\"_ _18\"> </span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _18\"> </span>m<span class=\"_ _6\"></span>anten\u00eda <span class=\"_ _1e\"> </span>al <span class=\"_ _1e\"> </span>31 <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>diciembre<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>2024 <span class=\"_ _1e\"> </span>inversiones <span class=\"_ _1e\"> </span>financ<span class=\"_ _6\"></span>ieras <span class=\"_ _18\"> </span>tempora<span class=\"_ _6\"></span>les <span class=\"_ _18\"> </span>con<span class=\"_ _6\"></span> vencimiento enero 2025 por <span class=\"_ _6\"></span>importe de 10 <span class=\"_ _6\"></span>millones \u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>La informaci\u00f3n <span class=\"_ _e\"></span>relativ<span class=\"_ _6\"></span>a al <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>\u00e1lisis de <span class=\"_ _e\"></span>los vencimientos <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivos financieros <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>que hace<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>ferencia la <span class=\"_ _1\"></span>NIIF 7 <span class=\"_ _6\"></span><span class=\"ls0_1\">as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cumplimiento <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>obligaciones <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>umidas <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>suscrita <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _10\"></span>se <span class=\"_ _6\"></span>encuentra </span>recogida en la Nota 28 d<span class=\"_ _6\"></span>e esta memoria.<span class=\"_ _33\"> </span>28.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Otros pasivos<span class=\"_ _1\"></span> financieros </span></span>El <span class=\"_ _e\"></span>detalle <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>Financiera<span class=\"_ _6\"></span> Consolidado <span class=\"_ _e\"></span>al 31 <span class=\"_ _a\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>de 2024 <span class=\"_ _e\"></span>y 2023 es el siguiente: Vencimiento en el a\u00f1o Corto Plazo Largo Plazo  2024<span class=\"ls0_1\"> </span>Miles de euros Saldo Dispuesto 2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>2029<span class=\"ls0_1\"> </span>Siguientes Otros pasivos financieros Negocio CELULOSA - Financiaci\u00f3n organismos p\u00fablicos 34.407 8.459 8.019 6.279 6.371 3.891 1.3<span class=\"ls9\">88</span> Pasivos por derecho de uso (Nota 17) 52.803 5.251 4.780 4.657 3.509 2.932 31.674 87.210<span class=\"ls0_1\"> </span>13.710<span class=\"ls0_1\"> </span>12.799<span class=\"ls0_1\"> </span>10.936<span class=\"ls0_1\"> </span>9.880<span class=\"ls0_1\"> </span>6.823<span class=\"ls0_1\"> </span>33.062<span class=\"ls0_1\"> </span>Otros pasivos financieros Negocio RENOVABLES - Pasivos por derecho de uso (Nota 17) 5.744 1.768 1.628 1.107 786<span class=\"ls0_1\"> </span>410<span class=\"ls0_1\"> </span>45 5.744<span class=\"ls0_1\"> </span>1.768<span class=\"ls0_1\"> </span>1.628<span class=\"ls0_1\"> </span>1.107<span class=\"ls0_1\"> </span>786<span class=\"ls0_1\"> </span>410<span class=\"ls0_1\"> </span>45 92.954<span class=\"ls0_1\"> </span>15.478<span class=\"ls0_1\"> </span>14.427<span class=\"ls0_1\"> </span>12.043<span class=\"ls0_1\"> </span>10.666<span class=\"ls0_1\"> </span>7.233<span class=\"ls0_1\"> </span>33.10<span class=\"ls0_1\">7 </span>Vencimiento en el a\u00f1o Corto Plazo  Largo Plazo 2023<span class=\"ls0_1\"> </span>Miles de euros Saldo Dispuesto 2024<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>Siguientes Otros pasivos financieros Negocio CELULOSA - Financiaci\u00f3n organismos p\u00fablicos 42.885 8.737 8.130 8.161 6.305 6.316 5.236 Pasivos por derecho de uso (Nota 17) 42.003 4.005 3.791 3.128 2.667 1.570 26.842 84.888<span class=\"ls0_1\"> </span>12.742<span class=\"ls0_1\"> </span>11.921<span class=\"ls0_1\"> </span>11.289<span class=\"ls0_1\"> </span>8.972<span class=\"ls0_1\"> </span>7.886<span class=\"ls0_1\"> </span>32.078<span class=\"ls0_1\"> </span>Otros pasivos financieros Negocio RENOVABLES - Pasivos por derecho de uso (Nota 17) 2.832 1.102 665<span class=\"ls0_1\"> </span>516<span class=\"ls0_1\"> </span>320<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>2.832<span class=\"ls0_1\"> </span>1.102<span class=\"ls0_1\"> </span>665<span class=\"ls0_1\"> </span>516<span class=\"ls0_1\"> </span>320<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>87.720<span class=\"ls0_1\"> </span>13.844<span class=\"ls0_1\"> </span>12.586<span class=\"ls0_1\"> </span>11.805<span class=\"ls0_1\"> </span>9.292<span class=\"ls0_1\"> </span>8.038<span class=\"ls0_1\"> </span>32.155<span class=\"ls0_1\"> </span>La <span class=\"_ _11\"> </span>cuenta <span class=\"_ _12\"> </span>\u201cFinanciaci\u00f3n <span class=\"_ _12\"> </span>organ<span class=\"_ _6\"></span>ismos <span class=\"_ _11\"> </span>p\u00fa<span class=\"_ _6\"></span>blicos\u201d <span class=\"_ _11\"> </span>corres<span class=\"_ _6\"></span>ponde <span class=\"_ _11\"> </span>fundamental<span class=\"_ _6\"></span>mente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>r\u00e9stamos <span class=\"_ _12\"> </span>obtenidos, normalmente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>favorables, <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>financian <span class=\"_ _11\"> </span>proyectos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>amp<span class=\"_ _6\"></span>liaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>mejora <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>la<span class=\"_ _1\"></span> capacidad productiv<span class=\"_ _6\"></span>a de las <span class=\"_ _1\"></span>biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"_ _1\"></span>actividades de<span class=\"_ _33\"> </span>I+D+i en <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE. <span class=\"_ _6\"></span>Su <span class=\"_ _6\"></span>plazo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>amortizaci\u00f3n <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>10 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>con u<span class=\"_ _6\"></span>n period<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>carencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e 3 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>devengan un tipo de in<span class=\"_ _6\"></span>ter\u00e9s fijo que se sit\u00faa en el ra<span class=\"_ _6\"></span>ngo <span class=\"_ _6\"></span>0%-3,75<span class=\"ls39\">%.<span class=\"_ _33\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "5.3<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Riesgos de liquid<span class=\"_ _1\"></span>ez y capita<span class=\"_ _1\"></span>l </span>La <span class=\"_ _6\"></span>exposici\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituaciones <span class=\"_ _6\"></span>adversas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>mercados <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>capitales <span class=\"_ _6\"></span>puede <span class=\"_ _6\"></span>dific<span class=\"_ _6\"></span>ultar <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>impedir <span class=\"_ _6\"></span>la cobertura de <span class=\"_ _1\"></span>las necesidades f<span class=\"_ _e\"></span>inan<span class=\"_ _6\"></span>cieras que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e requieren <span class=\"_ _e\"></span>para el <span class=\"_ _1\"></span>desarrollo adecuado de <span class=\"_ _e\"></span>las actividades del Grupo y su<span class=\"_ _6\"></span> Plan de Negocio futuro. <span class=\"_ _6\"></span> La <span class=\"_ _15\"></span>pol\u00edtica <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>liquidez <span class=\"_ _15\"></span>seguid<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>ENCE <span class=\"_ _15\"></span>est\u00e1<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>rientada <span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>garantizar <span class=\"_ _6\"></span>la <span class=\"_ _10\"></span>disponibilidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>fondos <span class=\"_ _15\"></span>necesarios para <span class=\"_ _11\"> </span>as<span class=\"_ _6\"></span>egurar <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>cumplimiento <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>obligacion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>adquiridas <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>desarrollo <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>sus <span class=\"_ _12\"> </span>planes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>n<span class=\"_ _6\"></span>egocio, manteniendo en <span class=\"_ _6\"></span>todo <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>el niv<span class=\"_ _6\"></span>el \u00f3ptimo <span class=\"_ _6\"></span>de r<span class=\"_ _6\"></span>ecurs<span class=\"_ _6\"></span>os l\u00edqu<span class=\"_ _6\"></span>idos y <span class=\"_ _6\"></span>procuran<span class=\"_ _6\"></span>do la <span class=\"_ _6\"></span>mayor eficiencia en <span class=\"_ _6\"></span>la gesti\u00f3n de los recurs<span class=\"_ _6\"></span>os financieros.<span class=\"_ _33\"> </span>Cada uno de los dos negocios de <span class=\"_ _1\"></span>ENCE se financia y gestiona de manera <span class=\"_ _1\"></span>individualizad<span class=\"_ _6\"></span>a, teniendo en cuenta sus caracter\u00edsticas<span class=\"_ _6\"></span>, sin existir recursos o ga<span class=\"_ _6\"></span>rant\u00edas significativas<span class=\"_ _6\"></span> entre ambos.<span class=\"_ _6\"></span> Este <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>uno <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>riesgos <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>siguen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>mayor <span class=\"_ _6\"></span>at<span class=\"_ _6\"></span>enci\u00f3n <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>parte <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara el <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>lleva <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>cab<span class=\"_ _6\"></span>o un <span class=\"_ _11\"></span>control <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>seguimiento <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _11\"></span>necesidades <span class=\"_ _0\"></span>finan<span class=\"_ _6\"></span>cieras <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>desd<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>elaboraci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>revisiones <span class=\"_ _11\"></span>de tesorer\u00eda <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la p<span class=\"_ _6\"></span>lanificaci\u00f3n <span class=\"_ _6\"></span>financiera <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>acom<span class=\"_ _6\"></span>pa\u00f1a <span class=\"_ _15\"></span>a los <span class=\"_ _6\"></span>presupuesto<span class=\"_ _6\"></span>s an<span class=\"_ _6\"></span>uales <span class=\"_ _6\"></span>y al <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>lan estrat\u00e9gico. <span class=\"_ _6\"></span>ENCE mantiene fuentes d<span class=\"_ _6\"></span>e financiaci\u00f3n d<span class=\"_ _6\"></span>iversificadas y<span class=\"_ _6\"></span> estables. En <span class=\"_ _15\"></span>este <span class=\"_ _10\"></span>sentido, <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Grupo <span class=\"_ _10\"></span>dispone <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>un <span class=\"_ _10\"></span>sistema <span class=\"_ _15\"></span>glob<span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>control <span class=\"_ _10\"></span>econ\u00f3mico <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>presu<span class=\"_ _6\"></span>puestario <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>cad<span class=\"_ _6\"></span>a negocio, <span class=\"_ _1\"></span>adaptado<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a cada <span class=\"_ _1\"></span>actividad, que <span class=\"_ _e\"></span>prop<span class=\"_ _6\"></span>orciona la <span class=\"_ _e\"></span>informaci\u00f3n necesaria <span class=\"_ _e\"></span>a los <span class=\"_ _e\"></span>resp<span class=\"_ _6\"></span>onsables de <span class=\"_ _e\"></span>negocio y les permite controlar los<span class=\"_ _6\"></span> riesgos<span class=\"_ _6\"></span> potenciales<span class=\"_ _6\"></span> y adoptar las decision<span class=\"_ _6\"></span>es de gesti\u00f3n m\u00e1s<span class=\"_ _6\"></span> adecuadas. <span class=\"_ _6\"></span> En coherencia con esta pol\u00edtica de prudencia financiera <span class=\"_ _1\"></span>ENCE mantiene al 31 de <span class=\"_ _1\"></span>diciembre de 202<span class=\"_ _6\"></span>4 recursos en <span class=\"_ _e\"></span>efectivo <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>otro<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _1\"></span>financieros <span class=\"_ _e\"></span>l\u00edqu<span class=\"_ _6\"></span>idos <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>l\u00edneas <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito <span class=\"_ _1\"></span>no <span class=\"_ _e\"></span>dis<span class=\"_ _6\"></span>puestas suficie<span class=\"_ _1\"></span>ntes <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _e\"></span>cub<span class=\"_ _6\"></span>rir<span class=\"_ _6\"></span><span class=\"ls20\">, </span>en una parte relevan<span class=\"_ _6\"></span>te, sus<span class=\"_ _6\"></span> obligaciones a corto p<span class=\"_ _6\"></span>lazo (v\u00e9anse N<span class=\"_ _6\"></span>otas 27 y 28).<span class=\"_ _6\"></span> Asimismo, <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>ha <span class=\"_ _12\"> </span>establecido<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>nivel <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>endeud<span class=\"_ _6\"></span>amiento <span class=\"_ _12\"> </span>neto <span class=\"_ _12\"> </span>objetivo<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>ad<span class=\"_ _6\"></span>aptado <span class=\"_ _12\"> </span>al  perf<span class=\"_ _1\"></span>il <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>potencial volatilidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>gresos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>dis<span class=\"_ _6\"></span>tintos <span class=\"_ _15\"></span>negocios <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>Grupo. <span class=\"_ _15\"></span>En <span class=\"_ _15\"></span>este <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>entido <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>icho <span class=\"_ _15\"></span>nivel <span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>jetivo <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>el Negocio <span class=\"_ _11\"> </span>Celulosa <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>ha <span class=\"_ _11\"> </span>estab<span class=\"_ _6\"></span>lecido <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>2,5 <span class=\"_ _11\"></span>vece<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>resultado <span class=\"_ _11\"> </span>bru<span class=\"_ _6\"></span>to <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _11\"> </span>(EBITDA) <span class=\"_ _11\"> </span>recurrente<span class=\"_ _6\"></span> considerando un precio <span class=\"_ _e\"></span>de la ce<span class=\"_ _1\"></span>lulosa y del <span class=\"_ _e\"></span>d\u00f3lar medios del <span class=\"_ _e\"></span>ciclo, y de <span class=\"_ _e\"></span>5 veces e<span class=\"_ _1\"></span>n el <span class=\"_ _e\"></span>Nego<span class=\"_ _6\"></span>cio de <span class=\"_ _e\"></span>Renov<span class=\"_ _6\"></span>ables.<span class=\"_ _33\"> </span>La  deuda  finan<span class=\"_ _6\"></span>ciera  neta  y <span class=\"_ _18\"> </span>el  EBITDA  son<span class=\"_ _6\"></span>  magnitudes <span class=\"_ _18\"> </span>no  desglos<span class=\"_ _6\"></span>adas  en <span class=\"_ _18\"> </span>los  estados <span class=\"_ _1e\"> </span>financieros.  Su cuantificaci\u00f3n <span class=\"_ _6\"></span>as\u00ed como <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>reconciliaci\u00f3n <span class=\"_ _6\"></span>con los<span class=\"_ _6\"></span> esta<span class=\"_ _6\"></span>dos financieros <span class=\"_ _6\"></span>se detallan<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>el Anexo <span class=\"_ _6\"></span>I al <span class=\"_ _6\"></span>Informe de Gesti\u00f3n <span class=\"_ _6\"></span>so<span class=\"_ _6\"></span>bre <span class=\"_ _6\"></span>Actividad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>2024.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>endeudami<span class=\"_ _6\"></span>ento <span class=\"_ _15\"></span>neto <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>negocios <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>de 202<span class=\"ls0_1\">4 y 2023 <span class=\"ff6\">calculad<span class=\"_ _6\"></span>o como \u201c<span class=\"_ _6\"></span>deuda financiera neta / <span class=\"_ _6\"></span>EBITDA\u201d es el siguient<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span></span>: </span>Millones \u20ac<span class=\"ff3\"> </span>Negocio Celulosa Negocio Renovables 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Deuda financiera neta 255,9 186,1 78,8 93,5 EBITDA 138,2 46,2 26,3 42,6 Ratio Deuda neta /EBITDA  1,9 4,0 3,0 2,2 Adicionalmente, <span class=\"_ _1e\"> </span>el <span class=\"_ _18\"> </span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _18\"> </span>m<span class=\"_ _6\"></span>anten\u00eda <span class=\"_ _1e\"> </span>al <span class=\"_ _1e\"> </span>31 <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>diciembre<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>2024 <span class=\"_ _1e\"> </span>inversiones <span class=\"_ _1e\"> </span>financ<span class=\"_ _6\"></span>ieras <span class=\"_ _18\"> </span>tempora<span class=\"_ _6\"></span>les <span class=\"_ _18\"> </span>con<span class=\"_ _6\"></span> vencimiento enero 2025 por <span class=\"_ _6\"></span>importe de 10 <span class=\"_ _6\"></span>millones \u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>La informaci\u00f3n <span class=\"_ _e\"></span>relativ<span class=\"_ _6\"></span>a al <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>\u00e1lisis de <span class=\"_ _e\"></span>los vencimientos <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>pas<span class=\"_ _6\"></span>ivos financieros <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>que hace<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>ferencia la <span class=\"_ _1\"></span>NIIF 7 <span class=\"_ _6\"></span><span class=\"ls0_1\">as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cumplimiento <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>obligaciones <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>umidas <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>suscrita <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _10\"></span>se <span class=\"_ _6\"></span>encuentra </span>recogida en la Nota 28 d<span class=\"_ _6\"></span>e esta memoria.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "6.<span class=\"ff5 ls0_1\"> <span class=\"_ _f\"> </span><span class=\"ff3\">Principales adquisiciones, desinve<span class=\"_ _1\"></span>rsiones y otros cambios en el per\u00edmetro de </span></span>consolidaci\u00f3n A\u00f1o 2024 Cambios en el per\u00edmetro de c<span class=\"_ _6\"></span>onsolidaci\u00f3n<span class=\"_ _6\"></span><span class=\"ff4\"> </span>El 18 de diciembre <span class=\"_ _1\"></span>de 2024, Biofertilizantes y Biometano Camarles, S.L.U.,<span class=\"_ _6\"></span> 100% participada por Ence Biog\u00e1s<span class=\"ls20\">, </span>S.L.U., <span class=\"ff6\">holding <span class=\"_ _1\"></span>del \u201cNegocio Biog\u00e1s\u201d <span class=\"_ _1\"></span>de ENCE<span class=\"ff4\"> ha adquirido <span class=\"_ _e\"></span>el 98% del <span class=\"_ _e\"></span>cap<span class=\"_ _6\"></span>ital social <span class=\"_ _1\"></span>y el <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>trol de Biometag\u00e1<span class=\"ls21\">s </span></span></span>La <span class=\"_ _0\"></span>Galera, <span class=\"_ _11\"></span>S.L., <span class=\"_ _0\"></span>sociedad <span class=\"_ _11\"></span>tenedora <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>una <span class=\"_ _0\"></span>instalaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>biometano<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>municipio <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>La<span class=\"_ _6\"></span> Galera (Tarragona). La<span class=\"_ _6\"></span> instalaci\u00f3n est\u00e1 d<span class=\"_ _6\"></span>ise\u00f1ada para producir has<span class=\"_ _6\"></span>ta un m\u00e1ximo de 50 GWh de biometano<span class=\"_ _6\"></span> al a\u00f1o. El precio de adqu<span class=\"_ _6\"></span>isici\u00f3n ha sido de 17,6 millones d<span class=\"_ _6\"></span>e euros. Adicionalmente, el acuerdo<span class=\"_ _6\"></span> define un mecanis<span class=\"_ _6\"></span>mo de <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>tingente <span class=\"_ _10\"></span>(earn-ou<span class=\"_ _6\"></span>t) <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>hasta <span class=\"_ _10\"></span>4,1 <span class=\"_ _15\"></span>millones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>euros, <span class=\"_ _10\"></span>condicionado<span class=\"_ _6\"></span><span class=\"ffb fs9\"> <span class=\"_ _0\"></span></span>al <span class=\"_ _15\"></span>importe <span class=\"_ _10\"></span>del EBITDA <span class=\"_ _6\"></span>normal<span class=\"_ _6\"></span>izado <span class=\"_ _6\"></span>tra<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>inicio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>activid<span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>venta <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>fertilizantes, <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>ien, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>BITDA <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>a\u00f1o <span class=\"_ _15\"></span>2028 <span class=\"_ _6\"></span>si<span class=\"_ _6\"></span> en <span class=\"_ _12\"> </span>dicho <span class=\"_ _1a\"> </span>ejercicio <span class=\"_ _12\"> </span>no <span class=\"_ _1a\"> </span>se <span class=\"_ _12\"> </span>ha <span class=\"_ _1a\"> </span>iniciado <span class=\"_ _12\"> </span>esta  actividad. <span class=\"_ _12\"> </span>Se <span class=\"_ _12\"> </span>estima <span class=\"_ _12\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>esta <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>dici\u00f3n <span class=\"_ _12\"> </span>se  resolver\u00e1 <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>2028<span class=\"_ _6\"></span> exigiendo el pago \u00edntegro. <span class=\"_ _6\"></span> El <span class=\"_ _6\"></span>detalle <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>etos <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quiridos <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>adqu<span class=\"_ _6\"></span>isici\u00f3n, <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>fondo de comercio generado en<span class=\"_ _6\"></span> la operaci\u00f3n, es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _33\"> </span>Miles de Euros Nota Valor razonable Valor en libros negocio adquirido(*) Fondo de comercio 15<span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">4.813    </span>                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Inmovilizado intangible 15<span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">18.<span class=\"ls9\">966</span></span>   <span class=\"ls0_1\"> </span>                   <span class=\"ls0_1\">- </span>   <span class=\"ls0_1\"> </span>Propiedad, planta y equipo 16<span class=\"ls0_1\"> </span>  <span class=\"ls9\">5.832</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">5.832</span>   <span class=\"ls0_1\"> </span>Inversiones financieras a largo plazo   <span class=\"ls0_1\">6</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">6</span>   <span class=\"ls0_1\"> </span>Activos por impuestos diferidos 32<span class=\"ls0_1\"> </span>  <span class=\"ls9\">98<span class=\"ls0_1\">6</span></span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">98<span class=\"ls0_1\">6</span></span>   <span class=\"ls0_1\"> </span>Efectivo y otros activos l\u00edquidos equivalentes   <span class=\"ls9\">198   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">198   <span class=\"ls0_1\"> </span></span>Otros activos corrientes   <span class=\"ls9\">415   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">415   <span class=\"ls0_1\"> </span></span>Total Activos   <span class=\"ls9\">31.216   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">7.437   <span class=\"ls0_1\"> </span></span>Pasivos por impuestos diferidos 32<span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">4.742    </span>                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Pago aplazado compra   <span class=\"ls0_1\">3.642    </span>                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Deudas con empresas del grupo a largo plazo   <span class=\"ls0_1\">1.859    </span>  <span class=\"ls0_1\">1.859    </span>Deuda financiera   <span class=\"ls0_1\">1.716    </span>  <span class=\"ls0_1\">1.716    </span>Otros pasivos corrientes   <span class=\"ls0_1\">1.282    </span>  <span class=\"ls0_1\">1.282    </span>Total Pasivos   <span class=\"ls9\">13.241   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">4.857   <span class=\"ls0_1\"> </span></span>ACTIVOS NETOS ADQUIRIDOS   <span class=\"ls9\">17.975   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">2.580   <span class=\"ls0_1\"> </span></span>(*) Datos correspond<span class=\"_ _6\"></span>ientes al 100% de los activ<span class=\"_ _6\"></span>os netos d<span class=\"_ _6\"></span>e la participada<span class=\"_ _15\"></span>  El  Grupo  E<span class=\"_ _6\"></span>NCE  ha  integrado  los <span class=\"_ _18\"> </span>activos  adquiridos  y  los <span class=\"_ _18\"> </span>pas<span class=\"_ _6\"></span>ivos  asumidos  p<span class=\"_ _6\"></span>or  sus  valores  razonab<span class=\"_ _6\"></span>les estimados <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>fecha <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>adquisici\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>(utilizand<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>t\u00e9cnicas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valoraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Nivel <span class=\"_ _10\"></span>3 <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>eg\u00fan <span class=\"_ _15\"></span>NIIF <span class=\"_ _10\"></span>13)<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _10\"></span></span>El <span class=\"_ _10\"></span>activo intangible identificado<span class=\"_ _6\"></span><span class=\"ff6\">, por importe de 19 millones \u20ac,</span> se correspond<span class=\"_ _6\"></span>en con la licencias y permisos necesarios para la <span class=\"_ _6\"></span>operaci\u00f3n <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>plan<span class=\"_ _6\"></span>ta de <span class=\"_ _6\"></span>biometano<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Dicho activ<span class=\"_ _6\"></span>o, <span class=\"_ _6\"></span>cumple <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>criterios <span class=\"_ _6\"></span>establecid<span class=\"_ _6\"></span>os en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>normativa contable <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>reconocimiento<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>valo<span class=\"_ _6\"></span>rado <span class=\"_ _0\"></span>mediante <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>escuento <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>flujos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>caja <span class=\"_ _10\"></span>previs<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>para esta  instalaci\u00f3n, <span class=\"_ _12\"> </span>sobre <span class=\"_ _12\"> </span>los  que <span class=\"_ _12\"> </span>se  ha <span class=\"_ _12\"> </span>aplicado  una<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>ta<span class=\"_ _6\"></span>sa <span class=\"_ _12\"> </span>de  descuento <span class=\"_ _12\"> </span>en  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>ra<span class=\"_ _6\"></span>ngo <span class=\"_ _12\"> </span>7,4%-<span class=\"_ _6\"></span>7,8%. <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>n  dicha valoraci\u00f3n <span class=\"_ _6\"></span>se h<span class=\"_ _6\"></span>a con<span class=\"_ _6\"></span>tado con<span class=\"_ _6\"></span> el <span class=\"_ _6\"></span>asesoramiento<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>expertos <span class=\"_ _6\"></span>independientes<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _6\"></span>se h<span class=\"_ _6\"></span>a reconoc<span class=\"_ _6\"></span>ido <span class=\"_ _6\"></span>un impuesto <span class=\"_ _12\"> </span>diferido<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>importe  de <span class=\"_ _11\"> </span>4,7  millones <span class=\"_ _12\"> </span>\u20ac <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _12\"> </span>reflejar <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>difer<span class=\"_ _6\"></span>encia <span class=\"_ _12\"> </span>entre  los <span class=\"_ _11\"> </span>valo<span class=\"_ _6\"></span>res contables y fis<span class=\"_ _6\"></span>cales de dicho activo.<span class=\"_ _6\"></span>  El <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>comercio <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltante, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>4,8 <span class=\"_ _6\"></span>millon<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>ser\u00e1 <span class=\"_ _6\"></span>fiscalmente <span class=\"_ _6\"></span>dedu<span class=\"_ _6\"></span>cible. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>te, el importe de la \u201cParticipac<span class=\"_ _6\"></span>i\u00f3n no d<span class=\"_ _6\"></span>ominante\u201d reconocido en la<span class=\"_ _6\"></span> fecha de adquis<span class=\"_ _6\"></span>ici\u00f3n ha sido de 336 miles \u20ac.<span class=\"_ _10\"></span><span class=\"ff4\"> </span>El <span class=\"_ _11\"> </span>ingreso <span class=\"_ _12\"> </span>ordinario <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>resultado <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>adquirida <span class=\"_ _12\"> </span>desde <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>fecha <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>adquisici\u00f3n <span class=\"_ _12\"> </span>incluidos <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>Estado <span class=\"_ _12\"> </span>de Resultado <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>es <span class=\"_ _10\"></span>nulo. <span class=\"_ _0\"></span>En <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>puesto <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _0\"></span>hubiera <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ido <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>1/1/<span class=\"_ _6\"></span>2024 <span class=\"_ _10\"></span>el ingreso <span class=\"_ _15\"></span>ordinario <span class=\"_ _15\"></span>desd<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>fec<span class=\"_ _6\"></span>ha <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>hubiera <span class=\"_ _15\"></span>sido <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span><span class=\"ff6\">ap<span class=\"_ _6\"></span>roximadamente <span class=\"_ _15\"></span>2 <span class=\"_ _15\"></span>mill<span class=\"_ _6\"></span>ones <span class=\"_ _15\"></span>\u20ac <span class=\"_ _10\"></span></span>y <span class=\"_ _15\"></span>resultado de la adquirida <span class=\"_ _6\"></span>una p\u00e9rdida de 0,6 millones<span class=\"_ _6\"></span> \u20ac<span class=\"ff4\">. </span>La <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>tabilizaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _10\"></span>co<span class=\"_ _6\"></span>mbinaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>negocios, <span class=\"_ _0\"></span>dado <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>a\u00fan <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>finalizado <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>plaz<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>12 <span class=\"_ _0\"></span>meses desde la adqu<span class=\"_ _6\"></span>isici\u00f3n, podr\u00e1 ser revisada,<span class=\"_ _6\"></span> si bien, no se esp<span class=\"_ _6\"></span>eran ajustes adicionales s<span class=\"_ _6\"></span>ignificativos. <span class=\"_ _15\"></span> Los <span class=\"_ _15\"></span>costes <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>ociados <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>esta <span class=\"_ _15\"></span>trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _15\"></span>han <span class=\"_ _15\"></span>sid<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span><span class=\"lse\">0,</span>1 <span class=\"_ _15\"></span>millones <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>euros<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>encuentran<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>recogidos <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el Estado de Resu<span class=\"_ _6\"></span>ltado Cons<span class=\"_ _6\"></span>olidado del ejercicio 20<span class=\"lse\">24</span> <span class=\"_ _6\"></span>adjunto<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>De  forma  complementaria  a  la  adquisici\u00f3n  de <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>ta  participada<span class=\"_ _6\"></span><span class=\"ls10\">,  </span>ENCE  ha  f<span class=\"_ _1\"></span>irmado  un  acuerdo  con  una relevante <span class=\"_ _6\"></span>comercializad<span class=\"_ _6\"></span>ora <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gas<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>venta <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>biometano <span class=\"_ _15\"></span>producido <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>planta<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>pr\u00f3ximos <span class=\"_ _15\"></span>15 a\u00f1os. As<span class=\"ls0_1\">imismo, <span class=\"_ _10\"></span>durante <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>ejercicio <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>stituido <span class=\"_ _10\"></span>10 <span class=\"_ _15\"></span>Sociedades, <span class=\"_ _10\"></span>100% <span class=\"_ _10\"></span>participad<span class=\"_ _6\"></span>as <span class=\"_ _10\"></span>por <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nce <span class=\"_ _15\"></span>Biog\u00e1s<span class=\"_ _6\"></span>, </span>S.L.U., con el ob<span class=\"_ _6\"></span>jeto de ll<span class=\"_ _6\"></span>evar a cabo la <span class=\"_ _6\"></span>promoci\u00f3n y<span class=\"_ _6\"></span> construcci\u00f3n<span class=\"_ _6\"></span> de plantas<span class=\"_ _6\"></span> de biometano<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y se ha ad<span class=\"_ _6\"></span>quirido el 100% del capital social d<span class=\"_ _6\"></span>e Biofertilizantes y Bio<span class=\"_ _6\"></span>metano Serto<span class=\"_ _6\"></span>gal Xunqueira, S.L.U. p<span class=\"_ _6\"></span>or 10 miles \u20ac.<span class=\"_ _33\"> </span>Otros Ence Energ\u00eda <span class=\"_ _1\"></span>y Ce<span class=\"_ _1\"></span>lulosa, S.A. ha vendido <span class=\"_ _1\"></span>por su <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r nominal <span class=\"_ _e\"></span>a su filial <span class=\"_ _e\"></span>Ence Biog\u00e1s<span class=\"_ _6\"></span>, S.L.U. <span class=\"_ _1\"></span>la totalidad de <span class=\"_ _1\"></span>sus participaciones <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>3 <span class=\"_ _12\"> </span>Socieda<span class=\"_ _6\"></span>des <span class=\"_ _12\"> </span>vehiculares<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"> </span>h<span class=\"_ _6\"></span>an <span class=\"_ _12\"> </span>cambiado <span class=\"_ _12\"> </span>su <span class=\"_ _12\"> </span>denominaci\u00f3n <span class=\"_ _12\"> </span>social <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>Biog\u00e1s <span class=\"_ _12\"> </span>San Esteban, <span class=\"_ _17\"> </span>S.L.U., <span class=\"_ _17\"> </span>Biog\u00e1s <span class=\"_ _17\"> </span>Almacelles, <span class=\"_ _1e\"> </span>S.L.U. <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>Biofertiliza<span class=\"_ _6\"></span>ntes <span class=\"_ _17\"> </span>y <span class=\"_ _1e\"> </span>Biometano <span class=\"_ _17\"> </span>Laguna <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>N<span class=\"_ _6\"></span>egrillos<span class=\"_ _6\"></span>, <span class=\"_ _1e\"> </span>S.L.U., respectivamente.<span class=\"ff2 fs1\"> </span>A\u00f1o 2023 Cambios en el per\u00edmetro de c<span class=\"_ _6\"></span>onsolidaci\u00f3n<span class=\"_ _6\"></span><span class=\"ff4\"> </span>En e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>ejercicio <span class=\"_ _e\"></span>20<span class=\"_ _6\"></span>23 <span class=\"_ _1\"></span>Ence Energ\u00eda <span class=\"_ _e\"></span>y Celulosa, <span class=\"_ _e\"></span>S.A. constituy<span class=\"_ _6\"></span>\u00f3, siendo <span class=\"_ _e\"></span>titu<span class=\"_ _6\"></span>lar <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>100<span class=\"_ _6\"></span>% <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span><span class=\"ls21\">su<span class=\"ls0_1\"> <span class=\"_ _e\"></span>cap<span class=\"_ _6\"></span>ital <span class=\"_ _1\"></span>social, Ence </span></span>Renovables, <span class=\"_ _0\"></span>S.L.U., <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ociedad <span class=\"_ _0\"></span>holding <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _0\"></span>negocios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00edas <span class=\"_ _0\"></span>renov<span class=\"_ _6\"></span>ables <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo. <span class=\"_ _0\"></span>Tras <span class=\"_ _0\"></span>su constituci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>llev\u00f3 <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>cabo <span class=\"_ _10\"></span>una <span class=\"_ _0\"></span>reorganizaci\u00f3n <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ocietaria <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>ubicar <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>Ence <span class=\"_ _10\"></span>Renov<span class=\"_ _6\"></span>ables, <span class=\"_ _10\"></span>S.L. <span class=\"_ _10\"></span>tod<span class=\"_ _6\"></span>as <span class=\"_ _10\"></span>las filiales encargadas<span class=\"_ _6\"></span> del <span class=\"_ _6\"></span>desarrollo de <span class=\"_ _6\"></span>negocios <span class=\"_ _6\"></span>vinculados <span class=\"_ _6\"></span>a la actividad <span class=\"_ _6\"></span>de generaci\u00f3n <span class=\"_ _6\"></span>de energ\u00eda <span class=\"_ _6\"></span>renovable. En este <span class=\"_ _6\"></span>sentido, <span class=\"_ _6\"></span>la Sociedad<span class=\"_ _6\"></span> Dominante v<span class=\"_ _6\"></span>endi\u00f3 a <span class=\"_ _6\"></span>Ence Renov<span class=\"_ _6\"></span>able<span class=\"_ _6\"></span>s, <span class=\"_ _6\"></span>S.L. su <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _6\"></span>en En<span class=\"_ _6\"></span>ce Biog\u00e1s, <span class=\"_ _15\"></span>S.L. y <span class=\"_ _6\"></span>En<span class=\"_ _6\"></span>ce <span class=\"_ _6\"></span>CO2, <span class=\"_ _6\"></span>S.L. <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>3 <span class=\"_ _6\"></span>miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>apo<span class=\"_ _6\"></span>rt\u00f3 <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>participaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>51% <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>Magnon <span class=\"_ _15\"></span>Green <span class=\"_ _15\"></span>Energy, <span class=\"_ _6\"></span>S.L. mediante la suscripci\u00f3n<span class=\"_ _6\"></span> del 100% de la amplia<span class=\"_ _6\"></span>ci\u00f3n de capital llevad<span class=\"_ _6\"></span>a a cabo p<span class=\"_ _6\"></span>or Ence Renovab<span class=\"_ _6\"></span>les, S.L. <span class=\"_ _6\"></span> La ampliaci\u00f3n de cap<span class=\"_ _6\"></span>ital se llev\u00f3 a cabo<span class=\"_ _6\"></span> por un importe de 113.960 miles \u20ac, <span class=\"_ _6\"></span><span class=\"ff4\">valo<span class=\"_ _6\"></span>r contable de los<span class=\"_ _6\"></span> elementos </span>patrimoniales <span class=\"_ _12\"> </span>ap<span class=\"_ _6\"></span>ortados  e<span class=\"_ _1\"></span>n  l<span class=\"_ _1\"></span>os <span class=\"_ _12\"> </span>estado<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>financieros  consolidados <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>elaborados<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>bajo <span class=\"_ _1a\"> </span>normativa contable espa\u00f1o<span class=\"_ _6\"></span>la en la fecha de la t<span class=\"_ _6\"></span>ransacci\u00f3n,<span class=\"_ _6\"></span> siendo<span class=\"_ _6\"></span> el valor contable en En<span class=\"_ _6\"></span>ce Energ\u00eda y Celulosa, S.A. d<span class=\"_ _6\"></span>e la participaci\u00f3n aportada de 112.528 miles \u20ac. La diferencia entre ambos valores, por importe de 1.432 miles \u20ac, se ha reconocido<span class=\"_ _6\"></span> en una cuenta de Reservas<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span><span class=\"ff4\"> </span>Adicionalmente, <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>f<span class=\"_ _6\"></span>echa <span class=\"_ _6\"></span>20<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>abril <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>Ence <span class=\"_ _15\"></span>Renovab<span class=\"_ _6\"></span>les, <span class=\"_ _6\"></span>S.L. <span class=\"_ _15\"></span>adquiri\u00f3 <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>50% <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>Magno<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>Servicios<span class=\"_ _6\"></span> Energ\u00e9ticos, S.L., so<span class=\"_ _6\"></span>ciedad inactiva en el mom<span class=\"_ _6\"></span>ento de la tran<span class=\"_ _6\"></span>sacci\u00f3n, por <span class=\"_ _6\"></span>el valor de su capital social. <span class=\"_ _15\"></span> Por <span class=\"_ _15\"></span>otra <span class=\"_ _10\"></span>parte, <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>ejercicio <span class=\"_ _10\"></span>2023 <span class=\"_ _15\"></span>Ence <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>Celulosa, <span class=\"_ _15\"></span>S.A. <span class=\"_ _10\"></span>cons<span class=\"_ _6\"></span>tituy\u00f3, <span class=\"_ _15\"></span>siendo <span class=\"_ _10\"></span>titular <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>100% <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>su capital <span class=\"_ _10\"></span>social, <span class=\"_ _10\"></span>Biofibras <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Galicia, <span class=\"_ _15\"></span>S.L.U., <span class=\"_ _10\"></span>cuyo <span class=\"_ _10\"></span>destino <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>desarrollar <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>act<span class=\"_ _6\"></span>ividad <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>producci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>pastas celul\u00f3sicas a partir de cart\u00f3n y <span class=\"_ _1\"></span>papel recuperado, y de las Sociedades Ence Biom<span class=\"_ _1\"></span>asa, S.L.U., Ence PV, S.L.U. y Ence Servicios Energ\u00e9ticos, S.<span class=\"_ _6\"></span>L.U., tod<span class=\"_ _6\"></span>as ellas i<span class=\"_ _6\"></span>nactivas en 2023. <span class=\"_ _6\"></span> Otros Magnon <span class=\"_ _0\"></span>Green <span class=\"_ _10\"></span>Energy, <span class=\"_ _0\"></span>S.L. <span class=\"_ _0\"></span>vendi<span class=\"_ _6\"></span>\u00f3 <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>tercero <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>nominal <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>62,3% <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>An<span class=\"_ _6\"></span>cen <span class=\"_ _0\"></span>Solar <span class=\"_ _0\"></span>IV, <span class=\"_ _0\"></span>S.L.U. sociedad <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>permanec\u00eda <span class=\"_ _10\"></span>ina<span class=\"_ _6\"></span>ctiva<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>venta<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _10\"></span></span>Tras <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>icha <span class=\"_ _10\"></span>operaci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>entidad<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>inici\u00f3 <span class=\"_ _10\"></span>la actividad  de <span class=\"_ _11\"> </span>desarrollo  de <span class=\"_ _11\"> </span>la<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>in<span class=\"_ _6\"></span>stalaciones  nece<span class=\"_ _1\"></span>sarias <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>conexi\u00f3n  a <span class=\"_ _11\"> </span>la <span class=\"_ _1a\"> </span>red <span class=\"_ _12\"> </span>el\u00e9ct<span class=\"_ _6\"></span>rica <span class=\"_ _12\"> </span>de<span class=\"_ _15\"></span> <span class=\"_ _12\"> </span>diversos proyectos <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _10\"></span>renovable, <span class=\"_ _0\"></span>incluido <span class=\"_ _10\"></span>un<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>promovido <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>localizado <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>Sevilla (V\u00e9ase nota 1). <span class=\"_ _6\"></span> Asimismo, <span class=\"_ _11\"></span>durante <span class=\"_ _11\"></span>2023 <span class=\"_ _0\"></span>Magn<span class=\"_ _6\"></span>on <span class=\"_ _11\"></span>Green <span class=\"_ _0\"></span>Energy, <span class=\"_ _11\"> </span>S.L <span class=\"_ _11\"></span>constitu<span class=\"_ _15\"></span><span class=\"ls1c\">y\u00f3</span> <span class=\"_ _11\"></span>conjuntamente <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>terceras <span class=\"_ _11\"> </span>partes <span class=\"_ _11\"> </span>una Agrupaci\u00f3n de <span class=\"_ _1\"></span>Inter\u00e9s Econ\u00f3mico denominada Promotores<span class=\"_ _6\"></span> Atarfe <span class=\"_ _e\"></span>220 KV, AIE<span class=\"ls10\">, <span class=\"_ _1\"></span><span class=\"ls0_1\">con el <span class=\"_ _1\"></span>objeto de <span class=\"_ _1\"></span>obtener los </span></span>derechos <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>conexi\u00f3n <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>una <span class=\"_ _11\"></span>subestaci\u00f3n <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>conectar\u00e1 <span class=\"_ _11\"> </span>u<span class=\"_ _6\"></span>no <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>proy<span class=\"_ _6\"></span>ectos <span class=\"_ _11\"></span>fotovoltaicos <span class=\"_ _11\"> </span>en promoci\u00f3n. (V\u00e9ase nota<span class=\"_ _6\"></span> 1). En <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _11\"></span>2023 <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>complet\u00f3 <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>liquidaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>sociedad <span class=\"_ _11\"></span>Sierras <span class=\"_ _0\"></span>Calmas, <span class=\"_ _11\"> </span>S.A., <span class=\"_ _11\"></span>filial <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>omiciliada <span class=\"_ _11\"></span>en Uruguay e inactiva <span class=\"_ _6\"></span>en los \u00faltimos a\u00f1os<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>7.<span class=\"ff5 ls0_1\"> <span class=\"_ _f\"> </span><span class=\"ff3\">Cambio clim\u00e1tico y Acuerdo de Par\u00eds </span></span>Como <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>bas<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>modelo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>negocio <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>capital <span class=\"_ _15\"></span>nat<span class=\"_ _6\"></span>ural, <span class=\"_ _15\"></span>ENCE <span class=\"_ _15\"></span>es <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>sciente <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>exposici\u00f3n <span class=\"_ _15\"></span>a riesgos <span class=\"_ _1c\"> </span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _1b\"> </span>del <span class=\"_ _1c\"> </span>cambio <span class=\"_ _1b\"> </span>clim\u00e1tico. <span class=\"_ _1c\"> </span>Al <span class=\"_ _1b\"> </span>mismo <span class=\"_ _1c\"> </span>tiempo<span class=\"_ _6\"></span>, <span class=\"_ _1c\"> </span>ENCE <span class=\"_ _1b\"> </span>tambi\u00e9n <span class=\"_ _1c\"> </span>est\u00e1<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>con<span class=\"_ _6\"></span>vencida <span class=\"_ _1c\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1c\"> </span>las<span class=\"_ _33\"> </span>oportunidad<span class=\"_ _6\"></span>es que <span class=\"_ _6\"></span>trae cons<span class=\"_ _6\"></span>igo el reto <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>descarboniza<span class=\"_ _6\"></span>ci\u00f3n y <span class=\"_ _6\"></span>la transici\u00f3n <span class=\"_ _6\"></span>a un <span class=\"_ _6\"></span>modelo econ\u00f3mico <span class=\"_ _6\"></span>libre<span class=\"_ _6\"></span> de combustibles f\u00f3s<span class=\"_ _6\"></span>iles <span class=\"ls1c\">y </span>las incorpora <span class=\"_ _6\"></span>en su es<span class=\"_ _6\"></span>trategia de crecimiento. <span class=\"_ _6\"></span> Por  ello, <span class=\"_ _12\"> </span>para  ENCE  resulta  fundamental  e<span class=\"_ _1\"></span>l  an\u00e1lisis  de <span class=\"_ _12\"> </span>ri<span class=\"_ _6\"></span>esgos  y  oportunidades  deriv<span class=\"_ _1\"></span>ados  del <span class=\"_ _1a\"> </span>cambio clim\u00e1tico que pu<span class=\"_ _6\"></span>eden afectar <span class=\"_ _6\"></span>tanto a la compa\u00f1<span class=\"_ _6\"></span>\u00eda como a<span class=\"_ _6\"></span> su cadena <span class=\"_ _6\"></span>de valor. Para a<span class=\"_ _6\"></span>bordar este an<span class=\"_ _6\"></span>\u00e1lisis de forma <span class=\"_ _1c\"> </span>sistem\u00e1tica, <span class=\"_ _1b\"> </span>ENCE <span class=\"_ _1b\"> </span>adopt\u00f3 <span class=\"_ _1c\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>recomendaciones <span class=\"_ _1b\"> </span>del <span class=\"_ _1c\"> </span><span class=\"ff9\">Task <span class=\"_ _1b\"> </span>Force <span class=\"_ _1c\"> </span>on <span class=\"_ _1c\"> </span>Climate<span class=\"_ _6\"></span>-related<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>Financial </span>Disclosures<span class=\"ff4\"> (TCFD) d<span class=\"_ _6\"></span>el Consejo d<span class=\"_ _6\"></span>e Estabilid<span class=\"_ _6\"></span>ad Financiera (FSB). <span class=\"_ _6\"></span> </span>El <span class=\"_ _6\"></span>\u00f3rgano <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>gobierno <span class=\"_ _6\"></span>encarga<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>supervisi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>gesti\u00f3n d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>riesgos <span class=\"_ _6\"></span>derivados <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>clim\u00e1tico<span class=\"_ _6\"></span> es el <span class=\"_ _e\"></span>Consejo de Administraci\u00f3n de <span class=\"_ _e\"></span>ENCE quien, a<span class=\"_ _1\"></span> trav\u00e9s <span class=\"_ _e\"></span>de su <span class=\"_ _1\"></span>Comisi\u00f3n de <span class=\"_ _1\"></span>Auditor\u00eda, sup<span class=\"_ _1\"></span>ervisa los <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>istemas de identificaci\u00f3n <span class=\"_ _e\"></span>y gesti\u00f3n de <span class=\"_ _e\"></span>estos<span class=\"_ _6\"></span> riesgos <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>sus estrategias <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e m<span class=\"_ _1\"></span>itigaci\u00f3n, de <span class=\"_ _1\"></span>forma <span class=\"_ _1\"></span>integrada en el <span class=\"_ _e\"></span>Sistema de <span class=\"_ _0\"></span>Gesti\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Riesgos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>compa\u00f1\u00eda. <span class=\"_ _0\"></span>Es<span class=\"_ _6\"></span>tos <span class=\"_ _0\"></span>\u00f3rgano<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>encargan <span class=\"_ _0\"></span>asimismo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>sup<span class=\"_ _6\"></span>ervisar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>an<span class=\"_ _6\"></span>\u00e1lisis <span class=\"_ _0\"></span>de escenarios <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>horizontes <span class=\"_ _e\"></span>temporales <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>tilizados <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>evalu<span class=\"_ _6\"></span>aci\u00f3n, <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _e\"></span>como <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>infor<span class=\"_ _15\"></span>maci\u00f3n <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _a\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _e\"></span>reporta al mercado en esta materia. <span class=\"_ _6\"></span> La <span class=\"_ _6\"></span>Comisi\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Sos<span class=\"_ _6\"></span>tenibilidad <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>encarga <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span>blecer las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>metodolog\u00edas <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>acordar <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>pau<span class=\"_ _6\"></span>tas para <span class=\"_ _17\"> </span>el <span class=\"_ _1c\"> </span>an\u00e1lisis. <span class=\"_ _17\"> </span>A <span class=\"_ _1c\"> </span>nivel <span class=\"_ _17\"> </span>ejecutivo,<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>las <span class=\"_ _1c\"> </span>\u00e1reas <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>negocio, <span class=\"_ _17\"> </span>coordinad<span class=\"_ _6\"></span>as <span class=\"_ _17\"> </span>por <span class=\"_ _1c\"> </span>la <span class=\"_ _17\"> </span>Direcci\u00f3n <span class=\"_ _17\"> </span>General <span class=\"_ _17\"> </span>de<span class=\"_ _6\"></span> Sostenibilidad, <span class=\"_ _0\"></span>tra<span class=\"_ _6\"></span>bajan <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>identificaci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>priorizaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>oportunidades <span class=\"_ _0\"></span>espec\u00edficos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la definici\u00f3n de planes d<span class=\"_ _6\"></span>e mitigaci\u00f3n, as<span class=\"_ _6\"></span>\u00ed como en la evaluaci\u00f3n de los<span class=\"_ _6\"></span> impactos de los <span class=\"_ _15\"></span>riesgos en las variables operativas <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>bas<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>para <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>c\u00e1lculo <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>i<span class=\"_ _6\"></span>mpacto <span class=\"_ _12\"> </span>financ<span class=\"_ _6\"></span>iero <span class=\"_ _11\"> </span>de  e<span class=\"_ _1\"></span>stos <span class=\"_ _12\"> </span>riesgos. <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>funci\u00f3n  del <span class=\"_ _11\"> </span>impacto<span class=\"_ _6\"></span> financiero <span class=\"_ _10\"></span>estimado <span class=\"_ _10\"></span>tra<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>medidas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>mitigaci\u00f3n <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>compa\u00f1\u00eda <span class=\"_ _10\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>definido <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>c<span class=\"_ _6\"></span>ada <span class=\"_ _10\"></span>riesgo<span class=\"_ _15\"></span> <span class=\"_ _10\"></span>(riesgo neto), <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>determina el <span class=\"_ _e\"></span>nivel <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>riesgo <span class=\"_ _e\"></span>en l\u00ednea <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>nivel<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>establecidos <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>el m<span class=\"_ _1\"></span>apa <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>rie<span class=\"_ _6\"></span>sgos <span class=\"_ _1\"></span>corporativo. Respecto <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>medidas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>mitigaci\u00f3n, <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>aloraci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>riesgo <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>asumen <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ejecutan <span class=\"_ _10\"></span>to<span class=\"_ _6\"></span>das <span class=\"_ _10\"></span>las medidas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mitigaci\u00f3n <span class=\"_ _0\"></span>previs<span class=\"_ _6\"></span>tas <span class=\"_ _0\"></span>(tan<span class=\"_ _6\"></span>to <span class=\"_ _0\"></span>aquellas <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>ya <span class=\"_ _0\"></span>cuentan <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _0\"></span>compro<span class=\"_ _6\"></span>metida <span class=\"_ _0\"></span>como otras <span class=\"_ _6\"></span>medidas p<span class=\"_ _6\"></span>revistas <span class=\"_ _6\"></span>a corto, <span class=\"_ _6\"></span>medio y <span class=\"_ _6\"></span>largo <span class=\"_ _6\"></span>plazo)<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>La im<span class=\"_ _6\"></span>plementaci\u00f3n de <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span>s medidas<span class=\"_ _6\"></span> est\u00e1 <span class=\"_ _6\"></span>sujeta <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la aprobaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>correspondientes <span class=\"_ _0\"></span>propuestas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>parte <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Consejo <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>Administraci\u00f3n <span class=\"_ _10\"></span>de Ence.  ENCE <span class=\"_ _1e\"> </span>ha <span class=\"_ _17\"> </span>seleccionado <span class=\"_ _1e\"> </span>distin<span class=\"_ _6\"></span>tos <span class=\"_ _1e\"> </span>escenarios<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>tanto <span class=\"_ _1e\"> </span>f\u00edsicos<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>como <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>transici\u00f3n <span class=\"_ _1e\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>diferentes <span class=\"_ _1e\"> </span>h<span class=\"_ _6\"></span>orizontes temporales <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>analizar <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>impacto <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>riesgos <span class=\"_ _10\"></span>clim\u00e1tic<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>modelo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>negocio <span class=\"_ _10\"></span>(para <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _10\"></span>detalle sobre los escenarios<span class=\"_ _6\"></span> y horizontes temporales utilizados<span class=\"_ _6\"></span>, consultar la secci\u00f3n \u201c<span class=\"_ _15\"></span><span class=\"ff4\">Cambio Clim\u00e1tico</span>\u201d<span class=\"_ _6\"></span> del Estado de <span class=\"_ _15\"></span>Informaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>No <span class=\"_ _10\"></span>Finan<span class=\"_ _6\"></span>ciera). <span class=\"_ _10\"></span>A <span class=\"_ _15\"></span>contin<span class=\"_ _6\"></span>uaci\u00f3n, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>describen <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>riesgos <span class=\"_ _10\"></span>analizados <span class=\"_ _10\"></span>identificando <span class=\"_ _10\"></span>aquellos con un mayor <span class=\"_ _6\"></span>nivel de riesgo<span class=\"_ _6\"></span><span class=\"ls24\">: </span> Entre los r<span class=\"_ _6\"></span>iesgos f\u00edsicos que Ence h<span class=\"_ _6\"></span>a identificado se encu<span class=\"_ _6\"></span>entran los siguientes:<span class=\"_ _15\"></span> Riesgos f\u00edsicos cr\u00f3n<span class=\"_ _6\"></span>icos Los  principales <span class=\"_ _12\"> </span>riesgos  de <span class=\"_ _12\"> </span>esta  categor\u00eda <span class=\"_ _12\"> </span>que  ENCE  ha <span class=\"_ _12\"> </span>id<span class=\"_ _6\"></span>entificado  son <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>ca<span class=\"_ _6\"></span>mbio  en <span class=\"_ _12\"> </span>los  patrones  de precipitaci\u00f3n <span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>temperatura <span class=\"_ _11\"> </span>que <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>udiera <span class=\"_ _0\"></span>conllevar <span class=\"_ _11\"> </span>una <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>isminuci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>disponibilidad <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>madera <span class=\"_ _11\"></span>y variabilidad  de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>pro<span class=\"_ _6\"></span>ductividad  de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>plan<span class=\"_ _6\"></span>taciones,  el <span class=\"_ _12\"> </span>impacto <span class=\"_ _12\"> </span>en  el <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>atrimonio  por  la <span class=\"_ _12\"> </span>redu<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e crecimiento de <span class=\"ff9\">E. glo<span class=\"_ _6\"></span>bulus</span> en el sur de la p<span class=\"_ _6\"></span>en\u00ednsula, el impacto del cambio clim\u00e1tico en la dis<span class=\"_ _6\"></span>ponibilidad de<span class=\"_ _6\"></span> la biomasa <span class=\"_ _1\"></span>y e<span class=\"_ _1\"></span>l me<span class=\"_ _1\"></span>nor rendimiento <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e los <span class=\"_ _e\"></span>equipos por <span class=\"_ _1\"></span>aumento de <span class=\"_ _e\"></span>la temperatura. <span class=\"_ _1\"></span>En el <span class=\"_ _e\"></span>ejercicio de an\u00e1lisis de <span class=\"_ _15\"></span>riesgos, <span class=\"_ _10\"></span>estos <span class=\"_ _10\"></span>riesgos <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _15\"></span>estu<span class=\"_ _6\"></span>diado <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>detalle <span class=\"_ _15\"></span>y, <span class=\"_ _10\"></span>te<span class=\"_ _6\"></span>niendo <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>cuenta <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>medidas <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mitigaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> marcha o previstas<span class=\"_ _6\"></span>, se han descartado co<span class=\"_ _6\"></span>mo riesgos <span class=\"_ _6\"></span>cr\u00edticos. Riesgos f\u00edsicos agu<span class=\"_ _6\"></span>dos Los <span class=\"_ _11\"> </span>riesgos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>esta <span class=\"_ _11\"> </span>categor\u00eda <span class=\"_ _11\"> </span>identificados <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>an\u00e1lisis<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>riesgos <span class=\"_ _11\"> </span>han <span class=\"_ _11\"> </span>sido <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>menor <span class=\"_ _11\"> </span>rendimiento <span class=\"_ _11\"> </span>del<span class=\"_ _6\"></span> personal <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>episod<span class=\"_ _6\"></span>ios <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>calor <span class=\"_ _12\"> </span>extremo,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>a<span class=\"_ _6\"></span>fecci\u00f3n <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>integridad<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>estructural <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>l<span class=\"_ _6\"></span>as <span class=\"_ _12\"> </span>biof\u00e1bricas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>or inundaciones,<span class=\"_ _6\"></span>  el <span class=\"_ _12\"> </span>aumento  de  la <span class=\"_ _12\"> </span>incidencia  de  incendios  en <span class=\"_ _12\"> </span>el  patrimonio  forestal<span class=\"_ _6\"></span><span class=\"ls10\">,  </span>la  reducci\u00f3n  de <span class=\"_ _12\"> </span>la disponibilidad<span class=\"_ _6\"></span> de los recursos h\u00eddricos<span class=\"_ _6\"></span> y<span class=\"_ _6\"></span> el aumento de la salinidad<span class=\"_ _6\"></span> en la biof\u00e1brica d<span class=\"_ _6\"></span>e Navia.<span class=\"_ _33\"> </span>Tras <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>an\u00e1lis<span class=\"_ _6\"></span>is, <span class=\"_ _10\"></span>teniendo <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>cuenta <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>medidas <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>mitigaci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>marcha <span class=\"_ _10\"></span>o <span class=\"_ _0\"></span>previstas, <span class=\"_ _0\"></span>se <span class=\"_ _15\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>descartad<span class=\"_ _6\"></span>o como riesgos cr\u00edticos. <span class=\"_ _6\"></span> Cabe <span class=\"_ _6\"></span>destacar <span class=\"_ _15\"></span>que, <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>relaci\u00f3n <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>riesgo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>reducci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>ponibilidad <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>recursos <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>\u00eddricos, <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>te riesgo se materializ\u00f3 <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>biof\u00e1brica <span class=\"_ _6\"></span>de Pontevedra<span class=\"_ _6\"></span>. En <span class=\"_ _6\"></span>ese momento,<span class=\"_ _6\"></span> la instalaci\u00f3n<span class=\"_ _6\"></span> s<span class=\"_ _6\"></span>e vio temporalmente<span class=\"_ _6\"></span> expuesta a <span class=\"_ _1\"></span>este riesgo <span class=\"_ _e\"></span>dad<span class=\"_ _6\"></span>o que <span class=\"_ _e\"></span>la falta de <span class=\"_ _e\"></span>precipitacion<span class=\"_ _6\"></span>es, unida a <span class=\"_ _e\"></span>las altas <span class=\"_ _1\"></span>temperaturas registradas en <span class=\"_ _e\"></span>los meses de <span class=\"_ _e\"></span>verano,<span class=\"_ _6\"></span> redujeron <span class=\"_ _1\"></span>el caudal de <span class=\"_ _e\"></span>r\u00edo L\u00e9rez, <span class=\"_ _1\"></span>del que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e abastece <span class=\"_ _e\"></span>la b<span class=\"_ _6\"></span>iof\u00e1brica. Para asegurar <span class=\"_ _e\"></span>el caudal ecol\u00f3gico <span class=\"_ _11\"></span>y <span class=\"_ _11\"></span>priorizar <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>abastecimiento <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>poblaci\u00f3n, <span class=\"_ _12\"> </span>ENCE <span class=\"_ _11\"> </span>detuvo <span class=\"_ _11\"> </span>temporalmente <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>act<span class=\"_ _6\"></span>ividad <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>la planta, <span class=\"_ _15\"></span>has<span class=\"_ _6\"></span>ta <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>normaliz\u00f3 <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>situ<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>caudal <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span>l <span class=\"_ _15\"></span>r\u00edo<span class=\"_ _15\"></span>. <span class=\"_ _15\"></span>En <span class=\"_ _15\"></span>ese <span class=\"_ _15\"></span>momento<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>ENCE<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>puso <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>marcha <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>n proyecto  piloto  para <span class=\"_ _12\"> </span>la  recirculaci\u00f3n  del <span class=\"_ _12\"> </span>eflu<span class=\"_ _6\"></span>ente  de <span class=\"_ _12\"> </span>la  propia  instalaci\u00f3n  y  la <span class=\"_ _12\"> </span>regeneraci\u00f3n  del  agua procedente <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>efluente <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>EDAR <span class=\"_ _6\"></span>municipal <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>r\u00f3xima <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la p<span class=\"_ _6\"></span>lanta. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>2023, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>finaliz\u00f3 <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>royecto <span class=\"_ _6\"></span>piloto <span class=\"_ _6\"></span>y desde <span class=\"_ _1\"></span>entonces se <span class=\"_ _e\"></span>est\u00e1 avanzado <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>ingenier\u00eda <span class=\"_ _e\"></span>y la <span class=\"_ _e\"></span>tramitaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>permisos para <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>royecto <span class=\"_ _1\"></span>industrial definitivo. <span class=\"_ _6\"></span>La <span class=\"_ _15\"></span>soluci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>propuesta <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>asa <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ometer <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>efluentes <span class=\"_ _6\"></span>de<span class=\"_ _15\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>planta <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>agua <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>efluente <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>a EDAR a un tratamiento de \u00f3smosis inversa para alcanzar una calidad de agua suficie<span class=\"_ _1\"></span>nte para incorporarla al proceso industrial. <span class=\"_ _e\"></span>Con<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>esta <span class=\"_ _e\"></span>soluci\u00f3n, pionera <span class=\"_ _e\"></span>en el <span class=\"_ _e\"></span>sector, ENCE conseguir\u00e1 <span class=\"_ _1\"></span>reducir <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>ependencia <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>agua del <span class=\"_ _e\"></span>r\u00edo <span class=\"_ _1\"></span>L\u00e9rez <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>periodos <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>sequ<span class=\"_ _6\"></span>\u00eda <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>escasez <span class=\"_ _e\"></span>en los <span class=\"_ _a\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>r\u00edo no <span class=\"_ _e\"></span>alcance <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>cau<span class=\"_ _6\"></span>dal <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>ecesario <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>uministrar agua <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>planta<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Gracias <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>medidas <span class=\"_ _15\"></span>ya <span class=\"_ _6\"></span>implementadas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span><span class=\"ls1c\">y <span class=\"_ _6\"></span></span>que <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>implementar\u00e1n <span class=\"_ _15\"></span>progresivamente <span class=\"_ _15\"></span>hasta finales del a\u00f1o 2026, <span class=\"_ _6\"></span>se consigue b<span class=\"_ _6\"></span>ajar el nivel de este ries<span class=\"_ _6\"></span>go por d<span class=\"_ _6\"></span>ebajo del umbral de criticidad<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> Los <span class=\"_ _11\"></span>principales <span class=\"_ _0\"></span>rie<span class=\"_ _6\"></span>sgos <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>transici\u00f3n <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>nce <span class=\"_ _11\"></span>ha <span class=\"_ _0\"></span>iden<span class=\"_ _6\"></span>tificado <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>lasifican <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>tres <span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>ategor\u00edas: <span class=\"_ _11\"></span>riesgos regulatorios actuales, ries<span class=\"_ _6\"></span>gos de m<span class=\"_ _6\"></span>ercado y riesgos regulatorios futu<span class=\"_ _6\"></span>ros:<span class=\"_ _6\"></span> Riesgos por regulaci\u00f3n a<span class=\"_ _6\"></span>ctual En <span class=\"_ _e\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>categor\u00eda <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>incluy<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>el riesgo <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>incr<span class=\"_ _6\"></span>emento <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>precios <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>derechos de <span class=\"_ _a\"></span>emisi<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>esquema europeo <span class=\"_ _1a\"> </span>de <span class=\"_ _12\"> </span>comercio  de <span class=\"_ _12\"> </span>emisiones  (EU-ETS). <span class=\"_ _12\"> </span>Tras  el <span class=\"_ _12\"> </span>an\u00e1lisis,<span class=\"_ _6\"></span>  el <span class=\"_ _11\"> </span>impacto<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>directo  de <span class=\"_ _12\"> </span>este  rie<span class=\"_ _1\"></span>sgo  se <span class=\"_ _12\"> </span>ha considerado <span class=\"_ _15\"></span>cr\u00edtico <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>compa\u00f1\u00eda, <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>continuaci\u00f3n <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>detalla <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>descripci\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>medidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de mitigaci\u00f3n puestas<span class=\"_ _6\"></span> en marcha por E<span class=\"_ _6\"></span>nce para reducir su<span class=\"_ _6\"></span> potencial <span class=\"_ _6\"></span>criticidad. De <span class=\"_ _6\"></span>manera <span class=\"_ _15\"></span>dir<span class=\"_ _6\"></span>ecta, <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>aumen<span class=\"_ _6\"></span>to <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>costes <span class=\"_ _15\"></span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>variaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>precios <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>derechos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>emisi\u00f3n <span class=\"_ _15\"></span>en EU ETS <span class=\"_ _6\"></span>podr\u00eda <span class=\"_ _6\"></span>suponer <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>incremento en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>costes <span class=\"_ _6\"></span>de adquisici\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>derechos. Pa<span class=\"_ _6\"></span>ra la <span class=\"_ _6\"></span>evaluaci\u00f3n <span class=\"_ _6\"></span>de es<span class=\"_ _6\"></span>te riesgo <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>evaluado <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>ins<span class=\"_ _6\"></span>talaciones <span class=\"_ _10\"></span>incluida<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>comercio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>derechos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>(Lucena, <span class=\"_ _10\"></span>Nav<span class=\"_ _6\"></span>ia <span class=\"_ _15\"></span>y Pontevedra). E<span class=\"_ _6\"></span>l impacto <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>ha calculado <span class=\"_ _6\"></span>teniendo <span class=\"_ _6\"></span>en cuenta <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>estimaciones <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>la evoluci\u00f3n <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>recios y <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>estimaciones <span class=\"_ _10\"></span>internas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Ence <span class=\"_ _10\"></span>sob<span class=\"_ _6\"></span>re <span class=\"_ _15\"></span>la <span class=\"_ _0\"></span>evoluci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>emisiones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cada <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>talaci\u00f3n, <span class=\"_ _11\"></span>teniendo <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> cuenta el <span class=\"_ _e\"></span>plan<span class=\"_ _6\"></span> de <span class=\"_ _e\"></span>descarb<span class=\"_ _6\"></span>onizaci\u00f3n de la <span class=\"_ _e\"></span>compa\u00f1\u00eda<span class=\"_ _6\"></span> y vida <span class=\"_ _1\"></span>\u00fatil de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> instalaciones. En el <span class=\"_ _e\"></span>corto y me<span class=\"_ _1\"></span>dio plazo, el nivel de riesgo est\u00e1 po<span class=\"_ _6\"></span>r debajo del umbral de criticidad, sin embargo, e<span class=\"_ _6\"></span>l impacto s<span class=\"_ _6\"></span>e incrementa a lo largo del <span class=\"_ _0\"></span>tiempo <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ebido <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>aumento <span class=\"_ _11\"></span>paulatino <span class=\"_ _0\"></span>previs<span class=\"_ _6\"></span>to <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>precio <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>CO<span class=\"_ _33\"> </span>2 <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>isminuci\u00f3n <span class=\"_ _11\"></span>progresiva <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la asignaci\u00f3n <span class=\"_ _10\"></span>gratuita <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>derechos <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>emisi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>asta <span class=\"_ _15\"></span>2030, <span class=\"_ _10\"></span>momento <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>que <span class=\"_ _10\"></span>cesar\u00e1 <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>ignaci\u00f3n <span class=\"_ _15\"></span>grat<span class=\"_ _6\"></span>uita<span class=\"_ _6\"></span> alcanzando en el largo<span class=\"_ _6\"></span> plazo un niv<span class=\"_ _6\"></span>el de riesgo p<span class=\"_ _6\"></span>otencialmente cr\u00edtico.<span class=\"_ _6\"></span> De manera indirecta, e<span class=\"_ _1\"></span>l aumento del coste de lo<span class=\"_ _1\"></span>s derechos de <span class=\"_ _1\"></span>emisi\u00f3n podr\u00eda suponer una mayor demanda de <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>rujillo <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>parte <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>cem<span class=\"_ _6\"></span>enteras <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>otra<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>industrias <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>necesiten <span class=\"_ _15\"></span>reducir<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>sus <span class=\"_ _15\"></span>emisiones. <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>ste <span class=\"_ _15\"></span>aumento<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>demanda <span class=\"_ _15\"></span>podr\u00eda <span class=\"_ _15\"></span>traducirs<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>aumento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pre<span class=\"_ _6\"></span>cio <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>orujillo <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>menor <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>ponib<span class=\"_ _6\"></span>ilidad <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>\u00e9ste para el <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>sumo en <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> plantas <span class=\"_ _1\"></span>de energ\u00eda. <span class=\"_ _e\"></span>El impacto indirecto se <span class=\"_ _e\"></span>ha estimado mediante un <span class=\"_ _1\"></span>an\u00e1lisis interno con <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>revisiones <span class=\"_ _11\"> </span>del <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>oru<span class=\"_ _6\"></span>jillo <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>necesidad<span class=\"_ _6\"></span>es <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>principales <span class=\"_ _11\"> </span>plantas<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>depe<span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>dientes <span class=\"_ _11\"></span>del orujillo. <span class=\"_ _6\"></span>Lo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltados <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>an\u00e1lisis <span class=\"_ _15\"></span>prev\u00e9n <span class=\"_ _15\"></span>una <span class=\"_ _6\"></span>regulariz<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>precio <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>orujillo <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>consecuencia <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e un au<span class=\"_ _6\"></span>mento de <span class=\"_ _6\"></span>disponibilidad <span class=\"_ _6\"></span>debido a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>buena previs<span class=\"_ _6\"></span>i\u00f3n de las <span class=\"_ _6\"></span>campa\u00f1as<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>aceituna <span class=\"_ _6\"></span>arrojando <span class=\"_ _6\"></span>un valor de riesgo por debajo d<span class=\"_ _6\"></span>el umbral de criticidad.<span class=\"_ _6\"></span> Adem\u00e1s de los riesgos<span class=\"_ _6\"></span> relacionados co<span class=\"_ _6\"></span>n el precio del CO<span class=\"_ _33\"> </span>2<span class=\"_ _33\"> </span>, en esta ca<span class=\"_ _6\"></span>tegor\u00eda tambi\u00e9n se han identificad<span class=\"_ _6\"></span>o los riesgos relacionados<span class=\"_ _6\"></span> por la competencia de los recursos h<span class=\"_ _6\"></span>\u00eddricos. Para analizar este riesgo, en<span class=\"_ _6\"></span> el caso de las biof\u00e1bricas se ha <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>siderado un <span class=\"_ _1\"></span>escenario hipot\u00e9tico <span class=\"_ _1\"></span>de reducci\u00f3n <span class=\"_ _1\"></span>de la <span class=\"_ _e\"></span>can<span class=\"_ _6\"></span>tidad de <span class=\"_ _1\"></span>agua dis<span class=\"_ _6\"></span>ponible de <span class=\"_ _e\"></span>los r\u00edos  de <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _1a\"> </span>que <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>ab<span class=\"_ _6\"></span>astecen  actualmente,  e<span class=\"_ _1\"></span>n <span class=\"_ _1a\"> </span>cuyo  caso <span class=\"_ _12\"> </span>ENCE  tendr\u00eda <span class=\"_ _12\"> </span>que  aumentar  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>o  de <span class=\"_ _11\"> </span>agu<span class=\"_ _6\"></span>a<span class=\"_ _6\"></span> regenerada, <span class=\"_ _11\"> </span>con <span class=\"_ _11\"></span>un <span class=\"_ _0\"></span>mayo<span class=\"_ _6\"></span>r <span class=\"_ _11\"></span>coste <span class=\"_ _11\"></span>asociado. <span class=\"_ _11\"></span>Como <span class=\"_ _0\"></span>resulta<span class=\"_ _6\"></span>do <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>an\u00e1lisis <span class=\"_ _11\"></span>y, <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>siderando <span class=\"_ _11\"></span>las <span class=\"_ _12\"> </span>medidas<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de<span class=\"_ _33\"> </span>reducci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>agua <span class=\"_ _6\"></span>previs<span class=\"_ _6\"></span>tas, el <span class=\"_ _6\"></span>nivel <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>riesgo <span class=\"_ _6\"></span>neto <span class=\"_ _6\"></span>resultante <span class=\"_ _6\"></span>est\u00e1 <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>debajo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el umbral <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>criticidad. <span class=\"_ _15\"></span>En el <span class=\"_ _6\"></span>cas<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>plan<span class=\"_ _6\"></span>tas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>energ\u00eda, <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ha <span class=\"_ _10\"></span>identificado <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>otencial <span class=\"_ _15\"></span>riesgo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>co<span class=\"_ _6\"></span>mpetencia <span class=\"_ _10\"></span>por <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>agu<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> Planta de Huelva,<span class=\"_ _6\"></span> pero el resultado d<span class=\"_ _6\"></span>el an<span class=\"_ _6\"></span>\u00e1lisis tambi\u00e9n p<span class=\"_ _6\"></span>rev\u00e9 un impacto inferior al n<span class=\"_ _6\"></span>ivel de criticidad. <span class=\"_ _15\"></span> Riesgos de mercado<span class=\"_ _6\"></span> En <span class=\"_ _12\"> </span>esta  categor\u00eda <span class=\"_ _11\"> </span>se  incluye<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>los  rie<span class=\"_ _1\"></span>sgos <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>incremento<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>materias<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>primas  (e<span class=\"_ _1\"></span>specialmente aquellas <span class=\"_ _0\"></span>electrointensivas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>incluidas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>esquema <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>omercio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>derecho<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emis<span class=\"_ _6\"></span>i\u00f3n)<span class=\"_ _15\"></span><span class=\"ls10\">, <span class=\"_ _0\"></span></span>el <span class=\"_ _0\"></span>potencial encarecimiento <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>y <span class=\"_ _1e\"> </span>riesgo <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>au<span class=\"_ _6\"></span>mento <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>recio <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>biomasa <span class=\"_ _1e\"> </span>como consecuencia  del  incre<span class=\"_ _6\"></span>mento  en<span class=\"_ _6\"></span>  la  comp<span class=\"_ _6\"></span>etencia  por  <span class=\"ls21\">su</span> <span class=\"_ _18\"> </span>suministro.  Esto<span class=\"_ _6\"></span>s  riesgos  se  h<span class=\"_ _6\"></span>an  analizad<span class=\"_ _6\"></span>o  y considerado n<span class=\"_ _6\"></span>o cr\u00edticos.  Riesgos por nu<span class=\"_ _6\"></span>eva regulaci\u00f3n<span class=\"_ _6\"></span> En e<span class=\"_ _1\"></span>sta categor\u00eda <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>incluyen los <span class=\"_ _e\"></span>riesgos de <span class=\"_ _e\"></span>encarecimiento de <span class=\"_ _e\"></span>los costes <span class=\"_ _e\"></span>log\u00eds<span class=\"_ _6\"></span>ticos por<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>inclusi\u00f3n <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ector log\u00edstico <span class=\"_ _6\"></span>mar\u00edtimo <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>r\u00e9gimen <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>comercio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>emisiones<span class=\"_ _6\"></span>,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>otenciales <span class=\"_ _6\"></span>cambios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>regulatorios <span class=\"_ _15\"></span>(como <span class=\"_ _6\"></span>el endurecimiento <span class=\"_ _18\"> </span>de  los <span class=\"_ _18\"> </span>criterios <span class=\"_ _18\"> </span>de  so<span class=\"_ _6\"></span>stenibilidad <span class=\"_ _18\"> </span>para <span class=\"_ _18\"> </span>la  biomasa <span class=\"_ _18\"> </span>en  la <span class=\"_ _18\"> </span>nueva <span class=\"_ _18\"> </span>directiva <span class=\"_ _18\"> </span>de  energ\u00edas<span class=\"_ _6\"></span> renovables) <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>aumento <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>agua <span class=\"_ _10\"></span>derivad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>pol\u00edticas <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>marcos <span class=\"_ _10\"></span>normativos <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>prev<span class=\"_ _6\"></span>ean <span class=\"_ _10\"></span>un aumento del <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>recurs<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>h\u00eddrico en <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>contexto <span class=\"_ _6\"></span>actu<span class=\"_ _6\"></span>al creciente <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>escasez <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>agua.<span class=\"_ _15\"></span> <span class=\"_ _6\"></span>Tras el <span class=\"_ _6\"></span>an\u00e1lisis de  los <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>otenciales  impactos <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span>,  considerando  las <span class=\"_ _12\"> </span>medidas<span class=\"_ _6\"></span>  de <span class=\"_ _12\"> </span>mitigaci\u00f3n  que  ENCE  tiene <span class=\"_ _12\"> </span>en  marcha  <span class=\"ls25\">o </span>previstas,<span class=\"_ _6\"></span> ninguno de estos riesgos s<span class=\"_ _6\"></span>e considera <span class=\"_ _6\"></span>cr\u00edtico. Oportunidad<span class=\"_ _6\"></span>es Aun <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iendo <span class=\"_ _6\"></span>consciente <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>riesgos, <span class=\"_ _15\"></span>ENCE <span class=\"_ _6\"></span>entiend<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>adaptaci\u00f3n <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>cambio <span class=\"_ _15\"></span>clim\u00e1tico, <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>concreto<span class=\"_ _6\"></span> la <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>nsici\u00f3n <span class=\"_ _10\"></span>hacia <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>econom\u00eda <span class=\"_ _15\"></span>b<span class=\"_ _6\"></span>aja <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>emisiones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>carbono <span class=\"_ _10\"></span>presenta <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _10\"></span>oportunidades <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>riesgos para  la  compa\u00f1<span class=\"_ _6\"></span>\u00eda.  Las  principales <span class=\"_ _18\"> </span>oportunidades  que  ENCE  h<span class=\"_ _6\"></span>a  identificado  y  en  las  cuales  centra<span class=\"_ _6\"></span>  su estrategia de crecimiento a<span class=\"_ _6\"></span> futuro s<span class=\"_ _6\"></span>on: 1.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Crecimiento <span class=\"_ _6\"></span>en en<span class=\"_ _6\"></span>erg\u00edas <span class=\"_ _6\"></span>renovab<span class=\"_ _6\"></span>les: el impuls<span class=\"_ _6\"></span>o qu<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>Uni\u00f3n E<span class=\"_ _6\"></span>uropea <span class=\"_ _6\"></span>est\u00e1 ofreciendo <span class=\"_ _6\"></span>al d<span class=\"_ _6\"></span>espliegue de </span></span>las <span class=\"_ _10\"></span>energ\u00edas <span class=\"_ _10\"></span>limpias <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>traduce <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>objetivos <span class=\"_ _10\"></span>cada <span class=\"_ _10\"></span>vez <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _10\"></span>ambicios<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>generaci\u00f3n <span class=\"_ _10\"></span>renovab<span class=\"_ _6\"></span>le supone una oportunidad<span class=\"_ _6\"></span> para <span class=\"_ _1\"></span>ENCE, por lo que la compa\u00f1\u00eda <span class=\"_ _1\"></span>ha incluido en<span class=\"_ _6\"></span> su estrategia de cre<span class=\"_ _1\"></span>cimiento<span class=\"_ _6\"></span> la generaci\u00f3n de energ\u00eda reno<span class=\"_ _6\"></span>vable.<span class=\"_ _6\"></span> 2.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Descarboniza<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>sectore<span class=\"_ _6\"></span>s <span class=\"_ _1e\"> </span>poco <span class=\"_ _1e\"> </span>electrificables: <span class=\"_ _18\"> </span>la <span class=\"_ _1e\"> </span>de<span class=\"_ _6\"></span>scarbonizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>aqu<span class=\"_ _6\"></span>ellas <span class=\"_ _18\"> </span>actividad<span class=\"_ _6\"></span>es <span class=\"_ _18\"> </span>o<span class=\"_ _6\"></span> </span></span>sectores <span class=\"_ _1c\"> </span>que <span class=\"_ _17\"> </span>act<span class=\"_ _6\"></span>ualmente <span class=\"_ _1c\"> </span>utilizan <span class=\"_ _1c\"> </span>combustibles <span class=\"_ _1c\"> </span>f\u00f3siles <span class=\"_ _1c\"> </span>como <span class=\"_ _17\"> </span>el <span class=\"_ _1c\"> </span>gas <span class=\"_ _1c\"> </span>natural <span class=\"_ _1c\"> </span>y <span class=\"_ _1c\"> </span>son <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>if\u00edcilmente electrificables <span class=\"_ _18\"> </span>es  un<span class=\"_ _6\"></span>a  op<span class=\"_ _6\"></span>ortunidad <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>ENCE <span class=\"_ _18\"> </span>quiere  ap<span class=\"_ _6\"></span>rovechar <span class=\"_ _18\"> </span>a  tra<span class=\"_ _6\"></span>v\u00e9s <span class=\"_ _18\"> </span>de  Ence <span class=\"_ _18\"> </span>Biog\u00e1s <span class=\"_ _18\"> </span>para <span class=\"_ _18\"> </span>la producci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>gas <span class=\"_ _11\"> </span>renovab<span class=\"_ _6\"></span>le <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"> </span>puede <span class=\"_ _11\"> </span>reemplazar <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>estos <span class=\"_ _11\"> </span>combus<span class=\"_ _6\"></span>tibles. <span class=\"_ _11\"> </span>Ence <span class=\"_ _11\"> </span>Biog\u00e1s <span class=\"_ _11\"> </span>tiene <span class=\"_ _11\"></span>como objetivo <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>transformaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>res<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>agroganad<span class=\"_ _6\"></span>eros <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>gas <span class=\"_ _6\"></span>renov<span class=\"_ _6\"></span>able <span class=\"_ _6\"></span>(biometano) <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>su <span class=\"_ _6\"></span>inyecci\u00f3n <span class=\"_ _15\"></span>a la red, lo que permitir\u00e1 av<span class=\"_ _6\"></span>anzar <span class=\"_ _6\"></span>en la descarb<span class=\"_ _6\"></span>onizaci\u00f3n de sectores dif\u00edcil<span class=\"_ _6\"></span>mente electrific<span class=\"_ _6\"></span>ables.<span class=\"_ _6\"></span> 3.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Demanda de <span class=\"_ _e\"></span>calor industrial <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>baja emisi\u00f3n: <span class=\"_ _e\"></span>en el <span class=\"_ _e\"></span>contexto de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>descarbonizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de aquellos <span class=\"_ _e\"></span>sectores </span></span>industriales dif\u00edci<span class=\"_ _1\"></span>lmente <span class=\"_ _e\"></span>electrificables,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ENCE no <span class=\"_ _e\"></span>s\u00f3lo <span class=\"_ _e\"></span>quiere <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>rovechar <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>oportu<span class=\"_ _6\"></span>nidad <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la producci\u00f3n de biog\u00e1s, sino <span class=\"_ _e\"></span>tambi\u00e9n la producci\u00f3n <span class=\"_ _1\"></span>de calor <span class=\"_ _e\"></span>ind<span class=\"_ _6\"></span>ustrial renovable, ya que <span class=\"_ _e\"></span>su experiencia e<span class=\"_ _1\"></span>n gesti\u00f3n <span class=\"_ _1\"></span>de instalaciones de biomasa <span class=\"_ _e\"></span>la sit\u00faa en <span class=\"_ _e\"></span>un<span class=\"_ _6\"></span>a posici\u00f3n <span class=\"_ _1\"></span>privilegiada para <span class=\"_ _1\"></span>convertirse en <span class=\"_ _e\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>actor <span class=\"_ _1\"></span>de re<span class=\"_ _1\"></span>ferencia en <span class=\"_ _10\"></span>este <span class=\"_ _0\"></span>\u00e1mbito. <span class=\"_ _0\"></span>A <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Magnon<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>Servicios<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>nerg\u00e9ticos, <span class=\"_ _0\"></span>Ence <span class=\"_ _0\"></span>ofrece <span class=\"_ _10\"></span>soluciones<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>integrales<span class=\"_ _15\"></span> <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>la descarbonizaci\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _e\"></span>la industria, desarrollando in<span class=\"_ _1\"></span>stalaciones de <span class=\"_ _e\"></span>b<span class=\"_ _6\"></span>iomasa para la <span class=\"_ _e\"></span>sustituci\u00f3n calderas de combustibles <span class=\"_ _15\"></span>f\u00f3siles <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>permiti<span class=\"_ _6\"></span>endo <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>clientes <span class=\"_ _6\"></span>reducir<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>emisiones <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>costes<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>vinculad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los derechos de emisi\u00f3n. <span class=\"_ _6\"></span> 4.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Compensaci\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>emisiones<span class=\"_ _6\"></span>: <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>l\u00ednea <span class=\"_ _1e\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>hoja <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>ruta <span class=\"_ _17\"> </span>marcada <span class=\"_ _1e\"> </span>por <span class=\"_ _17\"> </span>Europa, <span class=\"_ _17\"> </span>cada <span class=\"_ _1e\"> </span>vez <span class=\"_ _1e\"> </span>m\u00e1s </span></span>organizaciones <span class=\"_ _f\"> </span>asumen <span class=\"_ _f\"> </span>compromisos <span class=\"_ _f\"> </span>de <span class=\"_ _f\"> </span>neutralidad <span class=\"_ _23\"> </span>en <span class=\"_ _f\"> </span>carbono <span class=\"_ _f\"> </span>que <span class=\"_ _f\"> </span>s\u00f3lo <span class=\"_ _23\"> </span>podr\u00e1n <span class=\"_ _f\"> </span>alcanzar compensando aquellas emisiones que no han sido capaces de re<span class=\"_ _1\"></span>ducir. En este context<span class=\"_ _6\"></span>o, como principal<span class=\"_ _33\"> </span>gestor forestal <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>rivado de <span class=\"_ _e\"></span>Espa\u00f1a, ENCE tiene <span class=\"_ _e\"></span>una magn\u00edfica <span class=\"_ _1\"></span>oportunidad para <span class=\"_ _e\"></span>desar<span class=\"_ _6\"></span>rollar <span class=\"_ _1\"></span>sumideros de carbono <span class=\"_ _6\"></span>y comercializar <span class=\"_ _6\"></span>estos <span class=\"_ _6\"></span>cr\u00e9ditos <span class=\"_ _6\"></span>de compensaci\u00f3<span class=\"_ _6\"></span>n. D<span class=\"_ _6\"></span>e hecho, <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cierre de <span class=\"_ _6\"></span>2024, E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>con 59 <span class=\"_ _11\"> </span>proyectos <span class=\"_ _12\"> </span>registrados <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>Oficina <span class=\"_ _11\"> </span>Esp<span class=\"_ _6\"></span>a\u00f1ola <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>Cam<span class=\"_ _6\"></span>bio <span class=\"_ _12\"> </span>Clim\u00e1tico <span class=\"_ _12\"> </span>(OECC) <span class=\"_ _11\"> </span>con  m<span class=\"_ _1\"></span>\u00e1s <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>3.740 <span class=\"_ _11\"> </span>ha<span class=\"_ _6\"></span> registradas como s<span class=\"_ _6\"></span>umideros forestales.<span class=\"_ _6\"></span> 5.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span></span><span class=\"ls26\">CO<span class=\"_ _33\"> </span></span>2 <span class=\"_ _15\"></span>biog\u00e9nico: <span class=\"_ _10\"></span>En <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>contexto <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>descarboniza<span class=\"_ _6\"></span>ci\u00f3n, <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>CO<span class=\"_ _33\"> </span>2 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>o<span class=\"_ _6\"></span>rigen <span class=\"_ _15\"></span>biog\u00e9nico <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>conv<span class=\"_ _6\"></span>ertido <span class=\"_ _15\"></span>en una materia prima de alto <span class=\"_ _1\"></span>inter\u00e9s para, en combinaci\u00f3n con H<span class=\"_ _33\"> </span>2 verde, producir biocombustibles y otros productos  que <span class=\"_ _11\"> </span>sustit<span class=\"_ _6\"></span>uyen <span class=\"_ _12\"> </span>materiales <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>origen  f<span class=\"_ _1\"></span>\u00f3sil. <span class=\"_ _12\"> </span>En  este <span class=\"_ _12\"> </span>sentido, <span class=\"_ _1a\"> </span>ENCE <span class=\"_ _12\"> </span>tambi\u00e9n  parte <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>una posici\u00f3n <span class=\"_ _11\"> </span>privilegiada <span class=\"_ _11\"></span>para <span class=\"_ _11\"></span>ap<span class=\"_ _1\"></span>rovechar <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>portunidad, <span class=\"_ _11\"> </span>ya <span class=\"_ _0\"></span>que <span class=\"_ _11\"> </span>tanto <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>biof\u00e1b<span class=\"_ _6\"></span>ricas <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>las <span class=\"_ _11\"></span>plantas independientes <span class=\"_ _6\"></span>de en<span class=\"_ _6\"></span>erg\u00eda d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>compa\u00f1\u00eda <span class=\"_ _6\"></span>produ<span class=\"_ _6\"></span>cen grand<span class=\"_ _6\"></span>es cantid<span class=\"_ _6\"></span>ades d<span class=\"_ _6\"></span>e este <span class=\"_ _6\"></span>CO<span class=\"_ _33\"> </span>2 bio<span class=\"_ _6\"></span>g\u00e9nico al <span class=\"_ _6\"></span>a\u00f1o.<span class=\"_ _6\"></span> As\u00ed, E<span class=\"_ _6\"></span>NCE ya <span class=\"_ _6\"></span>est\u00e1 <span class=\"_ _6\"></span>trabajando con<span class=\"_ _6\"></span> divers<span class=\"_ _6\"></span>os socios<span class=\"_ _6\"></span> potenciales en <span class=\"_ _6\"></span>el d<span class=\"_ _6\"></span>esarrollo d<span class=\"_ _6\"></span>e proyectos<span class=\"_ _6\"></span> para <span class=\"_ _6\"></span>utilizar el CO<span class=\"_ _33\"> </span>2 procedente de la bio<span class=\"_ _6\"></span>masa <span class=\"_ _6\"></span>en distintas ap<span class=\"_ _6\"></span>licaciones.  6.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Producto<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>celulos<span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>baj<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>carbono<span class=\"_ _6\"></span>: <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>\u00e1rea de <span class=\"_ _a\"></span>negocio <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>celulosa,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ENCE <span class=\"_ _e\"></span>ta<span class=\"_ _6\"></span>mbi\u00e9n <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>id<span class=\"_ _6\"></span>entificado </span></span>interesantes <span class=\"_ _0\"></span>oportunid<span class=\"_ _6\"></span>ades <span class=\"_ _0\"></span>relacionadas <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>descarbo<span class=\"_ _6\"></span>nizaci\u00f3n <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>mer<span class=\"_ _6\"></span>cado <span class=\"_ _0\"></span>papelero. <span class=\"_ _0\"></span>As\u00ed, <span class=\"_ _0\"></span>ENCE trabaja en <span class=\"_ _1\"></span>el desarrollo <span class=\"_ _e\"></span>de productos celul\u00f3sicos <span class=\"_ _e\"></span>b<span class=\"_ _6\"></span>ajo<span class=\"_ _6\"></span>s e<span class=\"_ _1\"></span> incluso <span class=\"_ _1\"></span>neutros en <span class=\"_ _e\"></span>carb<span class=\"_ _6\"></span>ono que <span class=\"_ _e\"></span>pueden ayudar a sus clientes a<span class=\"_ _6\"></span> reducir la huella de carbono<span class=\"_ _6\"></span> de sus prod<span class=\"_ _6\"></span>uctos finales. La pas<span class=\"_ _6\"></span>ta no blanqueada de huella reducida <span class=\"_ _6\"></span>N<span class=\"_ _6\"></span>aturcell <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>versi\u00f3n <span class=\"_ _15\"></span>neutra <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>carbono <span class=\"_ _15\"></span>Naturcell <span class=\"_ _15\"></span>Zero <span class=\"_ _6\"></span>son<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>claro <span class=\"_ _15\"></span>ejemplo <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>c\u00f3mo <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE ha aprov<span class=\"_ _6\"></span>echado esta oportun<span class=\"_ _6\"></span>idad.  7.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Producci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de  soluciones  de <span class=\"_ _12\"> </span>envasad<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>ostenible <span class=\"_ _12\"> </span>bas<span class=\"_ _6\"></span>adas  en <span class=\"_ _12\"> </span>celulosa<span class=\"_ _6\"></span>:  otras <span class=\"_ _12\"> </span>\u00e1reas  de <span class=\"_ _12\"> </span>negocio  de </span></span>celulosa <span class=\"_ _1e\"> </span>tambi\u00e9n <span class=\"_ _1e\"> </span>han <span class=\"_ _1e\"> </span>id<span class=\"_ _6\"></span>entificado <span class=\"_ _1e\"> </span>oportu<span class=\"_ _6\"></span>nidades <span class=\"_ _1e\"> </span>para <span class=\"_ _1e\"> </span>sustituir <span class=\"_ _1e\"> </span>materiales <span class=\"_ _17\"> </span>pl\u00e1sticos <span class=\"_ _1e\"> </span>por <span class=\"_ _1e\"> </span>celulosa moldeada. <span class=\"_ _6\"></span>En<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>este <span class=\"_ _15\"></span>sentido, <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>l\u00edneas <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>investigaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>ENCE <span class=\"_ _15\"></span>est\u00e1 <span class=\"_ _6\"></span>des<span class=\"_ _6\"></span>arrollando <span class=\"_ _6\"></span>contempla<span class=\"_ _6\"></span> la <span class=\"_ _1\"></span>producci\u00f3n de <span class=\"_ _e\"></span>producto<span class=\"_ _6\"></span>s <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>fibra <span class=\"_ _e\"></span>mo<span class=\"_ _6\"></span>ldeada a <span class=\"_ _e\"></span>para la <span class=\"_ _1\"></span>fabricaci\u00f3n de <span class=\"_ _e\"></span>envas<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>bandejas que <span class=\"_ _e\"></span>sustitu<span class=\"_ _6\"></span>ir\u00e1 productos p<span class=\"_ _6\"></span>l\u00e1sticos basados en combu<span class=\"_ _6\"></span>stibles f\u00f3siles.<span class=\"_ _6\"></span> 8.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Mejor <span class=\"_ _6\"></span>adap<span class=\"_ _6\"></span>taci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span><span class=\"ff9\">E<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Globulus<span class=\"_ _6\"></span></span> <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>condicion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>clim\u00e1ticas<span class=\"_ _6\"></span>: <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>modelos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cambio <span class=\"_ _6\"></span>clim\u00e1t<span class=\"_ _6\"></span>ico <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> </span></span>que trabaja Ence han determinado que las variaciones en lo<span class=\"_ _e\"></span>s<span class=\"_ _6\"></span> patrones de temperatura e<span class=\"_ _1\"></span>n el norte de la Pen\u00ednsula <span class=\"_ _10\"></span>h<span class=\"_ _6\"></span>ar\u00e1n <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>haya <span class=\"_ _10\"></span>zonas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>actualmente <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>iables <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>cultiv<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>eucalipto<span class=\"_ _15\"></span> <span class=\"_ _10\"></span><span class=\"ff9\">E. <span class=\"_ _10\"></span>Globulus<span class=\"_ _6\"></span></span> <span class=\"_ _10\"></span>que pasar\u00e1n <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>ser <span class=\"_ _0\"></span>viables <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>orque <span class=\"_ _10\"></span>las <span class=\"_ _0\"></span>temperaturas <span class=\"_ _0\"></span>ya <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>ser\u00e1n <span class=\"_ _0\"></span>demasiado <span class=\"_ _0\"></span>bajas <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>desarrollo. <span class=\"_ _0\"></span>Esto supondr\u00eda <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>na <span class=\"_ _12\"> </span>oportunid<span class=\"_ _6\"></span>ad <span class=\"_ _12\"> </span>para  ENCE, <span class=\"_ _12\"> </span>ya <span class=\"_ _12\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>conllevar\u00eda <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>aumento  de <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>roductividad<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las plantaciones <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>es<span class=\"_ _6\"></span>tas <span class=\"_ _15\"></span>zo<span class=\"_ _6\"></span>nas <span class=\"_ _15\"></span>y, <span class=\"_ _10\"></span>por <span class=\"_ _15\"></span>end<span class=\"_ _6\"></span>e, <span class=\"_ _15\"></span>un <span class=\"_ _10\"></span>aumento <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>disp<span class=\"_ _6\"></span>onibilidad <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>madera <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>especie para las biof\u00e1b<span class=\"_ _6\"></span>ricas.  9.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Comercializaci\u00f3n  de  biomasa:  A <span class=\"_ _12\"> </span>trav\u00e9s  de <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>nce  Biomasa, <span class=\"_ _12\"> </span>Ence  pone <span class=\"_ _12\"> </span>a  disposici\u00f3n  de <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>us  clientes<span class=\"_ _1\"></span> </span></span>biomasa <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>abas<span class=\"_ _6\"></span>tecer <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>demanda <span class=\"_ _15\"></span>creciente <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>calor <span class=\"_ _15\"></span>renovab<span class=\"_ _6\"></span>le, <span class=\"_ _6\"></span>biocombus<span class=\"_ _6\"></span>tibles <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>otros <span class=\"_ _15\"></span>usos. <span class=\"_ _6\"></span>Dado que <span class=\"_ _12\"> </span>ENCE <span class=\"_ _12\"> </span>es <span class=\"_ _12\"> </span>uno <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>mayores<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>gesto<span class=\"_ _6\"></span>res <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>b<span class=\"_ _6\"></span>iomasa <span class=\"_ _12\"> </span>agroforestal <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>Espa\u00f1<span class=\"_ _6\"></span>a; <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>u <span class=\"_ _12\"> </span>conocimiento <span class=\"_ _12\"> </span>y capilaridad <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>territo<span class=\"_ _6\"></span>rio <span class=\"_ _e\"></span>para adquirir <span class=\"_ _e\"></span>biomasa <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>uponen <span class=\"_ _1\"></span>una <span class=\"_ _e\"></span>ventaja competitiva <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>aprov<span class=\"_ _6\"></span>echar <span class=\"_ _e\"></span>esta oportunidad<span class=\"_ _6\"></span>.  10.<span class=\"ff2 ls0_1\">  <span class=\"ff4\">Comercializaci\u00f3n  de  biofertili<span class=\"_ _6\"></span>zantes:  e<span class=\"_ _6\"></span>l  negocio  de  Bio<span class=\"_ _6\"></span>g\u00e1s<span class=\"_ _6\"></span>,  dirigido  a <span class=\"_ _18\"> </span>descarbonizar  sectores  poco </span></span>electrificables, <span class=\"_ _6\"></span>tambi<span class=\"_ _6\"></span>\u00e9n <span class=\"_ _6\"></span>gen<span class=\"_ _6\"></span>era <span class=\"_ _15\"></span>digestato <span class=\"_ _15\"></span>durante <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>proceso <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>digesti\u00f3n <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>aerobia. <span class=\"_ _15\"></span>Este <span class=\"_ _15\"></span>digestato <span class=\"_ _15\"></span>se utilizar\u00e1 <span class=\"_ _18\"> </span>para  su<span class=\"_ _6\"></span>  tra<span class=\"_ _6\"></span>nsformaci\u00f3n  y <span class=\"_ _18\"> </span>venta <span class=\"_ _18\"> </span>como  biofert<span class=\"_ _6\"></span>ilizante<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>representando <span class=\"_ _18\"> </span>una <span class=\"_ _18\"> </span>oportunidad<span class=\"_ _6\"></span>  de negocio para ENCE<span class=\"_ _6\"></span>. 11.<span class=\"ff2 ls0_1\">  <span class=\"ff4\">Producci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>materias  primas <span class=\"_ _12\"> </span>secundarias<span class=\"_ _6\"></span>: <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>par<span class=\"_ _6\"></span>tir <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>su<span class=\"_ _6\"></span>bproductos  obtenidos <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>proceso <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e </span></span>fabricaci\u00f3n de <span class=\"_ _e\"></span>pasta de <span class=\"_ _e\"></span>pap<span class=\"_ _6\"></span>el, tales <span class=\"_ _e\"></span>como metanol <span class=\"_ _e\"></span>y \u00e1cido sulf\u00farico, <span class=\"_ _e\"></span>se pueden <span class=\"_ _1\"></span>obtener materias <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>rimas secundarias a<span class=\"_ _6\"></span>ptas para su uso en las p<span class=\"_ _6\"></span>lantas o su poten<span class=\"_ _6\"></span>cia<span class=\"_ _6\"></span>l comercializaci\u00f3n.<span class=\"_ _6\"></span> En <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>elaboraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>esta<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>cuentas <span class=\"_ _0\"></span>anuales <span class=\"_ _10\"></span>cons<span class=\"_ _6\"></span>olidadas <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>han <span class=\"_ _0\"></span>considerado <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>riesgos <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>oportunidades descritos anteriormente, principalmente, en las estimacion<span class=\"_ _6\"></span>es de la vida \u00fatil de <span class=\"_ _1\"></span>los activos (v\u00e9anse notas 3.2 y 3.3), en el <span class=\"_ _1\"></span>grado de uso de los activos biol\u00f3gicos, <span class=\"_ _6\"></span>en los compromisos de inversi\u00f3n (v\u00e9anse notas 16 y 18),<span class=\"_ _33\"> </span>en <span class=\"_ _e\"></span>la evaluaci\u00f3n <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>otenciales <span class=\"_ _1\"></span>costes <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cierre de <span class=\"_ _e\"></span>instalaciones (v\u00e9ase <span class=\"_ _e\"></span>nota 31)<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>en el <span class=\"_ _e\"></span>an\u00e1lisis del <span class=\"_ _e\"></span>deterioro de los activos<span class=\"_ _6\"></span> no financieros (v\u00e9ase n<span class=\"_ _6\"></span>ota 19), as\u00ed como en lo<span class=\"_ _6\"></span>s an\u00e1lisis de s<span class=\"_ _6\"></span>ensibilidad realizados<span class=\"_ _15\"></span>.<span class=\"_ _33\"> </span>22.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Retribuci\u00f3n al accionista y propuesta <span class=\"_ _1\"></span>de distribuci\u00f3n del resultado de la Sociedad </span></span>Dominante  22.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Retribuci\u00f3n al a<span class=\"_ _e\"></span>c<span class=\"_ _6\"></span>cionista </span></span>El <span class=\"_ _e\"></span>28 <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>febrero<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>Co<span class=\"_ _6\"></span>nsejo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>ENCE aprob\u00f3 <span class=\"_ _e\"></span>una <span class=\"_ _1\"></span>nueva <span class=\"_ _1\"></span>Pol\u00edtica <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Remuneraci\u00f3n al Accionista aplicable a partir <span class=\"_ _1\"></span>de ese ejercicio con <span class=\"_ _1\"></span>la finalidad de establecer, dentro del <span class=\"_ _1\"></span>marco de la Ley, <span class=\"_ _1\"></span>los Estatutos <span class=\"_ _15\"></span>Sociales <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>recomendaciones<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>uen <span class=\"_ _6\"></span>gob<span class=\"_ _6\"></span>ierno <span class=\"_ _15\"></span>corporativo, <span class=\"_ _15\"></span>unos <span class=\"_ _15\"></span>criterios <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _15\"></span>que<span class=\"_ _6\"></span> permitan <span class=\"_ _15\"></span>ligar <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>resulta<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>econ\u00f3mico <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Sociedad <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>remuneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>percibir <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>accion<span class=\"_ _6\"></span>istas <span class=\"_ _15\"></span>y que respondan<span class=\"_ _6\"></span> a principios de sosten<span class=\"_ _6\"></span>ibilidad,<span class=\"_ _6\"></span> rentabilidad y<span class=\"_ _6\"></span> prudencia financiera.<span class=\"_ _6\"></span> A tal <span class=\"_ _e\"></span>fin, se estima <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e los <span class=\"_ _e\"></span>criterios que <span class=\"_ _1\"></span>deben de <span class=\"_ _e\"></span>marcar,<span class=\"_ _6\"></span> como <span class=\"_ _e\"></span>directric<span class=\"_ _6\"></span>es principales, la <span class=\"_ _e\"></span>Pol\u00edtica, deben <span class=\"_ _1\"></span>ser la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>caja <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _0\"></span>dependientes,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mantener <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>nivel <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>endeudami<span class=\"_ _6\"></span>ento prudente <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>actividad <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>desar<span class=\"_ _6\"></span>rolla <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cumplimiento <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _6\"></span>obligaciones <span class=\"_ _15\"></span>legales <span class=\"_ _6\"></span>y contractuales. En <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>sentido, <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>remuneraci\u00f3n <span class=\"_ _6\"></span>anual <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>accion<span class=\"_ _6\"></span>ista <span class=\"_ _6\"></span>vendr\u00e1 <span class=\"_ _6\"></span>determinada <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>caja <span class=\"_ _6\"></span>dispon<span class=\"_ _6\"></span>ible <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>distribuir asegurando <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>nivel <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>endeudamiento <span class=\"_ _15\"></span>financiero <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>ecuado <span class=\"_ _6\"></span>de, <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>referencia, <span class=\"_ _15\"></span>2,5 <span class=\"_ _6\"></span>veces <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>egocio de <span class=\"_ _11\"> </span>Ce<span class=\"_ _6\"></span>lulosa <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>5 <span class=\"_ _12\"> </span>veces <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el  negocio <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>Energ\u00eda<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>result<span class=\"_ _6\"></span>ado <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>operaciones <span class=\"_ _12\"> </span>ante<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>financieros,<span class=\"_ _6\"></span> amortizaciones <span class=\"_ _1e\"> </span>e <span class=\"_ _18\"> </span>i<span class=\"_ _6\"></span>mpuestos <span class=\"_ _1e\"> </span>(EBITDA), <span class=\"_ _1e\"> </span>utilizan<span class=\"_ _6\"></span>do <span class=\"_ _1e\"> </span>precios <span class=\"_ _18\"> </span>medios<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>ciclo,<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>y <span class=\"_ _1e\"> </span>teniend<span class=\"_ _6\"></span>o <span class=\"_ _1e\"> </span>en <span class=\"_ _18\"> </span>cuenta<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>los<span class=\"_ _6\"></span> compromisos y p<span class=\"_ _6\"></span>lanes de inversi\u00f3n.<span class=\"_ _33\"> </span>Con <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>objetiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>ajustar <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>remuneraci\u00f3n <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>efectiva <span class=\"_ _10\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>caja <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Sociedad<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>propuso <span class=\"_ _10\"></span>el siguiente <span class=\"_ _12\"> </span>calendario  para <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>abon<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>dividendo<span class=\"_ _6\"></span>s: <span class=\"_ _12\"> </span>(i) <span class=\"_ _12\"> </span>dos <span class=\"_ _12\"> </span>dividend<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cuenta <span class=\"_ _12\"> </span>aco<span class=\"_ _6\"></span>rdados <span class=\"_ _12\"> </span>al  cie<span class=\"_ _1\"></span>rre <span class=\"_ _12\"> </span>del segundo <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>tercer <span class=\"_ _10\"></span>trimestre <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>cada <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _0\"></span>esto<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>meses <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>julio <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>octubre; <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>(ii) <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>dividend<span class=\"_ _6\"></span>o complementario <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ropondr\u00e1 <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>J<span class=\"_ _6\"></span>unta <span class=\"_ _15\"></span>General <span class=\"_ _15\"></span>Ordinar<span class=\"_ _6\"></span>ia <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Accion<span class=\"_ _6\"></span>istas <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Sociedad <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>fecha que se convoq<span class=\"_ _6\"></span>ue dentro del primer semestre de cad<span class=\"_ _6\"></span>a ejercicio.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>Con<span class=\"_ _6\"></span>sejo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Administra<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _0\"></span>podr\u00e1 <span class=\"_ _0\"></span>proponer <span class=\"_ _10\"></span>aq<span class=\"_ _6\"></span>uellas <span class=\"_ _0\"></span>modalidades <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>remuneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>accionista <span class=\"_ _0\"></span>que resulten <span class=\"_ _1e\"> </span>m\u00e1s<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>acord<span class=\"_ _6\"></span>es <span class=\"_ _17\"> </span>en <span class=\"_ _1e\"> </span>ca<span class=\"_ _6\"></span>da <span class=\"_ _17\"> </span>momento, <span class=\"_ _17\"> </span>incluyend<span class=\"_ _6\"></span>o <span class=\"_ _1e\"> </span>pro<span class=\"_ _6\"></span>gramas <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>recompra <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>a<span class=\"_ _6\"></span>cciones <span class=\"_ _17\"> </span>para <span class=\"_ _17\"> </span>su amortizaci\u00f3n, sis<span class=\"_ _6\"></span>tema de retribuci\u00f3n<span class=\"_ _6\"></span> flexible, as\u00ed como distrib<span class=\"_ _6\"></span>uc<span class=\"_ _6\"></span>iones en especie.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 22.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Dividendo<span class=\"_ _1\"></span>s pagados </span></span>El <span class=\"_ _1\"></span>Consejo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>Ad<span class=\"_ _6\"></span>ministraci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>la Sociedad <span class=\"_ _e\"></span>Domina<span class=\"_ _6\"></span>nte ha <span class=\"_ _a\"></span>aco<span class=\"_ _6\"></span>rdado durante <span class=\"_ _e\"></span>el a\u00f1o<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>2024 <span class=\"_ _e\"></span>el pago <span class=\"_ _e\"></span>en e<span class=\"_ _1\"></span>fectivo de <span class=\"_ _10\"></span>dos <span class=\"_ _0\"></span>dividendos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>cuenta<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>ejercicio <span class=\"_ _10\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _10\"></span>agre<span class=\"_ _6\"></span>gado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span><span><span class=\"gs3b8\" id=\"__12\">0, 14 0</span></span> <span class=\"_ _10\"></span><span class=\"ff6\">\u20ac/ac<span class=\"_ _6\"></span>ci\u00f3n, </span>equivalente a 34,0 <span class=\"ff6\">millon<span class=\"_ _6\"></span>es \u20ac.</span> La <span class=\"_ _15\"></span>informaci\u00f3n <span class=\"_ _10\"></span>relativa <span class=\"_ _15\"></span>a<span class=\"_ _6\"></span>l <span class=\"_ _15\"></span>estad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>conta<span class=\"_ _6\"></span>ble <span class=\"_ _15\"></span>prevision<span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>liquidez <span class=\"_ _10\"></span>elaborado <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>acuerdo <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>requisitos legales es<span class=\"_ _6\"></span>tablecidos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>art\u00edculo <span class=\"_ _6\"></span>277 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Texto <span class=\"_ _6\"></span>Refundido <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Ley <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>Sociedades <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Capital, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>que s<span class=\"_ _6\"></span>e pone <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>manifiesto <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>xistencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>liquidez <span class=\"_ _15\"></span>suficiente <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>Ence <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>Celulosa, <span class=\"_ _15\"></span>S.A. <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>tribuci\u00f3n de <span class=\"_ _0\"></span>dichos <span class=\"_ _0\"></span>divid<span class=\"_ _6\"></span>endos, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>incluye <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _0\"></span>anuales <span class=\"_ _0\"></span>individuales<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>nce <span class=\"_ _0\"></span>Energ\u00eda <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Celulosa, <span class=\"_ _0\"></span>S.A.<span class=\"_ _15\"></span> <span class=\"_ _0\"></span>del ejercicio 2024.  22.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Propuesta de<span class=\"_ _1\"></span> aplicaci\u00f3n del resu<span class=\"_ _1\"></span>ltado de la So<span class=\"_ _1\"></span>ciedad Dominan<span class=\"_ _1\"></span>te </span></span>El <span class=\"_ _6\"></span>resultado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Ence <span class=\"_ _6\"></span>Energ\u00eda <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>Celulosa, <span class=\"_ _6\"></span>S.A. <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>t\u00edtulo <span class=\"_ _6\"></span>individual <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>sido <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n beneficio <span class=\"_ _6\"></span>por importe  de  46.741  <span class=\"ff6\">mile<span class=\"_ _1\"></span>s  \u20ac.  En  este <span class=\"_ _12\"> </span>sentido<span class=\"_ _6\"></span>,  la <span class=\"_ _12\"> </span>prop<span class=\"_ _6\"></span>uesta  de  <span class=\"ff4\">aplicaci\u00f3n  de  resultados  de <span class=\"_ _12\"> </span>la  Sociedad </span></span>Dominante  efectuada  por  sus  Administra<span class=\"_ _6\"></span>dores  y  que  se  someter\u00e1 <span class=\"_ _12\"> </span>a  ap<span class=\"_ _6\"></span>robaci\u00f3n  por  la  Junta  General Ordinaria <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Accion<span class=\"_ _6\"></span>istas <span class=\"_ _15\"></span>es <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>siguient<span class=\"_ _6\"></span>e<span class=\"ff6\">; <span class=\"_ _15\"></span>1) <span class=\"_ _6\"></span>33.97<span class=\"_ _6\"></span>2 <span class=\"_ _6\"></span>miles <span class=\"_ _15\"></span>\u20ac <span class=\"_ _10\"></span></span>para <span class=\"_ _6\"></span>at<span class=\"_ _6\"></span>ender <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>dividendo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cuenta <span class=\"_ _15\"></span>repartidos durante el ejercicio 2024 <span class=\"ff6\">y<span class=\"_ _6\"></span> 2) 12.769 <span class=\"_ _6\"></span>miles \u20ac a compens<span class=\"_ _6\"></span>ar \u201cResultados<span class=\"_ _6\"></span> negativos de ejercicios a<span class=\"_ _6\"></span>nteriores\u201d.<span class=\"_ _33\"> </span></span>35.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Medio Ambiente </span></span>El <span class=\"_ _12\"> </span>respeto <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>medio <span class=\"_ _12\"> </span>ambiente <span class=\"_ _12\"> </span>es <span class=\"_ _12\"> </span>inherente <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>prop\u00f3sito<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>Ence <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>forma <span class=\"_ _12\"> </span>parte <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>compromisos <span class=\"_ _12\"> </span>y principios de <span class=\"_ _e\"></span>actuaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>establecidos en <span class=\"_ _e\"></span>el C\u00f3digo <span class=\"_ _e\"></span>de Conducta y <span class=\"_ _e\"></span>la Pol\u00edtica <span class=\"_ _e\"></span>de Sostenibilidad de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>compa\u00f1\u00eda.<span class=\"_ _15\"></span> Este compromiso d<span class=\"_ _6\"></span>e Ence con la<span class=\"_ _6\"></span> protecci\u00f3n del <span class=\"_ _6\"></span>medio amb<span class=\"_ _6\"></span>iente se mat<span class=\"_ _6\"></span>erializa en pri<span class=\"_ _6\"></span>mer lugar, a t<span class=\"_ _6\"></span>rav\u00e9s de la propia activ<span class=\"_ _6\"></span>idad de la compa\u00f1\u00eda y s<span class=\"_ _6\"></span>u visi\u00f3n estrat\u00e9gica:<span class=\"_ _6\"></span> \u2713<span class=\"ff2\"> <span class=\"_ _28\"> </span><span class=\"ff4 fc0_1\">La <span class=\"_ _12\"> </span>activ<span class=\"_ _6\"></span>idad <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>prod<span class=\"_ _6\"></span>ucci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>celulosa  a <span class=\"_ _11\"> </span>partir <span class=\"_ _12\"> </span>de  m<span class=\"_ _1\"></span>adera <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>roximidad <span class=\"_ _12\"> </span>y  con <span class=\"_ _11\"> </span>gesti\u00f3n  f<span class=\"_ _1\"></span>orestal<span class=\"_ _6\"></span> </span></span>sostenible <span class=\"_ _12\"> </span>certificada <span class=\"_ _12\"> </span>tiene <span class=\"_ _12\"> </span>efectos <span class=\"_ _12\"> </span>ambiental<span class=\"_ _6\"></span>es <span class=\"_ _12\"> </span>positivos<span class=\"_ _6\"></span>, <span class=\"_ _11\"> </span>ya <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>one <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>mercado <span class=\"_ _12\"> </span>pro<span class=\"_ _6\"></span>ductos naturales, <span class=\"_ _1\"></span>renovables <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>reciclab<span class=\"_ _6\"></span>les <span class=\"_ _e\"></span>que <span class=\"_ _1\"></span>pueden <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ustituir m<span class=\"_ _1\"></span>ateriales <span class=\"_ _1\"></span>fabricados<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>partir <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>combu<span class=\"_ _6\"></span>stibles f\u00f3siles, como <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>pl\u00e1sticos. <span class=\"_ _6\"></span>Adem\u00e1s, la <span class=\"_ _6\"></span>actividad<span class=\"_ _6\"></span> fores<span class=\"_ _6\"></span>ta<span class=\"_ _6\"></span>l de Ence <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>s\u00f3lo <span class=\"_ _6\"></span>contribuye a <span class=\"_ _6\"></span>retirar <span class=\"_ _6\"></span>carbono de la atm\u00f3sfera, sino<span class=\"_ _6\"></span> que protege la biodiversidad<span class=\"_ _6\"></span> y otros<span class=\"_ _6\"></span> servicios ecosist\u00e9micos. <span class=\"_ _15\"></span> \u2713<span class=\"ff2\"> <span class=\"_ _28\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>dise\u00f1o <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>nuevos <span class=\"_ _11\"></span>productos, <span class=\"_ _11\"></span>Ence <span class=\"_ _11\"></span>persigue <span class=\"_ _11\"></span>mejorar <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>huella <span class=\"_ _11\"></span>ambiental <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>sus <span class=\"_ _11\"> </span>producto<span class=\"_ _6\"></span>s <span class=\"_ _11\"></span>y </span></span>contribuir <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>reducir <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>impacto <span class=\"_ _15\"></span>ambiental <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>procesos <span class=\"_ _6\"></span>produ<span class=\"_ _6\"></span>ctivos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>clientes. <span class=\"_ _15\"></span>Un <span class=\"_ _6\"></span>ejemplo <span class=\"_ _15\"></span>de esta <span class=\"_ _1\"></span>apuesta e<span class=\"_ _1\"></span>s <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>esarrollo d<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>la pasta <span class=\"_ _e\"></span>de celulosa <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>bla<span class=\"_ _6\"></span>nqueada Naturcell, <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e, <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>no re<span class=\"_ _1\"></span>querir <span class=\"_ _1\"></span>etapa de blanqueo en su prod<span class=\"_ _6\"></span>ucci\u00f3n, tiene un consumo espec\u00edfico de materiales, agu<span class=\"_ _6\"></span>a y energ\u00eda menor que la pas<span class=\"_ _6\"></span>ta est\u00e1ndar, o <span class=\"_ _6\"></span>la apu<span class=\"_ _6\"></span>esta por la <span class=\"_ _6\"></span>producci\u00f3n <span class=\"_ _6\"></span>de pasta de <span class=\"_ _6\"></span>celulosa tip<span class=\"_ _6\"></span>o fluff en <span class=\"_ _6\"></span>Espa\u00f1a, qu<span class=\"_ _6\"></span>e ayuda a reducir <span class=\"_ _e\"></span>la huella de <span class=\"_ _1\"></span>carbono <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>ociada a <span class=\"_ _1\"></span>aspectos log\u00edsticos <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e tiene <span class=\"_ _e\"></span>la mayor\u00eda de <span class=\"_ _e\"></span>pasta de <span class=\"_ _1\"></span>este tip<span class=\"_ _1\"></span>o que en la actualid<span class=\"_ _6\"></span>ad se consume en Europa.<span class=\"_ _6\"></span> \u2713<span class=\"ff2\"> <span class=\"_ _1c\"> </span><span class=\"ff4 fc0_1\">Adem\u00e1s <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>productos <span class=\"_ _15\"></span>especiales, <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2024, <span class=\"_ _15\"></span>Ence <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>continuad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>avanzando <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>desarrollo <span class=\"_ _15\"></span>de <span class=\"_ _0\"></span>su </span></span>l\u00ednea  de  negocio  de  envases  sostenib<span class=\"_ _6\"></span>les  a  partir  de  celulosa,<span class=\"_ _6\"></span>  que  sustitu<span class=\"_ _6\"></span>ir\u00e1  productos  pl\u00e1sticos actualmente utilizados<span class=\"_ _6\"></span> en el sector de la alimenta<span class=\"_ _6\"></span>ci\u00f3n y la distrib<span class=\"_ _6\"></span>uci\u00f3n. <span class=\"_ _6\"></span> \u2713<span class=\"ff2\"> <span class=\"_ _1c\"> </span><span class=\"ff4 fc0_1\">La compa\u00f1\u00eda tambi\u00e9n ha <span class=\"_ _1\"></span>continuad<span class=\"_ _6\"></span>o avanzando en <span class=\"_ _e\"></span>la ingenier\u00eda y <span class=\"_ _1\"></span>en los tr\u00e1mites <span class=\"_ _e\"></span>ad<span class=\"_ _6\"></span>ministrativ<span class=\"_ _6\"></span>os para </span></span>la <span class=\"_ _6\"></span>bioplanta <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>producci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>fibra reciclada <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>lanqueada <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>biomateriales <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>Ence <span class=\"_ _10\"></span>planea <span class=\"_ _6\"></span>poner en <span class=\"_ _12\"> </span>marcha  en <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>lo<span class=\"_ _6\"></span>calidad  gallega <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>As  Pontes. <span class=\"_ _11\"> </span>E<span class=\"_ _6\"></span>ste <span class=\"_ _12\"> </span>pr<span class=\"_ _6\"></span>oyecto <span class=\"_ _12\"> </span>su<span class=\"_ _6\"></span>pone <span class=\"_ _12\"> </span>una  clara <span class=\"_ _11\"> </span>ap<span class=\"_ _6\"></span>uesta <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>la econom\u00eda <span class=\"_ _6\"></span>circular <span class=\"_ _15\"></span>ya <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue, <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>lugar <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>madera, <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>planta<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>utilizar\u00e1 <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>materia <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rima <span class=\"_ _6\"></span>pap<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>cart\u00f3n recuperados para <span class=\"_ _6\"></span>la producci\u00f3n de pas<span class=\"_ _6\"></span>ta, evitando el env\u00edo a <span class=\"_ _15\"></span>vertedero de estos res<span class=\"_ _6\"></span>iduos<span class=\"lsf\">. </span> \u2713<span class=\"ff2\"> <span class=\"_ _28\"> </span><span class=\"ff4 fc0_1\">En su actividad <span class=\"_ _1\"></span>de ge<span class=\"_ _1\"></span>neraci\u00f3n de <span class=\"_ _1\"></span>energ\u00eda <span class=\"_ _1\"></span>renovab<span class=\"_ _6\"></span>le, haciendo <span class=\"_ _1\"></span>uso de <span class=\"_ _1\"></span>biomasa de <span class=\"_ _1\"></span>proximidad, Ence n<span class=\"_ _1\"></span>o </span></span>s\u00f3lo <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>tribuye <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>descarbonizar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mix <span class=\"_ _11\"></span>el\u00e9ctrico <span class=\"_ _0\"></span>nacional, <span class=\"_ _11\"></span>sino <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>valorizaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>biomasa agr\u00edcola <span class=\"_ _10\"></span>evita<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>emision<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>taminantes <span class=\"_ _0\"></span>difusas <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>producen <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>quema <span class=\"_ _10\"></span>incon<span class=\"_ _6\"></span>trolada <span class=\"_ _0\"></span>los restos <span class=\"_ _6\"></span>de cultiv<span class=\"_ _6\"></span>os en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>rural. Ad<span class=\"_ _6\"></span>em\u00e1s, <span class=\"_ _6\"></span>en 202<span class=\"_ _6\"></span>4, En<span class=\"_ _6\"></span>ce tambi\u00e9n <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>continuad<span class=\"_ _6\"></span>o des<span class=\"_ _6\"></span>arrollando <span class=\"_ _6\"></span>su l\u00ednea <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>egocio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>calor <span class=\"_ _0\"></span>industrial, <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>prop<span class=\"_ _6\"></span>orciona<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>soluciones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>descarbon<span class=\"_ _6\"></span>izaci\u00f3n <span class=\"_ _10\"></span>bas<span class=\"_ _6\"></span>adas <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la generaci\u00f3n d<span class=\"_ _6\"></span>e calor<span class=\"_ _6\"></span> renov<span class=\"_ _6\"></span>able. D<span class=\"_ _6\"></span>e esta <span class=\"_ _6\"></span>forma, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>compa\u00f1\u00eda<span class=\"_ _6\"></span> con<span class=\"_ _6\"></span>tribuye a <span class=\"_ _6\"></span>reducir<span class=\"_ _6\"></span> la <span class=\"_ _6\"></span>huella <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>carbono de <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ectores <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>if\u00edcilmente <span class=\"_ _10\"></span>elect<span class=\"_ _6\"></span>rificables. <span class=\"_ _0\"></span>Se <span class=\"_ _10\"></span>cuenta <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>lanta <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>funcion<span class=\"_ _6\"></span>amiento <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>contrato firmado para iniciar la<span class=\"_ _6\"></span> construcci\u00f3n d<span class=\"_ _6\"></span>e otra planta<span class=\"_ _6\"></span> en 2025.<span class=\"_ _6\"></span> \u2713<span class=\"ff2\"> <span class=\"_ _28\"> </span><span class=\"ff4 fc0_1\">En <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>estrategia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diversificaci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>Ence <span class=\"_ _0\"></span>busca <span class=\"_ _0\"></span>actividades <span class=\"_ _0\"></span>alineadas <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>modelo <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>negocio <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e </span></span>bioeconom\u00eda <span class=\"_ _10\"></span>circular <span class=\"_ _0\"></span>y, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>ello, <span class=\"_ _0\"></span>ha <span class=\"_ _10\"></span>creado <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>filial <span class=\"_ _10\"></span>Ence <span class=\"_ _10\"></span>Biog\u00e1s<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>pro<span class=\"_ _6\"></span>ducci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>biometano <span class=\"_ _10\"></span>y fertilizantes. <span class=\"_ _6\"></span>Una <span class=\"_ _15\"></span>nueva <span class=\"_ _15\"></span>l\u00ednea <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>act<span class=\"_ _6\"></span>ividad <span class=\"_ _15\"></span>basada <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alorizaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>res<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>agro<span class=\"_ _6\"></span>ganaderos <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>no s\u00f3lo <span class=\"_ _10\"></span>contribuir\u00e1 <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>so<span class=\"_ _6\"></span>lucionar <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>problema <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>gesti\u00f3n, <span class=\"_ _10\"></span>sino <span class=\"_ _10\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>tra<span class=\"_ _6\"></span>nsformar\u00e1 <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>productos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de alto valor <span class=\"_ _1\"></span>a\u00f1adido como <span class=\"_ _1\"></span>biocombustibles y fertilizantes <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>rg\u00e1nicos con m<span class=\"_ _1\"></span>enor huella <span class=\"_ _e\"></span>amb<span class=\"_ _6\"></span>iental que lo<span class=\"_ _1\"></span>s qu\u00edmicos. E<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>diciembre de 20<span class=\"_ _6\"></span>24, h<span class=\"_ _6\"></span>a sid<span class=\"_ _6\"></span>o adquirida <span class=\"_ _6\"></span>la primera <span class=\"_ _6\"></span>planta <span class=\"_ _6\"></span>de esta <span class=\"_ _6\"></span>nueva <span class=\"_ _6\"></span>filial, en La <span class=\"_ _6\"></span>Galera (Tarragona). Adem\u00e1s de <span class=\"_ _6\"></span>contribuir <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la protecci\u00f3n <span class=\"_ _6\"></span>del medio <span class=\"_ _6\"></span>ambiente <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>trav\u00e9s <span class=\"_ _6\"></span>de su <span class=\"_ _6\"></span>propia activ<span class=\"_ _6\"></span>idad, En<span class=\"_ _6\"></span>ce tiene como principio <span class=\"_ _e\"></span>llevar a <span class=\"_ _a\"></span>cab<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>cesos <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>dustriales con <span class=\"_ _a\"></span>el <span class=\"_ _1\"></span>m\u00e1ximo <span class=\"_ _e\"></span>resp<span class=\"_ _6\"></span>eto <span class=\"_ _e\"></span>por e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>entorno,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>aplic<span class=\"_ _6\"></span>ando <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>mejores t\u00e9cnicas dispo<span class=\"_ _6\"></span>nibles y la mejora con<span class=\"_ _6\"></span>tinua<span class=\"_ _6\"></span> para redu<span class=\"_ _6\"></span>cir el impacto ambiental d<span class=\"_ _6\"></span>e sus activ<span class=\"_ _6\"></span>idades en t\u00e9rminos de consumo de recurs<span class=\"_ _6\"></span>os, generaci\u00f3n de resid<span class=\"_ _6\"></span>uos, emisione<span class=\"_ _6\"></span>s, efluentes, ruido<span class=\"_ _6\"></span>s u olores entre otros<span class=\"_ _6\"></span>.<span class=\"_ _15\"></span> Este <span class=\"_ _1e\"> </span>compromiso <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>Ence <span class=\"_ _1e\"> </span>se <span class=\"_ _1e\"> </span>trad<span class=\"_ _6\"></span>uce <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>importa<span class=\"_ _6\"></span>ntes <span class=\"_ _17\"> </span>inv<span class=\"_ _6\"></span>ersiones <span class=\"_ _1e\"> </span>para <span class=\"_ _17\"> </span>aplicar <span class=\"_ _1e\"> </span>las <span class=\"_ _1e\"> </span>mejores <span class=\"_ _1e\"> </span>t\u00e9cn<span class=\"_ _6\"></span>icas disponibles <span class=\"_ _6\"></span>y mejorar <span class=\"_ _6\"></span>la eficiencia d<span class=\"_ _6\"></span>e los p<span class=\"_ _6\"></span>rocesos. <span class=\"_ _6\"></span>Se d<span class=\"_ _6\"></span>etallan a <span class=\"_ _6\"></span>continuaci\u00f3n <span class=\"_ _6\"></span>el valor d<span class=\"_ _6\"></span>e las inversiones<span class=\"_ _6\"></span> de car\u00e1cter medioambiental ej<span class=\"_ _6\"></span>ecutadas<span class=\"_ _6\"></span> en 2024: Miles de Euros Negocio celulosa 9.309 Negocio renovables 1.657 10.966<span class=\"ls0_1\"> </span>As\u00ed, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>compa\u00f1\u00eda <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e comp<span class=\"_ _6\"></span>romete con <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>mejora <span class=\"_ _6\"></span>continua <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>desempe\u00f1o <span class=\"_ _6\"></span>ambienta<span class=\"_ _6\"></span>l imp<span class=\"_ _6\"></span>ulsad<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>por la <span class=\"_ _15\"></span>alta direcci\u00f3n <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>compartida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>to<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>organizaci\u00f3n<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Pero <span class=\"_ _6\"></span>Ence es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>consciente <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>huella <span class=\"_ _6\"></span>ambienta<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su actividad <span class=\"_ _6\"></span>trasciende el <span class=\"_ _6\"></span>alcance op<span class=\"_ _6\"></span>erativo de <span class=\"_ _6\"></span>la compa\u00f1\u00eda,<span class=\"_ _6\"></span> por lo <span class=\"_ _6\"></span>que extiende <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>compromiso con <span class=\"_ _6\"></span>el medio ambiente a lo largo<span class=\"_ _6\"></span> de todas l<span class=\"_ _6\"></span>as fas<span class=\"_ _6\"></span>es de su cad<span class=\"_ _6\"></span>ena de valor, tan<span class=\"_ _6\"></span>to en su<span class=\"_ _6\"></span> actividad forestal y d<span class=\"_ _6\"></span>e producci\u00f3n de <span class=\"_ _18\"> </span>celulosa <span class=\"_ _18\"> </span>como <span class=\"_ _1e\"> </span>en <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>g<span class=\"_ _6\"></span>eneraci\u00f3n <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>ener<span class=\"_ _6\"></span>g\u00eda, <span class=\"_ _18\"> </span>hacien<span class=\"_ _6\"></span>do <span class=\"_ _1e\"> </span>especial <span class=\"_ _18\"> </span>foco <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>pote<span class=\"_ _6\"></span>nciales <span class=\"_ _18\"> </span>impactos<span class=\"_ _6\"></span> ambientales <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>cadena <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>uministro <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>trasladando <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>sus <span class=\"_ _11\"></span>proveedores <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e1xi<span class=\"_ _6\"></span>mo <span class=\"_ _0\"></span>ni<span class=\"_ _6\"></span>vel <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>exigencia ambiental en las op<span class=\"_ _6\"></span>eraciones. Cumplimiento no<span class=\"_ _6\"></span>rmativo y mejores t\u00e9cn<span class=\"_ _6\"></span>icas disponibles<span class=\"_ _6\"></span> Aunque la ambici\u00f3n de la compa\u00f1\u00eda va m\u00e1s all\u00e1 de las obligaciones legales, el compromiso medioa<span class=\"_ _6\"></span>mbiental de <span class=\"_ _6\"></span>Ence <span class=\"_ _6\"></span>pasa <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rimer lugar <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cumplimiento <span class=\"_ _6\"></span>riguro<span class=\"_ _6\"></span>so <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>exhaustivo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e la <span class=\"_ _15\"></span>normativa <span class=\"_ _6\"></span>vigente <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>que se <span class=\"_ _0\"></span>establecen <span class=\"_ _11\"></span>los <span class=\"_ _0\"></span>requisitos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>deben <span class=\"_ _11\"></span>cumplir <span class=\"_ _11\"></span>todas <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>activid<span class=\"_ _6\"></span>ades <span class=\"_ _0\"></span>relacionad<span class=\"_ _6\"></span>as <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>roducci\u00f3n <span class=\"_ _11\"></span>de celulosa <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _15\"></span>renovab<span class=\"_ _6\"></span>le, <span class=\"_ _15\"></span>as\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>aptaci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _10\"></span>Mejores <span class=\"_ _15\"></span>T\u00e9cnicas <span class=\"_ _10\"></span>Disponib<span class=\"_ _6\"></span>les (MTD) <span class=\"_ _6\"></span>estab<span class=\"_ _6\"></span>lecidas <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>documentos <span class=\"_ _15\"></span>BREF <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>indu<span class=\"_ _6\"></span>stria <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>pasta<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>papel <span class=\"_ _6\"></span>(<span class=\"_ _15\"></span><span class=\"ff9\">Best <span class=\"_ _6\"></span>Availa<span class=\"_ _6\"></span>ble <span class=\"_ _15\"></span>Thecniqu<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>in </span>the Pu<span class=\"_ _6\"></span>lp and<span class=\"_ _6\"></span> Paper <span class=\"_ _6\"></span>Industry 2014<span class=\"_ _6\"></span><span class=\"ff4\">) <span class=\"_ _6\"></span>aprobado <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la Comisi\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>del Medio <span class=\"_ _6\"></span>Ambiente <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Parlamento <span class=\"_ _6\"></span>Europeo<span class=\"_ _6\"></span> </span>y las MTD conforme a la Directiv<span class=\"_ _6\"></span>a 2010/75/UE par<span class=\"_ _6\"></span>a las grandes ins<span class=\"_ _6\"></span>talaciones de combu<span class=\"_ _6\"></span>sti\u00f3n (GIC) en 2017<span class=\"_ _6\"></span><span class=\"lsf\">. </span> Todas las <span class=\"_ _e\"></span>plantas i<span class=\"_ _1\"></span>ndustriales de <span class=\"_ _e\"></span>Ence <span class=\"_ _1\"></span>cuentan con <span class=\"_ _e\"></span>su Autori<span class=\"_ _1\"></span>zaci\u00f3n Am<span class=\"_ _1\"></span>biental Integrada <span class=\"_ _e\"></span>(AAI) o <span class=\"_ _e\"></span>Autorizaci\u00f3n Sectorial, <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se establecen <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>condiciones para <span class=\"_ _e\"></span>la operaci\u00f3n <span class=\"_ _e\"></span>de la <span class=\"_ _e\"></span>insta<span class=\"_ _6\"></span>laci\u00f3n <span class=\"_ _1\"></span>desde e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>punto de <span class=\"_ _e\"></span>vista ambiental. <span class=\"_ _15\"></span>En<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>estas <span class=\"_ _15\"></span>au<span class=\"_ _6\"></span>torizaciones <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>fijan <span class=\"_ _15\"></span>tambi\u00e9n <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alores <span class=\"_ _15\"></span>l\u00edmites <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n, <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>planes <span class=\"_ _15\"></span>de vigilancia <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>todo<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>asp<span class=\"_ _6\"></span>ectos <span class=\"_ _6\"></span>ambientales <span class=\"_ _15\"></span>re<span class=\"_ _6\"></span>levantes. <span class=\"_ _10\"></span>Ence <span class=\"_ _15\"></span>pone <span class=\"_ _15\"></span>todas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>medidas <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>alcan<span class=\"_ _6\"></span>ce <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara cumplir <span class=\"_ _1c\"> </span>e <span class=\"_ _17\"> </span>incluso <span class=\"_ _1c\"> </span>mejorar <span class=\"_ _1c\"> </span>estos <span class=\"_ _1c\"> </span>valores <span class=\"_ _17\"> </span>l\u00edmite <span class=\"_ _1c\"> </span>fijados <span class=\"_ _1c\"> </span>por <span class=\"_ _1c\"> </span>la <span class=\"_ _17\"> </span>AAI <span class=\"_ _1c\"> </span>e <span class=\"_ _17\"> </span>informa <span class=\"_ _1c\"> </span>peri\u00f3dicamente <span class=\"_ _1c\"> </span>a <span class=\"_ _17\"> </span>las<span class=\"_ _6\"></span> administraciones  correspondientes  de  su  e<span class=\"_ _1\"></span>voluci\u00f3n.  Las<span class=\"_ _6\"></span>  AAI  de <span class=\"_ _12\"> </span>las  plantas  de  Ence <span class=\"_ _12\"> </span>est\u00e1n  disponib<span class=\"_ _6\"></span>les p\u00fablicamente en los registro<span class=\"_ _6\"></span>s de las corres<span class=\"_ _6\"></span>pondientes comun<span class=\"_ _6\"></span>idades aut\u00f3<span class=\"_ _6\"></span>nomas. <span class=\"_ _6\"></span> Modelo y sistema de gesti\u00f3n<span class=\"_ _6\"></span> ambiental<span class=\"_ _6\"></span> Los  principio<span class=\"_ _6\"></span>s  de  gesti\u00f3n <span class=\"_ _18\"> </span>ambiental  de  Enc<span class=\"_ _6\"></span>e  est\u00e1n  rec<span class=\"_ _6\"></span>ogidos  en  la <span class=\"_ _18\"> </span>Pol\u00edtica  de  Me<span class=\"_ _6\"></span>dioambiente  de <span class=\"_ _18\"> </span>la compa\u00f1\u00eda, aprobada <span class=\"_ _e\"></span>por e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>Consejo de <span class=\"_ _e\"></span>Administraci\u00f3n en<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>2024, <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _1\"></span>tiene <span class=\"_ _e\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _1\"></span>objeto <span class=\"_ _e\"></span>mejorar su <span class=\"_ _e\"></span>desempe\u00f1o m\u00e1s <span class=\"_ _10\"></span>all\u00e1 <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>cumplim<span class=\"_ _6\"></span>iento <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>normativa <span class=\"_ _0\"></span>vigente, <span class=\"_ _10\"></span>apli<span class=\"_ _6\"></span>ca<span class=\"_ _6\"></span>ndo <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>principios<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>prevenci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>precauci\u00f3n <span class=\"_ _0\"></span>y mejora <span class=\"_ _15\"></span>continua.<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>En <span class=\"_ _10\"></span>este <span class=\"_ _15\"></span>sen<span class=\"_ _6\"></span>tido, <span class=\"_ _10\"></span>desde <span class=\"_ _15\"></span>hace <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>15 <span class=\"_ _10\"></span>a\u00f1os<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>Ence <span class=\"_ _10\"></span>aplica <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>modelo <span class=\"_ _10\"></span>TQM <span class=\"_ _15\"></span>(<span class=\"_ _10\"></span><span class=\"ff9\">Total <span class=\"_ _10\"></span>Quality </span>Management<span class=\"_ _6\"></span><span class=\"ff4\">) <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>est\u00e1ndar <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>trans<span class=\"_ _6\"></span>formaci\u00f3n <span class=\"_ _6\"></span>cultura<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>gesti\u00f3n, <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>aborda <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>forma <span class=\"_ _15\"></span>integrada <span class=\"_ _15\"></span>los </span>aspectos  de <span class=\"_ _12\"> </span>sostenib<span class=\"_ _6\"></span>ilidad,  c<span class=\"_ _1\"></span>alidad,  seguridad <span class=\"_ _12\"> </span>y  salud, <span class=\"_ _12\"> </span>respeto  al <span class=\"_ _12\"> </span>medio <span class=\"_ _12\"> </span>ambient<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>revenci\u00f3n  de <span class=\"_ _11\"> </span>la<span class=\"_ _6\"></span> contaminaci\u00f3n. <span class=\"_ _15\"></span>En <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>marco <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>este <span class=\"_ _15\"></span>modelo, <span class=\"_ _15\"></span>anu<span class=\"_ _6\"></span>almente <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>establecen <span class=\"_ _15\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>serie <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Objetivos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Mejora Fundamental (OMF) ori<span class=\"_ _6\"></span>entados a mejorar <span class=\"_ _6\"></span>los distintos v<span class=\"_ _6\"></span>ectores a<span class=\"_ _6\"></span>mbientales: \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Re<span class=\"_ _1\"></span>ducci\u00f3n del impacto oloro<span class=\"_ _6\"></span>so<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Re<span class=\"_ _1\"></span>ducci\u00f3n del impacto ac\u00fa<span class=\"_ _6\"></span>stico<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Re<span class=\"_ _1\"></span>ducci\u00f3n del impacto <span class=\"_ _6\"></span>en la calidad<span class=\"_ _6\"></span> del aire </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Re<span class=\"_ _1\"></span>ducci\u00f3n del impacto d<span class=\"_ _6\"></span>e nuestro<span class=\"_ _6\"></span>s vertidos </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Me<span class=\"_ _1\"></span>jora de la eficiencia <span class=\"_ _6\"></span>energ\u00e9tica<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Re<span class=\"_ _1\"></span>ducci\u00f3n del cons<span class=\"_ _6\"></span>umo de agu<span class=\"_ _6\"></span>a </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Re<span class=\"_ _1\"></span>ducci\u00f3n del cons<span class=\"_ _6\"></span>umo de materias p<span class=\"_ _6\"></span>rimas<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Re<span class=\"_ _1\"></span>ducci\u00f3n en la genera<span class=\"_ _6\"></span>ci\u00f3n de residuo<span class=\"_ _6\"></span>s y aumento d<span class=\"_ _6\"></span>e los ratios de <span class=\"_ _15\"></span>valorizaci\u00f3n </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Me<span class=\"_ _1\"></span>jora de la gobernan<span class=\"_ _6\"></span>za de los Sis<span class=\"_ _6\"></span>temas de Gesti\u00f3n <span class=\"_ _6\"></span> </span></span>Dentro <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>ese  m<span class=\"_ _1\"></span>odelo <span class=\"_ _12\"> </span>TQM<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>se <span class=\"_ _1a\"> </span>han <span class=\"_ _12\"> </span>desarrollado<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>est\u00e1ndares  operativos <span class=\"_ _11\"> </span>(procedimientos<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>etc.) <span class=\"_ _12\"> </span>que permiten el <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>trol <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>gesti\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>potenciales <span class=\"_ _6\"></span>impactos <span class=\"_ _6\"></span>ambientales. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>n el <span class=\"_ _6\"></span>marco <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>modelo <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>en l\u00ednea con <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>OMF an<span class=\"_ _6\"></span>uales, <span class=\"_ _6\"></span>se desarro<span class=\"_ _6\"></span>llan accion<span class=\"_ _6\"></span>es d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>mejora <span class=\"_ _6\"></span>bien pu<span class=\"_ _6\"></span>ntuales <span class=\"_ _6\"></span>(PDCA) o <span class=\"_ _6\"></span>bien <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>la gesti\u00f3n de <span class=\"_ _6\"></span>la <span class=\"_ _10\"></span>actividad <span class=\"_ _15\"></span>diaria <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>control <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>es<span class=\"_ _6\"></span>tabilidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>procesos <span class=\"_ _15\"></span>(SDCA), <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ello, <span class=\"_ _15\"></span>mejorar <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>desempe\u00f1o<span class=\"_ _6\"></span> ambiental de las ins<span class=\"_ _6\"></span>talaciones. <span class=\"_ _6\"></span> Adem\u00e1s, <span class=\"_ _10\"></span>Ence <span class=\"_ _10\"></span>dispone <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>Sistema <span class=\"_ _10\"></span>Integrado<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>Gesti\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>asegurar <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>todas <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>actividades <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la compa\u00f1\u00eda s<span class=\"_ _6\"></span>e realizan <span class=\"_ _6\"></span>de acu<span class=\"_ _6\"></span>erdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>su Po<span class=\"_ _6\"></span>l\u00edtica de <span class=\"_ _6\"></span>Gesti\u00f3n. E<span class=\"_ _6\"></span>l sis<span class=\"_ _6\"></span>tema est\u00e1 <span class=\"_ _6\"></span>implantado <span class=\"_ _6\"></span>de acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> siguientes normas<span class=\"_ _6\"></span> internacionales:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _2d\"> </span><span class=\"ff4 fc0_1\">UNE-<span class=\"ls12\">EN</span>-ISO 9001, de gesti\u00f3n d<span class=\"_ _6\"></span>e la calidad<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _2d\"> </span><span class=\"ff4 fc0_1\">UNE-<span class=\"ls12\">EN</span>-ISO 14001, de gesti\u00f3<span class=\"_ _6\"></span>n medioambiental<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _2d\"> </span><span class=\"ff4 fc0_1\">UNE-<span class=\"ls12\">EN</span>-ISO 45001, de gesti\u00f3<span class=\"_ _6\"></span>n de la seguridad<span class=\"_ _6\"></span> y la salud en el trabaj<span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _2d\"> </span><span class=\"ff4 fc0_1\">UNE-<span class=\"ls12\">EN</span>-ISO 50001 de gesti\u00f3<span class=\"_ _6\"></span>n de la energ\u00eda<span class=\"_ _6\"></span> </span></span>Este <span class=\"_ _1b\"> </span>sistema <span class=\"_ _1c\"> </span>est\u00e1 <span class=\"_ _1b\"> </span>certificado <span class=\"_ _1b\"> </span>por <span class=\"_ _1b\"> </span>un <span class=\"_ _1c\"> </span>organismo <span class=\"_ _1b\"> </span>acreditado <span class=\"_ _1b\"> </span>que <span class=\"_ _1c\"> </span>realiza <span class=\"_ _1b\"> </span>anualmente <span class=\"_ _1c\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span>auditor\u00edas correspondientes. <span class=\"_ _6\"></span> Las <span class=\"_ _10\"></span>biof\u00e1b<span class=\"_ _6\"></span>ricas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Pontevedra <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>N<span class=\"_ _6\"></span>avia <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>fueron <span class=\"_ _10\"></span>pion<span class=\"_ _6\"></span>eras <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>sus <span class=\"_ _10\"></span>res<span class=\"_ _6\"></span>pectivas <span class=\"_ _10\"></span>Comunidades <span class=\"_ _10\"></span>Au<span class=\"_ _6\"></span>t\u00f3nomas <span class=\"_ _10\"></span>en adherirse al Reglamento 1221/2009 de la Uni\u00f3n Europea de Ecogesti\u00f3n y Ecoauditor\u00eda (EMAS). Para formar parte <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>este <span class=\"_ _e\"></span>reg<span class=\"_ _6\"></span>istro, las <span class=\"_ _e\"></span>instalaciones deben <span class=\"_ _e\"></span>reali<span class=\"_ _6\"></span>zar y <span class=\"_ _e\"></span>auditar por <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _1\"></span>organismo acreditado <span class=\"_ _e\"></span>independ<span class=\"_ _6\"></span>iente su <span class=\"_ _17\"> </span>Declaraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>Ambiental <span class=\"_ _1c\"> </span>anual, <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>ocumento <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>el <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>se <span class=\"_ _1c\"> </span>reportan <span class=\"_ _17\"> </span>sus <span class=\"_ _17\"> </span>p<span class=\"_ _6\"></span>rincipales <span class=\"_ _17\"> </span>indicad<span class=\"_ _6\"></span>ores <span class=\"_ _17\"> </span>de desempe\u00f1o ambiental, as\u00ed como sus objetivos anuales <span class=\"_ _1\"></span>y su <span class=\"_ _1\"></span>nivel de cumplimiento. Adem\u00e1s, desde 2024<span class=\"_ _1\"></span>, las dos <span class=\"_ _0\"></span>Biof\u00e1bricas <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>celulosa, <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>encu<span class=\"_ _6\"></span>entran <span class=\"_ _0\"></span>certificadas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>tambi\u00e9n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Norma <span class=\"_ _0\"></span>ISO <span class=\"_ _0\"></span>22001 <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e seguridad alimentaria.<span class=\"_ _6\"></span> Otras certificaciones de<span class=\"_ _6\"></span> excelenc<span class=\"_ _6\"></span>ia ambiental<span class=\"_ _6\"></span> El excelente desempe\u00f1o ambiental de las biof\u00e1bricas de Ence permite que <span class=\"_ _1\"></span>la celulosa que produ<span class=\"_ _6\"></span>cen cuente tambi\u00e9n <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>etiqueta <span class=\"_ _10\"></span>Nordic <span class=\"_ _10\"></span>Swan <span class=\"_ _10\"></span>Ecolabel. <span class=\"_ _10\"></span>Tras <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>riguro<span class=\"_ _6\"></span>so <span class=\"_ _10\"></span>proceso <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>evaluaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>impacto <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el<span class=\"_ _6\"></span> medio  ambiente  de  los <span class=\"_ _18\"> </span>productos  a  lo  largo  de  tod<span class=\"_ _6\"></span>o  su  ciclo  de  vida,  esta  ecoetiqu<span class=\"_ _6\"></span>eta  garantiza  el cumplimiento <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>su<span class=\"_ _6\"></span>s <span class=\"_ _1e\"> </span>exigentes <span class=\"_ _17\"> </span>requisito<span class=\"_ _6\"></span>s <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>materia <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>mitigaci\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>ca<span class=\"_ _6\"></span>mbio <span class=\"_ _1e\"> </span>cli<span class=\"_ _6\"></span>m\u00e1tico, <span class=\"_ _17\"> </span>eficiencia energ\u00e9tica <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>so <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>recursos <span class=\"_ _10\"></span>(agua, <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roductos <span class=\"_ _10\"></span>qu\u00edmicos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>materias <span class=\"_ _10\"></span>primas<span class=\"_ _6\"></span>). <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>celulos<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>produ<span class=\"_ _6\"></span>cida <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las biof\u00e1bricas de Ence tambi\u00e9n ha s<span class=\"_ _6\"></span>ido validada como materia prima de acuerdo con la Decisi\u00f3n<span class=\"_ _6\"></span> (EU) 2019/70 de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Uni\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Eu<span class=\"_ _6\"></span>ropea <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>establecen <span class=\"_ _10\"></span>los <span class=\"_ _15\"></span>criterios <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>Etiq<span class=\"_ _6\"></span>ueta <span class=\"_ _15\"></span>Ecol\u00f3gica <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>UE <span class=\"_ _15\"></span>(EU <span class=\"_ _10\"></span>Ecolabel) para el papel gr\u00e1fico, par<span class=\"_ _6\"></span>a el papel tis\u00fa y<span class=\"_ _6\"></span> los p<span class=\"_ _6\"></span>roductos de papel tis\u00fa<span class=\"_ _6\"></span>.  Tambi\u00e9n, <span class=\"_ _6\"></span>desde <span class=\"_ _15\"></span>2021, <span class=\"_ _6\"></span>Ence <span class=\"_ _15\"></span>tiene <span class=\"_ _6\"></span>implanta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>sistema <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ges<span class=\"_ _6\"></span>ti\u00f3n <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>demostrar <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>sostenibilidad <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la biomasa <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>utiliza <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>sus <span class=\"_ _17\"> </span>instalaciones <span class=\"_ _17\"> </span>seg\u00fan <span class=\"_ _17\"> </span>el <span class=\"_ _1e\"> </span>es<span class=\"_ _6\"></span>quema <span class=\"_ _1e\"> </span>alem\u00e1n <span class=\"_ _17\"> </span>SURE <span class=\"_ _17\"> </span>System. <span class=\"_ _17\"> </span>Este <span class=\"_ _17\"> </span>sistema <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e certificaci\u00f3n es una de las <span class=\"_ _1\"></span>herramientas desarrolladas<span class=\"_ _6\"></span> para asegurar el cum<span class=\"_ _1\"></span>plimiento de las exigencias de la Directiva <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>Energ\u00edas <span class=\"_ _11\"> </span>Renovab<span class=\"_ _6\"></span>les <span class=\"_ _11\"> </span>(UE) <span class=\"_ _11\"></span>2018/2001, <span class=\"_ _11\"> </span>norma <span class=\"_ _12\"> </span>europea <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>establece <span class=\"_ _11\"> </span>exige<span class=\"_ _6\"></span>ntes <span class=\"_ _11\"> </span>criterios <span class=\"_ _11\"> </span>de<span class=\"_ _6\"></span> sostenibilidad<span class=\"_ _6\"></span> que debe cumplir la b<span class=\"_ _6\"></span>iomasa empleada en la <span class=\"_ _6\"></span>generaci\u00f3n en<span class=\"_ _6\"></span>erg\u00e9tica. <span class=\"_ _6\"></span> En <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>a\u00f1o <span class=\"_ _15\"></span>2024, <span class=\"_ _15\"></span>Ence <span class=\"_ _15\"></span>tambi\u00e9n <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>sido <span class=\"_ _15\"></span>recon<span class=\"_ _6\"></span>ocida <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>egundo <span class=\"_ _15\"></span>a\u00f1o <span class=\"_ _15\"></span>consecutiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>medalla <span class=\"_ _10\"></span>platino <span class=\"_ _10\"></span>de Ecovadis,<span class=\"_ _6\"></span> la <span class=\"_ _e\"></span>m\u00e1xima calificaci\u00f3n que <span class=\"_ _1\"></span>otorga esta <span class=\"_ _1\"></span>plataforma especializada e<span class=\"_ _1\"></span>n evaluar la <span class=\"_ _e\"></span>sos<span class=\"_ _6\"></span>tenibilidad de <span class=\"_ _1\"></span>las compa\u00f1\u00edas. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>untuaci\u00f3n <span class=\"_ _6\"></span>alcanzada <span class=\"_ _6\"></span>sit\u00faa <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>nce <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vanguardia <span class=\"_ _6\"></span>mundial <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>materia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sostenibilid<span class=\"_ _6\"></span>ad, en concreto <span class=\"_ _e\"></span>en el <span class=\"_ _a\"></span>per<span class=\"_ _6\"></span>centil <span class=\"_ _1\"></span>99 <span class=\"_ _e\"></span>del sector. <span class=\"_ _a\"></span>Ade<span class=\"_ _6\"></span>m\u00e1s, <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>2024, Ence <span class=\"_ _1\"></span>ha <span class=\"_ _e\"></span>vu<span class=\"_ _6\"></span>elto <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>demostrar <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>posici\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>liderazgo<span class=\"_ _6\"></span> mundial en <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u sector <span class=\"_ _1\"></span>en cuestiones <span class=\"_ _1\"></span>ambientales, sociales y <span class=\"_ _e\"></span>de gobierno corporativo, <span class=\"_ _1\"></span>se<span class=\"_ _6\"></span>g\u00fan la agencia <span class=\"_ _e\"></span>glob<span class=\"_ _6\"></span>al de  inves<span class=\"_ _6\"></span>tigaci\u00f3n, <span class=\"_ _18\"> </span>calificaci\u00f3n  y<span class=\"_ _6\"></span>  dat<span class=\"_ _6\"></span>os  ESG <span class=\"_ _18\"> </span>(medioambientales, <span class=\"_ _18\"> </span>sociales  y<span class=\"_ _6\"></span>  de <span class=\"_ _18\"> </span>gobernanza)  Morn<span class=\"_ _6\"></span>ingstar Sustainalytics<span class=\"_ _6\"></span>, que recie<span class=\"_ _1\"></span>ntemente ha establecido en 93 pu<span class=\"_ _1\"></span>ntos sobre 100 <span class=\"_ _1\"></span>la puntuaci\u00f3n de la <span class=\"_ _1\"></span>empresa en lo relativo a estos a<span class=\"_ _6\"></span>spectos. Avanzando hacia la econ<span class=\"_ _6\"></span>om\u00eda circular<span class=\"_ _6\"></span> Ence contrib<span class=\"_ _6\"></span>uye a <span class=\"_ _6\"></span>avanzar hacia un<span class=\"_ _6\"></span>a econom\u00eda <span class=\"_ _6\"></span>circular <span class=\"_ _6\"></span>poniendo en el <span class=\"_ _6\"></span>mercado pro<span class=\"_ _6\"></span>ductos pro<span class=\"_ _6\"></span>cedentes de fuentes <span class=\"_ _6\"></span>renovab<span class=\"_ _6\"></span>les <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>es <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>asta <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>celulosa, <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>sus <span class=\"_ _6\"></span>clientes <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>tilizan <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>su <span class=\"_ _6\"></span>vez <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>fabricar <span class=\"_ _15\"></span>productos finales <span class=\"_ _15\"></span>reciclabl<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>biodegradables<span class=\"_ _6\"></span>. <span class=\"_ _15\"></span>Ad<span class=\"_ _6\"></span>em\u00e1s, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>t\u00e9rminos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>pro<span class=\"_ _6\"></span>ducci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>energ\u00eda, <span class=\"_ _10\"></span>ofrece <span class=\"_ _15\"></span>una <span class=\"_ _10\"></span>so<span class=\"_ _6\"></span>luci\u00f3n para <span class=\"_ _12\"> </span>la  ge<span class=\"_ _1\"></span>sti\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>restos <span class=\"_ _12\"> </span>agr\u00edcolas <span class=\"_ _12\"> </span>y  forestales, <span class=\"_ _11\"> </span>v<span class=\"_ _6\"></span>alorizando <span class=\"_ _12\"> </span>la  biomasa <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>generaci\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>energ\u00eda renovable y circularizan<span class=\"_ _6\"></span>do estos sectores t<span class=\"_ _6\"></span>an relevantes para el medio rural. <span class=\"_ _15\"></span> Adem\u00e1s, <span class=\"_ _19\"> </span>e<span class=\"_ _1\"></span>l <span class=\"_ _1b\"> </span>mod<span class=\"_ _6\"></span>elo <span class=\"_ _1b\"> </span>de <span class=\"_ _19\"> </span>negocio <span class=\"_ _19\"> </span>de <span class=\"_ _1b\"> </span>biog\u00e1s <span class=\"_ _19\"> </span>es <span class=\"_ _1b\"> </span>otro <span class=\"_ _19\"> </span>ejemplo <span class=\"_ _1b\"> </span>de <span class=\"_ _19\"> </span>e<span class=\"_ _1\"></span>conom\u00eda <span class=\"_ _19\"> </span>circular <span class=\"_ _1b\"> </span>b<span class=\"_ _6\"></span>asado <span class=\"_ _19\"> </span>en <span class=\"_ _1b\"> </span>el reaprovechamiento <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>restos<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>agro<span class=\"_ _6\"></span>ganaderos <span class=\"_ _1e\"> </span>contribu<span class=\"_ _6\"></span>yendo <span class=\"_ _18\"> </span>a <span class=\"_ _1e\"> </span>solucion<span class=\"_ _6\"></span>ar <span class=\"_ _18\"> </span>el <span class=\"_ _1e\"> </span>problema <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>gesti\u00f3n transform\u00e1ndolos<span class=\"_ _6\"></span> en produ<span class=\"_ _6\"></span>ctos de alto valor a\u00f1adid<span class=\"_ _6\"></span>o como biocombus<span class=\"_ _6\"></span>tibles y fertilizantes.<span class=\"_ _15\"></span> Ence <span class=\"_ _e\"></span>aplica los <span class=\"_ _a\"></span>principio<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>econ<span class=\"_ _6\"></span>om\u00eda <span class=\"_ _e\"></span>circular <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>propios <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>rocesos <span class=\"_ _e\"></span>productiv<span class=\"_ _6\"></span>os, <span class=\"_ _e\"></span>buscand<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>alternativ<span class=\"_ _6\"></span>as para <span class=\"_ _6\"></span>redu<span class=\"_ _6\"></span>cir <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>umo <span class=\"_ _15\"></span>espec\u00edfico <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>materiales, <span class=\"_ _15\"></span>especialmente <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>agu<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>y <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _6\"></span>mini<span class=\"_ _6\"></span>mizar <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>generaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> recuperar <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>mayor <span class=\"_ _6\"></span>can<span class=\"_ _6\"></span>tidad <span class=\"_ _6\"></span>posible <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>residuos. <span class=\"_ _15\"></span>Adicionalmente, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>t\u00e1 <span class=\"_ _6\"></span>trab<span class=\"_ _6\"></span>ajando <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>alorizaci\u00f3n <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> residuos como <span class=\"_ _e\"></span>lodos calizos, <span class=\"_ _1\"></span>escorias o <span class=\"_ _e\"></span>cenizas, convirti\u00e9ndolos <span class=\"_ _e\"></span>en subproductos y <span class=\"_ _e\"></span>encontrando nichos <span class=\"_ _1\"></span>para dar <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>nuevo <span class=\"_ _10\"></span>uso <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>estas <span class=\"_ _10\"></span>materias <span class=\"_ _10\"></span>primas <span class=\"_ _10\"></span>secundarias<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>participand<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>royectos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>investigaci\u00f3n <span class=\"_ _10\"></span>para desarrollar <span class=\"_ _11\"> </span>nuevos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>productos <span class=\"_ _11\"></span>o <span class=\"_ _11\"></span>lograr <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>clasificaci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>subp<span class=\"_ _6\"></span>roducto <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>residuos <span class=\"_ _11\"> </span>generados <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>las plantas d<span class=\"_ _6\"></span>e energ\u00eda. En <span class=\"_ _6\"></span>cuan<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>desempe\u00f1o <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>econ<span class=\"_ _6\"></span>om\u00eda <span class=\"_ _6\"></span>circular, <span class=\"_ _15\"></span>todas <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>instalaciones<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>indus<span class=\"_ _6\"></span>triales <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Ence <span class=\"_ _6\"></span>cuentan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>el certificado  Residuo <span class=\"_ _12\"> </span>Cero  de <span class=\"_ _12\"> </span>AEN<span class=\"_ _6\"></span>OR, <span class=\"_ _1a\"> </span>que <span class=\"_ _12\"> </span>recon<span class=\"_ _6\"></span>oce <span class=\"_ _12\"> </span>a  aquellas  instalaciones <span class=\"_ _1a\"> </span>referentes  en <span class=\"_ _12\"> </span>la  ge<span class=\"_ _1\"></span>sti\u00f3n  y valorizaci\u00f3n de resid<span class=\"_ _6\"></span>uos que recuperan al menos<span class=\"_ _6\"></span> el <span class=\"_ _6\"></span>90% de s<span class=\"_ _6\"></span>us residuos. En <span class=\"_ _e\"></span>este <span class=\"_ _e\"></span>\u00e1mbito, <span class=\"_ _e\"></span>en 2024<span class=\"_ _1\"></span>, <span class=\"_ _e\"></span>Mag<span class=\"_ _6\"></span>non <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>certifi<span class=\"_ _6\"></span>cado <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>prim<span class=\"_ _6\"></span>era <span class=\"_ _e\"></span>vez <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>c<span class=\"_ _6\"></span>ertificado <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>A<span class=\"_ _6\"></span>ENOR <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>Estra<span class=\"_ _6\"></span>tegia de <span class=\"_ _6\"></span>Econom\u00eda <span class=\"_ _6\"></span>Circular. <span class=\"_ _15\"></span>Este <span class=\"_ _6\"></span>re<span class=\"_ _6\"></span>conocimiento <span class=\"_ _6\"></span>visibiliza <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>strategia <span class=\"_ _6\"></span>Circular <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>Magnon, <span class=\"_ _6\"></span>aprob<span class=\"_ _6\"></span>ada <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> alineada <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>Plan <span class=\"_ _0\"></span>Director <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>Sos<span class=\"_ _6\"></span>tenibilidad <span class=\"_ _0\"></span>(2024-2028) <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>nce, <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>basa<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>cuatro <span class=\"_ _0\"></span>ejes: producci\u00f3n renov<span class=\"_ _6\"></span>able y ecoeficiente; cons<span class=\"_ _6\"></span>umo sostenible y<span class=\"_ _6\"></span> responsable<span class=\"_ _6\"></span>; gesti\u00f3n de residuos o<span class=\"_ _6\"></span>rientada a la circularidad; <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>conocimiento<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>cooperaci\u00f3n, <span class=\"_ _10\"></span>forma<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>empleo <span class=\"_ _10\"></span>circular. <span class=\"_ _0\"></span>De <span class=\"_ _15\"></span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>s<span class=\"_ _15\"></span>u <span class=\"_ _10\"></span>Es<span class=\"_ _6\"></span>trategia <span class=\"_ _10\"></span>de Circularidad, <span class=\"_ _11\"></span>Magnon <span class=\"_ _0\"></span>promueve <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>so <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>recurs<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>renovables, <span class=\"_ _11\"></span>minimizando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>uso <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>fuentes <span class=\"_ _0\"></span>f\u00f3siles <span class=\"_ _11\"></span>y fomentando <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>incorpo<span class=\"_ _6\"></span>raci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>materias <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>rimas <span class=\"_ _15\"></span>secund<span class=\"_ _6\"></span>arias <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>persiguen <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>exc<span class=\"_ _6\"></span>elencia <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>t\u00e9rminos <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e ambientales y de s<span class=\"_ _6\"></span>eguridad. Mitigaci\u00f3n del camb<span class=\"_ _6\"></span>io clim\u00e1tico y hu<span class=\"_ _6\"></span>ella de carbono<span class=\"_ _6\"></span> Ence contrib<span class=\"_ _6\"></span>uye a <span class=\"_ _6\"></span>mitigar el cambio<span class=\"_ _6\"></span> clim\u00e1tico <span class=\"_ _6\"></span>a trav<span class=\"_ _6\"></span>\u00e9s de su <span class=\"_ _6\"></span>propio mod<span class=\"_ _6\"></span>elo de <span class=\"_ _6\"></span>negocio ya <span class=\"_ _6\"></span>que, gracias <span class=\"_ _6\"></span>a su actividad de ge<span class=\"_ _1\"></span>neraci\u00f3n de <span class=\"_ _e\"></span>energ\u00eda renovable (electricidad, biog\u00e1s y <span class=\"_ _1\"></span>calor industrial), <span class=\"_ _1\"></span>apoya la <span class=\"_ _e\"></span>trans<span class=\"_ _6\"></span>ici\u00f3n del modelo <span class=\"_ _15\"></span>energ\u00e9tico <span class=\"_ _10\"></span>espa\u00f1ol <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>aporta <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>tipo <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>es <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>generada <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>b<span class=\"_ _6\"></span>iomasa <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>no <span class=\"_ _10\"></span>solo <span class=\"_ _15\"></span>es renovable, sino que adem\u00e1s es gestionable, un factor con el <span class=\"_ _1\"></span>que otras tecnolog\u00edas de generaci\u00f3n renovable no cuentan. Adicionalmente, este aprovechami<span class=\"_ _6\"></span>ento de la b<span class=\"_ _6\"></span>iomasa excedentaria repr<span class=\"_ _6\"></span>esenta una alternativa energ\u00e9tica sostenible con <span class=\"_ _e\"></span>gra<span class=\"_ _6\"></span>ndes ventajas medioambientales de <span class=\"_ _e\"></span>reducci\u00f3n de emisiones y <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e contribuci\u00f3n a la transici\u00f3n <span class=\"_ _1\"></span>hacia un modelo e<span class=\"_ _1\"></span>nerg\u00e9tico bajo en carbono, <span class=\"_ _1\"></span>en l\u00ednea con <span class=\"_ _1\"></span>las directrices de <span class=\"_ _e\"></span>la Uni\u00f3n Euro<span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ea y con la pol\u00edtica <span class=\"_ _6\"></span>energ\u00e9tica espa\u00f1o<span class=\"_ _6\"></span>la. Por otra <span class=\"_ _1\"></span>parte, con <span class=\"_ _1\"></span>su negocio <span class=\"_ _e\"></span>de producci\u00f3n de <span class=\"_ _1\"></span>celulosa, Ence <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>tribuye a <span class=\"_ _1\"></span>cambiar el <span class=\"_ _e\"></span>mo<span class=\"_ _6\"></span>delo de <span class=\"_ _e\"></span>cons<span class=\"_ _6\"></span>umo de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>sociedad, <span class=\"_ _6\"></span>ofreciendo <span class=\"_ _6\"></span>alt<span class=\"_ _6\"></span>ernativas <span class=\"_ _6\"></span>reno<span class=\"_ _6\"></span>vables, <span class=\"_ _6\"></span>reciclables <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>menor h<span class=\"_ _6\"></span>uella <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>carbon<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>productos como los pl\u00e1stico<span class=\"_ _6\"></span>s. Adem\u00e1s <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>su <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>tribuci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>trav\u00e9s<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>pro<span class=\"_ _6\"></span>pio <span class=\"_ _15\"></span>modelo <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>negocio <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>compa\u00f1\u00eda, <span class=\"_ _10\"></span>Ence <span class=\"_ _15\"></span>ta<span class=\"_ _6\"></span>mbi\u00e9n <span class=\"_ _15\"></span>trabaja para <span class=\"_ _10\"></span>reducir <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>emisiones <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>gases<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>efecto <span class=\"_ _10\"></span>invernadero <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>operacion<span class=\"_ _6\"></span>es. <span class=\"_ _10\"></span> <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>este <span class=\"_ _10\"></span>sentido, <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>2023 Ence <span class=\"_ _11\"> </span>defini\u00f3 <span class=\"_ _11\"> </span>u<span class=\"_ _6\"></span>n <span class=\"_ _11\"> </span>plan <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>descarbonizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>con <span class=\"_ _12\"> </span>horizon<span class=\"_ _6\"></span>te <span class=\"_ _11\"> </span>2035. <span class=\"_ _11\"> </span>En <span class=\"_ _11\"> </span>2024, <span class=\"_ _12\"> </span>Ence <span class=\"_ _11\"> </span>ha <span class=\"_ _12\"> </span>revisado <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>plan <span class=\"_ _11\"> </span>para incrementar <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>nivel <span class=\"_ _15\"></span>amb<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>objetivos <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>reducci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>las <span class=\"_ _10\"></span>emisiones <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>alcance <span class=\"_ _15\"></span>1 <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>2 <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>2035, establecer  ob<span class=\"_ _6\"></span>jetivos <span class=\"_ _18\"> </span>para  el<span class=\"_ _6\"></span>  a\u00f1<span class=\"_ _6\"></span>o  2030 <span class=\"_ _18\"> </span>como <span class=\"_ _18\"> </span>hito  inter<span class=\"_ _6\"></span>medio <span class=\"_ _18\"> </span>e <span class=\"_ _18\"> </span>incorporar<span class=\"_ _6\"></span>  objetiv<span class=\"_ _6\"></span>os <span class=\"_ _18\"> </span>para  reducir <span class=\"_ _18\"> </span>las emi<span class=\"ls0_1\">siones ind<span class=\"_ _6\"></span>irectas de alcance 3.<span class=\"_ _6\"></span> Adem\u00e1s, s<span class=\"_ _6\"></span>e ha incluido el p<span class=\"_ _6\"></span>rimer plan de descarbo<span class=\"_ _6\"></span>nizaci\u00f3n de Magno<span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span> </span>Los <span class=\"_ _15\"></span>objetivos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>reducci\u00f3n <span class=\"_ _15\"></span>incluidos <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Plan <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Descarboniza<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>est\u00e1n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>consonancia <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Acuerdo de <span class=\"_ _10\"></span>Par\u00eds<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>compromisos <span class=\"_ _0\"></span>asumidos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>nivel <span class=\"_ _0\"></span>europeo <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>nacional, <span class=\"_ _0\"></span>alineados <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>escenario <span class=\"_ _0\"></span>de incremento de <span class=\"_ _e\"></span>temperatura <span class=\"_ _1\"></span>de 1,5\u00baC. <span class=\"_ _e\"></span>En la <span class=\"_ _e\"></span>definici\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>la senda <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>descarbonizaci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>Ence <span class=\"_ _e\"></span>ha incorporado las <span class=\"_ _10\"></span>principales <span class=\"_ _10\"></span>recomendacion<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>SBTi <span class=\"_ _10\"></span>(Indus<span class=\"_ _6\"></span>try <span class=\"_ _10\"></span>near<span class=\"_ _6\"></span>-term <span class=\"_ _15\"></span>ta<span class=\"_ _6\"></span>rget). <span class=\"_ _10\"></span>En <span class=\"_ _10\"></span>concreto, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>compa\u00f1\u00eda, <span class=\"_ _10\"></span>tomand<span class=\"_ _6\"></span>o como base el e<span class=\"_ _1\"></span>jercicio 2018, ha incrementa<span class=\"_ _6\"></span>do el nivel de ambici\u00f3n del objetivo establecido a <span class=\"_ _1\"></span>2035 pasan<span class=\"_ _6\"></span>do de una <span class=\"_ _6\"></span>reducci\u00f3n <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>todo <span class=\"_ _6\"></span>el grupo <span class=\"_ _6\"></span>del 70% <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>75% d<span class=\"_ _6\"></span>e las <span class=\"_ _6\"></span>emisiones <span class=\"_ _6\"></span>absoluta<span class=\"_ _6\"></span>s (alcan<span class=\"_ _6\"></span>ce 1 y<span class=\"_ _6\"></span> 2).<span class=\"_ _15\"></span> <span class=\"_ _6\"></span>Adem\u00e1s,<span class=\"_ _6\"></span> la<span class=\"_ _6\"></span> incorporaci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>nuevas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>iniciativas<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>implementadas <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>compa\u00f1\u00eda <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>reducci\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>emisiones<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e carbono, <span class=\"_ _15\"></span>permiten <span class=\"_ _6\"></span>fijar <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>objetivo <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>2030 <span class=\"_ _15\"></span>cumpli<span class=\"_ _6\"></span>endo <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>nuevos <span class=\"_ _15\"></span>requisitos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>reporte <span class=\"_ _15\"></span>derivados<span class=\"_ _6\"></span> de la <span class=\"_ _6\"></span>Directiva <span class=\"_ _6\"></span>sobre In<span class=\"_ _6\"></span>formaci\u00f3n Corpora<span class=\"_ _6\"></span>tiva en <span class=\"_ _6\"></span>Materia de <span class=\"_ _6\"></span>Sostenibilidad<span class=\"_ _6\"></span> (CSRD, p<span class=\"_ _6\"></span>or sus <span class=\"_ _6\"></span>siglas <span class=\"_ _6\"></span>en ingl\u00e9s)<span class=\"_ _6\"></span><span class=\"lsf\">. </span>En <span class=\"_ _6\"></span>este <span class=\"_ _15\"></span>contexto, <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>compa\u00f1\u00eda <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>fijado <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>objetivo <span class=\"_ _6\"></span>intermedio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>reducir <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>55% <span class=\"_ _6\"></span>las<span class=\"_ _15\"></span> <span class=\"_ _15\"></span>emisiones <span class=\"_ _6\"></span>abs<span class=\"_ _6\"></span>olutas (alcance 1 y 2) a nivel grup<span class=\"_ _6\"></span>o en 2030 resp<span class=\"_ _6\"></span>ecto a las de 2018<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> En <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>marco <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>este <span class=\"_ _10\"></span>plan <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>descarb<span class=\"_ _6\"></span>onizaci\u00f3n, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>biof\u00e1brica <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Navia <span class=\"_ _10\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>conseguido <span class=\"_ _10\"></span>sustituir <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u consumo de combus<span class=\"_ _6\"></span>tibles f\u00f3siles en los hornos de cal por biometanol, que es un biocombustible renov<span class=\"_ _6\"></span>able obtenido <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>partir <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>tratamiento <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>gas<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la digesti\u00f3<span class=\"_ _6\"></span>n, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>trabaja <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>fase <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>prueba <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>sustituir <span class=\"_ _6\"></span>otra parte <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>biomasa <span class=\"_ _15\"></span>triturada <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>reducir <span class=\"_ _6\"></span>a\u00fa<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>m\u00e1s<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>emisiones <span class=\"_ _15\"></span>directas <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>instalaci\u00f3<span class=\"_ _6\"></span>n. <span class=\"_ _15\"></span>En <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>biof\u00e1brica de Pontevedra <span class=\"_ _1\"></span>tambi\u00e9n se <span class=\"_ _e\"></span>est<span class=\"_ _6\"></span>\u00e1n desarrollando proyectos en <span class=\"_ _e\"></span>la misma l\u00ednea <span class=\"_ _e\"></span>con el objetivo de <span class=\"_ _e\"></span>reducir el <span class=\"_ _1\"></span>uso de combustibles f\u00f3s<span class=\"_ _6\"></span>iles en los horn<span class=\"_ _6\"></span>os de cal. <span class=\"_ _6\"></span> Gesti\u00f3n agroforestal soste<span class=\"_ _6\"></span>nible<span class=\"_ _6\"></span> Ence <span class=\"_ _15\"></span>es <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>primer <span class=\"_ _15\"></span>gesto<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>foresta<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rivado <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>actor <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>refere<span class=\"_ _6\"></span>ncia <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>mercado <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pro<span class=\"_ _6\"></span>ductos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>basados <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la madera en Espa\u00f1<span class=\"_ _6\"></span>a, con cerca <span class=\"_ _6\"></span>de 70.000 hect\u00e1reas d<span class=\"_ _6\"></span>e superficie forestal gestion<span class=\"_ _6\"></span>adas p<span class=\"_ _6\"></span>or la compa\u00f1\u00eda. <span class=\"_ _6\"></span> En <span class=\"_ _11\"> </span>este <span class=\"_ _11\"> </span>sentido, <span class=\"_ _11\"> </span>Ence <span class=\"_ _11\"> </span>gestiona <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>cad<span class=\"_ _6\"></span>ena <span class=\"_ _11\"> </span>completa <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>valor <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>\u00e1rea <span class=\"_ _11\"> </span>for<span class=\"_ _6\"></span>estal <span class=\"_ _11\"> </span>(desde <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>plantaci\u00f3n <span class=\"_ _11\"> </span>a<span class=\"_ _6\"></span>l aprovechamiento <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>recursos <span class=\"_ _18\"> </span>forestales), <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>sus <span class=\"_ _18\"> </span>montes <span class=\"_ _18\"> </span>patrimoniales, <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>incluyen <span class=\"_ _18\"> </span>montes <span class=\"_ _18\"> </span>en propiedad <span class=\"_ _6\"></span>y s<span class=\"_ _6\"></span>uperficies consorciad<span class=\"_ _6\"></span>as y<span class=\"_ _6\"></span> arrendad<span class=\"_ _6\"></span>as a <span class=\"_ _6\"></span>terc<span class=\"_ _6\"></span>eros. La<span class=\"_ _6\"></span> gesti\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las sup<span class=\"_ _6\"></span>erficies gestionadas<span class=\"_ _6\"></span> por Ence <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>pone <span class=\"_ _6\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>a\u00f1o <span class=\"_ _15\"></span>notables <span class=\"_ _15\"></span>inversiones <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>conjunto <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>pat<span class=\"_ _6\"></span>rimonio <span class=\"_ _6\"></span>destin<span class=\"_ _6\"></span>adas <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>tra<span class=\"_ _6\"></span>bajos <span class=\"_ _15\"></span>silv\u00edcolas, de repoblaci\u00f3n, <span class=\"_ _1\"></span>mejora de <span class=\"_ _1\"></span>infraestructura<span class=\"_ _6\"></span>s y <span class=\"_ _1\"></span>defensa contra <span class=\"_ _1\"></span>incendios, y pago <span class=\"_ _1\"></span>de re<span class=\"_ _1\"></span>ntas, lo que <span class=\"_ _e\"></span>su<span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>one una importante aportaci\u00f3n<span class=\"_ _6\"></span> de valor de la co<span class=\"_ _6\"></span>mpa\u00f1\u00eda en el medio <span class=\"_ _6\"></span>rural.<span class=\"_ _6\"></span> De <span class=\"_ _19\"> </span>forma <span class=\"_ _19\"> </span>complementaria <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>actividad <span class=\"_ _19\"> </span>patrimonial, <span class=\"_ _19\"> </span>Ence <span class=\"_ _19\"> </span>mantiene <span class=\"_ _19\"> </span>y <span class=\"_ _19\"> </span>refuerza <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>pol\u00edtica <span class=\"_ _19\"> </span>de<span class=\"_ _e\"></span> aprovision<span class=\"_ _6\"></span>amiento <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>madera <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>trav<span class=\"_ _6\"></span>\u00e9s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sus <span class=\"_ _6\"></span>comp<span class=\"_ _6\"></span>ras <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>pie <span class=\"_ _6\"></span>(donde <span class=\"_ _6\"></span>En<span class=\"_ _6\"></span>ce es <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>espons<span class=\"_ _6\"></span>able de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>co<span class=\"_ _6\"></span>mpra <span class=\"_ _6\"></span>al propietario, <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>formidad <span class=\"_ _15\"></span>administrativ<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>no<span class=\"_ _6\"></span>rmativa, <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>apr<span class=\"_ _15\"></span>ovechamiento <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>tran<span class=\"_ _6\"></span>sporte <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>mad<span class=\"_ _6\"></span>era <span class=\"_ _15\"></span>a planta) y de los suministros (en la que Ence compra directamente la mad<span class=\"_ _6\"></span>era a rematantes que intermedian<span class=\"_ _6\"></span> con la propiedad<span class=\"_ _6\"></span>). En ambos ca<span class=\"_ _6\"></span>sos, gesti\u00f3n patrimonial y<span class=\"_ _6\"></span> compras a terceros, lo<span class=\"_ _6\"></span>s requisitos<span class=\"_ _6\"></span> de gesti\u00f3n y sostenibilidad s<span class=\"_ _6\"></span>on los mismos, <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>desarrollan <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>marco del <span class=\"_ _e\"></span>Sistema <span class=\"_ _1\"></span>Integrado de <span class=\"_ _e\"></span>Gesti\u00f3n <span class=\"_ _1\"></span>Agroforestal (SIGFA), <span class=\"_ _e\"></span>que tiene <span class=\"_ _e\"></span>como bases <span class=\"_ _11\"> </span>n<span class=\"_ _6\"></span>ormativas <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>caso <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>madera<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>cumplimien<span class=\"_ _6\"></span>to <span class=\"_ _11\"> </span>legal, <span class=\"_ _11\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>est\u00e1<span class=\"_ _6\"></span>ndares <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>Gesti\u00f3n <span class=\"_ _12\"> </span>Forestal Sostenible y<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>Cadena d<span class=\"_ _6\"></span>e Custodia <span class=\"_ _6\"></span>de los <span class=\"_ _6\"></span>referentes FSC\u00ae, con<span class=\"_ _6\"></span> n\u00fameros<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>licencia FSC\u00ae<span class=\"_ _15\"></span>-C099970 y <span class=\"_ _6\"></span>FSC\u00ae<span class=\"_ _6\"></span>-<span class=\"_ _33\"> </span>C081854 <span class=\"_ _15\"></span>(Forest <span class=\"_ _15\"></span>Stewardship <span class=\"_ _15\"></span>Council\u00ae) <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>PE<span class=\"_ _6\"></span>FC, <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>n\u00fameros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>licencia <span class=\"_ _15\"></span>PE<span class=\"_ _6\"></span>FC/14<span class=\"_ _6\"></span>-<span class=\"lse\">22</span>-00010 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>PEF<span class=\"_ _6\"></span>C/14-<span class=\"lse\">33</span>-<span class=\"_ _33\"> </span>00001 (Programme for the E<span class=\"_ _6\"></span>ndors<span class=\"_ _6\"></span>ement of Forest Certification<span class=\"_ _6\"></span>).<span class=\"_ _6\"></span> En <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>contexto, <span class=\"_ _6\"></span>Ence <span class=\"_ _6\"></span>asegura <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>eguimiento d<span class=\"_ _6\"></span>el cu<span class=\"_ _6\"></span>mplimiento <span class=\"_ _6\"></span>legal <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>normativo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e todas <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>fuentes <span class=\"_ _6\"></span>de materias <span class=\"_ _6\"></span>primas <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>ducci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>madera <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>energ\u00eda, <span class=\"_ _15\"></span>ya <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>prod<span class=\"_ _6\"></span>uzca <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>uperficies <span class=\"_ _6\"></span>propias, <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>las de terceros<span class=\"_ _6\"></span> (compras <span class=\"_ _6\"></span>en p<span class=\"_ _6\"></span>ie y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>suministros<span class=\"_ _6\"></span>). As\u00ed<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>Ence <span class=\"_ _6\"></span>aplica el <span class=\"_ _6\"></span>Reglamento<span class=\"_ _6\"></span> EUTR <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Diligen<span class=\"_ _6\"></span>cia Debida <span class=\"_ _6\"></span>de la<span class=\"_ _6\"></span> madera  e <span class=\"_ _12\"> </span>i<span class=\"_ _6\"></span>mpulsa  su  cumplimiento <span class=\"_ _12\"> </span>a  lo  largo  de  toda <span class=\"_ _12\"> </span>l<span class=\"_ _6\"></span>a  cadena  de <span class=\"_ _12\"> </span>Su<span class=\"_ _6\"></span>ministro,  garantizand<span class=\"_ _6\"></span>o  que <span class=\"_ _12\"> </span>la producci\u00f3n final provenga siempre de <span class=\"_ _1\"></span>fuentes trazables con m\u00e1ximo rigor en <span class=\"_ _1\"></span>el cumplimiento legal. E<span class=\"_ _6\"></span>n este sentido, Ence tambi\u00e9n trabaja intensamente con todos los actores del sector para lograr la implantaci\u00f3n de las <span class=\"_ _6\"></span>mejores <span class=\"_ _15\"></span>t\u00e9cnicas <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>segui<span class=\"_ _6\"></span>miento <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>respecto, <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>transmisi\u00f3n <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _15\"></span>colaboradores, <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>hay <span class=\"_ _15\"></span>un contacto  contin<span class=\"_ _6\"></span>uo  con <span class=\"_ _18\"> </span>ellos  que  permit<span class=\"_ _6\"></span>e  trans<span class=\"_ _6\"></span>mitir  los <span class=\"_ _18\"> </span>requisitos  de  gesti\u00f3<span class=\"_ _6\"></span>n  deseab<span class=\"_ _6\"></span>les  y  esperad<span class=\"_ _6\"></span>os, incluyendo <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>aspectos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>vo<span class=\"_ _6\"></span>luntarios <span class=\"_ _6\"></span>(esencialment<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sociales <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>amb<span class=\"_ _6\"></span>ientales) <span class=\"_ _6\"></span>destin<span class=\"_ _6\"></span>ados <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>erdurabilidad en <span class=\"_ _12\"> </span>el  tiempo <span class=\"_ _12\"> </span>de  las <span class=\"_ _12\"> </span>masas,<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>la  minimizaci\u00f3n <span class=\"_ _1a\"> </span>de <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>impa<span class=\"_ _6\"></span>ctos,  de <span class=\"_ _12\"> </span>la  actividad, <span class=\"_ _12\"> </span>el  manten<span class=\"_ _6\"></span>imiento  de <span class=\"_ _12\"> </span>la diversidad <span class=\"_ _0\"></span>estructural <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>espec\u00edfica <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>formaciones <span class=\"_ _0\"></span>forestales<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>fomento <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>mult<span class=\"_ _6\"></span>ifuncionalidad<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en bienes <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>servicios, <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>innovaci\u00f3n <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>tinua, <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>principios <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>extensi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>forestal <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>mundo <span class=\"_ _e\"></span>ru<span class=\"_ _6\"></span>ral, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>articipaci\u00f3n<span class=\"_ _6\"></span> activa <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>Grupos <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>Inter\u00e9s, <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>certificaci\u00f3n <span class=\"_ _12\"> </span>forest<span class=\"_ _6\"></span>al. <span class=\"_ _12\"> </span>Adem\u00e1s, <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>2024 <span class=\"_ _12\"> </span>En<span class=\"_ _6\"></span>ce <span class=\"_ _11\"> </span>ha <span class=\"_ _12\"> </span>trabajado <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>la preparaci\u00f3n para el <span class=\"_ _e\"></span>cumplimiento del nuevo <span class=\"_ _1\"></span>Reglamento EUDR <span class=\"_ _e\"></span>cola<span class=\"_ _6\"></span>borando con las <span class=\"_ _1\"></span>Administraciones en <span class=\"_ _1\"></span>su despliegue, adem\u00e1s de impl<span class=\"_ _6\"></span>ementando el n<span class=\"_ _6\"></span>uevo procedimiento<span class=\"_ _6\"></span> de Diligencia <span class=\"_ _6\"></span>Debid<span class=\"_ _6\"></span>a.  Los es<span class=\"_ _6\"></span>fuerzos d<span class=\"_ _6\"></span>e Ence <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>\u00e1mbito s<span class=\"_ _6\"></span>e han <span class=\"_ _6\"></span>traducido<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>incremento <span class=\"_ _6\"></span>progresivo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>lo<span class=\"_ _6\"></span>s po<span class=\"_ _6\"></span>rcentajes d<span class=\"_ _6\"></span>e madera <span class=\"_ _e\"></span>certificada hasta <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>ac<span class=\"_ _6\"></span>tual <span class=\"_ _1\"></span>porcentaje global <span class=\"_ _a\"></span>cercano<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>al 79% <span class=\"_ _a\"></span>a <span class=\"_ _1\"></span>cierre <span class=\"_ _e\"></span>de 2024. <span class=\"_ _a\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>anto a <span class=\"_ _a\"></span>la <span class=\"_ _1\"></span>actividad patrimonial, alrededor de u<span class=\"_ _6\"></span>n 90% de la su<span class=\"_ _6\"></span>perficie certificable que En<span class=\"_ _6\"></span>ce gestiona est\u00e1 certificada por algu<span class=\"_ _6\"></span>no de los esquemas.<span class=\"_ _6\"></span> Adem\u00e1s de promover una gesti\u00f3n forestal sostenible certificad<span class=\"_ _6\"></span>a, Ence tambi\u00e9n trabaja en la investigaci\u00f3n y desarrollo <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>mejores <span class=\"_ _18\"> </span>pr\u00e1cticas <span class=\"_ _18\"> </span>s<span class=\"_ _6\"></span>ilv\u00edcolas, <span class=\"_ _18\"> </span>planta <span class=\"_ _18\"> </span>mejorad<span class=\"_ _6\"></span>a <span class=\"_ _18\"> </span>para <span class=\"_ _1e\"> </span>adaptarse <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>las <span class=\"_ _18\"> </span>nuevas <span class=\"_ _1e\"> </span>condiciones clim\u00e1ticas <span class=\"_ _11\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>m\u00e9todos <span class=\"_ _12\"> </span>innovadores <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>lucha <span class=\"_ _12\"> </span>biol\u00f3gica <span class=\"_ _12\"> </span>contra <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>plagas <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>enfermedades <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>afectan <span class=\"_ _12\"> </span>al eucalipto. El  conjunto  de <span class=\"_ _12\"> </span>actuaciones  de <span class=\"_ _12\"> </span>I+D+i  que  se <span class=\"_ _12\"> </span>desarro<span class=\"_ _6\"></span>llan  e<span class=\"_ _1\"></span>n  el <span class=\"_ _12\"> </span>marco  de  la <span class=\"_ _12\"> </span>actividad  directa  de <span class=\"_ _12\"> </span>Ence, constituyen <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importa<span class=\"_ _6\"></span>nte <span class=\"_ _6\"></span>soporte <span class=\"_ _6\"></span>t\u00e9cnico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>conocimien<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>Ence <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>esfuerza <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>transmitir <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ector a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>foros,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>charlas. <span class=\"_ _0\"></span>Aspectos <span class=\"_ _0\"></span>ta<span class=\"_ _6\"></span>les <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>selvic<span class=\"_ _6\"></span>ultura, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>elecci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>plantas, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>lu<span class=\"_ _6\"></span>cha <span class=\"_ _0\"></span>contra plagas, <span class=\"_ _1e\"> </span>el <span class=\"_ _18\"> </span>cumplimiento <span class=\"_ _1e\"> </span>legal <span class=\"_ _1e\"> </span>o <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>certificaci\u00f3n <span class=\"_ _18\"> </span>forestal<span class=\"_ _6\"></span>, <span class=\"_ _1e\"> </span>son <span class=\"_ _18\"> </span>ob<span class=\"_ _6\"></span>jeto <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>transmisi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>know<span class=\"_ _15\"></span>-how <span class=\"_ _1e\"> </span>a propietarios <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>suministradores <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>sector <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>general, <span class=\"_ _0\"></span>alim<span class=\"_ _6\"></span>entando <span class=\"_ _11\"></span>un <span class=\"_ _0\"></span>continuo <span class=\"_ _11\"></span>debate <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>mejor<span class=\"_ _15\"></span><span class=\"ls3e\">a </span>sectorial, incluyendo<span class=\"_ _6\"></span> aqu\u00ed a la Administra<span class=\"_ _6\"></span>ci\u00f3n y la so<span class=\"_ _6\"></span>ciedad civil.<span class=\"_ _6\"></span> Adicionalmente, en el negocio de Trading de biomasa, se ha <span class=\"_ _1\"></span>planteado como objetivo para 2025 el lograr la certificaci\u00f3n PEFC.<span class=\"_ _6\"></span> Gesti\u00f3n de la sosten<span class=\"_ _6\"></span>ibilidad de la biomasa<span class=\"_ _15\"></span> En 2024, Ence ha mantenido su posici\u00f3n como <span class=\"_ _1\"></span>comprador de referencia <span class=\"_ _1\"></span>de biomasa agr\u00edcola y forestal para uso <span class=\"_ _6\"></span>energ\u00e9tico (electricidad <span class=\"_ _6\"></span>y calo<span class=\"_ _6\"></span>r indu<span class=\"_ _6\"></span>strial). E<span class=\"_ _6\"></span>n este s<span class=\"_ _6\"></span>entido, Ence <span class=\"_ _6\"></span>asegura qu<span class=\"_ _6\"></span>e el s<span class=\"_ _6\"></span>uministro de <span class=\"_ _6\"></span>biomasa a <span class=\"_ _11\"> </span>sus <span class=\"_ _12\"> </span>instalaciones <span class=\"_ _12\"> </span>cumple <span class=\"_ _11\"> </span>con <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>requ<span class=\"_ _6\"></span>isitos <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>sos<span class=\"_ _6\"></span>tenibilidad <span class=\"_ _11\"> </span>que <span class=\"_ _12\"> </span>aseguran <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>uso <span class=\"_ _11\"> </span>sostenible <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>este recurso. As\u00ed, <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>2024 <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>nce <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>renovado <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>certificaci\u00f3n <span class=\"_ _e\"></span>b<span class=\"_ _6\"></span>ajo e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>esquema <span class=\"_ _1\"></span>Sure <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>to<span class=\"_ _6\"></span>das sus <span class=\"_ _e\"></span>plantas de <span class=\"_ _e\"></span>energ\u00eda y <span class=\"_ _6\"></span>celulosa <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>certificad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>actividad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>calor <span class=\"_ _6\"></span>indu<span class=\"_ _6\"></span>strial. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a\u00f1o <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>certifica, <span class=\"_ _15\"></span>adem\u00e1s,<span class=\"_ _6\"></span> por <span class=\"_ _11\"> </span>primera <span class=\"_ _11\"> </span>vez, <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>activ<span class=\"_ _6\"></span>idad <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>trading <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>bio<span class=\"_ _6\"></span>masa<span class=\"_ _6\"></span>, <span class=\"_ _11\"> </span>respons<span class=\"_ _6\"></span>able <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>abastecimiento <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>biomasa <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>las<span class=\"_ _6\"></span> plantas <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>ve<span class=\"_ _6\"></span>nta <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>b<span class=\"_ _6\"></span>iomasa <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>terceros. <span class=\"_ _10\"></span>El <span class=\"_ _10\"></span>esquema <span class=\"_ _15\"></span>Sure <span class=\"_ _10\"></span>da <span class=\"_ _10\"></span>conformidad<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _15\"></span>requis<span class=\"_ _6\"></span>itos establecidos <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Directiva <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>Energ\u00edas <span class=\"_ _0\"></span>Renovables <span class=\"_ _0\"></span>(UE) <span class=\"_ _0\"></span>2018/2001. <span class=\"_ _0\"></span>Esta <span class=\"_ _0\"></span>normativa <span class=\"_ _0\"></span>europ<span class=\"_ _6\"></span>ea <span class=\"_ _10\"></span>esta<span class=\"_ _6\"></span>blece diversos criterios que <span class=\"_ _e\"></span>deben cumplir todas las biomasas e<span class=\"_ _1\"></span>mpleadas en el <span class=\"_ _e\"></span>sector de la <span class=\"_ _1\"></span>bioenerg\u00eda, enfocad<span class=\"_ _6\"></span>os<span class=\"_ _6\"></span> a <span class=\"_ _0\"></span>garantizar <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>so<span class=\"_ _6\"></span>stenibilidad, <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>correcto <span class=\"_ _0\"></span>b<span class=\"_ _6\"></span>alance <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>masas, <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>reducci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>emisiones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>gases<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de efecto invernadero y<span class=\"_ _6\"></span> la eficiencia energ\u00e9tica. <span class=\"_ _6\"></span> El <span class=\"_ _15\"></span>proceso <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>certificaci\u00f3n <span class=\"_ _10\"></span>Sure <span class=\"_ _15\"></span>implica <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>forma <span class=\"_ _15\"></span>tran<span class=\"_ _6\"></span>sversal <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>todo <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>proceso <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>gesti\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>biomasa, desde <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>rigen <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>esta <span class=\"_ _15\"></span>(parcela <span class=\"_ _15\"></span>agr\u00edcola, <span class=\"_ _15\"></span>monte <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>ind<span class=\"_ _6\"></span>ustria), <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>prop<span class=\"_ _6\"></span>ia <span class=\"_ _15\"></span>cadena <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>suministro<span class=\"_ _6\"></span>s, <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>log\u00edstica en las plantas y <span class=\"_ _1\"></span>parques y la <span class=\"_ _1\"></span>producci\u00f3n de energ\u00eda renovable. Todo engranado para alcanzar el m<span class=\"_ _1\"></span>\u00e1ximo de eficiencia. En 2024, <span class=\"_ _6\"></span>adem\u00e1s <span class=\"_ _6\"></span>de renovar esta<span class=\"_ _6\"></span> certificaci\u00f3n <span class=\"_ _6\"></span>en todas<span class=\"_ _6\"></span> sus <span class=\"_ _6\"></span>instalaciones E<span class=\"_ _6\"></span>nce ha <span class=\"_ _6\"></span>seguido trab<span class=\"_ _6\"></span>ajando en <span class=\"_ _6\"></span>la promoci\u00f3n de <span class=\"_ _1\"></span>la ce<span class=\"_ _1\"></span>rtificaci\u00f3n a lo <span class=\"_ _1\"></span>largo de <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u cadena <span class=\"_ _1\"></span>de sum<span class=\"_ _1\"></span>inistro, logrando con e<span class=\"_ _1\"></span>llo conseguir <span class=\"_ _1\"></span>los hitos d<span class=\"_ _1\"></span>e consumo de biomas<span class=\"_ _6\"></span>a certificada q<span class=\"_ _6\"></span>ue requi<span class=\"_ _6\"></span>ere la normativa.  ENCE Celulosa Biof\u00e1brica de Navia<span class=\"_ _6\"></span><span class=\"ff4 fc0_1\"> </span>La  Biof\u00e1brica <span class=\"_ _18\"> </span>de  N<span class=\"_ _6\"></span>avia <span class=\"_ _18\"> </span>acometi\u00f3  en <span class=\"_ _18\"> </span>2019  un<span class=\"_ _6\"></span>  pro<span class=\"_ _6\"></span>yecto  de <span class=\"_ _18\"> </span>mejora  y <span class=\"_ _18\"> </span>optimizaci\u00f3n <span class=\"_ _18\"> </span>tecnol\u00f3gica <span class=\"_ _18\"> </span>de  las instalaciones <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>cluy\u00f3 <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>implan<span class=\"_ _6\"></span>taci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>mejoras <span class=\"_ _15\"></span>t\u00e9cnicas <span class=\"_ _15\"></span>disp<span class=\"_ _6\"></span>onibles <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>parte <span class=\"_ _6\"></span>impo<span class=\"_ _6\"></span>rtante <span class=\"_ _15\"></span>de los  procesos<span class=\"_ _6\"></span>  productiv<span class=\"_ _6\"></span>os  incrementando <span class=\"_ _18\"> </span>en  80.000  tAD <span class=\"_ _18\"> </span>su<span class=\"_ _6\"></span>  capacid<span class=\"_ _6\"></span>ad  prod<span class=\"_ _6\"></span>uctiva  nominal,  as<span class=\"_ _6\"></span>\u00ed  como, mejorando  el <span class=\"_ _12\"> </span>comporta<span class=\"_ _6\"></span>miento  ambiental  de <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>us  instalaciones, <span class=\"_ _12\"> </span>b<span class=\"_ _6\"></span>asada  en <span class=\"_ _12\"> </span>la  optimizaci\u00f3n  tecnol\u00f3gica directa de <span class=\"_ _6\"></span>equipo<span class=\"_ _6\"></span>s y <span class=\"_ _6\"></span>sistemas<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>lo largo<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>todo <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>roceso, <span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>e acuerdo <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>mejores <span class=\"_ _6\"></span>t\u00e9cnicas <span class=\"_ _6\"></span>dispo<span class=\"_ _6\"></span>nibles de <span class=\"_ _e\"></span>los documentos <span class=\"_ _e\"></span>BREF <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>sector. <span class=\"_ _e\"></span> Desde <span class=\"_ _e\"></span>la e<span class=\"_ _1\"></span>jecuci\u00f3n del <span class=\"_ _e\"></span>proyecto, se <span class=\"_ _a\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ido consolidando <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>resultad<span class=\"_ _6\"></span>os de  mejora  ambiental <span class=\"_ _18\"> </span>evidenci\u00e1ndos<span class=\"_ _6\"></span>e  mejoras  ambiental<span class=\"_ _6\"></span>es  en  la  calid<span class=\"_ _6\"></span>ad  del  efluente <span class=\"_ _18\"> </span>l\u00edquido  y  en  la reducci\u00f3n de emision<span class=\"_ _6\"></span>es de par\u00e1metros s<span class=\"_ _6\"></span>ignificativos, como el olor. <span class=\"_ _15\"></span> El <span class=\"_ _6\"></span>Plan <span class=\"_ _15\"></span>Director <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>Sos<span class=\"_ _6\"></span>tenibilidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>nce <span class=\"_ _6\"></span>2024<span class=\"_ _6\"></span>-2<span class=\"_ _6\"></span>028 <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>templa <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>prioridad <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>gesti\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>mejora <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la huella <span class=\"_ _11\"> </span>h\u00eddrica <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>compa\u00f1\u00eda, <span class=\"_ _11\"> </span>ta<span class=\"_ _6\"></span>nto <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>niv<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>consumo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>recursos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>h\u00eddricos <span class=\"_ _11\"> </span>como <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>calidad<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>us efluentes. <span class=\"_ _11\"> </span>As\u00ed, <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>las <span class=\"_ _12\"> </span>biof\u00e1bricas <span class=\"_ _12\"> </span>se <span class=\"_ _11\"> </span>vienen <span class=\"_ _12\"> </span>estable<span class=\"_ _6\"></span>ciendo <span class=\"_ _11\"> </span>objetiv<span class=\"_ _6\"></span>os <span class=\"_ _11\"> </span>an<span class=\"_ _6\"></span>uales <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>reducci\u00f3n <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>cons<span class=\"_ _6\"></span>umo espec\u00edfico <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>agua <span class=\"_ _15\"></span>(m3/t <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>celulosa <span class=\"_ _10\"></span>producida) <span class=\"_ _15\"></span>desd<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ace <span class=\"_ _6\"></span>varios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a\u00f1<span class=\"_ _6\"></span>os. <span class=\"_ _15\"></span>En <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>biof\u00e1brica <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Navia, <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>esde 2022 se ha puesto<span class=\"_ _6\"></span> en marcha <span class=\"_ _6\"></span>un ambicios<span class=\"_ _6\"></span>o plan d<span class=\"_ _6\"></span>e mejora operacional p<span class=\"_ _6\"></span>ara conseguir re<span class=\"_ _6\"></span>ducir el consu<span class=\"_ _6\"></span>mo<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>agua, <span class=\"_ _6\"></span>destacan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>principales <span class=\"_ _6\"></span>iniciativ<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cierre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>circuitos, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>reutiliza<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cond<span class=\"_ _6\"></span>ensados, la <span class=\"_ _15\"></span>recuperaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>aguas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>lavados <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>reutilizaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>agua <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>scrubbers,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>entre <span class=\"_ _15\"></span>otras. <span class=\"_ _15\"></span>Gracias<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a estas  iniciativas, <span class=\"_ _18\"> </span>a  cierre  de  2024  la  biof\u00e1brica <span class=\"_ _18\"> </span>de  Navia  ha <span class=\"_ _18\"> </span>conseguido  una  reducci\u00f3n  del  con<span class=\"_ _6\"></span>sumo espec\u00edfico de un 18% en<span class=\"_ _6\"></span> los \u00faltimos a<span class=\"_ _6\"></span>\u00f1os (vs 2021).<span class=\"_ _6\"></span> En <span class=\"_ _6\"></span>cuan<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>calidad <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>vertido, <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>han <span class=\"_ _15\"></span>implementado <span class=\"_ _6\"></span>mejoras<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>planta <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>trata<span class=\"_ _6\"></span>miento <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>efluentes para <span class=\"_ _11\"> </span>favorecer <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>depuraci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>aguas <span class=\"_ _11\"> </span>mediante: <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>optimizaci\u00f3n <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>sistema <span class=\"_ _11\"> </span>biol\u00f3gico, <span class=\"_ _11\"> </span>adem\u00e1s <span class=\"_ _11\"> </span>de mejorar <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>sistemas de <span class=\"_ _e\"></span>aireaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>refrigeraci\u00f3n. Asimismo, <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>consolidado<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>funcion<span class=\"_ _6\"></span>amiento <span class=\"_ _e\"></span>del nuevo sistema <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>tratamiento <span class=\"_ _1\"></span>primario <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>efluentes <span class=\"_ _1\"></span>constituido po<span class=\"_ _1\"></span>r <span class=\"_ _e\"></span>una nueva <span class=\"_ _a\"></span>un<span class=\"_ _6\"></span>idad <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>flotaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>aire <span class=\"_ _e\"></span>disu<span class=\"_ _6\"></span>elto (DAF) (<span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>sustitu<span class=\"_ _6\"></span>ci\u00f3n d<span class=\"_ _6\"></span>el an<span class=\"_ _6\"></span>tiguo d<span class=\"_ _6\"></span>ecantador <span class=\"_ _6\"></span>primario), <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>permite <span class=\"_ _6\"></span>realizar <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>separaci\u00f3n <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _6\"></span>eficiente de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>art\u00edculas <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>uspensi\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>efluente <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>tratar <span class=\"_ _10\"></span>median<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>iny<span class=\"_ _6\"></span>ecci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>microburb<span class=\"_ _6\"></span>ujas <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>aire, <span class=\"_ _10\"></span>de modo que los s\u00f3lidos se adhieren a las microburbujas en su recorrido ascendente flotando hacia el sistema separador <span class=\"_ _10\"></span>superior. <span class=\"_ _15\"></span>Esto <span class=\"_ _10\"></span>ha <span class=\"_ _6\"></span>sup<span class=\"_ _6\"></span>uesto<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>redu<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _15\"></span>significativa <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>ratio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>s\u00f3lidos <span class=\"_ _15\"></span>totales <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>materia org\u00e1nica en efluente de v<span class=\"_ _6\"></span>ertido final d<span class=\"_ _6\"></span>e la biof\u00e1brica por <span class=\"_ _6\"></span>tonelada de pasta p<span class=\"_ _6\"></span>roducida.  <span class=\"_ _6\"></span> En <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>proceso <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>producci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>celulosa <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>g<span class=\"_ _6\"></span>eneran <span class=\"_ _15\"></span>compues<span class=\"_ _6\"></span>tos <span class=\"_ _15\"></span>reducidos <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>az<span class=\"_ _6\"></span>ufre <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue, <span class=\"_ _15\"></span>si <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>tratan adecuadamente, pueden p<span class=\"_ _6\"></span>rovocar impactos<span class=\"_ _6\"></span> olorosos<span class=\"_ _6\"></span> en las inmediaciones de las plan<span class=\"_ _6\"></span>tas. Consciente de la importancia <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>gestio<span class=\"_ _6\"></span>nar <span class=\"_ _0\"></span>ad<span class=\"_ _6\"></span>ecuadamente <span class=\"_ _11\"></span>este <span class=\"_ _0\"></span>aspect<span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>mbiental <span class=\"_ _0\"></span>para <span class=\"_ _11\"> </span>mantener <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>licencia <span class=\"_ _11\"></span>social <span class=\"_ _0\"></span>para operar, Ence fij\u00f3 como prioridad reducir al m\u00e1ximo el impacto oloroso de sus biof\u00e1bricas y puso en marcha hace ya <span class=\"_ _6\"></span>m\u00e1s <span class=\"_ _6\"></span>de diez <span class=\"_ _6\"></span>a\u00f1os <span class=\"_ _6\"></span>el Pl<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>Olor Cero. <span class=\"_ _6\"></span>Gracias <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>las act<span class=\"_ _6\"></span>uaciones <span class=\"_ _6\"></span>enmarcadas <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>dicho <span class=\"_ _6\"></span>plan, <span class=\"_ _6\"></span>en e<span class=\"_ _10\"></span>l a\u00f1o 2024, <span class=\"_ _10\"></span>ambas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>b<span class=\"_ _6\"></span>iof\u00e1bricas <span class=\"_ _0\"></span>alcanza<span class=\"_ _6\"></span>ron <span class=\"_ _0\"></span>sus <span class=\"_ _10\"></span>mejores <span class=\"_ _0\"></span>marcas <span class=\"_ _0\"></span>hist\u00f3<span class=\"_ _6\"></span>ricas, <span class=\"_ _0\"></span>pero <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>nce <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>igue <span class=\"_ _10\"></span>fija<span class=\"_ _6\"></span>ndo <span class=\"_ _0\"></span>objetivos <span class=\"_ _0\"></span>de reducci\u00f3n cada a\u00f1<span class=\"_ _6\"></span>o.  As\u00ed, <span class=\"_ _e\"></span>en 2024<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>biof\u00e1brica <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Navia <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>ha <span class=\"_ _e\"></span>desarrollado <span class=\"_ _1\"></span>un <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>royecto <span class=\"_ _e\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>control de <span class=\"_ _a\"></span>focos <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>olor <span class=\"_ _e\"></span>difus<span class=\"_ _6\"></span>os, con <span class=\"_ _10\"></span>medidas <span class=\"_ _0\"></span>tales <span class=\"_ _10\"></span>como <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>a<span class=\"_ _6\"></span>batimiento <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>o<span class=\"_ _6\"></span>lor <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>ent<span class=\"_ _6\"></span>orno <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>DAF <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>arqueta<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>n<span class=\"_ _6\"></span>eutralizaci\u00f3n mediante el capotado de los tanques de estas<span class=\"_ _6\"></span> instalaciones y la captaci\u00f3n inducida de sus vahos a sistemas de <span class=\"_ _15\"></span>tratamiento <span class=\"_ _10\"></span>dedicados. <span class=\"_ _10\"></span>Gracias <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>estas <span class=\"_ _15\"></span>iniciat<span class=\"_ _6\"></span>ivas <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _6\"></span>mejora <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>o<span class=\"_ _6\"></span>peraci\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>control <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>proces<span class=\"_ _6\"></span>os, durante <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>a\u00f1o <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Biof\u00e1brica <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Nav<span class=\"_ _6\"></span>ia <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>alcanzado <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>mejor <span class=\"_ _6\"></span>registro <span class=\"_ _6\"></span>hist\u00f3rico <span class=\"_ _6\"></span>e<span class=\"_ _15\"></span>n <span class=\"_ _6\"></span>reducci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>olores, mejorando un 40% su<span class=\"_ _6\"></span> anterior mejor marca <span class=\"_ _6\"></span>(2023). <span class=\"_ _6\"></span> En <span class=\"_ _18\"> </span>2024,  la <span class=\"_ _18\"> </span>Biof\u00e1brica  de <span class=\"_ _18\"> </span>Navia  renov\u00f3 <span class=\"_ _18\"> </span>su  certificado <span class=\"_ _18\"> </span>en  el <span class=\"_ _18\"> </span>sistema <span class=\"_ _18\"> </span>de  gesti\u00f3n <span class=\"_ _18\"> </span>de  acuerdo <span class=\"_ _18\"> </span>con  los requerimientos <span class=\"_ _15\"></span>establecidos <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>Regla<span class=\"_ _6\"></span>mento <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Residuo <span class=\"_ _15\"></span>Cero <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>AENOR. <span class=\"_ _15\"></span>Navia <span class=\"_ _15\"></span>fue <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>primeras empresas de Espa\u00f1a en obtener este certificado y tiene unos<span class=\"_ _6\"></span> ratios de valorizaci\u00f3n de entorno al 97%. Esta certificaci\u00f3n, <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>une <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>ya <span class=\"_ _0\"></span>disponibles <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>conso<span class=\"_ _6\"></span>lidadas <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>au<span class=\"_ _6\"></span>ditor\u00edas <span class=\"_ _0\"></span>externas <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Siste<span class=\"_ _6\"></span>ma <span class=\"_ _10\"></span>Integrado <span class=\"_ _0\"></span>de Gesti\u00f3n (SIG), <span class=\"_ _1\"></span>sin la <span class=\"_ _1\"></span>existencia de <span class=\"_ _e\"></span>ningu<span class=\"_ _6\"></span>na no <span class=\"_ _1\"></span>conformidad en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>proceso y avalando la <span class=\"_ _e\"></span>excelencia am<span class=\"_ _6\"></span>biental en la gesti\u00f3n de s<span class=\"_ _6\"></span>us procesos. El <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>istema  de <span class=\"_ _11\"> </span>gesti\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _1a\"> </span>de <span class=\"_ _12\"> </span>la  Biof\u00e1brica <span class=\"_ _12\"> </span>tambi<span class=\"_ _6\"></span>\u00e9n <span class=\"_ _12\"> </span>h<span class=\"_ _6\"></span>a <span class=\"_ _1a\"> </span>sido <span class=\"_ _12\"> </span>au<span class=\"_ _6\"></span>ditado  satisfactoriamente <span class=\"_ _12\"> </span>de  acuerdo <span class=\"_ _12\"> </span>a  los requisitos <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>norma <span class=\"_ _15\"></span>ISO <span class=\"_ _10\"></span>14001/2015, <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>verificaci\u00f3n <span class=\"_ _10\"></span>frente <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>requis<span class=\"_ _6\"></span>itos <span class=\"_ _15\"></span>establecidos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el Reglamento <span class=\"_ _e\"></span>N\u00ba12<span class=\"_ _6\"></span>21/2009 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Parlamento <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>uropeo <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _1\"></span>Consejo, <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Gesti\u00f3n <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>Aud<span class=\"_ _6\"></span>itor\u00eda <span class=\"_ _e\"></span>M<span class=\"_ _6\"></span>edioambientales (EMAS  III)  Reglamento<span class=\"_ _6\"></span>  1505/2017  y <span class=\"_ _18\"> </span>Reglamento  2026/2<span class=\"_ _6\"></span>018  que  modifica <span class=\"_ _18\"> </span>al  primero, <span class=\"_ _18\"> </span>y  verificada  la Declaraci\u00f3n <span class=\"_ _6\"></span>Ambiental d<span class=\"_ _6\"></span>el a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>2023, demos<span class=\"_ _6\"></span>tr\u00e1ndose <span class=\"_ _6\"></span>la co<span class=\"_ _6\"></span>nformidad <span class=\"_ _6\"></span>de d<span class=\"_ _6\"></span>icha de<span class=\"_ _6\"></span>claraci\u00f3n <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>cumplimiento de <span class=\"_ _e\"></span>requ<span class=\"_ _6\"></span>isitos de <span class=\"_ _e\"></span>ambos Reglamentos, <span class=\"_ _e\"></span>des<span class=\"_ _6\"></span>tacando la <span class=\"_ _e\"></span>clara a<span class=\"_ _1\"></span>puesta por <span class=\"_ _e\"></span>la me<span class=\"_ _1\"></span>jora continua <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>organizaci\u00f3n y su determinaci\u00f3n en<span class=\"_ _6\"></span> el cumplimiento legal <span class=\"_ _6\"></span>y adaptaci\u00f3n<span class=\"_ _6\"></span> a los mejores est\u00e1nd<span class=\"_ _6\"></span>ares del sector (BREF).<span class=\"_ _15\"></span> La <span class=\"_ _6\"></span>eficiencia ener<span class=\"_ _6\"></span>g\u00e9tica <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>otra <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>prioridades <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>gesti\u00f3n <span class=\"_ _6\"></span>ambiental <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>biof\u00e1brica <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Navia. <span class=\"_ _6\"></span>Es <span class=\"_ _6\"></span>por ello <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>2024 Ence <span class=\"_ _e\"></span>Nav<span class=\"_ _6\"></span>ia <span class=\"_ _1\"></span>ha <span class=\"_ _e\"></span>vu<span class=\"_ _6\"></span>elto <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>aud<span class=\"_ _6\"></span>itar <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>sistema de <span class=\"_ _e\"></span>gesti\u00f3n de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>energ\u00eda <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _1\"></span>con la <span class=\"_ _e\"></span>norma internacional  ISO <span class=\"_ _12\"> </span>50001, <span class=\"_ _12\"> </span>man<span class=\"_ _6\"></span>teniendo  su <span class=\"_ _12\"> </span>certificaci\u00f3n.  La <span class=\"_ _12\"> </span>certificaci\u00f3n <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ermite <span class=\"_ _12\"> </span>impla<span class=\"_ _6\"></span>ntar  una <span class=\"_ _12\"> </span>pol\u00edtica energ\u00e9tica <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>gestionar <span class=\"_ _15\"></span>adecuad<span class=\"_ _6\"></span>amente <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>aspectos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>energ\u00e9ticos <span class=\"_ _15\"></span>derivados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>idad <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>iof\u00e1brica lo que se tradu<span class=\"_ _6\"></span>ce en un ahorro real y cuan<span class=\"_ _6\"></span>tificable del coste energ\u00e9tico. <span class=\"_ _15\"></span> El seguimiento y la<span class=\"_ _1\"></span> mejora de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> par\u00e1metros de e<span class=\"_ _1\"></span>misi\u00f3n es otro de <span class=\"_ _1\"></span>los objetivos <span class=\"_ _1\"></span>de la gesti\u00f3n <span class=\"_ _1\"></span>ambiental de la <span class=\"_ _6\"></span>compa\u00f1\u00eda <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>todas <span class=\"_ _15\"></span>sus <span class=\"_ _6\"></span>instalaciones. <span class=\"_ _15\"></span>En <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>biof\u00e1brica <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Nav<span class=\"_ _6\"></span>ia <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isponen <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>sis<span class=\"_ _6\"></span>temas <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>medici\u00f3n <span class=\"_ _6\"></span>en continuo <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>monitorizar <span class=\"_ _6\"></span>los p<span class=\"_ _6\"></span>rincipales p<span class=\"_ _15\"></span>ar\u00e1metros d<span class=\"_ _6\"></span>e e<span class=\"_ _6\"></span>misi\u00f3n <span class=\"_ _6\"></span>y as<span class=\"_ _6\"></span>egurar no <span class=\"_ _6\"></span>s\u00f3lo <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>no s<span class=\"_ _6\"></span>e sup<span class=\"_ _6\"></span>eran los l\u00edmites de <span class=\"_ _e\"></span>emisi\u00f3n<span class=\"_ _6\"></span> establecidos de <span class=\"_ _1\"></span>la autorizaci\u00f3n ambiental, <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ino que, <span class=\"_ _1\"></span>de acuerdo <span class=\"_ _1\"></span>con el <span class=\"_ _e\"></span>sis<span class=\"_ _6\"></span>tema integrado de gesti\u00f3n bas<span class=\"_ _6\"></span>ado en la mejora con<span class=\"_ _6\"></span>tinua, se puedan<span class=\"_ _6\"></span> mejorar paulatinamente. <span class=\"_ _15\"></span> Biof\u00e1brica de Ponte<span class=\"_ _6\"></span>vedra  Para la biof\u00e1brica d<span class=\"_ _6\"></span>e Pontevedra, la con<span class=\"_ _6\"></span>vivencia y el respeto a las<span class=\"_ _6\"></span> comunidades en las q<span class=\"_ _6\"></span>ue se emplazan sus instalaciones <span class=\"_ _6\"></span>son <span class=\"_ _6\"></span>una prioridad <span class=\"_ _6\"></span>estrat\u00e9gica <span class=\"_ _6\"></span>para gara<span class=\"_ _6\"></span>ntizar la <span class=\"_ _6\"></span>licencia social <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>operar. Por <span class=\"_ _6\"></span>ello, entre <span class=\"_ _6\"></span>los objetivos ambientales prioritarios, <span class=\"_ _1\"></span>Ence enfoca sus <span class=\"_ _e\"></span>esfuerzos en <span class=\"_ _1\"></span>aquellos aspectos <span class=\"_ _1\"></span>que pueden <span class=\"_ _e\"></span>afectar a las<span class=\"_ _1\"></span> comunidades  vecinas,  tales  como <span class=\"_ _12\"> </span>el  impacto  ac\u00fastico,  la  calidad <span class=\"_ _12\"> </span>del  aire  o <span class=\"_ _12\"> </span>el  impacto  oloroso  de <span class=\"_ _1a\"> </span>la biof\u00e1brica.  De <span class=\"_ _e\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>manera, <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>contin\u00faa trabajando e<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>Plan<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>Olor <span class=\"_ _1\"></span>Cero, gracias <span class=\"_ _e\"></span>al cual <span class=\"_ _e\"></span>se ha <span class=\"_ _e\"></span>conseguido reducir <span class=\"_ _e\"></span>al 35% el n\u00famero <span class=\"_ _6\"></span>de minutos<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>olor respecto <span class=\"_ _6\"></span>al a\u00f1<span class=\"_ _6\"></span>o pasad<span class=\"_ _6\"></span>o, habiendo <span class=\"_ _6\"></span>alcanzado <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>a\u00f1o 2024 el <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>m\u00ednimo hist\u00f3rico <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>biof\u00e1brica. <span class=\"_ _0\"></span>De <span class=\"_ _0\"></span>esta <span class=\"_ _10\"></span>forma, <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>contin\u00faa <span class=\"_ _0\"></span>avanzando <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>mejora <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>percepci\u00f3n <span class=\"_ _10\"></span>o<span class=\"_ _6\"></span>lorosa, consiguiendo u<span class=\"_ _6\"></span>na reducci\u00f3n de m\u00e1s del 99<span class=\"_ _6\"></span>% las emision<span class=\"_ _6\"></span>es olorosas<span class=\"_ _6\"></span> de los focos<span class=\"_ _6\"></span> canalizados desd<span class=\"_ _6\"></span>e el inicio del proyecto en el a\u00f1o 2010.<span class=\"_ _6\"></span> La  gesti\u00f3n  responsable  de  los  recursos  h\u00eddricos  es  otra  de  las  principales  prioridades  en  materia  de sostenibilidad<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>y, en <span class=\"_ _e\"></span>consecuencia, se <span class=\"_ _e\"></span>trabaja tanto <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>ara m<span class=\"_ _1\"></span>ejorar <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>eficiencia <span class=\"_ _e\"></span>en e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>consumo como <span class=\"_ _e\"></span>la calida<span class=\"_ _1\"></span>d de <span class=\"_ _11\"> </span>sus <span class=\"_ _11\"> </span>efluentes. <span class=\"_ _12\"> </span>As\u00ed, <span class=\"_ _12\"> </span>aplicando <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>metodolog\u00eda <span class=\"_ _12\"> </span>TQM <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>ajustes<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>proceso <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>permiten <span class=\"_ _11\"> </span>mejorar <span class=\"_ _12\"> </span>la eficiencia <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>maximizar <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>reutilizaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>agu<span class=\"_ _6\"></span>a, <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>alcanz\u00f3 <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>2024 <span class=\"_ _15\"></span>un <span class=\"_ _10\"></span>nuevo <span class=\"_ _10\"></span>hito <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>haber <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>eguido <span class=\"_ _15\"></span>un consumo de 23,8 m\u00b3 por tonelada de pasta, lo que supone una reducci\u00f3n del 8,5% respecto al a\u00f1o a<span class=\"_ _15\"></span>nterior y constituy<span class=\"_ _6\"></span>e el menor consumo de agu<span class=\"_ _6\"></span>a por tonelada <span class=\"_ _6\"></span>de pasta de la historia <span class=\"_ _6\"></span>de la biof\u00e1brica. <span class=\"_ _15\"></span> En <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>contexto, <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>m<span class=\"_ _6\"></span>ejorar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>resiliencia <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Biof\u00e1brica <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Pontev<span class=\"_ _6\"></span>edra <span class=\"_ _6\"></span>ante <span class=\"_ _6\"></span>epis<span class=\"_ _6\"></span>odios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>bajad<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>de caudal del <span class=\"_ _1\"></span>r\u00edo L\u00e9re<span class=\"_ _1\"></span>z, se <span class=\"_ _1\"></span>instal<span class=\"ls1d\">\u00f3 </span>un sistema <span class=\"_ _1\"></span>para el <span class=\"_ _e\"></span>tra<span class=\"_ _6\"></span>tamiento del <span class=\"_ _e\"></span>efluent<span class=\"_ _6\"></span>e mediante <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>n proceso <span class=\"_ _1\"></span>de<span class=\"_ _6\"></span> \u00f3smosis inversa <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>ha <span class=\"_ _12\"> </span>permitido  recirc<span class=\"_ _1\"></span>ular <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>arte <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>efluente <span class=\"_ _12\"> </span>in<span class=\"_ _6\"></span>dus<span class=\"_ _6\"></span>trial <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>ser  e<span class=\"_ _1\"></span>mpleado <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el  proceso <span class=\"_ _11\"> </span>de fabricaci\u00f3n. <span class=\"_ _0\"></span>Todas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>esta<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>medidas <span class=\"_ _11\"></span>han <span class=\"_ _0\"></span>estado <span class=\"_ _0\"></span>orientadas <span class=\"_ _11\"></span>para <span class=\"_ _0\"></span>garantizar <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>actividad <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>biof\u00e1brica <span class=\"_ _0\"></span>en situaciones d<span class=\"_ _6\"></span>e sequ\u00eda y mitigar de esta forma este ries<span class=\"_ _6\"></span>go. <span class=\"_ _6\"></span> En <span class=\"_ _12\"> </span>cuanto <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>vertido <span class=\"_ _12\"> </span>l\u00edquido <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>b<span class=\"_ _6\"></span>iof\u00e1brica <span class=\"_ _12\"> </span>Pontevedra, <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>a\u00f1o <span class=\"_ _12\"> </span>2024 <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>mantienen <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>resu<span class=\"_ _6\"></span>ltados alcanzados <span class=\"_ _6\"></span>a\u00f1os<span class=\"_ _6\"></span> anteriores. <span class=\"_ _6\"></span>Todos <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>par\u00e1metros <span class=\"_ _6\"></span>del efluen<span class=\"_ _6\"></span>te de <span class=\"_ _6\"></span>la plan<span class=\"_ _6\"></span>ta s<span class=\"_ _6\"></span>e situaro<span class=\"_ _6\"></span>n mu<span class=\"_ _6\"></span>y po<span class=\"_ _6\"></span>r debajo<span class=\"_ _6\"></span> de los <span class=\"_ _6\"></span>l\u00edmites <span class=\"_ _6\"></span>fijados <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>AI, <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>cabe <span class=\"_ _15\"></span>destacar <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>DQO <span class=\"_ _6\"></span>(Demanda <span class=\"_ _15\"></span>Qu\u00edmica <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>O<span class=\"_ _6\"></span>x\u00edgeno), <span class=\"_ _6\"></span>principal medida <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>calidad <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>efluente, <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>mejor\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>60 <span class=\"_ _10\"></span>% <span class=\"_ _0\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>l\u00edmite <span class=\"_ _0\"></span>marcado <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>au<span class=\"_ _6\"></span>torizaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>ertido, situ\u00e1ndose en <span class=\"_ _1\"></span>2,8 kg/tAD, <span class=\"_ _e\"></span>fre<span class=\"_ _6\"></span>nte al <span class=\"_ _e\"></span>m\u00e1ximo establecido en 7 <span class=\"_ _e\"></span>kg/tAD. La e<span class=\"_ _1\"></span>voluci\u00f3n de <span class=\"_ _1\"></span>este dato confirma los avances <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>biof\u00e1b<span class=\"_ _6\"></span>rica <span class=\"_ _10\"></span>ha <span class=\"_ _0\"></span>logrado <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>calidad <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>efluente <span class=\"_ _10\"></span>fin<span class=\"_ _6\"></span>al <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>DQO <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>nce <span class=\"_ _10\"></span>Pontevedra mejora en <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>86% <span class=\"_ _6\"></span>el ran<span class=\"_ _6\"></span>go <span class=\"_ _6\"></span>superior <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>referencia <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e marc<span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>mejores <span class=\"_ _6\"></span>pr\u00e1<span class=\"_ _6\"></span>cticas <span class=\"_ _6\"></span>ambientales <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>BREF del sector de la celulosa p<span class=\"_ _6\"></span>ara este par<span class=\"_ _6\"></span>\u00e1metro, lo q<span class=\"_ _6\"></span>ue la sit\u00faa como <span class=\"_ _6\"></span>una planta<span class=\"_ _6\"></span> de referencia.<span class=\"_ _6\"></span> En cuanto a la promoci\u00f3n de <span class=\"_ _1\"></span>la econom\u00eda circ<span class=\"_ _1\"></span>ular, dado que las materias primas empleadas son naturales y<span class=\"_ _1\"></span> renovables, la gran <span class=\"_ _e\"></span>mayor\u00eda de <span class=\"_ _1\"></span>los residuos que <span class=\"_ _1\"></span>se generan <span class=\"_ _e\"></span>en la biof\u00e1brica <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>on recuperables y <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>rizables, por <span class=\"_ _11\"></span>ejemplo, <span class=\"_ _0\"></span>mediante <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>elaboraci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>te<span class=\"_ _6\"></span>cnos<span class=\"_ _6\"></span>uelos. <span class=\"_ _11\"></span>Esto <span class=\"_ _0\"></span>ha <span class=\"_ _11\"> </span>permitido <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>biof\u00e1brica <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Pontevedra revalidar <span class=\"_ _11\"> </span>nu<span class=\"_ _6\"></span>evamente <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>c<span class=\"_ _6\"></span>ertificaci\u00f3n <span class=\"_ _12\"> </span>Res<span class=\"_ _6\"></span>iduo <span class=\"_ _11\"> </span>Cero <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>AE<span class=\"_ _6\"></span>NOR, <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>reconoce <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>las <span class=\"_ _12\"> </span>organiza<span class=\"_ _6\"></span>ciones <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e valorizan  las  distintas  fracci<span class=\"_ _1\"></span>ones  de  residuos  que <span class=\"_ _12\"> </span>genera<span class=\"_ _6\"></span>n,  y  e<span class=\"_ _1\"></span>vitan  as\u00ed  su <span class=\"_ _1a\"> </span>dep\u00f3sito  en <span class=\"_ _12\"> </span>vertedero.<span class=\"_ _10\"></span>  La biof\u00e1brica <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Pontevedra, <span class=\"_ _15\"></span>que fue <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>primera <span class=\"_ _6\"></span>insta<span class=\"_ _6\"></span>laci\u00f3n <span class=\"_ _6\"></span>de E<span class=\"_ _6\"></span>nce <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>conseguir <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>certificado, <span class=\"_ _6\"></span>alcanz\u00f3<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en 2024, un ratio de v<span class=\"_ _6\"></span>alorizaci\u00f3n del 99 %.<span class=\"_ _6\"></span> Otro de los objetivos <span class=\"_ _1\"></span>ambientales de Ence pasa <span class=\"_ _1\"></span>consiste en <span class=\"_ _1\"></span>reducir las emisiones a <span class=\"_ _1\"></span>la atm\u00f3sfera. Por <span class=\"_ _1\"></span>ello, el<span class=\"_ _1\"></span> seguimiento <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>mejora <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>par\u00e1metros <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>emisi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>otro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>objetivos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>gesti\u00f3n <span class=\"_ _6\"></span>amb<span class=\"_ _6\"></span>iental <span class=\"_ _6\"></span>de la <span class=\"_ _15\"></span>biof\u00e1brica. <span class=\"_ _10\"></span>Para <span class=\"_ _15\"></span>ello <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>disponen <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>is<span class=\"_ _6\"></span>temas <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>medici\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>tinuo <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>monitorizan <span class=\"_ _10\"></span>los <span class=\"_ _15\"></span>prin<span class=\"_ _6\"></span>cipales par\u00e1metros <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>emisi\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>asegurando <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>s\u00f3lo <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e n<span class=\"_ _6\"></span>o se <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>uperan <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>l\u00edmites <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>emis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _6\"></span>establecidos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e la <span class=\"_ _15\"></span>Au<span class=\"_ _6\"></span>torizaci\u00f3n <span class=\"_ _10\"></span>Ambiental <span class=\"_ _10\"></span>Int<span class=\"_ _6\"></span>egrada, <span class=\"_ _10\"></span>sino<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>siguen <span class=\"_ _10\"></span>mejorar <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>for<span class=\"_ _6\"></span>ma <span class=\"_ _10\"></span>continua<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>En <span class=\"_ _11\"></span>este <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>entido, cabe desta<span class=\"_ _6\"></span>car la <span class=\"_ _6\"></span>mejora conseguida <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>emisi\u00f3n d<span class=\"_ _6\"></span>e part\u00edculas <span class=\"_ _6\"></span>de la cald<span class=\"_ _6\"></span>era de <span class=\"_ _6\"></span>Biomasa que h<span class=\"_ _6\"></span>a permitido adelantarse a las<span class=\"_ _6\"></span> nuevas exigencias qu<span class=\"_ _6\"></span>e ser\u00e1n de aplicaci\u00f3n a par<span class=\"_ _6\"></span>tir del a\u00f1o 2025. <span class=\"_ _15\"></span> El compromiso <span class=\"_ _1\"></span>de Ence <span class=\"_ _1\"></span>con la sostenibilidad ambiental <span class=\"_ _1\"></span>se evidencia <span class=\"_ _e\"></span>ta<span class=\"_ _6\"></span>mbi\u00e9n en <span class=\"_ _1\"></span>la certificaci\u00f3n de <span class=\"_ _e\"></span>la norma ISO <span class=\"_ _11\"> </span>5000<span class=\"_ _6\"></span>1 <span class=\"_ _11\"> </span>implan<span class=\"_ _6\"></span>tada <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>biof\u00e1brica <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>Pontevedra<span class=\"_ _6\"></span>. <span class=\"_ _11\"> </span>Dicha<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>certifi<span class=\"_ _6\"></span>caci\u00f3n, <span class=\"_ _12\"> </span>acredita <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>Ence <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>una organizaci\u00f3n  qu<span class=\"_ _6\"></span>e  desarrolla  un  enfoqu<span class=\"_ _6\"></span>e  sistem\u00e1tic<span class=\"_ _6\"></span>o  con  respecto <span class=\"_ _18\"> </span>al  rendimiento,  la  adq<span class=\"_ _6\"></span>uisici\u00f3n  y  el consumo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>dura<span class=\"_ _6\"></span>nte <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>proceso <span class=\"_ _0\"></span>productiv<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>oniendo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>excelencia <span class=\"_ _0\"></span>ambiental <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la biof\u00e1brica. La <span class=\"_ _12\"> </span>Biof\u00e1b<span class=\"_ _6\"></span>rica <span class=\"_ _12\"> </span>tiene  implantado <span class=\"_ _1a\"> </span>tambi\u00e9n <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>sistema  de <span class=\"_ _12\"> </span>gesti\u00f3n <span class=\"_ _12\"> </span>para  demostrar <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>ostenibilidad  de <span class=\"_ _12\"> </span>la biomasa seg\u00fan el es<span class=\"_ _6\"></span>quema alem\u00e1n SURE. <span class=\"_ _6\"></span> Negocio Energ\u00eda Ren<span class=\"_ _6\"></span>ovable  En  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span><span class=\"lse\">202</span>4,  en <span class=\"_ _12\"> </span>el <span class=\"_ _1a\"> </span>\u00e1rea <span class=\"_ _12\"> </span>de  e<span class=\"_ _1\"></span>nerg\u00eda <span class=\"_ _1a\"> </span>se <span class=\"_ _12\"> </span>h<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>trabaj<span class=\"_ _6\"></span>ado <span class=\"_ _12\"> </span>en  dif<span class=\"_ _1\"></span>erentes <span class=\"_ _12\"> </span>Ob<span class=\"_ _6\"></span>jetivos  de <span class=\"_ _11\"> </span>Mejora  Ambiental utilizando  como <span class=\"_ _12\"> </span>herramienta  metodolog\u00eda  T<span class=\"_ _1\"></span>QM. <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>ntre <span class=\"_ _12\"> </span>el<span class=\"_ _6\"></span>los,  se <span class=\"_ _12\"> </span>estab<span class=\"_ _6\"></span>lecieron <span class=\"_ _12\"> </span>objetiv<span class=\"_ _6\"></span>os  e<span class=\"_ _1\"></span>n  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>\u00e1rea  de Sistema <span class=\"_ _e\"></span>de Gesti\u00f3n <span class=\"_ _e\"></span>Medio <span class=\"_ _e\"></span>A<span class=\"_ _6\"></span>mbiental, consigui\u00e9ndose <span class=\"_ _e\"></span>en mayo <span class=\"_ _e\"></span>la <span class=\"ls3f\">re</span>ce<span class=\"_ _1\"></span>rtificaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>dicho <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>istema <span class=\"_ _1\"></span>conforme a la <span class=\"_ _6\"></span>norma <span class=\"_ _6\"></span>UNE <span class=\"_ _6\"></span>14001. <span class=\"_ _6\"></span>Se <span class=\"_ _6\"></span>establecieron <span class=\"_ _6\"></span>tambi\u00e9n <span class=\"_ _6\"></span>objetivos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de reducci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e consu<span class=\"_ _6\"></span>mos de<span class=\"_ _6\"></span> agua,<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>mejora de calidad del aire y gesti\u00f3<span class=\"_ _6\"></span>n de residuos<span class=\"_ _6\"></span> y reducci\u00f3n de ru<span class=\"_ _6\"></span>ido. <span class=\"_ _6\"></span> En <span class=\"_ _0\"></span>2024 <span class=\"_ _10\"></span>tambi\u00e9n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>concluido <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>an\u00e1lisis <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>riesgos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>todas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>lantas <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>energ\u00eda, <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>permiten trabajar en la gesti\u00f3<span class=\"_ _6\"></span>n para la reducci\u00f3n d<span class=\"_ _6\"></span>e riesgos (ALARP, As<span class=\"_ _6\"></span> Low As Reason<span class=\"_ _6\"></span>ably Practicable).<span class=\"_ _15\"></span> Adicionalmente, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>ha <span class=\"_ _15\"></span>avanzado<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>diversos <span class=\"_ _6\"></span>pro<span class=\"_ _6\"></span>yectos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>valorizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>residuos, <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>permitir\u00e1n <span class=\"_ _6\"></span>dar <span class=\"_ _6\"></span>un segundo us<span class=\"_ _6\"></span>o a residuos no peligroso<span class=\"_ _6\"></span>s que se generan en<span class=\"_ _6\"></span> las plantas.<span class=\"_ _6\"></span> Algunos <span class=\"_ _18\"> </span>otros  hitos<span class=\"_ _6\"></span>  alcan<span class=\"_ _6\"></span>zados  en <span class=\"_ _18\"> </span>2024  enmarcados <span class=\"_ _18\"> </span>en  el <span class=\"_ _18\"> </span>l  Plan <span class=\"_ _18\"> </span>Director  de <span class=\"_ _18\"> </span>Sostenibilidad <span class=\"_ _18\"> </span>son <span class=\"_ _18\"> </span>los siguientes: -<span class=\"ff2\"> <span class=\"_ _9\"> </span></span>Preparaci\u00f3n <span class=\"_ _11\"> </span>del  Plan <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>Des<span class=\"_ _6\"></span>carbonizaci\u00f3n,  f<span class=\"_ _1\"></span>ijando <span class=\"_ _1a\"> </span>objetivos <span class=\"_ _1a\"> </span>de <span class=\"_ _12\"> </span>reducci\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>CO2  e <span class=\"_ _12\"> </span>identificando diferentes acciones d<span class=\"_ _6\"></span>e reducci\u00f3n<span class=\"_ _6\"></span> -<span class=\"ff2\"> <span class=\"_ _9\"> </span></span>Actualizaci\u00f3n de planes de calidad d<span class=\"_ _6\"></span>el aire en todas las<span class=\"_ _6\"></span> plantas -<span class=\"ff2\"> <span class=\"_ _9\"> </span></span>Preparaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>mapa <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>agua <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>compa\u00f1<span class=\"_ _6\"></span>\u00eda, <span class=\"_ _15\"></span>identificando <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>l\u00edneas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>actuaci\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>debe trabajar, as<span class=\"_ _6\"></span>\u00ed como fijando los objetivos d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reducci\u00f3n de agua a <span class=\"_ _6\"></span>2028 Econom\u00eda Circu<span class=\"_ _6\"></span>lar Durante <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>a\u00f1o <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>continu<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>logros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>iniciados <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>2023 <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>permit<span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>mejor <span class=\"_ _15\"></span>valorizaci\u00f3n de residuos, d<span class=\"_ _6\"></span>ando una nueva vida <span class=\"_ _6\"></span>a residuos no peligrosos prod<span class=\"_ _6\"></span>ucidos en las p<span class=\"_ _6\"></span>lantas de energ\u00eda. <span class=\"_ _15\"></span> Adicionalmente, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Comit\u00e9 de<span class=\"_ _6\"></span> Direcci\u00f3n<span class=\"_ _6\"></span> apro<span class=\"_ _6\"></span>b\u00f3 la <span class=\"_ _6\"></span>Estra<span class=\"_ _6\"></span>tegia de <span class=\"_ _6\"></span>Econom\u00eda <span class=\"_ _6\"></span>Circular, <span class=\"_ _6\"></span>pilar f<span class=\"_ _6\"></span>undamental <span class=\"_ _6\"></span>para la <span class=\"_ _12\"> </span>certi<span class=\"_ _6\"></span>ficaci\u00f3n <span class=\"_ _1a\"> </span>de  la <span class=\"_ _12\"> </span>compa<span class=\"_ _6\"></span>\u00f1\u00eda  bajo <span class=\"_ _12\"> </span>el <span class=\"_ _1a\"> </span>sistema  de <span class=\"_ _12\"> </span>AEN<span class=\"_ _6\"></span>OR <span class=\"_ _12\"> </span>\u201c<span class=\"_ _6\"></span>Estrategia  Econom\u00eda  Ci<span class=\"_ _1\"></span>rcular\u201d,  lograda <span class=\"_ _12\"> </span>en noviembre de 2024.<span class=\"_ _6\"></span> En este <span class=\"_ _e\"></span>\u00e1mb<span class=\"_ _6\"></span>ito, en <span class=\"_ _1\"></span>las plantas <span class=\"_ _1\"></span>de energ\u00eda <span class=\"_ _1\"></span>se ha <span class=\"_ _e\"></span>tra<span class=\"_ _6\"></span>bajado en 2024<span class=\"_ _1\"></span> en <span class=\"_ _1\"></span>varios proyectos de <span class=\"_ _1\"></span>investigaci\u00f3n para lograr <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>alorizaci\u00f3n <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>esc<span class=\"_ _6\"></span>orias <span class=\"_ _12\"> </span>y  cenizas <span class=\"_ _11\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>dotarles  de <span class=\"_ _11\"> </span>u<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>nuevo  uso <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>enmien<span class=\"_ _6\"></span>das <span class=\"_ _12\"> </span>o<span class=\"_ _6\"></span>rg\u00e1nicas <span class=\"_ _12\"> </span>o generaci\u00f3n de \u00e1ridos a<span class=\"_ _6\"></span>rtificiales, entre otros<span class=\"_ _6\"></span>. Destacan las<span class=\"_ _6\"></span> siguientes iniciativas:<span class=\"_ _15\"></span> \u2713<span class=\"ff2\"> <span class=\"_ _28\"> </span><span class=\"ff4 fc0_1\">Se han <span class=\"_ _1\"></span>finalizado los tr\u00e1mites y <span class=\"_ _1\"></span>compra de <span class=\"_ _1\"></span>equipos para comenzar <span class=\"_ _e\"></span>a hacer uso de <span class=\"_ _1\"></span>las cenizas de <span class=\"_ _1\"></span>HU 50 </span></span>como sustituyente de pasta de relleno usada en explotaciones mineras subterr\u00e1neas. Se espera que a partir <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Q2 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2025 <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>pueda <span class=\"_ _0\"></span>comenzar <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>trabajar <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>ellos<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span>Adicionalmente, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>iniciad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>las pruebas an<span class=\"_ _6\"></span>al\u00edticas para dar la misma salid<span class=\"_ _6\"></span>a a las cenizas<span class=\"_ _6\"></span> de HU 46.<span class=\"_ _6\"></span> \u2713<span class=\"ff2\"> <span class=\"_ _28\"> </span><span class=\"ff4 fc0_1\">Se <span class=\"_ _11\"></span>ha <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>tinuado <span class=\"_ _11\"></span>colaborando <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>diferentes <span class=\"_ _11\"> </span>asociaciones <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>otros <span class=\"_ _0\"></span>sectores <span class=\"_ _11\"> </span>como <span class=\"_ _11\"></span>fabricantes <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e </span></span>\u00e1ridos, <span class=\"_ _18\"> </span>asfaltos,  cementeras, <span class=\"_ _18\"> </span>miner\u00eda,  etc., <span class=\"_ _18\"> </span>para <span class=\"_ _18\"> </span>poner  en <span class=\"_ _18\"> </span>valor <span class=\"_ _18\"> </span>la  posible <span class=\"_ _18\"> </span>incorporaci\u00f3n  de <span class=\"_ _18\"> </span>los materiales <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Ence <span class=\"_ _11\"></span>en <span class=\"_ _10\"></span>dis<span class=\"_ _6\"></span>tintos <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>cesos <span class=\"_ _0\"></span>produ<span class=\"_ _6\"></span>ctivos, <span class=\"_ _0\"></span>fomentando<span class=\"_ _15\"></span> <span class=\"_ _0\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>simbiosis<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>industrial <span class=\"_ _0\"></span>entre sectores.  \u2713<span class=\"ff2\"> <span class=\"_ _28\"> </span><span class=\"ff4 fc0_1\">Dentro de <span class=\"_ _e\"></span>las iniciativas <span class=\"_ _1\"></span>asociadas<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>mejora <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>tinua, Ence <span class=\"_ _e\"></span>sigue apostando por <span class=\"_ _e\"></span>proyectos<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>I+D+I <span class=\"_ _1\"></span>con </span></span>alto <span class=\"_ _11\"></span>potencial <span class=\"_ _0\"></span>como <span class=\"_ _11\"> </span>es <span class=\"_ _11\"></span>el <span class=\"_ _11\"></span>caso <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>planta <span class=\"_ _0\"></span>piloto <span class=\"_ _11\"> </span>para <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>creaci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>tecnosuelos <span class=\"_ _11\"> </span>destinados<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a recuperar <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>entorn<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>instalaciones <span class=\"_ _15\"></span>mineras <span class=\"_ _15\"></span>gracias <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>capacidad <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>remediaci\u00f3n <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>ap<span class=\"_ _6\"></span>ortar\u00edan los suelos a<span class=\"_ _6\"></span>rtificiales creados mayorita<span class=\"_ _6\"></span>riamente con los<span class=\"_ _6\"></span> residuos d<span class=\"_ _6\"></span>e las plantas de Ence. <span class=\"_ _15\"></span> \u2713<span class=\"ff2\"> <span class=\"_ _28\"> </span><span class=\"ff4 fc0_1\">Contin\u00faa <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>iniciativa,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>puesta<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>marcha <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2022, <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>evoluci\u00f3n <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>origen <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>fino<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>llegan </span></span>con <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>b<span class=\"_ _6\"></span>iomasa <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>evitar <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>degradaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>suelo <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>explotaci\u00f3n <span class=\"_ _0\"></span>agr\u00edcola <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ilv\u00edcola. <span class=\"_ _10\"></span>Con <span class=\"_ _10\"></span>esta iniciativa <span class=\"_ _17\"> </span>se <span class=\"_ _17\"> </span>devu<span class=\"_ _6\"></span>elve <span class=\"_ _17\"> </span>un <span class=\"_ _17\"> </span>material <span class=\"_ _17\"> </span>n<span class=\"_ _6\"></span>atural <span class=\"_ _17\"> </span>con <span class=\"_ _17\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _17\"> </span>para <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>lucha <span class=\"_ _1c\"> </span>contra <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>desertificaci\u00f3n <span class=\"_ _1c\"> </span><span class=\"ls1c\">y </span>degradaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>suelo. <span class=\"_ _15\"></span>En <span class=\"_ _6\"></span>2024, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>establecido <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>nueva <span class=\"_ _6\"></span>estrategia <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _6\"></span>minimizar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>entrada <span class=\"_ _6\"></span>de finos en planta<span class=\"_ _6\"></span>, reduciendo de esta manera la n<span class=\"_ _6\"></span>ecesidad de devolv<span class=\"_ _6\"></span>er este producto a<span class=\"_ _6\"></span> su origen. <span class=\"_ _15\"></span> \u2713<span class=\"ff2\"> <span class=\"_ _28\"> </span><span class=\"ff4 fc0_1\">Se <span class=\"_ _6\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>iniciado <span class=\"_ _15\"></span>pruebas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>diferent<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>empres<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>valorizaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _6\"></span>enizas <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>corias <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>las </span></span>plantas d<span class=\"_ _6\"></span>e energ\u00eda a lo largo del a\u00f1o, tras<span class=\"_ _6\"></span> la firma de nuevos acuerdo<span class=\"_ _6\"></span>s de colaboraci\u00f3n<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> Ence tambi\u00e9n mantiene la re<span class=\"_ _1\"></span>alizaci\u00f3n de estudios y colaboraciones con entidades especializadas, como por<span class=\"_ _e\"></span> ejemplo <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>l <span class=\"_ _15\"></span>Consejo <span class=\"_ _15\"></span>Superior <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Investiga<span class=\"_ _6\"></span>ciones <span class=\"_ _15\"></span>Cient\u00edficas <span class=\"_ _10\"></span>(CSIC), <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>seguir <span class=\"_ _15\"></span>explora<span class=\"_ _6\"></span>ndo <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>aptitudes <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e los <span class=\"_ _e\"></span>resid<span class=\"_ _6\"></span>uos <span class=\"_ _1\"></span>producidos por <span class=\"_ _a\"></span>la <span class=\"_ _1\"></span>combusti\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>biomas<span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Magnon e<span class=\"_ _1\"></span>n <span class=\"_ _e\"></span>difer<span class=\"_ _6\"></span>entes <span class=\"_ _e\"></span>aplicacio<span class=\"_ _6\"></span>nes, <span class=\"_ _1\"></span>como <span class=\"_ _e\"></span>pu<span class=\"_ _6\"></span>eden ser la <span class=\"_ _6\"></span>generaci\u00f3n d<span class=\"_ _6\"></span>e suelos <span class=\"_ _6\"></span>artificiales <span class=\"_ _6\"></span>y/o tecno<span class=\"_ _6\"></span>suelos, <span class=\"_ _15\"></span>preparaci\u00f3n <span class=\"_ _6\"></span>de mortero, <span class=\"_ _6\"></span>mejoras<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de material<span class=\"_ _6\"></span>es de construcci\u00f3n y<span class=\"_ _6\"></span> aditivos de resinas, en<span class=\"_ _6\"></span>tre otros. En <span class=\"_ _0\"></span>cuanto <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>desempe\u00f1o <span class=\"_ _10\"></span>en <span class=\"_ _11\"></span>econom\u00eda <span class=\"_ _0\"></span>circular, <span class=\"_ _0\"></span>desd<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>En<span class=\"_ _6\"></span>ce <span class=\"_ _0\"></span>mantiene <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>certifi<span class=\"_ _6\"></span>caci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>tod<span class=\"_ _6\"></span>as <span class=\"_ _0\"></span>sus plantas con el sello Residuo Cero de AENOR, que reconoce a aquellas instalaciones referentes en la gesti\u00f3n y valorizaci\u00f3n d<span class=\"_ _6\"></span>e residuos que recuperan al menos<span class=\"_ _6\"></span> el 90<span class=\"_ _6\"></span>% de sus r<span class=\"_ _6\"></span>esiduos.  Centro de Oper<span class=\"_ _6\"></span>aciones de Huelva<span class=\"_ _6\"></span> El centro de operaciones de <span class=\"_ _1\"></span>Huelva es un exponente en la producci\u00f3n de e<span class=\"_ _1\"></span>nerg\u00eda renovable con biomasa al albergar tres de los p<span class=\"_ _6\"></span>rincipales centros<span class=\"_ _6\"></span> de generaci\u00f3n de energ\u00eda con la<span class=\"_ _6\"></span>s plantas d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>HU41, HU50 y la nueva planta HU46. En materia <span class=\"_ _6\"></span>ambienta<span class=\"_ _6\"></span>l, todo<span class=\"_ _6\"></span>s los<span class=\"_ _6\"></span> par\u00e1metros<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>vertido <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>instalaci\u00f3n <span class=\"_ _6\"></span>duran<span class=\"_ _6\"></span>te este <span class=\"_ _6\"></span>a\u00f1o, <span class=\"_ _6\"></span>tanto <span class=\"_ _6\"></span>el caudal, como <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>principales <span class=\"_ _12\"> </span>indicado<span class=\"_ _6\"></span>res <span class=\"_ _11\"> </span>que <span class=\"_ _12\"> </span>caracterizan <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>cali<span class=\"_ _6\"></span>dad <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>efluente, <span class=\"_ _11\"> </span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _11\"> </span>como <span class=\"_ _11\"> </span>l<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>par\u00e1metros <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e calidad del aire, se man<span class=\"_ _6\"></span>tienen por <span class=\"_ _6\"></span>debajo de lo<span class=\"_ _6\"></span>s l\u00edmites establecidos en<span class=\"_ _6\"></span> la AAI.  Centro de Oper<span class=\"_ _6\"></span>aciones de M\u00e9rida<span class=\"_ _6\"></span> Durante el <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>M\u00e9rida mant<span class=\"_ _6\"></span>iene su<span class=\"_ _6\"></span>s n<span class=\"_ _6\"></span>iveles de <span class=\"_ _6\"></span>cumplimiento<span class=\"_ _6\"></span> ambiental <span class=\"_ _6\"></span>en cuan<span class=\"_ _6\"></span>to a <span class=\"_ _6\"></span>niveles d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>AAI as\u00ed como de los objetiv<span class=\"_ _6\"></span>os de compa\u00f1\u00eda <span class=\"_ _6\"></span>establecidos par<span class=\"_ _6\"></span>a 2024.<span class=\"_ _6\"></span> Centro de Oper<span class=\"_ _6\"></span>aciones de Enemansa <span class=\"_ _6\"></span> Durante 2024 <span class=\"_ _6\"></span>la in<span class=\"_ _6\"></span>stalaci\u00f3n <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>tenido <span class=\"_ _6\"></span>actividad, <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>obstante, se <span class=\"_ _6\"></span>han <span class=\"_ _6\"></span>mantenido <span class=\"_ _6\"></span>el cu<span class=\"_ _6\"></span>mplimiento <span class=\"_ _6\"></span>de los par\u00e1metros ambientales d<span class=\"_ _6\"></span>e aplicaci\u00f3n y<span class=\"_ _6\"></span> se ha p<span class=\"_ _6\"></span>reparado su puesta en march<span class=\"_ _6\"></span>a para principios d<span class=\"_ _6\"></span>e 2025.<span class=\"_ _6\"></span> La  planta <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e  e<span class=\"_ _1\"></span>ncuentra  adaptada  a <span class=\"_ _1a\"> </span>las  Me<span class=\"_ _1\"></span>jores  T\u00e9cnicas <span class=\"_ _12\"> </span>Dis<span class=\"_ _6\"></span>ponibles  de  la<span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>  Grandes <span class=\"_ _12\"> </span>Ins<span class=\"_ _6\"></span>talaciones  de<span class=\"_ _1\"></span> Combusti\u00f3n destacand<span class=\"_ _6\"></span>o su <span class=\"_ _1\"></span>avanzado sistema de depuraci\u00f3n de emisiones de <span class=\"_ _1\"></span>NOX denominado Sistema de<span class=\"_ _1\"></span> Reducci\u00f3n Catal\u00edtica. <span class=\"_ _6\"></span> Centro de Oper<span class=\"_ _6\"></span>aciones de La Loma<span class=\"_ _6\"></span> Durante 2024 se han<span class=\"_ _6\"></span> mantenido lo<span class=\"_ _6\"></span>s cumplimientos de los<span class=\"_ _6\"></span> par\u00e1metros ambientales esta<span class=\"_ _6\"></span>blecidos. <span class=\"_ _15\"></span> Con <span class=\"_ _15\"></span>relaci\u00f3n <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>emisiones, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ensibilizada <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>situaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>calidad<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>aire <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>municipio <span class=\"_ _10\"></span>pr\u00f3ximo <span class=\"_ _15\"></span>de Villanueva  del  Arzob<span class=\"_ _6\"></span>ispo,  la  planta  mantiene  un<span class=\"_ _6\"></span>os  resultados  excelentes  en  la <span class=\"_ _18\"> </span>emisi\u00f3n  de  part\u00edculas provenientes  de <span class=\"_ _12\"> </span>la  caldera <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e  biomasa. <span class=\"_ _12\"> </span>Destacan  la  mejora  e<span class=\"_ _1\"></span>n  todos <span class=\"_ _12\"> </span>los  par\u00e1metros <span class=\"_ _12\"> </span>ambienta<span class=\"_ _6\"></span>les <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e emisiones, vertidos y<span class=\"_ _6\"></span> gesti\u00f3n de residuos<span class=\"_ _6\"></span>.  Centro de Oper<span class=\"_ _6\"></span>aciones de Lucena <span class=\"_ _6\"></span> En 2024 se ha <span class=\"_ _6\"></span>continu<span class=\"_ _6\"></span>ado con la mod<span class=\"_ _6\"></span>ificaci\u00f3n de<span class=\"_ _6\"></span> los pun<span class=\"_ _6\"></span>tos de vertido<span class=\"_ _6\"></span> y se ha <span class=\"_ _6\"></span>mantenido<span class=\"_ _6\"></span> el cumplim<span class=\"_ _6\"></span>iento de los par\u00e1metros a<span class=\"_ _6\"></span>mbientales esta<span class=\"_ _6\"></span>blecidos en la AAI.<span class=\"_ _6\"></span> Centro de Oper<span class=\"_ _6\"></span>aciones de Biollano (Puerto<span class=\"_ _6\"></span>llano). <span class=\"_ _6\"></span> En <span class=\"_ _15\"></span>materia <span class=\"_ _10\"></span>ambiental, <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>trabaj<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>ha <span class=\"_ _10\"></span>continuad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>centrado <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>reducci\u00f3n <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>mantenimiento <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la mejora en emisiones a la<span class=\"_ _6\"></span> atm\u00f3sfe<span class=\"ls3f\">ra</span>. <span class=\"_ _6\"></span><span class=\"ff3 fc2\">  </span>Anex<span class=\"_ _a\"></span>o<span class=\"_ _6\"></span> II \u2013 Estados financieros p<span class=\"_ _1\"></span>or Negocios<span class=\"_ _33\"> </span>ENCE ENERG\u00cdA Y <span class=\"_ _6\"></span>CELULOSA, S.A. Y SOCIE<span class=\"_ _6\"></span>DADES DEPENDIE<span class=\"_ _6\"></span>NTES ESTADOS DE SITUACI\u00d3N F<span class=\"_ _6\"></span>INANCIERA CONSOL<span class=\"_ _6\"></span>IDADOS POR <span class=\"_ _6\"></span>NEGOCIOS <span class=\"_ _6\"></span>AL 31 DE D<span class=\"_ _6\"></span>ICIEMBRE DE 2024 Y 2023<span class=\"_ _6\"></span> 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Miles de<span class=\"_ _1\"></span> Euros Negocio Celulosa Negocio Renovables  Ajustes y Eliminaciones TOTAL CONSOLIDADO<span class=\"_ _1\"></span> Negocio Celulosa Negocio Renovables  Ajustes y Eliminaciones TOTAL CONSOLIDADO<span class=\"_ _1\"></span> ACTIVO NO CORR<span class=\"_ _1\"></span>IENTE: Fondo de co<span class=\"_ _1\"></span>mercio -<span class=\"ff3\"> </span>4.813<span class=\"ff1_1 fs4\"> </span>-<span class=\"ff1_1 fs4\"> </span>4.813<span class=\"ff1_1 fs4\"> </span>-<span class=\"ff1_1 fs4\"> </span>-<span class=\"ff1_1 fs4\"> </span>-<span class=\"ff1_1 fs4\"> </span>-<span class=\"ff1_1 fs4\"> </span>Activo i<span class=\"_ _1\"></span>ntangible 19.167 52.431 (11.559) 60.039 17.657 33.744 (12.135) 39.266 Propiedad, pl<span class=\"_ _1\"></span>anta y equ<span class=\"_ _1\"></span>ipo 608.602 372.438 (6.420) 974.620 617.490 378.977 (7.468) 988.999 Activos bi<span class=\"_ _1\"></span>ol\u00f3gicos 66.071 251<span class=\"ls0_1\"> </span>- 66.322 66.907 204<span class=\"ls0_1\"> </span>- 67.111 Inversione<span class=\"_ _1\"></span>s contabilizadas por<span class=\"_ _1\"></span> el m\u00e9todo de l<span class=\"_ _1\"></span>a participaci\u00f3<span class=\"_ _1\"></span>n   <span class=\"ls0_1\">53    </span>  <span class=\"ls0_1\">24    </span>                        <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">77    </span>33<span class=\"ls0_1\"> </span>1 - 34<span class=\"ls0_1\"> </span>Activos f<span class=\"_ _1\"></span>inancieros a lar<span class=\"_ _1\"></span>go plazo- Cartera de<span class=\"_ _1\"></span> valores 113.963 - (113.963) - 113.963 - (113.963) - Cr\u00e9ditos <span class=\"_ _1\"></span>a empresas del grupo<span class=\"_ _1\"></span> y asociadas 65.719 - (65.719) - 22.270 - (22.270) - Derivado<span class=\"_ _1\"></span>s de cobertura  - - - - - 1.310 - 1.310 Otras inv<span class=\"_ _1\"></span>ersiones financie<span class=\"_ _1\"></span>ras   <span class=\"ls0_1\">19.507    </span>  <span class=\"ls0_1\">30.902    </span>                        <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">50.409    </span>27.684 33.590 - 61.274 Activos po<span class=\"_ _1\"></span>r impuestos difer<span class=\"_ _1\"></span>idos 35.209 23.877 2.901 61.987 37.990 26.963 3.045 67.998 928.291<span class=\"ls0_1\"> </span>484.736<span class=\"ls0_1\"> </span>(194.760) 1.218.267 903.994<span class=\"ls0_1\"> </span>474.789<span class=\"ls0_1\"> </span>(152.791) 1.225.992 ACTIVO CORRIENT<span class=\"_ _1\"></span>E: Existencias 82.074 12.532 - 94.606 54.831 17.271 - 72.102 Deudores <span class=\"_ _1\"></span>comerciales y<span class=\"_ _1\"></span> otras cuentas a cobrar 25.194 31.730 (6.040) 50.884 33.406 5.308 (1.972) 36.742 Administrac<span class=\"_ _1\"></span>iones P\u00fabli<span class=\"_ _1\"></span>cas deudoras 14.280 4.275 - 18.555 6.107 2.206 - 8.313 Impuesto sobr<span class=\"_ _1\"></span>e benefici<span class=\"_ _1\"></span>os, deudor 5.285 1.284 - 6.569 4.844 10.149 - 14.993 Activos f<span class=\"_ _1\"></span>inancieros a corto<span class=\"_ _1\"></span> plazo-     <span class=\"ls0_1\">Cr\u00e9ditos <span class=\"_ _1\"></span>a empresas del grupo<span class=\"_ _1\"></span> y asociadas </span>168<span class=\"ls0_1\"> </span>674<span class=\"ls0_1\"> </span>(830) 12<span class=\"ls0_1\"> </span>230<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>(286) 12<span class=\"ls0_1\"> </span>Derivado<span class=\"_ _1\"></span>s de cobertura - - - - 1.056 1.719 - 2.775 Otras inv<span class=\"_ _1\"></span>ersiones financie<span class=\"_ _1\"></span>ras 26.313 213<span class=\"ls0_1\"> </span>- 26.526 5.138 25<span class=\"ls0_1\"> </span>- 5.163 Efectivo<span class=\"_ _1\"></span> y otros activos l<span class=\"_ _1\"></span>\u00edquidos equivalentes 184.582 79.360 - 263.942 311.227 21.805 - 333.032 Otros ac<span class=\"_ _1\"></span>tivos corrientes 2.769 317<span class=\"ls0_1\"> </span>- 3.086 1.184 166<span class=\"ls0_1\"> </span>- 1.350 340.665<span class=\"ls0_1\"> </span>130.385<span class=\"ls0_1\"> </span>(6.870)<span class=\"ls0_1\"> </span>464.180<span class=\"ls0_1\"> </span>418.023<span class=\"ls0_1\"> </span>58.717<span class=\"ls0_1\"> </span>(2.258)<span class=\"ls0_1\"> </span>474.482<span class=\"ls0_1\"> </span>TOTAL ACTIVO 1.268.956 615.121<span class=\"ls0_1\"> </span>(201.630) 1.682.447 1.322.017 533.506<span class=\"ls0_1\"> </span>(155.049) 1.700.474<span class=\"_ _33\"> </span>ENCE ENERG\u00cdA Y CE<span class=\"_ _6\"></span>LULOSA, S.A. Y SOCIEDA<span class=\"_ _6\"></span>DES DEPENDIENTE<span class=\"_ _6\"></span>S ESTADOS DE SITUACI\u00d3N F<span class=\"_ _6\"></span>INANCIER<span class=\"_ _6\"></span>A CONSOLIDADOS P<span class=\"_ _6\"></span>OR NEGOCIOS AL 31 DE D<span class=\"_ _6\"></span>ICIEMBRE DE<span class=\"_ _6\"></span> 2024 Y 2023<span class=\"_ _6\"></span> 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Miles de<span class=\"_ _1\"></span> Euros Negocio Celulosa Negocio Renovables  Ajustes y Eliminaciones TOTAL CONSOLIDADO<span class=\"_ _1\"></span> Negocio Celulosa Negocio Renovables<span class=\"_ _1\"></span> Ajustes y Eliminaciones TOTAL CONSOLIDADO<span class=\"_ _1\"></span> PATRIMONIO NETO<span class=\"_ _e\"></span>: Capital so<span class=\"_ _1\"></span>cial 221.645 22.795 (22.795) 221.645 221.645 22.795 (22.795) 221.645 Prima de emisi\u00f3<span class=\"_ _1\"></span>n  170.776 91.168 (91.168) 170.776 170.776 91.168 (91.168) 170.776 Reservas<span class=\"_ _1\"></span>  132.742 (3.282) (16.565) 112.895 159.687 (4.393) (18.045) 137.249 Dividend<span class=\"_ _1\"></span>o a cuenta (33.972) - - (33.972) - - - - Diferencias<span class=\"_ _1\"></span> de conversi\u00f3n 20<span class=\"ls0_1\"> </span>- - 20<span class=\"ls0_1\"> </span>13<span class=\"ls0_1\"> </span>- - 13<span class=\"ls0_1\"> </span>Acciones <span class=\"_ _1\"></span>propias - de la Soci<span class=\"_ _1\"></span>edad Dominante (12.205) - - (12.205) (12.980) - - (12.980) Ajustes en pa<span class=\"_ _1\"></span>trimonio por<span class=\"_ _1\"></span> valoraci\u00f3n 33.761 (1.340) - 32.421 39.268 1.483 - 40.751 Otros i<span class=\"_ _1\"></span>nstrumentos de<span class=\"_ _1\"></span> patrimonio neto  2.438 - - 2.438 1.328 - - 1.328 Benefi<span class=\"_ _1\"></span>cio/ (P\u00e9rdida) conso<span class=\"_ _1\"></span>lidado del ejerc<span class=\"_ _1\"></span>icio 43.831 (13.761) 1.481 31.551 (27.309) 1.111 1.478 (24.720) Patrimonio neto at<span class=\"_ _1\"></span>ribuible a la Soci<span class=\"_ _e\"></span>edad Dominante 559.036<span class=\"ls0_1\"> </span>95.580<span class=\"ls0_1\"> </span>(129.047) 525.569<span class=\"ls0_1\"> </span>552.428<span class=\"ls0_1\"> </span>112.164<span class=\"ls0_1\"> </span>(130.530) 534.062<span class=\"ls0_1\"> </span>Intereses minori<span class=\"_ _1\"></span>tarios - 97.051<span class=\"ls0_1\"> </span>- 97.051<span class=\"ls0_1\"> </span>- 115.527<span class=\"ls0_1\"> </span>- 115.527<span class=\"ls0_1\"> </span>TOTAL PATRIMONIO<span class=\"_ _1\"></span> NETO 559.036<span class=\"ls0_1\"> </span>192.631<span class=\"ls0_1\"> </span>(129.047) 622.620<span class=\"ls0_1\"> </span>552.428<span class=\"ls0_1\"> </span>227.691<span class=\"ls0_1\"> </span>(130.530) 649.589<span class=\"ls0_1\"> </span>PASIVO NO CORRIE<span class=\"_ _1\"></span>NTE: Deuda fina<span class=\"_ _1\"></span>nciera 291.303 155.138<span class=\"ff1_1 fs4\"> </span>-<span class=\"ff1_1 fs4\"> </span>446.441<span class=\"ff1_1 fs4\"> </span>349.586 90.645<span class=\"ff1_1 fs4\"> </span>-<span class=\"ff1_1 fs4\"> </span>440.231<span class=\"ff1_1 fs4\"> </span>Instrumento<span class=\"_ _1\"></span>s financiero<span class=\"_ _1\"></span>s derivados 2.234 1.795 - 4.029 3.441 - - 3.441 Subvencione<span class=\"_ _1\"></span>s 5.831 4.704 - 10.535 5.535 483<span class=\"ls0_1\"> </span>- 6.018 Provisione<span class=\"_ _1\"></span>s a largo plazo 28.907 598<span class=\"ls0_1\"> </span>- 29.505 28.149 139<span class=\"ls0_1\"> </span>- 28.288 Periodif<span class=\"_ _1\"></span>icaciones a largo pl<span class=\"_ _1\"></span>azo 11<span class=\"ls0_1\"> </span>3.076 - 3.087 11<span class=\"ls0_1\"> </span>2.702 - 2.713 Otros pa<span class=\"_ _1\"></span>sivos no corrie<span class=\"_ _1\"></span>ntes 27.950 64.111 - 92.061 30.320 66.407 - 96.727 Deudas con <span class=\"_ _1\"></span>empresas del<span class=\"_ _1\"></span> grupo y asociadas - 94.734 (65.719) 29.015 - 27.138 (22.270) 4.868 356.236<span class=\"ls0_1\"> </span>324.156<span class=\"ls0_1\"> </span>(65.719) 614.673<span class=\"ls0_1\"> </span>417.042<span class=\"ls0_1\"> </span>187.514<span class=\"ls0_1\"> </span>(22.270) 582.286<span class=\"ls0_1\"> </span>PASIVO CORRIENT<span class=\"_ _1\"></span>E: Deuda fina<span class=\"_ _1\"></span>nciera 149.183 13.025 - 162.208 150.251 34.703 - 184.954 Instrumento<span class=\"_ _1\"></span>s financiero<span class=\"_ _1\"></span>s derivados 6.874 1.100 - 7.974 593<span class=\"ls0_1\"> </span>- - 593<span class=\"ls0_1\"> </span>Deudas con <span class=\"_ _1\"></span>partes vinculadas<span class=\"_ _1\"></span> a corto plazo 662<span class=\"ls0_1\"> </span>1.044 (830) 876<span class=\"ls0_1\"> </span>53<span class=\"ls0_1\"> </span>477<span class=\"ls0_1\"> </span>(286) 244<span class=\"ls0_1\"> </span>Acreedor<span class=\"_ _1\"></span>es comerciales <span class=\"_ _1\"></span>y otras cuentas a pagar 158.148 65.740 (6.034) 217.854 153.621 72.356 (1.963) 224.014 Impuesto sobr<span class=\"_ _1\"></span>e benefici<span class=\"_ _1\"></span>os, acreedor 20<span class=\"ls0_1\"> </span>6 - 26<span class=\"ls0_1\"> </span>30<span class=\"ls0_1\"> </span>14<span class=\"ls0_1\"> </span>- 44<span class=\"ls0_1\"> </span>Administrac<span class=\"_ _1\"></span>iones P\u00fabli<span class=\"_ _1\"></span>cas acreedoras 6.038 8.527 - 14.565 7.161 2.004 - 9.165 Otros pa<span class=\"_ _1\"></span>sivos corrientes 2.226 5.940 - 8.166 2.073 5.329 - 7.402 Provisione<span class=\"_ _1\"></span>s a corto plazo 30.533 2.952 - 33.485 38.765 3.418 - 42.183 353.684<span class=\"ls0_1\"> </span>98.334<span class=\"ls0_1\"> </span>(6.864)<span class=\"ls0_1\"> </span>445.154<span class=\"ls0_1\"> </span>352.547<span class=\"ls0_1\"> </span>118.301<span class=\"ls0_1\"> </span>(2.249)<span class=\"ls0_1\"> </span>468.599<span class=\"ls0_1\"> </span>TOTAL PATRIMONIO<span class=\"_ _1\"></span> NETO Y PASI<span class=\"_ _1\"></span>VO 1.268.956 615.121<span class=\"ls0_1\"> </span>(201.630) 1.682.447 1.322.017 533.506<span class=\"ls0_1\"> </span>(155.049) 1.700.474<span class=\"_ _33\"> </span>ENCE ENERG\u00cdA Y CE<span class=\"_ _6\"></span>LULOSA, S.A. Y SOCIEDA<span class=\"_ _6\"></span>DES DEPENDIENTE<span class=\"_ _6\"></span>S ESTADO DE RESULTADO CON<span class=\"_ _6\"></span>SOLIDAD<span class=\"_ _6\"></span>O POR NE<span class=\"_ _6\"></span>GOCIOS D<span class=\"_ _6\"></span>E LOS EJERCICIOS 2024 Y <span class=\"_ _6\"></span>2023 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Miles de<span class=\"_ _1\"></span> Euros Negocio Celulosa Negocio Renovables  Ajustes y Eliminaciones TOTAL CONSOLIDADO<span class=\"_ _1\"></span> Negocio Celulosa Negocio Renovables Ajustes y Eliminaciones TOTAL CONSOLIDADO<span class=\"_ _1\"></span> Operaciones continua<span class=\"_ _e\"></span>das: Ingresos ordi<span class=\"_ _1\"></span>narios 681.891 192.232 (3.685) 870.438 623.191 209.142 (2.730) 829.603 Resultad<span class=\"_ _1\"></span>o por operacione<span class=\"_ _1\"></span>s de cobertura (569) (2.838) - (3.407) (378) - - (378) Variaci\u00f3n <span class=\"_ _1\"></span>de existencias de<span class=\"_ _1\"></span> productos ter<span class=\"_ _1\"></span>minados y en c<span class=\"_ _1\"></span>urso de fabricaci\u00f3n  18.359 (1.281) - 17.078 (10.229) (10.427) - (20.656) Trabajos efe<span class=\"_ _1\"></span>ctuados por e<span class=\"_ _1\"></span>l Grupo para su inmovil<span class=\"_ _1\"></span>izado 11.822 2.957 - 14.779 9.738 2.015 - 11.753 Otros i<span class=\"_ _1\"></span>ngresos de explotac<span class=\"_ _1\"></span>i\u00f3n 8.944 1.163 (1.278) 8.829 14.290 1.598 (1.218) 14.670 Subvencione<span class=\"_ _1\"></span>s de capital<span class=\"_ _1\"></span> transferidas a resul<span class=\"_ _1\"></span>tados 6.814 1.174 - 7.988 7.792 1.586 - 9.378 Subtotal Ingre<span class=\"_ _1\"></span>sos de Explot<span class=\"_ _1\"></span>aci\u00f3n 727.261 193.407 (4.963) 915.705 644.404 203.914 (3.948) 844.370 Aprovisio<span class=\"_ _1\"></span>namientos (360.530) (68.358) 3.685 (425.203) (351.495) (68.123) 2.730 (416.888) Gastos de<span class=\"_ _1\"></span> personal (89.619) (23.479) - (113.098) (83.281) (20.691) - (103.972) Dotaci\u00f3<span class=\"_ _1\"></span>n a la amortizaci\u00f3n <span class=\"_ _1\"></span>del inmovilizado (57.920) (34.498) 1.620 (90.798) (55.593) (39.115) 1.620 (93.088) Agotamiento de<span class=\"_ _1\"></span> la reser<span class=\"_ _1\"></span>va forestal (9.725) - - (9.725) (8.797) - - (8.797) Deteri<span class=\"_ _1\"></span>oros de valor y resul<span class=\"_ _1\"></span>tados por enajenaci<span class=\"_ _1\"></span>\u00f3n del inmovil<span class=\"_ _1\"></span>izado (1.714) 1.707 - (7) (967) 8.790 - 7.823 Deteri<span class=\"_ _1\"></span>oro de valor sobre ac<span class=\"_ _1\"></span>tivos financieros (934) (29) - (963) (1.051) (126) - (1.177) Otros gast<span class=\"_ _1\"></span>os de explotaci\u00f3<span class=\"_ _1\"></span>n (134.184) (79.689) 1.283 (212.590) (158.733) (72.738) 1.220 (230.251) Subtotal G<span class=\"_ _1\"></span>astos de Explot<span class=\"_ _1\"></span>aci\u00f3n (654.626) (204.346) 6.588 (852.384) (659.917) (192.003) 5.570 (846.350) BENEFICIO/ (P<span class=\"_ _1\"></span>\u00c9RDIDA) DE EXPLO<span class=\"_ _1\"></span>TACI\u00d3N 72.635<span class=\"ls0_1\"> </span>(10.939) 1.625<span class=\"ls0_1\"> </span>63.321<span class=\"ls0_1\"> </span>(15.513) 11.911<span class=\"ls0_1\"> </span>1.622<span class=\"ls0_1\"> </span>(1.980)<span class=\"ls0_1\"> </span>Ingresos fina<span class=\"_ _1\"></span>ncieros 9.949 2.498 (1.597) 10.850 6.414 964<span class=\"ls0_1\"> </span>(787) 6.591 Gastos fi<span class=\"_ _1\"></span>nancieros (28.541) (16.325) 1.597 (43.269) (23.781) (13.790) 787<span class=\"ls0_1\"> </span>(36.784) Variaci\u00f3n <span class=\"_ _1\"></span>en el valor razonabl<span class=\"_ _1\"></span>e de instrumentos <span class=\"_ _1\"></span>financiero<span class=\"_ _1\"></span>s 87<span class=\"ls0_1\"> </span>268<span class=\"ls0_1\"> </span>- 355<span class=\"ls0_1\"> </span>- - - - Diferencias<span class=\"_ _1\"></span> de cambio 1.244 (1) - 1.243 (947) 15<span class=\"ls0_1\"> </span>- (932) Deteri<span class=\"_ _1\"></span>oro y resultado<span class=\"_ _1\"></span> por enajenaciones de i<span class=\"_ _1\"></span>nstrumentos fi<span class=\"_ _1\"></span>nancieros (163) - - (163) (51) - - (51) RESULTADO FINA<span class=\"_ _1\"></span>NCIERO POSIT<span class=\"_ _1\"></span>IVO/ (NEGATIVO) (17.424) (13.560) - (30.984) (18.365) (12.811) - (31.176) Resultad<span class=\"_ _1\"></span>o de sociedades i<span class=\"_ _1\"></span>ntegradas por el<span class=\"_ _1\"></span> m\u00e9todo de la pa<span class=\"_ _1\"></span>rticipaci\u00f3n 13<span class=\"ls0_1\"> </span>- - 13<span class=\"ls0_1\"> </span>(13) - - (13) BENEFICIO/ (P<span class=\"_ _1\"></span>\u00c9RDIDA) ANTES DE I<span class=\"_ _1\"></span>MPUESTOS 55.224<span class=\"ls0_1\"> </span>(24.499) 1.625<span class=\"ls0_1\"> </span>32.350<span class=\"ls0_1\"> </span>(33.891) (900)<span class=\"ls0_1\"> </span>1.622<span class=\"ls0_1\"> </span>(33.169) Impuesto sobr<span class=\"_ _1\"></span>e beneficio<span class=\"_ _1\"></span>s (11.393) (693) (144) (12.230) 6.582 5.661 (144) 12.099 BENEFICIO/ (P<span class=\"_ _1\"></span>\u00c9RDIDA) DEL EJE<span class=\"_ _1\"></span>RCICIO PROCEDENTE DE O<span class=\"_ _e\"></span>PERACIONES CONTINUADAS 43.831<span class=\"ls0_1\"> </span>(25.192) 1.481<span class=\"ls0_1\"> </span>20.120<span class=\"ls0_1\"> </span>(27.309) 4.761<span class=\"ls0_1\"> </span>1.478<span class=\"ls0_1\"> </span>(21.070) Resultad<span class=\"_ _1\"></span>o atribuido a inter<span class=\"_ _1\"></span>eses minoritar<span class=\"_ _1\"></span>ios procede<span class=\"_ _1\"></span>nte de Operaciones c<span class=\"_ _1\"></span>ontinuadas - (11.431) - (11.431) - 3.650 - 3.650  BENEFICIO/(P<span class=\"_ _1\"></span>\u00c9RDIDA) DEL EJE<span class=\"_ _1\"></span>RCICIO ATRIBUIBLE <span class=\"_ _1\"></span>A LA SOCIED<span class=\"_ _1\"></span>AD DOMINANTE (*) 43.831<span class=\"ls0_1\"> </span>(13.761) 1.481<span class=\"ls0_1\"> </span>31.551<span class=\"ls0_1\"> </span>(27.309) 1.111<span class=\"ls0_1\"> </span>1.478<span class=\"ls0_1\"> </span>(24.720) (*) \u00cdntegramente procedente de operaciones conti<span class=\"_ _1\"></span>nuadas<span class=\"_ _33\"> </span>ENCE ENERG\u00cdA Y CE<span class=\"_ _6\"></span>LULOSA, S.A. Y <span class=\"_ _6\"></span>SOCIEDADES DEPENDIE<span class=\"_ _6\"></span>NTES ESTADO DE FLUJOS DE E<span class=\"_ _6\"></span>FECTIVO CONS<span class=\"_ _6\"></span>OLIDADO POR N<span class=\"_ _6\"></span>EGOCIOS CORRE<span class=\"_ _6\"></span>SPONDIENTES<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>A LOS EJERCICIOS 2024 Y 2023<span class=\"ls0_1\"> </span>2024<span class=\"ls0_1\"> </span>Miles de<span class=\"_ _1\"></span> Euros Negocio Celulosa Negocio Renovables<span class=\"_ _1\"></span> Ajustes y Eliminaciones TOTAL CONSOLIDADO<span class=\"_ _1\"></span> FLUJOS DE EFECT<span class=\"_ _1\"></span>IVO DE LAS ACTIVID<span class=\"_ _e\"></span>A<span class=\"_ _6\"></span>DES DE EXPLOTA<span class=\"_ _1\"></span>CI\u00d3N: Benefi<span class=\"_ _1\"></span>cio consolidado a<span class=\"_ _1\"></span>ntes de impuestos de<span class=\"_ _1\"></span> actividades or<span class=\"_ _1\"></span>dinarias 55.224 (24.499) 1.625 32.350 Ajustes del<span class=\"_ _1\"></span> resultado del e<span class=\"_ _1\"></span>jercicio-    <span class=\"ls0_1\">Amortizaci\u00f3n de<span class=\"_ _1\"></span> activos mate<span class=\"_ _1\"></span>riales, intangibl<span class=\"_ _1\"></span>es y reserva fo<span class=\"_ _1\"></span>restal </span>67.648 34.498 (1.623) 100.523    <span class=\"ls0_1\">Variaci\u00f3n <span class=\"_ _1\"></span>provisiones y otr<span class=\"_ _1\"></span>os gastos a distr<span class=\"_ _1\"></span>ibuir (neto)  </span>8.610 4.908 - 13.518    <span class=\"ls0_1\">Deterioro<span class=\"_ _1\"></span>s de valor y resu<span class=\"_ _1\"></span>ltados del inmovil<span class=\"_ _1\"></span>izado material<span class=\"_ _1\"></span>, inmaterial<span class=\"_ _1\"></span> y financiero </span>1.885 (1.707) - 178<span class=\"ls0_1\"> </span>   <span class=\"ls0_1\">Valor de a<span class=\"_ _1\"></span>juste por desviaci<span class=\"_ _1\"></span>ones y regulaci\u00f3n <span class=\"_ _1\"></span>el\u00e9ctrica </span>(815) (865) - (1.680)    <span class=\"ls0_1\">Gastos e ingre<span class=\"_ _1\"></span>sos financier<span class=\"_ _1\"></span>os (neto) </span>17.811 13.562 - 31.373    <span class=\"ls0_1\">Subvencione<span class=\"_ _1\"></span>s transferidas <span class=\"_ _1\"></span>a resultados  </span>(932) (141) - (1.073) 94.207<span class=\"ls0_1\"> </span>50.255<span class=\"ls0_1\"> </span>(1.623)<span class=\"ls0_1\"> </span>142.839<span class=\"ls0_1\"> </span>Cambios en el capi<span class=\"_ _1\"></span>tal circulant<span class=\"_ _1\"></span>e- Existencias (29.511) 120<span class=\"ls0_1\"> </span>- (29.391) Deudores <span class=\"_ _1\"></span>comerciales y<span class=\"_ _1\"></span> otras cuentas a cobrar (8.323) (28.534) 4.067 (32.790) Inversione<span class=\"_ _1\"></span>s financieras y otr<span class=\"_ _1\"></span>os activos cor<span class=\"_ _1\"></span>rientes - - - - Acreedor<span class=\"_ _1\"></span>es comerciales, o<span class=\"_ _1\"></span>tras cuentas a pagar, y<span class=\"_ _1\"></span> otras deud<span class=\"_ _1\"></span>as 1.102 (900) (4.067) (3.865) (36.732) (29.314) - (66.046) Otros flujos de efecti<span class=\"_ _1\"></span>vo de las activi<span class=\"_ _1\"></span>dades de expl<span class=\"_ _1\"></span>otaci\u00f3n-  Pagos de inte<span class=\"_ _1\"></span>reses netos (19.257) (14.192) - (33.449) Cobros de d<span class=\"_ _1\"></span>ividendos 17<span class=\"ls0_1\"> </span>- - 17<span class=\"ls0_1\"> </span>Cobros / (Pagos) p<span class=\"_ _1\"></span>or impuesto<span class=\"_ _1\"></span> sobre benef<span class=\"_ _1\"></span>icios (6.487) 9.611 - 3.124 Plan de ret<span class=\"_ _1\"></span>ribuci\u00f3n a l<span class=\"_ _1\"></span>argo plazo y otros (236) - - (236) (25.963) (4.581)<span class=\"ls0_1\"> </span>- (30.544) Flujos netos de efecti<span class=\"_ _1\"></span>vo de actividad<span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> de explotaci\u00f3n 86.736<span class=\"ls0_1\"> </span>(8.139)<span class=\"ls0_1\"> </span>2 78.599<span class=\"ls0_1\"> </span>FLUJOS DE EFECT<span class=\"_ _1\"></span>IVO DE LAS A<span class=\"_ _1\"></span>CTIVIDADES DE IN<span class=\"_ _1\"></span>VERSI\u00d3N: Pagos por inver<span class=\"_ _1\"></span>siones: Empresas del G<span class=\"_ _1\"></span>rupo y Asoci<span class=\"_ _1\"></span>adas (43.385) (606) 43.991 - Propiedad, pl<span class=\"_ _1\"></span>anta y equ<span class=\"_ _1\"></span>ipo y activos biol\u00f3<span class=\"_ _1\"></span>gicos (52.014) (18.873) - (70.887) Activos i<span class=\"_ _1\"></span>ntangibles (4.556) (1.415) - (5.971) Combinaci\u00f3n de<span class=\"_ _1\"></span> negocios - (17.<span class=\"ls2\">442</span>) - (17.<span class=\"ls2\">442</span>) Activos f<span class=\"_ _1\"></span>inancieros (11.920) (<span class=\"ls2\">830</span>) - (12.750) (111.875) (<span class=\"ls2\">39.166</span>) 43.991<span class=\"ls0_1\"> </span>(1<span class=\"ls2\">07.</span>050) Cobros por desi<span class=\"_ _1\"></span>nversiones: Activos f<span class=\"_ _1\"></span>inancieros 1.186 1.019 - 2.205 1.186<span class=\"ls0_1\"> </span>1.019<span class=\"ls0_1\"> </span>- 2.205<span class=\"ls0_1\"> </span>Flujos netos de efecti<span class=\"_ _1\"></span>vo de actividad<span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> de inversi\u00f3n (1<span class=\"ls0_1\">10.689) </span>(<span class=\"ls2\">38.147</span>) 43.991<span class=\"ls0_1\"> </span>(104.845) FLUJOS DE EFECT<span class=\"_ _1\"></span>IVO DE LAS A<span class=\"_ _1\"></span>CTIVIDADES DE FI<span class=\"_ _1\"></span>NANCIACI\u00d3N: Cobros (pagos) por i<span class=\"_ _1\"></span>nstrumento<span class=\"_ _1\"></span>s de patrimonio<span class=\"_ _1\"></span>:    <span class=\"ls0_1\">Transaccione<span class=\"_ _1\"></span>s con participa<span class=\"_ _1\"></span>ciones no dominante<span class=\"_ _1\"></span>s </span>(245) - - (245)    <span class=\"ls0_1\">Adquisici<span class=\"_ _1\"></span>\u00f3n de instrumentos <span class=\"_ _1\"></span>de patrimonio p<span class=\"_ _1\"></span>ropio </span>(27.736) - - (27.736)    <span class=\"ls0_1\">Enajenaci\u00f3n de<span class=\"_ _1\"></span> instrumento<span class=\"_ _1\"></span>s de patrimonio pro<span class=\"_ _1\"></span>pio </span>28.676 - - 28.676 695<span class=\"ls0_1\"> </span>- - 695<span class=\"ls0_1\"> </span>Cobros (pagos) por i<span class=\"_ _1\"></span>nstrumento<span class=\"_ _1\"></span>s de pasivo financi<span class=\"_ _1\"></span>ero:   <span class=\"ls0_1\">Partes vinc<span class=\"_ _1\"></span>uladas </span>609<span class=\"ls0_1\"> </span>67.531 (43.993) 24.147   <span class=\"ls0_1\">Obligacione<span class=\"_ _1\"></span>s (neto de gast<span class=\"_ _1\"></span>os de formalizaci\u00f3n) </span>21.600 (79.000) - (57.400)   <span class=\"ls0_1\">Aumento (dismi<span class=\"_ _1\"></span>nuci\u00f3n) de<span class=\"_ _1\"></span>udas con entidades <span class=\"_ _1\"></span>de cr\u00e9dito, neto<span class=\"_ _1\"></span> de gastos de formali<span class=\"_ _1\"></span>zaci\u00f3n </span>(82.316) 117.952 - 35.636   <span class=\"ls0_1\">Aumento (dismi<span class=\"_ _1\"></span>nuci\u00f3n) de<span class=\"_ _1\"></span> otras deudas  </span>(2.176) - - (2.176)   <span class=\"ls0_1\">Pagos por Dere<span class=\"_ _1\"></span>chos de uso<span class=\"_ _1\"></span> sobre activos </span>(7.171) (1.879) - (9.050)   <span class=\"ls0_1\">Subvencione<span class=\"_ _1\"></span>s recibidas net<span class=\"_ _1\"></span>as </span>39<span class=\"ls0_1\"> </span>4.362 - 4.401 (<span class=\"ls2\">69.415</span>) 108.966<span class=\"ls0_1\"> </span>(43.993) (<span class=\"ls2\">4.442</span>) Pagos por divid<span class=\"_ _1\"></span>endos y remuneraci<span class=\"_ _1\"></span>ones de otros i<span class=\"_ _1\"></span>nstrument<span class=\"_ _1\"></span>os de patrimoni<span class=\"_ _1\"></span>o:<span class=\"ff4\"> </span>Dividend<span class=\"_ _1\"></span>os pagados por acci<span class=\"_ _1\"></span>onistas ENCE (33.972)<span class=\"ff3\"> </span>-<span class=\"ff3\"> </span>-<span class=\"ff3\"> </span>(33.972)<span class=\"ff3\"> </span>Dividend<span class=\"_ _1\"></span>os pagados a minor<span class=\"_ _1\"></span>itarios -<span class=\"ff3\"> </span>(5.125)<span class=\"ff3\"> </span>-<span class=\"ff3\"> </span>(5.125)<span class=\"ff3\"> </span>(33.972) (5.125)<span class=\"ls0_1\"> </span>- (39.097) Flujos netos de efecti<span class=\"_ _1\"></span>vo de actividad<span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> de financiaci<span class=\"_ _1\"></span>\u00f3n (102.692) 103.841<span class=\"ls0_1\"> </span>(43.993) (<span class=\"ls2\">42.844</span>) AUMENTO/DISMIN<span class=\"_ _1\"></span>UCI\u00d3N NETA DEL <span class=\"_ _e\"></span>EF<span class=\"_ _6\"></span>ECTIVO O EQ<span class=\"_ _1\"></span>UIVALENTES (126.645) 57.555<span class=\"ls0_1\"> </span>- (69.<span class=\"ls2\">090<span class=\"ls0_1\">) </span></span>Efectivo<span class=\"_ _1\"></span> y equivalentes al c<span class=\"_ _1\"></span>omienzo del pe<span class=\"_ _1\"></span>riodo 311.227 21.805 - 333.032 Efectivo<span class=\"_ _1\"></span> y equivalentes al f<span class=\"_ _1\"></span>inal del periodo 184.582 79.360 - 263.942<span class=\"_ _33\"> </span>ENCE ENERG\u00cdA Y <span class=\"_ _6\"></span>CELULOSA, S.A. Y SOCIE<span class=\"_ _6\"></span>DADES DEPENDIE<span class=\"_ _6\"></span>NTES<span class=\"_ _33\"> </span>ESTADO DE FLUJOS DE E<span class=\"_ _6\"></span>FECTIVO CONS<span class=\"_ _6\"></span>OLIDADO POR N<span class=\"_ _6\"></span>EGOCIOS CORRE<span class=\"_ _6\"></span>SPONDIENTES <span class=\"_ _6\"></span>A LOS EJERCICIOS 2024 Y<span class=\"_ _33\"> </span>2023<span class=\"_ _33\"> </span>2023<span class=\"_ _33\"> </span>Miles de<span class=\"_ _1\"></span> Euros<span class=\"_ _33\"> </span>Negocio<span class=\"_ _33\"> </span>Celulosa<span class=\"_ _33\"> </span>Negocio<span class=\"_ _33\"> </span>Renovables Ajustes y<span class=\"_ _33\"> </span>Eliminaciones<span class=\"_ _33\"> </span>TOTAL<span class=\"_ _33\"> </span>CONSOLIDADO<span class=\"_ _33\"> </span>FLUJOS DE EFECT<span class=\"_ _1\"></span>IVO DE LAS A<span class=\"_ _1\"></span>CTIVIDADES DE E<span class=\"_ _1\"></span>XPLOTACI\u00d3N:<span class=\"_ _33\"> </span>Benefi<span class=\"_ _1\"></span>cio consolidado a<span class=\"_ _1\"></span>ntes de impuestos de<span class=\"_ _1\"></span> actividades or<span class=\"_ _1\"></span>dinarias<span class=\"_ _33\"> </span>(33.891)<span class=\"_ _33\"> </span>(900)<span class=\"_ _33\"> </span>1.622<span class=\"_ _33\"> </span>(33.169)<span class=\"_ _33\"> </span>Ajustes del<span class=\"_ _1\"></span> resultado del e<span class=\"_ _1\"></span>jercicio-   <span class=\"ls0_1\">Amortizaci\u00f3n de<span class=\"_ _1\"></span> activos mate<span class=\"_ _1\"></span>riales, intangibl<span class=\"_ _1\"></span>es y reserva fo<span class=\"_ _1\"></span>restal<span class=\"_ _33\"> </span></span>64.390<span class=\"_ _33\"> </span>39.115<span class=\"_ _33\"> </span>(1.620)<span class=\"_ _33\"> </span>101.885   <span class=\"ls0_1\">Variaci\u00f3n <span class=\"_ _1\"></span>provisiones y otr<span class=\"_ _1\"></span>os gastos a distr<span class=\"_ _1\"></span>ibuir (neto) </span>5.579<span class=\"_ _33\"> </span>2.637<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>8.216   <span class=\"ls0_1\">Deterioro<span class=\"_ _1\"></span>s de valor y resu<span class=\"_ _1\"></span>ltados del inmovil<span class=\"_ _1\"></span>izado material<span class=\"_ _1\"></span>, inmaterial<span class=\"_ _1\"></span> y financiero<span class=\"_ _33\"> </span></span>1.171<span class=\"_ _33\"> </span>(8.789)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(7.618)   <span class=\"ls0_1\">Valor de a<span class=\"_ _1\"></span>juste por desviaci<span class=\"_ _1\"></span>ones y regulaci\u00f3n <span class=\"_ _1\"></span>el\u00e9ctrica<span class=\"_ _33\"> </span></span>(7.978)<span class=\"_ _33\"> </span>(25.984)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(33.962)   <span class=\"ls0_1\">Gastos e ingre<span class=\"_ _1\"></span>sos financier<span class=\"_ _1\"></span>os (neto)<span class=\"_ _33\"> </span></span>17.672<span class=\"_ _33\"> </span>12.811<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>30.483   <span class=\"ls0_1\">Subvencione<span class=\"_ _1\"></span>s transferidas <span class=\"_ _1\"></span>a resultados </span>(884)<span class=\"_ _33\"> </span>(141)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(1.025)<span class=\"_ _33\"> </span>79.950<span class=\"_ _33\"> </span>19.649<span class=\"_ _33\"> </span>(1.620)<span class=\"_ _33\"> </span>97.979<span class=\"_ _33\"> </span>Cambios en el capi<span class=\"_ _1\"></span>tal circulant<span class=\"_ _1\"></span>e-<span class=\"_ _33\"> </span>Existencias<span class=\"_ _33\"> </span>25.708<span class=\"_ _33\"> </span>(369)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>25.339<span class=\"_ _33\"> </span>Deudores <span class=\"_ _1\"></span>comerciales y<span class=\"_ _1\"></span> otras cuentas a cobrar<span class=\"_ _33\"> </span>13.855<span class=\"_ _33\"> </span>33.883<span class=\"_ _33\"> </span>(27.326)<span class=\"_ _33\"> </span>20.412<span class=\"_ _33\"> </span>Inversione<span class=\"_ _1\"></span>s financieras y otr<span class=\"_ _1\"></span>os activos cor<span class=\"_ _1\"></span>rientes<span class=\"_ _33\"> </span>1.760<span class=\"_ _33\"> </span>2<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>1.762<span class=\"_ _33\"> </span>Acreedor<span class=\"_ _1\"></span>es comerciales, o<span class=\"_ _1\"></span>tras cuentas a pagar, y<span class=\"_ _1\"></span> otras deud<span class=\"_ _1\"></span>as<span class=\"_ _33\"> </span>(66.059)<span class=\"_ _33\"> </span>(86.883)<span class=\"_ _33\"> </span>27.324<span class=\"_ _33\"> </span>(125.618)<span class=\"_ _33\"> </span>(24.736)<span class=\"_ _33\"> </span>(53.367)<span class=\"_ _33\"> </span>(2)<span class=\"_ _33\"> </span>(78.105)<span class=\"_ _33\"> </span>Otros flujos de efecti<span class=\"_ _1\"></span>vo de las activi<span class=\"_ _1\"></span>dades de expl<span class=\"_ _1\"></span>otaci\u00f3n- Pagos de inte<span class=\"_ _1\"></span>reses netos<span class=\"_ _33\"> </span>(13.032)<span class=\"_ _33\"> </span>(13.158)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(26.190)<span class=\"_ _33\"> </span>Cobros / (Pagos) p<span class=\"_ _1\"></span>or impuesto<span class=\"_ _1\"></span> sobre benef<span class=\"_ _1\"></span>icios<span class=\"_ _33\"> </span>2.566<span class=\"_ _33\"> </span>(9.207)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(6.641)<span class=\"_ _33\"> </span>(10.466)<span class=\"_ _33\"> </span>(22.365)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(32.831)<span class=\"_ _33\"> </span>Flujos netos de efecti<span class=\"_ _1\"></span>vo de actividad<span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> de explotaci\u00f3n<span class=\"_ _33\"> </span>10.857<span class=\"_ _33\"> </span>(56.983)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(46.126)<span class=\"_ _33\"> </span>FLUJOS DE EFECT<span class=\"_ _1\"></span>IVO DE LAS A<span class=\"_ _1\"></span>CTIVIDADES DE IN<span class=\"_ _1\"></span>VERSI\u00d3N:<span class=\"_ _33\"> </span>Pagos por inver<span class=\"_ _1\"></span>siones:<span class=\"_ _33\"> </span>Empresas del G<span class=\"_ _1\"></span>rupo y Asoci<span class=\"_ _1\"></span>adas<span class=\"_ _33\"> </span>(3.539)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>3.539<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>Propiedad, pl<span class=\"_ _1\"></span>anta y equipo y<span class=\"_ _1\"></span> activos biol\u00f3gic<span class=\"_ _1\"></span>os<span class=\"_ _33\"> </span>(76.157)<span class=\"_ _33\"> </span>(13.645)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(89.802)<span class=\"_ _33\"> </span>Activos i<span class=\"_ _1\"></span>ntangibles<span class=\"_ _33\"> </span>(5.357)<span class=\"_ _33\"> </span>(577)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(5.934)<span class=\"_ _33\"> </span>Activos f<span class=\"_ _1\"></span>inancieros<span class=\"_ _33\"> </span>(791)<span class=\"_ _33\"> </span>453<span class=\"_ _33\"> </span>47<span class=\"_ _33\"> </span>(291)<span class=\"_ _33\"> </span>(85.844)<span class=\"_ _33\"> </span>(13.769)<span class=\"_ _33\"> </span>3.586<span class=\"_ _33\"> </span>(96.027)<span class=\"_ _33\"> </span>Flujos netos de efecti<span class=\"_ _1\"></span>vo de actividad<span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> de inversi\u00f3n<span class=\"_ _33\"> </span>(85.844)<span class=\"_ _33\"> </span>(13.769)<span class=\"_ _33\"> </span>3.586<span class=\"_ _33\"> </span>(96.027)<span class=\"_ _33\"> </span>FLUJOS DE EFECT<span class=\"_ _1\"></span>IVO DE LAS A<span class=\"_ _1\"></span>CTIVIDADES DE FI<span class=\"_ _1\"></span>NANCIACI\u00d3N:<span class=\"_ _33\"> </span>Cobros (pagos) por i<span class=\"_ _1\"></span>nstrumento<span class=\"_ _1\"></span>s de patrimonio<span class=\"_ _1\"></span>:   <span class=\"ls0_1\">Transaccione<span class=\"_ _1\"></span>s con participa<span class=\"_ _1\"></span>ciones no dominante<span class=\"_ _1\"></span>s<span class=\"_ _33\"> </span></span>5.630<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>5.630   <span class=\"ls0_1\">Adquisici<span class=\"_ _1\"></span>\u00f3n de instrumentos <span class=\"_ _1\"></span>de patrimonio p<span class=\"_ _1\"></span>ropio<span class=\"_ _33\"> </span></span>(50.571)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(50.571)   <span class=\"ls0_1\">Enajenaci\u00f3n de<span class=\"_ _1\"></span> instrumento<span class=\"_ _1\"></span>s de patrimonio pro<span class=\"_ _1\"></span>pio<span class=\"_ _33\"> </span></span>50.769<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>50.769<span class=\"_ _33\"> </span>5.828<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>5.828<span class=\"_ _33\"> </span>Cobros (pagos) por i<span class=\"_ _1\"></span>nstrumento<span class=\"_ _1\"></span>s de pasivo financi<span class=\"_ _1\"></span>ero:  <span class=\"ls0_1\">Partes vinc<span class=\"_ _1\"></span>uladas<span class=\"_ _33\"> </span></span>44<span class=\"_ _33\"> </span>(9.433)<span class=\"_ _33\"> </span>(3.586)<span class=\"_ _33\"> </span>(12.975)  <span class=\"ls0_1\">Obligacione<span class=\"_ _1\"></span>s (neto de gast<span class=\"_ _1\"></span>os de formalizaci\u00f3n)<span class=\"_ _33\"> </span></span>(9.900)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(9.900)  <span class=\"ls0_1\">Aumento (dismi<span class=\"_ _1\"></span>nuci\u00f3n) de<span class=\"_ _1\"></span>udas con entidades <span class=\"_ _1\"></span>de cr\u00e9dito, neto<span class=\"_ _1\"></span> de gastos de formali<span class=\"_ _1\"></span>zaci\u00f3n</span>264.838<span class=\"_ _33\"> </span>(27.067)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>237.771  <span class=\"ls0_1\">Aumento (dismi<span class=\"_ _1\"></span>nuci\u00f3n) de<span class=\"_ _1\"></span> otras deudas </span>(7.047)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(7.047)  <span class=\"ls0_1\">Pagos por Dere<span class=\"_ _1\"></span>chos de uso<span class=\"_ _1\"></span> sobre activos<span class=\"_ _33\"> </span></span>(5.952)<span class=\"_ _33\"> </span>(1.429)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(7.381)  <span class=\"ls0_1\">Subvencione<span class=\"_ _1\"></span>s recibidas net<span class=\"_ _1\"></span>as<span class=\"_ _33\"> </span></span>636<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>636<span class=\"_ _33\"> </span>242.619<span class=\"_ _33\"> </span>(37.929)<span class=\"_ _33\"> </span>(3.586)<span class=\"_ _33\"> </span>201.104<span class=\"_ _33\"> </span>Pagos por divid<span class=\"_ _1\"></span>endos y remuneraci<span class=\"_ _1\"></span>ones de otros i<span class=\"_ _1\"></span>nstrument<span class=\"_ _1\"></span>os de patrimoni<span class=\"_ _1\"></span>o<span class=\"_ _33\"> </span>Dividend<span class=\"_ _1\"></span>os pagados accionist<span class=\"_ _e\"></span>as<span class=\"_ _6\"></span> ENCE<span class=\"_ _33\"> </span>(140.609)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(140.609)<span class=\"_ _33\"> </span>Dividend<span class=\"_ _1\"></span>os pagados a minor<span class=\"_ _1\"></span>itarios<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(4.051)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(4.051)<span class=\"_ _33\"> </span>(140.609)<span class=\"_ _33\"> </span>(4.051)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(144.660)<span class=\"_ _33\"> </span>Flujos netos de efecti<span class=\"_ _1\"></span>vo de actividad<span class=\"_ _e\"></span>es<span class=\"_ _6\"></span> de financiaci<span class=\"_ _1\"></span>\u00f3n<span class=\"_ _33\"> </span>107.838<span class=\"_ _33\"> </span>(41.980)<span class=\"_ _33\"> </span>(3.586)<span class=\"_ _33\"> </span>62.272<span class=\"_ _33\"> </span>AUMENTO/DISMIN<span class=\"_ _1\"></span>UCI\u00d3N NETA DEL <span class=\"_ _e\"></span>EF<span class=\"_ _6\"></span>ECTIVO O EQ<span class=\"_ _1\"></span>UIVALENTES<span class=\"_ _33\"> </span>32.851<span class=\"_ _33\"> </span>(112.732)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(79.881)<span class=\"_ _33\"> </span>Efectivo<span class=\"_ _1\"></span> y equivalentes al c<span class=\"_ _1\"></span>omienzo del pe<span class=\"_ _1\"></span>riodo<span class=\"_ _33\"> </span>278.376<span class=\"_ _33\"> </span>134.537<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>412.913<span class=\"_ _33\"> </span>Efectivo<span class=\"_ _1\"></span> y equivalentes al f<span class=\"_ _1\"></span>inal del periodo<span class=\"_ _33\"> </span>311.227<span class=\"_ _33\"> </span>21.805<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>333.032<span class=\"_ _33\"> </span>Anex<span class=\"_ _a\"></span>o<span class=\"_ _6\"></span> III - Marco regula<span class=\"_ _e\"></span>torio del sector energ<span class=\"_ _1\"></span>\u00e9tico<span class=\"_ _33\"> </span>Este <span class=\"_ _12\"> </span>apartado <span class=\"_ _12\"> </span>recoge <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>as<span class=\"_ _6\"></span>pectos <span class=\"_ _12\"> </span>m\u00e1s <span class=\"_ _12\"> </span>relevan<span class=\"_ _6\"></span>tes <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>regulaci\u00f3n <span class=\"_ _1a\"> </span>energ\u00e9tica  vigente <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>Euro<span class=\"_ _6\"></span>pa <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>Espa\u00f1<span class=\"_ _6\"></span>a aplicable a la activid<span class=\"_ _6\"></span>ad del Grupo E<span class=\"_ _6\"></span>NCE. Uni\u00f3n Europea La <span class=\"_ _1e\"> </span>pol\u00edtica <span class=\"_ _1e\"> </span>energ\u00e9tica <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>la <span class=\"_ _17\"> </span>Uni\u00f3n <span class=\"_ _1e\"> </span>Euro<span class=\"_ _6\"></span>pea <span class=\"_ _18\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>basa <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>cuatro <span class=\"_ _1e\"> </span>pilares<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>fundamentales: <span class=\"_ _17\"> </span><span class=\"ff3\">d<span class=\"_ _6\"></span>escarbonizaci\u00f3n,<span class=\"_ _6\"></span> </span>competitividad,  seguridad <span class=\"_ _12\"> </span>del  suministro <span class=\"_ _12\"> </span>y  sostenibilidad<span class=\"_ _6\"></span><span class=\"ff4\">.  Su <span class=\"_ _12\"> </span>objetivo  principal <span class=\"_ _12\"> </span>es  garantizar <span class=\"_ _1a\"> </span>un  m<span class=\"_ _1\"></span>ercado </span>energ\u00e9tico  eficiente <span class=\"_ _18\"> </span>y  s<span class=\"_ _6\"></span>eguro, <span class=\"_ _18\"> </span>promoviendo <span class=\"_ _18\"> </span>la  eficiencia, <span class=\"_ _18\"> </span>el  aho<span class=\"_ _6\"></span>rro  energ\u00e9tico <span class=\"_ _18\"> </span>y  el <span class=\"_ _18\"> </span>desarrollo  d<span class=\"_ _6\"></span>e  fuentes renovables, ad<span class=\"_ _6\"></span>em\u00e1s de fomentar la in<span class=\"_ _6\"></span>terconexi\u00f3n de redes <span class=\"_ _6\"></span>energ\u00e9ticas.<span class=\"_ _6\"></span> El <span class=\"_ _1e\"> </span>marco <span class=\"_ _1e\"> </span>normativo<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>UE <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>materia <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>energ\u00eda <span class=\"_ _17\"> </span>tiene <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>b<span class=\"_ _6\"></span>ase <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _1c\"> </span><span class=\"ff3\">art\u00edculo <span class=\"_ _1e\"> </span>194 <span class=\"_ _1e\"> </span>del <span class=\"_ _1e\"> </span>Tratad<span class=\"_ _6\"></span>o <span class=\"_ _1e\"> </span>de </span>Funcionamiento <span class=\"_ _12\"> </span>de<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>Uni\u00f3n <span class=\"_ _12\"> </span>Eu<span class=\"_ _6\"></span>ropea <span class=\"_ _12\"> </span>(TFUE)<span class=\"_ _6\"></span><span class=\"ff4\">, <span class=\"_ _12\"> </span>complemen<span class=\"_ _6\"></span>tado <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>disposiciones <span class=\"_ _12\"> </span>clav<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>so<span class=\"_ _6\"></span>bre <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>eguridad <span class=\"_ _12\"> </span>del </span>suministro (art. 122), <span class=\"_ _6\"></span>redes energ\u00e9ticas (arts. 170<span class=\"_ _6\"></span>-172) y<span class=\"_ _6\"></span> mercados en<span class=\"_ _6\"></span>erg\u00e9ticos internos y exterior<span class=\"_ _6\"></span>es.<span class=\"_ _6\"></span> Desde la creaci\u00f3n de la <span class=\"_ _6\"></span><span class=\"ff3\">Uni\u00f3n de<span class=\"_ _6\"></span> la Energ\u00eda en 2015<span class=\"_ _6\"></span></span>, se han estab<span class=\"_ _6\"></span>lecido cinco prioridad<span class=\"_ _6\"></span>es estrat\u00e9gicas:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Diversificaci\u00f3n <span class=\"_ _1c\"> </span>de <span class=\"_ _17\"> </span>fuentes <span class=\"_ _17\"> </span>y <span class=\"_ _1c\"> </span>seguridad <span class=\"_ _17\"> </span>del <span class=\"_ _1c\"> </span>suministro<span class=\"_ _6\"></span><span class=\"ff4\">, <span class=\"_ _1c\"> </span>mediante <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>coo<span class=\"_ _6\"></span>peraci\u00f3n <span class=\"_ _17\"> </span>entre <span class=\"_ _1c\"> </span>Estados </span></span></span>miembros. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Integraci\u00f3n del me<span class=\"_ _6\"></span>rcado energ\u00e9tico<span class=\"_ _6\"></span><span class=\"ff4\">, eliminan<span class=\"_ _6\"></span>do barreras t\u00e9cnicas<span class=\"_ _6\"></span> y regulatorias.<span class=\"_ _6\"></span> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Eficiencia  ener<span class=\"_ _6\"></span>g\u00e9tica<span class=\"ff4\">, <span class=\"_ _18\"> </span>reduciend<span class=\"_ _6\"></span>o  la <span class=\"_ _18\"> </span>dependencia <span class=\"_ _18\"> </span>de  i<span class=\"_ _6\"></span>mporta<span class=\"_ _6\"></span>ciones <span class=\"_ _18\"> </span>y  fomentando <span class=\"_ _18\"> </span>el <span class=\"_ _18\"> </span>crecimiento </span></span></span>econ\u00f3mico. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Descarbonizaci\u00f3n de<span class=\"_ _6\"></span> la econom\u00eda<span class=\"ff4\">,<span class=\"_ _6\"></span> en l\u00ednea con el Acuerdo <span class=\"_ _6\"></span>de Par\u00eds.<span class=\"_ _6\"></span> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Innovaci\u00f3n en en<span class=\"_ _6\"></span>erg\u00edas limpias<span class=\"_ _6\"></span><span class=\"ff4\">, impulsando<span class=\"_ _6\"></span> tecnolog\u00edas bajas en ca<span class=\"_ _6\"></span>rbono.<span class=\"_ _6\"></span> </span></span></span>El <span class=\"_ _e\"></span>marco <span class=\"_ _1\"></span>normativo <span class=\"_ _1\"></span>actual <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>sustenta e<span class=\"_ _1\"></span>n <span class=\"_ _e\"></span>la <span class=\"ff3\">Estrategi<span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>de l<span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>Uni\u00f3n <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Ener<span class=\"_ _6\"></span>g\u00eda<span class=\"ff4\"> <span class=\"_ _e\"></span>y e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>paquete <span class=\"_ _e\"></span>regulatorio <span class=\"ff3\">Objetivo </span></span></span>55<span class=\"ff4 ls0_1\">, posteriormente reforzado con el <span class=\"_ _1\"></span>plan <span class=\"ff3\">REPowerE<span class=\"_ _6\"></span>U</span> para a<span class=\"_ _1\"></span>celerar la independencia de <span class=\"_ _1\"></span>los combustibles f\u00f3siles </span>rusos. Entre los<span class=\"_ _6\"></span> objetivos principales p<span class=\"_ _6\"></span>ara 2030 destacan:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">42,5% de energ\u00edas ren<span class=\"_ _6\"></span>ovables en e<span class=\"_ _6\"></span>l consumo energ\u00e9tico<span class=\"_ _15\"></span><span class=\"ff4\">, con una meta as<span class=\"_ _6\"></span>piracional del 45%.<span class=\"_ _6\"></span> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Reducci\u00f3n d<span class=\"_ _6\"></span>el consumo de energ\u00eda en un 11,7%<span class=\"_ _15\"></span><span class=\"ff4\"> respecto a las<span class=\"_ _6\"></span> previsiones de 2020.<span class=\"_ _6\"></span> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Interconexi\u00f3n e<span class=\"_ _6\"></span>l\u00e9ctrica m\u00ednima del 15%<span class=\"_ _6\"></span><span class=\"ff4\"> entre los E<span class=\"_ _6\"></span>stados miembros.<span class=\"_ _6\"></span> </span></span></span>El <span class=\"_ _1\"></span>marco <span class=\"_ _1\"></span>regulador abarca <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>pectos clave <span class=\"_ _e\"></span>como energ\u00edas <span class=\"_ _e\"></span>ren<span class=\"_ _6\"></span>ovables (<span class=\"ff3\">Directiva 2018/2001</span>), ef<span class=\"_ _1\"></span>iciencia energ\u00e9tica (<span class=\"ff3\">Directiva <span class=\"_ _19\"> </span>202<span class=\"_ _6\"></span>3/1791</span>), <span class=\"_ _25\"> </span>gob<span class=\"_ _6\"></span>ernanza <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>mercado <span class=\"_ _25\"> </span>energ\u00e9tico <span class=\"_ _25\"> </span>(<span class=\"_ _6\"></span><span class=\"ff3\">Reglamento<span class=\"_ _6\"></span> <span class=\"_ _19\"> </span>2018/<span class=\"_ _6\"></span>1999<span class=\"_ _6\"></span></span>), <span class=\"_ _19\"> </span>infra<span class=\"_ _6\"></span>estructuras estrat\u00e9gicas (<span class=\"ff3\">Reglame<span class=\"_ _6\"></span>nto 2022/869</span>) y<span class=\"_ _6\"></span> medidas espec\u00edficas<span class=\"_ _6\"></span> para gas, h<span class=\"_ _6\"></span>idr\u00f3geno, electricidad y b<span class=\"_ _6\"></span>iocombustibles.<span class=\"_ _6\"></span> Un <span class=\"_ _11\"></span>mercado <span class=\"_ _0\"></span>energ\u00e9tico <span class=\"_ _11\"> </span>eficiente <span class=\"_ _11\"></span>es <span class=\"_ _0\"></span>esencial <span class=\"_ _11\"> </span>para <span class=\"_ _12\"> </span><span class=\"ff3\">garantizar <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>recios <span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>ompetitivos</span>, <span class=\"_ _11\"> </span>fomentar <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>en energ\u00edas limpias y reforzar la <span class=\"_ _1\"></span>seguridad del suministro. La evoluci\u00f3n de la re<span class=\"_ _1\"></span>gulaci\u00f3n ha permitido avanzar desde la <span class=\"_ _0\"></span>liberalizaci\u00f3n <span class=\"_ _0\"></span>inic<span class=\"_ _6\"></span>ial <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>sector <span class=\"_ _0\"></span>hacia<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>modelo <span class=\"_ _0\"></span>m\u00e1s<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>resiliente, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>\u00e9n<span class=\"_ _6\"></span>fasis <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>reducci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>riesgos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>a descarbonizaci\u00f3n<span class=\"_ _6\"></span>. Eficiencia Energ\u00e9tica y En<span class=\"_ _6\"></span>erg\u00edas Renovables<span class=\"_ _15\"></span> La <span class=\"_ _15\"></span>eficiencia <span class=\"_ _10\"></span>energ\u00e9tica <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>una <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>rioridades <span class=\"_ _10\"></span>clave <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>UE,<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>con <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>objetivo <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span><span class=\"ff3\">red<span class=\"_ _6\"></span>ucir <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>consumo <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>un </span>11,7% <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>2030<span class=\"ff4\">.  La <span class=\"_ _11\"> </span>no<span class=\"_ _6\"></span>rmativa <span class=\"_ _12\"> </span>vigente <span class=\"_ _1a\"> </span>prioriza <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>integraci\u00f3n  de <span class=\"_ _11\"> </span>solu<span class=\"_ _6\"></span>ciones <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>eficiencia <span class=\"_ _12\"> </span>energ<span class=\"_ _6\"></span>\u00e9tica <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>la </span>planificaci\u00f3n e inversi\u00f3n<span class=\"_ _6\"></span>. En <span class=\"_ _6\"></span>cuan<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>energ\u00edas <span class=\"_ _6\"></span>reno<span class=\"_ _6\"></span>vables, <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>nueva <span class=\"_ _15\"></span>Directiva <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>uropea <span class=\"_ _6\"></span>establece <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>menos <span class=\"_ _6\"></span>el <span class=\"_ _10\"></span><span class=\"ff3\">42,5% <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>sumo </span>energ\u00e9tico<span class=\"ff4\"> <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>2030 <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>ebe <span class=\"_ _18\"> </span>provenir <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>fuentes <span class=\"_ _18\"> </span>renov<span class=\"_ _6\"></span>ables. <span class=\"_ _18\"> </span>Para <span class=\"_ _1e\"> </span>facilitar <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>transici\u00f3n <span class=\"_ _1e\"> </span>energ\u00e9tica, <span class=\"_ _18\"> </span>se <span class=\"_ _1e\"> </span>han </span>implementado incentivos<span class=\"_ _6\"></span> nacionales y<span class=\"_ _6\"></span> mecanismos de financiaci\u00f3n<span class=\"_ _6\"></span> comunitaria.<span class=\"_ _15\"></span> Hacia un Modelo E<span class=\"_ _6\"></span>nerg\u00e9tico M\u00e1s Sostenible<span class=\"_ _6\"></span> La pol\u00edtica energ\u00e9tica d<span class=\"_ _6\"></span>e la UE av<span class=\"_ _6\"></span>anza hacia u<span class=\"_ _6\"></span>n modelo m\u00e1s s<span class=\"_ _6\"></span>eguro, sosten<span class=\"_ _6\"></span>ible y competitivo,<span class=\"_ _6\"></span> adapt\u00e1ndos<span class=\"_ _6\"></span>e a los desaf\u00edos <span class=\"_ _12\"> </span>geopol\u00edticos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>y <span class=\"_ _1a\"> </span>clim\u00e1ticos. <span class=\"_ _12\"> </span>El <span class=\"_ _12\"> </span>marco  regulatorio <span class=\"_ _11\"> </span>actual <span class=\"_ _1a\"> </span>refuerza <span class=\"_ _12\"> </span>la  <span class=\"ff3\">resiliencia <span class=\"_ _12\"> </span>ener<span class=\"_ _6\"></span>g\u00e9tica</span>, <span class=\"_ _12\"> </span>impu<span class=\"_ _6\"></span>lsa <span class=\"_ _12\"> </span>la inversi\u00f3n en <span class=\"_ _e\"></span>renovables y <span class=\"_ _e\"></span>promueve la <span class=\"_ _e\"></span>independenc<span class=\"_ _6\"></span>ia <span class=\"_ _1\"></span>energ\u00e9tica <span class=\"_ _1\"></span>del continente, <span class=\"_ _e\"></span>con el <span class=\"_ _e\"></span>ob<span class=\"_ _6\"></span>jetivo <span class=\"_ _1\"></span>final <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>alcanzar la <span class=\"ff3\">neutralidad c<span class=\"_ _6\"></span>lim\u00e1tica en 2050</span>.<span class=\"_ _6\"></span> Principales Publicaciones y C<span class=\"_ _6\"></span>omunicacion<span class=\"_ _6\"></span>es de la Uni\u00f3n Europ<span class=\"_ _6\"></span>ea en 2024<span class=\"_ _6\"></span> En el \u00e1mbito de la Un<span class=\"_ _6\"></span>i\u00f3n Europea las p<span class=\"_ _6\"></span>ublicaciones y co<span class=\"_ _6\"></span>municaciones m\u00e1s relevantes d<span class=\"_ _6\"></span>el a\u00f1o 2024 han<span class=\"_ _6\"></span> sido:<span class=\"_ _15\"></span> -<span class=\"ff2\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Comunicaci\u00f3n sob<span class=\"_ _6\"></span>re el objetivo clim\u00e1tico <span class=\"_ _6\"></span>para 2040<span class=\"_ _6\"></span> <span class=\"_ _20\"> </span> </span></span>-<span class=\"ff2\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Revisi\u00f3n de la Directiva <span class=\"_ _6\"></span>ETS </span></span>-<span class=\"ff2\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Revisi\u00f3n de la Res<span class=\"_ _6\"></span>erva de Estabilidad d<span class=\"_ _6\"></span>el Mercado (MSR)<span class=\"_ _15\"></span> <span class=\"_ _22\"> </span> </span></span>-<span class=\"ff2\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Refundici\u00f3n de la Dire<span class=\"_ _6\"></span>ctiva sobre eficiencia en<span class=\"_ _6\"></span>erg\u00e9tica (DEE)<span class=\"_ _6\"></span> <span class=\"_ _26\"> </span> </span></span>-<span class=\"ff2\"> <span class=\"_ _20\"> </span><span class=\"ff4\">El paqu<span class=\"_ _6\"></span>ete de medidas sobre h<span class=\"_ _6\"></span>idr\u00f3geno y gas d<span class=\"_ _6\"></span>escarbonizado<span class=\"_ _6\"></span> </span></span>-<span class=\"ff2\"> <span class=\"_ _20\"> </span><span class=\"ff4\">La reforma del Dise\u00f1o d<span class=\"_ _6\"></span>el Mercado E<span class=\"_ _6\"></span>l\u00e9ctrico (EMD)<span class=\"_ _6\"></span> </span></span>-<span class=\"ff2\"> <span class=\"_ _20\"> </span><span class=\"ff4\">La Ley de Ind<span class=\"_ _6\"></span>ustria Net Zero (NZIA)<span class=\"_ _6\"></span> <span class=\"_ _0\"></span> </span></span>-<span class=\"ff2\"> <span class=\"_ _20\"> </span><span class=\"ff4\">Revisi\u00f3n de la Directiva <span class=\"_ _6\"></span>sobre fiscalidad<span class=\"_ _6\"></span> de la energ\u00eda (ETD)<span class=\"_ _15\"></span> </span></span>Comunicaci\u00f3n sob<span class=\"_ _6\"></span>re el objetivo clim\u00e1tico para 2040:<span class=\"_ _15\"></span> El <span class=\"_ _0\"></span>6 <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>febrero <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2024, <span class=\"_ _11\"></span>se <span class=\"_ _10\"></span>pub<span class=\"_ _6\"></span>lic\u00f3 <span class=\"_ _0\"></span>una <span class=\"_ _11\"></span>evaluaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>impacto <span class=\"_ _0\"></span>exhau<span class=\"_ _6\"></span>stiva <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>analiza <span class=\"_ _0\"></span>las <span class=\"_ _11\"></span>posibles <span class=\"_ _0\"></span>v\u00edas <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara alcanzar el objetivo d<span class=\"_ _6\"></span>e lograr la neutralida<span class=\"_ _6\"></span>d clim\u00e1tica en la Uni\u00f3n E<span class=\"_ _6\"></span>uropea (UE) antes<span class=\"_ _6\"></span> del a\u00f1o 2050.<span class=\"_ _15\"></span> La Comisi\u00f3n Europea recomienda una reducci\u00f3n del 90 % de <span class=\"_ _1\"></span>las emisiones netas de gases de <span class=\"_ _1\"></span>efecto invernadero (GEI) para <span class=\"_ _e\"></span>2040. Este objetivo busca <span class=\"_ _1\"></span>garantizar que <span class=\"_ _e\"></span>la UE est\u00e9<span class=\"_ _1\"></span> en <span class=\"_ _e\"></span>cond<span class=\"_ _6\"></span>iciones de <span class=\"_ _e\"></span>alca<span class=\"_ _6\"></span>nzar la <span class=\"_ _1\"></span>neutralidad clim\u00e1tica en 2050, tal <span class=\"_ _1\"></span>como lo exige <span class=\"_ _1\"></span>la Ley Europea del Clima <span class=\"_ _1\"></span>de 2021. La re<span class=\"_ _1\"></span>comendaci\u00f3n se basa en <span class=\"_ _1\"></span>el informe <span class=\"_ _1\"></span>del Comit\u00e9 Cient\u00edfico <span class=\"_ _6\"></span>Asesor <span class=\"_ _6\"></span>Euro<span class=\"_ _6\"></span>peo <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Cambio <span class=\"_ _6\"></span>Clim\u00e1tico, <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>e\u00f1ala <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>ecesidad <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>reducir <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>emisiones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>UE<span class=\"_ _6\"></span> entre un 90 % y un<span class=\"_ _6\"></span> 95 % en comparaci\u00f3n<span class=\"_ _6\"></span> con los n<span class=\"_ _6\"></span>iveles de 1990.<span class=\"_ _6\"></span> El informe <span class=\"_ _6\"></span>destaca <span class=\"_ _6\"></span>que e<span class=\"_ _6\"></span>l sect<span class=\"_ _6\"></span>or energ\u00e9tico <span class=\"_ _6\"></span>estar\u00e1 <span class=\"_ _6\"></span>complet<span class=\"_ _6\"></span>amente descarb<span class=\"_ _6\"></span>onizado <span class=\"_ _6\"></span>poco <span class=\"_ _6\"></span>despu\u00e9s <span class=\"_ _6\"></span>de 2040. <span class=\"_ _6\"></span>Este logro ser\u00e1 <span class=\"_ _6\"></span>posible <span class=\"_ _6\"></span>gracias <span class=\"_ _6\"></span>al u<span class=\"_ _6\"></span>so <span class=\"_ _6\"></span>de tecnolog\u00edas<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>e cero <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>bajas<span class=\"_ _6\"></span> emisiones <span class=\"_ _6\"></span>de carb<span class=\"_ _6\"></span>ono, <span class=\"_ _6\"></span>incluy<span class=\"_ _6\"></span>endo s<span class=\"_ _6\"></span>oluciones <span class=\"_ _6\"></span>de captura de carb<span class=\"_ _6\"></span>ono. Tras las elecciones eu<span class=\"_ _6\"></span>ropeas, la p<span class=\"_ _6\"></span>r\u00f3xima Comisi\u00f3n Euro<span class=\"_ _6\"></span>pea presentar\u00e1 un<span class=\"_ _6\"></span>a propuesta<span class=\"_ _6\"></span> legislativa para <span class=\"_ _6\"></span>formalizar este <span class=\"_ _e\"></span>o<span class=\"_ _6\"></span>bjetivo, en <span class=\"_ _e\"></span>colaboraci\u00f3n con <span class=\"_ _e\"></span>el Parlamento <span class=\"_ _e\"></span>Europ<span class=\"_ _6\"></span>eo <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>Estad<span class=\"_ _6\"></span>os <span class=\"_ _e\"></span>miembros,<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>como <span class=\"_ _e\"></span>e<span class=\"_ _6\"></span>stipula la <span class=\"_ _e\"></span>Ley del <span class=\"_ _e\"></span>Clima de la UE. Una <span class=\"_ _6\"></span>vez <span class=\"_ _6\"></span>adopta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>objetivo <span class=\"_ _6\"></span>clim\u00e1tico <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>20<span class=\"_ _6\"></span>40, <span class=\"_ _6\"></span>previsibl<span class=\"_ _6\"></span>emente <span class=\"_ _6\"></span>durante <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>segund<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>trimestre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>2025, <span class=\"_ _6\"></span>este constituir\u00e1 <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>base <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>nueva <span class=\"_ _15\"></span>Contribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Determinada <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>Nivel <span class=\"_ _15\"></span>Nacional <span class=\"_ _15\"></span>(NDC, <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>sus <span class=\"_ _15\"></span>siglas <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>ingl\u00e9s) <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la UE <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>mar<span class=\"_ _6\"></span>co <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Acuerdo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Par\u00eds<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Dicha<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>contribuci\u00f3n <span class=\"_ _15\"></span>deber\u00e1 <span class=\"_ _15\"></span>ser <span class=\"_ _6\"></span>co<span class=\"_ _6\"></span>municada <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>Con<span class=\"_ _6\"></span>venci\u00f3n <span class=\"_ _15\"></span>Marco <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>las Naciones Unidas<span class=\"_ _6\"></span> sobre el Cambio Clim\u00e1tico (<span class=\"_ _6\"></span>CMNUCC) en 2<span class=\"_ _6\"></span>025.<span class=\"_ _6\"></span> Finalmente, <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>propu<span class=\"_ _6\"></span>esta <span class=\"_ _11\"></span>jur\u00eddicamente <span class=\"_ _0\"></span>vinculan<span class=\"_ _6\"></span>te <span class=\"_ _11\"></span>para <span class=\"_ _0\"></span>esta<span class=\"_ _6\"></span>blecer <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span>objetivo <span class=\"_ _11\"> </span>clim\u00e1tico <span class=\"_ _11\"></span>ser\u00e1 <span class=\"_ _0\"></span>publicad<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>el primer trimestre de 2025.<span class=\"_ _6\"></span> Revisi\u00f3n de la Direc<span class=\"_ _6\"></span>tiva ETS En <span class=\"_ _12\"> </span>abril <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>2023, <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>Consejo<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>adopt\u00f3 <span class=\"_ _12\"> </span>formalmente <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>nuev<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>legislaci\u00f3n <span class=\"_ _12\"> </span>relativa <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>R\u00e9gimen <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>Co<span class=\"_ _6\"></span>mercio <span class=\"_ _12\"> </span>de<span class=\"_ _6\"></span> Derechos de Emisi\u00f3n de la Uni\u00f3n Europea (RCDE U<span class=\"_ _1\"></span>E), durante el a\u00f1o 2024<span class=\"_ _1\"></span> adopci\u00f3n, en la que los colegisladores acordaron las<span class=\"_ _6\"></span> siguientes medidas<span class=\"_ _6\"></span>: \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Incrementar <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>ambici\u00f3n <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>reducci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>emisiones <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>2030<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>sectores <span class=\"_ _15\"></span>cubierto<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>RCDE </span></span></span>UE, estableciendo un<span class=\"_ _6\"></span> objetivo del 62%, frente al 43<span class=\"_ _6\"></span>% actual.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Retirar der<span class=\"_ _6\"></span>echos de emisi\u00f3n del merc<span class=\"_ _6\"></span>ado en dos fases (rebase)<span class=\"_ _15\"></span><span class=\"ff4 ls24\">: <span class=\"ls0_1\"> </span></span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">2024: 90 millon<span class=\"_ _6\"></span>es de derecho<span class=\"_ _6\"></span>s de emisi\u00f3n.<span class=\"_ _6\"></span> </span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">2026: 27 millon<span class=\"_ _6\"></span>es de derecho<span class=\"_ _6\"></span>s de emisi\u00f3n.<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Aumentar el facto<span class=\"_ _6\"></span>r de reducci\u00f3n lineal<span class=\"_ _6\"></span><span class=\"ff4 ls24\">: <span class=\"ls0_1\"> </span></span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4 lse\">2024<span class=\"ls0_1\">-2027<span class=\"_ _6\"></span>: 4,3%. </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4 lse\">2028<span class=\"ls0_1\">-2030<span class=\"_ _6\"></span>: 4,4%. </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Establecer <span class=\"_ _10\"></span>condicionalidades <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>asignaci\u00f3n <span class=\"_ _10\"></span>gratuita <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>derec<span class=\"_ _6\"></span>hos <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>em<span class=\"_ _6\"></span>isi\u00f3n<span class=\"_ _6\"></span><span class=\"ff4\">,<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>modo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>una </span></span></span>instalaci\u00f3n n<span class=\"_ _6\"></span>o reciba el 20% de su as<span class=\"_ _6\"></span>ignaci\u00f3n gratuita<span class=\"_ _6\"></span> si no cumple con lo siguiente: <span class=\"_ _15\"></span> o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Implementar <span class=\"_ _6\"></span>las recomendacion<span class=\"_ _6\"></span>es de su auditor\u00eda energ\u00e9tica o sistema de gesti\u00f3n energ\u00e9tica.<span class=\"_ _15\"></span> </span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Alcanza<span class=\"_ _6\"></span>r el objetivo interme<span class=\"_ _1\"></span>dio de 2025 definido en <span class=\"_ _1\"></span>su plan de <span class=\"_ _1\"></span>neutralidad clim\u00e1tica (aplicable </span></span>a instalaciones<span class=\"_ _6\"></span> dentro del 20% su<span class=\"_ _6\"></span>perior de su \u00ednd<span class=\"_ _6\"></span>ice de referencia de producto).<span class=\"_ _15\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Incrementar <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>tasa <span class=\"_ _10\"></span>m\u00e1xima <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>reducci\u00f3n <span class=\"_ _0\"></span>anual <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>\u00edndices <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>refere<span class=\"_ _6\"></span>ncia<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>2,5%, <span class=\"_ _10\"></span>desde <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>1,6% </span></span></span>actual. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Excluir del RCDE UE las insta<span class=\"_ _6\"></span>laciones c<span class=\"_ _6\"></span>uyas emisiones provengan al m<span class=\"_ _6\"></span>enos en u<span class=\"_ _6\"></span>n 95% de biomasa.<span class=\"_ _15\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Mantener la c<span class=\"_ _6\"></span>ompensaci\u00f3n por los co<span class=\"_ _6\"></span>stos indirectos d<span class=\"_ _6\"></span>el carbono.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Incluir el sector m<span class=\"_ _6\"></span>ar\u00edtimo en el RCDE UE a <span class=\"_ _6\"></span>partir de 2024.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>Adicionalmente, <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>colegisla<span class=\"_ _6\"></span>dores <span class=\"_ _6\"></span>acordaron<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>la creaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _15\"></span><span class=\"ff3\">nuevo <span class=\"_ _6\"></span>sistema <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>com<span class=\"_ _6\"></span>ercio de <span class=\"_ _6\"></span>em<span class=\"_ _6\"></span>isiones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la </span>UE (RCDE UE II)<span class=\"ff4\">, que se aplicar\u00e1 al suministro de combustibles destinados<span class=\"_ _6\"></span> al transporte por carretera, edificios y </span>otros sectores, co<span class=\"_ _6\"></span>mo el manufacturero. Es<span class=\"_ _6\"></span>te nuevo sis<span class=\"_ _6\"></span>tema estar\u00e1 dirigido a lo<span class=\"_ _6\"></span>s distribuidores de combus<span class=\"_ _6\"></span>tibles.<span class=\"_ _15\"></span> La <span class=\"_ _0\"></span>Directiva <span class=\"_ _11\"></span>ETS <span class=\"_ _0\"></span>UE <span class=\"_ _0\"></span>est\u00e1<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>proceso <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>implementaci\u00f3n. <span class=\"_ _11\"></span>Adem\u00e1s, <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>Comisi\u00f3n <span class=\"_ _0\"></span>Europ<span class=\"_ _6\"></span>ea <span class=\"_ _0\"></span>lanzar\u00e1 <span class=\"_ _0\"></span>una  con<span class=\"_ _1\"></span>sulta p\u00fablica en el primer trimestre<span class=\"_ _6\"></span> de 2025, como parte d<span class=\"_ _6\"></span>e la rev<span class=\"_ _6\"></span>isi\u00f3n del RCDE UE p<span class=\"_ _6\"></span>revista para 2026.<span class=\"_ _15\"></span> Revisi\u00f3n de la Reserva de E<span class=\"_ _6\"></span>stabilidad del Merc<span class=\"_ _6\"></span>ado (MSR)<span class=\"_ _6\"></span> <span class=\"_ _10\"></span> El 28 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>marzo de <span class=\"_ _e\"></span>2023, el <span class=\"_ _e\"></span>Con<span class=\"_ _6\"></span>sejo de <span class=\"_ _e\"></span>la Uni\u00f3n <span class=\"_ _e\"></span>Eu<span class=\"_ _6\"></span>ropea <span class=\"_ _1\"></span>adopt\u00f3 una <span class=\"_ _1\"></span>decisi\u00f3n sobre <span class=\"_ _e\"></span>la Reserva <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Estabilid<span class=\"_ _6\"></span>ad del Mercado (<span class=\"_ _6\"></span>MSR), cuy<span class=\"_ _6\"></span>a entrada<span class=\"_ _6\"></span> en vigor tuv<span class=\"_ _6\"></span>o lugar en <span class=\"_ _6\"></span>2024.<span class=\"_ _15\"></span> El reglamento vigente manti<span class=\"_ _6\"></span>ene la tasa de admisi\u00f3n duplic<span class=\"_ _6\"></span>ada del 24 % y el <span class=\"_ _1\"></span>umbral m\u00ednimo de derech<span class=\"_ _6\"></span>os de emisi\u00f3n <span class=\"_ _6\"></span>colocad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>reserva <span class=\"_ _6\"></span>(200 <span class=\"_ _6\"></span>millon<span class=\"_ _6\"></span>es) <span class=\"_ _6\"></span>has<span class=\"_ _6\"></span>ta <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>31 de <span class=\"_ _6\"></span>diciembr<span class=\"_ _6\"></span>e d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>2030, <span class=\"_ _6\"></span>coincid<span class=\"_ _6\"></span>iendo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>final de la fase 4 d<span class=\"_ _6\"></span>el R\u00e9gimen d<span class=\"_ _6\"></span>e Come<span class=\"_ _6\"></span>rcio de Derec<span class=\"_ _6\"></span>hos<span class=\"_ _6\"></span> de Emis<span class=\"_ _6\"></span>i\u00f3n de la UE (<span class=\"_ _6\"></span>RCDE UE).<span class=\"_ _15\"></span> El principal <span class=\"_ _6\"></span>objetivo de la revis<span class=\"_ _6\"></span>i\u00f3n de la MSR es<span class=\"_ _6\"></span> reducir el volumen d<span class=\"_ _6\"></span>e derechos de emis<span class=\"_ _6\"></span>i\u00f3n en circula<span class=\"_ _6\"></span>ci\u00f3n a 833 millon<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>antes <span class=\"_ _6\"></span>posible. <span class=\"_ _6\"></span>Para ell<span class=\"_ _6\"></span>o, <span class=\"_ _6\"></span>se h<span class=\"_ _6\"></span>a introd<span class=\"_ _6\"></span>ucido <span class=\"_ _6\"></span>un ran<span class=\"_ _6\"></span>go deno<span class=\"_ _6\"></span>minado <span class=\"_ _6\"></span>\"inges<span class=\"_ _6\"></span>ta de <span class=\"_ _6\"></span>reserva\", <span class=\"_ _6\"></span>que<span class=\"_ _6\"></span> se <span class=\"_ _10\"></span>sit\u00fa<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>833 <span class=\"_ _0\"></span>millones <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>1.096 <span class=\"_ _10\"></span>millones <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>derechos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>emisi\u00f3n. <span class=\"_ _10\"></span>Si <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>n<span class=\"_ _6\"></span>\u00famero <span class=\"_ _10\"></span>tota<span class=\"_ _6\"></span>l <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>derech<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>en circulaci\u00f3n <span class=\"_ _10\"></span>(TN<span class=\"_ _6\"></span>AC) <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>encuen<span class=\"_ _6\"></span>tra <span class=\"_ _10\"></span>dentro <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>este <span class=\"_ _10\"></span>rang<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>cantidad <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>derechos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _10\"></span>(E<span class=\"_ _6\"></span>UA) <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e retirar\u00e1 de las<span class=\"_ _6\"></span> subas<span class=\"_ _6\"></span>tas gub<span class=\"_ _6\"></span>ernamentales s<span class=\"_ _6\"></span>er\u00e1 equiv<span class=\"_ _6\"></span>a<span class=\"_ _6\"></span>lente a la diferenc<span class=\"_ _6\"></span>ia entr<span class=\"_ _6\"></span>e el TNAC y <span class=\"_ _6\"></span>los 833 mil<span class=\"_ _6\"></span>lones.<span class=\"_ _6\"></span> Adicionalment<span class=\"_ _6\"></span>e, los Estad<span class=\"_ _6\"></span>os miembros podr\u00e1n utilizar las<span class=\"_ _6\"></span> nuevas subvencion<span class=\"_ _6\"></span>es del Fondo de Recup<span class=\"_ _6\"></span>eraci\u00f3n y <span class=\"_ _18\"> </span>Resiliencia, <span class=\"_ _18\"> </span>por  un<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>valor <span class=\"_ _18\"> </span>aproximado <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>20.000 <span class=\"_ _18\"> </span>millon<span class=\"_ _6\"></span>es <span class=\"_ _18\"> </span>de  eu<span class=\"_ _6\"></span>ros, <span class=\"_ _18\"> </span>financiada<span class=\"_ _6\"></span>s <span class=\"_ _18\"> </span>mediante <span class=\"_ _18\"> </span>la  v<span class=\"_ _6\"></span>enta anticipada<span class=\"_ _6\"></span>  de  derechos  de  emisi\u00f3n  del  RCDE  (8.000  millo<span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>es  de  euros)  y  los  recursos<span class=\"_ _6\"></span>  del  Fondo  de Innovaci\u00f3n<span class=\"_ _6\"></span> (12.000 <span class=\"_ _6\"></span>millones <span class=\"_ _6\"></span>de euros<span class=\"_ _6\"></span>). Asimis<span class=\"_ _6\"></span>mo, una pa<span class=\"_ _6\"></span>rte de los<span class=\"_ _6\"></span> derechos<span class=\"_ _6\"></span> de em<span class=\"_ _6\"></span>isi\u00f3n de la<span class=\"_ _6\"></span> MSR qu<span class=\"_ _6\"></span>e, en<span class=\"_ _6\"></span> otras circuns<span class=\"_ _6\"></span>tancias<span class=\"_ _6\"></span>, ser\u00edan invalid<span class=\"_ _6\"></span>ados, se des<span class=\"_ _6\"></span>tinar\u00e1 a la<span class=\"_ _6\"></span> reposici\u00f3n del Fon<span class=\"_ _6\"></span>do de Inn<span class=\"_ _6\"></span>ovaci<span class=\"_ _6\"></span>\u00f3n.<span class=\"_ _33\"> </span>Refundici\u00f3n de la Direc<span class=\"_ _6\"></span>tiva sobre e<span class=\"_ _6\"></span>ficiencia energ\u00e9tica (DE<span class=\"_ _6\"></span>E)<span class=\"_ _6\"></span> <span class=\"_ _2\"> </span> El <span class=\"_ _e\"></span>1 <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>enero <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>2024 <span class=\"_ _1\"></span>entr\u00f3 <span class=\"_ _e\"></span>en vigor <span class=\"_ _a\"></span>la re<span class=\"_ _1\"></span>fundici\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Directiva <span class=\"_ _1\"></span>sobre Eficie<span class=\"_ _1\"></span>ncia <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>nerg\u00e9tica <span class=\"_ _e\"></span>(DEE<span class=\"_ _6\"></span>), <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>establece las siguientes d<span class=\"_ _6\"></span>isposiciones clave:<span class=\"_ _6\"></span> 1.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff3\">Objetivos de r<span class=\"_ _6\"></span>educci\u00f3n d<span class=\"_ _6\"></span>el consumo energ\u00e9tico:<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Un <span class=\"_ _6\"></span>objetiv<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>vinculante <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>reducci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>40,5 <span class=\"_ _6\"></span>% <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>consumo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e energ\u00eda <span class=\"_ _6\"></span>pri<span class=\"_ _6\"></span>maria <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>38 <span class=\"_ _6\"></span>%<span class=\"_ _6\"></span> </span></span>en el con<span class=\"_ _6\"></span>sumo <span class=\"_ _6\"></span>de energ\u00eda f<span class=\"_ _6\"></span>inal <span class=\"_ _6\"></span>para 2030, <span class=\"_ _6\"></span>en compar<span class=\"_ _6\"></span>aci\u00f3n c<span class=\"_ _6\"></span>on <span class=\"_ _6\"></span>las p<span class=\"_ _6\"></span>royecciones del E<span class=\"_ _6\"></span>scenario de Referencia de la UE d<span class=\"_ _6\"></span>e 2007.<span class=\"_ _6\"></span> o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Es<span class=\"_ _6\"></span>to <span class=\"_ _1\"></span>implica <span class=\"_ _1\"></span>un <span class=\"_ _e\"></span>l\u00edmite de <span class=\"_ _e\"></span>763 Mtep <span class=\"_ _e\"></span>para el <span class=\"_ _e\"></span>consumo final <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>energ\u00eda (FEC) <span class=\"_ _e\"></span>y de <span class=\"_ _e\"></span>992,5 <span class=\"_ _1\"></span>Mtep para </span></span>el consumo de energ\u00eda pri<span class=\"_ _6\"></span>maria (PEC) en 203<span class=\"_ _6\"></span>0.<span class=\"_ _6\"></span> 2.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff3\">Obligaci\u00f3n de<span class=\"_ _6\"></span> ahorro ener<span class=\"_ _6\"></span>g\u00e9tico anual:<span class=\"ff4\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>stados  mie<span class=\"_ _1\"></span>mbros  deber\u00e1n <span class=\"_ _12\"> </span>garantizar  un <span class=\"_ _12\"> </span>ahorro  energ\u00e9tico <span class=\"_ _11\"> </span>an<span class=\"_ _6\"></span>ual  del <span class=\"_ _12\"> </span>1,3 <span class=\"_ _12\"> </span>%  sobre <span class=\"_ _12\"> </span>el </span></span>consumo final de energ\u00eda pro<span class=\"_ _1\"></span>medio a partir de <span class=\"_ _1\"></span>2024, increment\u00e1ndose progresivamente hasta alcanzar el 1,9 % anual <span class=\"_ _6\"></span>para finales de 2030.<span class=\"_ _6\"></span> 3.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff3\">Modificaci\u00f3n d<span class=\"_ _6\"></span>e la definici\u00f3n de<span class=\"_ _6\"></span> cogeneraci\u00f3n de alta efici<span class=\"_ _6\"></span>encia:<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Las<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>unid<span class=\"_ _6\"></span>ades <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>cogeneraci\u00f3n <span class=\"_ _17\"> </span>constru<span class=\"_ _6\"></span>idas <span class=\"_ _17\"> </span>o <span class=\"_ _17\"> </span>renov<span class=\"_ _6\"></span>adas <span class=\"_ _17\"> </span>sustancialmente <span class=\"_ _1c\"> </span>despu\u00e9s <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>la </span></span>transpos<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>directiva <span class=\"_ _0\"></span>deber\u00e1n <span class=\"_ _0\"></span>emitir <span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>enos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>270 <span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>CO2 <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>kWh <span class=\"_ _0\"></span>produ<span class=\"_ _6\"></span>cido mediante <span class=\"_ _e\"></span>cogen<span class=\"_ _6\"></span>eraci\u00f3n <span class=\"_ _e\"></span>(inclu<span class=\"_ _6\"></span>yendo <span class=\"_ _1\"></span>calefacci\u00f3n/refrigeraci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>electricidad <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _1\"></span>mec<span class=\"_ _6\"></span>\u00e1nica) cuando utilicen combu<span class=\"_ _6\"></span>stibles f\u00f3siles.<span class=\"_ _6\"></span> o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Las<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>unidades <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>cogeneraci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>funcionamiento<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>antes <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>10 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>octubre <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>2023 <span class=\"_ _0\"></span>estar\u00e1n </span></span>exentas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>requisito <span class=\"_ _6\"></span>hasta <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>enero <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2034, <span class=\"_ _6\"></span>siempre <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>cuenten<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>plan para reducir <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>rogresivamente <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>emisiones <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>alcanzar <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>umbral <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>270 <span class=\"_ _10\"></span>gCO2/kWh <span class=\"_ _0\"></span>an<span class=\"_ _15\"></span>tes <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>esa fecha. Este plan d<span class=\"_ _6\"></span>eber\u00e1 notificarse a las<span class=\"_ _6\"></span> autoridades<span class=\"_ _6\"></span> competentes.<span class=\"_ _6\"></span> 4.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff3\">Modificaci\u00f3n d<span class=\"_ _6\"></span>e los umbrales d<span class=\"_ _6\"></span>e cumplimiento:<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff3\">Auditor<span class=\"_ _6\"></span>\u00eda <span class=\"_ _6\"></span>energ\u00e9tica:<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _6\"></span>Ob<span class=\"_ _6\"></span>ligatoria <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>empresas <span class=\"_ _15\"></span>cuyo <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>sumo <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>ual <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>upere <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>10 <span class=\"_ _6\"></span>TJ </span></span></span>de energ\u00eda en los tres a\u00f1<span class=\"_ _6\"></span>os previos y q<span class=\"_ _6\"></span>ue no dispongan de un s<span class=\"_ _6\"></span>istema de gesti\u00f3n energ\u00e9tica.<span class=\"_ _15\"></span> o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff3\">Sistema  de  gesti\u00f3n  energ\u00e9tica:<span class=\"ff4\">  Obligatorio  para <span class=\"_ _12\"> </span>empres<span class=\"_ _6\"></span>as  con  un <span class=\"_ _1a\"> </span>consumo  medio  anual </span></span></span>superior a 85 TJ d<span class=\"_ _6\"></span>e energ\u00eda en los \u00fa<span class=\"_ _6\"></span>ltimos tres a\u00f1os.<span class=\"_ _6\"></span> 5.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff3\">Planes locales d<span class=\"_ _6\"></span>e calefacci\u00f3n <span class=\"_ _6\"></span>y refrigeraci\u00f3n:<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>E<span class=\"_ _6\"></span>stados <span class=\"_ _12\"> </span>miembros <span class=\"_ _12\"> </span>deben <span class=\"_ _12\"> </span>garantizar <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>autoridades <span class=\"_ _12\"> </span>regionales <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>locales <span class=\"_ _12\"> </span>elaboren<span class=\"_ _6\"></span> </span></span>planes <span class=\"_ _10\"></span>esp<span class=\"_ _6\"></span>ec\u00edficos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>calefacci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>refrigeraci\u00f3n, <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>menos <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>municipios <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>poblaci\u00f3n superior a 45.000 hab<span class=\"_ _6\"></span>itantes.<span class=\"_ _6\"></span> Estas <span class=\"_ _10\"></span>medidas <span class=\"_ _15\"></span>b<span class=\"_ _6\"></span>uscan <span class=\"_ _15\"></span>promov<span class=\"_ _6\"></span>er <span class=\"_ _15\"></span>una <span class=\"_ _10\"></span>transici\u00f3n <span class=\"_ _10\"></span>hacia <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>modelo <span class=\"_ _10\"></span>energ\u00e9tico <span class=\"_ _10\"></span>m\u00e1s <span class=\"_ _15\"></span>so<span class=\"_ _6\"></span>stenible <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>alineado <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> objetivos clim\u00e1ticos d<span class=\"_ _6\"></span>e la Uni\u00f3n Eu<span class=\"_ _6\"></span>ropea. El paquete d<span class=\"_ _6\"></span>e medidas sobre hidr\u00f3geno<span class=\"_ _6\"></span> y gas descarbon<span class=\"_ _6\"></span>izado<span class=\"_ _6\"></span> El <span class=\"_ _12\"> </span>pasado <span class=\"_ _12\"> </span>21 <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>may<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>2024, <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>Con<span class=\"_ _6\"></span>sejo <span class=\"_ _12\"> </span>adopt\u00f3 <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>Reglamento <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>Directiva <span class=\"_ _12\"> </span>que <span class=\"_ _12\"> </span>establecen <span class=\"_ _12\"> </span>normas comunes <span class=\"_ _0\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>mercados <span class=\"_ _11\"></span>interiores <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>gas <span class=\"_ _11\"></span>renovable, <span class=\"_ _0\"></span>gas <span class=\"_ _11\"></span>natural <span class=\"_ _0\"></span>e <span class=\"_ _11\"></span>hidr\u00f3geno, <span class=\"_ _0\"></span>reformando <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>legislaci\u00f3n vigente <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la  U<span class=\"_ _1\"></span>ni\u00f3n <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>uropea <span class=\"_ _12\"> </span>en  m<span class=\"_ _1\"></span>ateria <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>gas<span class=\"_ _6\"></span>. <span class=\"_ _12\"> </span>Es<span class=\"_ _6\"></span>tas<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>medidas  f<span class=\"_ _1\"></span>orman <span class=\"_ _12\"> </span>parte  del <span class=\"_ _11\"> </span>den<span class=\"_ _6\"></span>ominado  <span class=\"ff9\">Paquete <span class=\"_ _12\"> </span>de </span>Descarbonizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>lo<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>Mercados <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>Hidr\u00f3gen<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>Gas<span class=\"_ _6\"></span><span class=\"ff4\">,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>cuy<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>objetivo <span class=\"_ _0\"></span>principal <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>crear <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>marco <span class=\"_ _10\"></span>regulatori<span class=\"_ _6\"></span>o </span>para la infraestructura y <span class=\"_ _1\"></span>los mercados relacionados con el <span class=\"_ _1\"></span>hidr\u00f3geno, as\u00ed como p<span class=\"_ _1\"></span>ara la pla<span class=\"_ _1\"></span>nificaci<span class=\"_ _6\"></span>\u00f3n integrada de redes. Entre los prin<span class=\"_ _6\"></span>cipales acuerdos alcanza<span class=\"_ _6\"></span>dos por el Consejo y<span class=\"_ _6\"></span> el Parlamento, desta<span class=\"_ _6\"></span>can los s<span class=\"_ _6\"></span>iguientes:<span class=\"_ _6\"></span> La Directiva \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se establece la separaci\u00f3<span class=\"_ _6\"></span>n entre las activ<span class=\"_ _6\"></span>idades de su<span class=\"_ _6\"></span>ministro y generaci\u00f3n de gas<span class=\"_ _6\"></span> e hidr\u00f3geno y la </span></span>operaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>redes <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>trans<span class=\"_ _6\"></span>misi\u00f3n, <span class=\"_ _6\"></span>garantizan<span class=\"_ _6\"></span>do as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>modelo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>desintegraci\u00f3n <span class=\"_ _6\"></span>ho<span class=\"_ _6\"></span>rizontal <span class=\"_ _6\"></span>y vertical. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _11\"> </span>incluyen <span class=\"_ _12\"> </span>disposiciones<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>los <span class=\"_ _12\"> </span>operadores <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>red<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>istribuci\u00f3n <span class=\"_ _12\"> </span>desarrollen <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lanes </span></span>destinados<span class=\"_ _6\"></span> al desmantelamiento de infraestru<span class=\"_ _6\"></span>cturas de gas.<span class=\"_ _6\"></span> El Reglamento \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _6\"></span>crea <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>nueva <span class=\"_ _15\"></span>entidad <span class=\"_ _15\"></span>independiente <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>sector <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>hidr\u00f3geno: <span class=\"_ _6\"></span>la <span class=\"_ _0\"></span><span class=\"ff9\">Entidad <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>UE <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> </span></span></span>Operadores de Redes de<span class=\"_ _6\"></span> Hidr\u00f3geno<span class=\"_ _6\"></span><span class=\"ff4\"> (EN<span class=\"_ _6\"></span>NOH). </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Respecto <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>tarifas <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>red<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>mercado <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>hid<span class=\"_ _6\"></span>r\u00f3geno, <span class=\"_ _11\"></span>cada <span class=\"_ _0\"></span>autorid<span class=\"_ _6\"></span>ad <span class=\"_ _0\"></span>regulad<span class=\"_ _6\"></span>ora <span class=\"_ _0\"></span>nacion<span class=\"_ _6\"></span>al </span></span>deber\u00e1 <span class=\"_ _0\"></span>consultar <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>sus <span class=\"_ _0\"></span>hom\u00f3logos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>pa\u00eds<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>vecinos <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>obre <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>metodolog\u00eda <span class=\"_ _11\"></span>tarifaria <span class=\"_ _0\"></span>propu<span class=\"_ _6\"></span>esta <span class=\"_ _0\"></span>y someterla a la Agencia p<span class=\"_ _6\"></span>ara la Cooperaci\u00f3n d<span class=\"_ _6\"></span>e los Reguladores d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>Energ\u00eda (ACER).<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _18\"> </span>contempla <span class=\"_ _1e\"> </span>la <span class=\"_ _18\"> </span>posibilidad<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>E<span class=\"_ _6\"></span>stados <span class=\"_ _1e\"> </span>miembros <span class=\"_ _18\"> </span>limiten <span class=\"_ _18\"> </span>las <span class=\"_ _1e\"> </span>importacione<span class=\"_ _6\"></span>s <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>gas<span class=\"_ _6\"></span> </span></span>procedente de Rusia y Bielorrusia,<span class=\"_ _6\"></span> tanto a trav\u00e9s de gasoductos como de terminales de gas natural licuado (GNL).<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Antes <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>finalizar <span class=\"_ _11\"> </span>20<span class=\"_ _6\"></span>29, <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>Comisi\u00f3n <span class=\"_ _12\"> </span>evaluar<span class=\"_ _6\"></span>\u00e1 <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>iabilidad <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>integrar <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>tres <span class=\"_ _12\"> </span>redes <span class=\"_ _12\"> </span>euro<span class=\"_ _6\"></span>peas </span></span>(ENTSO) correspon<span class=\"_ _6\"></span>dientes al hidr\u00f3<span class=\"_ _6\"></span>geno, la electricidad y el <span class=\"_ _6\"></span>gas.<span class=\"_ _6\"></span> Este <span class=\"_ _15\"></span>marco <span class=\"_ _15\"></span>regulatorio <span class=\"_ _15\"></span>refuer<span class=\"_ _6\"></span>za <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>objetivos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>UE <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>materia <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>trans<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _15\"></span>energ\u00e9tica <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>escarbonizaci\u00f3n, promoviendo un<span class=\"_ _6\"></span> mercado energ\u00e9tico sostenible y s<span class=\"_ _6\"></span>eguro.<span class=\"_ _6\"></span> Reforma del Dise\u00f1o d<span class=\"_ _6\"></span>el Mercado El\u00e9ctr<span class=\"_ _6\"></span>ico (EMD)<span class=\"_ _6\"></span> El <span class=\"_ _11\"></span>Consejo <span class=\"_ _0\"></span>y <span class=\"_ _11\"> </span>el <span class=\"_ _0\"></span>Parlamento<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>alcanzaron <span class=\"_ _11\"></span>durante <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"> </span>un <span class=\"_ _11\"></span>acuerdo <span class=\"_ _0\"></span>prov<span class=\"_ _6\"></span>isional <span class=\"_ _11\"></span>para <span class=\"_ _0\"></span>reformar <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>estructu<span class=\"_ _6\"></span>ra <span class=\"_ _11\"></span>del mercado <span class=\"_ _6\"></span>el\u00e9ctrico <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Uni\u00f3n <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>uropea <span class=\"_ _6\"></span>(UE). <span class=\"_ _6\"></span>El <span class=\"_ _6\"></span>objetiv<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>principal <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>re<span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>red<span class=\"_ _6\"></span>ucir <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>dependencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e los <span class=\"_ _15\"></span>precios <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>electricidad <span class=\"_ _15\"></span>respecto <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>volatilidad <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>pr<span class=\"_ _6\"></span>ecios <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>combustibles <span class=\"_ _15\"></span>f\u00f3siles, <span class=\"_ _10\"></span>proteger <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>los consumidores <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>au<span class=\"_ _6\"></span>mentos <span class=\"_ _10\"></span>bru<span class=\"_ _6\"></span>scos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>precios, <span class=\"_ _0\"></span>acelerar <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>adopci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00edas <span class=\"_ _0\"></span>renovab<span class=\"_ _6\"></span>les <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>mejorar <span class=\"_ _0\"></span>la protecci\u00f3n al cons<span class=\"_ _6\"></span>umidor. Algunos de los<span class=\"_ _6\"></span> aspectos clave del acuerdo<span class=\"_ _6\"></span> provision<span class=\"_ _6\"></span>al son los siguientes:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _1c\"> </span>intro<span class=\"_ _6\"></span>ducen <span class=\"_ _1b\"> </span>los <span class=\"_ _1c\"> </span>contrato<span class=\"_ _6\"></span>s <span class=\"_ _1c\"> </span>por <span class=\"_ _1b\"> </span>diferencia <span class=\"_ _1c\"> </span>bidirecciona<span class=\"_ _6\"></span>les <span class=\"_ _1b\"> </span>para <span class=\"_ _1c\"> </span>las <span class=\"_ _1b\"> </span>inversiones <span class=\"_ _1c\"> </span>en <span class=\"_ _1b\"> </span>nuevas </span></span>generaciones  de  energ\u00eda  libre  de  combustibles  f\u00f3siles  (incluida  la  energ\u00eda <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>uclear)  que  ya  se benefician <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>ay<span class=\"_ _6\"></span>udas <span class=\"_ _10\"></span>estatales <span class=\"_ _10\"></span>(bajo <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>r\u00e9gim<span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>ap<span class=\"_ _6\"></span>oyo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>irecto <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>p<span class=\"_ _15\"></span>recios). <span class=\"_ _10\"></span>Las <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>ormas <span class=\"_ _15\"></span>para estos <span class=\"_ _10\"></span>contratos <span class=\"_ _10\"></span>solo <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>ap<span class=\"_ _6\"></span>licar\u00e1n <span class=\"_ _10\"></span>despu\u00e9s <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>er\u00edodo <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>trans<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>tres <span class=\"_ _10\"></span>a\u00f1os <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>partir <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la entrada en vigor d<span class=\"_ _6\"></span>el reglamento. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Los <span class=\"_ _12\"> </span>ingresos <span class=\"_ _12\"> </span>generados <span class=\"_ _12\"> </span>por <span class=\"_ _12\"> </span>estos <span class=\"_ _12\"> </span>contratos <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>redistribuir\u00edan <span class=\"_ _12\"> </span>entre <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>cons<span class=\"_ _6\"></span>umidores <span class=\"_ _11\"> </span>finales <span class=\"_ _12\"> </span>y </span></span>podr\u00edan destinarse a <span class=\"_ _e\"></span>financiar los costes <span class=\"_ _1\"></span>de lo<span class=\"_ _1\"></span>s planes <span class=\"_ _e\"></span>de apoyo directo <span class=\"_ _e\"></span>a los precios <span class=\"_ _e\"></span>o a inversiones destinadas<span class=\"_ _6\"></span> a reducir los costos d<span class=\"_ _6\"></span>e la electricidad para lo<span class=\"_ _6\"></span>s co<span class=\"_ _6\"></span>nsumidores.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">De forma <span class=\"_ _6\"></span>coordinada,<span class=\"_ _6\"></span> los<span class=\"_ _6\"></span> Es<span class=\"_ _6\"></span>tados miembros <span class=\"_ _6\"></span>garantizar\u00e1n<span class=\"_ _6\"></span> la<span class=\"_ _6\"></span> dis<span class=\"_ _6\"></span>ponibilidad <span class=\"_ _6\"></span>de in<span class=\"_ _6\"></span>strumentos, <span class=\"_ _6\"></span>como </span></span>esquemas de garant\u00eda a precios <span class=\"_ _1\"></span>de mercado, accesibles para <span class=\"_ _1\"></span>los clientes que e<span class=\"_ _1\"></span>nfrenten barreras de entrada al <span class=\"_ _1\"></span>mercado de <span class=\"_ _e\"></span>PPAs y que <span class=\"_ _1\"></span>no se <span class=\"_ _e\"></span>encu<span class=\"_ _6\"></span>entren en <span class=\"_ _e\"></span>dific<span class=\"_ _6\"></span>ultad<span class=\"_ _6\"></span>es financieras. Estos <span class=\"_ _1\"></span>instrumentos podr\u00e1n incluir, entre otro<span class=\"_ _6\"></span>s, esquemas de garant\u00eda<span class=\"_ _6\"></span> respaldados por el Estado a precios de mercado,<span class=\"_ _6\"></span> garant\u00edas priv<span class=\"_ _6\"></span>adas o instalaciones que a<span class=\"_ _6\"></span>grupen la demanda de los P<span class=\"_ _6\"></span>PAs.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La Comisi\u00f3n Eu<span class=\"_ _6\"></span>ropea crear\u00e1 un mercado p<span class=\"_ _6\"></span>ara los con<span class=\"_ _6\"></span>tratos de compra de energ\u00eda <span class=\"_ _6\"></span>(PPAs).<span class=\"_ _15\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Los <span class=\"_ _1e\"> </span>mecanismos <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>cap<span class=\"_ _6\"></span>acidad <span class=\"_ _1e\"> </span>se <span class=\"_ _1e\"> </span>integrar\u00e1n <span class=\"_ _1e\"> </span>como <span class=\"_ _18\"> </span>u<span class=\"_ _6\"></span>n <span class=\"_ _18\"> </span>componente <span class=\"_ _1e\"> </span>estructura<span class=\"_ _6\"></span>l <span class=\"_ _18\"> </span>del<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>mercado<span class=\"_ _6\"></span> </span></span>el\u00e9ctrico. <span class=\"_ _0\"></span>Se <span class=\"_ _0\"></span>permitir\u00e1 <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>osible <span class=\"_ _0\"></span>derogaci\u00f3n <span class=\"_ _11\"></span>excepcional <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>l\u00edmite <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>emisiones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>CO2 <span class=\"_ _0\"></span>(<span class=\"_ _6\"></span>550 gCO2/kWh) <span class=\"_ _1e\"> </span>para <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>in<span class=\"_ _6\"></span>troducci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>mecanis<span class=\"_ _6\"></span>mos <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>capacidad<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>ya <span class=\"_ _1e\"> </span>au<span class=\"_ _6\"></span>torizados, <span class=\"_ _1e\"> </span>cu<span class=\"_ _15\"></span>ando <span class=\"_ _1e\"> </span>est\u00e9 debidamente justificado.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Los <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>stados <span class=\"_ _11\"></span>miem<span class=\"_ _1\"></span>bros <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>ya <span class=\"_ _11\"> </span>implementan <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>mecanis<span class=\"_ _6\"></span>mo <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>capacidad <span class=\"_ _11\"></span>deber\u00e1n <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>siderar <span class=\"_ _0\"></span>la </span></span>posibilidad d<span class=\"_ _6\"></span>e promover la participaci\u00f3n de la flexibilidad n<span class=\"_ _6\"></span>o f\u00f3sil, como la resp<span class=\"_ _6\"></span>uesta a la demanda y el almacenamiento de ener<span class=\"_ _6\"></span>g\u00eda, redis<span class=\"_ _6\"></span>e\u00f1ando los crit<span class=\"_ _6\"></span>erios o caracte<span class=\"_ _6\"></span>r\u00edsticas de d<span class=\"_ _6\"></span>ichos mecanis<span class=\"_ _6\"></span>mos. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">A <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _11\"></span>tardar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>enero <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2026, <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>posteriormente <span class=\"_ _0\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>dos <span class=\"_ _11\"></span>a\u00f1os, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Comisi\u00f3n <span class=\"_ _11\"></span>evaluar\u00e1 <span class=\"_ _0\"></span>si </span></span>persisten barreras<span class=\"_ _6\"></span> y si existe suficiente trans<span class=\"_ _6\"></span>parencia en los mercados<span class=\"_ _6\"></span> de PPAs.<span class=\"_ _15\"></span> Ley de Industr<span class=\"_ _6\"></span>ia Net Zero (NZIA)<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span> La <span class=\"_ _15\"></span>Comisi\u00f3n <span class=\"_ _10\"></span>adopt\u00f3 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>manera <span class=\"_ _10\"></span>definitiva, <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>27 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>mayo <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024, <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Ley <span class=\"_ _10\"></span>sobre <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Indus<span class=\"_ _6\"></span>tria <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Cero <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>misiones<span class=\"_ _6\"></span> Netas <span class=\"_ _e\"></span>(NZ<span class=\"_ _6\"></span>IA), <span class=\"_ _e\"></span>posicionan<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Uni\u00f3n <span class=\"_ _e\"></span>Eu<span class=\"_ _6\"></span>ropea <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>camino <span class=\"_ _e\"></span>adecuado para <span class=\"_ _a\"></span>forta<span class=\"_ _6\"></span>lecer <span class=\"_ _e\"></span>sus <span class=\"_ _e\"></span>capacidad<span class=\"_ _6\"></span>es <span class=\"_ _e\"></span>nacion<span class=\"_ _6\"></span>ales en <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>fabricaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>tecnolog\u00edas <span class=\"_ _0\"></span>limpias <span class=\"_ _0\"></span>clave. <span class=\"_ _0\"></span>Al <span class=\"_ _10\"></span>crear <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>ento<span class=\"_ _6\"></span>rno <span class=\"_ _0\"></span>empresarial <span class=\"_ _10\"></span>unificado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>predecible <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>el sector de <span class=\"_ _6\"></span>fabricaci\u00f3n <span class=\"_ _6\"></span>de te<span class=\"_ _6\"></span>cnolog\u00edas <span class=\"_ _6\"></span>limpias, la <span class=\"_ _6\"></span>NZIA <span class=\"_ _6\"></span>contribu<span class=\"_ _6\"></span>ir\u00e1 a <span class=\"_ _6\"></span>aumentar <span class=\"_ _6\"></span>la competiti<span class=\"_ _6\"></span>vidad <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>la resiliencia <span class=\"_ _6\"></span>de la <span class=\"_ _e\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>industrial <span class=\"_ _e\"></span>de la<span class=\"_ _e\"></span> UE, <span class=\"_ _a\"></span>adem\u00e1s <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>fomentar <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>creaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>empleos <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>calidad<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _e\"></span>mano <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>obra <span class=\"_ _e\"></span>cualificad<span class=\"_ _6\"></span>a. Las tecno<span class=\"_ _6\"></span>log\u00edas es<span class=\"_ _6\"></span>trat\u00e9gicas N<span class=\"_ _6\"></span>et-Zero<span class=\"_ _6\"></span> y <span class=\"_ _6\"></span>sus<span class=\"_ _6\"></span> componentes<span class=\"_ _6\"></span> recibir\u00e1<span class=\"_ _6\"></span>n un<span class=\"_ _6\"></span> apo<span class=\"_ _6\"></span>yo esp<span class=\"_ _6\"></span>ecial, me<span class=\"_ _6\"></span>diante la <span class=\"_ _6\"></span>introd<span class=\"_ _6\"></span>ucci\u00f3n de <span class=\"_ _15\"></span>l\u00edmites <span class=\"_ _10\"></span>temporales <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>proceso<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>concesi\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ermisos <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>priorizan<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>proyectos <span class=\"_ _10\"></span>estrat\u00e9gicos <span class=\"_ _15\"></span>N<span class=\"_ _6\"></span>et<span class=\"_ _15\"></span>-<span class=\"_ _33\"> </span>Zero. El objetivo es acercarse o <span class=\"_ _1\"></span>alcanzar, en conjunto<span class=\"_ _6\"></span>, al m<span class=\"_ _1\"></span>enos el 40% <span class=\"_ _1\"></span>de las necesidades anuales de despliegue de tecnolog\u00edas estrat\u00e9gicas N<span class=\"_ _6\"></span>et-Zero <span class=\"_ _6\"></span>fabricadas en la<span class=\"_ _6\"></span> UE para 2030.<span class=\"_ _6\"></span> La <span class=\"_ _15\"></span>industria <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pulpa <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>papel <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>encu<span class=\"_ _6\"></span>entra <span class=\"_ _15\"></span>dentro <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u00e1mbito <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>aplicaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>NZIA <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _0\"></span>medida <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>las instalaciones <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>pulpa <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>papel <span class=\"_ _18\"> </span>pro<span class=\"_ _6\"></span>duzcan <span class=\"_ _18\"> </span>compo<span class=\"_ _6\"></span>nentes <span class=\"_ _18\"> </span>espec\u00edficos <span class=\"_ _18\"> </span>u<span class=\"_ _6\"></span>tilizados <span class=\"_ _1e\"> </span>principalmente, <span class=\"_ _18\"> </span>aunque <span class=\"_ _18\"> </span>n<span class=\"_ _6\"></span>o exclusivamente, <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>cad<span class=\"_ _6\"></span>ena <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>suministro <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>tecno<span class=\"_ _6\"></span>log\u00edas d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>cero <span class=\"_ _6\"></span>emisiones<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>netas <span class=\"_ _15\"></span>(seg\u00fan <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>establecido <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el considerando <span class=\"_ _18\"> </span>9a). <span class=\"_ _18\"> </span>Dichos <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>roy<span class=\"_ _6\"></span>ectos, <span class=\"_ _18\"> </span>denominados <span class=\"_ _18\"> </span>\"proy<span class=\"_ _6\"></span>ectos <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>descarbonizaci\u00f3n <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>industrias<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>con <span class=\"_ _18\"> </span>uso intensivo de <span class=\"_ _e\"></span>energ\u00eda\", podr\u00edan <span class=\"_ _e\"></span>b<span class=\"_ _6\"></span>eneficiarse <span class=\"_ _1\"></span>del mismo <span class=\"_ _e\"></span>trata<span class=\"_ _6\"></span>miento <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>rivilegiado que <span class=\"_ _e\"></span>los \"proyectos de <span class=\"_ _e\"></span>fabricaci\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _12\"> </span>tecnolog\u00edas<span class=\"_ _6\"></span>  de <span class=\"_ _12\"> </span>cero  emisiones <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>etas\" <span class=\"_ _12\"> </span>(art<span class=\"_ _6\"></span>\u00edculo <span class=\"_ _1a\"> </span>3,  punto <span class=\"_ _12\"> </span>d).  Esto  incluir\u00eda,  por <span class=\"_ _12\"> </span>ejemplo,  procedimientos simplificados de concesi\u00f3n<span class=\"_ _6\"></span> de p<span class=\"_ _6\"></span>ermisos, que no d<span class=\"_ _6\"></span>eber\u00edan superar los 12<span class=\"_ _15\"></span>-18 meses.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">\"Por 'proyectos de descarbonizaci\u00f3n de industrias con <span class=\"_ _e\"></span>us<span class=\"_ _6\"></span>o intensivo de <span class=\"_ _1\"></span>energ\u00eda' (art\u00edculo 3, punto d<span class=\"_ _1\"></span> bis) </span></span>se <span class=\"_ _e\"></span>entiende <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>construcci\u00f3n o <span class=\"_ _e\"></span>conversi\u00f3n de <span class=\"_ _a\"></span>una instalaci\u00f3n <span class=\"_ _e\"></span>comercial <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>una empresa <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>uso<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>intensiv<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>energ<span class=\"_ _6\"></span>\u00eda, <span class=\"_ _15\"></span>incluso <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ector <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pulpa <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>pap<span class=\"_ _6\"></span>el, <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>for<span class=\"_ _6\"></span>me <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>te <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>cad<span class=\"_ _6\"></span>ena <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>suminis<span class=\"_ _6\"></span>tro <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>una tecnolog\u00eda  de <span class=\"_ _11\"> </span>c<span class=\"_ _6\"></span>ero <span class=\"_ _12\"> </span>e<span class=\"_ _6\"></span>misiones<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>netas<span class=\"_ _6\"></span> <span class=\"_ _1a\"> </span>y <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>eba <span class=\"_ _12\"> </span>redu<span class=\"_ _6\"></span>cir <span class=\"_ _12\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>ta<span class=\"_ _6\"></span>sas <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>emisi\u00f3n  de <span class=\"_ _12\"> </span>CO2<span class=\"_ _6\"></span> <span class=\"_ _1a\"> </span>mediante <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span> modificaci\u00f3n significativa <span class=\"_ _e\"></span>y permanente <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>procesos<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>industriales, de <span class=\"_ _e\"></span>manera <span class=\"_ _1\"></span>t\u00e9cnicamente factible.\"<span class=\"_ _6\"></span> Espa\u00f1a En <span class=\"_ _0\"></span>fecha <span class=\"_ _10\"></span>12 <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>julio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2013, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>pub<span class=\"_ _6\"></span>lic\u00f3 <span class=\"_ _10\"></span>el <span class=\"_ _11\"></span><span class=\"ff3\">Real <span class=\"_ _10\"></span>Decreto<span class=\"_ _6\"></span>-ley <span class=\"_ _10\"></span>9/2013</span>, <span class=\"_ _0\"></span>mediante <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>cual <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>adoptaron <span class=\"_ _0\"></span>medidas urgentes <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span>objetivo <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>garantizar <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>estabilidad <span class=\"_ _11\"></span>financiera <span class=\"_ _0\"></span>del <span class=\"_ _11\"> </span>sistema <span class=\"_ _11\"> </span>el\u00e9ctrico. <span class=\"_ _11\"> </span>Dicha <span class=\"_ _11\"> </span>norma <span class=\"_ _11\"></span>introdujo modificaciones su<span class=\"_ _6\"></span>stanciales en el marco ju<span class=\"_ _6\"></span>r\u00eddico y econ<span class=\"_ _6\"></span>\u00f3mico aplicab<span class=\"_ _6\"></span>le, derogando, entre o<span class=\"_ _6\"></span>tros, el Real Decr<span class=\"_ _6\"></span>eto 661/2007, <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>25 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>mayo,<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Real <span class=\"_ _15\"></span>De<span class=\"_ _6\"></span>creto <span class=\"_ _15\"></span>6<span class=\"_ _6\"></span>/2009,<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>30 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>abril, <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>esta<span class=\"_ _6\"></span>blec\u00edan <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>r\u00e9gimen <span class=\"_ _10\"></span>retributivo <span class=\"_ _10\"></span>de apoyo <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>energ\u00edas <span class=\"_ _11\"> </span>renovables. <span class=\"_ _12\"> </span>Como <span class=\"_ _11\"> </span>consecuenc<span class=\"_ _6\"></span>ia, <span class=\"_ _11\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>insta<span class=\"_ _6\"></span>laciones <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>producci\u00f3n <span class=\"_ _11\"> </span>el\u00e9ctrica <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _11\"> </span>en Espa\u00f1a quedar<span class=\"_ _6\"></span>on sujetas a las disp<span class=\"_ _6\"></span>osiciones del nu<span class=\"_ _6\"></span>evo r\u00e9gimen regulatorio.<span class=\"_ _6\"></span> Este <span class=\"_ _6\"></span>marco <span class=\"_ _6\"></span>normativo <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>tableci\u00f3 qu<span class=\"_ _6\"></span>e, ad<span class=\"_ _6\"></span>em\u00e1s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>venta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>generada <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de mercado, las insta<span class=\"_ _6\"></span>laciones pueden percibir un<span class=\"_ _6\"></span>a retribuci\u00f3n espec\u00edfica co<span class=\"_ _6\"></span>mpuesta por <span class=\"_ _6\"></span>dos conceptos:<span class=\"_ _15\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Retribuci\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>inversi\u00f3n<span class=\"_ _6\"></span><span class=\"ff4\">, <span class=\"_ _6\"></span>calculada <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>cubrir <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>costes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>inversi\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e u<span class=\"_ _6\"></span>na <span class=\"_ _6\"></span>instalaci\u00f3n <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>no </span></span></span>puedan ser recuperad<span class=\"_ _6\"></span>os a trav\u00e9s de la v<span class=\"_ _6\"></span>enta de energ\u00eda.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Retribuci\u00f3n a <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>operaci\u00f3n<span class=\"_ _6\"></span><span class=\"ff4\">, de<span class=\"_ _1\"></span>stinada a <span class=\"_ _e\"></span>cubrir los <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>tes de <span class=\"_ _e\"></span>explotaci\u00f3n de <span class=\"_ _e\"></span>una em<span class=\"_ _1\"></span>presa eficiente <span class=\"_ _e\"></span>y bien </span></span></span>gestionada, <span class=\"_ _11\"> </span>calculada <span class=\"_ _11\"> </span>como <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>diferencia <span class=\"_ _0\"></span>entre <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>costes <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _11\"> </span>reconocidos <span class=\"_ _11\"> </span>y <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>ingresos obtenidos p<span class=\"_ _6\"></span>or la participaci\u00f3n en el mercad<span class=\"_ _6\"></span>o.<span class=\"_ _6\"></span> Para <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>determinaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>espec\u00edfica, <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>sideran, <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>lo <span class=\"_ _15\"></span>largo <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>vida <span class=\"_ _6\"></span>\u00fatil <span class=\"_ _15\"></span>regulatoria <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>una instalaci\u00f3n  tipo,  los  costes  est\u00e1ndar  de  e<span class=\"_ _1\"></span>xplotaci\u00f3n  y  el <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>alor  est\u00e1ndar  de  la  inversi<span class=\"_ _1\"></span>\u00f3n  inicial  (Valor  Neto Actualizado <span class=\"ff6\">\u2013</span> <span class=\"_ _e\"></span>VNA). Con <span class=\"_ _e\"></span>estos<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>par\u00e1metros, el <span class=\"_ _e\"></span>sistema pretende garantizar <span class=\"_ _e\"></span>que las <span class=\"_ _e\"></span>ins<span class=\"_ _6\"></span>talaciones puedan <span class=\"_ _e\"></span>competir<span class=\"_ _6\"></span> en <span class=\"_ _e\"></span>igua<span class=\"_ _6\"></span>ldad de <span class=\"_ _e\"></span>condiciones con el <span class=\"_ _e\"></span>resto de <span class=\"_ _1\"></span>las tecnolog\u00edas <span class=\"_ _e\"></span>pr<span class=\"_ _6\"></span>esentes e<span class=\"_ _1\"></span>n el <span class=\"_ _e\"></span>mercado, asegurando una <span class=\"_ _e\"></span>renta<span class=\"_ _6\"></span>bilidad razonable. La <span class=\"_ _12\"> </span>renta<span class=\"_ _6\"></span>bilidad  razonable <span class=\"_ _12\"> </span>de <span class=\"_ _1a\"> </span>las  in<span class=\"_ _1\"></span>stalaciones  se <span class=\"_ _12\"> </span>define <span class=\"_ _12\"> </span>tomando  como <span class=\"_ _12\"> </span>referencia,  antes <span class=\"_ _12\"> </span>de  impuestos, <span class=\"_ _12\"> </span>el rendimiento <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>m<span class=\"_ _6\"></span>ercado secundario <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>las Obligaciones <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>diez <span class=\"_ _1\"></span>a\u00f1os, <span class=\"_ _1\"></span>aplicando <span class=\"_ _1\"></span>un dife<span class=\"_ _1\"></span>rencial adecuado. <span class=\"_ _12\"> </span>La <span class=\"_ _11\"> </span>disp<span class=\"_ _6\"></span>osici\u00f3n <span class=\"_ _11\"> </span>adicional <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>rimera <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>Real <span class=\"_ _11\"> </span>De<span class=\"_ _6\"></span>creto-ley <span class=\"_ _12\"> </span>9/2013 <span class=\"_ _12\"> </span>estableci\u00f3 <span class=\"_ _11\"> </span>dic<span class=\"_ _6\"></span>ho <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>iferencial <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>300<span class=\"_ _6\"></span> puntos b\u00e1sicos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>stalaciones <span class=\"_ _1\"></span>acogidas al <span class=\"_ _e\"></span>r\u00e9gimen econ\u00f3mico <span class=\"_ _e\"></span>primado,<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>posibilidad de <span class=\"_ _e\"></span>revisi\u00f3n cada seis a\u00f1os. Posteriormente, <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>10 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>junio<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de 2014<span class=\"_ _1\"></span>, <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>public\u00f3 <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span><span class=\"ff3\">Rea<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>De<span class=\"_ _6\"></span>creto <span class=\"_ _1\"></span>413/2014<span class=\"ff4\">, <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>regula <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>producci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>energ\u00eda </span></span>el\u00e9ctrica <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>partir <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>fuentes <span class=\"_ _15\"></span>r<span class=\"_ _6\"></span>enovables, <span class=\"_ _10\"></span>cogeneraci\u00f3n <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>resid<span class=\"_ _6\"></span>uos. <span class=\"_ _15\"></span>Este <span class=\"_ _10\"></span>Real <span class=\"_ _15\"></span>Decreto <span class=\"_ _10\"></span>estableci\u00f3 <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>metodolog\u00eda del r\u00e9gimen retributivo espec\u00edfico aplicable a aquellas instalaciones que no <span class=\"_ _1\"></span>alcanzaran el <span class=\"_ _1\"></span>nivel m\u00ednimo nec<span class=\"_ _6\"></span>esario para <span class=\"_ _0\"></span>cub<span class=\"_ _6\"></span>rir <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>costes <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>les <span class=\"_ _0\"></span>permitieran <span class=\"_ _11\"></span>competir <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>igualdad<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>con <span class=\"_ _11\"></span>otras <span class=\"_ _0\"></span>tecnolog\u00edas. <span class=\"_ _0\"></span>En <span class=\"_ _11\"></span>desarrollo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>este marco, <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>20 <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>junio <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>2014 <span class=\"_ _12\"> </span>se <span class=\"_ _11\"> </span>pu<span class=\"_ _6\"></span>blic\u00f3 <span class=\"_ _12\"> </span><span class=\"ff3\">la <span class=\"_ _11\"> </span>Orden<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>IET/1045/2014</span><span class=\"ls10\">, <span class=\"_ _12\"> </span></span>que <span class=\"_ _11\"> </span>recoge <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>par\u00e1metros<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>retributivos<span class=\"_ _6\"></span> definitivos aplicables<span class=\"_ _6\"></span> a todas las in<span class=\"_ _6\"></span>stalaciones reno<span class=\"_ _6\"></span>vables, tanto existentes como futu<span class=\"_ _6\"></span>ras.<span class=\"_ _15\"></span> El nuevo s<span class=\"_ _6\"></span>istema retributivo, a<span class=\"_ _6\"></span>plicable con efectos r<span class=\"_ _6\"></span>etroact<span class=\"_ _6\"></span>ivos desd<span class=\"_ _6\"></span>e el 14 de julio d<span class=\"_ _6\"></span>e 2013 como <span class=\"_ _6\"></span>consecuencia del <span class=\"ff3\">Real <span class=\"_ _e\"></span>Decreto<span class=\"_ _6\"></span>-ley 9/2013<span class=\"ff4\">, <span class=\"_ _1\"></span>establece per\u00edodos <span class=\"_ _1\"></span>regulatorios de seis <span class=\"_ _1\"></span>a\u00f1os, <span class=\"_ _1\"></span>con subper\u00edodos <span class=\"_ _1\"></span>de tres <span class=\"_ _e\"></span>a\u00f1<span class=\"_ _6\"></span>os. E<span class=\"_ _1\"></span>n este </span></span>contexto: \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Los <span class=\"_ _6\"></span>par\u00e1metros <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e retrib<span class=\"_ _6\"></span>uci\u00f3n ligad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>previsi\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>precios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>mercado <span class=\"_ _6\"></span>pueden <span class=\"_ _6\"></span>ser <span class=\"_ _6\"></span>revisad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>cada </span></span>tres a\u00f1os, in<span class=\"_ _6\"></span>corporando los desv\u00edos q<span class=\"_ _6\"></span>ue se hayan pro<span class=\"_ _6\"></span>ducido en el subper\u00edodo corres<span class=\"_ _6\"></span>pondiente.<span class=\"_ _15\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Cada <span class=\"_ _1\"></span>seis a\u00f1os <span class=\"_ _e\"></span>pu<span class=\"_ _6\"></span>eden <span class=\"_ _e\"></span>rev<span class=\"_ _6\"></span>isarse <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>par\u00e1metros est\u00e1ndar <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>instalaciones, salvo <span class=\"_ _e\"></span>el valor <span class=\"_ _e\"></span>de inversi\u00f3n </span></span>inicial y la vida <span class=\"_ _6\"></span>\u00fatil regulatoria, que permanecen invar<span class=\"_ _6\"></span>iables a lo largo d<span class=\"_ _6\"></span>e la vida de la in<span class=\"_ _6\"></span>stalaci\u00f3n.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Tambi\u00e9n <span class=\"_ _6\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>seis <span class=\"_ _15\"></span>a\u00f1os <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>uede <span class=\"_ _6\"></span>modificarse <span class=\"_ _10\"></span>el <span class=\"_ _6\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>ter\u00e9s <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>retribuci\u00f3n, <span class=\"_ _15\"></span>aunq<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>\u00fanicamente <span class=\"_ _6\"></span>para<span class=\"_ _6\"></span> </span></span>las retribuciones a<span class=\"_ _6\"></span> futuro. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La <span class=\"_ _0\"></span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>una <span class=\"_ _11\"></span>tecnolog\u00eda <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ependa <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>precios <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>combus<span class=\"_ _6\"></span>tible <span class=\"_ _0\"></span>puede </span></span>ajustarse, co<span class=\"_ _6\"></span>mo m\u00ednimo, una vez al a\u00f1o.<span class=\"_ _6\"></span> El sistema retributiv<span class=\"_ _6\"></span>o se fundamenta en<span class=\"_ _6\"></span> la obtenci\u00f3n d<span class=\"_ _6\"></span>e una rentabilidad<span class=\"_ _6\"></span> razonab<span class=\"_ _6\"></span>le sobre las inversiones. <span class=\"_ _6\"></span>Dicha rentabilidad <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>define <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>media <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>rend<span class=\"_ _6\"></span>imiento <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Obligaciones <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>Estado <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>diez <span class=\"_ _15\"></span>a\u00f1<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el mercado <span class=\"_ _15\"></span>secundar<span class=\"_ _6\"></span>io, <span class=\"_ _15\"></span>calculad<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>re <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>24 <span class=\"_ _15\"></span>meses <span class=\"_ _15\"></span>an<span class=\"_ _6\"></span>teriores <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>mes <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mayo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>previo <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>inicio <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>cada<span class=\"_ _6\"></span> per\u00edodo <span class=\"_ _11\"> </span>regulatorio, <span class=\"_ _11\"> </span>incremen<span class=\"_ _6\"></span>tada <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>un <span class=\"_ _11\"> </span>diferencial. <span class=\"_ _11\"> </span>Para <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>primer <span class=\"_ _11\"></span>per\u00edodo <span class=\"_ _11\"> </span>regulatorio<span class=\"_ _6\"></span>, <span class=\"_ _11\"> </span>finalizado <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>31 <span class=\"_ _11\"></span>de diciembre <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>2019, <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>diferencial <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>estableci\u00f3 <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>300 <span class=\"_ _0\"></span>puntos <span class=\"_ _0\"></span>b<span class=\"_ _6\"></span>\u00e1sicos,<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>lo <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>supuso <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>rentabilidad <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el 7,398% antes de impu<span class=\"_ _6\"></span>estos. La <span class=\"_ _10\"></span>rentabilidad <span class=\"_ _10\"></span>razonable <span class=\"_ _10\"></span>inicial <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>determin\u00f3 <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>partir <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Valor <span class=\"_ _10\"></span>Neto <span class=\"_ _10\"></span>Actualizad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>(VNA) <span class=\"_ _15\"></span>recono<span class=\"_ _6\"></span>cido <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>cada instalaci\u00f3n <span class=\"_ _10\"></span>tipo <span class=\"_ _15\"></span>aco<span class=\"_ _6\"></span>gida <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>r\u00e9gimen <span class=\"_ _6\"></span>espe<span class=\"_ _6\"></span>cial. <span class=\"_ _15\"></span>Una <span class=\"_ _10\"></span>vez <span class=\"_ _15\"></span>fijad<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>los <span class=\"_ _15\"></span>importes <span class=\"_ _10\"></span>correspond<span class=\"_ _6\"></span>ientes <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>VNA <span class=\"_ _10\"></span>inicial <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>los dem\u00e1s <span class=\"_ _0\"></span>par\u00e1metros<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>conte<span class=\"_ _6\"></span>mplado<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>en <span class=\"_ _11\"> </span><span class=\"ff3\">el <span class=\"_ _0\"></span>R<span class=\"_ _6\"></span>eal <span class=\"_ _0\"></span>Decreto<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>413/2014<span class=\"_ _6\"></span></span>, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>procedi\u00f3 <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>c\u00e1lculo <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>retribuci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>la inversi\u00f3n conforme a la meto<span class=\"_ _6\"></span>dolog\u00eda esta<span class=\"_ _6\"></span>blecida en el Anexo VII <span class=\"_ _6\"></span>del citado Real Decreto.<span class=\"_ _15\"></span> En <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>respecta <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>retribuci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>(Ro), <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>conformidad <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>establecid<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Real <span class=\"_ _11\"> </span><span class=\"ff3\">Decreto<span class=\"_ _6\"></span> </span>413/2014<span class=\"ff4\">, <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>deter<span class=\"_ _6\"></span>minaci\u00f3n <span class=\"_ _10\"></span>ex <span class=\"_ _10\"></span>ante <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>retribuci\u00f3n <span class=\"_ _10\"></span>espec\u00edfica <span class=\"_ _15\"></span>ap<span class=\"_ _6\"></span>licable <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>ins<span class=\"_ _6\"></span>talaci\u00f3n <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _10\"></span>cada </span>a\u00f1o <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>semiperiodo <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>regulat<span class=\"_ _6\"></span>orio <span class=\"_ _6\"></span>requiere <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>reali<span class=\"_ _6\"></span>zaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>estimac<span class=\"_ _6\"></span>iones <span class=\"_ _6\"></span>futuras<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>precios <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el mercado <span class=\"_ _6\"></span>el\u00e9ctrico (<span class=\"_ _6\"></span>en adelant<span class=\"_ _6\"></span>e, \"p<span class=\"_ _6\"></span>recio P<span class=\"_ _6\"></span>ool\").<span class=\"_ _6\"></span> Es<span class=\"_ _6\"></span>tas es<span class=\"_ _6\"></span>timaciones s<span class=\"_ _6\"></span>on ob<span class=\"_ _6\"></span>jeto de <span class=\"_ _6\"></span>revisi\u00f3n <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>vez tra<span class=\"_ _6\"></span>nscurridos tres <span class=\"_ _6\"></span>a\u00f1os <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>period<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>regulat<span class=\"_ _6\"></span>orio, <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>decir, <span class=\"_ _6\"></span>al<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>finalizar <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>semipe<span class=\"_ _15\"></span>riodo <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>egulatorio, <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>fin <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cuantif<span class=\"_ _6\"></span>icar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Ro<span class=\"_ _6\"></span> que <span class=\"_ _e\"></span>hab<span class=\"_ _6\"></span>r\u00eda <span class=\"_ _e\"></span>corresp<span class=\"_ _6\"></span>ondido <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>cada <span class=\"_ _1\"></span>a\u00f1o <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>semiperiodo <span class=\"_ _e\"></span>en caso <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>aberse <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>siderado <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>precios del <span class=\"_ _a\"></span>Pool re<span class=\"_ _1\"></span>ales.<span class=\"_ _15\"></span> El <span class=\"_ _12\"> </span>ar<span class=\"_ _6\"></span>t\u00edculo  22 <span class=\"_ _11\"> </span>del  <span class=\"ff3\">Real <span class=\"_ _12\"> </span>Decreto <span class=\"_ _1a\"> </span>413/2014</span>  e<span class=\"_ _1\"></span>stablece  un <span class=\"_ _11\"> </span>mecanismo  de <span class=\"_ _12\"> </span>ajuste  a <span class=\"_ _12\"> </span>aplicar <span class=\"_ _1a\"> </span>al <span class=\"_ _12\"> </span>t\u00e9rmino  de <span class=\"_ _12\"> </span>cada semiperiodo regulatorio. E<span class=\"_ _6\"></span>ste mecanismo de<span class=\"_ _6\"></span>fine unos l\u00edmit<span class=\"_ _6\"></span>es su<span class=\"_ _6\"></span>periores e inferiores en la <span class=\"_ _6\"></span>estimaci\u00f3n del precio<span class=\"_ _6\"></span> Pool <span class=\"_ _e\"></span>con e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>objetivo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>genera<span class=\"_ _6\"></span>r, <span class=\"_ _e\"></span>en c\u00f3mputo <span class=\"_ _a\"></span>an<span class=\"_ _6\"></span>ual, <span class=\"_ _1\"></span>un <span class=\"_ _e\"></span>sald<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>po<span class=\"_ _6\"></span>sitivo <span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>negativo denominad<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>VAJDM. Dicho <span class=\"_ _e\"></span>saldo<span class=\"_ _6\"></span> se compensa a lo <span class=\"_ _6\"></span>largo de la vida \u00fatil d<span class=\"_ _6\"></span>e la instalaci\u00f3n.<span class=\"_ _6\"></span> Concretamente, <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span><span class=\"ff3\">Real <span class=\"_ _12\"> </span>Decreto <span class=\"_ _12\"> </span>413/2014</span> <span class=\"_ _11\"> </span>dis<span class=\"_ _6\"></span>pone, <span class=\"_ _11\"> </span>par<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>cada <span class=\"_ _11\"> </span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>emiperiodo <span class=\"_ _11\"> </span>regulato<span class=\"_ _6\"></span>rio, <span class=\"_ _11\"> </span>dos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>l\u00edmites anuales superiores <span class=\"_ _e\"></span>(LS1 y <span class=\"_ _e\"></span>LS2) y <span class=\"_ _e\"></span>dos l\u00edmites <span class=\"_ _e\"></span>anuales infe<span class=\"_ _1\"></span>riores (LI1 <span class=\"_ _e\"></span>y LI2) <span class=\"_ _e\"></span>respecto al <span class=\"_ _e\"></span>precio <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Pool <span class=\"_ _1\"></span>estimado <span class=\"_ _1\"></span>para el <span class=\"_ _6\"></span>c\u00e1lculo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>retribu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>espec\u00edfica.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>stos <span class=\"_ _15\"></span>l\u00edmites <span class=\"_ _15\"></span>estable<span class=\"_ _6\"></span>cen <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>ban<span class=\"_ _15\"></span>da <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>desv<span class=\"_ _6\"></span>iaci\u00f3n <span class=\"_ _15\"></span>m\u00ednima <span class=\"_ _15\"></span>(compr<span class=\"_ _6\"></span>endida entre LI1 y LS1) <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> una banda de <span class=\"_ _1\"></span>desviaci\u00f3n m\u00e1xima (delimitada entre la banda de desviaci\u00f3n m\u00ednima <span class=\"_ _1\"></span>y los l\u00edmites LI2 y LS2). El c\u00e1lculo del VAJDM d<span class=\"_ _6\"></span>epende de la ubicaci\u00f3n del precio <span class=\"_ _6\"></span>del Poo<span class=\"_ _6\"></span>l final anual respecto a d<span class=\"_ _6\"></span>ichas bandas de desviaci\u00f3n, co<span class=\"_ _6\"></span>nforme a las f\u00f3rmulas es<span class=\"_ _6\"></span>tablecidas en el cit<span class=\"_ _6\"></span>ado Real Decreto.<span class=\"_ _15\"></span> En <span class=\"_ _15\"></span>caso <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>precio <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>Po<span class=\"_ _6\"></span>ol <span class=\"_ _15\"></span>final <span class=\"_ _15\"></span>anual <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>sit\u00fae <span class=\"_ _15\"></span>dentro <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>ban<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>des<span class=\"_ _6\"></span>viaci\u00f3n <span class=\"_ _6\"></span>m\u00ednima, <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>VAJD<span class=\"_ _6\"></span>M <span class=\"_ _15\"></span>ser\u00e1 nulo. Si el precio se encu<span class=\"_ _6\"></span>entra entre las b<span class=\"_ _6\"></span>andas de desviaci\u00f3n m\u00ednima y<span class=\"_ _6\"></span> m\u00e1xima, el VAJDM equ<span class=\"_ _6\"></span>ivaldr\u00e1 a la mitad de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>diferencia <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>l\u00edmites <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>ban<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>desviaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>m\u00ednima <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>final. <span class=\"_ _15\"></span>Finalmente, <span class=\"_ _15\"></span>si <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _6\"></span>del Pool final supera lo<span class=\"_ _6\"></span>s valores l\u00edmite de la band<span class=\"_ _6\"></span>a de<span class=\"_ _6\"></span> desviaci\u00f3n m\u00e1xima,<span class=\"_ _6\"></span> el VAJDM corresp<span class=\"_ _6\"></span>ond<span class=\"_ _6\"></span>er\u00e1 a la totalidad<span class=\"_ _6\"></span> de la <span class=\"_ _6\"></span>diferencia entr<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>l\u00edmites <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>ban<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>desviaci\u00f3n <span class=\"_ _6\"></span>m\u00e1xima <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>final, <span class=\"_ _6\"></span>incre<span class=\"_ _6\"></span>mentada <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>semisuma<span class=\"_ _6\"></span> de los valores q<span class=\"_ _6\"></span>ue delimitan la ban<span class=\"_ _6\"></span>da de desviaci\u00f3n m\u00e1xim<span class=\"_ _6\"></span>a.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>ajuste <span class=\"_ _10\"></span>VAJDM, <span class=\"_ _10\"></span>calculado <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>forme <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>dispu<span class=\"_ _6\"></span>esto <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>art\u00edculo <span class=\"_ _10\"></span>22 <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span><span class=\"ff3\">Real <span class=\"_ _10\"></span>Decre<span class=\"_ _6\"></span>to <span class=\"_ _10\"></span>413/2014</span>, <span class=\"_ _10\"></span>se liquida <span class=\"_ _15\"></span>mediante <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>modificac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>alza <span class=\"_ _15\"></span>o <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>baj<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _10\"></span>retribuci\u00f3n <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>inversi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>(Rinv), <span class=\"_ _15\"></span>aplic\u00e1ndo<span class=\"_ _6\"></span>se esta correcci\u00f3n duran<span class=\"_ _6\"></span>te el periodo d<span class=\"_ _6\"></span>e vida regulatoria restante de la in<span class=\"_ _6\"></span>stalaci\u00f3n.<span class=\"_ _15\"></span> Cuando <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>instalaci\u00f3n h<span class=\"_ _6\"></span>aya alcanzado <span class=\"_ _6\"></span>el final <span class=\"_ _6\"></span>de s<span class=\"_ _6\"></span>u vid<span class=\"_ _6\"></span>a \u00fatil regulatoria, <span class=\"_ _6\"></span>dejar\u00e1 <span class=\"_ _6\"></span>de perci<span class=\"_ _6\"></span>bir tan<span class=\"_ _6\"></span>to la <span class=\"_ _6\"></span>retribuci\u00f3n a la inversi\u00f3n co<span class=\"_ _6\"></span>mo la retribuci\u00f3n a la operaci\u00f3n<span class=\"_ _6\"></span>. No obstante, aquellas<span class=\"_ _6\"></span> instalaciones<span class=\"_ _6\"></span> que, aun dentro de su vid<span class=\"_ _6\"></span>a \u00fatil <span class=\"_ _6\"></span>regulatoria, <span class=\"_ _15\"></span>hayan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al<span class=\"_ _6\"></span>canzado <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>renta<span class=\"_ _6\"></span>bilidad <span class=\"_ _15\"></span>razonable <span class=\"_ _15\"></span>prevista, <span class=\"_ _15\"></span>continuar\u00e1n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>percibiendo <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>retribu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la operaci\u00f3n, pero s<span class=\"_ _6\"></span>u retribuci\u00f3n a la<span class=\"_ _6\"></span> inversi\u00f3n ser\u00e1 igual a <span class=\"_ _6\"></span>cero.<span class=\"_ _6\"></span> El <span class=\"_ _12\"> </span>principio <span class=\"_ _12\"> </span>de  re<span class=\"_ _1\"></span>ntabilidad  r<span class=\"_ _1\"></span>azonable <span class=\"_ _12\"> </span>recogido  e<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Real <span class=\"_ _12\"> </span>Decreto <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>concibe <span class=\"_ _12\"> </span>como  un <span class=\"_ _11\"> </span>u<span class=\"_ _6\"></span>mbral <span class=\"_ _12\"> </span>m\u00ednimo <span class=\"_ _12\"> </span>de rentabilidad, <span class=\"_ _10\"></span>sin <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>temple <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>ob<span class=\"_ _6\"></span>ligaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>evolver <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>comp<span class=\"_ _6\"></span>ensaciones <span class=\"_ _10\"></span>percibidas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>cas<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> rentabilidad obtenida por el titular de la instalaci\u00f3n supere la prevista en la regulaci\u00f3n. No obstante, existen dos excepciones  a <span class=\"_ _12\"> </span>esta <span class=\"_ _12\"> </span>regla:  a) <span class=\"_ _12\"> </span>cuando  la <span class=\"_ _12\"> </span>instalaci\u00f3n <span class=\"_ _12\"> </span>tipo<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>alcanza  el <span class=\"_ _12\"> </span>final  de <span class=\"_ _11\"> </span>su  vida <span class=\"_ _11\"> </span>regulato<span class=\"_ _6\"></span>ria <span class=\"_ _12\"> </span>en  el <span class=\"_ _12\"> </span>\u00faltimo semiperiodo <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>b) cuando <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>produce la <span class=\"_ _e\"></span>salida anticipada <span class=\"_ _1\"></span>del r\u00e9<span class=\"_ _1\"></span>gimen re<span class=\"_ _1\"></span>trib<span class=\"_ _6\"></span>utiv<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>antes de <span class=\"_ _e\"></span>la finalizaci\u00f3n <span class=\"_ _e\"></span>de la <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>ida regulatoria de la insta<span class=\"_ _6\"></span>laci\u00f3n. En es<span class=\"_ _6\"></span>tos casos, el importe m\u00e1x<span class=\"_ _6\"></span>imo de d<span class=\"_ _6\"></span>evoluci\u00f3n se limita<span class=\"_ _6\"></span>r\u00e1 a los s<span class=\"_ _6\"></span>aldos de ajustes negativos generados<span class=\"_ _6\"></span> durante el semiperiodo en<span class=\"_ _6\"></span> el que se den tales circu<span class=\"_ _6\"></span>nstancias<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> En desarrollo del <span class=\"ff3\">Real D<span class=\"_ _1\"></span>ecreto 413/2014<span class=\"ff4\">, la </span>Orden IET/1045/2014<span class=\"ff4\">, de 16 <span class=\"_ _1\"></span>de junio, clasific\u00f3 <span class=\"_ _1\"></span>las instalaciones tipo </span></span>seg\u00fan tecnolog\u00eda, potencia <span class=\"_ _e\"></span>instalad<span class=\"_ _6\"></span>a y <span class=\"_ _e\"></span>a\u00f1o de p<span class=\"_ _1\"></span>uesta en <span class=\"_ _e\"></span>servicio,<span class=\"_ _6\"></span> estableciendo <span class=\"_ _1\"></span>los par\u00e1metros de <span class=\"_ _e\"></span>remuneraci\u00f3n aplicables  a <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>instalacion<span class=\"_ _6\"></span>es  e<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>fun<span class=\"_ _6\"></span>cionamiento.  Posteriormente, <span class=\"_ _12\"> </span>la  <span class=\"ff3\">Orden  ETU/130/2017</span> <span class=\"_ _12\"> </span>actualiz<span class=\"_ _6\"></span>\u00f3 <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>ichos par\u00e1metros para <span class=\"_ _6\"></span>el periodo 2017-2019 y pu<span class=\"_ _6\"></span>blic\u00f3 el Valor de Ajuste por Desv<span class=\"_ _6\"></span>iaciones correspondiente al p<span class=\"_ _6\"></span>eriodo 2014<span class=\"ls0_1\">-</span>2016.<span class=\"ls0_1\"> </span>En <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span><span class=\"ff3\">a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>2015 <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>public\u00f3 <span class=\"_ _10\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>Resoluci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>18 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciemb<span class=\"_ _6\"></span>re <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>2015 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Secretar<span class=\"_ _6\"></span>\u00eda <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>Estado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>Energ\u00eda<span class=\"_ _10\"></span></span><span class=\"ls20\">, </span>mediante <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>cual <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>establecen <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>criterios <span class=\"_ _11\"> </span>para <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>par<span class=\"_ _6\"></span>ticipaci\u00f3n <span class=\"_ _11\"></span>en <span class=\"_ _11\"></span>los <span class=\"_ _11\"> </span>servicios <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>ajuste <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>sistema <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>se aprueban determinados procedimiento<span class=\"_ _6\"></span>s de pruebas y operaci\u00f3n, con el <span class=\"_ _1\"></span>objetivo de adaptarlos a lo dispuesto e<span class=\"_ _1\"></span>n el <span class=\"_ _6\"></span><span class=\"ff3\">Real <span class=\"_ _15\"></span>Decreto <span class=\"_ _15\"></span>413/2014<span class=\"_ _6\"></span></span>, <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>6 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>junio, <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>regula <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>acti<span class=\"_ _6\"></span>vidad <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>prod<span class=\"_ _6\"></span>ucci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>partir <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> fuentes renovables, cogeneraci\u00f3n <span class=\"_ _e\"></span>y residuos. Dicha <span class=\"_ _1\"></span>Resoluci\u00f3n, en <span class=\"_ _e\"></span>vigor desde e<span class=\"_ _1\"></span>l 10 <span class=\"_ _e\"></span>de febre<span class=\"_ _1\"></span>ro de <span class=\"_ _e\"></span>2016, permite la participaci\u00f3<span class=\"_ _6\"></span>n en los <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>de ajus<span class=\"_ _6\"></span>te del sis<span class=\"_ _6\"></span>tema <span class=\"_ _6\"></span>a aquellas <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>renovables que <span class=\"_ _6\"></span>sean <span class=\"_ _6\"></span>consideradas aptas y superen las pruebas de habilitaci\u00f3n exigidas para cada un<span class=\"_ _6\"></span>o de estos servicios, generando as\u00ed los ingresos correspondientes. En <span class=\"_ _a\"></span>este <span class=\"_ _1\"></span>contexto, <span class=\"_ _e\"></span>determinadas<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>insta<span class=\"_ _6\"></span>laciones <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>generaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>energ\u00eda <span class=\"_ _e\"></span>inclui<span class=\"_ _6\"></span>das<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _a\"></span>N<span class=\"_ _6\"></span>egocio de Energ\u00eda <span class=\"_ _e\"></span>Renov<span class=\"_ _6\"></span>able de <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>NCE participan en <span class=\"_ _e\"></span>los Servicios de <span class=\"_ _e\"></span>Ajuste del Sistema <span class=\"_ _e\"></span>El\u00e9<span class=\"_ _6\"></span>ctrico, conforme <span class=\"_ _e\"></span>a lo regulado en los <span class=\"ff3\">Proc<span class=\"_ _6\"></span>edimientos Operativos 7.2 y 7.3 de R<span class=\"_ _6\"></span>ed El\u00e9ctr<span class=\"_ _6\"></span>ica de Espa\u00f1a.<span class=\"_ _6\"></span> </span>Asimismo, <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span><span class=\"ff3\">Orden <span class=\"_ _15\"></span>IET/1345/2015</span>, <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>2 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>julio, <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span>blece <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>metodo<span class=\"_ _6\"></span>log\u00eda <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>actualizaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>retribu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>a la <span class=\"_ _1e\"> </span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>para <span class=\"_ _17\"> </span>aquellas <span class=\"_ _1e\"> </span>in<span class=\"_ _6\"></span>stalaciones <span class=\"_ _17\"> </span>sujetas <span class=\"_ _17\"> </span>a <span class=\"_ _1e\"> </span>un <span class=\"_ _17\"> </span>r\u00e9gimen <span class=\"_ _1e\"> </span>retribu<span class=\"_ _6\"></span>tivo <span class=\"_ _17\"> </span>espec\u00edfico, <span class=\"_ _17\"> </span>fijando <span class=\"_ _17\"> </span>los <span class=\"_ _1e\"> </span>valores correspondientes <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>egundo <span class=\"_ _6\"></span>semestre <span class=\"_ _6\"></span>natura<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>2015, <span class=\"_ _15\"></span>resultantes <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>aplicaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>dicha <span class=\"_ _15\"></span>metodolog\u00eda a las insta<span class=\"_ _6\"></span>laciones tipo a las que resulte de ap<span class=\"_ _6\"></span>licaci\u00f3n.<span class=\"_ _6\"></span> Por otra parte, el <span class=\"_ _6\"></span><span class=\"ff3\">Real Decreto<span class=\"_ _6\"></span>-ley 15/2018</span>, de 5 d<span class=\"_ _6\"></span>e octubre, de medidas<span class=\"_ _6\"></span> urgentes para <span class=\"_ _6\"></span>la transici\u00f3n en<span class=\"_ _6\"></span>erg\u00e9tica y la protecci\u00f3n d<span class=\"_ _6\"></span>e los consu<span class=\"_ _6\"></span>midores, incluy\u00f3 dos disposiciones con<span class=\"_ _6\"></span> impacto en ENCE<span class=\"_ _6\"></span>:<span class=\"_ _6\"></span> 1.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff6\">La exoneraci\u00f3n<span class=\"_ _6\"></span> del \u201cImpu<span class=\"_ _6\"></span>esto s<span class=\"_ _6\"></span>obre el Valor d<span class=\"_ _6\"></span>e la Producci\u00f3n<span class=\"_ _6\"></span> de Energ\u00eda El\u00e9ctri<span class=\"_ _6\"></span>ca\u201d durante u<span class=\"_ _6\"></span>n periodo </span></span>de seis meses (octubre d<span class=\"_ _6\"></span>e 2018 <span class=\"ff6\">\u2013</span> marzo<span class=\"_ _6\"></span> de 2019).<span class=\"_ _6\"></span> 2.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">La <span class=\"_ _10\"></span>modificaci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Ley <span class=\"_ _15\"></span>3<span class=\"_ _6\"></span>8/1992, <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>28 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre, <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>Impu<span class=\"_ _6\"></span>estos <span class=\"_ _10\"></span>Especiales, <span class=\"_ _15\"></span>media<span class=\"_ _6\"></span>nte <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>cual <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e </span></span>eximi\u00f3 <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>Impuesto <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>Hidrocarburos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>productos <span class=\"_ _10\"></span>energ\u00e9ticos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>estinados <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e electricidad. En <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u00e1mbito <span class=\"_ _6\"></span>tarifario, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span><span class=\"ff3\">Ord<span class=\"_ _6\"></span>en IE<span class=\"_ _6\"></span>T/2735/2015</span>, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>17 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre, <span class=\"_ _6\"></span>establece <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>peajes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acceso <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>energ\u00eda el\u00e9ctrica  para  el  ejercicio <span class=\"_ _12\"> </span>20<span class=\"_ _6\"></span>16  y  aprueba  determinados  par\u00e1metros  retributivos  para  las  i<span class=\"_ _1\"></span>nstalaciones  de producci\u00f3n de energ\u00eda el<span class=\"_ _6\"></span>\u00e9ctrica a partir <span class=\"_ _6\"></span>de fuentes renovables, cogeneraci\u00f3n y<span class=\"_ _6\"></span> resid<span class=\"_ _15\"></span>uos. Posteriormente, <span class=\"_ _12\"> </span>distintas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>\u00f3<span class=\"_ _6\"></span>rdenes <span class=\"_ _12\"> </span>ministeriales <span class=\"_ _12\"> </span>han<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>fijad<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>valores <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>retribuci\u00f3n <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>operaci\u00f3n <span class=\"_ _12\"> </span>para sucesivos p<span class=\"_ _6\"></span>eriodos: \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Orden IET/1209/2016, <span class=\"_ _6\"></span>de 20 de julio: s<span class=\"_ _6\"></span>egundo semestre de<span class=\"_ _6\"></span> 2016.<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Orden ETU/1046/2017, d<span class=\"_ _6\"></span>e 27 de octub<span class=\"_ _6\"></span>re: segundo semestr<span class=\"_ _6\"></span>e de 2017.<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Orden ETU/360/2018, d<span class=\"_ _6\"></span>e 6 de abril: p<span class=\"_ _6\"></span>rimer semestre de 201<span class=\"_ _6\"></span>8.<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Orden TEC/427/2019, d<span class=\"_ _6\"></span>e 5 de abril: s<span class=\"_ _6\"></span>egundo semestre de 2<span class=\"_ _6\"></span>018.<span class=\"_ _6\"></span> </span></span>Finalmente, <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span><span class=\"ff3\">R<span class=\"_ _6\"></span>eal <span class=\"_ _6\"></span>Decr<span class=\"_ _6\"></span>eto-ley <span class=\"_ _15\"></span>17/2019</span>, <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>22 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>nov<span class=\"_ _6\"></span>iembre, <span class=\"_ _6\"></span>estab<span class=\"_ _6\"></span>lece <span class=\"_ _6\"></span>medidas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>rgentes <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>adaptaci\u00f3n de <span class=\"_ _6\"></span>par\u00e1metros <span class=\"_ _6\"></span>retrib<span class=\"_ _6\"></span>utivos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>sis<span class=\"_ _6\"></span>tema <span class=\"_ _6\"></span>el\u00e9ctrico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>abord<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>proceso <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cie<span class=\"_ _6\"></span>rre d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>central<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>t\u00e9rmicas <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e generaci\u00f3n. <span class=\"_ _15\"></span>En <span class=\"_ _10\"></span>este <span class=\"_ _10\"></span>sentido, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>fija <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>7,09<span class=\"_ _6\"></span>% <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>valor <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>renta<span class=\"_ _6\"></span>bilidad<span class=\"_ _15\"></span> <span class=\"_ _15\"></span>razo<span class=\"_ _6\"></span>nable <span class=\"_ _15\"></span>ap<span class=\"_ _6\"></span>licable <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>c\u00e1l<span class=\"_ _6\"></span>culo <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la retribuci\u00f3n e<span class=\"_ _1\"></span>spec\u00edfica para <span class=\"_ _e\"></span>el periodo <span class=\"_ _e\"></span>regulat<span class=\"_ _6\"></span>orio <span class=\"_ _1\"></span>2020<span class=\"_ _6\"></span>-2025. No <span class=\"_ _e\"></span>obsta<span class=\"_ _6\"></span>nte, de <span class=\"_ _e\"></span>manera <span class=\"_ _1\"></span>excepcional, se <span class=\"_ _e\"></span>contempla<span class=\"_ _6\"></span> la <span class=\"_ _1\"></span>posibilidad de <span class=\"_ _e\"></span>mantener el <span class=\"_ _e\"></span>valor actual <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>7,398% para <span class=\"_ _e\"></span>el periodo comprendido <span class=\"_ _e\"></span>entre 2020 <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>2031 <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>aquellas instalaciones <span class=\"_ _6\"></span>que conta<span class=\"_ _6\"></span>ban con retribu<span class=\"_ _6\"></span>ci\u00f3n p<span class=\"_ _6\"></span>rimada a la <span class=\"_ _6\"></span>entrada en vigor <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Real Decreto<span class=\"_ _15\"></span>-ley 9/2013, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>12 de julio, <span class=\"_ _11\"> </span>siempre <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>cumplan <span class=\"_ _12\"> </span>ciertos <span class=\"_ _11\"> </span>requis<span class=\"_ _6\"></span>itos. <span class=\"_ _11\"> </span>Todas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>in<span class=\"_ _6\"></span>stalaciones <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>ENCE<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>sujetas <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>retrib<span class=\"_ _6\"></span>uci<span class=\"_ _15\"></span>\u00f3n <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>la inversi\u00f3n se a<span class=\"_ _6\"></span>cogen a la rentabilidad del 7,398%.<span class=\"_ _6\"></span> En noviembre de 2019, <span class=\"_ _1\"></span>se public\u00f3 la <span class=\"ff3\">Circular 4/2019</span>, mediante la cual se <span class=\"_ _1\"></span>modifica la metodolog\u00eda de retribuci\u00f3n del operador del sis<span class=\"_ _6\"></span>tema el\u00e9ctrico, as<span class=\"_ _6\"></span>\u00ed como los precios a<span class=\"_ _6\"></span> repercutir a los agentes<span class=\"_ _6\"></span> para su<span class=\"_ _6\"></span> financiaci\u00f3n.<span class=\"_ _15\"></span> Posteriormente, <span class=\"_ _11\"> </span>con <span class=\"_ _12\"> </span>fecha <span class=\"_ _12\"> </span>24 <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>enero <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>2020, <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span><span class=\"ff3\">Co<span class=\"_ _6\"></span>misi\u00f3n <span class=\"_ _11\"> </span>Nacional <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>M<span class=\"_ _6\"></span>ercados <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>Comp<span class=\"_ _6\"></span>etencia </span>(CNMC)<span class=\"ff4\"> <span class=\"_ _10\"></span>public\u00f3 <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span></span>Circular <span class=\"_ _15\"></span>3/2020<span class=\"ff4\">, <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>estab<span class=\"_ _6\"></span>lece <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>metodolog\u00eda <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>c\u00e1lculo <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _15\"></span>peajes <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>transporte <span class=\"_ _15\"></span>y </span>distribuci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>electricid<span class=\"_ _6\"></span>ad, <span class=\"_ _15\"></span>suprimiendo, <span class=\"_ _15\"></span>ad<span class=\"_ _6\"></span>em\u00e1s, <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>peaje <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>generaci\u00f3n <span class=\"_ _15\"></span>vigente <span class=\"_ _15\"></span>hasta<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ese <span class=\"_ _6\"></span>mo<span class=\"_ _6\"></span>mento, <span class=\"_ _15\"></span>fijado<span class=\"_ _6\"></span> en 0,5 \u20ac/MWh.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>Asimismo,  la <span class=\"_ _12\"> </span><span class=\"ff3\">Or<span class=\"_ _6\"></span>den  TED/171/2020</span> <span class=\"_ _1a\"> </span>revis\u00f3  los  par\u00e1metros <span class=\"_ _12\"> </span>retribu<span class=\"_ _6\"></span>tivos  para <span class=\"_ _12\"> </span>la  estimaci\u00f3n  de <span class=\"_ _12\"> </span>la  retribuci\u00f3n regulada <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>energ\u00edas <span class=\"_ _15\"></span>reno<span class=\"_ _6\"></span>vables <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>cogeneraci\u00f3n <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>eriodo <span class=\"_ _15\"></span>regulatorio <span class=\"_ _15\"></span>2020<span class=\"_ _15\"></span>-2022, <span class=\"_ _15\"></span>estableci<span class=\"_ _6\"></span>endo <span class=\"_ _15\"></span>el Valor de Ajuste por Desviacion<span class=\"_ _6\"></span>es<span class=\"ff4\"> corres<span class=\"_ _6\"></span>pondiente al periodo 2017<span class=\"_ _6\"></span>-2019. Entre las<span class=\"_ _6\"></span> modificaciones introdu<span class=\"_ _6\"></span>cidas, </span>cabe destacar <span class=\"_ _1\"></span>el incre<span class=\"_ _1\"></span>mento de <span class=\"_ _1\"></span>las horas equi<span class=\"_ _1\"></span>valentes de <span class=\"_ _1\"></span>funcionamiento para las <span class=\"_ _e\"></span>ins<span class=\"_ _6\"></span>talaciones de <span class=\"_ _e\"></span>biomas<span class=\"_ _6\"></span>a, que pasaron d<span class=\"_ _6\"></span>e 6.500 a 7.500 horas.<span class=\"_ _6\"></span> En <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>\u00e1mbito <span class=\"_ _15\"></span>legislativo, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span><span class=\"ff3\">Real <span class=\"_ _15\"></span>Decreto<span class=\"_ _6\"></span>-ley <span class=\"_ _15\"></span>23/2020</span> <span class=\"_ _10\"></span>recon<span class=\"_ _6\"></span>oci\u00f3 <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>papel <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>electrificaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>necesidad<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de garantizar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>equilibrio <span class=\"_ _0\"></span>financiero <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>sector, <span class=\"_ _0\"></span>estableciendo<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>conjun<span class=\"_ _6\"></span>to <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>medidas <span class=\"_ _0\"></span>orientadas <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>impuls<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>la transici\u00f3n energ\u00e9tica. En<span class=\"_ _6\"></span> lo que respecta a la<span class=\"_ _6\"></span>s energ\u00edas renovab<span class=\"_ _6\"></span>les, esta no<span class=\"_ _6\"></span>rma: 1.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Introd<span class=\"_ _6\"></span>ujo medidas p<span class=\"_ _6\"></span>ara gestionar el elevado volu<span class=\"_ _6\"></span>men de solicitudes d<span class=\"_ _6\"></span>e acceso a la red.<span class=\"_ _15\"></span> </span></span>2.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Simplific\u00f3 los<span class=\"_ _6\"></span> procedimientos a<span class=\"_ _6\"></span>dministrativos<span class=\"_ _6\"></span>. </span></span>3.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Permiti\u00f3 <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>revis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>la <span class=\"_ _1e\"> </span>planificaci\u00f3n <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _18\"> </span>transporte <span class=\"_ _1e\"> </span>para <span class=\"_ _18\"> </span>facilitar <span class=\"_ _1e\"> </span>la <span class=\"_ _18\"> </span>conexi\u00f3n <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>instalacion<span class=\"_ _6\"></span>es </span></span>estrat\u00e9gicas para la <span class=\"_ _6\"></span>transici\u00f3n energ\u00e9tica.<span class=\"_ _6\"></span> 4.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Habilit\u00f3 la<span class=\"_ _6\"></span> hibridaci\u00f3n d<span class=\"_ _6\"></span>e tecnolog\u00edas.<span class=\"_ _6\"></span> </span></span>5.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff4\">Cre\u00f3 un <span class=\"_ _1\"></span>nuevo modelo <span class=\"_ _1\"></span>regulado de retribuci\u00f3n <span class=\"_ _1\"></span>para las <span class=\"_ _e\"></span>subastas de <span class=\"_ _1\"></span>energ\u00edas renovables, <span class=\"_ _e\"></span>determinando<span class=\"_ _6\"></span> </span></span>que <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>retribuci\u00f3n <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>las <span class=\"_ _18\"> </span>nuevas <span class=\"_ _18\"> </span>instalaciones <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>fijar\u00e1 <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>trav\u00e9s <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>un  p<span class=\"_ _6\"></span>roceso <span class=\"_ _18\"> </span>de  con<span class=\"_ _6\"></span>currencia competitiva. En <span class=\"_ _6\"></span>desarrollo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>normativa, <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span><span class=\"ff3\">Orden <span class=\"_ _6\"></span>TED/668/2020</span>, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>17 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ju<span class=\"_ _6\"></span>lio, <span class=\"_ _6\"></span>estableci\u00f3 los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>par\u00e1metros <span class=\"_ _6\"></span>retributivos aplicables <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>comp<span class=\"_ _6\"></span>rend<span class=\"_ _6\"></span>ido <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>octubre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>2018 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>30 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e ju<span class=\"_ _6\"></span>nio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2019, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>cumpli<span class=\"_ _6\"></span>miento <span class=\"_ _6\"></span>de la disposici\u00f3n adicional octava <span class=\"_ _e\"></span>del <span class=\"ff3\">Real Decreto-ley 15/2018, de <span class=\"_ _1\"></span>5 de <span class=\"_ _1\"></span>octubre<span class=\"_ _6\"></span><span class=\"ff4\">, as\u00ed como <span class=\"_ _e\"></span>la revisi\u00f3n de los <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>alores </span></span>de retribuci\u00f3n a la o<span class=\"_ _6\"></span>peraci\u00f3n correspon<span class=\"_ _6\"></span>dientes al primer semestre n<span class=\"_ _6\"></span>atural de 2019.<span class=\"_ _15\"></span> En <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>oviembre <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>2020, <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>aprob<span class=\"_ _6\"></span>\u00f3 <span class=\"_ _e\"></span>el <span class=\"ff3\">Real <span class=\"_ _a\"></span>Decr<span class=\"_ _6\"></span>eto <span class=\"_ _e\"></span>960/2020<span class=\"ff4\">,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>que <span class=\"_ _1\"></span>regula <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>r\u00e9gimen <span class=\"_ _1\"></span>jur\u00eddico <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>econ\u00f3mico <span class=\"_ _1\"></span>aplicable </span></span>a <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>el\u00e9ctrica <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>artir <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>fuentes <span class=\"_ _e\"></span>r<span class=\"_ _6\"></span>enovables,<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>basado <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>recono<span class=\"_ _6\"></span>cimiento a largo plazo d<span class=\"_ _6\"></span>e un precio por la energ\u00eda gen<span class=\"_ _6\"></span>erada.<span class=\"_ _6\"></span> El <span class=\"_ _12\"> </span>marco <span class=\"_ _11\"> </span>retribu<span class=\"_ _6\"></span>tivo <span class=\"_ _12\"> </span>establecido <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>esta <span class=\"_ _12\"> </span>norma, <span class=\"_ _12\"> </span>denominad<span class=\"_ _6\"></span>o  <span class=\"ff3\">R\u00e9gimen <span class=\"_ _11\"> </span>Econ\u00f3mico <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>Ener<span class=\"_ _6\"></span>g\u00edas <span class=\"_ _11\"> </span>Renovables<span class=\"_ _6\"></span> </span>(REER)<span class=\"ff4\">, se aplica <span class=\"_ _6\"></span>a instalaciones cuy<span class=\"_ _6\"></span>a fuente primaria sea la<span class=\"_ _6\"></span> energ\u00eda solar, e\u00f3lica, g<span class=\"_ _6\"></span>eot\u00e9rmica o h<span class=\"_ _6\"></span>idrot\u00e9rmica, as<span class=\"_ _6\"></span>\u00ed </span>como  a  determinadas<span class=\"_ _6\"></span>  centrales  hidroel\u00e9ctricas  y  de  generaci\u00f3n  mediante  biomas<span class=\"_ _6\"></span>a,  incluy\u00e9ndo<span class=\"_ _6\"></span>se  tambi\u00e9n aquellas que combin<span class=\"_ _6\"></span>an diferentes t<span class=\"_ _6\"></span>ecnolog\u00edas <span class=\"_ _6\"></span>o que incorporan<span class=\"_ _6\"></span> sistemas de a<span class=\"_ _6\"></span>lmacenamiento.<span class=\"_ _6\"></span> La percepci\u00f3n de los derechos econ<span class=\"_ _6\"></span>\u00f3micos derivados<span class=\"_ _6\"></span> del <span class=\"ff3\">REER</span> <span class=\"_ _6\"></span>se articula a trav\u00e9s de un mecanismo de subasta, siendo requ<span class=\"_ _6\"></span>isito <span class=\"_ _6\"></span>indispensab<span class=\"_ _6\"></span>le que las<span class=\"_ _6\"></span> insta<span class=\"_ _6\"></span>laciones b<span class=\"_ _6\"></span>eneficiarias <span class=\"_ _6\"></span>resulten <span class=\"_ _6\"></span>de u<span class=\"_ _6\"></span>na n<span class=\"_ _6\"></span>ueva <span class=\"_ _6\"></span>inversi\u00f3n <span class=\"_ _6\"></span>realizada <span class=\"_ _6\"></span>con posterioridad <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>adjudicaci\u00f3n. <span class=\"_ _1e\"> </span>En <span class=\"_ _1e\"> </span>el <span class=\"_ _18\"> </span>cas<span class=\"_ _6\"></span>o <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>reexistentes <span class=\"_ _18\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _18\"> </span>realic<span class=\"_ _6\"></span>en <span class=\"_ _18\"> </span>modif<span class=\"_ _15\"></span>icac<span class=\"_ _6\"></span>iones <span class=\"_ _1e\"> </span>o ampliaciones, podr\u00e1n acogerse a este r\u00e9gimen exclusivamente en la parte correspondiente a la nueva inversi\u00f3n, siempre <span class=\"_ _18\"> </span>que <span class=\"_ _18\"> </span>esta <span class=\"_ _1e\"> </span>sea <span class=\"_ _18\"> </span>cuantificable <span class=\"_ _18\"> </span>mediante <span class=\"_ _18\"> </span>s<span class=\"_ _6\"></span>istemas <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>medici\u00f3n <span class=\"_ _18\"> </span>espec\u00edfico<span class=\"_ _15\"></span>s. <span class=\"_ _18\"> </span>Como <span class=\"_ _1e\"> </span>norma <span class=\"_ _18\"> </span>general, <span class=\"_ _18\"> </span>la percepci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _11\"> </span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>ser\u00e1 <span class=\"_ _0\"></span>incompatib<span class=\"_ _6\"></span>le <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>otros <span class=\"_ _0\"></span>reg\u00edmen<span class=\"_ _6\"></span>es <span class=\"_ _11\"></span>retributivos <span class=\"_ _11\"></span>espec\u00edficos <span class=\"_ _0\"></span>o <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>ayudas otorgadas p<span class=\"_ _6\"></span>ara la misma finalidad<span class=\"_ _6\"></span> e inversi\u00f3n.<span class=\"_ _6\"></span> Por <span class=\"_ _15\"></span>orden <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span><span class=\"ff3\">Ministra <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Transici\u00f3n <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>col\u00f3gica <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>R<span class=\"_ _6\"></span>eto <span class=\"_ _15\"></span>Demo<span class=\"_ _6\"></span>gr\u00e1fico<span class=\"_ _6\"></span></span>, <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>establecer\u00e1 <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>mecan<span class=\"_ _6\"></span>ismo <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> subasta <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>asigna<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span><span class=\"ff3\">REER</span>, <span class=\"_ _6\"></span>determinan<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tecnolog\u00edas <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>mitidas, <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>requisitos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>ticipaci\u00f3n, <span class=\"_ _15\"></span>el producto <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sub<span class=\"_ _6\"></span>astar <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>par\u00e1metros <span class=\"_ _0\"></span>espec\u00edficos <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>r\u00e9gi<span class=\"_ _6\"></span>men. <span class=\"_ _0\"></span>La <span class=\"_ _0\"></span>adjudicaci\u00f3n <span class=\"_ _11\"></span>se <span class=\"_ _10\"></span>llevar\u00e1 <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>cabo <span class=\"_ _0\"></span>mediante <span class=\"_ _0\"></span>el procedimiento <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>sub<span class=\"_ _6\"></span>asta <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>sobre <span class=\"_ _15\"></span>cerrado, <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>asado <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>mecanismo <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>pa<span class=\"_ _15\"></span>go <span class=\"_ _6\"></span>seg\u00fan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>oferta, <span class=\"_ _15\"></span>donde <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>producto objeto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>subas<span class=\"_ _6\"></span>ta <span class=\"_ _0\"></span>podr\u00e1 <span class=\"_ _0\"></span>consistir <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>otencia <span class=\"_ _0\"></span>instalad<span class=\"_ _6\"></span>a, <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _10\"></span>el<span class=\"_ _6\"></span>\u00e9ctrica <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>u<span class=\"_ _15\"></span>na <span class=\"_ _0\"></span>combi<span class=\"_ _6\"></span>naci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ambas<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la variable de oferta se expresar<span class=\"_ _6\"></span>\u00e1 en t\u00e9rminos<span class=\"_ _6\"></span> de precio por unid<span class=\"_ _6\"></span>ad de energ\u00eda el\u00e9ctrica (\u20ac/<span class=\"_ _6\"></span>MWh).<span class=\"_ _6\"></span><span class=\"ff4\"> </span>En d<span class=\"_ _6\"></span>iciembre de 2020 <span class=\"_ _6\"></span>se pu<span class=\"_ _6\"></span>blic\u00f3 la <span class=\"_ _15\"></span><span class=\"ff3\">Orden TED/1161/2020<span class=\"_ _6\"></span></span>, <span class=\"_ _6\"></span>de 4 <span class=\"_ _6\"></span>de diciembre, <span class=\"_ _6\"></span>por la <span class=\"_ _6\"></span>que se <span class=\"_ _6\"></span>establece el <span class=\"_ _6\"></span>primer mecanismo de subasta para la concesi\u00f3n del r\u00e9gimen econ\u00f3mico de energ\u00edas renovables, as\u00ed como el calendario<span class=\"_ _6\"></span> indicativo para <span class=\"_ _6\"></span>el per\u00edodo 2020-202<span class=\"_ _6\"></span>5, fijando un o<span class=\"_ _6\"></span>bjetivo m\u00ednimo de 3.000 M<span class=\"_ _6\"></span>W para dicho<span class=\"_ _6\"></span> a\u00f1o.<span class=\"_ _6\"></span> El <span class=\"_ _12\"> </span>Real <span class=\"_ _12\"> </span>Decreto<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>1106/2020<span class=\"ff4\">, <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>15  de <span class=\"_ _11\"> </span>diciembre, <span class=\"_ _12\"> </span>regula <span class=\"_ _1a\"> </span>el <span class=\"_ _12\"> </span>Estatuto <span class=\"_ _1a\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>consumidores  e<span class=\"_ _1\"></span>lectrointensivos,<span class=\"_ _6\"></span> </span>definiendo <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>requisitos <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>procedimiento <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>obtenci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>certificado<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>sumidor <span class=\"_ _10\"></span>electrointensivo.<span class=\"_ _6\"></span> Este <span class=\"_ _15\"></span>certificado, <span class=\"_ _10\"></span>obtenido <span class=\"_ _10\"></span>por <span class=\"_ _15\"></span>las <span class=\"_ _10\"></span>dos <span class=\"_ _15\"></span>biof\u00e1bricas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>Grupo, <span class=\"_ _10\"></span>per<span class=\"_ _6\"></span>mite <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>acceso <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _10\"></span>ayudas <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>mecanismo <span class=\"_ _15\"></span>de compensaci\u00f3n contemplad<span class=\"_ _6\"></span>as en el T\u00edtulo III d<span class=\"_ _6\"></span>e dicho Real Decreto.<span class=\"_ _15\"></span> El <span class=\"ff3\">Real <span class=\"_ _e\"></span>Decr<span class=\"_ _6\"></span>eto 1055/2014<span class=\"ff4\">, <span class=\"_ _1\"></span>de 12 <span class=\"_ _1\"></span>de diciembre, <span class=\"_ _1\"></span>estableci\u00f3 un mecanismo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e compensaci\u00f3n de <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>tes destinado </span></span>a determinados s<span class=\"_ _6\"></span>ectores industria<span class=\"_ _6\"></span>les, proporcionan<span class=\"_ _6\"></span>do cobertura al Negocio <span class=\"_ _6\"></span>Celulosa.<span class=\"_ _6\"></span> La <span class=\"_ _15\"></span><span class=\"ff3\">Resoluc<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>18 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>marzo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>2021, <span class=\"_ _15\"></span>emitida <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Comisi\u00f3n <span class=\"_ _10\"></span>Nacional <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>Mercados <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Competencia </span>(CNMC)<span class=\"ff4\">, fij\u00f3 <span class=\"_ _1\"></span>los valores de <span class=\"_ _e\"></span>los peajes de acceso <span class=\"_ _1\"></span>a las <span class=\"_ _1\"></span>redes de <span class=\"_ _1\"></span>transporte y distribuci\u00f3n de e<span class=\"_ _1\"></span>lectricidad aplicables </span>a <span class=\"_ _15\"></span>partir <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>1 <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>jun<span class=\"_ _6\"></span>io <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>2021. <span class=\"_ _15\"></span>Posteriormente, <span class=\"_ _15\"></span>mediante <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>Resoluci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>16 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>diciembre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>2021, <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>CNMC determin\u00f3 los valores d<span class=\"_ _6\"></span>e los peajes d<span class=\"_ _6\"></span>e acceso vigentes des<span class=\"_ _6\"></span>de el 1 de enero d<span class=\"_ _6\"></span>e 2022.<span class=\"_ _6\"></span> En <span class=\"_ _12\"> </span>cuanto <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>retribuci\u00f3n <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>operaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>Ord<span class=\"_ _6\"></span>en <span class=\"_ _1a\"> </span><span class=\"ff3\">TED/257/2021</span>, <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>1<span class=\"_ _6\"></span>8 <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>marzo, <span class=\"_ _12\"> </span>estableci\u00f3 <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>valo<span class=\"_ _6\"></span>res correspondientes <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>segundo semestre <span class=\"_ _6\"></span>natural <span class=\"_ _6\"></span>del a\u00f1<span class=\"_ _6\"></span>o 2019. <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _6\"></span>la Ord<span class=\"_ _6\"></span>en TED<span class=\"_ _6\"></span>/371/2021, d<span class=\"_ _6\"></span>e 19 <span class=\"_ _6\"></span>de ab<span class=\"_ _6\"></span>ril, fij\u00f3 los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>precios <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>cargos <span class=\"_ _6\"></span>del s<span class=\"_ _6\"></span>istema <span class=\"_ _6\"></span>el\u00e9ctrico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>pagos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>capacidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>aplicables <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>partir <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>1<span class=\"_ _15\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>junio de <span class=\"_ _e\"></span>2021, m<span class=\"_ _1\"></span>ientras que <span class=\"_ _a\"></span>la <span class=\"ff3\">Orden <span class=\"_ _e\"></span>TE<span class=\"_ _6\"></span>D/1484/2021<span class=\"ff4\">, de <span class=\"_ _e\"></span>28 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>diciembr<span class=\"_ _6\"></span>e, <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span>fini\u00f3 <span class=\"_ _e\"></span>los precios <span class=\"_ _a\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>cargo<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>siste<span class=\"_ _6\"></span>ma </span></span>el\u00e9ctrico y diversos<span class=\"_ _6\"></span> costes regulados d<span class=\"_ _6\"></span>el sistema para el ejercicio 20<span class=\"_ _6\"></span>22.<span class=\"_ _6\"></span> La <span class=\"_ _1\"></span><span class=\"ff3\">Resoluci\u00f3n de <span class=\"_ _e\"></span>25 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>mar<span class=\"_ _6\"></span>zo <span class=\"_ _e\"></span>de 2021<span class=\"ff4\">, <span class=\"_ _e\"></span>emitida de <span class=\"_ _e\"></span>forma <span class=\"_ _1\"></span>conjunta por <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Direcci\u00f3n General <span class=\"_ _e\"></span>de Pol\u00edtica <span class=\"_ _e\"></span>Energ\u00e9tica<span class=\"_ _6\"></span> </span></span>y Minas<span class=\"_ _6\"></span> y <span class=\"_ _6\"></span>la Oficina <span class=\"_ _6\"></span>Espa\u00f1<span class=\"_ _6\"></span>ola de Cambio <span class=\"_ _6\"></span>Clim\u00e1tico, <span class=\"_ _6\"></span>public\u00f3 <span class=\"_ _6\"></span>el Acuerdo <span class=\"_ _6\"></span>del Con<span class=\"_ _6\"></span>sejo d<span class=\"_ _6\"></span>e Minis<span class=\"_ _6\"></span>tros <span class=\"_ _6\"></span>de 16 <span class=\"_ _6\"></span>de marzo de <span class=\"_ _6\"></span>2021, <span class=\"_ _15\"></span>mediante <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>cual <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>ap<span class=\"_ _6\"></span>rob\u00f3 <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _15\"></span>final <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Plan<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Nacional<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Integrado <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>Clima <span class=\"_ _15\"></span>2021-2<span class=\"_ _6\"></span>030 (PNIEC). <span class=\"_ _10\"></span>Este <span class=\"_ _10\"></span>plan <span class=\"_ _10\"></span>establece <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>iguientes <span class=\"_ _10\"></span>objetivos <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>2030: <span class=\"_ _10\"></span>redu<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>23% <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>emisiones <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> gases <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>efecto <span class=\"_ _6\"></span>invernadero <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>especto <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>niv<span class=\"_ _6\"></span>eles d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>1990, u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>42% <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>participaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00edas <span class=\"_ _6\"></span>renovables <span class=\"_ _6\"></span>en el <span class=\"_ _15\"></span>cons<span class=\"_ _6\"></span>umo <span class=\"_ _10\"></span>final <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>energ\u00eda, <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>mejora <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>39,5% <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>eficiencia <span class=\"_ _10\"></span>energ\u00e9tica, <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>74% <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>generaci\u00f3n <span class=\"_ _10\"></span>el\u00e9ctrica <span class=\"_ _10\"></span>a partir <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>energ\u00edas <span class=\"_ _6\"></span>renov<span class=\"_ _6\"></span>ables <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>incorporaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>6 <span class=\"_ _15\"></span>GW <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>nueva <span class=\"_ _15\"></span>capacidad <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>almace<span class=\"_ _6\"></span>namiento. <span class=\"_ _6\"></span>Ad<span class=\"_ _6\"></span>em\u00e1s, <span class=\"_ _15\"></span>se fija un calendario de <span class=\"_ _1\"></span>cierre progresivo para la<span class=\"_ _1\"></span>s centrales nucleare<span class=\"_ _1\"></span>s y se establece como <span class=\"_ _1\"></span>meta la incorporaci\u00f3n de 5 millones de veh\u00edculos el\u00e9<span class=\"_ _6\"></span>ctricos en<span class=\"_ _6\"></span> 2030. En l\u00ednea <span class=\"_ _e\"></span>con e<span class=\"_ _1\"></span>stos <span class=\"_ _1\"></span>objetivos<span class=\"_ _6\"></span><span class=\"ff3\">, <span class=\"_ _e\"></span>la Ley <span class=\"_ _e\"></span>7/2021<span class=\"ff4\">, de <span class=\"_ _e\"></span>20 <span class=\"_ _1\"></span>de m<span class=\"_ _1\"></span>ayo, d<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>Cambio Clim\u00e1tico <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>Transici\u00f3n Energ\u00e9tica, <span class=\"_ _e\"></span>refuerza<span class=\"_ _6\"></span> </span></span>los <span class=\"_ _12\"> </span>compromisos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>PN<span class=\"_ _6\"></span>IEC, <span class=\"_ _1a\"> </span>con <span class=\"_ _12\"> </span>una  revisi\u00f3n <span class=\"_ _12\"> </span>prevista <span class=\"_ _1a\"> </span>en <span class=\"_ _12\"> </span>2023 <span class=\"_ _12\"> </span>que<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>solo  perm<span class=\"_ _1\"></span>itir\u00e1 <span class=\"_ _1a\"> </span>su <span class=\"_ _12\"> </span>modifica<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>alz<span class=\"_ _6\"></span>a. Asimismo, <span class=\"_ _0\"></span>intro<span class=\"_ _6\"></span>duce <span class=\"_ _0\"></span>mecanismos <span class=\"_ _11\"></span>para <span class=\"_ _0\"></span>fortalecer <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>los <span class=\"_ _0\"></span>consumido<span class=\"_ _6\"></span>res <span class=\"_ _0\"></span>en <span class=\"_ _11\"> </span>el <span class=\"_ _0\"></span>sector <span class=\"_ _0\"></span>el\u00e9ctrico<span class=\"_ _6\"></span>, fomentar <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>inversi\u00f3n <span class=\"_ _1c\"> </span>en <span class=\"_ _1e\"> </span>energ\u00edas<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>renovables, <span class=\"_ _17\"> </span>p<span class=\"_ _6\"></span>otenciar <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>generaci\u00f3n <span class=\"_ _17\"> </span>dis<span class=\"_ _6\"></span>tribuida <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>el <span class=\"_ _17\"> </span>almacenami<span class=\"_ _6\"></span>ento energ\u00e9tico,  optimizar <span class=\"_ _18\"> </span>el  uso  de  las<span class=\"_ _6\"></span>  redes  el\u00e9ctri<span class=\"_ _6\"></span>cas  y <span class=\"_ _18\"> </span>promover  el  desarrollo <span class=\"_ _18\"> </span>de  ce<span class=\"_ _15\"></span>ntrales <span class=\"_ _18\"> </span>hidroel\u00e9ctricas reversibles. <span class=\"_ _10\"></span>Tambi\u00e9n <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>cons<span class=\"_ _6\"></span>olida <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>aportaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>4<span class=\"_ _6\"></span>50 <span class=\"_ _10\"></span>millones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>euros <span class=\"_ _10\"></span>prov<span class=\"_ _6\"></span>enientes <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>subas<span class=\"_ _6\"></span>tas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>CO\u2082 <span class=\"_ _10\"></span>al sector el\u00e9ctrico y s<span class=\"_ _6\"></span>e impulsa la electrificaci\u00f3n y<span class=\"_ _6\"></span> el desarrollo d<span class=\"_ _6\"></span>e sistemas d<span class=\"_ _6\"></span>e calefacci\u00f3n con emisiones n<span class=\"_ _6\"></span>ulas.<span class=\"_ _6\"></span> En <span class=\"_ _15\"></span>materia <span class=\"_ _15\"></span>fiscal, <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span><span class=\"ff3\">Real <span class=\"_ _15\"></span>Decreto<span class=\"_ _6\"></span>-ley <span class=\"_ _6\"></span>12/202<span class=\"_ _6\"></span>1</span>, <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>24 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>junio, <span class=\"_ _15\"></span>estab<span class=\"_ _6\"></span>leci\u00f3 <span class=\"_ _6\"></span>medidas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>urgentes <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>\u00e1mbito <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la fiscalidad energ\u00e9tica, incluyendo la suspensi\u00f3n del Impuesto sobre el Valor <span class=\"_ _1\"></span>de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica (7%) <span class=\"_ _15\"></span>duran<span class=\"_ _6\"></span>te <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>tercer <span class=\"_ _15\"></span>tri<span class=\"_ _6\"></span>mestre <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>2021.<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Posteriorm<span class=\"_ _6\"></span>ente, <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span><span class=\"ff3\">Real <span class=\"_ _10\"></span>Decreto<span class=\"_ _6\"></span>-ley <span class=\"_ _15\"></span>17/<span class=\"_ _6\"></span>2021</span>, <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>14 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>septie<span class=\"_ _6\"></span>mbre, prorrog\u00f3 <span class=\"_ _6\"></span>dicha <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>uspensi\u00f3n <span class=\"_ _6\"></span>hasta <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e 2<span class=\"_ _6\"></span>021 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>redu<span class=\"_ _6\"></span>jo <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Impuesto <span class=\"_ _6\"></span>Especial <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>lectricidad del 5,11% al <span class=\"_ _1\"></span>0,5%, fijando tipos m\u00ednimos de 0,5 \u20ac/MWh para consumido<span class=\"_ _6\"></span>res industriales y 1 \u20ac/MWh para el <span class=\"_ _1\"></span>resto de <span class=\"_ _0\"></span>consu<span class=\"_ _6\"></span>midores. <span class=\"_ _0\"></span>M<span class=\"_ _6\"></span>ediante <span class=\"_ _11\"></span>sucesivas <span class=\"_ _11\"></span>pr\u00f3rrogas, <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>Real <span class=\"_ _0\"></span>Decreto<span class=\"_ _15\"></span>-ley <span class=\"_ _0\"></span>11/2<span class=\"_ _6\"></span>022 <span class=\"_ _11\"></span>extendi\u00f3 <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>aplicaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _11\"> </span>tipo reducido del Impuesto E<span class=\"_ _6\"></span>special sob<span class=\"_ _6\"></span>re la Electricidad al 0,5%<span class=\"_ _6\"></span> hasta el 31 d<span class=\"_ _6\"></span>e diciembre de 2022.<span class=\"_ _15\"></span> E<span class=\"ls18\">l  </span><span class=\"ff3\">Real <span class=\"_ _12\"> </span>Decr<span class=\"_ _6\"></span>eto  148/2021</span>  e<span class=\"_ _1\"></span>stablece  la <span class=\"_ _12\"> </span>metodolog\u00eda  para  la  asignaci\u00f3n <span class=\"_ _12\"> </span>de  los  cargos <span class=\"_ _12\"> </span>as<span class=\"_ _6\"></span>ociados  al <span class=\"_ _12\"> </span>sistema el\u00e9ctrico, <span class=\"_ _12\"> </span>incluyendo <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>primas <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>energ\u00edas <span class=\"_ _12\"> </span>renovab<span class=\"_ _6\"></span>les, <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>d\u00e9ficits <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>tarifa <span class=\"_ _12\"> </span>hist\u00f3ricos <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>sob<span class=\"_ _6\"></span>recostes derivados <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>istemas <span class=\"_ _10\"></span>extrapeninsu<span class=\"_ _6\"></span>lares. <span class=\"_ _10\"></span>Dicha <span class=\"_ _0\"></span>asignaci\u00f3n <span class=\"_ _10\"></span>se<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>realiza <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>funci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>otencia <span class=\"_ _10\"></span>contra<span class=\"_ _6\"></span>tada (expresada <span class=\"_ _12\"> </span>en  \u20ac/kW) <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>energ\u00eda <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>sumida <span class=\"_ _12\"> </span>(expresa<span class=\"_ _6\"></span>da  e<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>\u20ac/kWh).  Este <span class=\"_ _11\"> </span>real <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>ecreto <span class=\"_ _12\"> </span>complementa <span class=\"_ _12\"> </span>la metodolog\u00eda <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>c\u00e1lcu<span class=\"_ _6\"></span>lo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>peajes<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>transp<span class=\"_ _6\"></span>orte <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>distribu<span class=\"_ _6\"></span>ci\u00f3n, <span class=\"_ _0\"></span>determinada <span class=\"_ _10\"></span>p<span class=\"_ _15\"></span>or <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> redes <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>ejercicio, <span class=\"_ _6\"></span>cuya <span class=\"_ _6\"></span>regulaci\u00f3n <span class=\"_ _6\"></span>corres<span class=\"_ _6\"></span>ponde <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Comisi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Nacional <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>Mercad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Competencia (CNMC) <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>fue <span class=\"_ _10\"></span>aprob<span class=\"_ _6\"></span>ada <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>enero <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2020. <span class=\"_ _0\"></span>Ambas <span class=\"_ _10\"></span>m<span class=\"_ _6\"></span>etodolog\u00edas <span class=\"_ _0\"></span>pueden <span class=\"_ _10\"></span>ser <span class=\"_ _10\"></span>ob<span class=\"_ _6\"></span>jeto <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>revis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _10\"></span>cada <span class=\"_ _0\"></span>seis a\u00f1os, <span class=\"_ _1a\"> </span>pudi\u00e9ndose <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>tablecer <span class=\"_ _12\"> </span>un<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>per\u00edodo  de <span class=\"_ _11\"> </span>hasta<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>cuatro  a\u00f1os <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>la  aplicaci\u00f3n <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>rogresiva <span class=\"_ _12\"> </span>de  los <span class=\"_ _11\"> </span>precio<span class=\"_ _6\"></span>s resultantes de las<span class=\"_ _6\"></span> nuevas metodolog\u00edas<span class=\"_ _6\"></span>. Por otro <span class=\"_ _6\"></span>lado, <span class=\"_ _6\"></span>el <span class=\"ff3\">Real <span class=\"_ _6\"></span>Decreto-ley 6/20<span class=\"_ _6\"></span>22</span>, d<span class=\"_ _6\"></span>e 29 d<span class=\"_ _6\"></span>e marzo, mediante <span class=\"_ _6\"></span>el cual <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>adoptan medidas <span class=\"_ _6\"></span>urgentes <span class=\"_ _6\"></span>en el contexto <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Plan<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>Nacion<span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>resp<span class=\"_ _6\"></span>uesta <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>consecuencias <span class=\"_ _10\"></span>econ\u00f3<span class=\"_ _6\"></span>micas <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>sociales <span class=\"_ _0\"></span>derivadas <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>flicto <span class=\"_ _10\"></span>en Ucrania (en adelante, \"RD<span class=\"_ _6\"></span>L 6/2022\"), intro<span class=\"_ _6\"></span>duce diversas<span class=\"_ _6\"></span> disposiciones d<span class=\"_ _6\"></span>e impac<span class=\"_ _6\"></span>to en el sector energ<span class=\"_ _6\"></span>\u00e9tico. Entre ellas, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>incluyen <span class=\"_ _1\"></span>medidas <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>agiliza<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>i<span class=\"_ _6\"></span>mplantaci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>proyectos <span class=\"_ _1\"></span>de <span class=\"_ _a\"></span>g<span class=\"_ _6\"></span>eneraci\u00f3n <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>renovable,<span class=\"_ _6\"></span> disposiciones<span class=\"_ _6\"></span> fiscales orientadas<span class=\"_ _6\"></span> a mitigar la escalada <span class=\"_ _6\"></span>de precios<span class=\"_ _15\"></span> de la electricid<span class=\"_ _6\"></span>ad, tales <span class=\"_ _6\"></span>como la pr\u00f3rroga <span class=\"_ _6\"></span>hasta<span class=\"_ _6\"></span> el <span class=\"_ _15\"></span>30 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>junio <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>2<span class=\"_ _6\"></span>022 <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>suspens<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>impues<span class=\"_ _6\"></span>to <span class=\"_ _15\"></span>sob<span class=\"_ _6\"></span>re <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>valor <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>prod<span class=\"_ _6\"></span>ucci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _10\"></span>el\u00e9ctrica <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>la aplicaci\u00f3n  de  tipos  reducidos  del  impuesto  sobre  el <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>alor  a\u00f1adido  (IVA)  y <span class=\"_ _1a\"> </span>del  impuesto  especial<span class=\"_ _6\"></span>  sobre  la electricidad <span class=\"_ _1b\"> </span>hasta <span class=\"_ _1b\"> </span>la <span class=\"_ _1c\"> </span>misma <span class=\"_ _1b\"> </span>fecha. <span class=\"_ _1b\"> </span>Asimismo, <span class=\"_ _1b\"> </span>se <span class=\"_ _1c\"> </span>establecen <span class=\"_ _1b\"> </span>mecanismos <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>apoyo <span class=\"_ _1b\"> </span>para <span class=\"_ _1b\"> </span>garantizar <span class=\"_ _1b\"> </span>la competitividad <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>industria <span class=\"_ _10\"></span>electrointensiva <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>l\u00edneas <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>ay<span class=\"_ _6\"></span>uda <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>industria<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>gas<span class=\"_ _6\"></span>-intensiva,<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>trav\u00e9s <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la concesi\u00f3n de cr\u00e9ditos<span class=\"_ _6\"></span> extraordin<span class=\"_ _6\"></span>arios<span class=\"_ _6\"></span> destinados a fin<span class=\"_ _6\"></span>anciar la compensaci\u00f3n de p<span class=\"_ _6\"></span>eajes. En relaci\u00f3n con el b<span class=\"_ _6\"></span>ono social, se establece que ser\u00e1 as<span class=\"_ _6\"></span>umido por los agentes del sector <span class=\"_ _6\"></span>el\u00e9ctrico que participen<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>actividades <span class=\"_ _6\"></span>vin<span class=\"_ _6\"></span>culadas <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>suminis<span class=\"_ _6\"></span>tro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>(produ<span class=\"_ _6\"></span>cci\u00f3n, <span class=\"_ _6\"></span>tran<span class=\"_ _6\"></span>sporte, <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>tribuci\u00f3n <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>comercializaci\u00f3n), <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed como por <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>consumidores <span class=\"_ _6\"></span>di<span class=\"_ _6\"></span>rectos en <span class=\"_ _6\"></span>mercado. <span class=\"_ _6\"></span>Adicional<span class=\"_ _6\"></span>mente, se <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span>blece la o<span class=\"_ _6\"></span>bligaci\u00f3n <span class=\"_ _6\"></span>de redu<span class=\"_ _6\"></span>cci\u00f3n de <span class=\"_ _6\"></span>la intensidad de emisiones de gases de ef<span class=\"_ _1\"></span>ecto invernadero durante el ciclo de vida de <span class=\"_ _1\"></span>los combustibles, adem\u00e1s de modificaciones en div<span class=\"_ _6\"></span>ersas normativas<span class=\"_ _6\"></span> sectoriales.<span class=\"_ _6\"></span> Dentro <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>medidas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>mayor <span class=\"_ _0\"></span>impacto <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>actividad<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>ENCE, <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span><span class=\"ff3\">RDL <span class=\"_ _10\"></span>6/2022</span> <span class=\"_ _0\"></span>dispon<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>revisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los par\u00e1metros retributiv<span class=\"_ _6\"></span>os establecidos en la <span class=\"_ _6\"></span><span class=\"ff3\">Ord<span class=\"_ _6\"></span>en TED/171/2020</span>, d<span class=\"_ _6\"></span>e 24 de febrero, con lo<span class=\"_ _6\"></span>s siguient<span class=\"_ _6\"></span>es criterios:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>optar\u00e1n <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>ip\u00f3tesis <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>c\u00e1lculo <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>valo<span class=\"_ _6\"></span>res <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>par\u00e1met<span class=\"_ _6\"></span>ros <span class=\"_ _15\"></span>vigentes <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>f<span class=\"_ _6\"></span>echa <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>entra<span class=\"_ _6\"></span>da <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>vigor </span></span>del RDL 6/2022, con exc<span class=\"_ _6\"></span>epci\u00f3n d<span class=\"_ _6\"></span>e la estimaci\u00f3n de ingresos<span class=\"_ _6\"></span> por la venta<span class=\"_ _6\"></span> de energ\u00eda durante el resto de<span class=\"_ _6\"></span> la vida <span class=\"_ _1\"></span>\u00fatil, la <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>al se <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>alorar\u00e1 al precio <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el mercado. Asimismo, se ajustar\u00e1n los <span class=\"_ _1\"></span>par\u00e1metros retributivos directamente relacionad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>y, en el <span class=\"_ _6\"></span>caso <span class=\"_ _6\"></span>de instalacion<span class=\"_ _6\"></span>es cuyo <span class=\"_ _6\"></span>coste d<span class=\"_ _6\"></span>e explotaci\u00f3n d<span class=\"_ _6\"></span>ependa <span class=\"_ _6\"></span>del precio del combustible, se actu<span class=\"_ _6\"></span>alizar\u00e1 el valor d<span class=\"_ _6\"></span>el mismo y el precio de los<span class=\"_ _6\"></span> derechos de emisi\u00f3n d<span class=\"_ _6\"></span>e CO2.<span class=\"_ _15\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La <span class=\"_ _e\"></span>estimaci\u00f3n del <span class=\"_ _a\"></span>pr<span class=\"_ _6\"></span>ecio <span class=\"_ _e\"></span>de mercado <span class=\"_ _e\"></span>para <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>futu<span class=\"_ _6\"></span>ros <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>gresos <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>explotaci\u00f3n se <span class=\"_ _a\"></span>calcular\u00e1 como <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>media </span></span>aritm\u00e9tica de las cotizaciones<span class=\"_ _6\"></span> de los co<span class=\"_ _6\"></span>ntratos d<span class=\"_ _6\"></span>e futuros anuales negociados<span class=\"_ _6\"></span> en el mercad<span class=\"_ _6\"></span>o de futuros de electricidad (O<span class=\"_ _6\"></span>MIP) entre <span class=\"_ _6\"></span>el 1 de jun<span class=\"_ _6\"></span>io y el 3<span class=\"_ _6\"></span>0 de<span class=\"_ _6\"></span> noviembre del<span class=\"_ _6\"></span> a\u00f1o previo <span class=\"_ _6\"></span>al inicio <span class=\"_ _6\"></span>del semiperiodo<span class=\"_ _6\"></span> considerado.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La <span class=\"_ _10\"></span>es<span class=\"_ _6\"></span>timaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>l<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>combustibles <span class=\"_ _0\"></span>f\u00f3siles <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>dos <span class=\"_ _0\"></span>semestres <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>determinar\u00e1<span class=\"_ _6\"></span> </span></span>conforme a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>variaciones <span class=\"_ _6\"></span>se<span class=\"_ _6\"></span>mestrales del<span class=\"_ _6\"></span> coste <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>materias <span class=\"_ _6\"></span>primas <span class=\"_ _6\"></span>y, <span class=\"_ _6\"></span>en su<span class=\"_ _6\"></span> caso, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los p<span class=\"_ _6\"></span>eajes de<span class=\"_ _6\"></span> acceso seg\u00fan la Ord<span class=\"_ _6\"></span>en IET/1345/2015, d<span class=\"_ _6\"></span>e 2 de julio.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">El <span class=\"_ _e\"></span>semiperiodo re<span class=\"_ _1\"></span>gulatorio <span class=\"_ _1\"></span>2020-2022 <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>desglosa en <span class=\"_ _a\"></span>dos <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ubperiodos: <span class=\"_ _e\"></span>2020<span class=\"_ _6\"></span>-2021 <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>2022. <span class=\"_ _e\"></span>Pa<span class=\"_ _6\"></span>ra <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>c\u00e1lcu<span class=\"_ _6\"></span>lo </span></span>del valor de ajuste por desviaciones en <span class=\"_ _1\"></span>el precio del mercado, se f<span class=\"_ _1\"></span>ijan los valores de precio medio <span class=\"_ _1\"></span>anual<span class=\"_ _6\"></span> del mercado en <span class=\"_ _1\"></span>33,94 \u20ac/MWh para 2020 y 111,90 \u20ac<span class=\"ff4\">/MWh para 2021, los cuales <span class=\"_ _1\"></span>ser\u00e1n ajustados con los </span>coeficientes de apun<span class=\"_ _6\"></span>tamiento corresp<span class=\"_ _6\"></span>ondientes a cad<span class=\"_ _6\"></span>a tecnolog\u00eda.<span class=\"_ _6\"></span> Adicionalmente, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span><span class=\"ff3\">RDL <span class=\"_ _6\"></span>6/202<span class=\"_ _6\"></span>2</span> <span class=\"_ _6\"></span>establece <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>mandat<span class=\"_ _6\"></span>o par<span class=\"_ _6\"></span>a la <span class=\"_ _6\"></span>pu<span class=\"_ _6\"></span>blicaci\u00f3n <span class=\"_ _6\"></span>de u<span class=\"_ _6\"></span>na Ord<span class=\"_ _6\"></span>en Minis<span class=\"_ _6\"></span>terial en <span class=\"_ _15\"></span>un p<span class=\"_ _6\"></span>lazo inferior a dos meses desde <span class=\"_ _1\"></span>su promulgaci\u00f3n<span class=\"_ _6\"></span>, con el fin de <span class=\"_ _1\"></span>definir los par\u00e1metros retributivos de las instalaciones tipo <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>nuevo <span class=\"_ _11\"></span>semiperiodo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2022. <span class=\"_ _0\"></span>Entre <span class=\"_ _0\"></span>las <span class=\"_ _11\"></span>medidas <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _11\"> </span>relevantes<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>puesta <span class=\"_ _0\"></span>normativ<span class=\"_ _6\"></span>a, <span class=\"_ _0\"></span>se establece <span class=\"_ _0\"></span>un <span class=\"_ _11\"></span>precio <span class=\"_ _0\"></span>regulado<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>mercado <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>2022 <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>121,92 <span class=\"_ _11\"></span>\u20ac/MWh, <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _11\"></span>como <span class=\"_ _0\"></span>nuevas <span class=\"_ _11\"></span>bandas <span class=\"_ _0\"></span>superior <span class=\"_ _11\"></span>e inferior <span class=\"_ _6\"></span>aplicables. <span class=\"_ _15\"></span>Asimismo, <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>incorp<span class=\"_ _6\"></span>ora <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>coeficiente <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>untamiento <span class=\"_ _15\"></span>espec\u00edfi<span class=\"_ _6\"></span>co <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>cada <span class=\"_ _15\"></span>instalaci\u00f3n <span class=\"_ _15\"></span>tipo <span class=\"_ _6\"></span>y los nuevos<span class=\"_ _6\"></span> valores de retribuci\u00f3n a<span class=\"_ _6\"></span> la inversi\u00f3n aplicables<span class=\"_ _6\"></span> en dicho ejercicio.<span class=\"_ _15\"></span> El  <span class=\"ff3\">Real  Decreto<span class=\"_ _6\"></span>-ley  10/2022</span>,  d<span class=\"_ _6\"></span>e  13  de  mayo,  in<span class=\"_ _6\"></span>troduce  un  mecanismo  temporal <span class=\"_ _18\"> </span>de  ajuste  de  cos<span class=\"_ _6\"></span>tes  de producci\u00f3n <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>reducci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>ele<span class=\"_ _6\"></span>ctricidad <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>mercado <span class=\"_ _0\"></span>mayorista. <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>ste <span class=\"_ _10\"></span>ajus<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>bas<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la determinaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>referencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>gas, <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iendo <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>diferencia <span class=\"_ _6\"></span>ent<span class=\"_ _15\"></span>re <span class=\"_ _6\"></span>dicho <span class=\"_ _15\"></span>valor <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>recio <span class=\"_ _6\"></span>efectivo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del mercado <span class=\"_ _6\"></span>spot <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>gas <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>atural el <span class=\"_ _6\"></span>aju<span class=\"_ _6\"></span>ste <span class=\"_ _6\"></span>aplicado <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>costes <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>producci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tecnolog\u00edas <span class=\"_ _6\"></span>f\u00f3siles <span class=\"_ _6\"></span>margina<span class=\"_ _6\"></span>les. Este m<span class=\"_ _1\"></span>ecanismo <span class=\"_ _1\"></span>tendr\u00e1 una <span class=\"_ _e\"></span>vigencia de <span class=\"_ _e\"></span>12 meses, <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>fecha l\u00edm<span class=\"_ _1\"></span>ite <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>de mayo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2023. Adem\u00e1s, <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>tit<span class=\"_ _6\"></span>ulares de <span class=\"_ _6\"></span>unidad<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>adquisici\u00f3n <span class=\"_ _15\"></span>podr\u00e1n <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>uedar <span class=\"_ _6\"></span>exentos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>pago <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>ajuste <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>sujeta <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>instrumentos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cobertura <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>plazo <span class=\"_ _15\"></span>firmados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>tes <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>26 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>abril <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2022, <span class=\"_ _15\"></span>lo <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>resu<span class=\"_ _6\"></span>lta <span class=\"_ _15\"></span>aplicable <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>biof\u00e1bricas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>ENCE <span class=\"_ _15\"></span>en Navia y Pon<span class=\"_ _6\"></span>tevedra. Entre <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>medidas <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>mayor <span class=\"_ _6\"></span>impacto <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>idad <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ENCE, <span class=\"_ _15\"></span>destaca <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span><span class=\"ff3\">modificaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>apartados <span class=\"_ _6\"></span>3\u00ba <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>4\u00ba </span>del art\u00edculo <span class=\"_ _e\"></span>22 del Real <span class=\"_ _e\"></span>Decre<span class=\"_ _6\"></span>to 413/2014<span class=\"ff4\">, con <span class=\"_ _e\"></span>el prop\u00f3sito de incentivar <span class=\"_ _e\"></span>la exposici\u00f3n de la <span class=\"_ _e\"></span>energ\u00eda del <span class=\"_ _1\"></span>r\u00e9gimen </span>especial <span class=\"_ _e\"></span>(RECORE<span class=\"_ _6\"></span>) <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>merca<span class=\"_ _6\"></span>dos <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>plazo. <span class=\"_ _1\"></span>Esta <span class=\"_ _e\"></span>modificaci\u00f3n <span class=\"_ _1\"></span>implica <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>sustituci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>referencia <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>precio <span class=\"_ _1\"></span>medio anual <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>mercado <span class=\"_ _6\"></span>diario <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>int<span class=\"_ _6\"></span>radiario <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>determ<span class=\"_ _6\"></span>inaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e Aju<span class=\"_ _6\"></span>ste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>Desvi<span class=\"_ _6\"></span>aciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Precio <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> Mercado, <span class=\"_ _e\"></span>ad<span class=\"_ _6\"></span>optando <span class=\"_ _e\"></span>en su <span class=\"_ _a\"></span>lugar <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>valor <span class=\"_ _e\"></span>medio ponderado <span class=\"_ _a\"></span>de <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>cesta <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>precios <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>consid<span class=\"_ _6\"></span>era <span class=\"_ _e\"></span>precios <span class=\"_ _1\"></span>anuales del mercado diario e in<span class=\"_ _6\"></span>tradiario, as<span class=\"_ _6\"></span>\u00ed como precios de mercad<span class=\"_ _6\"></span>os de futuros<span class=\"_ _6\"></span> anuales, trimestrales y<span class=\"_ _6\"></span> mensuales.<span class=\"_ _6\"></span> Por <span class=\"_ _15\"></span>\u00faltimo, <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span><span class=\"ff3\">Real <span class=\"_ _10\"></span>Decreto-ley <span class=\"_ _10\"></span>11/2022</span>, <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>25 <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>junio, <span class=\"_ _10\"></span>establece <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>r\u00f3rroga <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>determinadas <span class=\"_ _10\"></span>medidas <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a afrontar <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>consecuencias <span class=\"_ _15\"></span>econ\u00f3micas <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ociales <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>guerra <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>Ucrania, <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>vulnerabilidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>social <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>econ\u00f3mica, as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>recuperaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _11\"></span>isla <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>La <span class=\"_ _11\"></span>Palma. <span class=\"_ _0\"></span>Entre <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>isposiciones, <span class=\"_ _0\"></span>s<span class=\"_ _15\"></span>e <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>templa <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>ap<span class=\"_ _6\"></span>licaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>tipo impositivo del 0,5% en el Impuesto Esp<span class=\"_ _6\"></span>ecial sobre la Electricidad y la suspensi\u00f3n t<span class=\"_ _6\"></span>emporal del impuesto sobre el valor <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>prod<span class=\"_ _6\"></span>ucci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>el\u00e9ctrica, <span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>mbas <span class=\"_ _0\"></span>vigentes <span class=\"_ _0\"></span>has<span class=\"_ _6\"></span>ta <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>2022. <span class=\"_ _11\"></span>Asimismo, <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e introducen modificaciones <span class=\"_ _e\"></span>en la <span class=\"_ _e\"></span>base imponible <span class=\"_ _e\"></span>del Impuest<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>sobre e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>Valor <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>la Producci<span class=\"_ _1\"></span>\u00f3n de <span class=\"_ _e\"></span>Energ\u00eda <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>l\u00e9ctrica cuando se realicen op<span class=\"_ _6\"></span>eraciones entre p<span class=\"_ _6\"></span>artes vinculad<span class=\"_ _6\"></span>as. En <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>\u00e1mbito <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>regulaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>r\u00e9gimen <span class=\"_ _15\"></span>retributiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>determin<span class=\"_ _6\"></span>adas <span class=\"_ _15\"></span>insta<span class=\"_ _6\"></span>laciones <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>producci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>energ\u00eda<span class=\"_ _6\"></span> el\u00e9ctrica <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>fuentes <span class=\"_ _0\"></span>renovab<span class=\"_ _6\"></span>les, <span class=\"_ _11\"></span>cogeneraci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _11\"> </span>residuos, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>han <span class=\"_ _11\"> </span>promulgado <span class=\"_ _11\"></span>diversas <span class=\"_ _11\"></span>disposiciones normativas q<span class=\"_ _6\"></span>ue establecen los par<span class=\"_ _6\"></span>\u00e1metros<span class=\"_ _6\"></span> retributivos aplicables en<span class=\"_ _6\"></span> distintos<span class=\"_ _6\"></span> periodos. La <span class=\"_ _15\"></span><span class=\"ff3\">Orden <span class=\"_ _15\"></span>TED/989/2022, <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>11 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>octubr<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span></span>, <span class=\"_ _6\"></span>define <span class=\"_ _15\"></span>nuevas <span class=\"_ _15\"></span>ins<span class=\"_ _6\"></span>talaciones <span class=\"_ _15\"></span>tipo <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>prop\u00f3sito <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>mantener <span class=\"_ _15\"></span>los par\u00e1metros <span class=\"_ _15\"></span>retributivos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>fijados <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Ord<span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>TED/171/2020, <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>24 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>febrero. <span class=\"_ _15\"></span>Asimis<span class=\"_ _6\"></span>mo, <span class=\"_ _15\"></span>estab<span class=\"_ _6\"></span>lece <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alores de la retribuci\u00f3n a la<span class=\"_ _6\"></span> operaci\u00f3n correspo<span class=\"_ _6\"></span>ndientes al segun<span class=\"_ _6\"></span>do semestre de 2020 y al p<span class=\"_ _6\"></span>rimer semestre de 2021.<span class=\"_ _15\"></span> Por <span class=\"_ _15\"></span>su <span class=\"_ _10\"></span>parte, <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span><span class=\"ff3\">Or<span class=\"_ _6\"></span>den <span class=\"_ _15\"></span>TE<span class=\"_ _6\"></span>D/990/2022, <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>11<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>octubre<span class=\"_ _15\"></span></span>, <span class=\"_ _15\"></span>fija <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>par\u00e1metros<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>retributiv<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>aplicables <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>periodo comprendido <span class=\"_ _10\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>1 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>o<span class=\"_ _6\"></span>ctubre <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>2018 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>3<span class=\"_ _6\"></span>0 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ju<span class=\"_ _6\"></span>nio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2019, <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>cumplimient<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>dispuesto <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>la disposici\u00f3n <span class=\"_ _11\"></span>adicional <span class=\"_ _0\"></span>octava <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>Real <span class=\"_ _0\"></span>D<span class=\"_ _6\"></span>ecreto<span class=\"_ _6\"></span>-ley <span class=\"_ _0\"></span>15<span class=\"_ _6\"></span>/2018, <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>octubre. <span class=\"_ _0\"></span>En <span class=\"_ _11\"></span>este <span class=\"_ _0\"></span>contexto,<span class=\"_ _15\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>revisan <span class=\"_ _0\"></span>los valores de la retribu<span class=\"_ _6\"></span>ci\u00f3n a la operaci\u00f3n para <span class=\"_ _6\"></span>el primer semestre d<span class=\"_ _6\"></span>e 2019.<span class=\"_ _6\"></span> La <span class=\"_ _15\"></span><span class=\"ff3\">Orde<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>TED/995/2022, <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>14 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>octubr<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span></span>, <span class=\"_ _15\"></span>establece <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alores <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>retribuci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>operaci\u00f3n <span class=\"_ _10\"></span>aplicables <span class=\"_ _10\"></span>al segundo <span class=\"_ _18\"> </span>semestre  de <span class=\"_ _18\"> </span>2021  para  las <span class=\"_ _18\"> </span>instalaciones <span class=\"_ _18\"> </span>de  producci\u00f3n <span class=\"_ _18\"> </span>de  energ\u00eda <span class=\"_ _18\"> </span>el\u00e9ctrica  a <span class=\"_ _18\"> </span>partir  de  fuentes<span class=\"_ _6\"></span> renovables, cogeneraci\u00f3n y<span class=\"_ _6\"></span> residu<span class=\"_ _6\"></span>os. Mediante  la  <span class=\"ff3\">Orden  TED/123<span class=\"_ _6\"></span>2/2022,  de  2  de  diciembre<span class=\"_ _6\"></span></span>,  se  procede  a  la  actualizaci<span class=\"_ _6\"></span>\u00f3n  de  los  par\u00e1metros retributivos <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>las <span class=\"_ _17\"> </span>instalaciones <span class=\"_ _1e\"> </span>tip<span class=\"_ _6\"></span>o <span class=\"_ _1e\"> </span>recogidos<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>anexos <span class=\"_ _17\"> </span>I <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>la <span class=\"_ _17\"> </span>Orden <span class=\"_ _17\"> </span>TED<span class=\"_ _6\"></span>/171/2020 <span class=\"_ _17\"> </span>y <span class=\"_ _1e\"> </span>la <span class=\"_ _17\"> </span>Ord<span class=\"_ _6\"></span>en TED/989/2022, <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>efectos para el <span class=\"_ _6\"></span>a\u00f1o 2022. <span class=\"_ _6\"></span>Esta actu<span class=\"_ _6\"></span>alizaci\u00f3n se <span class=\"_ _6\"></span>realiza en cu<span class=\"_ _6\"></span>mplimiento d<span class=\"_ _6\"></span>e lo estab<span class=\"_ _6\"></span>leci<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>en el art\u00edculo 5.1 del Real Decreto-ley 6/2022, en respuesta<span class=\"_ _6\"></span> a las consecuencias econ\u00f3micas y<span class=\"_ _6\"></span> sociales derivadas de la <span class=\"_ _e\"></span>guerra en <span class=\"_ _a\"></span>Ucran<span class=\"_ _6\"></span>ia. <span class=\"_ _e\"></span>En<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>sentido<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>normativa <span class=\"_ _1\"></span>establece <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>precio me<span class=\"_ _1\"></span>dio <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>ual <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el mercado <span class=\"_ _e\"></span>en <span class=\"ff7\">33,94 <span class=\"_ _e\"></span>\u20ac/MWh<span class=\"_ _6\"></span> </span>para 2020<span class=\"ff4\"> <span class=\"_ _6\"></span><span class=\"ls1c\">y </span><span class=\"ff7\">111,90 <span class=\"_ _6\"></span>\u20ac/MWh para <span class=\"_ _6\"></span>2021</span>, <span class=\"_ _6\"></span>fija el <span class=\"_ _6\"></span>pool regulat<span class=\"_ _6\"></span>orio para <span class=\"_ _6\"></span>2022 en <span class=\"_ _6\"></span><span class=\"ff7\">121,92 <span class=\"_ _6\"></span>\u20ac/MWh</span>, <span class=\"_ _6\"></span>determina el <span class=\"_ _6\"></span>Valor </span>Neto <span class=\"_ _10\"></span>Actualizado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>(VNA), <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _10\"></span>(Rinv) <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>instalaci\u00f3n <span class=\"_ _10\"></span>tipo <span class=\"_ _0\"></span>para <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>ejercicio 2022, y establece los valo<span class=\"_ _6\"></span>res de la retribuci\u00f3n<span class=\"_ _6\"></span> a la operaci\u00f3n a<span class=\"_ _6\"></span>plicables al primer semestr<span class=\"_ _6\"></span>e de 2022.<span class=\"_ _15\"></span> La <span class=\"_ _1b\"> </span><span class=\"ff3\">Orde<span class=\"_ _6\"></span>n <span class=\"_ _1b\"> </span>TED/1295/2022, <span class=\"_ _19\"> </span>de <span class=\"_ _1b\"> </span>22 <span class=\"_ _1b\"> </span>de <span class=\"_ _19\"> </span>diciembre</span>, <span class=\"_ _19\"> </span>define <span class=\"_ _1c\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span>valo<span class=\"_ _6\"></span>res <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>la <span class=\"_ _19\"> </span>retribuci\u00f3n <span class=\"_ _1b\"> </span>a <span class=\"_ _19\"> </span>la <span class=\"_ _1c\"> </span>o<span class=\"_ _6\"></span>peraci\u00f3n<span class=\"_ _6\"></span> correspondientes  al <span class=\"_ _11\"> </span>segund<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>semestre <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>2022  para <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>eterminadas <span class=\"_ _12\"> </span>ins<span class=\"_ _6\"></span>talaciones <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>pro<span class=\"_ _6\"></span>ducci\u00f3n <span class=\"_ _12\"> </span>de  e<span class=\"_ _1\"></span>nerg\u00eda el\u00e9ctrica a partir de fuentes<span class=\"_ _6\"></span> renovables, co<span class=\"_ _6\"></span>generaci\u00f3n y residuos<span class=\"_ _6\"></span>. En <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>\u00e1mbito <span class=\"_ _e\"></span>fiscal, el <span class=\"_ _a\"></span><span class=\"ff3\">Real <span class=\"_ _1\"></span>Decreto-ley <span class=\"_ _e\"></span>20/2022, <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>27 de <span class=\"_ _a\"></span>diciembre<span class=\"_ _6\"></span><span class=\"ff4\">, <span class=\"_ _1\"></span>contempla, <span class=\"_ _e\"></span>entre <span class=\"_ _1\"></span>otras <span class=\"_ _e\"></span>medidas<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>pr\u00f3<span class=\"_ _6\"></span>rroga </span></span>hasta <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>tipo <span class=\"_ _10\"></span>i<span class=\"_ _6\"></span>mpositivo <span class=\"_ _0\"></span>reducido <span class=\"_ _0\"></span>del <span class=\"_ _11\"> </span><span class=\"ff3\">0,5 <span class=\"_ _10\"></span>%</span> <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>I<span class=\"_ _6\"></span>mpues<span class=\"_ _6\"></span>to <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>special <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>la Electricidad, <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _e\"></span>como la <span class=\"_ _a\"></span>suspensi\u00f3n tem<span class=\"_ _1\"></span>poral <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Impuesto <span class=\"_ _e\"></span>sobre e<span class=\"_ _1\"></span>l <span class=\"_ _e\"></span>Valor <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Producci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>Energ\u00eda El\u00e9ctrica. Posteriormente, el <span class=\"_ _1\"></span><span class=\"ff3\">Real Decreto<span class=\"_ _6\"></span>-ley <span class=\"_ _1\"></span>5/2023, de 28 <span class=\"_ _e\"></span>de junio<span class=\"ff4\">,<span class=\"_ _6\"></span> publicado el <span class=\"_ _e\"></span>29 de <span class=\"_ _1\"></span>junio de 2023, <span class=\"_ _1\"></span>adopta y prorroga </span></span>determinadas medidas en<span class=\"_ _6\"></span> respu<span class=\"_ _6\"></span>esta a las co<span class=\"_ _6\"></span>nsecuencias econ\u00f3micas y<span class=\"_ _6\"></span> sociales de la gu<span class=\"_ _6\"></span>erra en Ucrania,<span class=\"_ _6\"></span> adem\u00e1s de incluir <span class=\"_ _6\"></span>dispos<span class=\"_ _6\"></span>iciones relativas<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>reconstrucci\u00f3n <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>isla <span class=\"_ _6\"></span>de La<span class=\"_ _6\"></span> Palma <span class=\"_ _6\"></span>y o<span class=\"_ _6\"></span>tras s<span class=\"_ _6\"></span>ituacio<span class=\"_ _15\"></span>nes <span class=\"_ _6\"></span>de vu<span class=\"_ _6\"></span>lnerabilidad. Asimismo, <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>citado <span class=\"_ _0\"></span>real <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>ecreto-ley <span class=\"_ _0\"></span>incorpora <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>tra<span class=\"_ _6\"></span>nsposici\u00f3n <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>div<span class=\"_ _6\"></span>ersas <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>irectivas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Uni\u00f3n <span class=\"_ _10\"></span>Europ<span class=\"_ _6\"></span>ea <span class=\"_ _10\"></span>en materia de <span class=\"_ _e\"></span>mod<span class=\"_ _6\"></span>ificaciones estructurales de sociedades <span class=\"_ _1\"></span>mercantiles<span class=\"_ _15\"></span> y <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>ciliaci\u00f3n de <span class=\"_ _1\"></span>la vida laboral <span class=\"_ _1\"></span>y familiar, <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>\u00ed como la ejecuci\u00f3n y<span class=\"_ _6\"></span> cumplimiento del Derech<span class=\"_ _6\"></span>o de la Uni\u00f3n E<span class=\"_ _6\"></span>uropea.<span class=\"_ _6\"></span> En <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>respecta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>r\u00e9gimen<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>retributivo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>espec\u00edfico r<span class=\"_ _6\"></span>egulado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span><span class=\"ff3\">R<span class=\"_ _6\"></span>eal <span class=\"_ _6\"></span>Decreto <span class=\"_ _6\"></span>413/201<span class=\"_ _6\"></span>4</span>, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span><span class=\"ff3\">Real <span class=\"_ _6\"></span>Decre<span class=\"_ _6\"></span>to-ley<span class=\"_ _6\"></span> </span>5/2023<span class=\"ff4\"> introduce divers<span class=\"_ _6\"></span>as medidas<span class=\"_ _6\"></span>, entre las que desta<span class=\"_ _6\"></span>can las siguientes:<span class=\"_ _6\"></span> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _11\"> </span>establece <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span><span class=\"ff3\">pool <span class=\"_ _12\"> </span>regulatorio<span class=\"_ _6\"></span></span> <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>semiperiodo <span class=\"_ _11\"> </span>202<span class=\"_ _6\"></span>3-2025 <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span><span class=\"ff7\">109,31 <span class=\"_ _12\"> </span>\u20ac/MWh <span class=\"_ _12\"> </span>para <span class=\"_ _11\"> </span>2023<span class=\"_ _6\"></span></span><span class=\"ls10\">, <span class=\"_ _11\"> </span></span><span class=\"ff3\">108,86<span class=\"_ _6\"></span> </span></span></span>\u20ac/MWh para 2024<span class=\"ff4\"> <span class=\"_ _6\"></span><span class=\"ls1c\">y </span></span>89,37 \u20ac/MWh par<span class=\"_ _6\"></span>a 2025<span class=\"ff4\">. </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Para la <span class=\"_ _6\"></span>determinaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span><span class=\"ff3\">Vajdm</span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el precio <span class=\"_ _6\"></span>del mercado <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>a\u00f1o 2023, <span class=\"_ _6\"></span>aplicable <span class=\"_ _6\"></span>a la <span class=\"_ _6\"></span>actualizaci\u00f3<span class=\"_ _6\"></span>n de </span></span>los  par\u00e1metros <span class=\"_ _12\"> </span>retributivos<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _12\"> </span>semip<span class=\"_ _6\"></span>eriodo  regulatorio  que <span class=\"_ _12\"> </span>comienza  el  <span class=\"ff3\">1 <span class=\"_ _12\"> </span>de  enero <span class=\"_ _1a\"> </span>de <span class=\"_ _1a\"> </span>2026</span>,  se establece <span class=\"_ _15\"></span>que <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>valor <span class=\"_ _10\"></span>medio <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>nderado <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>cesta<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>recios <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>mercados <span class=\"_ _15\"></span>el\u00e9ctrico<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>dicho a\u00f1o <span class=\"_ _10\"></span>ser\u00e1 <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>menor <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>este <span class=\"_ _10\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>medio <span class=\"_ _10\"></span>anual <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>mercado <span class=\"_ _10\"></span>diario <span class=\"_ _10\"></span>e <span class=\"_ _15\"></span>intra<span class=\"_ _6\"></span>diario <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>2023, conforme a la definici\u00f3n d<span class=\"_ _6\"></span>el art\u00edculo 22 d<span class=\"_ _6\"></span>el Real D<span class=\"_ _6\"></span>ecreto 413/2014.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se  incorporan  d<span class=\"_ _6\"></span>isposiciones  relativas<span class=\"_ _6\"></span>  a  la  actu<span class=\"_ _6\"></span>alizaci\u00f3n  de  la <span class=\"_ _18\"> </span><span class=\"ff3\">retribuc<span class=\"_ _6\"></span>i\u00f3n  a  la  operaci\u00f3n<span class=\"_ _6\"></span></span>  para  las </span></span>instalaciones <span class=\"_ _11\"> </span>tipo <span class=\"_ _11\"></span>cuyos <span class=\"_ _0\"></span>costes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>explotaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ependan <span class=\"_ _0\"></span>esencialmente <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>precio <span class=\"_ _0\"></span>del<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>combustible, tanto para <span class=\"_ _6\"></span>el primer como para el segun<span class=\"_ _6\"></span>do semestre de 2023.<span class=\"_ _15\"></span> El <span class=\"_ _11\"> </span>30 <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>junio <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>2023 <span class=\"_ _11\"> </span>se<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>public\u00f3 <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span><span class=\"ff3\">Orden <span class=\"_ _11\"> </span>TED/741/2<span class=\"_ _6\"></span>023<span class=\"_ _6\"></span></span>, <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>procede<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>actualizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>los par\u00e1metros retributivos aplicables <span class=\"_ _1\"></span>a la<span class=\"_ _1\"></span>s instalaciones tipo<span class=\"_ _1\"></span> inc<span class=\"_ _1\"></span>luidas en <span class=\"_ _e\"></span>su \u00e1mbito de <span class=\"_ _e\"></span>aplicaci\u00f3n, correspondientes al <span class=\"_ _11\"> </span>semiperiodo <span class=\"_ _12\"> </span>regulatorio <span class=\"_ _11\"> </span>comprendid<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>entre <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>1 <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>enero <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>2023 <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>31 <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>diciembre <span class=\"_ _11\"></span>de <span class=\"_ _12\"> </span>202<span class=\"_ _6\"></span>5. <span class=\"_ _11\"> </span>Dicha<span class=\"_ _6\"></span> actualizaci\u00f3n <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>realiza <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>ap<span class=\"_ _6\"></span>licaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>art\u00edculo <span class=\"_ _10\"></span>20.2 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Real <span class=\"_ _10\"></span>Decreto <span class=\"_ _10\"></span>413/2014, <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>6 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>ju<span class=\"_ _6\"></span>nio, <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>regula <span class=\"_ _15\"></span>l<span class=\"_ _6\"></span>a producci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _11\"></span>el\u00e9ctrica <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>fu<span class=\"_ _6\"></span>entes <span class=\"_ _0\"></span>renovab<span class=\"_ _6\"></span>les, <span class=\"_ _0\"></span>cogeneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>y <span class=\"_ _10\"></span>r<span class=\"_ _6\"></span>esiduos. <span class=\"_ _11\"></span>Asimismo, <span class=\"_ _10\"></span>la <span class=\"_ _11\"></span>orden establece <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>valores <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>operaci\u00f3n <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>primer <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>emestre <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>en<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>aq<span class=\"_ _6\"></span>uellas <span class=\"_ _10\"></span>instalacion<span class=\"_ _6\"></span>es cuyo coste de explot<span class=\"_ _6\"></span>aci\u00f3n depende fund<span class=\"_ _6\"></span>amentalmente del p<span class=\"_ _6\"></span>recio del combustible.<span class=\"_ _15\"></span> Los aspectos<span class=\"_ _6\"></span> m\u00e1s relevantes de la ord<span class=\"_ _6\"></span>en son los<span class=\"_ _6\"></span> siguientes: \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Los p<span class=\"_ _6\"></span>recios poo<span class=\"_ _6\"></span>l regulatorios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>quedan <span class=\"_ _6\"></span>fijados <span class=\"_ _6\"></span>en 109,31 <span class=\"_ _6\"></span>\u20ac/<span class=\"_ _6\"></span>MWh par<span class=\"_ _6\"></span>a 2023, <span class=\"_ _6\"></span>108,86<span class=\"_ _6\"></span> \u20ac/MWh<span class=\"_ _6\"></span> para <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>y </span></span>89,37 \u20ac/MWh para 202<span class=\"_ _6\"></span>5.<span class=\"ff4\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">El precio de la biomas<span class=\"_ _6\"></span>a y los costes d<span class=\"_ _6\"></span>e explotaci\u00f3n se actu<span class=\"_ _6\"></span>alizan en un 1%.<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _e\"></span>detalla <span class=\"_ _e\"></span>el Valor <span class=\"_ _a\"></span>Neto Actuali<span class=\"_ _1\"></span>zado <span class=\"_ _e\"></span>(VNA) al <span class=\"_ _a\"></span>1 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>enero <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>2023, <span class=\"_ _a\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _e\"></span>como las<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>retribucion<span class=\"_ _6\"></span>es <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>la in<span class=\"_ _1\"></span>versi\u00f3n </span></span>futuras para <span class=\"_ _6\"></span>cada instalaci\u00f3n.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _6\"></span>incorporan <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>retribucion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>op<span class=\"_ _6\"></span>eraci\u00f3n <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>pri<span class=\"_ _6\"></span>mer <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>emestre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>2023, <span class=\"_ _15\"></span>siendo <span class=\"_ _15\"></span>estas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>nulas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en </span></span>todas las instalaciones del <span class=\"_ _e\"></span>Grupo<span class=\"_ _6\"></span>, salvo para <span class=\"_ _e\"></span>la planta de <span class=\"_ _1\"></span>cogeneraci\u00f3n con gas <span class=\"_ _1\"></span>situada en C\u00f3rdoba, <span class=\"_ _1\"></span>que recibe una retribuci\u00f3n d<span class=\"_ _6\"></span>e 286 \u20ac/MWh.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>Adicionalmente, el mismo 30 de junio de 2023 se public\u00f3 la <span class=\"ff3\">Propue<span class=\"_ _6\"></span>sta de Orden que establece los <span class=\"_ _1\"></span>valores de la </span>retribuci\u00f3n <span class=\"_ _12\"> </span>a  l<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>operaci\u00f3n  p<span class=\"_ _1\"></span>ara <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>segund<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>semestre  de<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>2023<span class=\"_ _6\"></span><span class=\"ff4\">, <span class=\"_ _12\"> </span>ap<span class=\"_ _6\"></span>licables <span class=\"_ _12\"> </span>a  determ<span class=\"_ _1\"></span>inadas  in<span class=\"_ _1\"></span>stalaciones  de<span class=\"_ _e\"></span> </span>producci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>tir <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>fuentes <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>enovables, <span class=\"_ _6\"></span>cogenerac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>residu<span class=\"_ _6\"></span>os. <span class=\"_ _6\"></span>En <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ropuesta, <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> retribuciones a <span class=\"_ _1\"></span>la operaci\u00f3n <span class=\"_ _1\"></span>del segundo semestre <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e 2023 son igualme<span class=\"_ _1\"></span>nte nulas para <span class=\"_ _e\"></span>to<span class=\"_ _6\"></span>das las <span class=\"_ _1\"></span>insta<span class=\"_ _15\"></span>laciones del<span class=\"_ _1\"></span> Grupo, <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>excepci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>plan<span class=\"_ _6\"></span>ta <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cogeneraci\u00f3n <span class=\"_ _0\"></span>con <span class=\"_ _10\"></span>gas <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>C\u00f3rdoba, <span class=\"_ _10\"></span>c<span class=\"_ _15\"></span>uya <span class=\"_ _10\"></span>retribuci\u00f3n <span class=\"_ _10\"></span>as<span class=\"_ _6\"></span>ciende <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>84,39 \u20ac/MWh.<span class=\"ff4\"> </span>Posteriormente, <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>22 <span class=\"_ _a\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>noviembre <span class=\"_ _1\"></span>de <span class=\"_ _a\"></span>2<span class=\"_ _6\"></span>023, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ometi\u00f3 <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>i<span class=\"_ _6\"></span>nformaci\u00f3n <span class=\"_ _e\"></span>p\u00fablica <span class=\"_ _e\"></span>la<span class=\"_ _6\"></span> <span class=\"ff3\">Propuesta <span class=\"_ _a\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>Orden <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>define </span>la <span class=\"_ _12\"> </span>meto<span class=\"_ _6\"></span>dolog\u00eda <span class=\"_ _12\"> </span>de  actualizaci\u00f3n  de <span class=\"_ _12\"> </span>la  retribuci\u00f3n <span class=\"_ _12\"> </span>a  la <span class=\"_ _12\"> </span>op<span class=\"_ _6\"></span>eraci\u00f3n<span class=\"_ _15\"></span><span class=\"ff4\">  de <span class=\"_ _11\"> </span>aq<span class=\"_ _6\"></span>uellas  instalaciones <span class=\"_ _12\"> </span>cuyo  coste <span class=\"_ _12\"> </span>de </span>explotaci\u00f3n <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _10\"></span>vinculad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>co<span class=\"_ _6\"></span>mbustible. <span class=\"_ _10\"></span>Esta<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>nueva <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span>rmativa <span class=\"_ _10\"></span>tiene <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>finalidad <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>stituir <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la Orden IET/1345/2015, <span class=\"_ _6\"></span>de 2 de julio, e intro<span class=\"_ _6\"></span>duce las siguient<span class=\"_ _6\"></span>es modificaciones:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Para <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>instalaciones <span class=\"_ _11\"></span>de <span class=\"_ _10\"></span>biomasa, <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>actualizaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>llevar\u00e1 <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>cab<span class=\"_ _6\"></span>o </span></span>anualmente, <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>forme <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>a\u00f1o<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>natura<span class=\"_ _6\"></span>l, <span class=\"_ _0\"></span>bas<span class=\"_ _6\"></span>\u00e1ndose <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>estimaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>precio <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>mercado <span class=\"_ _11\"></span>el\u00e9ctrico (108,86 \u20ac/MWh en 2023) y del <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>recio del combustible (50,48 \u20ac/ton para biomasa B6 <span class=\"_ _1\"></span>y 42,92 \u20ac/ton<span class=\"ff4\"> para </span>biomasa B8 en 2023), jun<span class=\"_ _6\"></span>to con<span class=\"_ _6\"></span> los par\u00e1metros r<span class=\"_ _6\"></span>etributivos derivado<span class=\"_ _6\"></span>s de estas variables.<span class=\"_ _15\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">En <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>cas<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>biomasa, <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>considera <span class=\"_ _10\"></span>necesario <span class=\"_ _15\"></span>es<span class=\"_ _6\"></span>timar <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>combu<span class=\"_ _6\"></span>stible </span></span>para <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>c\u00e1lculo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>retribuci\u00f3n <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>op<span class=\"_ _6\"></span>eraci\u00f3n, <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>osterior <span class=\"_ _6\"></span>aj<span class=\"_ _6\"></span>uste <span class=\"_ _15\"></span>conforme <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>precio <span class=\"_ _15\"></span>reconocido que refleje las variacion<span class=\"_ _6\"></span>es interanuales d<span class=\"_ _6\"></span>el coste d<span class=\"_ _6\"></span>el transporte y d<span class=\"_ _6\"></span>el salario m\u00ednimo inter<span class=\"_ _6\"></span>profesional.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">El precio del combustib<span class=\"_ _6\"></span>le se calcula en fu<span class=\"_ _6\"></span>nci\u00f3n de tres v<span class=\"_ _6\"></span>ariables:<span class=\"_ _6\"></span> </span></span>a) Un 40% vinculado a<span class=\"_ _6\"></span>l precio de mercado d<span class=\"_ _6\"></span>e la biomasa, co<span class=\"_ _6\"></span>n un<span class=\"_ _6\"></span>a actualizaci\u00f3n anu<span class=\"_ _6\"></span>al del 1%.<span class=\"_ _6\"></span> b) Un 36% vinculado a<span class=\"_ _6\"></span>l precio del transp<span class=\"_ _6\"></span>orte. c) Un 24% vinculad<span class=\"_ _6\"></span>o al Salario M\u00ednimo In<span class=\"_ _6\"></span>terprofesio<span class=\"_ _6\"></span>nal. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Este ajuste se calcula<span class=\"_ _6\"></span>r\u00e1 anualmente en funci\u00f3n de la energ\u00eda vendida en el mercado d<span class=\"_ _6\"></span>e producci\u00f3n y su </span></span>liquidaci\u00f3n s<span class=\"_ _6\"></span>e realizar\u00e1 en 12 mensualidades<span class=\"_ _6\"></span>. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La cesta de precios p<span class=\"_ _6\"></span>ara la determinaci\u00f3n d<span class=\"_ _6\"></span>el pool regulator<span class=\"_ _6\"></span>io se estructura d<span class=\"_ _6\"></span>e la siguiente manera:<span class=\"_ _15\"></span> </span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">A\u00f1o 2023: 75<span class=\"_ _6\"></span>% precio pool <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> 25% futuros<span class=\"_ _6\"></span>. </span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">A\u00f1o 2024: 50<span class=\"_ _6\"></span>% precio pool <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> 50% futuros<span class=\"_ _6\"></span>. </span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">A partir <span class=\"_ _6\"></span>de 2025: 20% precio p<span class=\"_ _6\"></span>ool <span class=\"ff6\">\u2013</span> 80% futu<span class=\"_ _6\"></span>ros. </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">En <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>stalaciones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>gas, <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>retribuci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>operaci\u00f3n <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>revis<span class=\"_ _6\"></span>ar\u00e1 <span class=\"_ _10\"></span>trimestralmente <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>funci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la </span></span>evoluci\u00f3n de <span class=\"_ _e\"></span>los precios <span class=\"_ _e\"></span>del m<span class=\"_ _1\"></span>ercado <span class=\"_ _1\"></span>el\u00e9ctrico <span class=\"_ _1\"></span>(basado en <span class=\"_ _e\"></span>los f<span class=\"_ _1\"></span>uturos de <span class=\"_ _e\"></span>OMIP), <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>derechos de <span class=\"_ _e\"></span>emisi\u00f3n de CO\u2082 (futuros trimestrales d<span class=\"_ _6\"></span>e derechos) y<span class=\"_ _6\"></span> el c<span class=\"ff4\">o<span class=\"_ _6\"></span>mbustible (futu<span class=\"_ _6\"></span>ros de MIBGAS).<span class=\"_ _6\"></span> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _10\"></span>exime <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>aplicaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>sistema <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>ajuste <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>desviaciones <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>precio <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>mercado <span class=\"_ _0\"></span>regulado, </span></span>previsto en el art\u00edculo 22 <span class=\"_ _e\"></span>del Real Decreto 413/2014, a las in<span class=\"_ _1\"></span>stalaciones que cuenten con una ce<span class=\"_ _1\"></span>ntral de cogeneraci\u00f3n. Por <span class=\"_ _11\"></span>otra <span class=\"_ _0\"></span>par<span class=\"_ _6\"></span>te, <span class=\"_ _11\"></span><span class=\"ff3\">el <span class=\"_ _0\"></span>Real <span class=\"_ _11\"> </span>Decreto-ley <span class=\"_ _11\"></span>8/2023</span>, <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>28 <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>diciembre, <span class=\"_ _0\"></span>introd<span class=\"_ _6\"></span>uce <span class=\"_ _11\"></span>diversas <span class=\"_ _11\"></span>medidas <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _11\"></span>mitigar <span class=\"_ _0\"></span>el impacto <span class=\"_ _6\"></span>econ\u00f3mico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ocial <span class=\"_ _6\"></span>derivad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>conflicto<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Ucrania <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Oriente <span class=\"_ _6\"></span>Pr\u00f3ximo, <span class=\"_ _6\"></span>as\u00ed <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>fectos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la<span class=\"_ _6\"></span> sequ\u00eda. Entre lo<span class=\"_ _6\"></span>s principa<span class=\"_ _6\"></span>les cambios destacan:<span class=\"_ _6\"></span> 1.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff3\">Medidas fisca<span class=\"_ _6\"></span>les en el \u00e1mbito e<span class=\"_ _6\"></span>nerg\u00e9tico:<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">IVA del 10<span class=\"_ _6\"></span>% para todo<span class=\"_ _6\"></span> 2024 (en 2023 era del 5%).<span class=\"_ _15\"></span> </span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Impuesto<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Especial <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Electricidad: <span class=\"_ _15\"></span>2,5% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>primer <span class=\"_ _15\"></span>trimestre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>3,8% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>egundo </span></span>(frente al 0,5% en 2023).<span class=\"_ _6\"></span> o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">IVPEE<span class=\"_ _6\"></span>: 3,5% en el primer trimestre, <span class=\"_ _6\"></span>5,25% en el segundo y 7% a<span class=\"_ _6\"></span> partir del tercero (en 2023 era<span class=\"_ _6\"></span> </span></span>del 0%). 2.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff3\">Modificaci\u00f3n d<span class=\"_ _6\"></span>e los plazos administrativos par<span class=\"_ _6\"></span>a acceso y con<span class=\"_ _6\"></span>exi\u00f3n:<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Autoriza<span class=\"_ _6\"></span>ci\u00f3n Administrativ<span class=\"_ _6\"></span>a de Construcci\u00f3n (AAC): amp<span class=\"_ _6\"></span>liaci\u00f3n de 43 a <span class=\"_ _6\"></span>49 meses.<span class=\"_ _6\"></span> </span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Autoriza<span class=\"_ _6\"></span>ci\u00f3n  Administrativa <span class=\"_ _12\"> </span>de <span class=\"_ _1a\"> </span>Explotaci\u00f3n  (AAE): <span class=\"_ _12\"> </span>ampliaci\u00f3n  de <span class=\"_ _12\"> </span>5 <span class=\"_ _12\"> </span>a  8 <span class=\"_ _12\"> </span>a\u00f1os  (9 <span class=\"_ _11\"> </span>a\u00f1<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>para </span></span>bombeos y e\u00f3lica marina).<span class=\"_ _6\"></span> 3.<span class=\"ff2 ls0_1\"> <span class=\"_ _21\"> </span><span class=\"ff3\">Criterios p<span class=\"_ _6\"></span>ara la retribuci\u00f3n a la operaci\u00f3n en instalaciones dependiente<span class=\"_ _6\"></span>s del coste del combustible a </span></span>partir de 2024:<span class=\"_ _6\"></span><span class=\"ff4\"> </span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">La <span class=\"_ _15\"></span>retribuci\u00f3n <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>operaci\u00f3n <span class=\"_ _15\"></span>durante <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>primer <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>emestre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>ciende <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>685 <span class=\"_ _15\"></span>millones <span class=\"_ _15\"></span>de </span></span>euros para cogeneraci\u00f3n<span class=\"_ _6\"></span> y tratamiento de resid<span class=\"_ _6\"></span>uos, y 2,<span class=\"_ _6\"></span>23 millones de euros para biomas<span class=\"_ _6\"></span>a.<span class=\"_ _15\"></span> o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Se <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>rorrogan <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>hip\u00f3<span class=\"_ _6\"></span>tesis <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>c\u00e1lculo <span class=\"_ _10\"></span>establecidas <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>Or<span class=\"_ _6\"></span>den <span class=\"_ _15\"></span>TED/741/20<span class=\"_ _6\"></span>23, <span class=\"_ _15\"></span>con <span class=\"_ _10\"></span>aplicaci\u00f3<span class=\"_ _6\"></span>n </span></span>desde el 1 de enero de <span class=\"_ _6\"></span>2024, in<span class=\"_ _6\"></span>corporando lo<span class=\"_ _6\"></span>s siguientes ajustes:<span class=\"_ _6\"></span> \u25aa<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Para cogenerac<span class=\"_ _6\"></span>i\u00f3n y residuos:<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u25aa<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>mercado <span class=\"_ _1e\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _1e\"> </span>el <span class=\"_ _17\"> </span>primer <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>emestre <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>2024: <span class=\"_ _1e\"> </span>104,98 <span class=\"_ _17\"> </span>\u20ac/MWh,<span class=\"_ _6\"></span> </span></span>calculado <span class=\"_ _18\"> </span>como  la <span class=\"_ _18\"> </span>media  aritm\u00e9tica  del <span class=\"_ _18\"> </span>OMIP  del <span class=\"_ _18\"> </span>1  de  enero <span class=\"_ _18\"> </span>al  30 <span class=\"_ _18\"> </span>de septiembre de 2023.<span class=\"_ _6\"></span> \u25aa<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio del gas: 51,3 \u20ac/MWh<span class=\"_ _6\"></span>PCS.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u25aa<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio del CO\u2082: 90,72 <span class=\"_ _6\"></span>\u20ac/ton.<span class=\"ff4\"> </span></span></span>\u25aa<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff3\">Para biomasa:<span class=\"ff4\"> </span></span></span>\u25aa<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _27\"> </span>mantend<span class=\"_ _6\"></span>r\u00e1 <span class=\"_ _27\"> </span>la <span class=\"_ _2f\"> </span>metodolog\u00eda <span class=\"_ _2f\"> </span>de <span class=\"_ _27\"> </span>c\u00e1l<span class=\"_ _6\"></span>culo <span class=\"_ _27\"> </span>ap<span class=\"_ _6\"></span>robada <span class=\"_ _2f\"> </span>en <span class=\"_ _27\"> </span>la <span class=\"_ _27\"> </span>Ord<span class=\"_ _6\"></span>en </span></span>TED/741/2023 has<span class=\"_ _6\"></span>ta la adopci\u00f3n d<span class=\"_ _6\"></span>e un nuevo marco normativ<span class=\"_ _6\"></span>o antes d<span class=\"_ _6\"></span>el 31 de diciembre de 2024.<span class=\"_ _6\"></span> \u25aa<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">El  aj<span class=\"_ _6\"></span>uste <span class=\"_ _18\"> </span>del  precio <span class=\"_ _18\"> </span>de  m<span class=\"_ _6\"></span>ercado <span class=\"_ _18\"> </span>se  deter<span class=\"_ _6\"></span>minar\u00e1, <span class=\"_ _18\"> </span>al  igu<span class=\"_ _6\"></span>al  qu<span class=\"_ _6\"></span>e  en <span class=\"_ _18\"> </span>2023, </span></span>tomando <span class=\"_ _1e\"> </span>el <span class=\"_ _1e\"> </span>valo<span class=\"_ _6\"></span>r <span class=\"_ _1e\"> </span>m\u00ednimo <span class=\"_ _1e\"> </span>entre <span class=\"_ _1e\"> </span>el <span class=\"_ _1e\"> </span>precio <span class=\"_ _1e\"> </span>medio <span class=\"_ _1e\"> </span>del <span class=\"_ _1e\"> </span>mercad<span class=\"_ _6\"></span>o <span class=\"_ _1e\"> </span>diario <span class=\"_ _1e\"> </span>e intradiario de 2024 y el <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>efinido en el art\u00edculo 22 del Real Decreto 413/2014.<span class=\"_ _6\"></span> Resoluci\u00f3n de 15 <span class=\"_ _e\"></span>de enero <span class=\"_ _e\"></span>de 2024,<span class=\"ff4\"> de <span class=\"_ _e\"></span>la Secretar\u00eda <span class=\"_ _1\"></span>de Estado de <span class=\"_ _e\"></span>Industria<span class=\"_ _6\"></span>, <span class=\"_ _1\"></span>por la<span class=\"_ _1\"></span> que <span class=\"_ _e\"></span>se revisa <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>cociente e<span class=\"_ _1\"></span>ntre </span>consumo y <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>alor a\u00f1adido <span class=\"_ _e\"></span>bru<span class=\"_ _6\"></span>to <span class=\"_ _1\"></span>para optar <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>la categor\u00eda de <span class=\"_ _e\"></span>consu<span class=\"_ _6\"></span>midor ele<span class=\"_ _1\"></span>ctrointensivo,<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>al que <span class=\"_ _e\"></span>se refiere <span class=\"_ _e\"></span>el Real Decreto 1106/2020, <span class=\"_ _6\"></span>de 15 de <span class=\"_ _6\"></span>diciembre, por el qu<span class=\"_ _6\"></span>e se regu<span class=\"_ _6\"></span>la e<span class=\"_ _6\"></span>l Es<span class=\"_ _6\"></span>tatuto de los<span class=\"_ _6\"></span> consumidores ele<span class=\"_ _6\"></span>ctrointensivo<span class=\"_ _6\"></span>s, estableciendo que du<span class=\"_ _6\"></span>rante el a\u00f1o<span class=\"_ _6\"></span> 2024, el cociente entr<span class=\"_ _6\"></span>e consu<span class=\"_ _6\"></span>mo anual y valor a\u00f1<span class=\"_ _6\"></span>adido bruto d<span class=\"_ _6\"></span>e la instalaci\u00f3n al <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>refiere <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>art\u00edcu<span class=\"_ _6\"></span>lo <span class=\"_ _1\"></span>3.2.d) del <span class=\"_ _e\"></span>Real <span class=\"_ _e\"></span>D<span class=\"_ _6\"></span>ecreto 1106/20<span class=\"ff6\">20 deber\u00e1 <span class=\"_ _e\"></span>ser superior <span class=\"_ _e\"></span>a 0,51 <span class=\"_ _e\"></span>kWh<span class=\"_ _6\"></span>/\u20ac <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>poder optar </span>a la categor\u00eda de cons<span class=\"_ _6\"></span>umidor electrointens<span class=\"_ _6\"></span>ivo.<span class=\"_ _6\"></span> Real Decreto 203/2024<span class=\"ff4\">, de 27 <span class=\"_ _1\"></span>de febrero, por e<span class=\"_ _1\"></span>l que se <span class=\"_ _1\"></span>desarrollan aspectos relativos a la <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>ignaci\u00f3n gratuita de </span>derechos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>a\u00f1os <span class=\"_ _0\"></span>2026 <span class=\"_ _0\"></span>-2030 <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>otro<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>aspectos <span class=\"_ _10\"></span>relacionados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>r\u00e9gimen <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>exclus<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _0\"></span>de instalaciones <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>artir <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2026, <span class=\"_ _15\"></span>regulando <span class=\"_ _15\"></span>aspectos <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roced<span class=\"_ _6\"></span>imentales <span class=\"_ _6\"></span>referidos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>olicitudes <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>asignaci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e derechos de emisi\u00f3n y la<span class=\"_ _6\"></span> solicitud d<span class=\"_ _6\"></span>e asignaci\u00f3n gratu<span class=\"_ _6\"></span>ita de estos.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Excluye <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>r\u00e9gimen <span class=\"_ _0\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>com<span class=\"_ _6\"></span>ercio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>derechos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emisi\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>periodo <span class=\"_ _11\"></span>2026<span class=\"_ _15\"></span>-2030 <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ho<span class=\"_ _6\"></span>spitales <span class=\"_ _0\"></span>e </span></span>instalaciones de <span class=\"_ _a\"></span>peque\u00f1o<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>tama\u00f1o -aquellas <span class=\"_ _e\"></span>que <span class=\"_ _1\"></span>hayan e<span class=\"_ _1\"></span>mitido <span class=\"_ _e\"></span>menos de <span class=\"_ _a\"></span>25.000 toneladas <span class=\"_ _e\"></span>equiv<span class=\"_ _6\"></span>alentes de di\u00f3xido de carb<span class=\"_ _6\"></span>ono, exclui<span class=\"_ _6\"></span>das las<span class=\"_ _6\"></span> emisiones de la b<span class=\"_ _6\"></span>iomas<span class=\"_ _6\"></span>a,<span class=\"_ _6\"></span> en cad<span class=\"_ _6\"></span>a uno de los<span class=\"_ _6\"></span> tres a\u00f1<span class=\"_ _6\"></span>os del periodo<span class=\"_ _6\"></span> de  referencia <span class=\"_ _12\"> </span>2021<span class=\"_ _6\"></span>-2023  y  que, <span class=\"_ _12\"> </span>cuan<span class=\"_ _6\"></span>do  realicen <span class=\"_ _12\"> </span>activ<span class=\"_ _6\"></span>idades  de <span class=\"_ _1a\"> </span>combusti\u00f3n,  tengan  una  potencia t\u00e9rmica <span class=\"_ _10\"></span>nominal <span class=\"_ _0\"></span>inferior <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>35 <span class=\"_ _10\"></span>MW. <span class=\"_ _10\"></span>Ad<span class=\"_ _6\"></span>em\u00e1s, <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>n<span class=\"_ _6\"></span>orma <span class=\"_ _10\"></span>inclu<span class=\"_ _6\"></span>ye <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>procedi<span class=\"_ _6\"></span>miento <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>so<span class=\"_ _6\"></span>licitud <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>dicha exclusi\u00f3n. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Permite <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>arrastre <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>cuotas <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>emisiones <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>eriodo <span class=\"_ _0\"></span>2026<span class=\"_ _6\"></span>-20<span class=\"_ _6\"></span>30 <span class=\"_ _11\"></span>para <span class=\"_ _0\"></span>compens<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>emisiones </span></span>inferiores <span class=\"_ _e\"></span>al<span class=\"_ _6\"></span> objetivo <span class=\"_ _e\"></span>de un <span class=\"_ _e\"></span>a\u00f1<span class=\"_ _6\"></span>o con <span class=\"_ _e\"></span>los posibles <span class=\"_ _e\"></span>exc<span class=\"_ _6\"></span>esos de <span class=\"_ _e\"></span>otro<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>a\u00f1o <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>efectos de <span class=\"_ _e\"></span>cumplir con <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>objetiv<span class=\"_ _6\"></span>o de este \u00faltimo a\u00f1o.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Establece el tratamiento de la biomasa en relaci\u00f3n con el seguimiento y la <span class=\"_ _1\"></span>notificaci\u00f3n de las emisiones </span></span>de <span class=\"_ _12\"> </span>gases <span class=\"_ _1a\"> </span>de <span class=\"_ _12\"> </span>efecto <span class=\"_ _12\"> </span>inv<span class=\"_ _6\"></span>ernadero  para <span class=\"_ _11\"> </span>ins<span class=\"_ _6\"></span>talaciones <span class=\"_ _12\"> </span>fijas<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>marco  del <span class=\"_ _11\"> </span>R\u00e9<span class=\"_ _6\"></span>gimen <span class=\"_ _12\"> </span>de  Comercio <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e Derechos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Emisi\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Uni\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Europea, <span class=\"_ _15\"></span>A <span class=\"_ _15\"></span>efectos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>sideraci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>factor <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>emisi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>igua<span class=\"_ _6\"></span>l <span class=\"_ _15\"></span>a cero <span class=\"_ _6\"></span>aplicable<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>flujo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>fu<span class=\"_ _6\"></span>ente <span class=\"_ _15\"></span>procedentes <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>biomas<span class=\"_ _6\"></span>a, <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>tit<span class=\"_ _6\"></span>ulares <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>instalaciones <span class=\"_ _15\"></span>deber\u00e1n acreditar, en los cas<span class=\"_ _6\"></span>os en qu<span class=\"_ _6\"></span>e proceda, el cumplimiento d<span class=\"_ _6\"></span>e los criterios<span class=\"_ _6\"></span> en materia de red<span class=\"_ _6\"></span>ucci\u00f3n de s<span class=\"_ _6\"></span>us em<span class=\"ls0_1\">isiones .<span class=\"_ _6\"></span> </span>Orden <span class=\"_ _12\"> </span>TE<span class=\"_ _6\"></span>D/268/2024<span class=\"ff4\">, <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>20  de <span class=\"_ _11\"> </span>marzo, <span class=\"_ _12\"> </span>por  la<span class=\"_ _e\"></span>  que <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>establecen <span class=\"_ _12\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>obligaciones  de<span class=\"_ _e\"></span>  ahorro <span class=\"_ _11\"> </span>energ\u00e9tico, <span class=\"_ _12\"> </span>el </span>cumplimiento <span class=\"_ _e\"></span>median<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>Certi<span class=\"_ _6\"></span>ficados de <span class=\"_ _a\"></span>Ahorro<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>Energ\u00e9tico <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>aportaci\u00f3n m<span class=\"_ _1\"></span>\u00ednima <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>Fondo <span class=\"_ _1\"></span>Nacional <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Eficiencia Energ\u00e9tica para el a\u00f1o 2024. <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">La  equivalencia  f<span class=\"_ _1\"></span>inanciera  para <span class=\"_ _12\"> </span>el  a\u00f1o  2024 <span class=\"_ _12\"> </span>se  establece <span class=\"_ _12\"> </span>en  2,121  M\u20ac/ktep <span class=\"_ _12\"> </span>o  182.373,17 <span class=\"_ _12\"> </span>\u20ac/G<span class=\"_ _6\"></span>Wh </span></span>ahorrado. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _6\"></span>establece <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>objetivo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>ahorro <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _6\"></span>final <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Sistema <span class=\"_ _6\"></span>Nacional <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>Ob<span class=\"_ _6\"></span>ligaciones <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>Eficiencia </span></span>Energ\u00e9tica de 375 ktep o<span class=\"_ _6\"></span> 4.361,25 GWh p<span class=\"_ _6\"></span>ara el a\u00f1o 2024.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">El valor de la a<span class=\"_ _6\"></span>portaci\u00f3n al fondo s<span class=\"_ _6\"></span>er\u00e1 de 0,000947453 \u20ac/k<span class=\"_ _6\"></span>Wh.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Los s<span class=\"_ _6\"></span>ujetos <span class=\"_ _6\"></span>obligados <span class=\"_ _6\"></span>deber\u00e1n s<span class=\"_ _6\"></span>atisfacer obligato<span class=\"_ _6\"></span>riamente a<span class=\"_ _6\"></span>l menos<span class=\"_ _6\"></span> un <span class=\"_ _6\"></span>35 <span class=\"_ _6\"></span>% d<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>u cuota<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de obligaci\u00f3n<span class=\"_ _6\"></span> </span></span>de<span class=\"ls0_1\"> <span class=\"_ _11\"> </span>ahorro <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>2024 <span class=\"_ _11\"> </span>median<span class=\"_ _6\"></span>te <span class=\"_ _11\"> </span>ap<span class=\"_ _6\"></span>ortaciones <span class=\"_ _12\"> </span>econ\u00f3micas <span class=\"_ _11\"> </span>al <span class=\"_ _12\"> </span>FNEE, <span class=\"_ _12\"> </span>pudiendo <span class=\"_ _11\"> </span>sat<span class=\"_ _6\"></span>isfacer <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>resto <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>su </span>obligaci\u00f3n mediante la liqu<span class=\"_ _6\"></span>idaci\u00f3n d<span class=\"_ _6\"></span>e CAE. Orden <span class=\"_ _11\"> </span>TE<span class=\"_ _6\"></span>D/353/2024<span class=\"ff4\">, <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>11 <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>ab<span class=\"_ _6\"></span>ril, <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>establecen <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>valores <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>operaci\u00f3n </span>correspondientes <span class=\"_ _1e\"> </span>al <span class=\"_ _18\"> </span>segundo<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>semestre <span class=\"_ _18\"> </span>natura<span class=\"_ _6\"></span>l <span class=\"_ _18\"> </span>del <span class=\"_ _18\"> </span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _18\"> </span>2023, <span class=\"_ _18\"> </span>ap<span class=\"_ _6\"></span>licables <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>eterminadas<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>insta<span class=\"_ _6\"></span>laciones <span class=\"_ _18\"> </span>de producci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>ener<span class=\"_ _6\"></span>g\u00eda <span class=\"_ _e\"></span>el\u00e9ctrica <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>artir <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>fuentes <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>energ\u00eda <span class=\"_ _e\"></span>renov<span class=\"_ _6\"></span>ables, <span class=\"_ _e\"></span>cogeneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>residu<span class=\"_ _6\"></span>os, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>rueban nuevas <span class=\"_ _6\"></span>ins<span class=\"_ _6\"></span>talaciones <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> su<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>correspond<span class=\"_ _6\"></span>ientes <span class=\"_ _6\"></span>par\u00e1metros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>retributivos,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>esta <span class=\"_ _6\"></span>ocasi\u00f3n <span class=\"_ _6\"></span>fija <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>res <span class=\"_ _6\"></span>de la retribuci\u00f3n a la o<span class=\"_ _6\"></span>peraci\u00f3n c<span class=\"_ _6\"></span>orrespond<span class=\"_ _6\"></span>ientes al segundo<span class=\"_ _6\"></span> semestre natural del a\u00f1<span class=\"_ _6\"></span>o 2023 <span class=\"_ _6\"></span>de las ins<span class=\"_ _6\"></span>talaciones de cogeneraci\u00f3n, centrales d<span class=\"_ _6\"></span>e biomasa y<span class=\"_ _6\"></span> biocombustibles<span class=\"_ _6\"></span>. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">El <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>biomasa <span class=\"_ _0\"></span>estipulado <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>orden <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>segundo <span class=\"_ _0\"></span>semestre <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>ha <span class=\"_ _0\"></span>obtenid<span class=\"_ _6\"></span>o </span></span>aplicando un<span class=\"_ _6\"></span> incremento del <span class=\"_ _6\"></span>0,5% a partir d<span class=\"_ _6\"></span>e los valo<span class=\"_ _6\"></span>res definidos<span class=\"_ _6\"></span> del primer se<span class=\"_ _6\"></span>mestre del mis<span class=\"_ _6\"></span>mo a\u00f1o, seg\u00fan la metodolog\u00eda v<span class=\"_ _6\"></span>igente con el incremento<span class=\"_ _6\"></span> del 1% anu<span class=\"_ _15\"></span>al. Tipo de Combustible Valor 1er Sem 2023 Valor 2do Sem 2023 Coste biomasa b.6. 50,85 \u20ac/t<span class=\"ff4\"> </span>51,1 \u20ac/t<span class=\"ff4\"> </span>Coste biomasa b.6. 42,39 \u20ac/t<span class=\"ff4\"> </span>42,6 \u20ac/t<span class=\"ff4\"> </span>Resoluci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>22 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>abril <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024<span class=\"_ _6\"></span><span class=\"ff4\">, <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Secr<span class=\"_ _6\"></span>etar\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Estado <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Energ\u00eda, <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _15\"></span>publica <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Acuerdo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e </span>Consejo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Ministros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>16 <span class=\"_ _6\"></span>de ab<span class=\"_ _6\"></span>ril d<span class=\"_ _6\"></span>e 2024, <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>el q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>modifican <span class=\"_ _6\"></span>aspectos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>puntuales <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Plan <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>desar<span class=\"_ _6\"></span>rollo de <span class=\"_ _6\"></span>la <span class=\"_ _10\"></span>red <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>trans<span class=\"_ _6\"></span>porte <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica <span class=\"_ _15\"></span>2021 <span class=\"_ _10\"></span>-2026, <span class=\"_ _15\"></span>aprobad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>Acuerdo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Consejo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Ministros <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>22 de marzo de 20<span class=\"_ _6\"></span>22, por e<span class=\"_ _6\"></span>l que s<span class=\"_ _6\"></span>e aprue<span class=\"_ _6\"></span>ba la Planifi<span class=\"_ _6\"></span>caci\u00f3n de la <span class=\"_ _6\"></span>Red de Transp<span class=\"_ _6\"></span>orte de E<span class=\"_ _6\"></span>nerg\u00eda El\u00e9ctrica Horizo<span class=\"_ _6\"></span>nte<span class=\"_ _6\"></span> 2026, en la que incluye modificaciones del Plan de Desarrollo de la Red de Transporte de Energ\u00eda El\u00e9ctrica 2021<span class=\"_ _15\"></span>-<span class=\"_ _33\"> </span>2026, <span class=\"_ _6\"></span>entre<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>encue<span class=\"_ _6\"></span>ntran <span class=\"_ _15\"></span>veintitr\u00e9s <span class=\"_ _15\"></span>actu<span class=\"_ _6\"></span>aciones <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>atender<span class=\"_ _15\"></span> <span class=\"_ _15\"></span>nuevas <span class=\"_ _15\"></span>demandas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>elevada <span class=\"_ _15\"></span>potencia,<span class=\"_ _6\"></span> nueve <span class=\"_ _15\"></span>actuacio<span class=\"_ _6\"></span>nes <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>almacenamiento <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>generaci\u00f3n <span class=\"_ _15\"></span>reno<span class=\"_ _6\"></span>vable, <span class=\"_ _15\"></span>tres<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>actuaciones<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>cubrir <span class=\"_ _10\"></span>necesidades <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e operaci\u00f3n, <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>treinta <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>ocho <span class=\"_ _18\"> </span>actuaciones <span class=\"_ _18\"> </span>para <span class=\"_ _18\"> </span>atender <span class=\"_ _18\"> </span>necesidades <span class=\"_ _18\"> </span>surgidas<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>la  ejecuci\u00f3n <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>propia planificaci\u00f3n vigente.<span class=\"_ _6\"></span> La r<span class=\"_ _6\"></span>esoluci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>19 <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>abril <span class=\"_ _6\"></span>de 2024<span class=\"_ _6\"></span><span class=\"ff4\">, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Com<span class=\"_ _6\"></span>isi\u00f3n <span class=\"_ _6\"></span>Nacional <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>Mercados <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Competencia, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se </span>establece <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>procedimiento <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>gesti\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>conexiones <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>lantas <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>biometano <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>red <span class=\"_ _0\"></span>de transporte <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>distribuci\u00f3n, <span class=\"_ _12\"> </span>tiene <span class=\"_ _11\"> </span>como <span class=\"_ _12\"> </span>ob<span class=\"_ _6\"></span>jetivo <span class=\"_ _12\"> </span>gestionar <span class=\"_ _11\"> </span>las <span class=\"_ _12\"> </span>conexiones<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>entre  las <span class=\"_ _11\"> </span>plantas <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>generaci\u00f3n <span class=\"_ _12\"> </span>de<span class=\"_ _6\"></span> biometano en la red de tra<span class=\"_ _6\"></span>nsporte y d<span class=\"_ _6\"></span>istribuci\u00f3n de gas n<span class=\"_ _6\"></span>atural.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">\u00c1mbito  de <span class=\"_ _12\"> </span>aplicaci\u00f3n<span class=\"_ _6\"></span>.  Solicitantes  de  conexi\u00f3n <span class=\"_ _12\"> </span>de  plantas  de  biometano <span class=\"_ _12\"> </span>a  redes  de  transporte  y </span></span>distribuci\u00f3n d<span class=\"_ _6\"></span>e gas, as\u00ed como a titu<span class=\"_ _6\"></span>lares de estas r<span class=\"_ _6\"></span>edes y al gestor t\u00e9cnico del sis<span class=\"_ _6\"></span>tema.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Gesti\u00f3n de solicitudes<span class=\"_ _6\"></span>. </span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Los<span class=\"_ _6\"></span> productores d<span class=\"_ _6\"></span>eben enviar solicitudes d<span class=\"_ _6\"></span>e conexi\u00f3n al trans<span class=\"_ _6\"></span>portista o dis<span class=\"_ _6\"></span>tribuidor.<span class=\"_ _6\"></span> </span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">El titu<span class=\"_ _6\"></span>lar de la red actuar<span class=\"_ _6\"></span>\u00e1 como \u00fanico punto d<span class=\"_ _6\"></span>e contacto.<span class=\"_ _6\"></span> </span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Se <span class=\"_ _18\"> </span>establecen <span class=\"_ _18\"> </span>plataformas <span class=\"_ _18\"> </span>web <span class=\"_ _18\"> </span>para  g<span class=\"_ _6\"></span>estionar <span class=\"_ _18\"> </span>las  s<span class=\"_ _6\"></span>olicitudes, <span class=\"_ _18\"> </span>formularios  y<span class=\"_ _6\"></span>  mode<span class=\"_ _6\"></span>los <span class=\"_ _18\"> </span>de<span class=\"_ _33\"> </span></span></span>contrato.<span class=\"_ _33\"> </span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>comunicaciones<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>notificaciones <span class=\"_ _10\"></span>deben <span class=\"_ _15\"></span>hacers<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>me<span class=\"_ _6\"></span>dios <span class=\"_ _15\"></span>electr\u00f3nicos<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>garantiz<span class=\"_ _6\"></span>ando <span class=\"_ _10\"></span>la<span class=\"_ _33\"> </span></span></span>trazabilidad d<span class=\"_ _6\"></span>e las mismas<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Las<span class=\"_ _6\"></span> solicitudes d<span class=\"_ _6\"></span>e conexi\u00f3n se tramitar\u00e1n conforme a un<span class=\"_ _6\"></span> criterio de prelaci\u00f3n<span class=\"_ _6\"></span> temporal.<span class=\"_ _33\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Pueden co<span class=\"_ _6\"></span>brarse costos<span class=\"_ _6\"></span> por la elaboraci\u00f3n del p<span class=\"_ _6\"></span>resupuesto de conexi\u00f3n, q<span class=\"_ _6\"></span>ue ser\u00e1 descon<span class=\"_ _6\"></span>tado<span class=\"_ _33\"> </span></span></span>en caso de acept<span class=\"_ _6\"></span>aci\u00f3n.<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Peticiones de<span class=\"_ _6\"></span> infor<span class=\"_ _6\"></span>maci\u00f3n p<span class=\"_ _6\"></span>reliminar. Lo<span class=\"_ _6\"></span>s inter<span class=\"_ _6\"></span>esados <span class=\"_ _6\"></span>pueden <span class=\"_ _6\"></span>solicitar <span class=\"_ _6\"></span>informaci\u00f3n <span class=\"_ _6\"></span>antes<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>presentar<span class=\"_ _33\"> </span></span></span>una <span class=\"_ _18\"> </span>solicitud. <span class=\"_ _18\"> </span>Las  respu<span class=\"_ _6\"></span>estas <span class=\"_ _18\"> </span><span class=\"ff9\">-no  vinc<span class=\"_ _6\"></span>ulantes</span>- <span class=\"_ _18\"> </span>deben  in<span class=\"_ _6\"></span>cluir <span class=\"_ _18\"> </span>detalles  so<span class=\"_ _6\"></span>bre  pu<span class=\"_ _6\"></span>ntos <span class=\"_ _18\"> </span>de  conexi\u00f3n <span class=\"_ _18\"> </span>y<span class=\"_ _33\"> </span>capacidades d<span class=\"_ _6\"></span>e la red.<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Plazos de gesti\u00f3n<span class=\"_ _6\"></span> de solicitudes.<span class=\"_ _33\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">El titular de la red <span class=\"_ _1\"></span>debe confirmar la admisi\u00f3n o inadmisi\u00f3n <span class=\"_ _e\"></span>de la solicitud <span class=\"_ _6\"></span>-<span class=\"ff9\">5 d\u00edas h\u00e1biles</span>-<span class=\"lsf\">. </span>Si <span class=\"_ _1\"></span>se<span class=\"_ _33\"> </span></span></span>requiere subsanaci\u00f3<span class=\"_ _6\"></span>n, se otorga un p<span class=\"_ _6\"></span>lazo adicional d<span class=\"_ _6\"></span>e 5 d\u00edas h\u00e1biles.<span class=\"_ _33\"> </span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Una <span class=\"_ _15\"></span>vez <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>mitida <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>tr\u00e1mite <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>solicitud,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>eval\u00faa <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>capacidad <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inyecci\u00f3n <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>ultar\u00e1 <span class=\"_ _6\"></span>al<span class=\"_ _33\"> </span></span></span>resto de los titu<span class=\"_ _6\"></span>lares de las redes situ<span class=\"_ _6\"></span>adas aguas arriba y<span class=\"_ _6\"></span> aguas abajo <span class=\"_ _6\"></span>-<span class=\"ff9\">5 d\u00edas h<span class=\"_ _6\"></span>\u00e1biles</span>-.<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Contestaci\u00f3n <span class=\"_ _11\"> </span>a <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>solicitu<span class=\"_ _6\"></span>d. <span class=\"_ _11\"></span>Se <span class=\"_ _0\"></span>comun<span class=\"_ _6\"></span>icar\u00e1 <span class=\"_ _11\"></span>al <span class=\"_ _11\"></span>solicitante <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>aceptaci\u00f3n <span class=\"_ _11\"></span>o <span class=\"_ _0\"></span>denega<span class=\"_ _6\"></span>ci\u00f3n, <span class=\"_ _11\"> </span>incluyendo<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>los<span class=\"_ _33\"> </span></span></span>detalles <span class=\"_ _18\"> </span>t\u00e9cnicos, <span class=\"_ _18\"> </span>econ\u00f3micos <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>conexi\u00f3n <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>caso <span class=\"_ _18\"> </span>de  aceptaci\u00f3<span class=\"_ _6\"></span>n. <span class=\"_ _18\"> </span>En <span class=\"_ _18\"> </span>caso <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>denegaci\u00f3n, <span class=\"_ _18\"> </span>se<span class=\"_ _33\"> </span>especificar\u00e1n las razon<span class=\"_ _6\"></span>es.<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Aceptaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>presupues<span class=\"_ _6\"></span>to. El <span class=\"_ _6\"></span>solicitante <span class=\"_ _6\"></span>tiene <span class=\"_ _6\"></span>60 <span class=\"_ _6\"></span>d\u00edas <span class=\"_ _6\"></span>h\u00e1biles <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>aceptar <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>presupuesto <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>firmar <span class=\"_ _6\"></span>el<span class=\"_ _33\"> </span></span></span>contrato de con<span class=\"_ _6\"></span>exi\u00f3n. El no cumplimiento en p<span class=\"_ _6\"></span>lazo se considera u<span class=\"_ _6\"></span>na renuncia a <span class=\"_ _6\"></span>la conexi\u00f3n.<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Alta del punto de inyecci\u00f3n. Previo a la puesta en marcha de la conexi\u00f3n, el titular de la red solicitar\u00e1 la<span class=\"_ _33\"> </span></span></span>inclusi\u00f3n del n<span class=\"_ _6\"></span>uevo punto de inyecci\u00f3n al s<span class=\"_ _6\"></span>istema SL<span class=\"_ _6\"></span>-ATR.<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Obligaciones de informa<span class=\"_ _6\"></span>ci\u00f3n a la CNMC.<span class=\"_ _33\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Antes <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>15 d<span class=\"_ _6\"></span>e febrero <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>a\u00f1o,<span class=\"_ _6\"></span> los <span class=\"_ _6\"></span>titulares <span class=\"_ _6\"></span>de redes<span class=\"_ _6\"></span> deben <span class=\"_ _6\"></span>enviar <span class=\"_ _6\"></span>a la <span class=\"_ _6\"></span>CNMC <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>listado<span class=\"_ _33\"> </span></span></span>de <span class=\"_ _0\"></span>las <span class=\"_ _11\"></span>solicitudes <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>conexi\u00f3n <span class=\"_ _11\"></span>recibidas <span class=\"_ _0\"></span>has<span class=\"_ _6\"></span>ta <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>a\u00f1o <span class=\"_ _0\"></span>an<span class=\"_ _6\"></span>terior, <span class=\"_ _0\"></span>co<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>us<span class=\"_ _33\"> </span>caracter\u00edsticas y esta<span class=\"_ _6\"></span>do de tramitaci\u00f3n.<span class=\"_ _33\"> </span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Lista<span class=\"_ _6\"></span>do <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>conexiones <span class=\"_ _1c\"> </span>aceptadas, <span class=\"_ _1e\"> </span>incluyend<span class=\"_ _6\"></span>o <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>contratos <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>con<span class=\"_ _6\"></span>exi\u00f3n <span class=\"_ _17\"> </span>firmados <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>las<span class=\"_ _33\"> </span></span></span>caracter\u00edsticas t\u00e9cnicas y<span class=\"_ _6\"></span> presupu<span class=\"_ _6\"></span>estarias de cada <span class=\"_ _6\"></span>conexi\u00f3n.<span class=\"_ _33\"> </span>La <span class=\"_ _e\"></span>Orden TED/526/2024<span class=\"ff4\">, <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>mayo, <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>establece <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>metod<span class=\"_ _6\"></span>olog\u00eda <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>actualizaci\u00f3n de <span class=\"_ _a\"></span>la <span class=\"_ _1\"></span>retribuci\u00f3n<span class=\"_ _33\"> </span></span>a la <span class=\"_ _e\"></span>op<span class=\"_ _6\"></span>eraci\u00f3n de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> instalaciones tipo <span class=\"_ _1\"></span>de ge<span class=\"_ _1\"></span>neraci\u00f3n de e<span class=\"_ _1\"></span>nerg\u00eda el\u00e9ctrica cuyos <span class=\"_ _1\"></span>costes de <span class=\"_ _1\"></span>explotaci\u00f3n dependan<span class=\"_ _33\"> </span>esencialmente del <span class=\"_ _6\"></span>precio d<span class=\"_ _6\"></span>el combu<span class=\"_ _6\"></span>stible y<span class=\"_ _6\"></span> se <span class=\"_ _6\"></span>actual<span class=\"_ _6\"></span>izan sus<span class=\"_ _6\"></span> valo<span class=\"_ _6\"></span>res de retribu<span class=\"_ _6\"></span>ci\u00f3n a <span class=\"_ _6\"></span>la operaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>aplicaci\u00f3n<span class=\"_ _33\"> </span>a <span class=\"_ _0\"></span>partir <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>enero <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2024 <span class=\"_ _10\"></span>y <span class=\"_ _0\"></span>es<span class=\"_ _6\"></span>tablece <span class=\"_ _0\"></span>aspectos <span class=\"_ _0\"></span>relacionados <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actualiz<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la<span class=\"_ _33\"> </span>Retribuci\u00f3n a la op<span class=\"_ _6\"></span>eraci\u00f3n.<span class=\"_ _33\"> </span>Los principales<span class=\"_ _6\"></span> aspectos que contempla <span class=\"_ _6\"></span>la nueva metodolog<span class=\"_ _6\"></span>\u00eda:<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se llevar\u00e1 a cabo un<span class=\"_ _6\"></span>a actualizaci\u00f3n de la Retribu<span class=\"_ _6\"></span>ci\u00f3n a la Operaci\u00f3n<span class=\"_ _6\"></span> (Ro) trimestralmente.<span class=\"_ _33\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _6\"></span>excluye <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>stalaciones <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>biomas<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>ajuste <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>esviaciones <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>precio <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>mercado <span class=\"_ _6\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>3<span class=\"_ _33\"> </span></span></span>a\u00f1os. En su<span class=\"_ _6\"></span> lugar, ser\u00e1 cada 3 meses.<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Las variab<span class=\"_ _6\"></span>les a tener en cuenta de cara a la a<span class=\"_ _6\"></span>ctualizaci\u00f3n de la r<span class=\"_ _6\"></span>etribuci\u00f3n a la o<span class=\"_ _6\"></span>peraci\u00f3n ser\u00e1n:<span class=\"_ _33\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Es<span class=\"_ _6\"></span>timaci\u00f3n del precio de m<span class=\"_ _6\"></span>ercado el\u00e9ctrico.<span class=\"_ _33\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Es<span class=\"_ _6\"></span>timaci\u00f3n del precio de los<span class=\"_ _6\"></span> derechos de emisi\u00f3n<span class=\"_ _6\"></span> de CO2, para la <span class=\"_ _6\"></span>cogeneraci\u00f3n.<span class=\"_ _33\"> </span></span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Es<span class=\"_ _6\"></span>timaci\u00f3n del precio del com<span class=\"_ _6\"></span>bustible.<span class=\"_ _33\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La estimaci\u00f3n <span class=\"_ _1\"></span>del precio <span class=\"_ _e\"></span>de mercado el\u00e9ctrico <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara el <span class=\"_ _e\"></span>trimes<span class=\"_ _6\"></span>tre a <span class=\"_ _e\"></span>calcu<span class=\"_ _6\"></span>lar tendr\u00e1 <span class=\"_ _1\"></span>en cuenta <span class=\"_ _e\"></span>la cotizaci\u00f3n<span class=\"_ _33\"> </span></span></span>del mercado a futu<span class=\"_ _6\"></span>ros anual y trimestral pon<span class=\"_ _6\"></span>derados respectivamente.<span class=\"_ _33\"> </span>Metodolog\u00eda de actualizaci\u00f3<span class=\"_ _6\"></span>n de la retribuci\u00f3n a<span class=\"_ _6\"></span> la operaci\u00f3n p<span class=\"_ _6\"></span>ara las instalacion<span class=\"_ _6\"></span>es de biomasa:<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La <span class=\"_ _e\"></span>estimaci\u00f3n <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>pr<span class=\"_ _6\"></span>ecio <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>combu<span class=\"_ _6\"></span>stible <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>instalaciones <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>biomas<span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>tendr\u00e1 <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>enta <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>evoluci\u00f3n<span class=\"_ _6\"></span> </span></span>del IPRI, del precio del trans<span class=\"_ _6\"></span>porte y el Salario M\u00ednimo In<span class=\"_ _6\"></span>terprofesional.<span class=\"_ _15\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La metodolog\u00eda de actualiz<span class=\"_ _6\"></span>aci\u00f3n d<span class=\"_ _6\"></span>e la retribuci\u00f3n a la o<span class=\"_ _6\"></span>peraci\u00f3n de insta<span class=\"_ _6\"></span>laciones de biom<span class=\"_ _6\"></span>asa tendr\u00e1<span class=\"_ _6\"></span> en </span></span>cuenta <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>impuesto <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>7 <span class=\"_ _15\"></span>%, <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>costes <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>combus<span class=\"_ _6\"></span>tible, <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>costes <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>peraci\u00f3n <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>manten<span class=\"_ _6\"></span>imiento <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>los ingresos por v<span class=\"_ _6\"></span>enta en el mercado.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Para el ajuste por <span class=\"_ _1\"></span>afecci\u00f3n a la<span class=\"_ _1\"></span> retribuci\u00f3n a la <span class=\"_ _1\"></span>inversi\u00f3n para las in<span class=\"_ _1\"></span>stalaciones de biomasa, se tendr\u00e1 <span class=\"_ _e\"></span>en<span class=\"_ _6\"></span> </span></span>cuenta lo siguiente:<span class=\"_ _6\"></span> o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Los<span class=\"_ _6\"></span> valores publicado<span class=\"_ _6\"></span>s de los flujos d<span class=\"_ _6\"></span>e caja estimados p<span class=\"_ _6\"></span>ara el semiperiodo regulatorio.<span class=\"_ _15\"></span> </span></span>o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">Se <span class=\"_ _18\"> </span>pu<span class=\"_ _6\"></span>blicar\u00e1n <span class=\"_ _18\"> </span>trimestralmen<span class=\"_ _6\"></span>te, <span class=\"_ _18\"> </span>junto<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>con <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>v<span class=\"_ _6\"></span>alores <span class=\"_ _18\"> </span>actualizados<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>a <span class=\"_ _18\"> </span>la </span></span>operaci\u00f3n, los v<span class=\"_ _6\"></span>alores de los flujos d<span class=\"_ _6\"></span>e caja trimestrales as<span class=\"_ _6\"></span>ociados a cad<span class=\"_ _6\"></span>a instalaci\u00f3n.<span class=\"_ _6\"></span> o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">El <span class=\"_ _0\"></span>aj<span class=\"_ _6\"></span>uste <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>afecci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _0\"></span>ser\u00e1 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>aplicaci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>egundo </span></span>semestre d<span class=\"_ _6\"></span>el a\u00f1o <span class=\"_ _6\"></span>2024. <span class=\"_ _6\"></span>El an<span class=\"_ _6\"></span>exo <span class=\"_ _6\"></span>II de <span class=\"_ _6\"></span>la Ord<span class=\"_ _6\"></span>en r<span class=\"_ _6\"></span>ecoge los<span class=\"_ _6\"></span> flu<span class=\"_ _6\"></span>jos <span class=\"_ _6\"></span>de caja <span class=\"_ _6\"></span>del s<span class=\"_ _6\"></span>egundo <span class=\"_ _6\"></span>semestre del a\u00f1o 2024 y de los<span class=\"_ _6\"></span> dos semestres del a\u00f1o<span class=\"_ _6\"></span> 2025.<span class=\"_ _6\"></span> o<span class=\"ff2\"> <span class=\"_ _14\"> </span><span class=\"ff4\">La <span class=\"_ _11\"></span>CNMC <span class=\"_ _0\"></span>realizar\u00e1 <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>Informe <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>seguimiento <span class=\"_ _0\"></span>del <span class=\"_ _11\"></span>mercado <span class=\"_ _0\"></span>el\u00e9ctrico <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>mercad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>gas </span></span>natural <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>propuesta <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>vinculante <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>coe<span class=\"_ _6\"></span>ficientes <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e p<span class=\"_ _6\"></span>onderaci\u00f3n <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>timaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de precios. Ajuste tra<span class=\"_ _6\"></span>nsitorio a p<span class=\"_ _6\"></span>osteriori por <span class=\"_ _6\"></span>desviaci\u00f3n <span class=\"_ _6\"></span>del precio <span class=\"_ _6\"></span>del mercado el\u00e9ctrico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>del precio <span class=\"_ _6\"></span>del combu<span class=\"_ _6\"></span>stible en <span class=\"_ _6\"></span>el primer semestre del a\u00f1o 202<span class=\"_ _6\"></span>4 para <span class=\"_ _6\"></span>las instalaciones d<span class=\"_ _6\"></span>e biomasa.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Al <span class=\"_ _0\"></span>finalizar<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>primer <span class=\"_ _11\"></span>semestre <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _11\"></span>2024, <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>organismo <span class=\"_ _0\"></span>encargado <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>liquidaci\u00f3n <span class=\"_ _11\"> </span>proceder\u00e1 <span class=\"_ _11\"></span>a </span></span>calcular el valor de <span class=\"_ _1\"></span>desv<span class=\"_ _6\"></span>iaci\u00f3n mensual del precio de mercado el\u00e9ctrico, as\u00ed como el valor de <span class=\"_ _1\"></span>desviaci\u00f3n<span class=\"_ _6\"></span> del <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>combu<span class=\"_ _6\"></span>stible <span class=\"_ _15\"></span>(se <span class=\"_ _15\"></span>emplear\u00e1 <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>\u00falti<span class=\"_ _6\"></span>mo <span class=\"_ _15\"></span>co<span class=\"_ _6\"></span>eficiente <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>apu<span class=\"_ _6\"></span>ntamiento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>corresp<span class=\"_ _6\"></span>ondiente tecnolog\u00eda publicado<span class=\"_ _6\"></span> por la CNMC).<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">El valo<span class=\"_ _6\"></span>r de <span class=\"_ _6\"></span>desviaci\u00f3n <span class=\"_ _6\"></span>mensual <span class=\"_ _6\"></span>total <span class=\"_ _6\"></span>es la <span class=\"_ _6\"></span>suma <span class=\"_ _6\"></span>del valo<span class=\"_ _6\"></span>r de <span class=\"_ _6\"></span>desv<span class=\"_ _6\"></span>iaci\u00f3n mens<span class=\"_ _6\"></span>ual del <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de mercad<span class=\"_ _6\"></span>o </span></span>el\u00e9ctrico y el valor d<span class=\"_ _6\"></span>e desviaci\u00f3n del p<span class=\"_ _6\"></span>recio del combustible.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La <span class=\"_ _1\"></span>cantidad mensual <span class=\"_ _e\"></span>para liq<span class=\"_ _1\"></span>uidar por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>\u00f3rgano <span class=\"_ _1\"></span>encargado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>las liquidaciones <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>calcu<span class=\"_ _6\"></span>lar <span class=\"_ _e\"></span>multiplicand<span class=\"_ _6\"></span>o </span></span>el <span class=\"_ _1\"></span>valor de <span class=\"_ _1\"></span>desviaci\u00f3n entre f<span class=\"_ _1\"></span>lujos de caja <span class=\"_ _1\"></span>del correspondiente <span class=\"_ _e\"></span>trimestre por la <span class=\"_ _e\"></span>ener<span class=\"_ _6\"></span>g\u00eda mensual vendida en el mercado de prod<span class=\"_ _6\"></span>ucci\u00f3n. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span>ma <span class=\"_ _e\"></span>mensual <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>operaci\u00f3n, <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>inversi\u00f3n <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>ajuste <span class=\"_ _e\"></span>por afe<span class=\"_ _1\"></span>cci\u00f3n </span></span>a la retribuci\u00f3n a la<span class=\"_ _6\"></span> inversi\u00f3n no p<span class=\"_ _6\"></span>uede resultar un valor n<span class=\"_ _6\"></span>egativo.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Las <span class=\"_ _19\"> </span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _19\"> </span>podr\u00e1n <span class=\"_ _19\"> </span>renunciar <span class=\"_ _25\"> </span>al <span class=\"_ _19\"> </span>procedimiento <span class=\"_ _19\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _19\"> </span>ajuste <span class=\"_ _25\"> </span>regulado <span class=\"_ _19\"> </span>en <span class=\"_ _19\"> </span>esta <span class=\"_ _19\"> </span>disp<span class=\"_ _6\"></span>osici\u00f3n </span></span>comunic\u00e1ndolo <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>organ<span class=\"_ _6\"></span>ismo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>liquidaci\u00f3<span class=\"_ _6\"></span>n, <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>anterioridad<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>finalizaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>plazo <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>veinte <span class=\"_ _15\"></span>d\u00edas h\u00e1biles desde la en<span class=\"_ _6\"></span>trada en vigor de esta o<span class=\"_ _6\"></span>rden.<span class=\"_ _6\"></span> En <span class=\"_ _11\"> </span>relaci\u00f3n <span class=\"_ _11\"> </span>con <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>estimaci\u00f3n <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>precio <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>combustible <span class=\"_ _11\"> </span>para <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>instalaciones <span class=\"_ _11\"> </span>tipo <span class=\"_ _11\"> </span>biomasa, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>mediante <span class=\"_ _11\"> </span>la aplicaci\u00f3n de la f\u00f3rmula, s<span class=\"_ _6\"></span>e han con<span class=\"_ _6\"></span>siderado los siguientes<span class=\"_ _6\"></span> valores para el primer semestre d<span class=\"_ _6\"></span>e 2024:<span class=\"_ _15\"></span> Pbiomasa<span class=\"_ _33\"> </span>2024,3T<span class=\"_ _33\"> </span>=Pbiomasa<span class=\"_ _33\"> </span>rec024,1S<span class=\"_ _33\"> </span>(1+<span class=\"ff11\">\ud835\udefc<span class=\"_ _33\"> </span></span>IPRI<span class=\"_ _33\"> </span>BdE<span class=\"_ _33\"> </span>,<span class=\"_ _33\"> </span>2024<span class=\"_ _33\"> </span>,<span class=\"_ _33\"> </span>2T<span class=\"_ _33\"> </span>\u2212<span class=\"_ _33\"> </span>IPRI<span class=\"_ _33\"> </span>BdE<span class=\"_ _33\"> </span>,<span class=\"_ _33\"> </span>2023<span class=\"_ _33\"> </span>IPRI<span class=\"_ _33\"> </span>BdE<span class=\"_ _33\"> </span>,<span class=\"_ _33\"> </span>2023<span class=\"_ _33\"> </span>+\u03b2<span class=\"ff11 ls0_1\"> </span>Ptran<span class=\"_ _6\"></span>spo<span class=\"_ _6\"></span>rt<span class=\"_ _6\"></span>e<span class=\"_ _33\"> </span>2024<span class=\"_ _33\"> </span>,<span class=\"_ _33\"> </span>2T<span class=\"_ _33\"> </span>\u2212<span class=\"_ _33\"> </span>Ptran<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>por<span class=\"_ _6\"></span>te<span class=\"_ _33\"> </span>2023<span class=\"_ _33\"> </span>Ptransporte<span class=\"_ _33\"> </span>2023<span class=\"_ _33\"> </span>+\u1d5e<span class=\"ff11 fsc ls0_1\"> </span>SMI<span class=\"_ _33\"> </span>2024<span class=\"_ _33\"> </span>,<span class=\"_ _33\"> </span>2T<span class=\"_ _33\"> </span>\u2212<span class=\"_ _33\"> </span>SMI<span class=\"_ _33\"> </span>2023<span class=\"_ _33\"> </span>SMI<span class=\"_ _33\"> </span>2023<span class=\"_ _33\"> </span>) Precio Biomasa grupo b.6  (\u20ac/t)<span class=\"ff4\"> </span>58,66 Precio Biomasa grupo b.8  (\u20ac/t)<span class=\"ff4\"> </span>48,89 Aspectos de afecci\u00f3n a<span class=\"_ _6\"></span> instalaciones<span class=\"_ _6\"></span> del RECORE y las<span class=\"_ _6\"></span> subastas REE<span class=\"_ _6\"></span>R. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La <span class=\"_ _6\"></span>norma <span class=\"_ _6\"></span>introdu<span class=\"_ _6\"></span>ce u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e afecta <span class=\"_ _6\"></span>a<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>determinad<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>acogidas <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>RECORE <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cara <span class=\"_ _6\"></span>a<span class=\"_ _6\"></span>l </span></span>futuro c\u00e1lculo del \u201cVajdm\u201d a llevar a cabo al finalizar los <span class=\"_ _1\"></span>semiperiodos<span class=\"_ _6\"></span> regulatorios conforme al art\u00edculo 22 del RD <span class=\"_ _6\"></span>413/2014. <span class=\"_ _6\"></span>No <span class=\"_ _6\"></span>obstante, es<span class=\"_ _6\"></span>ta Orden <span class=\"_ _6\"></span>excluy<span class=\"_ _6\"></span>e expre<span class=\"_ _6\"></span>samente d<span class=\"_ _6\"></span>e este <span class=\"_ _6\"></span>c\u00e1lculo a <span class=\"_ _6\"></span>las ins<span class=\"_ _6\"></span>talaciones de <span class=\"_ _0\"></span>biomasa,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>cogeneraci\u00f3n <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>tratamiento <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>residuos. <span class=\"_ _0\"></span>Po<span class=\"_ _6\"></span>r <span class=\"_ _0\"></span>otra <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>arte, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>RD <span class=\"_ _11\"></span>413/2014, <span class=\"_ _0\"></span>excluye <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la aplicaci\u00f3n del precio cesta, a las instalaciones de peque\u00f1o tama\u00f1o, tales como fotovoltaicas menores o<span class=\"_ _6\"></span> iguales a 10MW, <span class=\"_ _6\"></span>e\u00f3licas menores o<span class=\"_ _6\"></span> iguales a 5MW <span class=\"_ _6\"></span>e hidr\u00e1ulicas n<span class=\"_ _6\"></span>o superiores a<span class=\"_ _6\"></span> 10MW. E<span class=\"_ _6\"></span>n este caso s<span class=\"_ _6\"></span>\u00ed se <span class=\"_ _11\"> </span>llevar\u00e1 <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>cabo <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>c\u00e1lculo <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>\u201c<span class=\"_ _6\"></span>Vajdm\u201d, <span class=\"_ _11\"> </span>pero <span class=\"_ _11\"> </span>\u00fanicamente <span class=\"_ _11\"> </span>teniendo <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>cuenta <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>precio <span class=\"_ _11\"> </span>medio <span class=\"_ _11\"></span>del mercado diario e intradiario<span class=\"_ _6\"></span> de cada a\u00f1o<span class=\"_ _6\"></span>. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">La <span class=\"_ _11\"> </span>Orden <span class=\"_ _11\"> </span>incluye <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>valores <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>los <span class=\"_ _11\"> </span>coeficientes <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>ponderaci\u00f3n <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>considerar <span class=\"_ _11\"> </span>para <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>aplicaci\u00f3n <span class=\"_ _11\"></span>del </span></span>art\u00edculo <span class=\"_ _6\"></span>22 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Real <span class=\"_ _6\"></span>Decreto <span class=\"_ _6\"></span>413/2014 <span class=\"_ _6\"></span>sob<span class=\"_ _6\"></span>re \u201cVaj<span class=\"_ _6\"></span>dm\u201d. <span class=\"_ _6\"></span>Estos <span class=\"_ _6\"></span>coeficientes <span class=\"_ _6\"></span>son <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>tilizados <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>calcular <span class=\"_ _6\"></span>el \u201cprecio <span class=\"_ _15\"></span>cesta\u201d, <span class=\"_ _10\"></span>conforme <span class=\"_ _15\"></span>estab<span class=\"_ _6\"></span>lece <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Real <span class=\"_ _15\"></span>Decreto. <span class=\"_ _0\"></span><span class=\"ff4\">Los <span class=\"_ _15\"></span>valores <span class=\"_ _10\"></span>publicados <span class=\"_ _10\"></span>para <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>a\u00f1o <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>2025 <span class=\"_ _15\"></span>y </span>posteriores, s<span class=\"_ _6\"></span>on los que detallan en la tab<span class=\"_ _6\"></span>la adjunta<span class=\"_ _6\"></span>: Coeficiente Valores a\u00f1o 2024 Valores a\u00f1o 2025 y posteriores a2024 0,5 0,2 b2024 0,1 0,2 c2024,1 0,1 0,075 c2024,2 0,1 0,075 c2024,3 0,05 0,075 c2024,4 0 0,075 d2024,1 0,05 0,025 d2024,2 0,05 0,025 d2024,3 0,05 0,025 d2024,4 al d2024,12 0 0,025 \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">En to<span class=\"_ _6\"></span>do caso, <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>el a\u00f1o<span class=\"_ _6\"></span> 2024, el p<span class=\"_ _6\"></span>recio cesta <span class=\"_ _6\"></span>tomar\u00e1 <span class=\"_ _6\"></span>el va<span class=\"_ _6\"></span>lor m\u00ednimo <span class=\"_ _6\"></span>entra e<span class=\"_ _6\"></span>l valo<span class=\"_ _6\"></span>r medio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la cesta </span></span>de productos<span class=\"_ _6\"></span> y el precio medio anual <span class=\"_ _6\"></span>del mercado diario e intrad<span class=\"_ _6\"></span>iario<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Finalmente, <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>D<span class=\"_ _6\"></span>ispos<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _1\"></span>Final <span class=\"_ _1\"></span>Primera, <span class=\"_ _e\"></span>ta<span class=\"_ _6\"></span>mbi\u00e9n m<span class=\"_ _1\"></span>odifica la <span class=\"_ _e\"></span>Ord<span class=\"_ _6\"></span>en <span class=\"_ _1\"></span>TED/1161/2020 e<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>lo que <span class=\"_ _e\"></span>se ref<span class=\"_ _1\"></span>iere </span></span>a <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>garant\u00eda<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>competencia, <span class=\"_ _11\"> </span>art\u00edculo <span class=\"_ _11\"></span>8, <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _11\"> </span>como <span class=\"_ _11\"></span>lo <span class=\"_ _0\"></span>relativo <span class=\"_ _11\"> </span>al <span class=\"_ _11\"></span>proceso <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>casaci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>subasta, establecido en su<span class=\"_ _6\"></span> art\u00edculo 10. Resoluci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>23 <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>mayo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>2024<span class=\"ff4\">,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Comis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _0\"></span>Nacional <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>Mercados <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>Competencia, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e </span>aprueban las<span class=\"_ _6\"></span> reglas de funcio<span class=\"_ _6\"></span>namiento de los <span class=\"_ _6\"></span>mercados dia<span class=\"_ _6\"></span>rio e intrad<span class=\"_ _6\"></span>iario de electricida<span class=\"_ _6\"></span>d par<span class=\"_ _6\"></span>a su <span class=\"_ _15\"></span>adap<span class=\"_ _6\"></span>taci\u00f3n a las <span class=\"_ _0\"></span>subastas <span class=\"_ _0\"></span>europeas <span class=\"_ _0\"></span>intradiarias, <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>ella <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>ap<span class=\"_ _6\"></span>rueba <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>Reglas <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>funcionam<span class=\"_ _6\"></span>iento <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>mercados <span class=\"_ _10\"></span>diario<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>e<span class=\"_ _6\"></span> intradiario de electricidad, d<span class=\"_ _6\"></span>etalladas<span class=\"_ _6\"></span> en el anexo a la Res<span class=\"_ _6\"></span>oluci\u00f3n.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Estas  nuevas <span class=\"_ _12\"> </span>reglas  se <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>reparan <span class=\"_ _12\"> </span>par<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>recoger  los <span class=\"_ _12\"> </span>aspectos  necesarios <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _12\"> </span>la  implantaci\u00f3n <span class=\"_ _12\"> </span>de  las </span></span>subastas <span class=\"_ _6\"></span>intradiaria<span class=\"_ _6\"></span>s europ<span class=\"_ _6\"></span>eas que <span class=\"_ _6\"></span>sustituy<span class=\"_ _6\"></span>en a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>actuales <span class=\"_ _6\"></span>subastas <span class=\"_ _6\"></span>regionales <span class=\"_ _6\"></span>intradiarias<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>\u00e1mbito ib\u00e9rico \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Adicionalmente, <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>dejan <span class=\"_ _15\"></span>sin <span class=\"_ _6\"></span>efecto <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>reglas <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>robadas <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>Resoluci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>CNMC <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>23 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>febrero<span class=\"_ _6\"></span> </span></span>de 2023. La Resoluci\u00f3n de 27 <span class=\"_ _6\"></span>de junio de 2024<span class=\"_ _6\"></span><span class=\"ff4\">, de la Secr<span class=\"_ _6\"></span>etar\u00eda de E<span class=\"_ _6\"></span>stado d<span class=\"_ _6\"></span>e Energ\u00eda, por la que se actualizan<span class=\"_ _6\"></span> los valores </span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _15\"></span>a<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>operaci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _15\"></span>corres<span class=\"_ _6\"></span>pondientes <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>tercer<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>trimestre <span class=\"_ _10\"></span>natural <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>a\u00f1o <span class=\"_ _10\"></span>20<span class=\"_ _6\"></span>24 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>insta<span class=\"_ _6\"></span>laciones tipo <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>energ\u00eda <span class=\"_ _0\"></span>el\u00e9ctrica <span class=\"_ _11\"></span>cuyos <span class=\"_ _11\"></span>costes <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>explotaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _11\"></span>dependan <span class=\"_ _0\"></span>esencialmente <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>precio <span class=\"_ _0\"></span>del combustible, <span class=\"_ _10\"></span>estableci\u00e9ndose<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>siguientes <span class=\"_ _10\"></span>estimaciones <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>precio <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>b<span class=\"_ _6\"></span>iomasa <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>terc<span class=\"_ _6\"></span>er <span class=\"_ _15\"></span>trimestre <span class=\"_ _10\"></span>del a\u00f1o 2024: \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">59,63 <span class=\"_ _15\"></span>\u20ac/t <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>gru<span class=\"_ _6\"></span>po <span class=\"_ _15\"></span>b.6 <span class=\"_ _10\"></span><span class=\"ff4\">-representando <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>aumento <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>15,50 <span class=\"_ _10\"></span>% <span class=\"_ _15\"></span>con <span class=\"_ _10\"></span>respecto <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>estimaci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el </span></span></span>semestre anterior-<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">49,70 <span class=\"_ _6\"></span>\u20ac/t <span class=\"_ _15\"></span><span class=\"ff4\">-representa<span class=\"_ _6\"></span>ndo <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>aumento <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>6,10 <span class=\"_ _15\"></span>% <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>resp<span class=\"_ _6\"></span>ecto <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>esti<span class=\"_ _6\"></span>maci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>sem<span class=\"_ _6\"></span>estre <span class=\"_ _6\"></span>anterior<span class=\"_ _6\"></span> </span></span></span>para el grupo b.8.<span class=\"_ _6\"></span> Los v<span class=\"_ _6\"></span>alores d<span class=\"_ _6\"></span>e los \u00ednd<span class=\"_ _6\"></span>ices empleados <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>la es<span class=\"_ _6\"></span>timaci\u00f3n del p<span class=\"_ _6\"></span>recio de <span class=\"_ _6\"></span>la biomas<span class=\"_ _6\"></span>a para <span class=\"_ _6\"></span>dicho <span class=\"_ _6\"></span>periodo s<span class=\"_ _6\"></span>e recogen en la siguiente tabla:<span class=\"_ _33\"> </span>Periodo \u00cdndice de precios industriales para bienes de equipo Precio del transporte SMI (\u20ac/en 14 pagas) 2T\u00ba 2024 111<span class=\"ls0_1\"> </span>171<span class=\"ls0_1\"> </span>1134<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>109<span class=\"ls0_1\"> </span>173<span class=\"ls0_1\"> </span>1080<span class=\"ls0_1\"> </span>Se establecen las es<span class=\"_ _6\"></span>timaciones d<span class=\"_ _6\"></span>e los s<span class=\"_ _6\"></span>iguientes precios p<span class=\"_ _6\"></span>ara el tercer trimestre de 2024.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Precios <span class=\"_ _10\"></span>m<span class=\"_ _6\"></span>edios <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>futu<span class=\"_ _6\"></span>ros<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>mercado <span class=\"_ _0\"></span>organizado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>futuros <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>electricidad<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>-OMIP<span class=\"_ _6\"></span>- <span class=\"_ _10\"></span>e<span class=\"_ _6\"></span>mpleados </span></span>para la estimaci\u00f3n d<span class=\"_ _6\"></span>el precio de mercado e<span class=\"_ _6\"></span>l\u00e9ctrico<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio de los derechos d<span class=\"_ _6\"></span>e emisi\u00f3n<span class=\"_ _6\"></span> de CO2 en 69,56 \u20ac/tCO2<span class=\"_ _15\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Precio de gas natura<span class=\"_ _6\"></span>l para el tercer trimestre de<span class=\"_ _6\"></span>l 2024:<span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio estimado del gas n<span class=\"_ _6\"></span>atural en el Punto<span class=\"_ _6\"></span> Virtual de Balance en 34,99<span class=\"_ _6\"></span>0 \u20ac/MWhP<span class=\"_ _6\"></span>CS.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio estimado del fuel\u00f3leo <span class=\"_ _6\"></span>en 508,24 \u20ac/t.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio estimado del gas\u00f3leo y<span class=\"_ _6\"></span> GLP en 757,95 <span class=\"_ _6\"></span>\u20ac/t.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _15\"></span>estab<span class=\"_ _6\"></span>lece <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>coste <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>peajes, <span class=\"_ _10\"></span>cargos<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>tasas <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>cuotas <span class=\"_ _10\"></span>aplicados<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>puntos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>salida <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>red </span></span>local. La Resoluci\u00f3n de 27 <span class=\"_ _6\"></span>de junio <span class=\"_ _6\"></span>de 2024<span class=\"_ _6\"></span><span class=\"ff4\">, de la Comisi\u00f3n<span class=\"_ _6\"></span> Nacio<span class=\"_ _6\"></span>nal de los Mercado<span class=\"_ _6\"></span>s y la Com<span class=\"_ _6\"></span>petencia, por la qu<span class=\"_ _6\"></span>e se </span>establecen <span class=\"_ _15\"></span>las <span class=\"_ _10\"></span>especificacion<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>detalle <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>determinaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>capacidad<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>ac<span class=\"_ _6\"></span>ceso <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>generaci\u00f3n <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>l<span class=\"_ _6\"></span>a red de transporte y<span class=\"_ _6\"></span> a las redes de dis<span class=\"_ _6\"></span>tribuci\u00f3n. <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se valora <span class=\"_ _6\"></span>la cap<span class=\"_ _6\"></span>acidad <span class=\"_ _6\"></span>de acceso <span class=\"_ _6\"></span>para instalacion<span class=\"_ _6\"></span>es d<span class=\"_ _6\"></span>e generaci\u00f3n <span class=\"_ _6\"></span>con con<span class=\"_ _6\"></span>exi\u00f3n a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>red de tran<span class=\"_ _6\"></span>sporte, </span></span>o <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>ac<span class=\"_ _6\"></span>eptabilidad <span class=\"_ _12\"> </span>para <span class=\"_ _12\"> </span>in<span class=\"_ _6\"></span>stalaciones <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>generaci\u00f3n <span class=\"_ _12\"> </span>c<span class=\"_ _6\"></span>on <span class=\"_ _12\"> </span>conexi\u00f3n <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>red <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>dist<span class=\"_ _6\"></span>ribuci\u00f3n, <span class=\"_ _12\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>el correspondiente <span class=\"_ _15\"></span>otorgamient<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>permiso <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>denegaci<span class=\"_ _6\"></span>\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>operado<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>sistema <span class=\"_ _15\"></span>basado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el cumplimiento <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>criteri<span class=\"_ _6\"></span>os <span class=\"_ _1b\"> </span>t\u00e9cnicos <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>seguridad<span class=\"_ _6\"></span>, <span class=\"_ _1c\"> </span>regularidad,<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>calid<span class=\"_ _6\"></span>ad <span class=\"_ _1b\"> </span>del <span class=\"_ _1c\"> </span>suministro <span class=\"_ _1b\"> </span>y <span class=\"_ _1b\"> </span>de sostenibilidad<span class=\"_ _6\"></span>. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Para <span class=\"_ _1b\"> </span>la <span class=\"_ _1c\"> </span>evaluaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1c\"> </span>la <span class=\"_ _1b\"> </span>capacidad <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>acceso <span class=\"_ _1b\"> </span>se <span class=\"_ _1b\"> </span>tendr\u00e1 <span class=\"_ _1c\"> </span>en <span class=\"_ _1b\"> </span>cuenta <span class=\"_ _1b\"> </span>el <span class=\"_ _1c\"> </span>tipo <span class=\"_ _1b\"> </span>de <span class=\"_ _1c\"> </span>conexi\u00f3n <span class=\"_ _1b\"> </span>del<span class=\"_ _6\"></span> </span></span>almacenamiento a la red<span class=\"_ _6\"></span>-conexi\u00f3n<span class=\"_ _6\"></span> s\u00edncrona o<span class=\"_ _6\"></span> no s\u00edncrona<span class=\"_ _6\"></span>- con car\u00e1cter nod<span class=\"_ _6\"></span>al o zona. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _6\"></span>determina <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>cap<span class=\"_ _6\"></span>acidad <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>acceso <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>nudo <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>zona <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>red <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>tipo <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>el<span class=\"_ _6\"></span> </span></span>m\u00ednimo de <span class=\"_ _e\"></span>las capacidades resultantes <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>criterios de <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>otencia <span class=\"_ _1\"></span>de cortocircuito, <span class=\"_ _1\"></span>de comportamiento est\u00e1tico y <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>comportamiento din\u00e1mico <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>le fueran <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e aplicaci\u00f3n. <span class=\"_ _e\"></span>Detallan<span class=\"_ _6\"></span>do e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>c\u00e1lculo de <span class=\"_ _e\"></span>la potencia de cortocircuito.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Tambi\u00e9n se establecen los<span class=\"_ _6\"></span> umbrales que p<span class=\"_ _6\"></span>uede admitir las redes de distrib<span class=\"_ _6\"></span>uci\u00f3n y que s<span class=\"_ _6\"></span>er\u00e1n evaluados </span></span>por el gestor de la red a la<span class=\"_ _6\"></span> que se solicita los p<span class=\"_ _6\"></span>ermisos de acceso y<span class=\"_ _6\"></span> conexi\u00f3n:<span class=\"_ _15\"></span> Nivel de Tensi\u00f3n (Kv) Capacidad de acceso solicitada m\u00ednima para conexi\u00f3n mediante nueva posici\u00f3n en subestaci\u00f3n existente (MW) Capacidad de acceso solicitada m\u00ednima mediante apertura de l\u00ednea existente (MW) Capacidad de acceso m\u00e1xima para conexi\u00f3n mediante posici\u00f3n en subestaci\u00f3n (MW) 132<span class=\"ls0_1\">-</span>110<span class=\"ls0_1\"> </span>10<span class=\"ls0_1\"> </span>12<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>66<span class=\"ls0_1\"> </span>6 10<span class=\"ls0_1\"> </span>60<span class=\"ls0_1\"> </span>55<span class=\"ls0_1\">-</span>50<span class=\"ls0_1\"> </span>5 10<span class=\"ls0_1\"> </span>50<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>4 7 40<span class=\"ls0_1\"> </span>30<span class=\"ls0_1\"> </span>4 2 30<span class=\"ls0_1\"> </span>24<span class=\"ls0_1\">-</span>25<span class=\"ls0_1\"> </span>4 - 20<span class=\"ls0_1\"> </span>20<span class=\"ls0_1\"> </span>4 - 15<span class=\"ls0_1\"> </span>&gt;1&gt;15 4 - 10<span class=\"ls0_1\"> </span>BT<span class=\"ls0_1\"> </span>- - 0,1 \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Los <span class=\"_ _6\"></span>mapas <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e cap<span class=\"_ _6\"></span>acidad <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>pu<span class=\"_ _6\"></span>blicar\u00e1n <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>menos <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>vez <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mes <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>tendr\u00e1n <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>infor<span class=\"_ _6\"></span>maci\u00f3n <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>ecesaria<span class=\"_ _33\"> </span></span></span>para <span class=\"_ _18\"> </span>dar <span class=\"_ _18\"> </span>cumplimiento  al <span class=\"_ _18\"> </span>art\u00edculo <span class=\"_ _18\"> </span>12 <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>la  Circular <span class=\"_ _18\"> </span>1/2021, <span class=\"_ _18\"> </span>el <span class=\"_ _18\"> </span>gestor <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>red <span class=\"_ _18\"> </span>podr\u00e1 <span class=\"_ _18\"> </span>publicar <span class=\"_ _18\"> </span>los<span class=\"_ _33\"> </span>correspondientes n<span class=\"_ _6\"></span>udos con<span class=\"_ _6\"></span> \u201c0*MW\u201d, que ser\u00e1n nu<span class=\"_ _6\"></span>dos sin<span class=\"_ _6\"></span> capacidad en el momento d<span class=\"_ _6\"></span>e la pub<span class=\"_ _6\"></span>licaci\u00f3n<span class=\"_ _33\"> </span>del map<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>capacid<span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>pero <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>podr\u00edan <span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>tenerla <span class=\"_ _6\"></span>condicion<span class=\"_ _6\"></span>ada <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>ejecuci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>refu<span class=\"_ _6\"></span>erzos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>red<span class=\"_ _33\"> </span>de distribuci\u00f3n<span class=\"_ _6\"></span> a cargo del solicita<span class=\"_ _6\"></span>nte.<span class=\"_ _33\"> </span>La <span class=\"_ _6\"></span>Resoluci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>3 <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>julio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>2024<span class=\"_ _6\"></span><span class=\"ff4\">, <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Direcci\u00f3n <span class=\"_ _15\"></span>General <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Planificaci\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>Coo<span class=\"_ _6\"></span>rdinaci\u00f3n <span class=\"_ _15\"></span>Energ\u00e9tica, <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>la<span class=\"_ _33\"> </span></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span><span class=\"ff3\">actualiza <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Anexo <span class=\"_ _0\"></span>I <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Or<span class=\"_ _6\"></span>den <span class=\"_ _0\"></span>TED/845/2023<span class=\"_ _6\"></span></span>, <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>18 <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>ju<span class=\"_ _6\"></span>lio, <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>aprueba <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>cat<span class=\"_ _6\"></span>\u00e1logo <span class=\"_ _0\"></span>de<span class=\"_ _33\"> </span>medidas <span class=\"_ _10\"></span>estandarizad<span class=\"_ _6\"></span>as <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>eficiencia <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span>erg\u00e9tica, <span class=\"_ _10\"></span>sustitu<span class=\"_ _6\"></span>ye <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>totalidad<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>an<span class=\"_ _6\"></span>exo <span class=\"_ _15\"></span>I <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/845/20<span class=\"_ _6\"></span>23<span class=\"_ _33\"> </span>por <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>an<span class=\"_ _6\"></span>exo <span class=\"_ _1\"></span>\u00abCat\u00e1logo de <span class=\"_ _e\"></span>fichas t\u00e9cnicas <span class=\"_ _e\"></span>de m<span class=\"_ _1\"></span>edidas estand<span class=\"_ _1\"></span>arizadas de <span class=\"_ _e\"></span>eficiencia <span class=\"_ _1\"></span>energ\u00e9tica<span class=\"_ _6\"></span>\u00bb de <span class=\"_ _e\"></span>esta resoluci\u00f3n<span class=\"_ _33\"> </span>y que podr\u00e1<span class=\"_ _6\"></span>n dar derecho a la emisi\u00f3n d<span class=\"_ _6\"></span>e Certificados de A<span class=\"_ _6\"></span>horro En<span class=\"_ _6\"></span>erg\u00e9t<span class=\"_ _6\"></span>ico -CAE<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Nuevamente, para cada ficha, se recoge <span class=\"_ _1\"></span>la identificaci\u00f3n de la actuaci\u00f3n, su metodolog\u00eda de c\u00e1lculo y la<span class=\"_ _33\"> </span></span></span>documentaci\u00f3n m\u00edni<span class=\"_ _6\"></span>ma a aportar.<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">En su co<span class=\"_ _6\"></span>njunto se trata de 52 fichas.<span class=\"_ _33\"> </span></span></span>La <span class=\"_ _15\"></span><span class=\"ff3\">Resoluc<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>9 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>sep<span class=\"_ _6\"></span>tiembre <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>2024<span class=\"_ _6\"></span></span>, <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>Direcci\u00f3n <span class=\"_ _10\"></span>General <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Calidad<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>Evaluaci\u00f3n <span class=\"_ _10\"></span>Ambiental, <span class=\"_ _15\"></span>por <span class=\"_ _10\"></span>la<span class=\"_ _33\"> </span>que <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>formula <span class=\"_ _15\"></span>declarac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _15\"></span>ambiental <span class=\"_ _10\"></span>estrat\u00e9gica <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Actualizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>Plan<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Nacion<span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>Integrado<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _15\"></span>y<span class=\"_ _33\"> </span>Clima 2023 <span class=\"_ _1\"></span>-2030 eval\u00faa los <span class=\"_ _1\"></span>posib<span class=\"_ _6\"></span>les impactos <span class=\"_ _1\"></span>ambientales de las <span class=\"_ _e\"></span>m<span class=\"_ _6\"></span>edidas propu<span class=\"_ _6\"></span>estas en el <span class=\"_ _e\"></span>plan y garantiza que<span class=\"_ _33\"> </span>la transici\u00f3n energ\u00e9tica s<span class=\"_ _6\"></span>e lleve a cabo d<span class=\"_ _6\"></span>e manera sostenib<span class=\"_ _6\"></span>le.<span class=\"_ _33\"> </span>En el contexto d<span class=\"_ _6\"></span>e la biomasa, esta actu<span class=\"_ _6\"></span>alizaci\u00f3n se alinea con<span class=\"_ _6\"></span> sus objetiv<span class=\"_ _6\"></span>os espec\u00edficos, que incluyen:<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Reducci\u00f3n de emisiones<span class=\"_ _6\"></span> de gases de efecto invern<span class=\"_ _6\"></span>adero med<span class=\"_ _6\"></span>iante el uso d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>fuentes renovables<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Fomento de la autos<span class=\"_ _6\"></span>uficiencia energ\u00e9tica y<span class=\"_ _6\"></span> diversificaci\u00f3n del mix <span class=\"_ _6\"></span>energ\u00e9tico.<span class=\"_ _33\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Aprovechamiento <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>ostenible <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>recurs<span class=\"_ _6\"></span>os <span class=\"_ _11\"> </span>biom\u00e1sicos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _11\"> </span>garan<span class=\"_ _6\"></span>tizar <span class=\"_ _11\"> </span>una <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>roducci\u00f3n <span class=\"_ _11\"> </span>eficiente <span class=\"_ _11\"> </span>y<span class=\"_ _33\"> </span></span></span>respetuosa con<span class=\"_ _6\"></span> el medio ambiente.<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Impulso a la econ<span class=\"_ _6\"></span>om\u00eda circular mediante el us<span class=\"_ _6\"></span>o de residuos<span class=\"_ _6\"></span> org\u00e1nicos como mat<span class=\"_ _6\"></span>eria prima.<span class=\"_ _33\"> </span></span></span>Esta <span class=\"_ _15\"></span>resoluci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>refuerza <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>co<span class=\"_ _6\"></span>mpromiso <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>modelo <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span>erg\u00e9tico <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _15\"></span>limpio <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>sos<span class=\"_ _6\"></span>tenible, <span class=\"_ _15\"></span>asegurando <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>el<span class=\"_ _33\"> </span>desarrollo de la biomas<span class=\"_ _6\"></span>a contribuya a <span class=\"_ _6\"></span>los objetivos clim\u00e1ticos<span class=\"_ _6\"></span> y ambientales del p<span class=\"_ _6\"></span>a\u00eds.<span class=\"_ _33\"> </span>Resoluci\u00f3n <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>27 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>septiemb<span class=\"_ _6\"></span>re <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>2024,<span class=\"ff4\"> <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Se<span class=\"_ _6\"></span>cretar\u00eda <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>Estado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>En<span class=\"_ _6\"></span>erg\u00eda, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>act<span class=\"_ _6\"></span>ualizan <span class=\"_ _10\"></span>los<span class=\"_ _33\"> </span></span>valores  de <span class=\"_ _12\"> </span>la  retribuci\u00f3n  a <span class=\"_ _12\"> </span>la  operaci\u00f3n  correspondientes  al <span class=\"_ _12\"> </span>cuar<span class=\"_ _6\"></span>to <span class=\"_ _12\"> </span>trimestre  natural  del <span class=\"_ _12\"> </span>a\u00f1o  2024 <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e  las<span class=\"_ _33\"> </span>instalaciones <span class=\"_ _15\"></span>tipo <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>generaci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica <span class=\"_ _15\"></span>cuyos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>costes <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>explot<span class=\"_ _6\"></span>aci\u00f3n<span class=\"_ _15\"></span> <span class=\"_ _6\"></span>dep<span class=\"_ _6\"></span>endan <span class=\"_ _15\"></span>esencialmente <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el<span class=\"_ _33\"> </span>precio <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>co<span class=\"_ _6\"></span>mbustib<span class=\"_ _6\"></span>le, <span class=\"_ _6\"></span>establece <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>siguient<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>esti<span class=\"_ _6\"></span>maciones <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>precio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>bio<span class=\"_ _6\"></span>masa <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cu<span class=\"_ _6\"></span>arto <span class=\"_ _6\"></span>trimestre<span class=\"_ _6\"></span> del a\u00f1o 2024: \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">60,07 <span class=\"_ _10\"></span>\u20ac/t <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>grupo<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>b.6 <span class=\"_ _0\"></span><span class=\"ff4\">-representand<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>aumento <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>0,74 <span class=\"_ _0\"></span>% <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>respecto <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>estimaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del </span></span></span>semestre anterior <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">50,6 <span class=\"_ _15\"></span>\u20ac/t <span class=\"_ _10\"></span><span class=\"ff4\">-representan<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>aumento <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>0,72 <span class=\"_ _10\"></span>% <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>respecto <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>es<span class=\"_ _6\"></span>timaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>emestre <span class=\"_ _15\"></span>an<span class=\"_ _6\"></span>terior <span class=\"_ _0\"></span>- </span></span></span>para el grupo b.8.<span class=\"_ _6\"></span> Los v<span class=\"_ _6\"></span>alores d<span class=\"_ _6\"></span>e los \u00ednd<span class=\"_ _6\"></span>ices empleados <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>la es<span class=\"_ _6\"></span>timaci\u00f3n del p<span class=\"_ _6\"></span>recio de <span class=\"_ _6\"></span>la biomas<span class=\"_ _6\"></span>a para <span class=\"_ _6\"></span>dicho <span class=\"_ _6\"></span>periodo s<span class=\"_ _6\"></span>e recogen en la siguiente tabla:<span class=\"_ _33\"> </span>Periodo Indice de precios industriales para bienes de equipo Precio del transporte SMI (\u20ac/en 14 pagas) 3T\u00ba 2024 111,02 174,2 1134<span class=\"ls0_1\"> </span>2T\u00ba 2024 110,86 171<span class=\"ls0_1\"> </span>1134<span class=\"_ _33\"> </span>Se establecen las es<span class=\"_ _6\"></span>timaciones d<span class=\"_ _6\"></span>e los s<span class=\"_ _6\"></span>iguientes precios p<span class=\"_ _6\"></span>ara el cuarto trimestre de 2024.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Precios <span class=\"_ _1\"></span>medios de <span class=\"_ _e\"></span>los futuros <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>m<span class=\"_ _6\"></span>ercado <span class=\"_ _1\"></span>organizado de <span class=\"_ _e\"></span>futu<span class=\"_ _6\"></span>ros de <span class=\"_ _e\"></span>electricidad -OMIP empleados para </span></span>la estimaci\u00f3n del precio de <span class=\"_ _6\"></span>mercado el\u00e9ctrico<span class=\"_ _15\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio de los derechos d<span class=\"_ _6\"></span>e emisi\u00f3n<span class=\"_ _6\"></span> de CO2 en 68,66 \u20ac/tCO2 <span class=\"_ _15\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Precio de gas natura<span class=\"_ _6\"></span>l para el tercer cuarto del 2<span class=\"_ _6\"></span>024: <span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio estimado del gas n<span class=\"_ _6\"></span>atural en el Punto<span class=\"_ _6\"></span> Virtual de Balance en 37,47<span class=\"_ _6\"></span>5 \u20ac/MWhP<span class=\"_ _6\"></span>CS. <span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio estimado del fuel\u00f3leo <span class=\"_ _6\"></span>en 495,90\u20ac/t.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio estimado del gas\u00f3leo y<span class=\"_ _6\"></span> GLP en 690,79 <span class=\"_ _6\"></span>\u20ac/t. <span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se <span class=\"_ _15\"></span>estab<span class=\"_ _6\"></span>lece <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>coste <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>peajes, <span class=\"_ _10\"></span>cargos, <span class=\"_ _10\"></span>tasas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>cuotas <span class=\"_ _10\"></span>aplicados <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>puntos <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>alida <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>red </span></span>local. La Ci<span class=\"_ _1\"></span>rcular 1/2024<span class=\"ff4\">, de <span class=\"_ _1\"></span>27 de <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>eptiembre, <span class=\"ff3\">de la <span class=\"_ _1\"></span>Comisi\u00f3n Nacional de <span class=\"_ _1\"></span>los Mercados y<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>Compete<span class=\"_ _6\"></span>ncia<span class=\"_ _6\"></span><span class=\"ff4\">, por la <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e </span></span></span>se establece la metodolog\u00eda y condiciones del acceso y de la <span class=\"_ _1\"></span>conexi\u00f3n a las redes de transporte y distribuci\u00f3n de las <span class=\"_ _6\"></span>instalacion<span class=\"_ _6\"></span>es de <span class=\"_ _6\"></span>demand<span class=\"_ _6\"></span>a de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>el\u00e9ctrica, <span class=\"_ _6\"></span>incluy<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rincipales <span class=\"_ _6\"></span>modificaciones <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>circular <span class=\"_ _6\"></span>1/2021 <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> acceso y conexi\u00f3n s<span class=\"_ _6\"></span>iendo los pun<span class=\"_ _6\"></span>tos m\u00e1s importa<span class=\"_ _6\"></span>ntes los siguientes<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Aspectos relativos<span class=\"_ _6\"></span> al almacenamiento. <span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Las plataformas web de gesti\u00f3n de permisos de acceso y conexi\u00f3n deben permitir la gesti\u00f3n integral de </span></span>los expedientes de au<span class=\"_ _6\"></span>toconsumo.<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Elimina el punto 3.2.c \u201c<span class=\"_ _6\"></span>Contenido de la solicitud de acceso y de conexi\u00f3n\u201d en<span class=\"_ _6\"></span> lo relativo a los proyectos </span></span>sometidos a evalu<span class=\"_ _6\"></span>aci\u00f3n ambiental:<span class=\"_ _6\"></span> La <span class=\"_ _15\"></span><span class=\"ff3\">Resoluci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>26 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024<span class=\"_ _6\"></span></span>, <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span><span class=\"ff3\">Secretar\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Estado <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>nerg\u00eda<span class=\"_ _6\"></span></span>, <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>actualizan <span class=\"_ _15\"></span>los valores  de <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>retribu<span class=\"_ _6\"></span>ci\u00f3n  a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>op<span class=\"_ _6\"></span>eraci\u00f3n  correspondientes <span class=\"_ _12\"> </span>al  primer <span class=\"_ _12\"> </span>trimestre  natural <span class=\"_ _12\"> </span>del  a\u00f1o <span class=\"_ _12\"> </span>2025  de <span class=\"_ _11\"> </span>las<span class=\"_ _6\"></span> instalaciones <span class=\"_ _15\"></span>tipo <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>generaci<span class=\"_ _6\"></span>\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica <span class=\"_ _15\"></span>cuyos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>costes <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>explot<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _6\"></span>dep<span class=\"_ _6\"></span>endan <span class=\"_ _15\"></span>esencialmente <span class=\"_ _15\"></span>del precio <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>combustible, <span class=\"_ _15\"></span>establece <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>siguientes <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>timaciones <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>biomasa <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>primer <span class=\"_ _6\"></span>trimestre<span class=\"_ _6\"></span> del a\u00f1o 2025:  \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">60,71 <span class=\"_ _10\"></span>\u20ac/t <span class=\"_ _10\"></span>para <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>grupo<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>b.6 <span class=\"_ _0\"></span><span class=\"ff4\">-representand<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>aumento <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>1,07 <span class=\"_ _0\"></span>% <span class=\"_ _10\"></span>con <span class=\"_ _0\"></span>respecto <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>estimaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del </span></span></span>semestre anterior<span class=\"_ _33\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">50,60 <span class=\"_ _15\"></span>\u20ac/t <span class=\"_ _15\"></span>representa<span class=\"_ _6\"></span>ndo <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>aumento <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>1,08 <span class=\"_ _10\"></span>% <span class=\"_ _15\"></span>con <span class=\"_ _10\"></span>respecto <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>estimaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>del <span class=\"_ _0\"></span><span class=\"ff4\">semestre <span class=\"_ _15\"></span>an<span class=\"_ _6\"></span>terior <span class=\"_ _15\"></span>-<span class=\"_ _6\"></span> </span></span></span>para el grupo b.8.<span class=\"_ _33\"> </span>Los v<span class=\"_ _6\"></span>alores d<span class=\"_ _6\"></span>e los \u00ednd<span class=\"_ _6\"></span>ices empleados <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>la es<span class=\"_ _6\"></span>timaci\u00f3n del p<span class=\"_ _6\"></span>recio de <span class=\"_ _6\"></span>la biomas<span class=\"_ _6\"></span>a para <span class=\"_ _6\"></span>dicho <span class=\"_ _6\"></span>periodo s<span class=\"_ _6\"></span>e recogen en la siguiente tabla:<span class=\"_ _6\"></span> Periodo Indice de precios industriales para bienes de equipo Precio del transporte SMI (\u20ac/en 14 pagas) 4T\u00ba 2024 111,24 179<span class=\"ls0_1\"> </span>1134<span class=\"ls0_1\"> </span>3T\u00ba 2024 111,02 174,2 1134<span class=\"ls0_1\"> </span>Se establecen las es<span class=\"_ _6\"></span>timaciones d<span class=\"_ _6\"></span>e los siguientes p<span class=\"_ _6\"></span>recios para el primer trimestre de 2<span class=\"_ _6\"></span>025.<span class=\"_ _33\"> </span>Precios <span class=\"_ _0\"></span>medios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>futu<span class=\"_ _6\"></span>ros <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>mercado <span class=\"_ _0\"></span>organizado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>futuros <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>electricidad <span class=\"_ _11\"> </span>-OMIP <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>empleados <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _0\"></span>la estimaci\u00f3n del precio de <span class=\"_ _6\"></span>mercado<span class=\"_ _6\"></span> el\u00e9ctrico  \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio de los derechos d<span class=\"_ _6\"></span>e emisi\u00f3n<span class=\"_ _6\"></span> de CO2 en 66,49\u20ac/tCO2 <span class=\"_ _15\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Precio de gas natura<span class=\"_ _6\"></span>l para el primer trimestre d<span class=\"_ _6\"></span>el 2025: <span class=\"_ _6\"></span> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio estimado del gas n<span class=\"_ _6\"></span>atural en el Punto<span class=\"_ _6\"></span> Virtual de Balance en 42,62<span class=\"_ _6\"></span>6 \u20ac/MWhP<span class=\"_ _6\"></span>CS. <span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio estimado del fuel\u00f3leo <span class=\"_ _6\"></span>en 493,70 \u20ac/t. <span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff6\">Precio estimado del gas\u00f3leo y<span class=\"_ _6\"></span> GLP en 671,14 <span class=\"_ _6\"></span>\u20ac/t. <span class=\"_ _6\"></span><span class=\"ff4\"> </span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Se<span class=\"_ _1\"></span> <span class=\"_ _15\"></span>es<span class=\"_ _6\"></span>tablece <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>cos<span class=\"_ _6\"></span>te <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>peajes, <span class=\"_ _15\"></span>cargos<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>tasas <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>cuo<span class=\"_ _6\"></span>tas <span class=\"_ _15\"></span>ap<span class=\"_ _6\"></span>licados <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>puntos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>salida <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>red </span></span>local. Se detallan a continu<span class=\"_ _6\"></span>aci\u00f3n el Valo<span class=\"_ _6\"></span>r Neto Actualizado (VN<span class=\"_ _6\"></span>A) de cada <span class=\"_ _6\"></span>instalaci\u00f3n, a<span class=\"_ _6\"></span>s\u00ed como las retribu<span class=\"_ _6\"></span>ciones a la inversi\u00f3n (Rinv<span class=\"_ _6\"></span>) y a la operaci\u00f3n (Ro) ap<span class=\"_ _6\"></span>licables a las in<span class=\"_ _6\"></span>stalaciones que gestion<span class=\"_ _6\"></span>a ENCE en 2024<span class=\"_ _15\"></span>: 2023<span class=\"ls0_1\"> </span>2024<span class=\"ls0_1\"> </span>Instalaci\u00f3n IT<span class=\"ls0_1\"> </span>Vida regulatoria Ro (\u20ac/MWh)<span class=\"ff3\"> </span>Rinv (Miles \u20ac)<span class=\"ff3\"> </span>VNA (*) (Miles \u20ac)<span class=\"ff3\"> </span>Ro (\u20ac/MWh) 1S24 Ro (\u20ac/MWh) 3T24 Ro (\u20ac/MWh) 4T24 Rinv (Miles \u20ac)<span class=\"ff3\"> </span>VNA (*) (Miles \u20ac)<span class=\"ff3\"> </span>Negocio Energ\u00eda- Huelva -  50 MW IT<span class=\"ls0_1\">-<span class=\"ls9\">00841</span> </span>2037<span class=\"ls0_1\"> </span>- 7.739 73.799 - 41,66 36,62 7.739 73.799 Huelva - 41 MW IT<span class=\"ls0_1\">-<span class=\"ls9\">00829 / IT</span>-<span class=\"_ _33\"> </span></span>00832<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>- 597<span class=\"ls0_1\"> </span>3.771 3,53 48,34 43,43 497<span class=\"ls0_1\"> </span>3.771 M\u00e9rida - 20 MW IT<span class=\"ls0_1\">-<span class=\"ls9\">00843</span> </span>2039<span class=\"ls0_1\"> </span>- 3.683 37.504 - 39,92 34,87 3.683 37.504 Ja\u00e9n - 16 MW IT<span class=\"ls0_1\">-<span class=\"ls9\">00831 / IT</span>-<span class=\"_ _33\"> </span></span>00855<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>- 918<span class=\"ls0_1\"> </span>4.382 - 26,03 20,91 918<span class=\"ls0_1\"> </span>4.382 Ciudad Real - 16 MW IT<span class=\"ls0_1\">-<span class=\"ls9\">00831 / IT</span>-<span class=\"_ _33\"> </span></span>00855<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>- 918<span class=\"ls0_1\"> </span>4.382 - 26,03 20,91 - 4.382 C\u00f3rdoba - 14 MW - Biomasa IT<span class=\"ls0_1\">-<span class=\"ls9\">00859</span> </span>2031<span class=\"ls0_1\"> </span>- 1.251 8.921 - 30,91 25,83 1.251 8.921 C\u00f3rdoba - 13 MW - Gas IT<span class=\"ls0_1\">-<span class=\"ls9\">00430</span> </span>2030<span class=\"ls0_1\"> </span>286 / 84<span class=\"ls0_1\"> </span>- - 132,06 0,09 0,10 - - Puertollano biomasa- 50 MW IT<span class=\"ls0_1\">-<span class=\"ls9\">04005</span> </span>2044<span class=\"ls0_1\"> </span>- - - - 38,07 33,02 - - Huelva 46 MW IT<span class=\"ls0_1\">-<span class=\"ls9\">04005</span> </span>2044<span class=\"ls0_1\"> </span>- - - - 38,07 33,02 - - Negocio Celulosa- Navia - 37 MW IT<span class=\"ls0_1\">-<span class=\"ls9\">00838</span> </span>2034<span class=\"ls0_1\"> </span>- 3.980 33.711 - 43,88 38,56 3.955 33.711 Navia - 40 MW IT<span class=\"ls0_1\">-<span class=\"ls9\">01035</span> </span>2034<span class=\"ls0_1\"> </span>- - - - - - - - Pontevedra - 35 MW IT<span class=\"ls0_1\">-<span class=\"ls9\">00836</span>-<span class=\"ls9\">7 / </span></span>IT<span class=\"ls0_1\">-<span class=\"ls9\">01035</span> </span>2033<span class=\"ls0_1\"> </span>- 757<span class=\"ls0_1\"> </span>6.182 - 9,23 8,12 757<span class=\"ls0_1\"> </span>6.182<span class=\"_ _33\"> </span>Las <span class=\"_ _11\"></span>instalaciones <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>Grupo <span class=\"_ _0\"></span>operan<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>libremente <span class=\"_ _0\"></span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>mercado <span class=\"_ _11\"> </span>vendiendo <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>\u201cpool\u201d <span class=\"_ _11\"> </span>a <span class=\"_ _11\"></span>trav\u00e9s <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>la sociedad <span class=\"_ _0\"></span>Magno<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>Green <span class=\"_ _0\"></span>Energy, <span class=\"_ _0\"></span>S.L., <span class=\"_ _11\"></span>sociedad <span class=\"_ _0\"></span>perteneciente <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>act\u00faa <span class=\"_ _0\"></span>\u00fa<span class=\"_ _6\"></span>nicamente <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>efectos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de representaci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAdditionalInformationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "El 18 de diciembre <span class=\"_ _1\"></span>de 2024, Biofertilizantes y Biometano Camarles, S.L.U.,<span class=\"_ _6\"></span> 100% participada por Ence Biog\u00e1s<span class=\"ls20\">, </span>S.L.U., <span class=\"ff6\">holding <span class=\"_ _1\"></span>del \u201cNegocio Biog\u00e1s\u201d <span class=\"_ _1\"></span>de ENCE<span class=\"ff4\"> ha adquirido <span class=\"_ _e\"></span>el 98% del <span class=\"_ _e\"></span>cap<span class=\"_ _6\"></span>ital social <span class=\"_ _1\"></span>y el <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>trol de Biometag\u00e1<span class=\"ls21\">s </span></span></span>La <span class=\"_ _0\"></span>Galera, <span class=\"_ _11\"></span>S.L., <span class=\"_ _0\"></span>sociedad <span class=\"_ _11\"></span>tenedora <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>una <span class=\"_ _0\"></span>instalaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _11\"> </span>biometano<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>municipio <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>La<span class=\"_ _6\"></span> Galera (Tarragona). La<span class=\"_ _6\"></span> instalaci\u00f3n est\u00e1 d<span class=\"_ _6\"></span>ise\u00f1ada para producir has<span class=\"_ _6\"></span>ta un m\u00e1ximo de 50 GWh de biometano<span class=\"_ _6\"></span> al a\u00f1o. El precio de adqu<span class=\"_ _6\"></span>isici\u00f3n ha sido de 17,6 millones d<span class=\"_ _6\"></span>e euros. Adicionalmente, el acuerdo<span class=\"_ _6\"></span> define un mecanis<span class=\"_ _6\"></span>mo de <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>tingente <span class=\"_ _10\"></span>(earn-ou<span class=\"_ _6\"></span>t) <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>hasta <span class=\"_ _10\"></span>4,1 <span class=\"_ _15\"></span>millones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>euros, <span class=\"_ _10\"></span>condicionado<span class=\"_ _6\"></span><span class=\"ffb fs9\"> <span class=\"_ _0\"></span></span>al <span class=\"_ _15\"></span>importe <span class=\"_ _10\"></span>del EBITDA <span class=\"_ _6\"></span>normal<span class=\"_ _6\"></span>izado <span class=\"_ _6\"></span>tra<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>inicio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>activid<span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>venta <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>fertilizantes, <span class=\"_ _15\"></span>o <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>ien, <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>BITDA <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>a\u00f1o <span class=\"_ _15\"></span>2028 <span class=\"_ _6\"></span>si<span class=\"_ _6\"></span> en <span class=\"_ _12\"> </span>dicho <span class=\"_ _1a\"> </span>ejercicio <span class=\"_ _12\"> </span>no <span class=\"_ _1a\"> </span>se <span class=\"_ _12\"> </span>ha <span class=\"_ _1a\"> </span>iniciado <span class=\"_ _12\"> </span>esta  actividad. <span class=\"_ _12\"> </span>Se <span class=\"_ _12\"> </span>estima <span class=\"_ _12\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>esta <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>dici\u00f3n <span class=\"_ _12\"> </span>se  resolver\u00e1 <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>2028<span class=\"_ _6\"></span> exigiendo el pago \u00edntegro. <span class=\"_ _6\"></span> El <span class=\"_ _6\"></span>detalle <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>etos <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>quiridos <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>razonable <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fecha <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>adqu<span class=\"_ _6\"></span>isici\u00f3n, <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>fondo de comercio generado en<span class=\"_ _6\"></span> la operaci\u00f3n, es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _33\"> </span>Miles de Euros Nota Valor razonable Valor en libros negocio adquirido(*) Fondo de comercio 15<span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">4.813    </span>                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Inmovilizado intangible 15<span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">18.<span class=\"ls9\">966</span></span>   <span class=\"ls0_1\"> </span>                   <span class=\"ls0_1\">- </span>   <span class=\"ls0_1\"> </span>Propiedad, planta y equipo 16<span class=\"ls0_1\"> </span>  <span class=\"ls9\">5.832</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">5.832</span>   <span class=\"ls0_1\"> </span>Inversiones financieras a largo plazo   <span class=\"ls0_1\">6</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">6</span>   <span class=\"ls0_1\"> </span>Activos por impuestos diferidos 32<span class=\"ls0_1\"> </span>  <span class=\"ls9\">98<span class=\"ls0_1\">6</span></span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">98<span class=\"ls0_1\">6</span></span>   <span class=\"ls0_1\"> </span>Efectivo y otros activos l\u00edquidos equivalentes   <span class=\"ls9\">198   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">198   <span class=\"ls0_1\"> </span></span>Otros activos corrientes   <span class=\"ls9\">415   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">415   <span class=\"ls0_1\"> </span></span>Total Activos   <span class=\"ls9\">31.216   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">7.437   <span class=\"ls0_1\"> </span></span>Pasivos por impuestos diferidos 32<span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">4.742    </span>                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Pago aplazado compra   <span class=\"ls0_1\">3.642    </span>                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Deudas con empresas del grupo a largo plazo   <span class=\"ls0_1\">1.859    </span>  <span class=\"ls0_1\">1.859    </span>Deuda financiera   <span class=\"ls0_1\">1.716    </span>  <span class=\"ls0_1\">1.716    </span>Otros pasivos corrientes   <span class=\"ls0_1\">1.282    </span>  <span class=\"ls0_1\">1.282    </span>Total Pasivos   <span class=\"ls9\">13.241   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">4.857   <span class=\"ls0_1\"> </span></span>ACTIVOS NETOS ADQUIRIDOS   <span class=\"ls9\">17.975   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">2.580   <span class=\"ls0_1\"> </span></span>(*) Datos correspond<span class=\"_ _6\"></span>ientes al 100% de los activ<span class=\"_ _6\"></span>os netos d<span class=\"_ _6\"></span>e la participada<span class=\"_ _15\"></span>  El  Grupo  E<span class=\"_ _6\"></span>NCE  ha  integrado  los <span class=\"_ _18\"> </span>activos  adquiridos  y  los <span class=\"_ _18\"> </span>pas<span class=\"_ _6\"></span>ivos  asumidos  p<span class=\"_ _6\"></span>or  sus  valores  razonab<span class=\"_ _6\"></span>les estimados <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>fecha <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>adquisici\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>(utilizand<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>t\u00e9cnicas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>valoraci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Nivel <span class=\"_ _10\"></span>3 <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>eg\u00fan <span class=\"_ _15\"></span>NIIF <span class=\"_ _10\"></span>13)<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _10\"></span></span>El <span class=\"_ _10\"></span>activo intangible identificado<span class=\"_ _6\"></span><span class=\"ff6\">, por importe de 19 millones \u20ac,</span> se correspond<span class=\"_ _6\"></span>en con la licencias y permisos necesarios para la <span class=\"_ _6\"></span>operaci\u00f3n <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>plan<span class=\"_ _6\"></span>ta de <span class=\"_ _6\"></span>biometano<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Dicho activ<span class=\"_ _6\"></span>o, <span class=\"_ _6\"></span>cumple <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>criterios <span class=\"_ _6\"></span>establecid<span class=\"_ _6\"></span>os en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>normativa contable <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>su <span class=\"_ _10\"></span>reconocimiento<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _15\"></span>valo<span class=\"_ _6\"></span>rado <span class=\"_ _0\"></span>mediante <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>escuento <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>flujos <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>caja <span class=\"_ _10\"></span>previs<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>para esta  instalaci\u00f3n, <span class=\"_ _12\"> </span>sobre <span class=\"_ _12\"> </span>los  que <span class=\"_ _12\"> </span>se  ha <span class=\"_ _12\"> </span>aplicado  una<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>ta<span class=\"_ _6\"></span>sa <span class=\"_ _12\"> </span>de  descuento <span class=\"_ _12\"> </span>en  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>ra<span class=\"_ _6\"></span>ngo <span class=\"_ _12\"> </span>7,4%-<span class=\"_ _6\"></span>7,8%. <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>n  dicha valoraci\u00f3n <span class=\"_ _6\"></span>se h<span class=\"_ _6\"></span>a con<span class=\"_ _6\"></span>tado con<span class=\"_ _6\"></span> el <span class=\"_ _6\"></span>asesoramiento<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>expertos <span class=\"_ _6\"></span>independientes<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Asimismo, <span class=\"_ _6\"></span>se h<span class=\"_ _6\"></span>a reconoc<span class=\"_ _6\"></span>ido <span class=\"_ _6\"></span>un impuesto <span class=\"_ _12\"> </span>diferido<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>importe  de <span class=\"_ _11\"> </span>4,7  millones <span class=\"_ _12\"> </span>\u20ac <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ara <span class=\"_ _12\"> </span>reflejar <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>difer<span class=\"_ _6\"></span>encia <span class=\"_ _12\"> </span>entre  los <span class=\"_ _11\"> </span>valo<span class=\"_ _6\"></span>res contables y fis<span class=\"_ _6\"></span>cales de dicho activo.<span class=\"_ _6\"></span>  El <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>comercio <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltante, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>4,8 <span class=\"_ _6\"></span>millon<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>ser\u00e1 <span class=\"_ _6\"></span>fiscalmente <span class=\"_ _6\"></span>dedu<span class=\"_ _6\"></span>cible. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>par<span class=\"_ _6\"></span>te, el importe de la \u201cParticipac<span class=\"_ _6\"></span>i\u00f3n no d<span class=\"_ _6\"></span>ominante\u201d reconocido en la<span class=\"_ _6\"></span> fecha de adquis<span class=\"_ _6\"></span>ici\u00f3n ha sido de 336 miles \u20ac.<span class=\"_ _10\"></span><span class=\"ff4\"> </span>El <span class=\"_ _11\"> </span>ingreso <span class=\"_ _12\"> </span>ordinario <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>resultado <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>adquirida <span class=\"_ _12\"> </span>desde <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>fecha <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>adquisici\u00f3n <span class=\"_ _12\"> </span>incluidos <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>Estado <span class=\"_ _12\"> </span>de Resultado <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>es <span class=\"_ _10\"></span>nulo. <span class=\"_ _0\"></span>En <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>puesto <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>fecha <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n <span class=\"_ _0\"></span>hubiera <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>ido <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>1/1/<span class=\"_ _6\"></span>2024 <span class=\"_ _10\"></span>el ingreso <span class=\"_ _15\"></span>ordinario <span class=\"_ _15\"></span>desd<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>fec<span class=\"_ _6\"></span>ha <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>hubiera <span class=\"_ _15\"></span>sido <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span><span class=\"ff6\">ap<span class=\"_ _6\"></span>roximadamente <span class=\"_ _15\"></span>2 <span class=\"_ _15\"></span>mill<span class=\"_ _6\"></span>ones <span class=\"_ _15\"></span>\u20ac <span class=\"_ _10\"></span></span>y <span class=\"_ _15\"></span>resultado de la adquirida <span class=\"_ _6\"></span>una p\u00e9rdida de 0,6 millones<span class=\"_ _6\"></span> \u20ac<span class=\"ff4\">. </span>La <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>tabilizaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _10\"></span>co<span class=\"_ _6\"></span>mbinaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>negocios, <span class=\"_ _0\"></span>dado <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>a\u00fan <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>finalizado <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>plaz<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>12 <span class=\"_ _0\"></span>meses desde la adqu<span class=\"_ _6\"></span>isici\u00f3n, podr\u00e1 ser revisada,<span class=\"_ _6\"></span> si bien, no se esp<span class=\"_ _6\"></span>eran ajustes adicionales s<span class=\"_ _6\"></span>ignificativos. <span class=\"_ _15\"></span> Los <span class=\"_ _15\"></span>costes <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>ociados <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>esta <span class=\"_ _15\"></span>trans<span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _15\"></span>han <span class=\"_ _15\"></span>sid<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span><span class=\"lse\">0,</span>1 <span class=\"_ _15\"></span>millones <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>euros<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>encuentran<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>recogidos <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el Estado de Resu<span class=\"_ _6\"></span>ltado Cons<span class=\"_ _6\"></span>olidado del ejercicio 20<span class=\"lse\">24</span> <span class=\"_ _6\"></span>adjunto<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-6": {
   "value": "8.<span class=\"ff5 ls0_1\"> <span class=\"_ _f\"> </span><span class=\"ff3\">Segmentos de operaci\u00f3n </span></span>La <span class=\"_ _12\"> </span>informaci\u00f3n <span class=\"_ _1a\"> </span>por <span class=\"_ _12\"> </span>segmento<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>de<span class=\"_ _6\"></span>l <span class=\"_ _12\"> </span>Grupo  al <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>refiere <span class=\"_ _12\"> </span>esta <span class=\"_ _12\"> </span>No<span class=\"_ _6\"></span>ta <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>resenta <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>acuerdo  con <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> requisitos de d<span class=\"_ _6\"></span>esglose establecidos<span class=\"_ _6\"></span> por la NIIF 8 <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> Segmentos<span class=\"_ _6\"></span> de operaci\u00f3n.<span class=\"_ _6\"></span> Grupo <span class=\"_ _1e\"> </span>Ence <span class=\"_ _17\"> </span>ha <span class=\"_ _1e\"> </span>definido <span class=\"_ _1e\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>siguientes <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>egmentos <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>reporte,<span class=\"_ _15\"></span> <span class=\"_ _1e\"> </span>basad<span class=\"_ _6\"></span>os <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>diferente <span class=\"_ _1e\"> </span>actividades<span class=\"_ _6\"></span> desarrolladas <span class=\"_ _11\"> </span>por <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>Grupo <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>importan<span class=\"_ _6\"></span>cia <span class=\"_ _0\"></span>relativa <span class=\"_ _11\"></span>y <span class=\"_ _11\"> </span>so<span class=\"_ _6\"></span>bre <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>dispo<span class=\"_ _6\"></span>ne <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>informaci\u00f3n <span class=\"_ _11\"></span>financiera completa <span class=\"_ _11\"></span>e <span class=\"_ _0\"></span>independiente <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>es <span class=\"_ _11\"></span>revisada <span class=\"_ _11\"> </span>peri\u00f3dicamente<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>por <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>alta <span class=\"_ _11\"></span>Direcci\u00f3n, <span class=\"_ _11\"></span>junto <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>informaci\u00f3n<span class=\"_ _6\"></span> operativa, <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>proceso <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>toma <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>decisiones<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>sobre <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>asignaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>recursos <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>evaluaci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>su rendimiento, y que s<span class=\"_ _6\"></span>e agrupan entorn<span class=\"_ _6\"></span>o a dos l\u00edneas d<span class=\"_ _6\"></span>e negocio <span class=\"_ _6\"></span>de acuerdo co<span class=\"_ _6\"></span>n el siguien<span class=\"_ _6\"></span>te detalle: ENCE Celulosa <span class=\"_ _6\"></span>- Esta l\u00ednea de n<span class=\"_ _6\"></span>egocio agrupa los<span class=\"_ _6\"></span> siguientes segmentos<span class=\"_ _6\"></span> de reporte:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Celulosa. <span class=\"_ _12\"> </span>Segmento <span class=\"_ _12\"> </span>que  incluye <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>actividad<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>fabricaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>enta <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>celulos<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>producida  en <span class=\"_ _11\"> </span>las </span></span>biof\u00e1bricas de Pon<span class=\"_ _6\"></span>tevedra y Navia (Principado d<span class=\"_ _6\"></span>e Asturias) junto con la cogeneraci\u00f3n y<span class=\"_ _6\"></span> generaci\u00f3n de electricidad integrada <span class=\"_ _6\"></span>en el proceso d<span class=\"_ _6\"></span>e producci\u00f3n d<span class=\"_ _6\"></span>e celul<span class=\"_ _6\"></span>osa, u<span class=\"_ _6\"></span>tilizando como in<span class=\"_ _6\"></span>sumo la parte de la madera que no pu<span class=\"_ _6\"></span>ede transformarse en celulosa,<span class=\"_ _6\"></span> principalmente lign<span class=\"_ _6\"></span>ina y biomas<span class=\"_ _6\"></span>a. <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Patrimonio Fores<span class=\"_ _6\"></span>tal y <span class=\"_ _6\"></span>otros. <span class=\"_ _6\"></span>Segm<span class=\"_ _6\"></span>ento qu<span class=\"_ _6\"></span>e incorpora <span class=\"_ _6\"></span>princi<span class=\"_ _6\"></span>palmente los <span class=\"_ _6\"></span>cultivos<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>masas<span class=\"_ _6\"></span> forestales </span></span>que <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>osteriormente <span class=\"_ _18\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>utiliz<span class=\"_ _6\"></span>an <span class=\"_ _1e\"> </span>como <span class=\"_ _1e\"> </span>materia <span class=\"_ _18\"> </span>pri<span class=\"_ _6\"></span>ma <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>la <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>roducci\u00f3n <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>celulosa <span class=\"_ _1e\"> </span>(patrimonio disponible <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>norte <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>Espa\u00f1a), <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>venden <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>terc<span class=\"_ _6\"></span>eros <span class=\"_ _10\"></span>(p<span class=\"_ _15\"></span>atrimonio <span class=\"_ _0\"></span>disponible <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>r <span class=\"_ _10\"></span>de Espa\u00f1a) as\u00ed como o<span class=\"_ _6\"></span>tras actividades fores<span class=\"_ _6\"></span>tales residuales.<span class=\"_ _6\"></span> ENCE Renovab<span class=\"_ _6\"></span>les - Esta l\u00ednea de n<span class=\"_ _6\"></span>egocio agrupa los<span class=\"_ _6\"></span> siguientes segmentos<span class=\"_ _6\"></span> de reporte:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Generaci\u00f3n d<span class=\"_ _6\"></span>e energ\u00eda <span class=\"_ _6\"></span>renovable <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>biomasa <span class=\"_ _6\"></span>(Biomas<span class=\"_ _6\"></span>a). i<span class=\"_ _6\"></span>ncluye <span class=\"_ _6\"></span>a las<span class=\"_ _6\"></span> plantas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>generaci\u00f3n y <span class=\"_ _6\"></span>venta </span></span>de <span class=\"_ _10\"></span>ener<span class=\"_ _6\"></span>g\u00eda <span class=\"_ _10\"></span>e<span class=\"_ _6\"></span>l\u00e9ctrica <span class=\"_ _0\"></span>renovable <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>biomasa <span class=\"_ _0\"></span>agr\u00edcol<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>foresta<span class=\"_ _6\"></span>l, <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>esarrolladas <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>operadas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span> forma <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>dependiente. <span class=\"_ _11\"></span>La <span class=\"_ _0\"></span>cap<span class=\"_ _6\"></span>acidad <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>generaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _11\"> </span>el\u00e9ctrica <span class=\"_ _11\"></span>renovable, <span class=\"_ _11\"></span>actualmente <span class=\"_ _0\"></span>en<span class=\"_ _6\"></span> operaci\u00f3n, es d<span class=\"_ _6\"></span>e 266 MW. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Producci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>gas <span class=\"_ _10\"></span>renovable <span class=\"_ _6\"></span>(<span class=\"_ _6\"></span><span class=\"ls27\">Bio</span>m<span class=\"_ _6\"></span>etano). <span class=\"_ _15\"></span>Activ<span class=\"_ _6\"></span>idad <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>producci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>gas <span class=\"_ _15\"></span>renovab<span class=\"_ _6\"></span>le <span class=\"_ _15\"></span>(Biometano) <span class=\"_ _15\"></span>a </span></span>partir de sub<span class=\"_ _6\"></span>productos agr\u00edcolas<span class=\"_ _6\"></span> y ganaderos para <span class=\"_ _6\"></span>su inyecci\u00f3n a la red d<span class=\"_ _6\"></span>e gas natural. <span class=\"_ _15\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Producci\u00f3n de calor industrial re<span class=\"_ _1\"></span>novable (Calor indu<span class=\"_ _6\"></span>strial). Actividad de suministro de ener<span class=\"_ _1\"></span>g\u00eda t\u00e9rmica </span></span>renovable con biomas<span class=\"_ _6\"></span>a para descarbon<span class=\"_ _6\"></span>izar procesos in<span class=\"_ _6\"></span>dustriales.<span class=\"_ _6\"></span>  Las actividades de Biometano y Calor <span class=\"_ _1\"></span>industrial renovable est\u00e1n actualmente en su <span class=\"_ _1\"></span>fase inicial <span class=\"_ _1\"></span>de desarrollo siendo <span class=\"_ _6\"></span>sus <span class=\"_ _6\"></span>magnitud<span class=\"_ _6\"></span>es de <span class=\"_ _6\"></span>escas<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>significatividad<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>NIIF<span class=\"_ _6\"></span>-8, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>efectos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>reporte <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e informan conjunta<span class=\"_ _6\"></span>mente con el segmento<span class=\"_ _6\"></span> de biomasa.<span class=\"_ _6\"></span> Al o<span class=\"_ _6\"></span>bjeto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ampliar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>formaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>contenida <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>este <span class=\"_ _6\"></span>aparta<span class=\"_ _6\"></span>do, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>adju<span class=\"_ _6\"></span>nta <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>Anexo <span class=\"_ _6\"></span>II <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>estas <span class=\"_ _6\"></span>cuentas anuales <span class=\"_ _15\"></span>consolidad<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Estado <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Situaci\u00f3n <span class=\"_ _15\"></span>Financiera <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>so<span class=\"_ _6\"></span>lidado <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>as\u00ed como el E<span class=\"_ _6\"></span>stado <span class=\"_ _6\"></span>de Resu<span class=\"_ _6\"></span>ltado con<span class=\"_ _6\"></span>solidado <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>Estado <span class=\"_ _6\"></span>de Flujos <span class=\"_ _6\"></span>de E<span class=\"_ _6\"></span>fectivo conso<span class=\"_ _6\"></span>lidado <span class=\"_ _6\"></span>de los <span class=\"_ _6\"></span>ejercicios 20<span class=\"_ _6\"></span>24<span class=\"_ _6\"></span> y 2023 de los negocios<span class=\"_ _6\"></span> \u201cCelulosa\u201d<span class=\"_ _6\"></span> y \u201cRenovables\u201d.<span class=\"_ _33\"> </span>8.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Informaci\u00f3n po<span class=\"_ _1\"></span>r segmento de<span class=\"_ _1\"></span> operaci\u00f3n </span>A continuaci\u00f3n, se <span class=\"_ _e\"></span>detalla la i<span class=\"_ _1\"></span>nformaci\u00f3n por <span class=\"_ _e\"></span>segm<span class=\"_ _6\"></span>entos de <span class=\"_ _e\"></span>actividad<span class=\"_ _6\"></span> para <span class=\"_ _1\"></span>los e<span class=\"_ _1\"></span>jercicios 2024 y 202<span class=\"_ _1\"></span>3, basada en la informaci\u00f3n de g<span class=\"_ _6\"></span>esti\u00f3n <span class=\"_ _6\"></span>disponible u<span class=\"_ _6\"></span>tilizada peri\u00f3dicamente:<span class=\"_ _33\"> </span>Miles de Euros Negocio CELULOSA 31 de diciembre de 2024<span class=\"fc8\"> </span> Celulosa  Patrimonio Forestal y otros   Ajustes y eliminaciones   Total Celulosa   Negocio Renovables    Ajustes y eliminaciones   Total   Ingresos ordinarios:   De terceros  662.844 15.170 - 678.014 192.424 - 870.438  De otros segmentos  9.871 290.471 (296.467) 3.875 (1<span class=\"ls9\">90<span class=\"ls0_1\">) </span></span>(3.685) -  Total ingresos:  672.715<span class=\"ls0_1\"> </span>305.641<span class=\"ls0_1\"> </span>(296.467) 681.889<span class=\"ls0_1\"> </span>192.234<span class=\"ls0_1\"> </span>(3.685) 870.438<span class=\"ls0_1\"> </span> Resultados:   EBITDA (*)  130.221<span class=\"ls0_1\"> </span>7.939<span class=\"ls0_1\"> </span>(1) 138.159<span class=\"ls0_1\"> </span>26.319<span class=\"ls0_1\"> </span>5 164.483<span class=\"ls0_1\"> </span> Deterioro y resultado por enajenaciones de inmovilizado <span class=\"ff3\"> </span>(1.550)<span class=\"ff3\"> </span>36<span class=\"ff3 ls0_1\"> </span>(199)<span class=\"ff3\"> </span>(1.713)<span class=\"ff3\"> </span>-<span class=\"ff3\"> </span>-<span class=\"ff3\"> </span>(1.713)<span class=\"ff3\"> </span>Beneficio/ (p\u00e9rdida) de explotaci\u00f3n    <span class=\"ls9\">76.659  <span class=\"ls0_1\"> </span></span>       <span class=\"ls0_1\">(4.025)   </span>                   <span class=\"ls0_1\">(1)   </span>       <span class=\"ls9\">72.633  <span class=\"ls0_1\"> </span></span>     <span class=\"ls0_1\">(10.937)   </span>              <span class=\"ls9\">1.625  <span class=\"ls0_1\"> </span></span>          <span class=\"ls9\">63.321  <span class=\"ls0_1\"> </span></span> Ingresos financieros  10.405 1.817 (2.273) 9.949 2.498 (1.597) 10.850  Gastos financieros  (29.457) (1.357) 2.273 (28.541) (16.325) 1.597 (43.269)  Derivados de cobertura  89<span class=\"ls0_1\"> </span>- - 89<span class=\"ls0_1\"> </span>266<span class=\"ls0_1\"> </span>- 355<span class=\"ls0_1\"> </span> Diferencias de cambio  1.318 (74) - 1.244 (1) - 1.243  Deterioro de instrumentos financieros  (2.881) (163) 2.881 (163) - - (163)  Resultado m\u00e9todo de la participaci\u00f3n  - 13<span class=\"ls0_1\"> </span>- 13<span class=\"ls0_1\"> </span>- - 13<span class=\"ls0_1\"> </span> Impuesto sobre beneficios   (12.208) 815<span class=\"ls0_1\"> </span>- (11.393) (693) (144) (12.230)  Beneficio/ (p\u00e9rdida) del ejercicio  43.925<span class=\"ls0_1\"> </span>(2.974) 2.880<span class=\"ls0_1\"> </span>43.831<span class=\"ls0_1\"> </span>(25.192) 1.481<span class=\"ls0_1\"> </span>20.12<span class=\"ls0_1\">0 </span> Resultado atribuido a intereses minoritarios - - - - 11.431 - 11.431  Beneficio/ (p\u00e9rdida) atribuible a la soci<span class=\"_ _1\"></span>edad dominante 43.925<span class=\"ls0_1\"> </span>(2.974) 2.880<span class=\"ls0_1\"> </span>43.831<span class=\"ls0_1\"> </span>(13.761) 1.481<span class=\"ls0_1\"> </span>31.551<span class=\"ls0_1\"> </span> Inversi\u00f3n (**)  47.517 11.751 - 59.268 37.519 - 96.787  Amortizaci\u00f3n acumulada y agotamiento forestal (**)  (987.528) (78.712) - (1.066.240) (381.262) (11.854) (1.459.356)  Deterioro (**)  (4.052) (7.224) - (11.276) (24.618) (84) (35.978) (*) Magnitud no desglosada en el Estado de Resultado Consolidado y no definida en las NIIF. V\u00e9ase definici\u00f3n de dicha magnitud as\u00ed como reconciliaci\u00f3n con el estado de re<span class=\"_ _1\"></span>sultado consolidado en el Anexo \u201cInforme de Resultados 2024\" al Informe de Gesti\u00f3n<span class=\"ff4\"> </span>Consolidado del ejercicio 2024. (**) Adquisiciones en el ejercicio, amortizaci\u00f3n acumulada y agotamiento forestal, y de<span class=\"_ _1\"></span>terioro de valor de activos incluidos en lo<span class=\"_ _6\"></span><span class=\"ls29\">s </span>ep\u00edgrafes \"Propiedad, planta y equipo\", \"Activos in<span class=\"_ _1\"></span>tangibles\" y \"Activos biol\u00f3gicos\". No incluye los saldos correspondientes <span class=\"_ _6\"></span><span class=\"ls2a\">a </span>Ac<span class=\"ls0_1\">tivos por derecho de uso (ver Nota 17) ni Fondo de comercio (ver Nota 15). </span>Miles de Euros Negocio CELULOSA Total 31 de diciembre de 2024<span class=\"fc8 ls0_1\"> </span>Celulosa Patrimonio Forestal y otros Ajustes y eliminaciones Total Celulosa  Negocio  Renovables   Ajustes y eliminaciones Activos No corrientes 812.095 241.380 (160.393) 893.082 460.859 (197.661) 1.156.280 Corrientes 336.806 62.686 (58.827) 340.665 130.385 (6.870) 464.180 Total activos (a) 1.148.901<span class=\"ls0_1\"> </span>304.066<span class=\"ls0_1\"> </span>(219.220) 1.233.747<span class=\"ls0_1\"> </span>591.244<span class=\"ls0_1\"> </span>(204.531) 1.620.460<span class=\"ls0_1\"> </span>Pasivos No corrientes 374.195 45.687 (63.646) 356.236 324.156 (65.719) 614.673 Corrientes 299.627 112.134 (58.077) 353.684 98.334 (6.864) 445.154 Total pasivos (a) 673.822<span class=\"ls0_1\"> </span>157.821<span class=\"ls0_1\"> </span>(121.723) 709.920<span class=\"ls0_1\"> </span>422.490<span class=\"ls0_1\"> </span>(72.583) 1.059.827<span class=\"ls0_1\"> </span>(a)<span class=\"ff2\"> <span class=\"_ _24\"> </span></span>No se incluyen ni fondos propios, ni los activos y pasivos por impuestos diferid<span class=\"_ _1\"></span>os.<span class=\"_ _33\"> </span>Miles de Euros<span class=\"_ _33\"> </span>Negocio CELULOSA 31 de diciembre de 2023<span class=\"fc8\"> </span> Celulosa   Patrimonio Forestal y otros   Ajustes y eliminaciones   Total Celulosa   Negocio Renovables    Ajustes y eliminaciones   Total   Ingresos ordinarios:   De terceros  618.972 1.489 - 620.461 209.142 - 829.603  De otros segmentos  2.044 16.503 (16.195) 2.352 - (2.730) (378)  Total ingresos:  621.016<span class=\"ls0_1\"> </span>17.992<span class=\"ls0_1\"> </span>(16.195) 622.813<span class=\"ls0_1\"> </span>209.142<span class=\"ls0_1\"> </span>(2.730) 829.225<span class=\"ls0_1\"> </span> Resultados:   EBITDA (*)  41.888<span class=\"ls0_1\"> </span>4.277<span class=\"ls0_1\"> </span>- 46.165<span class=\"ls0_1\"> </span>42.645<span class=\"ls0_1\"> </span>(2) 88.808<span class=\"ls0_1\"> </span>Deterioro y resultado por enajenaciones de inmovilizado<span class=\"ff3\"> </span>201<span class=\"ls0_1\"> </span>(1.108) (60) (967) 8.790 - 7.823 Beneficio/ (p\u00e9rdida) de explotaci\u00f3n (14.136) (1.377) - (15.513) 11.911<span class=\"ls0_1\"> </span>1.622<span class=\"ls0_1\"> </span>(1.980)  Ingresos financieros  6.698 1.469 (1.753) 6.414 964<span class=\"ls0_1\"> </span>(787) 6.591  Gastos financieros  (25.215) (319) 1.753 (23.781) (13.790) 787<span class=\"ls0_1\"> </span>(36.784)  Derivados de cobertura  - - - - - - -  Diferencias de cambio  (942) (5) - (947) 15<span class=\"ls0_1\"> </span>- (932)  Deterioro de instrumentos financieros  346<span class=\"ls0_1\"> </span>- (397) (51) - - (51)  Resultado m\u00e9todo de la participaci\u00f3n  - (13) - (13) - - (13)  Impuesto sobre beneficios   6.527 55<span class=\"ls0_1\"> </span>- 6.582 5.661 (144) 12.099  Beneficio/ (p\u00e9rdida) del ejercicio  (26.722) (190) (397) (27.309) 4.761<span class=\"ls0_1\"> </span>1.478<span class=\"ls0_1\"> </span>(21.070)  Resultado atribuido a intereses minoritarios - - - - (3.650) - (3.650)  Beneficio/ (p\u00e9rdida) atribuible a la sociedad dominante (26.722) (190) (397) (27.309) 1.111<span class=\"ls0_1\"> </span>1.478<span class=\"ls0_1\"> </span>(24.720)  Inversi\u00f3n (**)  71.081 12.055 - 83.136 17.108 - 100.244  Amortizaci\u00f3n acumulada y agotamiento forestal (**)  (947.670) (73.406) - (1.021.076) (348.541) (13.478) (1.383.095)  Deterioro (**)  (7.119) (4.385) - (11.504) (28.030) (84) (39.618) (*) Magnitud no desglosada en el Estado de Resultado Consolidado y no definida en las NIIF. V\u00e9ase definici\u00f3n de dicha magnitud as\u00ed como reconciliaci\u00f3n con el estado de re<span class=\"_ _1\"></span>sultado consolidado en el Anexo \u201cInforme de Resultados 202<span class=\"_ _6\"></span><span class=\"ff4\">3\" al Informe de Gesti\u00f3n </span>Consolidado del ejercicio 2023. (**<span class=\"ls28\">) </span>Adquisiciones en el ejercicio, amortizaci\u00f3n acumulada y agotamien<span class=\"_ _1\"></span>to forestal, y deterioro de valor de activos incluidos en lo<span class=\"_ _6\"></span><span class=\"ls29\">s </span>ep\u00edgrafes \"Propiedad, planta y equipo\", \"Activos in<span class=\"_ _1\"></span>tangibles\" y \"Activos biol\u00f3gicos\". No incluye los saldos correspondientes <span class=\"_ _6\"></span><span class=\"ls2a\">a </span>Ac<span class=\"ls0_1\">tivos por derecho de uso (ver Nota 17) ni Fondo de comercio (ver Nota 15). </span>Miles de Euros Negocio CELULOSA Total 31 de diciembre de 2023<span class=\"fc8\"> </span>Celulosa Patrimonio Forestal y otros Ajustes y eliminaciones Total Celulosa  Negocio  Renovables   Ajustes y eliminaciones Activos No corrientes 796.878 181.531 (112.405) 866.004 447.826 (155.836) 1.157.994 Corrientes 414.842 6.915 (3.734) 418.023 58.717 (2.258) 474.482 Total activos (b) 1.211.720<span class=\"ls0_1\"> </span>188.446<span class=\"ls0_1\"> </span>(116.139) 1.284.027<span class=\"ls0_1\"> </span>506.543<span class=\"ls0_1\"> </span>(158.094) 1.632.476<span class=\"ls0_1\"> </span>Pasivos No corrientes 402.370 27.659 (12.987) 417.042 187.514 (22.270) 582.286 Corrientes 344.161 11.465 (3.079) 352.547 118.301 (2.249) 468.599 Total pasivos (b) 746.531<span class=\"ls0_1\"> </span>39.124<span class=\"ls0_1\"> </span>(16.066) 769.589<span class=\"ls0_1\"> </span>305.815<span class=\"ls0_1\"> </span>(24.519) 1.050.885<span class=\"ls0_1\"> </span>(b)<span class=\"ff2\"> </span>No se incluyen ni fondos propios, ni los activos y pasivos por impuestos diferidos. 8.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Informaci\u00f3n po<span class=\"_ _1\"></span>r Planta produ<span class=\"_ _1\"></span>ctiva </span>De <span class=\"_ _18\"> </span>forma <span class=\"_ _1e\"> </span>complementaria <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>informaci\u00f3n <span class=\"_ _1e\"> </span>por <span class=\"_ _18\"> </span>segmen<span class=\"_ _6\"></span>tos <span class=\"_ _1e\"> </span>de <span class=\"_ _18\"> </span>actividad<span class=\"_ _6\"></span>, <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>detalla<span class=\"_ _15\"></span>n <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>continuaci\u00f3n magnitudes relevantes d<span class=\"_ _6\"></span>el Est<span class=\"_ _6\"></span>ado de Resu<span class=\"_ _6\"></span>ltado de las b<span class=\"_ _6\"></span>iof\u00e1bricas d<span class=\"_ _6\"></span>e producci\u00f3n de celul<span class=\"_ _6\"></span>osa de Pon<span class=\"_ _6\"></span>tevedra y Navia reconciliad<span class=\"_ _6\"></span>a con el estado<span class=\"_ _6\"></span> de resultado con<span class=\"_ _6\"></span>solidado de ENCE Celulosa <span class=\"_ _6\"></span>(v\u00e9anse Nota 8.1 y An<span class=\"_ _6\"></span>exo II):<span class=\"_ _15\"></span> Miles de Euros 31 de diciembre de 2024 Biof\u00e1brica de Pontevedra Biof\u00e1brica de Navia Corporativo Otros (a) Total Negocio Celulosa Magnitudes operativas: Producci\u00f3n de celulosa (Tad) 418.888 578.067 - - 996.955 Venta de celulosa (Tad) 413.896 553.732 - - 967.628 Venta de energ\u00eda (MWh) 9.215 237.845<span class=\"ls0_1\"> </span>- - 24<span class=\"ls0_1\">7.060 </span>Operaciones continuadas: Importe neto de la cifra de negocios 282.786 393.450 - 5.087 681.322 Aprovisionamientos y otros (160.068) (202.673) - 20.570 (342.171) MARGEN BRUTO 122.718<span class=\"ls0_1\"> </span>190.776<span class=\"ls0_1\"> </span>- 25.657<span class=\"ls0_1\"> </span>339.151<span class=\"ls0_1\"> </span>Gastos de personal (24.209) (31.105) (29.742) (4.564) (89.619) Otros gastos de explotaci\u00f3n (34.363) (36.570) (48.918) 8.478 (111.374) Repercusi\u00f3n estructura (16.099) (33.637) 78.659 (28.924) - EBITDA (*) 48.047<span class=\"ls0_1\"> </span>89.464<span class=\"ls0_1\"> </span>- 647<span class=\"ls0_1\"> </span>138.159<span class=\"ls0_1\"> </span>Amortizaciones y deterioros de activos (17.851) (46.915) - (4.593) (69.359) Otros gastos no ordinarios de las operaciones (966) 4.802 - - 3.835 BENEFICIO/ (P\u00c9RDIDA) DE EXPLOTACI\u00d3N 29.230<span class=\"ls0_1\"> </span>47.351<span class=\"ls0_1\"> </span>- (3.946) 72.635<span class=\"ls0_1\"> </span>Resultado financiero (7.310) (10.520) - 406<span class=\"ls0_1\"> </span>(17.424) Resultado Puesta en equivalencia - - - 13<span class=\"ls0_1\"> </span>13<span class=\"ls0_1\"> </span>BENEFICIO/ (P\u00c9RDIDA) ANTES DE IMPUESTOS 21.919<span class=\"ls0_1\"> </span>36.831<span class=\"ls0_1\"> </span>- (3.526) 55.224<span class=\"ls0_1\"> </span>Impuesto sobre beneficios (4.525) (7.602) - 734<span class=\"ls0_1\"> </span>(11.393) BENEFICIO/ (P\u00c9RDIDA) DEL EJERCICIO 17.395<span class=\"ls0_1\"> </span>29.229<span class=\"ls0_1\"> </span>- (2.792) 43.831<span class=\"ls0_1\"> </span>Resultado atribuido a intereses minoritarios - - - -  Beneficio/ (p\u00e9rdida) atribuible a la soci<span class=\"_ _1\"></span>edad dominante 17.395<span class=\"ls0_1\"> </span>29.229<span class=\"ls0_1\"> </span>- (2.792) 43.831<span class=\"ls0_1\"> </span>(a)<span class=\"ff2\"> <span class=\"_ _1a\"> </span></span>Incluye actividad forestal, y sociedades inactivas (*)  <span class=\"_ _1c\"> </span>Magnitud n<span class=\"_ _1\"></span>o desglosada en e<span class=\"_ _1\"></span>l Estado de <span class=\"_ _e\"></span>R<span class=\"_ _6\"></span>esultado Consolidado y n<span class=\"_ _1\"></span>o definida en <span class=\"_ _e\"></span>la<span class=\"_ _6\"></span>s NIIF. V\u00e9ase d<span class=\"_ _1\"></span>efinici\u00f3n de di<span class=\"_ _1\"></span>cha magnitud <span class=\"_ _e\"></span>as\u00ed <span class=\"_ _1\"></span>como re<span class=\"_ _1\"></span>conciliaci\u00f3n <span class=\"_ _e\"></span>c<span class=\"_ _6\"></span>on <span class=\"_ _e\"></span>el es<span class=\"_ _1\"></span>tado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>resultado consolid<span class=\"_ _1\"></span>ado <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>el <span class=\"ff6\">Anexo <span class=\"_ _e\"></span>\u201cInforme <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Resultados 202<span class=\"ff4\">4<span class=\"ls2d\">\" </span></span></span>al Informe de Gesti\u00f3n Consolidado del ejercicio 2024.<span class=\"_ _33\"> </span>Miles de Euros 31 de diciembre de 2023 Biof\u00e1brica de Pontevedra Biof\u00e1brica de Navia Corporativo Otros (a) Total Negocio Celulosa Magnitudes operativas: Producci\u00f3n de celulosa (Tad) 361.313 614.032 - - 975.345 Venta de celulosa (Tad) 355.949 622.551 - - 978.500 Venta de energ\u00eda (MWh) 6.315 259.140 - - 265.455 Operaciones continuadas: Importe neto de la cifra de negocios 231.435 402.222 - (10.844) 622.813 Aprovisionamientos y otros (138.854) (241.986) - 19.116 (361.724) MARGEN BRUTO 92.581<span class=\"ls0_1\"> </span>160.236<span class=\"ls0_1\"> </span>- 8.272<span class=\"ls0_1\"> </span>261.089<span class=\"ls0_1\"> </span>Gastos de personal (20.054) (28.075) (28.983) (6.169) (83.281) Otros gastos de explotaci\u00f3n (63.884) (59.745) (11.391) (3.426) (138.446) Repercusi\u00f3n estructura (21.480) (12.091) 40.374 - 6.803 EBITDA (*) (12.837) 60.325<span class=\"ls0_1\"> </span>- (1.323) 46.165<span class=\"ls0_1\"> </span>Amortizaciones y deterioros de activos (11.870) (41.484) - (12.003) (65.357) Otros gastos no ordinarios de las operaciones 1.760 1.919 - - 3.679 BENEFICIO/ (P\u00c9RDIDA) DE EXPLOTACI\u00d3N (22.947) 20.760<span class=\"ls0_1\"> </span>- (13.326) (15.513) Resultado financiero (8.103) (11.673) - 1.411 (18.365) Resultado Puesta en equivalencia - - - (13) (13) BENEFICIO/ (P\u00c9RDIDA) ANTES DE IMPUESTOS (31.050) 9.087<span class=\"ls0_1\"> </span>- (11.928) (33.891) Impuesto sobre beneficios 2.133 2.057 - 2.392 6.582 BENEFICIO/ (P\u00c9RDIDA) DEL EJERCICIO (28.917) 11.144<span class=\"ls0_1\"> </span>- (9.536) (27.309) Resultado atribuido a intereses minoritarios - - - -  Beneficio/ (p\u00e9rdida) atribuible a la soci<span class=\"_ _1\"></span>edad dominante (28.917) 11.144<span class=\"ls0_1\"> </span>- (9.536) (27.309) (a)<span class=\"ff2\"> <span class=\"_ _1d\"> </span></span>Incluye actividad forestal, y sociedades inactivas (*)  <span class=\"_ _1c\"> </span>Magnitud n<span class=\"_ _1\"></span>o desglosada en e<span class=\"_ _1\"></span>l Estado de <span class=\"_ _e\"></span>R<span class=\"_ _6\"></span>esultado Consolidado y n<span class=\"_ _1\"></span>o definida en <span class=\"_ _e\"></span>la<span class=\"_ _6\"></span>s NIIF. V\u00e9ase definici\u00f3n de d<span class=\"_ _1\"></span>icha magnitud <span class=\"_ _e\"></span>as\u00ed <span class=\"_ _1\"></span>como re<span class=\"_ _1\"></span>conciliaci\u00f3n <span class=\"_ _e\"></span>c<span class=\"_ _6\"></span>on <span class=\"_ _e\"></span>el es<span class=\"_ _1\"></span>tado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>resultado consolid<span class=\"_ _1\"></span>ado <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>Anexo <span class=\"_ _1\"></span>\u201cInforme <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Resultados <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span><span class=\"ff4\">4<span class=\"ls2d\">\" </span></span>al Informe de Gesti\u00f3n Consolidado del ejercicio 2024.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "8.<span class=\"ff5 ls0_1\"> <span class=\"_ _f\"> </span><span class=\"ff3\">Segmentos de operaci\u00f3n </span></span>La <span class=\"_ _12\"> </span>informaci\u00f3n <span class=\"_ _1a\"> </span>por <span class=\"_ _12\"> </span>segmento<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>de<span class=\"_ _6\"></span>l <span class=\"_ _12\"> </span>Grupo  al <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>refiere <span class=\"_ _12\"> </span>esta <span class=\"_ _12\"> </span>No<span class=\"_ _6\"></span>ta <span class=\"_ _12\"> </span>se <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>resenta <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>acuerdo  con <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> requisitos de d<span class=\"_ _6\"></span>esglose establecidos<span class=\"_ _6\"></span> por la NIIF 8 <span class=\"_ _6\"></span><span class=\"ff6\">\u2013</span> Segmentos<span class=\"_ _6\"></span> de operaci\u00f3n.<span class=\"_ _6\"></span> Grupo <span class=\"_ _1e\"> </span>Ence <span class=\"_ _17\"> </span>ha <span class=\"_ _1e\"> </span>definido <span class=\"_ _1e\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>siguientes <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>egmentos <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>reporte,<span class=\"_ _15\"></span> <span class=\"_ _1e\"> </span>basad<span class=\"_ _6\"></span>os <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>diferente <span class=\"_ _1e\"> </span>actividades<span class=\"_ _6\"></span> desarrolladas <span class=\"_ _11\"> </span>por <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>Grupo <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>importan<span class=\"_ _6\"></span>cia <span class=\"_ _0\"></span>relativa <span class=\"_ _11\"></span>y <span class=\"_ _11\"> </span>so<span class=\"_ _6\"></span>bre <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>dispo<span class=\"_ _6\"></span>ne <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>informaci\u00f3n <span class=\"_ _11\"></span>financiera completa <span class=\"_ _11\"></span>e <span class=\"_ _0\"></span>independiente <span class=\"_ _0\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _0\"></span>es <span class=\"_ _11\"></span>revisada <span class=\"_ _11\"> </span>peri\u00f3dicamente<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>por <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>alta <span class=\"_ _11\"></span>Direcci\u00f3n, <span class=\"_ _11\"></span>junto <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>informaci\u00f3n<span class=\"_ _6\"></span> operativa, <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>proceso <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>toma <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>decisiones<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>sobre <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>asignaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>recursos <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>evaluaci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>su rendimiento, y que s<span class=\"_ _6\"></span>e agrupan entorn<span class=\"_ _6\"></span>o a dos l\u00edneas d<span class=\"_ _6\"></span>e negocio <span class=\"_ _6\"></span>de acuerdo co<span class=\"_ _6\"></span>n el siguien<span class=\"_ _6\"></span>te detalle: ENCE Celulosa <span class=\"_ _6\"></span>- Esta l\u00ednea de n<span class=\"_ _6\"></span>egocio agrupa los<span class=\"_ _6\"></span> siguientes segmentos<span class=\"_ _6\"></span> de reporte:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Celulosa. <span class=\"_ _12\"> </span>Segmento <span class=\"_ _12\"> </span>que  incluye <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>actividad<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>fabricaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>enta <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>celulos<span class=\"_ _6\"></span>a <span class=\"_ _12\"> </span>producida  en <span class=\"_ _11\"> </span>las </span></span>biof\u00e1bricas de Pon<span class=\"_ _6\"></span>tevedra y Navia (Principado d<span class=\"_ _6\"></span>e Asturias) junto con la cogeneraci\u00f3n y<span class=\"_ _6\"></span> generaci\u00f3n de electricidad integrada <span class=\"_ _6\"></span>en el proceso d<span class=\"_ _6\"></span>e producci\u00f3n d<span class=\"_ _6\"></span>e celul<span class=\"_ _6\"></span>osa, u<span class=\"_ _6\"></span>tilizando como in<span class=\"_ _6\"></span>sumo la parte de la madera que no pu<span class=\"_ _6\"></span>ede transformarse en celulosa,<span class=\"_ _6\"></span> principalmente lign<span class=\"_ _6\"></span>ina y biomas<span class=\"_ _6\"></span>a. <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Patrimonio Fores<span class=\"_ _6\"></span>tal y <span class=\"_ _6\"></span>otros. <span class=\"_ _6\"></span>Segm<span class=\"_ _6\"></span>ento qu<span class=\"_ _6\"></span>e incorpora <span class=\"_ _6\"></span>princi<span class=\"_ _6\"></span>palmente los <span class=\"_ _6\"></span>cultivos<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>masas<span class=\"_ _6\"></span> forestales </span></span>que <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>osteriormente <span class=\"_ _18\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>utiliz<span class=\"_ _6\"></span>an <span class=\"_ _1e\"> </span>como <span class=\"_ _1e\"> </span>materia <span class=\"_ _18\"> </span>pri<span class=\"_ _6\"></span>ma <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>la <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>roducci\u00f3n <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>celulosa <span class=\"_ _1e\"> </span>(patrimonio disponible <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>norte <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>Espa\u00f1a), <span class=\"_ _0\"></span>o <span class=\"_ _10\"></span>bien <span class=\"_ _10\"></span>se <span class=\"_ _0\"></span>venden <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>terc<span class=\"_ _6\"></span>eros <span class=\"_ _10\"></span>(p<span class=\"_ _15\"></span>atrimonio <span class=\"_ _0\"></span>disponible <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>su<span class=\"_ _6\"></span>r <span class=\"_ _10\"></span>de Espa\u00f1a) as\u00ed como o<span class=\"_ _6\"></span>tras actividades fores<span class=\"_ _6\"></span>tales residuales.<span class=\"_ _6\"></span> ENCE Renovab<span class=\"_ _6\"></span>les - Esta l\u00ednea de n<span class=\"_ _6\"></span>egocio agrupa los<span class=\"_ _6\"></span> siguientes segmentos<span class=\"_ _6\"></span> de reporte:<span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Generaci\u00f3n d<span class=\"_ _6\"></span>e energ\u00eda <span class=\"_ _6\"></span>renovable <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>biomasa <span class=\"_ _6\"></span>(Biomas<span class=\"_ _6\"></span>a). i<span class=\"_ _6\"></span>ncluye <span class=\"_ _6\"></span>a las<span class=\"_ _6\"></span> plantas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>generaci\u00f3n y <span class=\"_ _6\"></span>venta </span></span>de <span class=\"_ _10\"></span>ener<span class=\"_ _6\"></span>g\u00eda <span class=\"_ _10\"></span>e<span class=\"_ _6\"></span>l\u00e9ctrica <span class=\"_ _0\"></span>renovable <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>partir <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>biomasa <span class=\"_ _0\"></span>agr\u00edcol<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>foresta<span class=\"_ _6\"></span>l, <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>esarrolladas <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>operadas<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span> forma <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>dependiente. <span class=\"_ _11\"></span>La <span class=\"_ _0\"></span>cap<span class=\"_ _6\"></span>acidad <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>generaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _11\"> </span>el\u00e9ctrica <span class=\"_ _11\"></span>renovable, <span class=\"_ _11\"></span>actualmente <span class=\"_ _0\"></span>en<span class=\"_ _6\"></span> operaci\u00f3n, es d<span class=\"_ _6\"></span>e 266 MW. \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Producci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>gas <span class=\"_ _10\"></span>renovable <span class=\"_ _6\"></span>(<span class=\"_ _6\"></span><span class=\"ls27\">Bio</span>m<span class=\"_ _6\"></span>etano). <span class=\"_ _15\"></span>Activ<span class=\"_ _6\"></span>idad <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>producci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>gas <span class=\"_ _15\"></span>renovab<span class=\"_ _6\"></span>le <span class=\"_ _15\"></span>(Biometano) <span class=\"_ _15\"></span>a </span></span>partir de sub<span class=\"_ _6\"></span>productos agr\u00edcolas<span class=\"_ _6\"></span> y ganaderos para <span class=\"_ _6\"></span>su inyecci\u00f3n a la red d<span class=\"_ _6\"></span>e gas natural. <span class=\"_ _15\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Producci\u00f3n de calor industrial re<span class=\"_ _1\"></span>novable (Calor indu<span class=\"_ _6\"></span>strial). Actividad de suministro de ener<span class=\"_ _1\"></span>g\u00eda t\u00e9rmica </span></span>renovable con biomas<span class=\"_ _6\"></span>a para descarbon<span class=\"_ _6\"></span>izar procesos in<span class=\"_ _6\"></span>dustriales.<span class=\"_ _6\"></span>  Las actividades de Biometano y Calor <span class=\"_ _1\"></span>industrial renovable est\u00e1n actualmente en su <span class=\"_ _1\"></span>fase inicial <span class=\"_ _1\"></span>de desarrollo siendo <span class=\"_ _6\"></span>sus <span class=\"_ _6\"></span>magnitud<span class=\"_ _6\"></span>es de <span class=\"_ _6\"></span>escas<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>significatividad<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>acuerdo <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>NIIF<span class=\"_ _6\"></span>-8, <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>efectos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>reporte <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e informan conjunta<span class=\"_ _6\"></span>mente con el segmento<span class=\"_ _6\"></span> de biomasa.<span class=\"_ _6\"></span> Al o<span class=\"_ _6\"></span>bjeto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ampliar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>formaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>contenida <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>este <span class=\"_ _6\"></span>aparta<span class=\"_ _6\"></span>do, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>adju<span class=\"_ _6\"></span>nta <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>Anexo <span class=\"_ _6\"></span>II <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>estas <span class=\"_ _6\"></span>cuentas anuales <span class=\"_ _15\"></span>consolidad<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Estado <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Situaci\u00f3n <span class=\"_ _15\"></span>Financiera <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>so<span class=\"_ _6\"></span>lidado <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>as\u00ed como el E<span class=\"_ _6\"></span>stado <span class=\"_ _6\"></span>de Resu<span class=\"_ _6\"></span>ltado con<span class=\"_ _6\"></span>solidado <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>Estado <span class=\"_ _6\"></span>de Flujos <span class=\"_ _6\"></span>de E<span class=\"_ _6\"></span>fectivo conso<span class=\"_ _6\"></span>lidado <span class=\"_ _6\"></span>de los <span class=\"_ _6\"></span>ejercicios 20<span class=\"_ _6\"></span>24<span class=\"_ _6\"></span> y 2023 de los negocios<span class=\"_ _6\"></span> \u201cCelulosa\u201d<span class=\"_ _6\"></span> y \u201cRenovables\u201d.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "9.<span class=\"ff5 ls0_1\"> <span class=\"_ _f\"> </span><span class=\"ff3\">Ingresos ordinarios  </span></span>Los <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>gresos <span class=\"_ _e\"></span>ord<span class=\"_ _6\"></span>inarios <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>correspon<span class=\"_ _6\"></span>den <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ingresos de <span class=\"_ _a\"></span>contra<span class=\"_ _6\"></span>tos <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>clientes. <span class=\"_ _1\"></span>La <span class=\"_ _e\"></span>distrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>ingresos ordinarios corres<span class=\"_ _6\"></span>pondiente a las activ<span class=\"_ _6\"></span>idades del Grupo en<span class=\"_ _6\"></span> los ejercicios 202<span class=\"_ _6\"></span>4 y 2023 es<span class=\"_ _6\"></span> como sigue:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables  Grupo Negocio Celulosa Negocio Renovables  Grupo Consolidado Consolidado Magnitudes operativas- Ventas Celulosa (Toneladas) 967.628 - 967.628 978.500                    <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>978.500 Ventas de energ\u00eda (MWh) 24<span class=\"ls0_1\">7.060 </span>1.167.089 1.414.<span class=\"ls9\">149</span> 265.455 947.253 1.212.708 Ingresos- Celulosa 626.224 - 626.224 565.593 - 565.593 Energ\u00eda el\u00e9ctrica 37.852 189.200 227.052 38.190 169.942 208.132 Madera y servicios forestales 15.283 3.012 18.295 16.678 35<span class=\"ls0_1\"> </span>16.713 Calor industrial - 2.350 2.350 - 1.109 1.109 Venta de proyectos fotovoltaicos (Nota 20) - 2.250 2.250 - 38.056 38.056 Otros ingresos no ordinarios de las operaciones (**) (1.269) (4.464) (5.733) - - - Facturaci\u00f3n intra-negocios 3.801 (116) - 2.730 - - 681.891<span class=\"ls0_1\"> </span>192.232<span class=\"ls0_1\"> </span>870.438<span class=\"ls0_1\"> </span>623.191<span class=\"ls0_1\"> </span>209.142<span class=\"ls0_1\"> </span>829.603<span class=\"_ _33\"> </span>(*) <span class=\"_ _14\"> </span>L<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span><span class=\"ff6\">diferencia <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del \u201c<span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>Consolidado\u201d <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span></span>4 <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de los negocios \u201cCelulosa\u201d y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _6\"></span>Renovable\u201d se corresponde co<span class=\"_ _6\"></span>n eliminaciones d<span class=\"_ _6\"></span>e operaciones ef<span class=\"_ _6\"></span>ectuadas entre dichos negocios en los ejercicios 2024 <span class=\"ls2e\">y 202<span class=\"ls9\">3 </span></span>por importe de 3.685 <span class=\"ff6\">miles \u20ac y </span>2.730 <span class=\"ff6\">miles \u20ac, respectivamente</span>. (**) <span class=\"_ _23\"> </span>Recoge los <span class=\"_ _15\"></span>efectos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>modificar <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>m\u00e9todo <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>c<span class=\"_ _6\"></span>\u00e1lculo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>V<span class=\"_ _6\"></span>ajdm <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>ejercicio <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>debido <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>er<span class=\"_ _6\"></span>ror <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Orden TED/741/2023 publicada en el ejercicio 2023, que es solventado a trav\u00e9s de la Orden TED/353/2024. El <span class=\"_ _10\"></span>4 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ju<span class=\"_ _6\"></span>nio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>publicado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/526/2024, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mayo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _10\"></span>la metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actualizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de energ\u00eda <span class=\"_ _17\"> </span>el\u00e9ctr<span class=\"_ _6\"></span>ica <span class=\"_ _17\"> </span>cuyo<span class=\"_ _6\"></span>s <span class=\"_ _17\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _17\"> </span>explotaci\u00f3n <span class=\"_ _1c\"> </span>dependan <span class=\"_ _1c\"> </span>esencialmente <span class=\"_ _17\"> </span>del <span class=\"_ _1c\"> </span>precio <span class=\"_ _1c\"> </span>del <span class=\"_ _17\"> </span>combustible.<span class=\"_ _15\"></span> Adicionalmente,  d<span class=\"_ _6\"></span>urante <span class=\"_ _18\"> </span>el  1\u00ba <span class=\"_ _18\"> </span>semestre  del <span class=\"_ _18\"> </span>ejercicio <span class=\"_ _18\"> </span>2024  se <span class=\"_ _18\"> </span>establece  un<span class=\"_ _6\"></span>  aju<span class=\"_ _6\"></span>ste  transito<span class=\"_ _6\"></span>rio  con<span class=\"_ _6\"></span>  un componente de precio <span class=\"_ _6\"></span>de mercado y o<span class=\"_ _6\"></span>tro de precio de combus<span class=\"_ _6\"></span>tible.<span class=\"_ _6\"></span> Esta <span class=\"_ _15\"></span>Orden <span class=\"_ _6\"></span>sus<span class=\"_ _6\"></span>tituye <span class=\"_ _6\"></span><span class=\"ls2f\">a <span class=\"_ _15\"></span></span>la <span class=\"_ _6\"></span>Orden <span class=\"_ _6\"></span>IE<span class=\"_ _6\"></span>T/1345/2015, <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>2 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>julio, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>desarrolla <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>art\u00edculo <span class=\"_ _15\"></span>20.3 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Real <span class=\"_ _6\"></span>Decr<span class=\"_ _6\"></span>eto 413/2014, <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>6  de <span class=\"_ _11\"> </span>julio<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>estableciendo  una <span class=\"_ _12\"> </span>nueva  me<span class=\"_ _1\"></span>todolog\u00eda <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>actualizaci\u00f3n  de <span class=\"_ _11\"> </span>la  Retribuci\u00f3n <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>la Operaci\u00f3n <span class=\"_ _10\"></span>(Ro) <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>insta<span class=\"_ _6\"></span>laciones <span class=\"_ _15\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _10\"></span>el\u00e9ctrica <span class=\"_ _10\"></span>cuy<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>costes <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>explot<span class=\"_ _6\"></span>aci\u00f3n dependan <span class=\"_ _10\"></span>esencialmente <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>combustible<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>(principalmente <span class=\"_ _10\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>grupos <span class=\"_ _10\"></span>a.<span class=\"_ _6\"></span>1, b.6 <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>b.8), <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>que <span class=\"_ _11\"></span>destaca; <span class=\"_ _11\"></span>1) <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>os <span class=\"_ _11\"> </span>valo<span class=\"_ _6\"></span>res <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>Ro <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>actualizar\u00e1n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>trimestralmente, <span class=\"_ _11\"> </span>coin<span class=\"_ _6\"></span>cidiend<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>con trimestres <span class=\"_ _15\"></span>natu<span class=\"_ _6\"></span>rales, <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>actualizando <span class=\"_ _15\"></span>valores <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>ingreso<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>coste<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>(con <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>regulaci\u00f3n <span class=\"_ _15\"></span>previa <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>variable <span class=\"_ _15\"></span>de pool <span class=\"_ _10\"></span>regulatorio <span class=\"_ _10\"></span>considerada <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>c\u00e1lculo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Ro <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>esti<span class=\"_ _6\"></span>maba <span class=\"_ _0\"></span>cada <span class=\"_ _10\"></span>3 <span class=\"_ _10\"></span>a\u00f1os <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>variables <span class=\"_ _10\"></span>relativas <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>los costes <span class=\"_ _0\"></span>cada <span class=\"_ _10\"></span>6 <span class=\"_ _0\"></span>meses<span class=\"ls19\">) <span class=\"_ _0\"></span></span>y <span class=\"_ _0\"></span>2) <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>talaciones <span class=\"_ _10\"></span>in<span class=\"_ _6\"></span>cluidas <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>esta <span class=\"_ _0\"></span>Orden <span class=\"_ _10\"></span>quedan<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>excluidas <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>aplicaci\u00f3n <span class=\"_ _0\"></span>del ajuste por<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>desviaciones en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>precio de <span class=\"_ _e\"></span>mercado (Vajdm), <span class=\"_ _e\"></span>reg<span class=\"_ _6\"></span>ulado en <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>art\u00edculo <span class=\"_ _e\"></span>22 del <span class=\"_ _e\"></span>RD <span class=\"_ _e\"></span>413/20<span class=\"_ _6\"></span>14, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>partir del 1 de enero de 2024 <span class=\"_ _6\"></span>(v\u00e9ans<span class=\"_ _6\"></span>e Notas 3.15, 29 y An<span class=\"_ _6\"></span>exo III). El <span class=\"_ _18\"> </span>reconocimiento <span class=\"_ _18\"> </span>del <span class=\"_ _18\"> </span>Vaj<span class=\"_ _6\"></span>dm <span class=\"_ _18\"> </span>correspond<span class=\"_ _6\"></span>iente <span class=\"_ _18\"> </span>al <span class=\"_ _18\"> </span>ejercicio <span class=\"_ _1e\"> </span>2023 <span class=\"_ _1e\"> </span>supus<span class=\"_ _6\"></span>o <span class=\"_ _18\"> </span>un <span class=\"_ _18\"> </span>aumento <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>ingresos procedentes <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>venta <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _0\"></span>renovable <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _11\"> </span>22.837 <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>iendo <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>contra<span class=\"_ _6\"></span>partida <span class=\"_ _10\"></span>el </span>ep\u00edgrafe <span class=\"_ _18\"> </span>\u201c<span class=\"_ _6\"></span>Activos <span class=\"_ _1e\"> </span>financieros<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>a <span class=\"_ _1e\"> </span>largo <span class=\"_ _1e\"> </span>plazo <span class=\"_ _17\"> </span>\u2013<span class=\"ff4\"> <span class=\"_ _18\"> </span></span>Ot<span class=\"_ _6\"></span>ras <span class=\"_ _1e\"> </span>inversiones <span class=\"_ _1e\"> </span>financieras\u201d <span class=\"_ _1e\"> </span>del <span class=\"_ _1e\"> </span>Estado<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>Situaci\u00f3n Financiera consolida<span class=\"_ _6\"></span>do. Por <span class=\"_ _11\"></span>otro <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>arte, <span class=\"_ _0\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _0\"></span>ha <span class=\"_ _11\"> </span>formalizado <span class=\"_ _11\"></span>contratos <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>venta <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _11\"></span>el\u00e9ctrica <span class=\"_ _0\"></span>median<span class=\"_ _6\"></span>te <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>mod<span class=\"_ _6\"></span>alidad <span class=\"_ _11\"></span>de contrato bilateral f\u00edsico <span class=\"_ _6\"></span>por u<span class=\"_ _6\"></span>n total de <span class=\"_ _6\"></span>140.160 M<span class=\"_ _6\"></span>Wh y <span class=\"_ _6\"></span>entrega en <span class=\"_ _6\"></span>2025. El precio <span class=\"_ _6\"></span>contratad<span class=\"_ _6\"></span>o se sit\u00faa <span class=\"_ _6\"></span>en el rango <span class=\"lse\">52</span>-<span class=\"lse\">74</span> <span class=\"ff6\">\u20ac/M</span>Wh<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Durante <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>efectuado<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>entas <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>moneda <span class=\"_ _15\"></span>distinta <span class=\"_ _15\"></span>del euro, <span class=\"_ _23\"> </span>principalmente <span class=\"_ _23\"> </span>d\u00f3lar <span class=\"_ _23\"> </span>estadounidense, <span class=\"_ _23\"> </span>por <span class=\"_ _25\"> </span>importe <span class=\"_ _25\"> </span>de <span class=\"_ _23\"> </span>1<span class=\"_ _6\"></span><span class=\"lse\">92</span> <span class=\"_ _23\"> </span><span class=\"ff6\">millones <span class=\"_ _25\"> </span>\u20ac <span class=\"_ _23\"> </span>y <span class=\"_ _25\"> </span>171 <span class=\"_ _23\"> </span>millones <span class=\"_ _23\"> </span>\u20ac, </span>respectivamente.  9.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Otros ingresos de<span class=\"_ _1\"></span> explotaci\u00f3n </span>Este <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>recoge, <span class=\"_ _10\"></span>principalmente, <span class=\"_ _10\"></span>ingr<span class=\"_ _6\"></span>esos <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>sub<span class=\"_ _6\"></span>venciones <span class=\"_ _10\"></span>de explotaci\u00f3n, <span class=\"_ _10\"></span>ingresos <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>arrendamientos, <span class=\"_ _0\"></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>reversiones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>provisiones <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>riesgos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>(v<span class=\"_ _6\"></span>\u00e9ase <span class=\"_ _10\"></span>Nota 31), <span class=\"_ _10\"></span>e <span class=\"_ _10\"></span>indemnizaciones <span class=\"_ _0\"></span>percibidas <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>comp<span class=\"_ _6\"></span>a\u00f1\u00edas <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>eguros.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>Formando <span class=\"_ _10\"></span>parte <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _10\"></span>ingreso <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>incluy<span class=\"_ _6\"></span>en \u201cingresos no o<span class=\"_ _6\"></span>rdinarios de las operaciones\u201d<span class=\"_ _6\"></span> por importe de 5.823 m<span class=\"_ _6\"></span>iles \u20ac.<span class=\"_ _33\"> </span>9.2<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Distribuci\u00f3n geog<span class=\"_ _1\"></span>r\u00e1fica de <span class=\"_ _1\"></span>los ingresos </span>La <span class=\"_ _10\"></span>totalidad <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>ventas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>energ\u00eda <span class=\"_ _10\"></span>el\u00e9ctrica <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>efectuado<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>Es<span class=\"_ _6\"></span>pa\u00f1a. <span class=\"_ _10\"></span>La <span class=\"_ _10\"></span>distrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>mercados geogr\u00e1ficos de los in<span class=\"_ _6\"></span>gresos ordinarios co<span class=\"_ _6\"></span>rrespondientes a<span class=\"_ _6\"></span> las ventas de celulosa es<span class=\"_ _6\"></span> como sigue<span class=\"_ _15\"></span>: Porcentaje/Ventas celulosa 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Alemania 23,6 21,3 Polonia 14,4 15,0 Espa\u00f1a 13,3 13,2 Italia 6,2 6,1 Reino Unido 5,7 5,4 Grecia 5,4 5,7 Francia 4,5 3,7 Pa\u00edses Bajos 4,5 5,7 Turqu\u00eda 3,4 5<span class=\"ls10\">,0</span> Otros 19,<span class=\"ls0_1\">0 </span>18<span class=\"ls0_1\">,9 </span>100,0 100,0<span class=\"_ _33\"> </span>(*) <span class=\"_ _b\"> </span>Distribuci\u00f3n realizada considerando el lugar de entrega",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "9.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Otros ingresos de<span class=\"_ _1\"></span> explotaci\u00f3n </span>Este <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>recoge, <span class=\"_ _10\"></span>principalmente, <span class=\"_ _10\"></span>ingr<span class=\"_ _6\"></span>esos <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>sub<span class=\"_ _6\"></span>venciones <span class=\"_ _10\"></span>de explotaci\u00f3n, <span class=\"_ _10\"></span>ingresos <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>arrendamientos, <span class=\"_ _0\"></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>reversiones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>provisiones <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>riesgos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>(v<span class=\"_ _6\"></span>\u00e9ase <span class=\"_ _10\"></span>Nota 31), <span class=\"_ _10\"></span>e <span class=\"_ _10\"></span>indemnizaciones <span class=\"_ _0\"></span>percibidas <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>comp<span class=\"_ _6\"></span>a\u00f1\u00edas <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>eguros.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>Formando <span class=\"_ _10\"></span>parte <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _10\"></span>ingreso <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>incluy<span class=\"_ _6\"></span>en \u201cingresos no o<span class=\"_ _6\"></span>rdinarios de las operaciones\u201d<span class=\"_ _6\"></span> por importe de 5.823 m<span class=\"_ _6\"></span>iles \u20ac.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "9.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Otros ingresos de<span class=\"_ _1\"></span> explotaci\u00f3n </span>Este <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>recoge, <span class=\"_ _10\"></span>principalmente, <span class=\"_ _10\"></span>ingr<span class=\"_ _6\"></span>esos <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>sub<span class=\"_ _6\"></span>venciones <span class=\"_ _10\"></span>de explotaci\u00f3n, <span class=\"_ _10\"></span>ingresos <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>arrendamientos, <span class=\"_ _0\"></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>reversiones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>provisiones <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>riesgos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>(v<span class=\"_ _6\"></span>\u00e9ase <span class=\"_ _10\"></span>Nota 31), <span class=\"_ _10\"></span>e <span class=\"_ _10\"></span>indemnizaciones <span class=\"_ _0\"></span>percibidas <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>comp<span class=\"_ _6\"></span>a\u00f1\u00edas <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>eguros.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>Formando <span class=\"_ _10\"></span>parte <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _10\"></span>ingreso <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>incluy<span class=\"_ _6\"></span>en \u201cingresos no o<span class=\"_ _6\"></span>rdinarios de las operaciones\u201d<span class=\"_ _6\"></span> por importe de 5.823 m<span class=\"_ _6\"></span>iles \u20ac.<span class=\"_ _33\"> </span>12.<span class=\"ff5 ls0_1\"> <span class=\"_ _26\"> </span><span class=\"ff3\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _e\"></span>de este e<span class=\"_ _1\"></span>p\u00edgrafe del Estado <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e Re<span class=\"_ _1\"></span>sultado consolidado de <span class=\"_ _1\"></span>los ejercicios 2024 <span class=\"_ _1\"></span>y 2023 <span class=\"_ _1\"></span>en los <span class=\"_ _1\"></span>distintos negocios desarrollad<span class=\"_ _6\"></span>os por ENCE es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _6\"></span> 31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Servicios exteriores   <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>147.288 66.894 212.962 Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>8.344 3.288 11.632 Tributos    <span class=\"ls9\">4.808</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">12.601</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">17.409</span>   <span class=\"ls0_1\"> </span>2.993 2.021 5.014 Variaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>provisiones <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>tr\u00e1fico <span class=\"_ _0\"></span>y otros   <span class=\"ls9\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>(511) 126<span class=\"ls0_1\"> </span>(385) Otros gastos no ordinarios de las operaciones   <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>619<span class=\"ls0_1\"> </span>409<span class=\"ls0_1\"> </span>1.028   <span class=\"ls9\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">212.590   <span class=\"ls0_1\"> </span></span>158.733<span class=\"ls0_1\"> </span>72.738<span class=\"ls0_1\"> </span>230.251<span class=\"_ _33\"> </span>(*) <span class=\"_ _27\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>entre <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGru<span class=\"_ _6\"></span>po <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span>negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _15\"></span>Renovable\u201d <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>co<span class=\"_ _6\"></span>rresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _15\"></span>entre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. El <span class=\"_ _e\"></span>Real <span class=\"_ _1\"></span>Decreto <span class=\"_ _1\"></span>8/2023 <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>adoptan me<span class=\"_ _1\"></span>didas <span class=\"_ _1\"></span>para afrontar <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>secuencias <span class=\"_ _1\"></span>econ\u00f3micas y <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>ociales derivadas <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>conflictos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>Ucrania <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>Oriente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _6\"></span>mo, <span class=\"_ _11\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _0\"></span>paliar <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>efectos <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>sequ\u00eda, aprobado el 27 de diciembre, <span class=\"_ _6\"></span>recupera el Impuesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _6\"></span> desd<span class=\"_ _6\"></span>e el 1 de enero de 2024 y d<span class=\"_ _6\"></span>e forma <span class=\"_ _6\"></span>progresiva<span class=\"_ _6\"></span>, quedand<span class=\"_ _6\"></span>o fijado en el <span class=\"_ _6\"></span>definitivo 7<span class=\"_ _6\"></span>% a partir del <span class=\"_ _6\"></span>1 de julio de 202<span class=\"_ _6\"></span>4. El coste asociad<span class=\"_ _6\"></span>o a este impuesto se recoge en e<span class=\"_ _6\"></span>l ep\u00edgrafe \u201cTribu<span class=\"_ _6\"></span>tos\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Servicios exteriore<span class=\"_ _e\"></span>s </span></span>El desglose por <span class=\"_ _6\"></span>conceptos del gasto d<span class=\"_ _6\"></span>e servicios exteriores de los<span class=\"_ _6\"></span> ejercicios 202<span class=\"_ _6\"></span>4 y 2023 <span class=\"_ _6\"></span>es el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span><div class=\"c_1 wdb ha6 gs1c0\"><div class=\"t_1 m0_1 x40 h54 y581 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12</span>/2024 </div></div><div class=\"c_1 wdc ha6 gs1c1\"><div class=\"t_1 m0_1 x49 h54 y581 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12</span>/2023 </div></div><div class=\"c_1 wda ha7 gs1c2\"><div class=\"t_1 m0_1 x12 h1f y7b9 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></div><div class=\"c_1 wdd ha7 gs1c3\"><div class=\"t_1 m0_1 x29 h1f y6fc ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </div><div class=\"t_1 m0_1 x87 h1f y7ba ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa </div></div><div class=\"c_1 wdd ha7 gs1c4\"><div class=\"t_1 m0_1 x29 h1f y6fc ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </div><div class=\"t_1 m0_1 x12 h1f y7ba ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables </div></div><div class=\"c_1 wde ha7 gs1c5\"><div class=\"t_1 m0_1 x4 h1f y6fc ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div><div class=\"t_1 m0_1 x12 h1f y7ba ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado </div></div><div class=\"c_1 w56 ha7 gs1c6\"><div class=\"t_1 m0_1 x32 h1f y6fc ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </div><div class=\"t_1 m0_1 x11 h1f y7ba ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa </div></div><div class=\"c_1 wdf ha7 gs1c7\"><div class=\"t_1 m0_1 x29 h1f y6fc ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </div><div class=\"t_1 m0_1 x12 h1f y7ba ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables </div></div><div class=\"c_1 w81 ha7 gs1c8\"><div class=\"t_1 m0_1 x4 h1f y6fc ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div><div class=\"t_1 m0_1 x12 h1f y7ba ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado </div></div><div class=\"c_1 wda h23 gs1c9\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Transportes, fletes y costes comerciales </div></div><div class=\"c_1 wdd h23 gs1ca\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">45.822    </span></div></div><div class=\"c_1 wdd h23 gs1cb\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">5.590    </span></div></div><div class=\"c_1 wde h23 gs1cc\"><div class=\"t_1 m0_1 xe h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">51.412    </span></div></div><div class=\"c_1 w56 h23 gs1cd\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">62.555 </div></div><div class=\"c_1 wdf h23 gs1ce\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.262 </div></div><div class=\"c_1 w81 h23 gs1cf\"><div class=\"t_1 m0_1 xda h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">65.817 </div></div><div class=\"c_1 wda h23 gs1d0\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Suministros </div></div><div class=\"c_1 wdd h23 gs1d1\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">15.786    </span></div></div><div class=\"c_1 wdd h23 gs1d2\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">3.858    </span></div></div><div class=\"c_1 wde h23 gs1d3\"><div class=\"t_1 m0_1 xe h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">19.454    </span></div></div><div class=\"c_1 w56 h23 gs1d4\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">12.177 </div></div><div class=\"c_1 wdf h23 gs1d5\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.147 </div></div><div class=\"c_1 w81 h23 gs1d6\"><div class=\"t_1 m0_1 xda h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">17.134 </div></div><div class=\"c_1 wda h23 gs1d7\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Reparaciones y conservaci\u00f3n </div></div><div class=\"c_1 wdd h23 gs1d8\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">15.001    </span></div></div><div class=\"c_1 wdd h23 gs1d9\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">19.534    </span></div></div><div class=\"c_1 wde h23 gs1da\"><div class=\"t_1 m0_1 xe h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">34.535    </span></div></div><div class=\"c_1 w56 h23 gs1db\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">16.926 </div></div><div class=\"c_1 wdf h23 gs1dc\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">22.225 </div></div><div class=\"c_1 w81 h23 gs1dd\"><div class=\"t_1 m0_1 xda h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">39.151 </div></div><div class=\"c_1 wda h23 gs1de\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de profesionales independientes </div></div><div class=\"c_1 wdd h23 gs1df\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">5.378    </span></div></div><div class=\"c_1 wdd h23 gs1e0\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></div><div class=\"c_1 wde h23 gs1e1\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">7.126    </span></div></div><div class=\"c_1 w56 h23 gs1e2\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.531 </div></div><div class=\"c_1 wdf h23 gs1e3\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.152 </div></div><div class=\"c_1 w81 h23 gs1e4\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">7.683 </div></div><div class=\"c_1 wda h23 gs1e5\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Primas de seguros </div></div><div class=\"c_1 wdd h23 gs1e6\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">4.540    </span></div></div><div class=\"c_1 wdd h23 gs1e7\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">3.278    </span></div></div><div class=\"c_1 wde h23 gs1e8\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">7.818    </span></div></div><div class=\"c_1 w56 h23 gs1e9\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.931 </div></div><div class=\"c_1 wdf h23 gs1ea\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.712 </div></div><div class=\"c_1 w81 h23 gs1eb\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.643 </div></div><div class=\"c_1 wda h23 gs1ec\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios bancarios y similares </div></div><div class=\"c_1 wdd h23 gs1ed\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">1.748    </span></div></div><div class=\"c_1 wdd h23 gs1ee\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">1.179    </span></div></div><div class=\"c_1 wde h23 gs1ef\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">2.922    </span></div></div><div class=\"c_1 w56 h23 gs1f0\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.334 </div></div><div class=\"c_1 wdf h23 gs1f1\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">669<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h23 gs1f2\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.003 </div></div><div class=\"c_1 wda h23 gs1f3\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos y c\u00e1nones (Nota 17) </div></div><div class=\"c_1 wdd h23 gs1f4\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">542   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 wdd h23 gs1f5\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">292   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 wde h23 gs1f6\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">834   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w56 h23 gs1f7\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">678<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdf h23 gs1f8\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">264<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h23 gs1f9\"><div class=\"t_1 m0_1 x17 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">942<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wda h23 gs1fa\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Publicidad, propaganda y relaciones p\u00fablicas  </div></div><div class=\"c_1 wdd h23 gs1fb\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">3.741    </span></div></div><div class=\"c_1 wdd h23 gs1fc\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">179   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 wde h23 gs1fd\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">3.919    </span></div></div><div class=\"c_1 w56 h23 gs1fe\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.812 </div></div><div class=\"c_1 wdf h23 gs1ff\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">158<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h23 gs200\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.970 </div></div><div class=\"c_1 wda h23 gs201\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de investigaci\u00f3n y desarrollo </div></div><div class=\"c_1 wdd h23 gs202\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 wdd h23 gs203\"><div class=\"t_1 m0_1 x87 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wde h23 gs204\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w56 h23 gs205\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">155<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdf h23 gs206\"><div class=\"t_1 m0_1 x2f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">7 </div></div><div class=\"c_1 w81 h23 gs207\"><div class=\"t_1 m0_1 x17 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">162<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wda h58 gs208\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></div><div class=\"c_1 wdd h58 gs209\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">26.204    </span></div></div><div class=\"c_1 wdd h58 gs20a\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">26.242    </span></div></div><div class=\"c_1 wde h58 gs20b\"><div class=\"t_1 m0_1 xe h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">51.359    </span></div></div><div class=\"c_1 w56 h58 gs20c\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">38.189 </div></div><div class=\"c_1 wdf h58 gs20d\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">29.298 </div></div><div class=\"c_1 w81 h58 gs20e\"><div class=\"t_1 m0_1 xda h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">66.457 </div></div><div class=\"c_1 wdd h23 gs20f\"><div class=\"t_1 m0_1 x10 h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">118.862   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 wdd h23 gs210\"><div class=\"t_1 m0_1 x1a h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">61.900   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 wde h23 gs211\"><div class=\"t_1 m0_1 x4 h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">179.479   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w56 h23 gs212\"><div class=\"t_1 m0_1 x10 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">147.288<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdf h23 gs213\"><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">66.894<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h23 gs214\"><div class=\"t_1 m0_1 x2e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">212.962<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs215\"><div class=\"t_1 m0_1 xe1 h1f y7c5 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(*) <span class=\"_ _1e\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>ntre <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGrupo <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span></div><div class=\"t_1 m0_1 x1f h1f y7c6 ff6 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _6\"></span>Renovable\u201d <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>corresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>dichos </div><div class=\"t_1 m0_1 x1f h1f y7c7 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. </div><div class=\"t_1 m0_1 x3f h1f y4bf ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x82 h8 y7c8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _e\"></span>tiene contratado <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>eguro <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>responsabilidad civil <span class=\"_ _a\"></span>que <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>bre <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>todos <span class=\"_ _1\"></span>sus <span class=\"_ _e\"></span>administradores <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>irectivos </div><div class=\"t_1 m0_1 x82 h8 y7c9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">por <span class=\"_ _6\"></span>da\u00f1<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>ocasion<span class=\"_ _6\"></span>ados <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>actos <span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>omision<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>cargo<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Su <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>sido </div><div class=\"t_1 m0_1 x82 h8 y7ca ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"ff6\">82 miles \u20ac y <span class=\"_ _6\"></span></span>94 miles <span class=\"ff6\">\u20ac</span>, respectivamente<span class=\"_ _6\"></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span><span class=\"lsf\"> </span> </div><div class=\"t_1 m0_1 x71 h46 y7cb ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Honorarios de<span class=\"_ _1\"></span> auditor\u00eda </span></span></div><div class=\"t_1 m0_1 xa h8 y50e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La firm<span class=\"_ _1\"></span>a que ha <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditado las cuentas de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> sociedades que <span class=\"_ _1\"></span>conforman el Grupo <span class=\"_ _1\"></span>ENCE en 2024 y 2023 ha <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ido </div><div class=\"t_1 m0_1 xa h8 y50f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">KPMG Auditores, S.L. <span class=\"_ _6\"></span>(v\u00e9ase Anexo I)<span class=\"_ _6\"></span>. </div><div class=\"t_1 m0_1 xa h8 y7cc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023, <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>hon<span class=\"_ _6\"></span>orarios <span class=\"_ _15\"></span>relativos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ervicios <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>auditor\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>cuentas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span>s </div><div class=\"t_1 m0_1 xa h8 y511 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">servicios prestad<span class=\"_ _6\"></span>os por el auditor o por <span class=\"_ _6\"></span>empresas vinculad<span class=\"_ _6\"></span>as al auditor han s<span class=\"_ _6\"></span>ido los siguientes:<span class=\"_ _15\"></span><span class=\"ff2 fs1\"> </span> </div></div><div class=\"c_1 we1 ha9 gs216\"><div class=\"t_1 m0_1 x12 h54 y45 ff7 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></div><div class=\"c_1 w17 ha9 gs217\"><div class=\"t_1 m0_1 x10 h54 y45 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">4 </span></div></div><div class=\"c_1 we2 ha9 gs218\"><div class=\"t_1 m0_1 x32 h54 y45 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">3 </span></div></div><div class=\"c_1 we1 haa gs219\"><div class=\"t_1 m0_1 x12 h1f y37 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios de auditor\u00eda </div></div><div class=\"c_1 w17 haa gs21a\"><div class=\"t_1 m0_1 x4 h1f y37 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">220<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 haa gs21b\"><div class=\"t_1 m0_1 x54 h1f y37 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">235<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we1 haa gs21c\"><div class=\"t_1 m0_1 x12 h1f y37 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Servicios relacionados con la auditor\u00eda </div></div><div class=\"c_1 w17 haa gs21d\"><div class=\"t_1 m0_1 x1a h1f y37 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">47<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 haa gs21e\"><div class=\"t_1 m0_1 x8c h1f y37 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">25<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we1 hab gs21f\"><div class=\"t_1 m0_1 x12 h1f y6ff ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros servicios </div></div><div class=\"c_1 w17 hab gs220\"><div class=\"t_1 m0_1 x1a h1f y6ff ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">75<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 hab gs221\"><div class=\"t_1 m0_1 x8c h1f y6ff ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">56<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div>Los servicios prestados por el <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditor en 2024, relacionados con los servicios de a<span class=\"_ _1\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _17\"> </span>revisi\u00f3n <span class=\"_ _17\"> </span>so<span class=\"_ _6\"></span>bre <span class=\"_ _17\"> </span>ratios <span class=\"_ _17\"> </span>fin<span class=\"_ _6\"></span>ancieros <span class=\"_ _17\"> </span>para <span class=\"_ _1c\"> </span>atender <span class=\"_ _1e\"> </span>a <span class=\"_ _1c\"> </span>las <span class=\"_ _17\"> </span>obligaciones <span class=\"_ _17\"> </span>re<span class=\"_ _6\"></span>cogidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>los <span class=\"_ _17\"> </span>contratos<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>de financiaci\u00f3n, <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>de verificaci\u00f3n <span class=\"_ _6\"></span>del s<span class=\"_ _6\"></span>istema de <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>interno <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>informaci\u00f3n finan<span class=\"_ _6\"></span>ciera y <span class=\"_ _6\"></span>servicios de <span class=\"_ _19\"> </span>revis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _19\"> </span>determinadas<span class=\"_ _6\"></span> <span class=\"_ _25\"> </span>magnitu<span class=\"_ _6\"></span>des <span class=\"_ _25\"> </span>financieras <span class=\"_ _19\"> </span>para <span class=\"_ _25\"> </span>acreditar <span class=\"_ _25\"> </span>la <span class=\"_ _25\"> </span>condici\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _25\"> </span>consumidor electrointensivo <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pago <span class=\"_ _6\"></span>lega<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>varias<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u p<span class=\"_ _6\"></span>arte <span class=\"_ _6\"></span>el apartado \u201cOt<span class=\"_ _6\"></span>ros servicios\u201d incluye principa<span class=\"_ _6\"></span>lmente servicios d<span class=\"_ _6\"></span>e verificaci\u00f3n <span class=\"_ _6\"></span><span class=\"ff4\">del Infor<span class=\"_ _6\"></span>me de<span class=\"_ _6\"></span> Sostenibilidad<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-566": {
   "value": "9.1<span class=\"ff5\"> <span class=\"_ _19\"> </span></span><span class=\"fc2\">Otros ingresos de<span class=\"_ _1\"></span> explotaci\u00f3n </span>Este <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resu<span class=\"_ _6\"></span>ltado <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _0\"></span>recoge, <span class=\"_ _10\"></span>principalmente, <span class=\"_ _10\"></span>ingr<span class=\"_ _6\"></span>esos <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>sub<span class=\"_ _6\"></span>venciones <span class=\"_ _10\"></span>de explotaci\u00f3n, <span class=\"_ _10\"></span>ingresos <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>arrendamientos, <span class=\"_ _0\"></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>reversiones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>provisiones <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>riesgos <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>gastos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>(v<span class=\"_ _6\"></span>\u00e9ase <span class=\"_ _10\"></span>Nota 31), <span class=\"_ _10\"></span>e <span class=\"_ _10\"></span>indemnizaciones <span class=\"_ _0\"></span>percibidas <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>comp<span class=\"_ _6\"></span>a\u00f1\u00edas <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>eguros.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>Formando <span class=\"_ _10\"></span>parte <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _10\"></span>ingreso <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>incluy<span class=\"_ _6\"></span>en \u201cingresos no o<span class=\"_ _6\"></span>rdinarios de las operaciones\u201d<span class=\"_ _6\"></span> por importe de 5.823 m<span class=\"_ _6\"></span>iles \u20ac.<span class=\"_ _33\"> </span>10.<span class=\"ff5 ls0_1\"> <span class=\"_ _10\"></span><span class=\"ff3\">Ap<span class=\"_ _6\"></span>rovisionamientos </span></span>El <span class=\"ff6\">ep\u00edgrafe \u201cAprovision<span class=\"_ _6\"></span>amientos\u201d<span class=\"_ _6\"></span> en los ejercicios 202<span class=\"_ _6\"></span></span>4 y 202<span class=\"_ _6\"></span>3 se desglosa <span class=\"_ _6\"></span>en: 31/12/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Compras   <span class=\"ls0_1\">303.474    </span>  <span class=\"ls0_1\">52.659    </span>  <span class=\"ls0_1\">352.448    </span>  <span class=\"ls0_1\">292.620    </span>  <span class=\"ls0_1\">50.875    </span>  <span class=\"ls0_1\">342.926    </span>Variaci\u00f3n de existencias de materias primas y auxiliares (7.885)             <span class=\"ls0_1\">(456)    </span>       <span class=\"ls0_1\">(8.341)    </span>  <span class=\"ls0_1\">23.574    </span>      <span class=\"ls0_1\">(1.180)    </span>  <span class=\"ls0_1\">22.394    </span>Otros gastos externos   <span class=\"ls0_1\">64.941    </span>  <span class=\"ls0_1\">16.155    </span>  <span class=\"ls0_1\">81.096    </span>  <span class=\"ls0_1\">35.301    </span>  <span class=\"ls0_1\">18.428    </span>  <span class=\"ls0_1\">51.568    </span>360.530 <span class=\"ls0_1\"> </span>68.358 <span class=\"ls0_1\"> </span>425.203 <span class=\"ls0_1\"> </span>351.495 <span class=\"ls0_1\"> </span>68.123 <span class=\"ls0_1\"> </span>416.888 <span class=\"ls0_1\"> </span>(*)  <span class=\"ff6\">La <span class=\"_ _10\"></span>diferencia <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>i<span class=\"_ _6\"></span>nformaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>\u201cGrupo <span class=\"_ _10\"></span>Consolidado\u201d <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>2023<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los </span>negocios <span class=\"_ _15\"></span>\u201cCelulosa\u201d <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>\u201cEnerg\u00eda <span class=\"_ _15\"></span>R<span class=\"_ _6\"></span>enovable\u201d <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>corresponde <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>eliminaciones <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>operaciones <span class=\"_ _10\"></span>efectuadas <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>dichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>3.685 <span class=\"ff6\">miles \u20ac y 2.730 miles \u20ac, respectivamente</span>. En este <span class=\"_ _6\"></span>ep\u00edgrafe se <span class=\"_ _6\"></span>incluyen <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> cos<span class=\"_ _6\"></span>tes de <span class=\"_ _6\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _6\"></span>de madera, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>productos <span class=\"_ _6\"></span>qu\u00edmicos, <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e combustibles  y  de <span class=\"_ _12\"> </span>otros  costes  variables, <span class=\"_ _12\"> </span>as<span class=\"_ _6\"></span>\u00ed  como <span class=\"_ _12\"> </span>costes  asociados  a <span class=\"_ _12\"> </span>serv<span class=\"_ _6\"></span>icios  de <span class=\"_ _12\"> </span>aprov<span class=\"_ _6\"></span>echamiento  y transporte d<span class=\"_ _6\"></span>e madera.<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gsc4\"><div class=\"t_1 m0_1 xb h41 y745 ff3 fs3 fc2 sc0_1 lsb ws0_1\">11.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Personal </span></span></div><div class=\"t_1 m0_1 x1f h8 y746 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _6\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>personal <span class=\"_ _15\"></span>incurridos <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>distin<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>negocios <span class=\"_ _15\"></span>desarrollados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por </div><div class=\"t_1 m0_1 x1f h8 y747 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE son<span class=\"_ _6\"></span> los siguientes: </div></div><div class=\"c_1 wb9 h97 gsc5\"><div class=\"t_1 m0_1 x22 h54 y59e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12</span>/2024 </div></div><div class=\"c_1 wbb h97 gsc6\"><div class=\"t_1 m0_1 x22 h54 y59e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12</span>/2023 </div></div><div class=\"c_1 wb8 h98 gsc7\"><div class=\"t_1 m0_1 x12 h1f y16a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></div><div class=\"c_1 w21 h98 gsc8\"><div class=\"t_1 m0_1 x29 h1f y74a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </div><div class=\"t_1 m0_1 x87 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa </div></div><div class=\"c_1 wbc h98 gsc9\"><div class=\"t_1 m0_1 x8c h1f y74a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </div><div class=\"t_1 m0_1 x11 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables </div></div><div class=\"c_1 wb3 h98 gsca\"><div class=\"t_1 m0_1 x4 h1f y74a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div><div class=\"t_1 m0_1 x12 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado </div></div><div class=\"c_1 w52 h98 gscb\"><div class=\"t_1 m0_1 x29 h1f y74a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </div><div class=\"t_1 m0_1 x87 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa </div></div><div class=\"c_1 wbd h98 gscc\"><div class=\"t_1 m0_1 x8c h1f y74a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio </div><div class=\"t_1 m0_1 x11 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables </div></div><div class=\"c_1 wb2 h98 gscd\"><div class=\"t_1 m0_1 x4 h1f y74a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo </div><div class=\"t_1 m0_1 x12 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Consolidado </div></div><div class=\"c_1 wb8 h6e gsce\"><div class=\"t_1 m0_1 x12 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Sueldos y salarios </div></div><div class=\"c_1 w21 h6e gscf\"><div class=\"t_1 m0_1 x1a h1f y73 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">64.468    </span></div></div><div class=\"c_1 wbc h6e gsd0\"><div class=\"t_1 m0_1 x41 h1f y73 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">17.160    </span></div></div><div class=\"c_1 wb3 h6e gsd1\"><div class=\"t_1 m0_1 x5 h1f y73 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">81.628    </span></div></div><div class=\"c_1 w52 h6e gsd2\"><div class=\"t_1 m0_1 x1e h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">61.839 </div></div><div class=\"c_1 wbd h6e gsd3\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">15.477 </div></div><div class=\"c_1 wb2 h6e gsd4\"><div class=\"t_1 m0_1 x41 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">77.316 </div></div><div class=\"c_1 wb8 h94 gsd5\"><div class=\"t_1 m0_1 x12 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Seguridad Social </div></div><div class=\"c_1 w21 h94 gsd6\"><div class=\"t_1 m0_1 x1a h1f yc1 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">17.090    </span></div></div><div class=\"c_1 wbc h94 gsd7\"><div class=\"t_1 m0_1 x21 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">4.378    </span></div></div><div class=\"c_1 wb3 h94 gsd8\"><div class=\"t_1 m0_1 x5 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">21.468    </span></div></div><div class=\"c_1 w52 h94 gsd9\"><div class=\"t_1 m0_1 x1e h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">16.351 </div></div><div class=\"c_1 wbd h94 gsda\"><div class=\"t_1 m0_1 x13 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.019 </div></div><div class=\"c_1 wb2 h94 gsdb\"><div class=\"t_1 m0_1 x41 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">20.370 </div></div><div class=\"c_1 wb8 h99 gsdc\"><div class=\"t_1 m0_1 x12 h1f y77 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Aportaci\u00f3n planes pensiones </div></div><div class=\"c_1 w21 h99 gsdd\"><div class=\"t_1 m0_1 x1e h1f y77 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">2.362    </span></div></div><div class=\"c_1 wbc h99 gsde\"><div class=\"t_1 m0_1 x2d h1f y77 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">453   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 wb3 h99 gsdf\"><div class=\"t_1 m0_1 x19 h1f y77 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.815 </div></div><div class=\"c_1 w52 h99 gse0\"><div class=\"t_1 m0_1 x7f h1f y77 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.204 </div></div><div class=\"c_1 wbd h99 gse1\"><div class=\"t_1 m0_1 x16 h1f y77 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">365<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wb2 h99 gse2\"><div class=\"t_1 m0_1 x19 h1f y77 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.569 </div></div><div class=\"c_1 wb8 h94 gse3\"><div class=\"t_1 m0_1 x12 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros gastos sociales </div></div><div class=\"c_1 w21 h94 gse4\"><div class=\"t_1 m0_1 x7f h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.791 </div></div><div class=\"c_1 wbc h94 gse5\"><div class=\"t_1 m0_1 x5b h1f yc1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">232<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wb3 h94 gse6\"><div class=\"t_1 m0_1 x19 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.023 </div></div><div class=\"c_1 w52 h94 gse7\"><div class=\"t_1 m0_1 x7f h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.602 </div></div><div class=\"c_1 wbd h94 gse8\"><div class=\"t_1 m0_1 x16 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">201<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wb2 h94 gse9\"><div class=\"t_1 m0_1 x19 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.803 </div></div><div class=\"c_1 w21 h95 gsea\"><div class=\"t_1 m0_1 x1e h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">85.711 </div></div><div class=\"c_1 wbc h95 gseb\"><div class=\"t_1 m0_1 x21 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">22.223 </div></div><div class=\"c_1 wb3 h95 gsec\"><div class=\"t_1 m0_1 xe h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">107.934 </div></div><div class=\"c_1 w52 h95 gsed\"><div class=\"t_1 m0_1 x1e h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">81.996 </div></div><div class=\"c_1 wbd h95 gsee\"><div class=\"t_1 m0_1 x21 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">20.062 </div></div><div class=\"c_1 wb2 h95 gsef\"><div class=\"t_1 m0_1 xe h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">102.058 </div></div><div class=\"c_1 wb8 h6e gsf0\"><div class=\"t_1 m0_1 x12 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Planes retribuci\u00f3n a largo plazo </div></div><div class=\"c_1 w21 h6e gsf1\"><div class=\"t_1 m0_1 x7f h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.536 </div></div><div class=\"c_1 wbc h6e gsf2\"><div class=\"t_1 m0_1 x2d h1f y73 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">485   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 wb3 h6e gsf3\"><div class=\"t_1 m0_1 x15 h1f y73 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">3.021    </span></div></div><div class=\"c_1 w52 h6e gsf4\"><div class=\"t_1 m0_1 x7f h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.086 </div></div><div class=\"c_1 wbd h6e gsf5\"><div class=\"t_1 m0_1 x31 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">37<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wb2 h6e gsf6\"><div class=\"t_1 m0_1 x19 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.123 </div></div><div class=\"c_1 wb8 h9b gsf7\"><div class=\"t_1 m0_1 x12 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Indemnizaciones </div></div><div class=\"c_1 w21 h9b gsf8\"><div class=\"t_1 m0_1 x1e h1f y73 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">1.372    </span></div></div><div class=\"c_1 wbc h9b gsf9\"><div class=\"t_1 m0_1 x5b h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">771<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wb3 h9b gsfa\"><div class=\"t_1 m0_1 x19 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.143 </div></div><div class=\"c_1 w52 h9b gsfb\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">199<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wbd h9b gsfc\"><div class=\"t_1 m0_1 x16 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">592<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wb2 h9b gsfd\"><div class=\"t_1 m0_1 x2d h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">791<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w21 h99 gsfe\"><div class=\"t_1 m0_1 x1e h54 y77 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">89.619<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wbc h99 gsff\"><div class=\"t_1 m0_1 x21 h54 y77 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">23.479<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wb3 h99 gs100\"><div class=\"t_1 m0_1 xe h54 y77 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">113.098<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w52 h99 gs101\"><div class=\"t_1 m0_1 x1e h54 y77 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">83.281<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wbd h99 gs102\"><div class=\"t_1 m0_1 x21 h54 y77 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">20.691<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wb2 h99 gs103\"><div class=\"t_1 m0_1 xe h54 y77 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">103.972<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gsc4\"><div class=\"t_1 m0_1 x3f h8 y753 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h46 y754 ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Datos de plan<span class=\"_ _1\"></span>tilla </span></span></div><div class=\"t_1 m0_1 x1f h8 y755 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _6\"></span>plantilla <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2023, <span class=\"_ _6\"></span>detallada <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>profesional <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> sexo, <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la </div><div class=\"t_1 m0_1 x1f h8 y756 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">siguiente: </div></div><div class=\"c_1 wbe h9c gs104\"><div class=\"t_1 m0_1 x25 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero Medio de Empleados del Ejercicio </div></div><div class=\"c_1 wbf h9c gs105\"><div class=\"t_1 m0_1 x1b h54 y79 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wbf h9c gs106\"><div class=\"t_1 m0_1 x1b h54 y79 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h9c gs107\"><div class=\"t_1 m0_1 x12 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></div><div class=\"c_1 w87 h9c gs108\"><div class=\"t_1 m0_1 x5a h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></div><div class=\"c_1 wc1 h9c gs109\"><div class=\"t_1 m0_1 x11 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></div><div class=\"c_1 wc2 h9c gs10a\"><div class=\"t_1 m0_1 x8c h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 w87 h9c gs10b\"><div class=\"t_1 m0_1 x5a h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></div><div class=\"c_1 wc1 h9c gs10c\"><div class=\"t_1 m0_1 x11 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></div><div class=\"c_1 wc2 h9c gs10d\"><div class=\"t_1 m0_1 x8c h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></div><div class=\"c_1 w3d h9e gs10e\"><div class=\"t_1 m0_1 x12 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></div><div class=\"c_1 w87 h9e gs10f\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">57<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h9e gs110\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">20<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h9e gs111\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">77<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h9e gs112\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">57<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h9e gs113\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">17<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h9e gs114\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">74<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h6e gs115\"><div class=\"t_1 m0_1 x12 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></div><div class=\"c_1 w87 h6e gs116\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">71<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs117\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">31<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs118\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">102<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h6e gs119\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">68<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs11a\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">27<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs11b\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">95<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h1d gs11c\"><div class=\"t_1 m0_1 x12 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></div><div class=\"c_1 w87 h1d gs11d\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">67<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs11e\"><div class=\"t_1 m0_1 x38 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></div><div class=\"c_1 wc2 h1d gs11f\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">71<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h1d gs120\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">68<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs121\"><div class=\"t_1 m0_1 x38 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5 </div></div><div class=\"c_1 wc2 h1d gs122\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">73<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h6e gs123\"><div class=\"t_1 m0_1 x12 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></div><div class=\"c_1 w87 h6e gs124\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">221<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs125\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">150<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs126\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">371<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h6e gs127\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">216<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs128\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">147<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs129\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">363<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h1d gs12a\"><div class=\"t_1 m0_1 x12 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></div><div class=\"c_1 w87 h1d gs12b\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">16<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs12c\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">35<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h1d gs12d\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">51<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h1d gs12e\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">15<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs12f\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">37<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h1d gs130\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">52<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h6e gs131\"><div class=\"t_1 m0_1 x12 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></div><div class=\"c_1 w87 h6e gs132\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">298<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs133\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">50<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs134\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">348<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h6e gs135\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">292<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs136\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">46<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs137\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">338<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h1d gs138\"><div class=\"t_1 m0_1 x12 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></div><div class=\"c_1 w87 h1d gs139\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">45<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs13a\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">45<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h1d gs13b\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">90<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h1d gs13c\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">47<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs13d\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">45<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h1d gs13e\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">92<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h1d gs13f\"><div class=\"t_1 m0_1 x12 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></div><div class=\"c_1 w87 h1d gs140\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">134<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs141\"><div class=\"t_1 m0_1 x38 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></div><div class=\"c_1 wc2 h1d gs142\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">135<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h1d gs143\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">133<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs144\"><div class=\"t_1 m0_1 x38 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></div><div class=\"c_1 wc2 h1d gs145\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">135<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h9c gs146\"><div class=\"t_1 m0_1 x21 h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">909<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h9c gs147\"><div class=\"t_1 m0_1 x21 h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">336<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h9c gs148\"><div class=\"t_1 m0_1 x1e h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.245<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h9c gs149\"><div class=\"t_1 m0_1 x21 h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">896<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h9c gs14a\"><div class=\"t_1 m0_1 x21 h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">326<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h9c gs14b\"><div class=\"t_1 m0_1 x1e h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.222<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div>As\u00ed <span class=\"_ _1\"></span>mismo <span class=\"_ _e\"></span>la distribuci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>lantilla del <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023, <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>etallada por <span class=\"_ _e\"></span>categor\u00eda profesional y s<span class=\"_ _6\"></span>exo, es la siguiente:<span class=\"_ _33\"> </span><div class=\"c_1 wbe h9c gs14f\"><div class=\"t_1 m0_1 x14 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero de Empleados al cierre del Ejercicio </div></div><div class=\"c_1 wbf h9c gs150\"><div class=\"t_1 m0_1 x1b h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wbf h9c gs151\"><div class=\"t_1 m0_1 x1b h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h9c gs152\"><div class=\"t_1 m0_1 x12 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Categor\u00eda Profesional </div></div><div class=\"c_1 w87 h9c gs153\"><div class=\"t_1 m0_1 x5a h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></div><div class=\"c_1 wc1 h9c gs154\"><div class=\"t_1 m0_1 x11 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></div><div class=\"c_1 wc2 h9c gs155\"><div class=\"t_1 m0_1 x8c h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 w87 h9c gs156\"><div class=\"t_1 m0_1 x5a h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Hombres </div></div><div class=\"c_1 wc1 h9c gs157\"><div class=\"t_1 m0_1 x11 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Mujeres </div></div><div class=\"c_1 wc2 h9c gs158\"><div class=\"t_1 m0_1 x8c h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></div><div class=\"c_1 w3d h1d gs159\"><div class=\"t_1 m0_1 x12 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Directivos </div></div><div class=\"c_1 w87 h1d gs15a\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">57<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs15b\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">19<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h1d gs15c\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">76<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h1d gs15d\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">57<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs15e\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">19<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h1d gs15f\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">76<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h6e gs160\"><div class=\"t_1 m0_1 x12 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Gerentes </div></div><div class=\"c_1 w87 h6e gs161\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">75<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs162\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">34<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs163\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">109<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h6e gs164\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">69<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs165\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">31<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs166\"><div class=\"t_1 m0_1 x21 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">100<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h1d gs167\"><div class=\"t_1 m0_1 x12 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Responsables de equipo </div></div><div class=\"c_1 w87 h1d gs168\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">56<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs169\"><div class=\"t_1 m0_1 x38 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></div><div class=\"c_1 wc2 h1d gs16a\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">58<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h1d gs16b\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">69<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs16c\"><div class=\"t_1 m0_1 x38 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5 </div></div><div class=\"c_1 wc2 h1d gs16d\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">74<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h1d gs16e\"><div class=\"t_1 m0_1 x12 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00e9cnicos </div></div><div class=\"c_1 w87 h1d gs16f\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">217<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs170\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">152<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h1d gs171\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">369<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h1d gs172\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">226<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs173\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">160<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h1d gs174\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">386<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h6e gs175\"><div class=\"t_1 m0_1 x12 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Administrativos </div></div><div class=\"c_1 w87 h6e gs176\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">16<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs177\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">35<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs178\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">51<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h6e gs179\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">17<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs17a\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">40<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs17b\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">57<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h1d gs17c\"><div class=\"t_1 m0_1 x12 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Operadores </div></div><div class=\"c_1 w87 h1d gs17d\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">303<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs17e\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">60<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h1d gs17f\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">363<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h1d gs180\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">299<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs181\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">47<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h1d gs182\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">346<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h6e gs183\"><div class=\"t_1 m0_1 x12 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Apoyo y mejora </div></div><div class=\"c_1 w87 h6e gs184\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">47<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs185\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">35<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs186\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">82<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h6e gs187\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">49<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h6e gs188\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">43<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h6e gs189\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">92<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w3d h1d gs18a\"><div class=\"t_1 m0_1 x12 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Mantenimiento </div></div><div class=\"c_1 w87 h1d gs18b\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">136<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs18c\"><div class=\"t_1 m0_1 x38 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></div><div class=\"c_1 wc2 h1d gs18d\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">137<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h1d gs18e\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">130<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h1d gs18f\"><div class=\"t_1 m0_1 x38 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></div><div class=\"c_1 wc2 h1d gs190\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">131<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h9c gs191\"><div class=\"t_1 m0_1 x21 h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">907<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h9c gs192\"><div class=\"t_1 m0_1 x21 h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">338<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h9c gs193\"><div class=\"t_1 m0_1 x1e h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.245<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w87 h9c gs194\"><div class=\"t_1 m0_1 x21 h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">916<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc1 h9c gs195\"><div class=\"t_1 m0_1 x21 h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">346<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc2 h9c gs196\"><div class=\"t_1 m0_1 x1e h54 y5b ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.262<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs197\"><div class=\"t_1 m0_1 x89 h8 y652 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y778 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al 31 de diciembre de 2024 y<span class=\"_ _6\"></span> 2023 el n\u00famero de empl<span class=\"_ _6\"></span>eados con u<span class=\"_ _6\"></span>na discapacidad superior al <span class=\"_ _6\"></span>33% es de <span class=\"_ _6\"></span><span class=\"lse\">11</span> </div><div class=\"t_1 m0_1 x1f h8 y779 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y 12 personas<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y77a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"_ _10\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Administraci\u00f3n <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _10\"></span>conformado <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>13 </div><div class=\"t_1 m0_1 x1f h8 y77b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personas; 8 v<span class=\"_ _6\"></span>arones y 5 mujeres.<span class=\"_ _33\"> </span> <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h46 y35b ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Plan<span class=\"ls31\">es</span> de retribuc<span class=\"_ _1\"></span>i\u00f3n a largo plazo </span></span></div><div class=\"t_1 m0_1 x1f h8 y322 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Se <span class=\"_ _11\"> </span>detalla <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>contin<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>n\u00famero <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>beneficiarios <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>31/12/2024 <span class=\"_ _12\"> </span>as\u00ed <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>compromiso <span class=\"_ _12\"> </span>m\u00e1ximo, </div><div class=\"t_1 m0_1 x1f h8 y5e7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asumiendo un gra<span class=\"_ _6\"></span>do de cons<span class=\"_ _6\"></span>ecuci\u00f3n del 100%, de los <span class=\"_ _6\"></span>planes<span class=\"_ _6\"></span> de incentivos<span class=\"_ _6\"></span> a largo plazo<span class=\"_ _6\"></span> vigentes: </div></div><div class=\"c_1 wc5 h6d gs198\"><div class=\"t_1 m0_1 x5d h54 y5e ff7 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Coste m\u00e1ximo (miles \u20ac)<span class=\"ff3\"> </span></div></div><div class=\"c_1 wc3 ha0 gs199\"><div class=\"t_1 m0_1 x12 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">ILP </div></div><div class=\"c_1 wc4 ha0 gs19a\"><div class=\"t_1 m0_1 xda h54 y77e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">N\u00famero </div><div class=\"t_1 m0_1 x8c h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Beneficiarios </div></div><div class=\"c_1 wc6 ha0 gs19b\"><div class=\"t_1 m0_1 x2a h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efectivo </div></div><div class=\"c_1 w5f ha0 gs19c\"><div class=\"t_1 m0_1 x10 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Acciones </div></div><div class=\"c_1 wc7 ha0 gs19d\"><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 wc3 h6a gs19e\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Celulosa- </div></div><div class=\"c_1 wc3 h23 gs19f\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2023-<span class=\"ls9\">2027</span> (*) </div></div><div class=\"c_1 wc4 h23 gs1a0\"><div class=\"t_1 m0_1 x3e h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">84<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc6 h23 gs1a1\"><div class=\"t_1 m0_1 x5b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.365 </div></div><div class=\"c_1 w5f h23 gs1a2\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">12.387 </div></div><div class=\"c_1 wc7 h23 gs1a3\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">14.751 </div></div><div class=\"c_1 wc3 h23 gs1a4\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa Moldeada </div></div><div class=\"c_1 wc4 h23 gs1a5\"><div class=\"t_1 m0_1 x2d h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3 </div></div><div class=\"c_1 wc6 h23 gs1a6\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">828<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w5f h23 gs1a7\"><div class=\"t_1 m0_1 x36 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wc7 h23 gs1a8\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">828<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc3 h23 gs1a9\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio Renovables- </div></div><div class=\"c_1 wc3 h23 gs1aa\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">ILP 2021-<span class=\"ls9\">2025</span> </div></div><div class=\"c_1 wc4 h23 gs1ab\"><div class=\"t_1 m0_1 x3e h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">24<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc6 h23 gs1ac\"><div class=\"t_1 m0_1 x5b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.726 </div></div><div class=\"c_1 w5f h23 gs1ad\"><div class=\"t_1 m0_1 x36 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wc7 h23 gs1ae\"><div class=\"t_1 m0_1 x38 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.726 </div></div><div class=\"c_1 wc3 h23 gs1af\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Biog\u00e1s </div></div><div class=\"c_1 wc4 h23 gs1b0\"><div class=\"t_1 m0_1 x2d h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3 </div></div><div class=\"c_1 wc6 h23 gs1b1\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">894<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w5f h23 gs1b2\"><div class=\"t_1 m0_1 x36 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wc7 h23 gs1b3\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">894<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc3 h23 gs1b4\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Calor Industrial </div></div><div class=\"c_1 wc4 h23 gs1b5\"><div class=\"t_1 m0_1 x2d h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></div><div class=\"c_1 wc6 h23 gs1b6\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">557<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w5f h23 gs1b7\"><div class=\"t_1 m0_1 x36 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wc7 h23 gs1b8\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">557<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc4 h23 gs1b9\"><div class=\"t_1 m0_1 x96 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">116<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc6 h23 gs1ba\"><div class=\"t_1 m0_1 x16 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.370<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w5f h23 gs1bb\"><div class=\"t_1 m0_1 x21 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">12.387<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wc7 h23 gs1bc\"><div class=\"t_1 m0_1 x13 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">19.756<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs197\"><div class=\"t_1 m0_1 xc h8 y785 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(*) <span class=\"_ _2\"> </span>Se recogen los compromisos<span class=\"_ _6\"></span> vigentes al 31/12/202<span class=\"_ _6\"></span>4 asociado<span class=\"_ _6\"></span>s a los Ciclos<span class=\"_ _6\"></span> I y II del plan<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y497 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _1\"></span>gasto devengado <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _1\"></span>de 2024 <span class=\"_ _e\"></span>y 2023 <span class=\"_ _e\"></span>corr<span class=\"_ _6\"></span>espond<span class=\"_ _6\"></span>iente <span class=\"_ _e\"></span>a los <span class=\"_ _1\"></span>distintos planes de <span class=\"_ _e\"></span>retr<span class=\"_ _6\"></span>ibuci\u00f3n, </div><div class=\"t_1 m0_1 x1f h8 y498 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">detallado consid<span class=\"_ _6\"></span>erando su contra<span class=\"_ _6\"></span>partida<span class=\"_ _6\"></span>, es el siguient<span class=\"_ _6\"></span>e:<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x1f h8 y786 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y787 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y788 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y789 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div>31/12/2024 31/12/2023 Miles de euros Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Negocio Celulosa-   <span class=\"ls0_1\">ILP 2019-<span class=\"ls9\">2023</span> </span>- - - (349) (105) (244)   <span class=\"ls0_1\">ILP 2023-<span class=\"ls9\">2027</span> </span>2.437 392<span class=\"ls0_1\"> </span>2.045 1.435 230<span class=\"ls0_1\"> </span>1.205   <span class=\"ls0_1\">Celulosa Moldeada </span>99<span class=\"ls0_1\"> </span>99<span class=\"ls0_1\"> </span>- - - - Negocio Renovables-   <span class=\"ls0_1\">Magnon <span class=\"ls9\">2021</span>-<span class=\"ls9\">2025</span> </span>301<span class=\"ls0_1\"> </span>301<span class=\"ls0_1\"> </span>- 37<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>-   <span class=\"ls0_1\">Biometano </span>139<span class=\"ls0_1\"> </span>139<span class=\"ls0_1\"> </span>- - - -   <span class=\"ls0_1\">Calor Industrial </span>45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>- - - - 3.02<span class=\"ls0_1\">1 </span>975<span class=\"ls0_1\"> </span>2.045<span class=\"ls0_1\"> </span>1.123<span class=\"ls0_1\"> </span>162<span class=\"ls0_1\"> </span>961<span class=\"ls0_1\"> </span>Plan de ince<span class=\"_ _6\"></span>ntivo a largo plazo para e<span class=\"_ _6\"></span>l periodo 2023<span class=\"_ _6\"></span>-<span class=\"lse\">2027</span> El <span class=\"_ _6\"></span>5 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>mayo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Junta <span class=\"_ _6\"></span>Gene<span class=\"_ _6\"></span>ral <span class=\"_ _6\"></span>Ordinaria <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>Accionistas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _6\"></span>Domin<span class=\"_ _6\"></span>ante <span class=\"_ _10\"></span><span class=\"ff6\">aprob\u00f3 <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u201cPlan<span class=\"_ _6\"></span> </span>de incentivo<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>largo <span class=\"_ _6\"></span>plazo<span class=\"_ _6\"></span> 202<span class=\"_ _6\"></span>3-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _6\"></span>dirigido a<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>irectivos, <span class=\"_ _6\"></span>incluido <span class=\"_ _6\"></span>el Pr<span class=\"_ _6\"></span>esidente y<span class=\"_ _6\"></span> Cons<span class=\"_ _6\"></span>ejero D<span class=\"_ _6\"></span>elegado d<span class=\"_ _6\"></span>e la Sociedad, y otro<span class=\"_ _6\"></span>s empleados d<span class=\"_ _6\"></span>el Grupo Ence (el \u201cPlan\u201d). <span class=\"_ _6\"></span><span class=\"ff4\"> </span>El Plan tiene un<span class=\"_ _6\"></span>a duraci\u00f3n d<span class=\"_ _6\"></span>e 5 a\u00f1os<span class=\"_ _6\"></span>, esto es, d<span class=\"_ _6\"></span>esde el 1/1/2023 hasta<span class=\"_ _6\"></span> el 31/12/2027<span class=\"_ _6\"></span> y se div<span class=\"_ _6\"></span>id<span class=\"_ _6\"></span>e en 3 ci<span class=\"_ _6\"></span>clos anuales <span class=\"_ _11\"></span>solapados <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>3 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>ellos<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>dependientes <span class=\"_ _0\"></span>entre <span class=\"_ _11\"></span>s\u00ed, <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>idar\u00e1<span class=\"_ _6\"></span>n dentro <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>90 <span class=\"_ _1\"></span>d\u00edas <span class=\"_ _e\"></span>siguientes <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>\u00faltimo <span class=\"_ _e\"></span>a\u00f1o <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cada <span class=\"_ _e\"></span>ciclo<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _e\"></span><span class=\"ls0_1\"> <span class=\"_ _e\"></span>El <span class=\"_ _1\"></span>ciclo <span class=\"_ _e\"></span>I <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Plan <span class=\"_ _e\"></span>representa <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>60% <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _6\"></span> II y III representan u<span class=\"_ _6\"></span>n 20% cada uno<span class=\"_ _6\"></span> del incentivo total.<span class=\"_ _33\"> </span>El <span class=\"_ _6\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>estar\u00e1<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>condicion<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>cumplimie<span class=\"_ _6\"></span>nto <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>determinados <span class=\"_ _15\"></span>objetivos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financieros, <span class=\"_ _15\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _12\"> </span>valo<span class=\"_ _6\"></span>r  para  el <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista,  aprobados  por  el  Consejo  de <span class=\"_ _12\"> </span>Administraci\u00f3n<span class=\"_ _6\"></span>  a propuesta d<span class=\"_ _6\"></span>e la Comisi\u00f3n de Nombra<span class=\"_ _6\"></span>mientos y Retribu<span class=\"_ _6\"></span>ciones<span class=\"_ _6\"></span>.  El incentivo considerado en este Plan consiste en <span class=\"_ _1\"></span>un % de la <span class=\"_ _1\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>ca<span class=\"_ _6\"></span>tegor\u00eda <span class=\"_ _6\"></span>prof<span class=\"_ _6\"></span>esional <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>bene<span class=\"_ _6\"></span>ficiario, <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>liquida <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>70% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un 30% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>efectivo, <span class=\"_ _10\"></span>excepto <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mie<span class=\"_ _6\"></span>mbros <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Comit\u00e9 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Dire<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _15\"></span>cuya <span class=\"_ _10\"></span>liquidaci\u00f3n <span class=\"_ _15\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>100% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones. <span class=\"_ _11\"></span>El Presidente y <span class=\"_ _e\"></span>Con<span class=\"_ _6\"></span>sejero Delegado y <span class=\"_ _e\"></span>el resto <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>miembros del Comit\u00e9 <span class=\"_ _e\"></span>de Direcci\u00f3n asumen <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>eterminados compromisos de mantenim<span class=\"_ _6\"></span>iento d<span class=\"_ _6\"></span>e las acciones recibidas<span class=\"_ _6\"></span>.  El <span class=\"_ _6\"></span>n\u00famero <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acciones <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>entregar <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>determinar\u00e1 <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>referencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de ENCE <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>cotizaci\u00f3n <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>20 <span class=\"_ _6\"></span>d\u00edas <span class=\"_ _6\"></span>anteriores <span class=\"_ _6\"></span>y p<span class=\"_ _6\"></span>osteriores <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e ca<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ciclo. El <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>referencia <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>considerar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>tres <span class=\"_ _0\"></span><span class=\"lsc\">ciclo</span>s <span class=\"_ _10\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>3,24 <span class=\"_ _10\"></span>\u20ac<span class=\"_ _6\"></span>/acci\u00f3n</span>, <span class=\"_ _0\"></span><span class=\"ff6\">2,86 <span class=\"_ _10\"></span>\u20ac/acci\u00f3<span class=\"_ _6\"></span>n, <span class=\"_ _0\"></span></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>3,1 <span class=\"_ _10\"></span><span class=\"ff6\">\u20ac/acci\u00f3n</span><span class=\"ls10\">, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>plan<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>tres <span class=\"_ _10\"></span>ciclos <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span><span class=\"lse\">83</span>, <span class=\"_ _0\"></span><span class=\"lse\">84 <span class=\"_ _0\"></span></span>y <span class=\"_ _0\"></span>84 <span class=\"_ _0\"></span>personas<span class=\"ls20\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _12\"> </span>coste  m\u00e1ximo  previsto  en  su conjunto,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>grado <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>consecuci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>100%<span class=\"_ _15\"></span>, <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>ciende <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>aproximadament<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>18,5 <span class=\"_ _15\"></span>millon<span class=\"ff6\">es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>\u20ac</span> (3,0 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _6\"></span>ectivo y </span>5,1 <span class=\"_ _6\"></span>millones de acciones)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> Otros planes de retribuc<span class=\"_ _6\"></span>i\u00f3n a la<span class=\"_ _6\"></span>rgo plazo <span class=\"_ _6\"></span><span class=\"ls32\">y </span>otros comp<span class=\"_ _6\"></span>romisos El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>aprobado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>tres <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lanes <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incentiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>largo <span class=\"_ _15\"></span>plazo <span class=\"_ _15\"></span>dirigidos <span class=\"_ _15\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _15\"></span>empleados<span class=\"_ _6\"></span> clave ligados a l<span class=\"ls1d\">os</span> <span class=\"_ _1\"></span>negocios Celulosa Moldeada<span class=\"_ _6\"></span>, Biog\u00e1s y Calor Industrial. Los planes tienen una d<span class=\"_ _1\"></span>uraci\u00f3n de<span class=\"_ _33\"> </span>4<span class=\"ls10\">,5</span> <span class=\"_ _11\"></span>a\u00f1os, <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>liquidan <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>efectivo, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>su <span class=\"_ _11\"></span>consecuci\u00f3n <span class=\"_ _11\"></span>est\u00e1 <span class=\"_ _11\"> </span>condicionad<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>al <span class=\"_ _11\"></span>cumplimiento <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>serie <span class=\"_ _11\"></span>de<span class=\"_ _1\"></span> objetivos ligado<span class=\"_ _6\"></span>s al desarrollo de<span class=\"_ _6\"></span> dichos<span class=\"_ _6\"></span> negocios. Adicionalmente, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>ap<span class=\"_ _6\"></span>rob\u00f3 <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>2021 <span class=\"_ _11\"> </span>un<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lan <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>incentivo <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>largo <span class=\"_ _12\"> </span>plazo <span class=\"_ _12\"> </span>dirigido <span class=\"_ _12\"> </span>a  determinados<span class=\"_ _6\"></span> empleados <span class=\"_ _11\"></span>clave <span class=\"_ _0\"></span>ligad<span class=\"_ _6\"></span>os <span class=\"_ _11\"></span>al <span class=\"_ _11\"></span>negocio <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>Renovab<span class=\"_ _6\"></span>les. <span class=\"_ _11\"></span>El <span class=\"_ _0\"></span>plan <span class=\"_ _11\"> </span>tiene <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>5 <span class=\"_ _11\"> </span>a\u00f1os, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>ida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _18\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>as\u00ed <span class=\"_ _1e\"> </span>mismo <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>consecuci\u00f3n <span class=\"_ _1e\"> </span>est\u00e1 <span class=\"_ _1e\"> </span>condicionada <span class=\"_ _1e\"> </span>al <span class=\"_ _18\"> </span>cu<span class=\"_ _6\"></span>mplimiento <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>determinados <span class=\"_ _1e\"> </span>objetivos<span class=\"_ _6\"></span> financieros y n<span class=\"_ _6\"></span>o financieros. De <span class=\"_ _15\"></span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>previsto <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Plan <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>incentivo <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>largo <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>Celulosa, <span class=\"_ _10\"></span>S.A.<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>el periodo <span class=\"_ _6\"></span>2019-2<span class=\"_ _6\"></span>023, <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>julio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rocedido <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>liquidaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Ciclo <span class=\"_ _6\"></span>II <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>citado <span class=\"_ _15\"></span>Plan, <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>ha supuesto la<span class=\"_ _6\"></span> liquidaci\u00f3n, despu\u00e9s de impuestos<span class=\"_ _15\"></span>, <span class=\"ff6\">de 236 miles \u20ac y<span class=\"_ _6\"></span> 95 miles acciones de ENC<span class=\"_ _6\"></span>E.<span class=\"_ _6\"></span></span> El <span class=\"_ _10\"></span>24 <span class=\"_ _15\"></span>de <span class=\"_ _0\"></span>marzo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>20<span class=\"_ _6\"></span>22 <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _0\"></span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>Magnon<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Green <span class=\"_ _10\"></span>Energy, <span class=\"_ _10\"></span>S.L., <span class=\"_ _10\"></span>apro<span class=\"_ _6\"></span>b\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _1\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _1\"></span>iciarios percibir <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _6\"></span>extraordinar<span class=\"_ _6\"></span>ia <span class=\"_ _6\"></span>pagadera <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>met\u00e1lico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vinculada <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>rentabilidad <span class=\"_ _6\"></span>obtenida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>los<span class=\"_ _33\"> </span>accionistas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el 18 d<span class=\"_ _6\"></span>e diciembre de <span class=\"_ _6\"></span>2020 <span class=\"_ _6\"></span>y el <span class=\"_ _6\"></span>18 de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e 2028.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Son <span class=\"_ _6\"></span>requisitos<span class=\"_ _6\"></span> para s<span class=\"_ _6\"></span>u d<span class=\"_ _6\"></span>evengo la <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>secuci\u00f3n  de <span class=\"_ _11\"> </span>una  tasa <span class=\"_ _12\"> </span>interna <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>rentab<span class=\"_ _6\"></span>ilidad <span class=\"_ _12\"> </span>(TIR)  m<span class=\"_ _1\"></span>\u00ednima <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ara  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista <span class=\"_ _12\"> </span>del  10%,  y <span class=\"_ _12\"> </span>que  e<span class=\"_ _1\"></span>l beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la <span class=\"_ _1a\"> </span>fecha  de <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ago,  con  las salvedades h<span class=\"_ _1\"></span>abituales <span class=\"_ _e\"></span>para est<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>incentivos<span class=\"_ _6\"></span>. <span class=\"_ _1\"></span>El <span class=\"_ _e\"></span>colectivo <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>plan <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de 2024<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>lo <span class=\"_ _1\"></span>forman 5 personas<span class=\"_ _6\"></span>, y el <span class=\"_ _6\"></span>coste m\u00e1ximo <span class=\"_ _6\"></span>previsto, <span class=\"_ _6\"></span>considerando <span class=\"_ _6\"></span>un grado d<span class=\"_ _6\"></span>e consecuci\u00f3n <span class=\"_ _6\"></span>del 100%, <span class=\"_ _6\"></span>asciende a <span class=\"_ _6\"></span>4.938 miles \u20ac.<span class=\"_ _33\"> </span>12.<span class=\"ff5 ls0_1\"> <span class=\"_ _26\"> </span><span class=\"ff3\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _e\"></span>de este e<span class=\"_ _1\"></span>p\u00edgrafe del Estado <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e Re<span class=\"_ _1\"></span>sultado consolidado de <span class=\"_ _1\"></span>los ejercicios 2024 <span class=\"_ _1\"></span>y 2023 <span class=\"_ _1\"></span>en los <span class=\"_ _1\"></span>distintos negocios desarrollad<span class=\"_ _6\"></span>os por ENCE es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _6\"></span> 31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Servicios exteriores   <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>147.288 66.894 212.962 Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>8.344 3.288 11.632 Tributos    <span class=\"ls9\">4.808</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">12.601</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">17.409</span>   <span class=\"ls0_1\"> </span>2.993 2.021 5.014 Variaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>provisiones <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>tr\u00e1fico <span class=\"_ _0\"></span>y otros   <span class=\"ls9\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>(511) 126<span class=\"ls0_1\"> </span>(385) Otros gastos no ordinarios de las operaciones   <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>619<span class=\"ls0_1\"> </span>409<span class=\"ls0_1\"> </span>1.028   <span class=\"ls9\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">212.590   <span class=\"ls0_1\"> </span></span>158.733<span class=\"ls0_1\"> </span>72.738<span class=\"ls0_1\"> </span>230.251<span class=\"_ _33\"> </span>(*) <span class=\"_ _27\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>entre <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGru<span class=\"_ _6\"></span>po <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span>negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _15\"></span>Renovable\u201d <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>co<span class=\"_ _6\"></span>rresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _15\"></span>entre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. El <span class=\"_ _e\"></span>Real <span class=\"_ _1\"></span>Decreto <span class=\"_ _1\"></span>8/2023 <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>adoptan me<span class=\"_ _1\"></span>didas <span class=\"_ _1\"></span>para afrontar <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>secuencias <span class=\"_ _1\"></span>econ\u00f3micas y <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>ociales derivadas <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>conflictos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>Ucrania <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>Oriente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _6\"></span>mo, <span class=\"_ _11\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _0\"></span>paliar <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>efectos <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>sequ\u00eda, aprobado el 27 de diciembre, <span class=\"_ _6\"></span>recupera el Impuesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _6\"></span> desd<span class=\"_ _6\"></span>e el 1 de enero de 2024 y d<span class=\"_ _6\"></span>e forma <span class=\"_ _6\"></span>progresiva<span class=\"_ _6\"></span>, quedand<span class=\"_ _6\"></span>o fijado en el <span class=\"_ _6\"></span>definitivo 7<span class=\"_ _6\"></span>% a partir del <span class=\"_ _6\"></span>1 de julio de 202<span class=\"_ _6\"></span>4. El coste asociad<span class=\"_ _6\"></span>o a este impuesto se recoge en e<span class=\"_ _6\"></span>l ep\u00edgrafe \u201cTribu<span class=\"_ _6\"></span>tos\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Servicios exteriore<span class=\"_ _e\"></span>s </span></span>El desglose por <span class=\"_ _6\"></span>conceptos del gasto d<span class=\"_ _6\"></span>e servicios exteriores de los<span class=\"_ _6\"></span> ejercicios 202<span class=\"_ _6\"></span>4 y 2023 <span class=\"_ _6\"></span>es el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo consolidado Negocio Celulosa Negocio Renovables Grupo consolidado Transportes, fletes y costes comerciales   <span class=\"ls0_1\">45.822    </span>  <span class=\"ls0_1\">5.590    </span>  <span class=\"ls0_1\">51.412    </span>62.555 3.262 65.817 Suministros   <span class=\"ls0_1\">15.786    </span>  <span class=\"ls0_1\">3.858    </span>  <span class=\"ls0_1\">19.454    </span>12.177 5.147 17.134 Reparaciones y conservaci\u00f3n   <span class=\"ls0_1\">15.001    </span>  <span class=\"ls0_1\">19.534    </span>  <span class=\"ls0_1\">34.535    </span>16.926 22.225 39.151 Servicios de profesionales independientes   <span class=\"ls0_1\">5.378    </span>  <span class=\"ls0_1\">1.748    </span>  <span class=\"ls0_1\">7.126    </span>5.531 2.152 7.683 Primas de seguros   <span class=\"ls0_1\">4.540    </span>  <span class=\"ls0_1\">3.278    </span>  <span class=\"ls0_1\">7.818    </span>4.931 3.712 8.643 Servicios bancarios y similares   <span class=\"ls0_1\">1.748    </span>  <span class=\"ls0_1\">1.179    </span>  <span class=\"ls0_1\">2.922    </span>2.334 669<span class=\"ls0_1\"> </span>3.003 Arrendamientos y c\u00e1nones (Nota 17)   <span class=\"ls9\">542   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">292   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">834   <span class=\"ls0_1\"> </span></span>678<span class=\"ls0_1\"> </span>264<span class=\"ls0_1\"> </span>942<span class=\"ls0_1\"> </span>Publicidad, propaganda y relaciones p\u00fablicas    <span class=\"ls0_1\">3.741    </span>  <span class=\"ls9\">179   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">3.919    </span>3.812 158<span class=\"ls0_1\"> </span>3.970 Gastos de investigaci\u00f3n y desarrollo   <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span>155<span class=\"ls0_1\"> </span>7 162<span class=\"ls0_1\"> </span>Otros servicios   <span class=\"ls0_1\">26.204    </span>  <span class=\"ls0_1\">26.242    </span>  <span class=\"ls0_1\">51.359    </span>38.189 29.298 66.457   <span class=\"ls9\">118.862   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">61.900   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">179.479   <span class=\"ls0_1\"> </span></span>147.288<span class=\"ls0_1\"> </span>66.894<span class=\"ls0_1\"> </span>212.962<span class=\"ls0_1\"> </span>(*) <span class=\"_ _1e\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>ntre <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGrupo <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span>negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _6\"></span>Renovable\u201d <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>corresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>dichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. ENCE <span class=\"_ _e\"></span>tiene contratado <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>eguro <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>responsabilidad civil <span class=\"_ _a\"></span>que <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>bre <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>todos <span class=\"_ _1\"></span>sus <span class=\"_ _e\"></span>administradores <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>irectivos por <span class=\"_ _6\"></span>da\u00f1<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>ocasion<span class=\"_ _6\"></span>ados <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>actos <span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>omision<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>cargo<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Su <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>sido de <span class=\"ff6\">82 miles \u20ac y <span class=\"_ _6\"></span></span>94 miles <span class=\"ff6\">\u20ac</span>, respectivamente<span class=\"_ _6\"></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span>12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Honorarios de<span class=\"_ _1\"></span> auditor\u00eda </span></span>La firm<span class=\"_ _1\"></span>a que ha <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditado las cuentas de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> sociedades que <span class=\"_ _1\"></span>conforman el Grupo <span class=\"_ _1\"></span>ENCE en 2024 y 2023 ha <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ido KPMG Auditores, S.L. <span class=\"_ _6\"></span>(v\u00e9ase Anexo I)<span class=\"_ _6\"></span>. Durante <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023, <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>hon<span class=\"_ _6\"></span>orarios <span class=\"_ _15\"></span>relativos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ervicios <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>auditor\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>cuentas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span>s servicios prestad<span class=\"_ _6\"></span>os por el auditor o por <span class=\"_ _6\"></span>empresas vinculad<span class=\"_ _6\"></span>as al auditor han s<span class=\"_ _6\"></span>ido los siguientes:<span class=\"_ _15\"></span><span class=\"ff2 fs1\"> </span> Miles \u20ac<span class=\"ff3\"> </span>202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Servicios de auditor\u00eda 220<span class=\"ls0_1\"> </span>235<span class=\"ls0_1\"> </span>Servicios relacionados con la auditor\u00eda 47<span class=\"ls0_1\"> </span>25<span class=\"ls0_1\"> </span>Otros servicios 75<span class=\"ls0_1\"> </span>56<span class=\"_ _33\"> </span>Los servicios prestados por el <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditor en 2024, relacionados con los servicios de a<span class=\"_ _1\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _17\"> </span>revisi\u00f3n <span class=\"_ _17\"> </span>so<span class=\"_ _6\"></span>bre <span class=\"_ _17\"> </span>ratios <span class=\"_ _17\"> </span>fin<span class=\"_ _6\"></span>ancieros <span class=\"_ _17\"> </span>para <span class=\"_ _1c\"> </span>atender <span class=\"_ _1e\"> </span>a <span class=\"_ _1c\"> </span>las <span class=\"_ _17\"> </span>obligaciones <span class=\"_ _17\"> </span>re<span class=\"_ _6\"></span>cogidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>los <span class=\"_ _17\"> </span>contratos<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>de financiaci\u00f3n, <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>de verificaci\u00f3n <span class=\"_ _6\"></span>del s<span class=\"_ _6\"></span>istema de <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>interno <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>informaci\u00f3n finan<span class=\"_ _6\"></span>ciera y <span class=\"_ _6\"></span>servicios de <span class=\"_ _19\"> </span>revis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _19\"> </span>determinadas<span class=\"_ _6\"></span> <span class=\"_ _25\"> </span>magnitu<span class=\"_ _6\"></span>des <span class=\"_ _25\"> </span>financieras <span class=\"_ _19\"> </span>para <span class=\"_ _25\"> </span>acreditar <span class=\"_ _25\"> </span>la <span class=\"_ _25\"> </span>condici\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _25\"> </span>consumidor electrointensivo <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pago <span class=\"_ _6\"></span>lega<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>varias<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u p<span class=\"_ _6\"></span>arte <span class=\"_ _6\"></span>el apartado \u201cOt<span class=\"_ _6\"></span>ros servicios\u201d incluye principa<span class=\"_ _6\"></span>lmente servicios d<span class=\"_ _6\"></span>e verificaci\u00f3n <span class=\"_ _6\"></span><span class=\"ff4\">del Infor<span class=\"_ _6\"></span>me de<span class=\"_ _6\"></span> Sostenibilidad<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"_ _10\"></span><span class=\"ff3\">Ap<span class=\"_ _6\"></span>rovisionamientos </span></span>El <span class=\"ff6\">ep\u00edgrafe \u201cAprovision<span class=\"_ _6\"></span>amientos\u201d<span class=\"_ _6\"></span> en los ejercicios 202<span class=\"_ _6\"></span></span>4 y 202<span class=\"_ _6\"></span>3 se desglosa <span class=\"_ _6\"></span>en: 31/12/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Compras   <span class=\"ls0_1\">303.474    </span>  <span class=\"ls0_1\">52.659    </span>  <span class=\"ls0_1\">352.448    </span>  <span class=\"ls0_1\">292.620    </span>  <span class=\"ls0_1\">50.875    </span>  <span class=\"ls0_1\">342.926    </span>Variaci\u00f3n de existencias de materias primas y auxiliares (7.885)             <span class=\"ls0_1\">(456)    </span>       <span class=\"ls0_1\">(8.341)    </span>  <span class=\"ls0_1\">23.574    </span>      <span class=\"ls0_1\">(1.180)    </span>  <span class=\"ls0_1\">22.394    </span>Otros gastos externos   <span class=\"ls0_1\">64.941    </span>  <span class=\"ls0_1\">16.155    </span>  <span class=\"ls0_1\">81.096    </span>  <span class=\"ls0_1\">35.301    </span>  <span class=\"ls0_1\">18.428    </span>  <span class=\"ls0_1\">51.568    </span>360.530 <span class=\"ls0_1\"> </span>68.358 <span class=\"ls0_1\"> </span>425.203 <span class=\"ls0_1\"> </span>351.495 <span class=\"ls0_1\"> </span>68.123 <span class=\"ls0_1\"> </span>416.888 <span class=\"ls0_1\"> </span>(*)  <span class=\"ff6\">La <span class=\"_ _10\"></span>diferencia <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>i<span class=\"_ _6\"></span>nformaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>\u201cGrupo <span class=\"_ _10\"></span>Consolidado\u201d <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>2023<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los </span>negocios <span class=\"_ _15\"></span>\u201cCelulosa\u201d <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>\u201cEnerg\u00eda <span class=\"_ _15\"></span>R<span class=\"_ _6\"></span>enovable\u201d <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>corresponde <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>eliminaciones <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>operaciones <span class=\"_ _10\"></span>efectuadas <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>dichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>3.685 <span class=\"ff6\">miles \u20ac y 2.730 miles \u20ac, respectivamente</span>. En este <span class=\"_ _6\"></span>ep\u00edgrafe se <span class=\"_ _6\"></span>incluyen <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> cos<span class=\"_ _6\"></span>tes de <span class=\"_ _6\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _6\"></span>de madera, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>productos <span class=\"_ _6\"></span>qu\u00edmicos, <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e combustibles  y  de <span class=\"_ _12\"> </span>otros  costes  variables, <span class=\"_ _12\"> </span>as<span class=\"_ _6\"></span>\u00ed  como <span class=\"_ _12\"> </span>costes  asociados  a <span class=\"_ _12\"> </span>serv<span class=\"_ _6\"></span>icios  de <span class=\"_ _12\"> </span>aprov<span class=\"_ _6\"></span>echamiento  y transporte d<span class=\"_ _6\"></span>e madera.<span class=\"_ _33\"> </span>11.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Personal </span></span>Los <span class=\"_ _6\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>personal <span class=\"_ _15\"></span>incurridos <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>distin<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>negocios <span class=\"_ _15\"></span>desarrollados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por ENCE son<span class=\"_ _6\"></span> los siguientes: 31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Sueldos y salarios   <span class=\"ls0_1\">64.468    </span>  <span class=\"ls0_1\">17.160    </span>  <span class=\"ls0_1\">81.628    </span>61.839 15.477 77.316 Seguridad Social   <span class=\"ls0_1\">17.090    </span>  <span class=\"ls0_1\">4.378    </span>  <span class=\"ls0_1\">21.468    </span>16.351 4.019 20.370 Aportaci\u00f3n planes pensiones   <span class=\"ls0_1\">2.362    </span>  <span class=\"ls9\">453   <span class=\"ls0_1\"> </span></span>2.815 2.204 365<span class=\"ls0_1\"> </span>2.569 Otros gastos sociales 1.791 232<span class=\"ls0_1\"> </span>2.023 1.602 201<span class=\"ls0_1\"> </span>1.803 85.711 22.223 107.934 81.996 20.062 102.058 Planes retribuci\u00f3n a largo plazo 2.536   <span class=\"ls9\">485   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">3.021    </span>1.086 37<span class=\"ls0_1\"> </span>1.123 Indemnizaciones   <span class=\"ls0_1\">1.372    </span>771<span class=\"ls0_1\"> </span>2.143 199<span class=\"ls0_1\"> </span>592<span class=\"ls0_1\"> </span>791<span class=\"ls0_1\"> </span>89.619<span class=\"ls0_1\"> </span>23.479<span class=\"ls0_1\"> </span>113.098<span class=\"ls0_1\"> </span>83.281<span class=\"ls0_1\"> </span>20.691<span class=\"ls0_1\"> </span>103.972<span class=\"ls0_1\"> </span>11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Datos de plan<span class=\"_ _1\"></span>tilla </span></span>La <span class=\"_ _6\"></span>plantilla <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2023, <span class=\"_ _6\"></span>detallada <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>profesional <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> sexo, <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la siguiente: N\u00famero Medio de Empleados del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>20<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>74<span class=\"ls0_1\"> </span>Gerentes 71<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>102<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>27<span class=\"ls0_1\"> </span>95<span class=\"ls0_1\"> </span>Responsables de equipo 67<span class=\"ls0_1\"> </span>4 71<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>5 73<span class=\"ls0_1\"> </span>T\u00e9cnicos 221<span class=\"ls0_1\"> </span>150<span class=\"ls0_1\"> </span>371<span class=\"ls0_1\"> </span>216<span class=\"ls0_1\"> </span>147<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>15<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>52<span class=\"ls0_1\"> </span>Operadores 298<span class=\"ls0_1\"> </span>50<span class=\"ls0_1\"> </span>348<span class=\"ls0_1\"> </span>292<span class=\"ls0_1\"> </span>46<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>Apoyo y mejora 45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>90<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 134<span class=\"ls0_1\"> </span>1 135<span class=\"ls0_1\"> </span>133<span class=\"ls0_1\"> </span>2 135<span class=\"ls0_1\"> </span>909<span class=\"ls0_1\"> </span>336<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>896<span class=\"ls0_1\"> </span>326<span class=\"ls0_1\"> </span>1.222<span class=\"_ _33\"> </span>As\u00ed <span class=\"_ _1\"></span>mismo <span class=\"_ _e\"></span>la distribuci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>lantilla del <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023, <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>etallada por <span class=\"_ _e\"></span>categor\u00eda profesional y s<span class=\"_ _6\"></span>exo, es la siguiente:<span class=\"_ _33\"> </span>N\u00famero de Empleados al cierre del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>Gerentes 75<span class=\"ls0_1\"> </span>34<span class=\"ls0_1\"> </span>109<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>Responsables de equipo 56<span class=\"ls0_1\"> </span>2 58<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>5 74<span class=\"ls0_1\"> </span>T\u00e9cnicos 217<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>369<span class=\"ls0_1\"> </span>226<span class=\"ls0_1\"> </span>160<span class=\"ls0_1\"> </span>386<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>40<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>Operadores 303<span class=\"ls0_1\"> </span>60<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>299<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>Apoyo y mejora 47<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>82<span class=\"ls0_1\"> </span>49<span class=\"ls0_1\"> </span>43<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 136<span class=\"ls0_1\"> </span>1 137<span class=\"ls0_1\"> </span>130<span class=\"ls0_1\"> </span>1 131<span class=\"ls0_1\"> </span>907<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>916<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>1.262<span class=\"ls0_1\"> </span>Al 31 de diciembre de 2024 y<span class=\"_ _6\"></span> 2023 el n\u00famero de empl<span class=\"_ _6\"></span>eados con u<span class=\"_ _6\"></span>na discapacidad superior al <span class=\"_ _6\"></span>33% es de <span class=\"_ _6\"></span><span class=\"lse\">11</span> y 12 personas<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> Por <span class=\"_ _10\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Administraci\u00f3n <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _10\"></span>conformado <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>13 personas; 8 v<span class=\"_ _6\"></span>arones y 5 mujeres.<span class=\"_ _33\"> </span>11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Plan<span class=\"ls31\">es</span> de retribuc<span class=\"_ _1\"></span>i\u00f3n a largo plazo </span></span>Se <span class=\"_ _11\"> </span>detalla <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>contin<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>n\u00famero <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>beneficiarios <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>31/12/2024 <span class=\"_ _12\"> </span>as\u00ed <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>compromiso <span class=\"_ _12\"> </span>m\u00e1ximo, asumiendo un gra<span class=\"_ _6\"></span>do de cons<span class=\"_ _6\"></span>ecuci\u00f3n del 100%, de los <span class=\"_ _6\"></span>planes<span class=\"_ _6\"></span> de incentivos<span class=\"_ _6\"></span> a largo plazo<span class=\"_ _6\"></span> vigentes: Coste m\u00e1ximo (miles \u20ac)<span class=\"ff3\"> </span>ILP N\u00famero Beneficiarios Efectivo Acciones Total Negocio Celulosa- ILP 2023-<span class=\"ls9\">2027</span> (*) 84<span class=\"ls0_1\"> </span>2.365 12.387 14.751 Celulosa Moldeada 3 828<span class=\"ls0_1\"> </span>- 828<span class=\"ls0_1\"> </span>Negocio Renovables- ILP 2021-<span class=\"ls9\">2025</span> 24<span class=\"ls0_1\"> </span>2.726 - 2.726 Biog\u00e1s 3 894<span class=\"ls0_1\"> </span>- 894<span class=\"ls0_1\"> </span>Calor Industrial 2 557<span class=\"ls0_1\"> </span>- 557<span class=\"ls0_1\"> </span>116<span class=\"ls0_1\"> </span>7.370<span class=\"ls0_1\"> </span>12.387<span class=\"ls0_1\"> </span>19.756<span class=\"ls0_1\"> </span>(*) <span class=\"_ _2\"> </span>Se recogen los compromisos<span class=\"_ _6\"></span> vigentes al 31/12/202<span class=\"_ _6\"></span>4 asociado<span class=\"_ _6\"></span>s a los Ciclos<span class=\"_ _6\"></span> I y II del plan<span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>gasto devengado <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _1\"></span>de 2024 <span class=\"_ _e\"></span>y 2023 <span class=\"_ _e\"></span>corr<span class=\"_ _6\"></span>espond<span class=\"_ _6\"></span>iente <span class=\"_ _e\"></span>a los <span class=\"_ _1\"></span>distintos planes de <span class=\"_ _e\"></span>retr<span class=\"_ _6\"></span>ibuci\u00f3n, detallado consid<span class=\"_ _6\"></span>erando su contra<span class=\"_ _6\"></span>partida<span class=\"_ _6\"></span>, es el siguient<span class=\"_ _6\"></span>e:<span class=\"_ _33\"> </span>31/12/2024 31/12/2023 Miles de euros Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Negocio Celulosa-   <span class=\"ls0_1\">ILP 2019-<span class=\"ls9\">2023</span> </span>- - - (349) (105) (244)   <span class=\"ls0_1\">ILP 2023-<span class=\"ls9\">2027</span> </span>2.437 392<span class=\"ls0_1\"> </span>2.045 1.435 230<span class=\"ls0_1\"> </span>1.205   <span class=\"ls0_1\">Celulosa Moldeada </span>99<span class=\"ls0_1\"> </span>99<span class=\"ls0_1\"> </span>- - - - Negocio Renovables-   <span class=\"ls0_1\">Magnon <span class=\"ls9\">2021</span>-<span class=\"ls9\">2025</span> </span>301<span class=\"ls0_1\"> </span>301<span class=\"ls0_1\"> </span>- 37<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>-   <span class=\"ls0_1\">Biometano </span>139<span class=\"ls0_1\"> </span>139<span class=\"ls0_1\"> </span>- - - -   <span class=\"ls0_1\">Calor Industrial </span>45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>- - - - 3.02<span class=\"ls0_1\">1 </span>975<span class=\"ls0_1\"> </span>2.045<span class=\"ls0_1\"> </span>1.123<span class=\"ls0_1\"> </span>162<span class=\"ls0_1\"> </span>961<span class=\"ls0_1\"> </span>Plan de ince<span class=\"_ _6\"></span>ntivo a largo plazo para e<span class=\"_ _6\"></span>l periodo 2023<span class=\"_ _6\"></span>-<span class=\"lse\">2027</span> El <span class=\"_ _6\"></span>5 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>mayo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Junta <span class=\"_ _6\"></span>Gene<span class=\"_ _6\"></span>ral <span class=\"_ _6\"></span>Ordinaria <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>Accionistas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _6\"></span>Domin<span class=\"_ _6\"></span>ante <span class=\"_ _10\"></span><span class=\"ff6\">aprob\u00f3 <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u201cPlan<span class=\"_ _6\"></span> </span>de incentivo<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>largo <span class=\"_ _6\"></span>plazo<span class=\"_ _6\"></span> 202<span class=\"_ _6\"></span>3-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _6\"></span>dirigido a<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>irectivos, <span class=\"_ _6\"></span>incluido <span class=\"_ _6\"></span>el Pr<span class=\"_ _6\"></span>esidente y<span class=\"_ _6\"></span> Cons<span class=\"_ _6\"></span>ejero D<span class=\"_ _6\"></span>elegado d<span class=\"_ _6\"></span>e la Sociedad, y otro<span class=\"_ _6\"></span>s empleados d<span class=\"_ _6\"></span>el Grupo Ence (el \u201cPlan\u201d). <span class=\"_ _6\"></span><span class=\"ff4\"> </span>El Plan tiene un<span class=\"_ _6\"></span>a duraci\u00f3n d<span class=\"_ _6\"></span>e 5 a\u00f1os<span class=\"_ _6\"></span>, esto es, d<span class=\"_ _6\"></span>esde el 1/1/2023 hasta<span class=\"_ _6\"></span> el 31/12/2027<span class=\"_ _6\"></span> y se div<span class=\"_ _6\"></span>id<span class=\"_ _6\"></span>e en 3 ci<span class=\"_ _6\"></span>clos anuales <span class=\"_ _11\"></span>solapados <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>3 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>ellos<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>dependientes <span class=\"_ _0\"></span>entre <span class=\"_ _11\"></span>s\u00ed, <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>idar\u00e1<span class=\"_ _6\"></span>n dentro <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>90 <span class=\"_ _1\"></span>d\u00edas <span class=\"_ _e\"></span>siguientes <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>\u00faltimo <span class=\"_ _e\"></span>a\u00f1o <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cada <span class=\"_ _e\"></span>ciclo<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _e\"></span><span class=\"ls0_1\"> <span class=\"_ _e\"></span>El <span class=\"_ _1\"></span>ciclo <span class=\"_ _e\"></span>I <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Plan <span class=\"_ _e\"></span>representa <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>60% <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _6\"></span> II y III representan u<span class=\"_ _6\"></span>n 20% cada uno<span class=\"_ _6\"></span> del incentivo total.<span class=\"_ _33\"> </span>El <span class=\"_ _6\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>estar\u00e1<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>condicion<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>cumplimie<span class=\"_ _6\"></span>nto <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>determinados <span class=\"_ _15\"></span>objetivos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financieros, <span class=\"_ _15\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _12\"> </span>valo<span class=\"_ _6\"></span>r  para  el <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista,  aprobados  por  el  Consejo  de <span class=\"_ _12\"> </span>Administraci\u00f3n<span class=\"_ _6\"></span>  a propuesta d<span class=\"_ _6\"></span>e la Comisi\u00f3n de Nombra<span class=\"_ _6\"></span>mientos y Retribu<span class=\"_ _6\"></span>ciones<span class=\"_ _6\"></span>.  El incentivo considerado en este Plan consiste en <span class=\"_ _1\"></span>un % de la <span class=\"_ _1\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>ca<span class=\"_ _6\"></span>tegor\u00eda <span class=\"_ _6\"></span>prof<span class=\"_ _6\"></span>esional <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>bene<span class=\"_ _6\"></span>ficiario, <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>liquida <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>70% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un 30% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>efectivo, <span class=\"_ _10\"></span>excepto <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mie<span class=\"_ _6\"></span>mbros <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Comit\u00e9 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Dire<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _15\"></span>cuya <span class=\"_ _10\"></span>liquidaci\u00f3n <span class=\"_ _15\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>100% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones. <span class=\"_ _11\"></span>El Presidente y <span class=\"_ _e\"></span>Con<span class=\"_ _6\"></span>sejero Delegado y <span class=\"_ _e\"></span>el resto <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>miembros del Comit\u00e9 <span class=\"_ _e\"></span>de Direcci\u00f3n asumen <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>eterminados compromisos de mantenim<span class=\"_ _6\"></span>iento d<span class=\"_ _6\"></span>e las acciones recibidas<span class=\"_ _6\"></span>.  El <span class=\"_ _6\"></span>n\u00famero <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acciones <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>entregar <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>determinar\u00e1 <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>referencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de ENCE <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>cotizaci\u00f3n <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>20 <span class=\"_ _6\"></span>d\u00edas <span class=\"_ _6\"></span>anteriores <span class=\"_ _6\"></span>y p<span class=\"_ _6\"></span>osteriores <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e ca<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ciclo. El <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>referencia <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>considerar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>tres <span class=\"_ _0\"></span><span class=\"lsc\">ciclo</span>s <span class=\"_ _10\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>3,24 <span class=\"_ _10\"></span>\u20ac<span class=\"_ _6\"></span>/acci\u00f3n</span>, <span class=\"_ _0\"></span><span class=\"ff6\">2,86 <span class=\"_ _10\"></span>\u20ac/acci\u00f3<span class=\"_ _6\"></span>n, <span class=\"_ _0\"></span></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>3,1 <span class=\"_ _10\"></span><span class=\"ff6\">\u20ac/acci\u00f3n</span><span class=\"ls10\">, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>plan<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>tres <span class=\"_ _10\"></span>ciclos <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span><span class=\"lse\">83</span>, <span class=\"_ _0\"></span><span class=\"lse\">84 <span class=\"_ _0\"></span></span>y <span class=\"_ _0\"></span>84 <span class=\"_ _0\"></span>personas<span class=\"ls20\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _12\"> </span>coste  m\u00e1ximo  previsto  en  su conjunto,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>grado <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>consecuci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>100%<span class=\"_ _15\"></span>, <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>ciende <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>aproximadament<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>18,5 <span class=\"_ _15\"></span>millon<span class=\"ff6\">es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>\u20ac</span> (3,0 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _6\"></span>ectivo y </span>5,1 <span class=\"_ _6\"></span>millones de acciones)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> Otros planes de retribuc<span class=\"_ _6\"></span>i\u00f3n a la<span class=\"_ _6\"></span>rgo plazo <span class=\"_ _6\"></span><span class=\"ls32\">y </span>otros comp<span class=\"_ _6\"></span>romisos El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>aprobado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>tres <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lanes <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incentiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>largo <span class=\"_ _15\"></span>plazo <span class=\"_ _15\"></span>dirigidos <span class=\"_ _15\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _15\"></span>empleados<span class=\"_ _6\"></span> clave ligados a l<span class=\"ls1d\">os</span> <span class=\"_ _1\"></span>negocios Celulosa Moldeada<span class=\"_ _6\"></span>, Biog\u00e1s y Calor Industrial. Los planes tienen una d<span class=\"_ _1\"></span>uraci\u00f3n de<span class=\"_ _33\"> </span>4<span class=\"ls10\">,5</span> <span class=\"_ _11\"></span>a\u00f1os, <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>liquidan <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>efectivo, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>su <span class=\"_ _11\"></span>consecuci\u00f3n <span class=\"_ _11\"></span>est\u00e1 <span class=\"_ _11\"> </span>condicionad<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>al <span class=\"_ _11\"></span>cumplimiento <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>serie <span class=\"_ _11\"></span>de<span class=\"_ _1\"></span> objetivos ligado<span class=\"_ _6\"></span>s al desarrollo de<span class=\"_ _6\"></span> dichos<span class=\"_ _6\"></span> negocios. Adicionalmente, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>ap<span class=\"_ _6\"></span>rob\u00f3 <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>2021 <span class=\"_ _11\"> </span>un<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lan <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>incentivo <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>largo <span class=\"_ _12\"> </span>plazo <span class=\"_ _12\"> </span>dirigido <span class=\"_ _12\"> </span>a  determinados<span class=\"_ _6\"></span> empleados <span class=\"_ _11\"></span>clave <span class=\"_ _0\"></span>ligad<span class=\"_ _6\"></span>os <span class=\"_ _11\"></span>al <span class=\"_ _11\"></span>negocio <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>Renovab<span class=\"_ _6\"></span>les. <span class=\"_ _11\"></span>El <span class=\"_ _0\"></span>plan <span class=\"_ _11\"> </span>tiene <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>5 <span class=\"_ _11\"> </span>a\u00f1os, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>ida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _18\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>as\u00ed <span class=\"_ _1e\"> </span>mismo <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>consecuci\u00f3n <span class=\"_ _1e\"> </span>est\u00e1 <span class=\"_ _1e\"> </span>condicionada <span class=\"_ _1e\"> </span>al <span class=\"_ _18\"> </span>cu<span class=\"_ _6\"></span>mplimiento <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>determinados <span class=\"_ _1e\"> </span>objetivos<span class=\"_ _6\"></span> financieros y n<span class=\"_ _6\"></span>o financieros. De <span class=\"_ _15\"></span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>previsto <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Plan <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>incentivo <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>largo <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>Celulosa, <span class=\"_ _10\"></span>S.A.<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>el periodo <span class=\"_ _6\"></span>2019-2<span class=\"_ _6\"></span>023, <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>julio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rocedido <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>liquidaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Ciclo <span class=\"_ _6\"></span>II <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>citado <span class=\"_ _15\"></span>Plan, <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>ha supuesto la<span class=\"_ _6\"></span> liquidaci\u00f3n, despu\u00e9s de impuestos<span class=\"_ _15\"></span>, <span class=\"ff6\">de 236 miles \u20ac y<span class=\"_ _6\"></span> 95 miles acciones de ENC<span class=\"_ _6\"></span>E.<span class=\"_ _6\"></span></span> El <span class=\"_ _10\"></span>24 <span class=\"_ _15\"></span>de <span class=\"_ _0\"></span>marzo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>20<span class=\"_ _6\"></span>22 <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _0\"></span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>Magnon<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Green <span class=\"_ _10\"></span>Energy, <span class=\"_ _10\"></span>S.L., <span class=\"_ _10\"></span>apro<span class=\"_ _6\"></span>b\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _1\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _1\"></span>iciarios percibir <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _6\"></span>extraordinar<span class=\"_ _6\"></span>ia <span class=\"_ _6\"></span>pagadera <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>met\u00e1lico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vinculada <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>rentabilidad <span class=\"_ _6\"></span>obtenida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>los<span class=\"_ _33\"> </span>accionistas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el 18 d<span class=\"_ _6\"></span>e diciembre de <span class=\"_ _6\"></span>2020 <span class=\"_ _6\"></span>y el <span class=\"_ _6\"></span>18 de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e 2028.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Son <span class=\"_ _6\"></span>requisitos<span class=\"_ _6\"></span> para s<span class=\"_ _6\"></span>u d<span class=\"_ _6\"></span>evengo la <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>secuci\u00f3n  de <span class=\"_ _11\"> </span>una  tasa <span class=\"_ _12\"> </span>interna <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>rentab<span class=\"_ _6\"></span>ilidad <span class=\"_ _12\"> </span>(TIR)  m<span class=\"_ _1\"></span>\u00ednima <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ara  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista <span class=\"_ _12\"> </span>del  10%,  y <span class=\"_ _12\"> </span>que  e<span class=\"_ _1\"></span>l beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la <span class=\"_ _1a\"> </span>fecha  de <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ago,  con  las salvedades h<span class=\"_ _1\"></span>abituales <span class=\"_ _e\"></span>para est<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>incentivos<span class=\"_ _6\"></span>. <span class=\"_ _1\"></span>El <span class=\"_ _e\"></span>colectivo <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>plan <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de 2024<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>lo <span class=\"_ _1\"></span>forman 5 personas<span class=\"_ _6\"></span>, y el <span class=\"_ _6\"></span>coste m\u00e1ximo <span class=\"_ _6\"></span>previsto, <span class=\"_ _6\"></span>considerando <span class=\"_ _6\"></span>un grado d<span class=\"_ _6\"></span>e consecuci\u00f3n <span class=\"_ _6\"></span>del 100%, <span class=\"_ _6\"></span>asciende a <span class=\"_ _6\"></span>4.938 miles \u20ac.<span class=\"_ _33\"> </span>12.<span class=\"ff5 ls0_1\"> <span class=\"_ _26\"> </span><span class=\"ff3\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _e\"></span>de este e<span class=\"_ _1\"></span>p\u00edgrafe del Estado <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e Re<span class=\"_ _1\"></span>sultado consolidado de <span class=\"_ _1\"></span>los ejercicios 2024 <span class=\"_ _1\"></span>y 2023 <span class=\"_ _1\"></span>en los <span class=\"_ _1\"></span>distintos negocios desarrollad<span class=\"_ _6\"></span>os por ENCE es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _6\"></span> 31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Servicios exteriores   <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>147.288 66.894 212.962 Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>8.344 3.288 11.632 Tributos    <span class=\"ls9\">4.808</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">12.601</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">17.409</span>   <span class=\"ls0_1\"> </span>2.993 2.021 5.014 Variaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>provisiones <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>tr\u00e1fico <span class=\"_ _0\"></span>y otros   <span class=\"ls9\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>(511) 126<span class=\"ls0_1\"> </span>(385) Otros gastos no ordinarios de las operaciones   <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>619<span class=\"ls0_1\"> </span>409<span class=\"ls0_1\"> </span>1.028   <span class=\"ls9\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">212.590   <span class=\"ls0_1\"> </span></span>158.733<span class=\"ls0_1\"> </span>72.738<span class=\"ls0_1\"> </span>230.251<span class=\"_ _33\"> </span>(*) <span class=\"_ _27\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>entre <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGru<span class=\"_ _6\"></span>po <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span>negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _15\"></span>Renovable\u201d <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>co<span class=\"_ _6\"></span>rresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _15\"></span>entre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. El <span class=\"_ _e\"></span>Real <span class=\"_ _1\"></span>Decreto <span class=\"_ _1\"></span>8/2023 <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>adoptan me<span class=\"_ _1\"></span>didas <span class=\"_ _1\"></span>para afrontar <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>secuencias <span class=\"_ _1\"></span>econ\u00f3micas y <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>ociales derivadas <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>conflictos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>Ucrania <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>Oriente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _6\"></span>mo, <span class=\"_ _11\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _0\"></span>paliar <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>efectos <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>sequ\u00eda, aprobado el 27 de diciembre, <span class=\"_ _6\"></span>recupera el Impuesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _6\"></span> desd<span class=\"_ _6\"></span>e el 1 de enero de 2024 y d<span class=\"_ _6\"></span>e forma <span class=\"_ _6\"></span>progresiva<span class=\"_ _6\"></span>, quedand<span class=\"_ _6\"></span>o fijado en el <span class=\"_ _6\"></span>definitivo 7<span class=\"_ _6\"></span>% a partir del <span class=\"_ _6\"></span>1 de julio de 202<span class=\"_ _6\"></span>4. El coste asociad<span class=\"_ _6\"></span>o a este impuesto se recoge en e<span class=\"_ _6\"></span>l ep\u00edgrafe \u201cTribu<span class=\"_ _6\"></span>tos\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Servicios exteriore<span class=\"_ _e\"></span>s </span></span>El desglose por <span class=\"_ _6\"></span>conceptos del gasto d<span class=\"_ _6\"></span>e servicios exteriores de los<span class=\"_ _6\"></span> ejercicios 202<span class=\"_ _6\"></span>4 y 2023 <span class=\"_ _6\"></span>es el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo consolidado Negocio Celulosa Negocio Renovables Grupo consolidado Transportes, fletes y costes comerciales   <span class=\"ls0_1\">45.822    </span>  <span class=\"ls0_1\">5.590    </span>  <span class=\"ls0_1\">51.412    </span>62.555 3.262 65.817 Suministros   <span class=\"ls0_1\">15.786    </span>  <span class=\"ls0_1\">3.858    </span>  <span class=\"ls0_1\">19.454    </span>12.177 5.147 17.134 Reparaciones y conservaci\u00f3n   <span class=\"ls0_1\">15.001    </span>  <span class=\"ls0_1\">19.534    </span>  <span class=\"ls0_1\">34.535    </span>16.926 22.225 39.151 Servicios de profesionales independientes   <span class=\"ls0_1\">5.378    </span>  <span class=\"ls0_1\">1.748    </span>  <span class=\"ls0_1\">7.126    </span>5.531 2.152 7.683 Primas de seguros   <span class=\"ls0_1\">4.540    </span>  <span class=\"ls0_1\">3.278    </span>  <span class=\"ls0_1\">7.818    </span>4.931 3.712 8.643 Servicios bancarios y similares   <span class=\"ls0_1\">1.748    </span>  <span class=\"ls0_1\">1.179    </span>  <span class=\"ls0_1\">2.922    </span>2.334 669<span class=\"ls0_1\"> </span>3.003 Arrendamientos y c\u00e1nones (Nota 17)   <span class=\"ls9\">542   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">292   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">834   <span class=\"ls0_1\"> </span></span>678<span class=\"ls0_1\"> </span>264<span class=\"ls0_1\"> </span>942<span class=\"ls0_1\"> </span>Publicidad, propaganda y relaciones p\u00fablicas    <span class=\"ls0_1\">3.741    </span>  <span class=\"ls9\">179   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">3.919    </span>3.812 158<span class=\"ls0_1\"> </span>3.970 Gastos de investigaci\u00f3n y desarrollo   <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span>155<span class=\"ls0_1\"> </span>7 162<span class=\"ls0_1\"> </span>Otros servicios   <span class=\"ls0_1\">26.204    </span>  <span class=\"ls0_1\">26.242    </span>  <span class=\"ls0_1\">51.359    </span>38.189 29.298 66.457   <span class=\"ls9\">118.862   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">61.900   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">179.479   <span class=\"ls0_1\"> </span></span>147.288<span class=\"ls0_1\"> </span>66.894<span class=\"ls0_1\"> </span>212.962<span class=\"ls0_1\"> </span>(*) <span class=\"_ _1e\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>ntre <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGrupo <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span>negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _6\"></span>Renovable\u201d <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>corresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>dichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. ENCE <span class=\"_ _e\"></span>tiene contratado <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>eguro <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>responsabilidad civil <span class=\"_ _a\"></span>que <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>bre <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>todos <span class=\"_ _1\"></span>sus <span class=\"_ _e\"></span>administradores <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>irectivos por <span class=\"_ _6\"></span>da\u00f1<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>ocasion<span class=\"_ _6\"></span>ados <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>actos <span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>omision<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>cargo<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Su <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>sido de <span class=\"ff6\">82 miles \u20ac y <span class=\"_ _6\"></span></span>94 miles <span class=\"ff6\">\u20ac</span>, respectivamente<span class=\"_ _6\"></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span>12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Honorarios de<span class=\"_ _1\"></span> auditor\u00eda </span></span>La firm<span class=\"_ _1\"></span>a que ha <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditado las cuentas de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> sociedades que <span class=\"_ _1\"></span>conforman el Grupo <span class=\"_ _1\"></span>ENCE en 2024 y 2023 ha <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ido KPMG Auditores, S.L. <span class=\"_ _6\"></span>(v\u00e9ase Anexo I)<span class=\"_ _6\"></span>. Durante <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023, <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>hon<span class=\"_ _6\"></span>orarios <span class=\"_ _15\"></span>relativos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ervicios <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>auditor\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>cuentas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span>s servicios prestad<span class=\"_ _6\"></span>os por el auditor o por <span class=\"_ _6\"></span>empresas vinculad<span class=\"_ _6\"></span>as al auditor han s<span class=\"_ _6\"></span>ido los siguientes:<span class=\"_ _15\"></span><span class=\"ff2 fs1\"> </span> Miles \u20ac<span class=\"ff3\"> </span>202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Servicios de auditor\u00eda 220<span class=\"ls0_1\"> </span>235<span class=\"ls0_1\"> </span>Servicios relacionados con la auditor\u00eda 47<span class=\"ls0_1\"> </span>25<span class=\"ls0_1\"> </span>Otros servicios 75<span class=\"ls0_1\"> </span>56<span class=\"_ _33\"> </span>Los servicios prestados por el <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditor en 2024, relacionados con los servicios de a<span class=\"_ _1\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _17\"> </span>revisi\u00f3n <span class=\"_ _17\"> </span>so<span class=\"_ _6\"></span>bre <span class=\"_ _17\"> </span>ratios <span class=\"_ _17\"> </span>fin<span class=\"_ _6\"></span>ancieros <span class=\"_ _17\"> </span>para <span class=\"_ _1c\"> </span>atender <span class=\"_ _1e\"> </span>a <span class=\"_ _1c\"> </span>las <span class=\"_ _17\"> </span>obligaciones <span class=\"_ _17\"> </span>re<span class=\"_ _6\"></span>cogidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>los <span class=\"_ _17\"> </span>contratos<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>de financiaci\u00f3n, <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>de verificaci\u00f3n <span class=\"_ _6\"></span>del s<span class=\"_ _6\"></span>istema de <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>interno <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>informaci\u00f3n finan<span class=\"_ _6\"></span>ciera y <span class=\"_ _6\"></span>servicios de <span class=\"_ _19\"> </span>revis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _19\"> </span>determinadas<span class=\"_ _6\"></span> <span class=\"_ _25\"> </span>magnitu<span class=\"_ _6\"></span>des <span class=\"_ _25\"> </span>financieras <span class=\"_ _19\"> </span>para <span class=\"_ _25\"> </span>acreditar <span class=\"_ _25\"> </span>la <span class=\"_ _25\"> </span>condici\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _25\"> </span>consumidor electrointensivo <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pago <span class=\"_ _6\"></span>lega<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>varias<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u p<span class=\"_ _6\"></span>arte <span class=\"_ _6\"></span>el apartado \u201cOt<span class=\"_ _6\"></span>ros servicios\u201d incluye principa<span class=\"_ _6\"></span>lmente servicios d<span class=\"_ _6\"></span>e verificaci\u00f3n <span class=\"_ _6\"></span><span class=\"ff4\">del Infor<span class=\"_ _6\"></span>me de<span class=\"_ _6\"></span> Sostenibilidad<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span></span>13.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Gastos e ingresos financieros </span></span>El <span class=\"_ _10\"></span>detalle <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>ep\u00edgrafes <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>Consolidado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>como sigue:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Negocio Celulosa Negocio Renovables Total Total Gastos financieros- Bono Convertible                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>(193) - (193) Obligaciones / Notas                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(3.399)    </span>       <span class=\"ls0_1\">(3.399)    </span>- (5.460) (5.460) Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros      <span class=\"ls0_1\">(22.741)    </span>      <span class=\"ls0_1\">(6.926)    </span>     <span class=\"ls0_1\">(29.667)    </span>(16.882) (3.520) (20.402) Actualizaci\u00f3n <span class=\"_ _1e\"> </span>financiera <span class=\"_ _17\"> </span>Vajdm<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>(Nota 29)<span class=\"ls0_1\"> </span>       <span class=\"ls0_1\">(2.053)    </span>      <span class=\"ls0_1\">(4.001)    </span>       <span class=\"ls0_1\">(6.054)    </span>(2.726) (5.598) (8.324) Actualizaci\u00f3n financiera de provisiones           <span class=\"ls0_1\">(969)    </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">(969)    </span>(829) - (829) Comisiones y otros gastos           <span class=\"ls0_1\">(985)    </span>      <span class=\"ls0_1\">(3.544)    </span>       <span class=\"ls0_1\">(4.529)    </span>(1.280) (1.471) (2.751) Resultado financiero intra-negocio   <span class=\"ls0_1\">1.6<span class=\"ls9\">60</span></span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(1.660)    </span>          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>787<span class=\"ls0_1\"> </span>(787) - Derechos <span class=\"_ _a\"></span>de u<span class=\"_ _1\"></span>so <span class=\"_ _e\"></span>sobre <span class=\"_ _e\"></span>activos <span class=\"_ _1\"></span>(Nota <span class=\"_ _e\"></span>17)        <span class=\"ls0_1\">(2.289)    </span>         <span class=\"ls0_1\">(141)    </span>       <span class=\"ls0_1\">(2.433)    </span>(1.958) (81) (2.039)      <span class=\"ls0_1\">(27.377)    </span>    <span class=\"ls0_1\">(19.671)    </span>     <span class=\"ls0_1\">(47.0<span class=\"ls9\">51</span>)    </span>(23.081) (16.917) (39.998) Ingresos financieros- Contraprestaci\u00f3n <span class=\"_ _a\"></span>co<span class=\"_ _6\"></span>ntingente <span class=\"_ _e\"></span>(Nota <span class=\"_ _e\"></span>27)<span class=\"_ _6\"></span>   <span class=\"ls0_1\">1.441    </span>  <span class=\"ls9\">115   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.556    </span>869<span class=\"ls0_1\"> </span>156<span class=\"ls0_1\"> </span>1.025 Otros ingresos financieros   <span class=\"ls0_1\">6.507    </span>  <span class=\"ls0_1\">1.153    </span>  <span class=\"ls0_1\">7.660    </span>4.759 776<span class=\"ls0_1\"> </span>5.535   <span class=\"ls0_1\">7.948    </span>  <span class=\"ls0_1\">1.268    </span>  <span class=\"ls0_1\">9.216    </span>5.628 932<span class=\"ls0_1\"> </span>6.560 Derivados de cobertura-   <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span>  <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245   <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245      <span class=\"ls0_1\">(18.592)    </span>    <span class=\"ls0_1\">(13.827)    </span>     <span class=\"ls0_1\">(32.419)    </span>(17.367) (12.826) (30.193) La cuenta <span class=\"_ _6\"></span><span class=\"ff6\">\u201cOtro<span class=\"_ _6\"></span>s ingres<span class=\"_ _6\"></span>os fina<span class=\"_ _6\"></span>ncieros\u201d <span class=\"_ _6\"></span>recoge <span class=\"_ _6\"></span>principalmen<span class=\"_ _6\"></span>te la <span class=\"_ _6\"></span>remunerac<span class=\"_ _6\"></span>i\u00f3n ob<span class=\"_ _6\"></span>tenida <span class=\"_ _6\"></span>de los<span class=\"_ _6\"></span> exc<span class=\"_ _6\"></span>edentes de<span class=\"_ _6\"></span> </span>tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"_ _10\"></span><span class=\"ff3\">Ap<span class=\"_ _6\"></span>rovisionamientos </span></span>El <span class=\"ff6\">ep\u00edgrafe \u201cAprovision<span class=\"_ _6\"></span>amientos\u201d<span class=\"_ _6\"></span> en los ejercicios 202<span class=\"_ _6\"></span></span>4 y 202<span class=\"_ _6\"></span>3 se desglosa <span class=\"_ _6\"></span>en: 31/12/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Compras   <span class=\"ls0_1\">303.474    </span>  <span class=\"ls0_1\">52.659    </span>  <span class=\"ls0_1\">352.448    </span>  <span class=\"ls0_1\">292.620    </span>  <span class=\"ls0_1\">50.875    </span>  <span class=\"ls0_1\">342.926    </span>Variaci\u00f3n de existencias de materias primas y auxiliares (7.885)             <span class=\"ls0_1\">(456)    </span>       <span class=\"ls0_1\">(8.341)    </span>  <span class=\"ls0_1\">23.574    </span>      <span class=\"ls0_1\">(1.180)    </span>  <span class=\"ls0_1\">22.394    </span>Otros gastos externos   <span class=\"ls0_1\">64.941    </span>  <span class=\"ls0_1\">16.155    </span>  <span class=\"ls0_1\">81.096    </span>  <span class=\"ls0_1\">35.301    </span>  <span class=\"ls0_1\">18.428    </span>  <span class=\"ls0_1\">51.568    </span>360.530 <span class=\"ls0_1\"> </span>68.358 <span class=\"ls0_1\"> </span>425.203 <span class=\"ls0_1\"> </span>351.495 <span class=\"ls0_1\"> </span>68.123 <span class=\"ls0_1\"> </span>416.888 <span class=\"ls0_1\"> </span>(*)  <span class=\"ff6\">La <span class=\"_ _10\"></span>diferencia <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>i<span class=\"_ _6\"></span>nformaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>\u201cGrupo <span class=\"_ _10\"></span>Consolidado\u201d <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>2023<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los </span>negocios <span class=\"_ _15\"></span>\u201cCelulosa\u201d <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>\u201cEnerg\u00eda <span class=\"_ _15\"></span>R<span class=\"_ _6\"></span>enovable\u201d <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>corresponde <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>eliminaciones <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>operaciones <span class=\"_ _10\"></span>efectuadas <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>dichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>3.685 <span class=\"ff6\">miles \u20ac y 2.730 miles \u20ac, respectivamente</span>. En este <span class=\"_ _6\"></span>ep\u00edgrafe se <span class=\"_ _6\"></span>incluyen <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> cos<span class=\"_ _6\"></span>tes de <span class=\"_ _6\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _6\"></span>de madera, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>productos <span class=\"_ _6\"></span>qu\u00edmicos, <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e combustibles  y  de <span class=\"_ _12\"> </span>otros  costes  variables, <span class=\"_ _12\"> </span>as<span class=\"_ _6\"></span>\u00ed  como <span class=\"_ _12\"> </span>costes  asociados  a <span class=\"_ _12\"> </span>serv<span class=\"_ _6\"></span>icios  de <span class=\"_ _12\"> </span>aprov<span class=\"_ _6\"></span>echamiento  y transporte d<span class=\"_ _6\"></span>e madera.<span class=\"_ _33\"> </span>11.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Personal </span></span>Los <span class=\"_ _6\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>personal <span class=\"_ _15\"></span>incurridos <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>distin<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>negocios <span class=\"_ _15\"></span>desarrollados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por ENCE son<span class=\"_ _6\"></span> los siguientes: 31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Sueldos y salarios   <span class=\"ls0_1\">64.468    </span>  <span class=\"ls0_1\">17.160    </span>  <span class=\"ls0_1\">81.628    </span>61.839 15.477 77.316 Seguridad Social   <span class=\"ls0_1\">17.090    </span>  <span class=\"ls0_1\">4.378    </span>  <span class=\"ls0_1\">21.468    </span>16.351 4.019 20.370 Aportaci\u00f3n planes pensiones   <span class=\"ls0_1\">2.362    </span>  <span class=\"ls9\">453   <span class=\"ls0_1\"> </span></span>2.815 2.204 365<span class=\"ls0_1\"> </span>2.569 Otros gastos sociales 1.791 232<span class=\"ls0_1\"> </span>2.023 1.602 201<span class=\"ls0_1\"> </span>1.803 85.711 22.223 107.934 81.996 20.062 102.058 Planes retribuci\u00f3n a largo plazo 2.536   <span class=\"ls9\">485   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">3.021    </span>1.086 37<span class=\"ls0_1\"> </span>1.123 Indemnizaciones   <span class=\"ls0_1\">1.372    </span>771<span class=\"ls0_1\"> </span>2.143 199<span class=\"ls0_1\"> </span>592<span class=\"ls0_1\"> </span>791<span class=\"ls0_1\"> </span>89.619<span class=\"ls0_1\"> </span>23.479<span class=\"ls0_1\"> </span>113.098<span class=\"ls0_1\"> </span>83.281<span class=\"ls0_1\"> </span>20.691<span class=\"ls0_1\"> </span>103.972<span class=\"ls0_1\"> </span>11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Datos de plan<span class=\"_ _1\"></span>tilla </span></span>La <span class=\"_ _6\"></span>plantilla <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2023, <span class=\"_ _6\"></span>detallada <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>profesional <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> sexo, <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la siguiente: N\u00famero Medio de Empleados del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>20<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>74<span class=\"ls0_1\"> </span>Gerentes 71<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>102<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>27<span class=\"ls0_1\"> </span>95<span class=\"ls0_1\"> </span>Responsables de equipo 67<span class=\"ls0_1\"> </span>4 71<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>5 73<span class=\"ls0_1\"> </span>T\u00e9cnicos 221<span class=\"ls0_1\"> </span>150<span class=\"ls0_1\"> </span>371<span class=\"ls0_1\"> </span>216<span class=\"ls0_1\"> </span>147<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>15<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>52<span class=\"ls0_1\"> </span>Operadores 298<span class=\"ls0_1\"> </span>50<span class=\"ls0_1\"> </span>348<span class=\"ls0_1\"> </span>292<span class=\"ls0_1\"> </span>46<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>Apoyo y mejora 45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>90<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 134<span class=\"ls0_1\"> </span>1 135<span class=\"ls0_1\"> </span>133<span class=\"ls0_1\"> </span>2 135<span class=\"ls0_1\"> </span>909<span class=\"ls0_1\"> </span>336<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>896<span class=\"ls0_1\"> </span>326<span class=\"ls0_1\"> </span>1.222<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gs14d\"><div class=\"t_1 m0_1 x1f h8 y764 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y1c9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">As\u00ed <span class=\"_ _1\"></span>mismo <span class=\"_ _e\"></span>la distribuci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>lantilla del <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023, <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>etallada por <span class=\"_ _e\"></span>categor\u00eda </div><div class=\"t_1 m0_1 x1f h8 y765 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">profesional y s<span class=\"_ _6\"></span>exo, es la siguiente:<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x1f h8 y766 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y767 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y768 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y769 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y76a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div>N\u00famero de Empleados al cierre del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>Gerentes 75<span class=\"ls0_1\"> </span>34<span class=\"ls0_1\"> </span>109<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>Responsables de equipo 56<span class=\"ls0_1\"> </span>2 58<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>5 74<span class=\"ls0_1\"> </span>T\u00e9cnicos 217<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>369<span class=\"ls0_1\"> </span>226<span class=\"ls0_1\"> </span>160<span class=\"ls0_1\"> </span>386<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>40<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>Operadores 303<span class=\"ls0_1\"> </span>60<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>299<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>Apoyo y mejora 47<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>82<span class=\"ls0_1\"> </span>49<span class=\"ls0_1\"> </span>43<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 136<span class=\"ls0_1\"> </span>1 137<span class=\"ls0_1\"> </span>130<span class=\"ls0_1\"> </span>1 131<span class=\"ls0_1\"> </span>907<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>916<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>1.262<span class=\"ls0_1\"> </span>Al 31 de diciembre de 2024 y<span class=\"_ _6\"></span> 2023 el n\u00famero de empl<span class=\"_ _6\"></span>eados con u<span class=\"_ _6\"></span>na discapacidad superior al <span class=\"_ _6\"></span>33% es de <span class=\"_ _6\"></span><span class=\"lse\">11</span> y 12 personas<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> Por <span class=\"_ _10\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Administraci\u00f3n <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _10\"></span>conformado <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>13 personas; 8 v<span class=\"_ _6\"></span>arones y 5 mujeres.<span class=\"_ _33\"> </span>11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Plan<span class=\"ls31\">es</span> de retribuc<span class=\"_ _1\"></span>i\u00f3n a largo plazo </span></span>Se <span class=\"_ _11\"> </span>detalla <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>contin<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>n\u00famero <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>beneficiarios <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>31/12/2024 <span class=\"_ _12\"> </span>as\u00ed <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>compromiso <span class=\"_ _12\"> </span>m\u00e1ximo, asumiendo un gra<span class=\"_ _6\"></span>do de cons<span class=\"_ _6\"></span>ecuci\u00f3n del 100%, de los <span class=\"_ _6\"></span>planes<span class=\"_ _6\"></span> de incentivos<span class=\"_ _6\"></span> a largo plazo<span class=\"_ _6\"></span> vigentes: Coste m\u00e1ximo (miles \u20ac)<span class=\"ff3\"> </span>ILP N\u00famero Beneficiarios Efectivo Acciones Total Negocio Celulosa- ILP 2023-<span class=\"ls9\">2027</span> (*) 84<span class=\"ls0_1\"> </span>2.365 12.387 14.751 Celulosa Moldeada 3 828<span class=\"ls0_1\"> </span>- 828<span class=\"ls0_1\"> </span>Negocio Renovables- ILP 2021-<span class=\"ls9\">2025</span> 24<span class=\"ls0_1\"> </span>2.726 - 2.726 Biog\u00e1s 3 894<span class=\"ls0_1\"> </span>- 894<span class=\"ls0_1\"> </span>Calor Industrial 2 557<span class=\"ls0_1\"> </span>- 557<span class=\"ls0_1\"> </span>116<span class=\"ls0_1\"> </span>7.370<span class=\"ls0_1\"> </span>12.387<span class=\"ls0_1\"> </span>19.756<span class=\"ls0_1\"> </span>(*) <span class=\"_ _2\"> </span>Se recogen los compromisos<span class=\"_ _6\"></span> vigentes al 31/12/202<span class=\"_ _6\"></span>4 asociado<span class=\"_ _6\"></span>s a los Ciclos<span class=\"_ _6\"></span> I y II del plan<span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>gasto devengado <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _1\"></span>de 2024 <span class=\"_ _e\"></span>y 2023 <span class=\"_ _e\"></span>corr<span class=\"_ _6\"></span>espond<span class=\"_ _6\"></span>iente <span class=\"_ _e\"></span>a los <span class=\"_ _1\"></span>distintos planes de <span class=\"_ _e\"></span>retr<span class=\"_ _6\"></span>ibuci\u00f3n, detallado consid<span class=\"_ _6\"></span>erando su contra<span class=\"_ _6\"></span>partida<span class=\"_ _6\"></span>, es el siguient<span class=\"_ _6\"></span>e:<span class=\"_ _33\"> </span>31/12/2024 31/12/2023 Miles de euros Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Negocio Celulosa-   <span class=\"ls0_1\">ILP 2019-<span class=\"ls9\">2023</span> </span>- - - (349) (105) (244)   <span class=\"ls0_1\">ILP 2023-<span class=\"ls9\">2027</span> </span>2.437 392<span class=\"ls0_1\"> </span>2.045 1.435 230<span class=\"ls0_1\"> </span>1.205   <span class=\"ls0_1\">Celulosa Moldeada </span>99<span class=\"ls0_1\"> </span>99<span class=\"ls0_1\"> </span>- - - - Negocio Renovables-   <span class=\"ls0_1\">Magnon <span class=\"ls9\">2021</span>-<span class=\"ls9\">2025</span> </span>301<span class=\"ls0_1\"> </span>301<span class=\"ls0_1\"> </span>- 37<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>-   <span class=\"ls0_1\">Biometano </span>139<span class=\"ls0_1\"> </span>139<span class=\"ls0_1\"> </span>- - - -   <span class=\"ls0_1\">Calor Industrial </span>45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>- - - - 3.02<span class=\"ls0_1\">1 </span>975<span class=\"ls0_1\"> </span>2.045<span class=\"ls0_1\"> </span>1.123<span class=\"ls0_1\"> </span>162<span class=\"ls0_1\"> </span>961<span class=\"ls0_1\"> </span>Plan de ince<span class=\"_ _6\"></span>ntivo a largo plazo para e<span class=\"_ _6\"></span>l periodo 2023<span class=\"_ _6\"></span>-<span class=\"lse\">2027</span> El <span class=\"_ _6\"></span>5 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>mayo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Junta <span class=\"_ _6\"></span>Gene<span class=\"_ _6\"></span>ral <span class=\"_ _6\"></span>Ordinaria <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>Accionistas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _6\"></span>Domin<span class=\"_ _6\"></span>ante <span class=\"_ _10\"></span><span class=\"ff6\">aprob\u00f3 <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u201cPlan<span class=\"_ _6\"></span> </span>de incentivo<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>largo <span class=\"_ _6\"></span>plazo<span class=\"_ _6\"></span> 202<span class=\"_ _6\"></span>3-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _6\"></span>dirigido a<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>irectivos, <span class=\"_ _6\"></span>incluido <span class=\"_ _6\"></span>el Pr<span class=\"_ _6\"></span>esidente y<span class=\"_ _6\"></span> Cons<span class=\"_ _6\"></span>ejero D<span class=\"_ _6\"></span>elegado d<span class=\"_ _6\"></span>e la Sociedad, y otro<span class=\"_ _6\"></span>s empleados d<span class=\"_ _6\"></span>el Grupo Ence (el \u201cPlan\u201d). <span class=\"_ _6\"></span><span class=\"ff4\"> </span>El Plan tiene un<span class=\"_ _6\"></span>a duraci\u00f3n d<span class=\"_ _6\"></span>e 5 a\u00f1os<span class=\"_ _6\"></span>, esto es, d<span class=\"_ _6\"></span>esde el 1/1/2023 hasta<span class=\"_ _6\"></span> el 31/12/2027<span class=\"_ _6\"></span> y se div<span class=\"_ _6\"></span>id<span class=\"_ _6\"></span>e en 3 ci<span class=\"_ _6\"></span>clos anuales <span class=\"_ _11\"></span>solapados <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>3 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>ellos<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>dependientes <span class=\"_ _0\"></span>entre <span class=\"_ _11\"></span>s\u00ed, <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>idar\u00e1<span class=\"_ _6\"></span>n dentro <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>90 <span class=\"_ _1\"></span>d\u00edas <span class=\"_ _e\"></span>siguientes <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>\u00faltimo <span class=\"_ _e\"></span>a\u00f1o <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cada <span class=\"_ _e\"></span>ciclo<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _e\"></span><span class=\"ls0_1\"> <span class=\"_ _e\"></span>El <span class=\"_ _1\"></span>ciclo <span class=\"_ _e\"></span>I <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Plan <span class=\"_ _e\"></span>representa <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>60% <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _6\"></span> II y III representan u<span class=\"_ _6\"></span>n 20% cada uno<span class=\"_ _6\"></span> del incentivo total.<span class=\"_ _33\"> </span>El <span class=\"_ _6\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>estar\u00e1<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>condicion<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>cumplimie<span class=\"_ _6\"></span>nto <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>determinados <span class=\"_ _15\"></span>objetivos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financieros, <span class=\"_ _15\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _12\"> </span>valo<span class=\"_ _6\"></span>r  para  el <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista,  aprobados  por  el  Consejo  de <span class=\"_ _12\"> </span>Administraci\u00f3n<span class=\"_ _6\"></span>  a propuesta d<span class=\"_ _6\"></span>e la Comisi\u00f3n de Nombra<span class=\"_ _6\"></span>mientos y Retribu<span class=\"_ _6\"></span>ciones<span class=\"_ _6\"></span>.  El incentivo considerado en este Plan consiste en <span class=\"_ _1\"></span>un % de la <span class=\"_ _1\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>ca<span class=\"_ _6\"></span>tegor\u00eda <span class=\"_ _6\"></span>prof<span class=\"_ _6\"></span>esional <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>bene<span class=\"_ _6\"></span>ficiario, <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>liquida <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>70% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un 30% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>efectivo, <span class=\"_ _10\"></span>excepto <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mie<span class=\"_ _6\"></span>mbros <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Comit\u00e9 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Dire<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _15\"></span>cuya <span class=\"_ _10\"></span>liquidaci\u00f3n <span class=\"_ _15\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>100% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones. <span class=\"_ _11\"></span>El Presidente y <span class=\"_ _e\"></span>Con<span class=\"_ _6\"></span>sejero Delegado y <span class=\"_ _e\"></span>el resto <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>miembros del Comit\u00e9 <span class=\"_ _e\"></span>de Direcci\u00f3n asumen <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>eterminados compromisos de mantenim<span class=\"_ _6\"></span>iento d<span class=\"_ _6\"></span>e las acciones recibidas<span class=\"_ _6\"></span>.  El <span class=\"_ _6\"></span>n\u00famero <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acciones <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>entregar <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>determinar\u00e1 <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>referencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de ENCE <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>cotizaci\u00f3n <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>20 <span class=\"_ _6\"></span>d\u00edas <span class=\"_ _6\"></span>anteriores <span class=\"_ _6\"></span>y p<span class=\"_ _6\"></span>osteriores <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e ca<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ciclo. El <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>referencia <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>considerar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>tres <span class=\"_ _0\"></span><span class=\"lsc\">ciclo</span>s <span class=\"_ _10\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>3,24 <span class=\"_ _10\"></span>\u20ac<span class=\"_ _6\"></span>/acci\u00f3n</span>, <span class=\"_ _0\"></span><span class=\"ff6\">2,86 <span class=\"_ _10\"></span>\u20ac/acci\u00f3<span class=\"_ _6\"></span>n, <span class=\"_ _0\"></span></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>3,1 <span class=\"_ _10\"></span><span class=\"ff6\">\u20ac/acci\u00f3n</span><span class=\"ls10\">, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>plan<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>tres <span class=\"_ _10\"></span>ciclos <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span><span class=\"lse\">83</span>, <span class=\"_ _0\"></span><span class=\"lse\">84 <span class=\"_ _0\"></span></span>y <span class=\"_ _0\"></span>84 <span class=\"_ _0\"></span>personas<span class=\"ls20\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _12\"> </span>coste  m\u00e1ximo  previsto  en  su conjunto,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>grado <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>consecuci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>100%<span class=\"_ _15\"></span>, <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>ciende <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>aproximadament<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>18,5 <span class=\"_ _15\"></span>millon<span class=\"ff6\">es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>\u20ac</span> (3,0 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _6\"></span>ectivo y </span>5,1 <span class=\"_ _6\"></span>millones de acciones)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> Otros planes de retribuc<span class=\"_ _6\"></span>i\u00f3n a la<span class=\"_ _6\"></span>rgo plazo <span class=\"_ _6\"></span><span class=\"ls32\">y </span>otros comp<span class=\"_ _6\"></span>romisos El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>aprobado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>tres <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lanes <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incentiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>largo <span class=\"_ _15\"></span>plazo <span class=\"_ _15\"></span>dirigidos <span class=\"_ _15\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _15\"></span>empleados<span class=\"_ _6\"></span> clave ligados a l<span class=\"ls1d\">os</span> <span class=\"_ _1\"></span>negocios Celulosa Moldeada<span class=\"_ _6\"></span>, Biog\u00e1s y Calor Industrial. Los planes tienen una d<span class=\"_ _1\"></span>uraci\u00f3n de<span class=\"_ _33\"> </span>4<span class=\"ls10\">,5</span> <span class=\"_ _11\"></span>a\u00f1os, <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>liquidan <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>efectivo, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>su <span class=\"_ _11\"></span>consecuci\u00f3n <span class=\"_ _11\"></span>est\u00e1 <span class=\"_ _11\"> </span>condicionad<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>al <span class=\"_ _11\"></span>cumplimiento <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>serie <span class=\"_ _11\"></span>de<span class=\"_ _1\"></span> objetivos ligado<span class=\"_ _6\"></span>s al desarrollo de<span class=\"_ _6\"></span> dichos<span class=\"_ _6\"></span> negocios. Adicionalmente, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>ap<span class=\"_ _6\"></span>rob\u00f3 <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>2021 <span class=\"_ _11\"> </span>un<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lan <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>incentivo <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>largo <span class=\"_ _12\"> </span>plazo <span class=\"_ _12\"> </span>dirigido <span class=\"_ _12\"> </span>a  determinados<span class=\"_ _6\"></span> empleados <span class=\"_ _11\"></span>clave <span class=\"_ _0\"></span>ligad<span class=\"_ _6\"></span>os <span class=\"_ _11\"></span>al <span class=\"_ _11\"></span>negocio <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>Renovab<span class=\"_ _6\"></span>les. <span class=\"_ _11\"></span>El <span class=\"_ _0\"></span>plan <span class=\"_ _11\"> </span>tiene <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>5 <span class=\"_ _11\"> </span>a\u00f1os, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>ida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _18\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>as\u00ed <span class=\"_ _1e\"> </span>mismo <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>consecuci\u00f3n <span class=\"_ _1e\"> </span>est\u00e1 <span class=\"_ _1e\"> </span>condicionada <span class=\"_ _1e\"> </span>al <span class=\"_ _18\"> </span>cu<span class=\"_ _6\"></span>mplimiento <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>determinados <span class=\"_ _1e\"> </span>objetivos<span class=\"_ _6\"></span> financieros y n<span class=\"_ _6\"></span>o financieros. De <span class=\"_ _15\"></span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>previsto <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Plan <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>incentivo <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>largo <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>Celulosa, <span class=\"_ _10\"></span>S.A.<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>el periodo <span class=\"_ _6\"></span>2019-2<span class=\"_ _6\"></span>023, <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>julio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rocedido <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>liquidaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Ciclo <span class=\"_ _6\"></span>II <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>citado <span class=\"_ _15\"></span>Plan, <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>ha supuesto la<span class=\"_ _6\"></span> liquidaci\u00f3n, despu\u00e9s de impuestos<span class=\"_ _15\"></span>, <span class=\"ff6\">de 236 miles \u20ac y<span class=\"_ _6\"></span> 95 miles acciones de ENC<span class=\"_ _6\"></span>E.<span class=\"_ _6\"></span></span> El <span class=\"_ _10\"></span>24 <span class=\"_ _15\"></span>de <span class=\"_ _0\"></span>marzo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>20<span class=\"_ _6\"></span>22 <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _0\"></span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>Magnon<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Green <span class=\"_ _10\"></span>Energy, <span class=\"_ _10\"></span>S.L., <span class=\"_ _10\"></span>apro<span class=\"_ _6\"></span>b\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _1\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _1\"></span>iciarios percibir <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _6\"></span>extraordinar<span class=\"_ _6\"></span>ia <span class=\"_ _6\"></span>pagadera <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>met\u00e1lico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vinculada <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>rentabilidad <span class=\"_ _6\"></span>obtenida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>los<span class=\"_ _33\"> </span>accionistas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el 18 d<span class=\"_ _6\"></span>e diciembre de <span class=\"_ _6\"></span>2020 <span class=\"_ _6\"></span>y el <span class=\"_ _6\"></span>18 de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e 2028.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Son <span class=\"_ _6\"></span>requisitos<span class=\"_ _6\"></span> para s<span class=\"_ _6\"></span>u d<span class=\"_ _6\"></span>evengo la <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>secuci\u00f3n  de <span class=\"_ _11\"> </span>una  tasa <span class=\"_ _12\"> </span>interna <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>rentab<span class=\"_ _6\"></span>ilidad <span class=\"_ _12\"> </span>(TIR)  m<span class=\"_ _1\"></span>\u00ednima <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ara  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista <span class=\"_ _12\"> </span>del  10%,  y <span class=\"_ _12\"> </span>que  e<span class=\"_ _1\"></span>l beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la <span class=\"_ _1a\"> </span>fecha  de <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ago,  con  las salvedades h<span class=\"_ _1\"></span>abituales <span class=\"_ _e\"></span>para est<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>incentivos<span class=\"_ _6\"></span>. <span class=\"_ _1\"></span>El <span class=\"_ _e\"></span>colectivo <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>plan <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de 2024<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>lo <span class=\"_ _1\"></span>forman 5 personas<span class=\"_ _6\"></span>, y el <span class=\"_ _6\"></span>coste m\u00e1ximo <span class=\"_ _6\"></span>previsto, <span class=\"_ _6\"></span>considerando <span class=\"_ _6\"></span>un grado d<span class=\"_ _6\"></span>e consecuci\u00f3n <span class=\"_ _6\"></span>del 100%, <span class=\"_ _6\"></span>asciende a <span class=\"_ _6\"></span>4.938 miles \u20ac.<span class=\"_ _33\"> </span>12.<span class=\"ff5 ls0_1\"> <span class=\"_ _26\"> </span><span class=\"ff3\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _e\"></span>de este e<span class=\"_ _1\"></span>p\u00edgrafe del Estado <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e Re<span class=\"_ _1\"></span>sultado consolidado de <span class=\"_ _1\"></span>los ejercicios 2024 <span class=\"_ _1\"></span>y 2023 <span class=\"_ _1\"></span>en los <span class=\"_ _1\"></span>distintos negocios desarrollad<span class=\"_ _6\"></span>os por ENCE es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _6\"></span> 31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Servicios exteriores   <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>147.288 66.894 212.962 Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>8.344 3.288 11.632 Tributos    <span class=\"ls9\">4.808</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">12.601</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">17.409</span>   <span class=\"ls0_1\"> </span>2.993 2.021 5.014 Variaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>provisiones <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>tr\u00e1fico <span class=\"_ _0\"></span>y otros   <span class=\"ls9\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>(511) 126<span class=\"ls0_1\"> </span>(385) Otros gastos no ordinarios de las operaciones   <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>619<span class=\"ls0_1\"> </span>409<span class=\"ls0_1\"> </span>1.028   <span class=\"ls9\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">212.590   <span class=\"ls0_1\"> </span></span>158.733<span class=\"ls0_1\"> </span>72.738<span class=\"ls0_1\"> </span>230.251<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gs1be\"><div class=\"t_1 m0_1 x3f h1f y2b2 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(*) <span class=\"_ _27\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>entre <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGru<span class=\"_ _6\"></span>po <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span></div><div class=\"t_1 m0_1 x71 h1f y32f ff6 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _15\"></span>Renovable\u201d <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>co<span class=\"_ _6\"></span>rresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _15\"></span>entre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ichos </div><div class=\"t_1 m0_1 x71 h1f y3b5 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. </div><div class=\"t_1 m0_1 x71 h8 y39b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _e\"></span>Real <span class=\"_ _1\"></span>Decreto <span class=\"_ _1\"></span>8/2023 <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>adoptan me<span class=\"_ _1\"></span>didas <span class=\"_ _1\"></span>para afrontar <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>secuencias <span class=\"_ _1\"></span>econ\u00f3micas y <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>ociales </div><div class=\"t_1 m0_1 x71 h8 y121 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">derivadas <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>conflictos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>Ucrania <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>Oriente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _6\"></span>mo, <span class=\"_ _11\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _0\"></span>paliar <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>efectos <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>sequ\u00eda, </div><div class=\"t_1 m0_1 x71 h8 y39c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">aprobado el 27 de diciembre, <span class=\"_ _6\"></span>recupera el Impuesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _6\"></span> desd<span class=\"_ _6\"></span>e el 1 </div><div class=\"t_1 m0_1 x71 h8 y7b3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de enero de 2024 y d<span class=\"_ _6\"></span>e forma <span class=\"_ _6\"></span>progresiva<span class=\"_ _6\"></span>, quedand<span class=\"_ _6\"></span>o fijado en el <span class=\"_ _6\"></span>definitivo 7<span class=\"_ _6\"></span>% a partir del <span class=\"_ _6\"></span>1 de julio de 202<span class=\"_ _6\"></span>4. </div><div class=\"t_1 m0_1 x71 h8 y7b4 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El coste asociad<span class=\"_ _6\"></span>o a este impuesto se recoge en e<span class=\"_ _6\"></span>l ep\u00edgrafe \u201cTribu<span class=\"_ _6\"></span>tos\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x71 h46 y2d5 ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Servicios exteriore<span class=\"_ _e\"></span>s </span></span></div><div class=\"t_1 m0_1 x71 h8 y7b5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El desglose por <span class=\"_ _6\"></span>conceptos del gasto d<span class=\"_ _6\"></span>e servicios exteriores de los<span class=\"_ _6\"></span> ejercicios 202<span class=\"_ _6\"></span>4 y 2023 <span class=\"_ _6\"></span>es el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span> </div></div>31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo consolidado Negocio Celulosa Negocio Renovables Grupo consolidado Transportes, fletes y costes comerciales   <span class=\"ls0_1\">45.822    </span>  <span class=\"ls0_1\">5.590    </span>  <span class=\"ls0_1\">51.412    </span>62.555 3.262 65.817 Suministros   <span class=\"ls0_1\">15.786    </span>  <span class=\"ls0_1\">3.858    </span>  <span class=\"ls0_1\">19.454    </span>12.177 5.147 17.134 Reparaciones y conservaci\u00f3n   <span class=\"ls0_1\">15.001    </span>  <span class=\"ls0_1\">19.534    </span>  <span class=\"ls0_1\">34.535    </span>16.926 22.225 39.151 Servicios de profesionales independientes   <span class=\"ls0_1\">5.378    </span>  <span class=\"ls0_1\">1.748    </span>  <span class=\"ls0_1\">7.126    </span>5.531 2.152 7.683 Primas de seguros   <span class=\"ls0_1\">4.540    </span>  <span class=\"ls0_1\">3.278    </span>  <span class=\"ls0_1\">7.818    </span>4.931 3.712 8.643 Servicios bancarios y similares   <span class=\"ls0_1\">1.748    </span>  <span class=\"ls0_1\">1.179    </span>  <span class=\"ls0_1\">2.922    </span>2.334 669<span class=\"ls0_1\"> </span>3.003 Arrendamientos y c\u00e1nones (Nota 17)   <span class=\"ls9\">542   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">292   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">834   <span class=\"ls0_1\"> </span></span>678<span class=\"ls0_1\"> </span>264<span class=\"ls0_1\"> </span>942<span class=\"ls0_1\"> </span>Publicidad, propaganda y relaciones p\u00fablicas    <span class=\"ls0_1\">3.741    </span>  <span class=\"ls9\">179   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">3.919    </span>3.812 158<span class=\"ls0_1\"> </span>3.970 Gastos de investigaci\u00f3n y desarrollo   <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span>155<span class=\"ls0_1\"> </span>7 162<span class=\"ls0_1\"> </span>Otros servicios   <span class=\"ls0_1\">26.204    </span>  <span class=\"ls0_1\">26.242    </span>  <span class=\"ls0_1\">51.359    </span>38.189 29.298 66.457   <span class=\"ls9\">118.862   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">61.900   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">179.479   <span class=\"ls0_1\"> </span></span>147.288<span class=\"ls0_1\"> </span>66.894<span class=\"ls0_1\"> </span>212.962<span class=\"ls0_1\"> </span>(*) <span class=\"_ _1e\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>ntre <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGrupo <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span>negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _6\"></span>Renovable\u201d <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>corresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>dichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. ENCE <span class=\"_ _e\"></span>tiene contratado <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>eguro <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>responsabilidad civil <span class=\"_ _a\"></span>que <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>bre <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>todos <span class=\"_ _1\"></span>sus <span class=\"_ _e\"></span>administradores <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>irectivos por <span class=\"_ _6\"></span>da\u00f1<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>ocasion<span class=\"_ _6\"></span>ados <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>actos <span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>omision<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>cargo<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Su <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>sido de <span class=\"ff6\">82 miles \u20ac y <span class=\"_ _6\"></span></span>94 miles <span class=\"ff6\">\u20ac</span>, respectivamente<span class=\"_ _6\"></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span>12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Honorarios de<span class=\"_ _1\"></span> auditor\u00eda </span></span>La firm<span class=\"_ _1\"></span>a que ha <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditado las cuentas de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> sociedades que <span class=\"_ _1\"></span>conforman el Grupo <span class=\"_ _1\"></span>ENCE en 2024 y 2023 ha <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ido KPMG Auditores, S.L. <span class=\"_ _6\"></span>(v\u00e9ase Anexo I)<span class=\"_ _6\"></span>. Durante <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023, <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>hon<span class=\"_ _6\"></span>orarios <span class=\"_ _15\"></span>relativos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ervicios <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>auditor\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>cuentas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span>s servicios prestad<span class=\"_ _6\"></span>os por el auditor o por <span class=\"_ _6\"></span>empresas vinculad<span class=\"_ _6\"></span>as al auditor han s<span class=\"_ _6\"></span>ido los siguientes:<span class=\"_ _15\"></span><span class=\"ff2 fs1\"> </span> Miles \u20ac<span class=\"ff3\"> </span>202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Servicios de auditor\u00eda 220<span class=\"ls0_1\"> </span>235<span class=\"ls0_1\"> </span>Servicios relacionados con la auditor\u00eda 47<span class=\"ls0_1\"> </span>25<span class=\"ls0_1\"> </span>Otros servicios 75<span class=\"ls0_1\"> </span>56<span class=\"_ _33\"> </span>Los servicios prestados por el <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditor en 2024, relacionados con los servicios de a<span class=\"_ _1\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _17\"> </span>revisi\u00f3n <span class=\"_ _17\"> </span>so<span class=\"_ _6\"></span>bre <span class=\"_ _17\"> </span>ratios <span class=\"_ _17\"> </span>fin<span class=\"_ _6\"></span>ancieros <span class=\"_ _17\"> </span>para <span class=\"_ _1c\"> </span>atender <span class=\"_ _1e\"> </span>a <span class=\"_ _1c\"> </span>las <span class=\"_ _17\"> </span>obligaciones <span class=\"_ _17\"> </span>re<span class=\"_ _6\"></span>cogidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>los <span class=\"_ _17\"> </span>contratos<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>de financiaci\u00f3n, <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>de verificaci\u00f3n <span class=\"_ _6\"></span>del s<span class=\"_ _6\"></span>istema de <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>interno <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>informaci\u00f3n finan<span class=\"_ _6\"></span>ciera y <span class=\"_ _6\"></span>servicios de <span class=\"_ _19\"> </span>revis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _19\"> </span>determinadas<span class=\"_ _6\"></span> <span class=\"_ _25\"> </span>magnitu<span class=\"_ _6\"></span>des <span class=\"_ _25\"> </span>financieras <span class=\"_ _19\"> </span>para <span class=\"_ _25\"> </span>acreditar <span class=\"_ _25\"> </span>la <span class=\"_ _25\"> </span>condici\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _25\"> </span>consumidor electrointensivo <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pago <span class=\"_ _6\"></span>lega<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>varias<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u p<span class=\"_ _6\"></span>arte <span class=\"_ _6\"></span>el apartado \u201cOt<span class=\"_ _6\"></span>ros servicios\u201d incluye principa<span class=\"_ _6\"></span>lmente servicios d<span class=\"_ _6\"></span>e verificaci\u00f3n <span class=\"_ _6\"></span><span class=\"ff4\">del Infor<span class=\"_ _6\"></span>me de<span class=\"_ _6\"></span> Sostenibilidad<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span></span>13.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Gastos e ingresos financieros </span></span>El <span class=\"_ _10\"></span>detalle <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>ep\u00edgrafes <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>Consolidado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>como sigue:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Negocio Celulosa Negocio Renovables Total Total Gastos financieros- Bono Convertible                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>(193) - (193) Obligaciones / Notas                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(3.399)    </span>       <span class=\"ls0_1\">(3.399)    </span>- (5.460) (5.460) Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros      <span class=\"ls0_1\">(22.741)    </span>      <span class=\"ls0_1\">(6.926)    </span>     <span class=\"ls0_1\">(29.667)    </span>(16.882) (3.520) (20.402) Actualizaci\u00f3n <span class=\"_ _1e\"> </span>financiera <span class=\"_ _17\"> </span>Vajdm<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>(Nota 29)<span class=\"ls0_1\"> </span>       <span class=\"ls0_1\">(2.053)    </span>      <span class=\"ls0_1\">(4.001)    </span>       <span class=\"ls0_1\">(6.054)    </span>(2.726) (5.598) (8.324) Actualizaci\u00f3n financiera de provisiones           <span class=\"ls0_1\">(969)    </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">(969)    </span>(829) - (829) Comisiones y otros gastos           <span class=\"ls0_1\">(985)    </span>      <span class=\"ls0_1\">(3.544)    </span>       <span class=\"ls0_1\">(4.529)    </span>(1.280) (1.471) (2.751) Resultado financiero intra-negocio   <span class=\"ls0_1\">1.6<span class=\"ls9\">60</span></span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(1.660)    </span>          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>787<span class=\"ls0_1\"> </span>(787) - Derechos <span class=\"_ _a\"></span>de u<span class=\"_ _1\"></span>so <span class=\"_ _e\"></span>sobre <span class=\"_ _e\"></span>activos <span class=\"_ _1\"></span>(Nota <span class=\"_ _e\"></span>17)        <span class=\"ls0_1\">(2.289)    </span>         <span class=\"ls0_1\">(141)    </span>       <span class=\"ls0_1\">(2.433)    </span>(1.958) (81) (2.039)      <span class=\"ls0_1\">(27.377)    </span>    <span class=\"ls0_1\">(19.671)    </span>     <span class=\"ls0_1\">(47.0<span class=\"ls9\">51</span>)    </span>(23.081) (16.917) (39.998) Ingresos financieros- Contraprestaci\u00f3n <span class=\"_ _a\"></span>co<span class=\"_ _6\"></span>ntingente <span class=\"_ _e\"></span>(Nota <span class=\"_ _e\"></span>27)<span class=\"_ _6\"></span>   <span class=\"ls0_1\">1.441    </span>  <span class=\"ls9\">115   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.556    </span>869<span class=\"ls0_1\"> </span>156<span class=\"ls0_1\"> </span>1.025 Otros ingresos financieros   <span class=\"ls0_1\">6.507    </span>  <span class=\"ls0_1\">1.153    </span>  <span class=\"ls0_1\">7.660    </span>4.759 776<span class=\"ls0_1\"> </span>5.535   <span class=\"ls0_1\">7.948    </span>  <span class=\"ls0_1\">1.268    </span>  <span class=\"ls0_1\">9.216    </span>5.628 932<span class=\"ls0_1\"> </span>6.560 Derivados de cobertura-   <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span>  <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245   <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245      <span class=\"ls0_1\">(18.592)    </span>    <span class=\"ls0_1\">(13.827)    </span>     <span class=\"ls0_1\">(32.419)    </span>(17.367) (12.826) (30.193) La cuenta <span class=\"_ _6\"></span><span class=\"ff6\">\u201cOtro<span class=\"_ _6\"></span>s ingres<span class=\"_ _6\"></span>os fina<span class=\"_ _6\"></span>ncieros\u201d <span class=\"_ _6\"></span>recoge <span class=\"_ _6\"></span>principalmen<span class=\"_ _6\"></span>te la <span class=\"_ _6\"></span>remunerac<span class=\"_ _6\"></span>i\u00f3n ob<span class=\"_ _6\"></span>tenida <span class=\"_ _6\"></span>de los<span class=\"_ _6\"></span> exc<span class=\"_ _6\"></span>edentes de<span class=\"_ _6\"></span> </span>tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-583": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"_ _10\"></span><span class=\"ff3\">Ap<span class=\"_ _6\"></span>rovisionamientos </span></span>El <span class=\"ff6\">ep\u00edgrafe \u201cAprovision<span class=\"_ _6\"></span>amientos\u201d<span class=\"_ _6\"></span> en los ejercicios 202<span class=\"_ _6\"></span></span>4 y 202<span class=\"_ _6\"></span>3 se desglosa <span class=\"_ _6\"></span>en: 31/12/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Compras   <span class=\"ls0_1\">303.474    </span>  <span class=\"ls0_1\">52.659    </span>  <span class=\"ls0_1\">352.448    </span>  <span class=\"ls0_1\">292.620    </span>  <span class=\"ls0_1\">50.875    </span>  <span class=\"ls0_1\">342.926    </span>Variaci\u00f3n de existencias de materias primas y auxiliares (7.885)             <span class=\"ls0_1\">(456)    </span>       <span class=\"ls0_1\">(8.341)    </span>  <span class=\"ls0_1\">23.574    </span>      <span class=\"ls0_1\">(1.180)    </span>  <span class=\"ls0_1\">22.394    </span>Otros gastos externos   <span class=\"ls0_1\">64.941    </span>  <span class=\"ls0_1\">16.155    </span>  <span class=\"ls0_1\">81.096    </span>  <span class=\"ls0_1\">35.301    </span>  <span class=\"ls0_1\">18.428    </span>  <span class=\"ls0_1\">51.568    </span>360.530 <span class=\"ls0_1\"> </span>68.358 <span class=\"ls0_1\"> </span>425.203 <span class=\"ls0_1\"> </span>351.495 <span class=\"ls0_1\"> </span>68.123 <span class=\"ls0_1\"> </span>416.888 <span class=\"ls0_1\"> </span>(*)  <span class=\"ff6\">La <span class=\"_ _10\"></span>diferencia <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>i<span class=\"_ _6\"></span>nformaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>\u201cGrupo <span class=\"_ _10\"></span>Consolidado\u201d <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>2023<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los </span>negocios <span class=\"_ _15\"></span>\u201cCelulosa\u201d <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>\u201cEnerg\u00eda <span class=\"_ _15\"></span>R<span class=\"_ _6\"></span>enovable\u201d <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>corresponde <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>eliminaciones <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>operaciones <span class=\"_ _10\"></span>efectuadas <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>dichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>3.685 <span class=\"ff6\">miles \u20ac y 2.730 miles \u20ac, respectivamente</span>. En este <span class=\"_ _6\"></span>ep\u00edgrafe se <span class=\"_ _6\"></span>incluyen <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> cos<span class=\"_ _6\"></span>tes de <span class=\"_ _6\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _6\"></span>de madera, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>productos <span class=\"_ _6\"></span>qu\u00edmicos, <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e combustibles  y  de <span class=\"_ _12\"> </span>otros  costes  variables, <span class=\"_ _12\"> </span>as<span class=\"_ _6\"></span>\u00ed  como <span class=\"_ _12\"> </span>costes  asociados  a <span class=\"_ _12\"> </span>serv<span class=\"_ _6\"></span>icios  de <span class=\"_ _12\"> </span>aprov<span class=\"_ _6\"></span>echamiento  y transporte d<span class=\"_ _6\"></span>e madera.<span class=\"_ _33\"> </span>11.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Personal </span></span>Los <span class=\"_ _6\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>personal <span class=\"_ _15\"></span>incurridos <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>distin<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>negocios <span class=\"_ _15\"></span>desarrollados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por ENCE son<span class=\"_ _6\"></span> los siguientes: 31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Sueldos y salarios   <span class=\"ls0_1\">64.468    </span>  <span class=\"ls0_1\">17.160    </span>  <span class=\"ls0_1\">81.628    </span>61.839 15.477 77.316 Seguridad Social   <span class=\"ls0_1\">17.090    </span>  <span class=\"ls0_1\">4.378    </span>  <span class=\"ls0_1\">21.468    </span>16.351 4.019 20.370 Aportaci\u00f3n planes pensiones   <span class=\"ls0_1\">2.362    </span>  <span class=\"ls9\">453   <span class=\"ls0_1\"> </span></span>2.815 2.204 365<span class=\"ls0_1\"> </span>2.569 Otros gastos sociales 1.791 232<span class=\"ls0_1\"> </span>2.023 1.602 201<span class=\"ls0_1\"> </span>1.803 85.711 22.223 107.934 81.996 20.062 102.058 Planes retribuci\u00f3n a largo plazo 2.536   <span class=\"ls9\">485   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">3.021    </span>1.086 37<span class=\"ls0_1\"> </span>1.123 Indemnizaciones   <span class=\"ls0_1\">1.372    </span>771<span class=\"ls0_1\"> </span>2.143 199<span class=\"ls0_1\"> </span>592<span class=\"ls0_1\"> </span>791<span class=\"ls0_1\"> </span>89.619<span class=\"ls0_1\"> </span>23.479<span class=\"ls0_1\"> </span>113.098<span class=\"ls0_1\"> </span>83.281<span class=\"ls0_1\"> </span>20.691<span class=\"ls0_1\"> </span>103.972<span class=\"ls0_1\"> </span>11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Datos de plan<span class=\"_ _1\"></span>tilla </span></span>La <span class=\"_ _6\"></span>plantilla <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2023, <span class=\"_ _6\"></span>detallada <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>profesional <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> sexo, <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la siguiente: N\u00famero Medio de Empleados del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>20<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>74<span class=\"ls0_1\"> </span>Gerentes 71<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>102<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>27<span class=\"ls0_1\"> </span>95<span class=\"ls0_1\"> </span>Responsables de equipo 67<span class=\"ls0_1\"> </span>4 71<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>5 73<span class=\"ls0_1\"> </span>T\u00e9cnicos 221<span class=\"ls0_1\"> </span>150<span class=\"ls0_1\"> </span>371<span class=\"ls0_1\"> </span>216<span class=\"ls0_1\"> </span>147<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>15<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>52<span class=\"ls0_1\"> </span>Operadores 298<span class=\"ls0_1\"> </span>50<span class=\"ls0_1\"> </span>348<span class=\"ls0_1\"> </span>292<span class=\"ls0_1\"> </span>46<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>Apoyo y mejora 45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>90<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 134<span class=\"ls0_1\"> </span>1 135<span class=\"ls0_1\"> </span>133<span class=\"ls0_1\"> </span>2 135<span class=\"ls0_1\"> </span>909<span class=\"ls0_1\"> </span>336<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>896<span class=\"ls0_1\"> </span>326<span class=\"ls0_1\"> </span>1.222<span class=\"_ _33\"> </span>As\u00ed <span class=\"_ _1\"></span>mismo <span class=\"_ _e\"></span>la distribuci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>lantilla del <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023, <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>etallada por <span class=\"_ _e\"></span>categor\u00eda profesional y s<span class=\"_ _6\"></span>exo, es la siguiente:<span class=\"_ _33\"> </span>N\u00famero de Empleados al cierre del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>Gerentes 75<span class=\"ls0_1\"> </span>34<span class=\"ls0_1\"> </span>109<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>Responsables de equipo 56<span class=\"ls0_1\"> </span>2 58<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>5 74<span class=\"ls0_1\"> </span>T\u00e9cnicos 217<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>369<span class=\"ls0_1\"> </span>226<span class=\"ls0_1\"> </span>160<span class=\"ls0_1\"> </span>386<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>40<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>Operadores 303<span class=\"ls0_1\"> </span>60<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>299<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>Apoyo y mejora 47<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>82<span class=\"ls0_1\"> </span>49<span class=\"ls0_1\"> </span>43<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 136<span class=\"ls0_1\"> </span>1 137<span class=\"ls0_1\"> </span>130<span class=\"ls0_1\"> </span>1 131<span class=\"ls0_1\"> </span>907<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>916<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>1.262<span class=\"ls0_1\"> </span>Al 31 de diciembre de 2024 y<span class=\"_ _6\"></span> 2023 el n\u00famero de empl<span class=\"_ _6\"></span>eados con u<span class=\"_ _6\"></span>na discapacidad superior al <span class=\"_ _6\"></span>33% es de <span class=\"_ _6\"></span><span class=\"lse\">11</span> y 12 personas<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> Por <span class=\"_ _10\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Administraci\u00f3n <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _10\"></span>conformado <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>13 personas; 8 v<span class=\"_ _6\"></span>arones y 5 mujeres.<span class=\"_ _33\"> </span>11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Plan<span class=\"ls31\">es</span> de retribuc<span class=\"_ _1\"></span>i\u00f3n a largo plazo </span></span>Se <span class=\"_ _11\"> </span>detalla <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>contin<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>n\u00famero <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>beneficiarios <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>31/12/2024 <span class=\"_ _12\"> </span>as\u00ed <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>compromiso <span class=\"_ _12\"> </span>m\u00e1ximo, asumiendo un gra<span class=\"_ _6\"></span>do de cons<span class=\"_ _6\"></span>ecuci\u00f3n del 100%, de los <span class=\"_ _6\"></span>planes<span class=\"_ _6\"></span> de incentivos<span class=\"_ _6\"></span> a largo plazo<span class=\"_ _6\"></span> vigentes: Coste m\u00e1ximo (miles \u20ac)<span class=\"ff3\"> </span>ILP N\u00famero Beneficiarios Efectivo Acciones Total Negocio Celulosa- ILP 2023-<span class=\"ls9\">2027</span> (*) 84<span class=\"ls0_1\"> </span>2.365 12.387 14.751 Celulosa Moldeada 3 828<span class=\"ls0_1\"> </span>- 828<span class=\"ls0_1\"> </span>Negocio Renovables- ILP 2021-<span class=\"ls9\">2025</span> 24<span class=\"ls0_1\"> </span>2.726 - 2.726 Biog\u00e1s 3 894<span class=\"ls0_1\"> </span>- 894<span class=\"ls0_1\"> </span>Calor Industrial 2 557<span class=\"ls0_1\"> </span>- 557<span class=\"ls0_1\"> </span>116<span class=\"ls0_1\"> </span>7.370<span class=\"ls0_1\"> </span>12.387<span class=\"ls0_1\"> </span>19.756<span class=\"ls0_1\"> </span>(*) <span class=\"_ _2\"> </span>Se recogen los compromisos<span class=\"_ _6\"></span> vigentes al 31/12/202<span class=\"_ _6\"></span>4 asociado<span class=\"_ _6\"></span>s a los Ciclos<span class=\"_ _6\"></span> I y II del plan<span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>gasto devengado <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _1\"></span>de 2024 <span class=\"_ _e\"></span>y 2023 <span class=\"_ _e\"></span>corr<span class=\"_ _6\"></span>espond<span class=\"_ _6\"></span>iente <span class=\"_ _e\"></span>a los <span class=\"_ _1\"></span>distintos planes de <span class=\"_ _e\"></span>retr<span class=\"_ _6\"></span>ibuci\u00f3n, detallado consid<span class=\"_ _6\"></span>erando su contra<span class=\"_ _6\"></span>partida<span class=\"_ _6\"></span>, es el siguient<span class=\"_ _6\"></span>e:<span class=\"_ _33\"> </span>31/12/2024 31/12/2023 Miles de euros Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Negocio Celulosa-   <span class=\"ls0_1\">ILP 2019-<span class=\"ls9\">2023</span> </span>- - - (349) (105) (244)   <span class=\"ls0_1\">ILP 2023-<span class=\"ls9\">2027</span> </span>2.437 392<span class=\"ls0_1\"> </span>2.045 1.435 230<span class=\"ls0_1\"> </span>1.205   <span class=\"ls0_1\">Celulosa Moldeada </span>99<span class=\"ls0_1\"> </span>99<span class=\"ls0_1\"> </span>- - - - Negocio Renovables-   <span class=\"ls0_1\">Magnon <span class=\"ls9\">2021</span>-<span class=\"ls9\">2025</span> </span>301<span class=\"ls0_1\"> </span>301<span class=\"ls0_1\"> </span>- 37<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>-   <span class=\"ls0_1\">Biometano </span>139<span class=\"ls0_1\"> </span>139<span class=\"ls0_1\"> </span>- - - -   <span class=\"ls0_1\">Calor Industrial </span>45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>- - - - 3.02<span class=\"ls0_1\">1 </span>975<span class=\"ls0_1\"> </span>2.045<span class=\"ls0_1\"> </span>1.123<span class=\"ls0_1\"> </span>162<span class=\"ls0_1\"> </span>961<span class=\"ls0_1\"> </span>Plan de ince<span class=\"_ _6\"></span>ntivo a largo plazo para e<span class=\"_ _6\"></span>l periodo 2023<span class=\"_ _6\"></span>-<span class=\"lse\">2027</span> El <span class=\"_ _6\"></span>5 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>mayo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Junta <span class=\"_ _6\"></span>Gene<span class=\"_ _6\"></span>ral <span class=\"_ _6\"></span>Ordinaria <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>Accionistas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _6\"></span>Domin<span class=\"_ _6\"></span>ante <span class=\"_ _10\"></span><span class=\"ff6\">aprob\u00f3 <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u201cPlan<span class=\"_ _6\"></span> </span>de incentivo<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>largo <span class=\"_ _6\"></span>plazo<span class=\"_ _6\"></span> 202<span class=\"_ _6\"></span>3-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _6\"></span>dirigido a<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>irectivos, <span class=\"_ _6\"></span>incluido <span class=\"_ _6\"></span>el Pr<span class=\"_ _6\"></span>esidente y<span class=\"_ _6\"></span> Cons<span class=\"_ _6\"></span>ejero D<span class=\"_ _6\"></span>elegado d<span class=\"_ _6\"></span>e la Sociedad, y otro<span class=\"_ _6\"></span>s empleados d<span class=\"_ _6\"></span>el Grupo Ence (el \u201cPlan\u201d). <span class=\"_ _6\"></span><span class=\"ff4\"> </span>El Plan tiene un<span class=\"_ _6\"></span>a duraci\u00f3n d<span class=\"_ _6\"></span>e 5 a\u00f1os<span class=\"_ _6\"></span>, esto es, d<span class=\"_ _6\"></span>esde el 1/1/2023 hasta<span class=\"_ _6\"></span> el 31/12/2027<span class=\"_ _6\"></span> y se div<span class=\"_ _6\"></span>id<span class=\"_ _6\"></span>e en 3 ci<span class=\"_ _6\"></span>clos anuales <span class=\"_ _11\"></span>solapados <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>3 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>ellos<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>dependientes <span class=\"_ _0\"></span>entre <span class=\"_ _11\"></span>s\u00ed, <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>idar\u00e1<span class=\"_ _6\"></span>n dentro <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>90 <span class=\"_ _1\"></span>d\u00edas <span class=\"_ _e\"></span>siguientes <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>\u00faltimo <span class=\"_ _e\"></span>a\u00f1o <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cada <span class=\"_ _e\"></span>ciclo<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _e\"></span><span class=\"ls0_1\"> <span class=\"_ _e\"></span>El <span class=\"_ _1\"></span>ciclo <span class=\"_ _e\"></span>I <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Plan <span class=\"_ _e\"></span>representa <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>60% <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _6\"></span> II y III representan u<span class=\"_ _6\"></span>n 20% cada uno<span class=\"_ _6\"></span> del incentivo total.<span class=\"_ _33\"> </span>El <span class=\"_ _6\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>estar\u00e1<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>condicion<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>cumplimie<span class=\"_ _6\"></span>nto <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>determinados <span class=\"_ _15\"></span>objetivos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financieros, <span class=\"_ _15\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _12\"> </span>valo<span class=\"_ _6\"></span>r  para  el <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista,  aprobados  por  el  Consejo  de <span class=\"_ _12\"> </span>Administraci\u00f3n<span class=\"_ _6\"></span>  a propuesta d<span class=\"_ _6\"></span>e la Comisi\u00f3n de Nombra<span class=\"_ _6\"></span>mientos y Retribu<span class=\"_ _6\"></span>ciones<span class=\"_ _6\"></span>.  El incentivo considerado en este Plan consiste en <span class=\"_ _1\"></span>un % de la <span class=\"_ _1\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>ca<span class=\"_ _6\"></span>tegor\u00eda <span class=\"_ _6\"></span>prof<span class=\"_ _6\"></span>esional <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>bene<span class=\"_ _6\"></span>ficiario, <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>liquida <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>70% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un 30% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>efectivo, <span class=\"_ _10\"></span>excepto <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mie<span class=\"_ _6\"></span>mbros <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Comit\u00e9 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Dire<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _15\"></span>cuya <span class=\"_ _10\"></span>liquidaci\u00f3n <span class=\"_ _15\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>100% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones. <span class=\"_ _11\"></span>El Presidente y <span class=\"_ _e\"></span>Con<span class=\"_ _6\"></span>sejero Delegado y <span class=\"_ _e\"></span>el resto <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>miembros del Comit\u00e9 <span class=\"_ _e\"></span>de Direcci\u00f3n asumen <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>eterminados compromisos de mantenim<span class=\"_ _6\"></span>iento d<span class=\"_ _6\"></span>e las acciones recibidas<span class=\"_ _6\"></span>.  El <span class=\"_ _6\"></span>n\u00famero <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acciones <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>entregar <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>determinar\u00e1 <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>referencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de ENCE <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>cotizaci\u00f3n <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>20 <span class=\"_ _6\"></span>d\u00edas <span class=\"_ _6\"></span>anteriores <span class=\"_ _6\"></span>y p<span class=\"_ _6\"></span>osteriores <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e ca<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ciclo. El <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>referencia <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>considerar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>tres <span class=\"_ _0\"></span><span class=\"lsc\">ciclo</span>s <span class=\"_ _10\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>3,24 <span class=\"_ _10\"></span>\u20ac<span class=\"_ _6\"></span>/acci\u00f3n</span>, <span class=\"_ _0\"></span><span class=\"ff6\">2,86 <span class=\"_ _10\"></span>\u20ac/acci\u00f3<span class=\"_ _6\"></span>n, <span class=\"_ _0\"></span></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>3,1 <span class=\"_ _10\"></span><span class=\"ff6\">\u20ac/acci\u00f3n</span><span class=\"ls10\">, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>plan<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>tres <span class=\"_ _10\"></span>ciclos <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span><span class=\"lse\">83</span>, <span class=\"_ _0\"></span><span class=\"lse\">84 <span class=\"_ _0\"></span></span>y <span class=\"_ _0\"></span>84 <span class=\"_ _0\"></span>personas<span class=\"ls20\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _12\"> </span>coste  m\u00e1ximo  previsto  en  su conjunto,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>grado <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>consecuci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>100%<span class=\"_ _15\"></span>, <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>ciende <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>aproximadament<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>18,5 <span class=\"_ _15\"></span>millon<span class=\"ff6\">es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>\u20ac</span> (3,0 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _6\"></span>ectivo y </span>5,1 <span class=\"_ _6\"></span>millones de acciones)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> Otros planes de retribuc<span class=\"_ _6\"></span>i\u00f3n a la<span class=\"_ _6\"></span>rgo plazo <span class=\"_ _6\"></span><span class=\"ls32\">y </span>otros comp<span class=\"_ _6\"></span>romisos El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>aprobado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>tres <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lanes <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incentiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>largo <span class=\"_ _15\"></span>plazo <span class=\"_ _15\"></span>dirigidos <span class=\"_ _15\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _15\"></span>empleados<span class=\"_ _6\"></span> clave ligados a l<span class=\"ls1d\">os</span> <span class=\"_ _1\"></span>negocios Celulosa Moldeada<span class=\"_ _6\"></span>, Biog\u00e1s y Calor Industrial. Los planes tienen una d<span class=\"_ _1\"></span>uraci\u00f3n de<span class=\"_ _33\"> </span>4<span class=\"ls10\">,5</span> <span class=\"_ _11\"></span>a\u00f1os, <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>liquidan <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>efectivo, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>su <span class=\"_ _11\"></span>consecuci\u00f3n <span class=\"_ _11\"></span>est\u00e1 <span class=\"_ _11\"> </span>condicionad<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>al <span class=\"_ _11\"></span>cumplimiento <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>serie <span class=\"_ _11\"></span>de<span class=\"_ _1\"></span> objetivos ligado<span class=\"_ _6\"></span>s al desarrollo de<span class=\"_ _6\"></span> dichos<span class=\"_ _6\"></span> negocios. Adicionalmente, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>ap<span class=\"_ _6\"></span>rob\u00f3 <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>2021 <span class=\"_ _11\"> </span>un<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lan <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>incentivo <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>largo <span class=\"_ _12\"> </span>plazo <span class=\"_ _12\"> </span>dirigido <span class=\"_ _12\"> </span>a  determinados<span class=\"_ _6\"></span> empleados <span class=\"_ _11\"></span>clave <span class=\"_ _0\"></span>ligad<span class=\"_ _6\"></span>os <span class=\"_ _11\"></span>al <span class=\"_ _11\"></span>negocio <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>Renovab<span class=\"_ _6\"></span>les. <span class=\"_ _11\"></span>El <span class=\"_ _0\"></span>plan <span class=\"_ _11\"> </span>tiene <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>5 <span class=\"_ _11\"> </span>a\u00f1os, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>ida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _18\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>as\u00ed <span class=\"_ _1e\"> </span>mismo <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>consecuci\u00f3n <span class=\"_ _1e\"> </span>est\u00e1 <span class=\"_ _1e\"> </span>condicionada <span class=\"_ _1e\"> </span>al <span class=\"_ _18\"> </span>cu<span class=\"_ _6\"></span>mplimiento <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>determinados <span class=\"_ _1e\"> </span>objetivos<span class=\"_ _6\"></span> financieros y n<span class=\"_ _6\"></span>o financieros. De <span class=\"_ _15\"></span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>previsto <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Plan <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>incentivo <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>largo <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>Celulosa, <span class=\"_ _10\"></span>S.A.<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>el periodo <span class=\"_ _6\"></span>2019-2<span class=\"_ _6\"></span>023, <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>julio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rocedido <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>liquidaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Ciclo <span class=\"_ _6\"></span>II <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>citado <span class=\"_ _15\"></span>Plan, <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>ha supuesto la<span class=\"_ _6\"></span> liquidaci\u00f3n, despu\u00e9s de impuestos<span class=\"_ _15\"></span>, <span class=\"ff6\">de 236 miles \u20ac y<span class=\"_ _6\"></span> 95 miles acciones de ENC<span class=\"_ _6\"></span>E.<span class=\"_ _6\"></span></span> El <span class=\"_ _10\"></span>24 <span class=\"_ _15\"></span>de <span class=\"_ _0\"></span>marzo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>20<span class=\"_ _6\"></span>22 <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _0\"></span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>Magnon<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Green <span class=\"_ _10\"></span>Energy, <span class=\"_ _10\"></span>S.L., <span class=\"_ _10\"></span>apro<span class=\"_ _6\"></span>b\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _1\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _1\"></span>iciarios percibir <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _6\"></span>extraordinar<span class=\"_ _6\"></span>ia <span class=\"_ _6\"></span>pagadera <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>met\u00e1lico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vinculada <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>rentabilidad <span class=\"_ _6\"></span>obtenida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>los<span class=\"_ _33\"> </span>accionistas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el 18 d<span class=\"_ _6\"></span>e diciembre de <span class=\"_ _6\"></span>2020 <span class=\"_ _6\"></span>y el <span class=\"_ _6\"></span>18 de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e 2028.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Son <span class=\"_ _6\"></span>requisitos<span class=\"_ _6\"></span> para s<span class=\"_ _6\"></span>u d<span class=\"_ _6\"></span>evengo la <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>secuci\u00f3n  de <span class=\"_ _11\"> </span>una  tasa <span class=\"_ _12\"> </span>interna <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>rentab<span class=\"_ _6\"></span>ilidad <span class=\"_ _12\"> </span>(TIR)  m<span class=\"_ _1\"></span>\u00ednima <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ara  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista <span class=\"_ _12\"> </span>del  10%,  y <span class=\"_ _12\"> </span>que  e<span class=\"_ _1\"></span>l beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la <span class=\"_ _1a\"> </span>fecha  de <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ago,  con  las salvedades h<span class=\"_ _1\"></span>abituales <span class=\"_ _e\"></span>para est<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>incentivos<span class=\"_ _6\"></span>. <span class=\"_ _1\"></span>El <span class=\"_ _e\"></span>colectivo <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>plan <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de 2024<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>lo <span class=\"_ _1\"></span>forman 5 personas<span class=\"_ _6\"></span>, y el <span class=\"_ _6\"></span>coste m\u00e1ximo <span class=\"_ _6\"></span>previsto, <span class=\"_ _6\"></span>considerando <span class=\"_ _6\"></span>un grado d<span class=\"_ _6\"></span>e consecuci\u00f3n <span class=\"_ _6\"></span>del 100%, <span class=\"_ _6\"></span>asciende a <span class=\"_ _6\"></span>4.938 miles \u20ac.<span class=\"_ _33\"> </span>12.<span class=\"ff5 ls0_1\"> <span class=\"_ _26\"> </span><span class=\"ff3\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _e\"></span>de este e<span class=\"_ _1\"></span>p\u00edgrafe del Estado <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e Re<span class=\"_ _1\"></span>sultado consolidado de <span class=\"_ _1\"></span>los ejercicios 2024 <span class=\"_ _1\"></span>y 2023 <span class=\"_ _1\"></span>en los <span class=\"_ _1\"></span>distintos negocios desarrollad<span class=\"_ _6\"></span>os por ENCE es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _6\"></span> 31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Servicios exteriores   <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>147.288 66.894 212.962 Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>8.344 3.288 11.632 Tributos    <span class=\"ls9\">4.808</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">12.601</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">17.409</span>   <span class=\"ls0_1\"> </span>2.993 2.021 5.014 Variaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>provisiones <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>tr\u00e1fico <span class=\"_ _0\"></span>y otros   <span class=\"ls9\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>(511) 126<span class=\"ls0_1\"> </span>(385) Otros gastos no ordinarios de las operaciones   <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>619<span class=\"ls0_1\"> </span>409<span class=\"ls0_1\"> </span>1.028   <span class=\"ls9\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">212.590   <span class=\"ls0_1\"> </span></span>158.733<span class=\"ls0_1\"> </span>72.738<span class=\"ls0_1\"> </span>230.251<span class=\"_ _33\"> </span>(*) <span class=\"_ _27\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>entre <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGru<span class=\"_ _6\"></span>po <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span>negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _15\"></span>Renovable\u201d <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>co<span class=\"_ _6\"></span>rresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _15\"></span>entre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. El <span class=\"_ _e\"></span>Real <span class=\"_ _1\"></span>Decreto <span class=\"_ _1\"></span>8/2023 <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>adoptan me<span class=\"_ _1\"></span>didas <span class=\"_ _1\"></span>para afrontar <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>secuencias <span class=\"_ _1\"></span>econ\u00f3micas y <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>ociales derivadas <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>conflictos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>Ucrania <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>Oriente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _6\"></span>mo, <span class=\"_ _11\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _0\"></span>paliar <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>efectos <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>sequ\u00eda, aprobado el 27 de diciembre, <span class=\"_ _6\"></span>recupera el Impuesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _6\"></span> desd<span class=\"_ _6\"></span>e el 1 de enero de 2024 y d<span class=\"_ _6\"></span>e forma <span class=\"_ _6\"></span>progresiva<span class=\"_ _6\"></span>, quedand<span class=\"_ _6\"></span>o fijado en el <span class=\"_ _6\"></span>definitivo 7<span class=\"_ _6\"></span>% a partir del <span class=\"_ _6\"></span>1 de julio de 202<span class=\"_ _6\"></span>4. El coste asociad<span class=\"_ _6\"></span>o a este impuesto se recoge en e<span class=\"_ _6\"></span>l ep\u00edgrafe \u201cTribu<span class=\"_ _6\"></span>tos\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Servicios exteriore<span class=\"_ _e\"></span>s </span></span>El desglose por <span class=\"_ _6\"></span>conceptos del gasto d<span class=\"_ _6\"></span>e servicios exteriores de los<span class=\"_ _6\"></span> ejercicios 202<span class=\"_ _6\"></span>4 y 2023 <span class=\"_ _6\"></span>es el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo consolidado Negocio Celulosa Negocio Renovables Grupo consolidado Transportes, fletes y costes comerciales   <span class=\"ls0_1\">45.822    </span>  <span class=\"ls0_1\">5.590    </span>  <span class=\"ls0_1\">51.412    </span>62.555 3.262 65.817 Suministros   <span class=\"ls0_1\">15.786    </span>  <span class=\"ls0_1\">3.858    </span>  <span class=\"ls0_1\">19.454    </span>12.177 5.147 17.134 Reparaciones y conservaci\u00f3n   <span class=\"ls0_1\">15.001    </span>  <span class=\"ls0_1\">19.534    </span>  <span class=\"ls0_1\">34.535    </span>16.926 22.225 39.151 Servicios de profesionales independientes   <span class=\"ls0_1\">5.378    </span>  <span class=\"ls0_1\">1.748    </span>  <span class=\"ls0_1\">7.126    </span>5.531 2.152 7.683 Primas de seguros   <span class=\"ls0_1\">4.540    </span>  <span class=\"ls0_1\">3.278    </span>  <span class=\"ls0_1\">7.818    </span>4.931 3.712 8.643 Servicios bancarios y similares   <span class=\"ls0_1\">1.748    </span>  <span class=\"ls0_1\">1.179    </span>  <span class=\"ls0_1\">2.922    </span>2.334 669<span class=\"ls0_1\"> </span>3.003 Arrendamientos y c\u00e1nones (Nota 17)   <span class=\"ls9\">542   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">292   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">834   <span class=\"ls0_1\"> </span></span>678<span class=\"ls0_1\"> </span>264<span class=\"ls0_1\"> </span>942<span class=\"ls0_1\"> </span>Publicidad, propaganda y relaciones p\u00fablicas    <span class=\"ls0_1\">3.741    </span>  <span class=\"ls9\">179   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">3.919    </span>3.812 158<span class=\"ls0_1\"> </span>3.970 Gastos de investigaci\u00f3n y desarrollo   <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span>155<span class=\"ls0_1\"> </span>7 162<span class=\"ls0_1\"> </span>Otros servicios   <span class=\"ls0_1\">26.204    </span>  <span class=\"ls0_1\">26.242    </span>  <span class=\"ls0_1\">51.359    </span>38.189 29.298 66.457   <span class=\"ls9\">118.862   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">61.900   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">179.479   <span class=\"ls0_1\"> </span></span>147.288<span class=\"ls0_1\"> </span>66.894<span class=\"ls0_1\"> </span>212.962<span class=\"ls0_1\"> </span>(*) <span class=\"_ _1e\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>ntre <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGrupo <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span>negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _6\"></span>Renovable\u201d <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>corresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>dichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. ENCE <span class=\"_ _e\"></span>tiene contratado <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>eguro <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>responsabilidad civil <span class=\"_ _a\"></span>que <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>bre <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>todos <span class=\"_ _1\"></span>sus <span class=\"_ _e\"></span>administradores <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>irectivos por <span class=\"_ _6\"></span>da\u00f1<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>ocasion<span class=\"_ _6\"></span>ados <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>actos <span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>omision<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>cargo<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Su <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>sido de <span class=\"ff6\">82 miles \u20ac y <span class=\"_ _6\"></span></span>94 miles <span class=\"ff6\">\u20ac</span>, respectivamente<span class=\"_ _6\"></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span>12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Honorarios de<span class=\"_ _1\"></span> auditor\u00eda </span></span>La firm<span class=\"_ _1\"></span>a que ha <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditado las cuentas de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> sociedades que <span class=\"_ _1\"></span>conforman el Grupo <span class=\"_ _1\"></span>ENCE en 2024 y 2023 ha <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ido KPMG Auditores, S.L. <span class=\"_ _6\"></span>(v\u00e9ase Anexo I)<span class=\"_ _6\"></span>. Durante <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023, <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>hon<span class=\"_ _6\"></span>orarios <span class=\"_ _15\"></span>relativos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ervicios <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>auditor\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>cuentas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span>s servicios prestad<span class=\"_ _6\"></span>os por el auditor o por <span class=\"_ _6\"></span>empresas vinculad<span class=\"_ _6\"></span>as al auditor han s<span class=\"_ _6\"></span>ido los siguientes:<span class=\"_ _15\"></span><span class=\"ff2 fs1\"> </span> Miles \u20ac<span class=\"ff3\"> </span>202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Servicios de auditor\u00eda 220<span class=\"ls0_1\"> </span>235<span class=\"ls0_1\"> </span>Servicios relacionados con la auditor\u00eda 47<span class=\"ls0_1\"> </span>25<span class=\"ls0_1\"> </span>Otros servicios 75<span class=\"ls0_1\"> </span>56<span class=\"_ _33\"> </span>Los servicios prestados por el <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditor en 2024, relacionados con los servicios de a<span class=\"_ _1\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _17\"> </span>revisi\u00f3n <span class=\"_ _17\"> </span>so<span class=\"_ _6\"></span>bre <span class=\"_ _17\"> </span>ratios <span class=\"_ _17\"> </span>fin<span class=\"_ _6\"></span>ancieros <span class=\"_ _17\"> </span>para <span class=\"_ _1c\"> </span>atender <span class=\"_ _1e\"> </span>a <span class=\"_ _1c\"> </span>las <span class=\"_ _17\"> </span>obligaciones <span class=\"_ _17\"> </span>re<span class=\"_ _6\"></span>cogidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>los <span class=\"_ _17\"> </span>contratos<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>de financiaci\u00f3n, <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>de verificaci\u00f3n <span class=\"_ _6\"></span>del s<span class=\"_ _6\"></span>istema de <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>interno <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>informaci\u00f3n finan<span class=\"_ _6\"></span>ciera y <span class=\"_ _6\"></span>servicios de <span class=\"_ _19\"> </span>revis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _19\"> </span>determinadas<span class=\"_ _6\"></span> <span class=\"_ _25\"> </span>magnitu<span class=\"_ _6\"></span>des <span class=\"_ _25\"> </span>financieras <span class=\"_ _19\"> </span>para <span class=\"_ _25\"> </span>acreditar <span class=\"_ _25\"> </span>la <span class=\"_ _25\"> </span>condici\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _25\"> </span>consumidor electrointensivo <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pago <span class=\"_ _6\"></span>lega<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>varias<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u p<span class=\"_ _6\"></span>arte <span class=\"_ _6\"></span>el apartado \u201cOt<span class=\"_ _6\"></span>ros servicios\u201d incluye principa<span class=\"_ _6\"></span>lmente servicios d<span class=\"_ _6\"></span>e verificaci\u00f3n <span class=\"_ _6\"></span><span class=\"ff4\">del Infor<span class=\"_ _6\"></span>me de<span class=\"_ _6\"></span> Sostenibilidad<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span></span>13.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Gastos e ingresos financieros </span></span>El <span class=\"_ _10\"></span>detalle <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>ep\u00edgrafes <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>Consolidado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>como sigue:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Negocio Celulosa Negocio Renovables Total Total Gastos financieros- Bono Convertible                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>(193) - (193) Obligaciones / Notas                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(3.399)    </span>       <span class=\"ls0_1\">(3.399)    </span>- (5.460) (5.460) Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros      <span class=\"ls0_1\">(22.741)    </span>      <span class=\"ls0_1\">(6.926)    </span>     <span class=\"ls0_1\">(29.667)    </span>(16.882) (3.520) (20.402) Actualizaci\u00f3n <span class=\"_ _1e\"> </span>financiera <span class=\"_ _17\"> </span>Vajdm<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>(Nota 29)<span class=\"ls0_1\"> </span>       <span class=\"ls0_1\">(2.053)    </span>      <span class=\"ls0_1\">(4.001)    </span>       <span class=\"ls0_1\">(6.054)    </span>(2.726) (5.598) (8.324) Actualizaci\u00f3n financiera de provisiones           <span class=\"ls0_1\">(969)    </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">(969)    </span>(829) - (829) Comisiones y otros gastos           <span class=\"ls0_1\">(985)    </span>      <span class=\"ls0_1\">(3.544)    </span>       <span class=\"ls0_1\">(4.529)    </span>(1.280) (1.471) (2.751) Resultado financiero intra-negocio   <span class=\"ls0_1\">1.6<span class=\"ls9\">60</span></span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(1.660)    </span>          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>787<span class=\"ls0_1\"> </span>(787) - Derechos <span class=\"_ _a\"></span>de u<span class=\"_ _1\"></span>so <span class=\"_ _e\"></span>sobre <span class=\"_ _e\"></span>activos <span class=\"_ _1\"></span>(Nota <span class=\"_ _e\"></span>17)        <span class=\"ls0_1\">(2.289)    </span>         <span class=\"ls0_1\">(141)    </span>       <span class=\"ls0_1\">(2.433)    </span>(1.958) (81) (2.039)      <span class=\"ls0_1\">(27.377)    </span>    <span class=\"ls0_1\">(19.671)    </span>     <span class=\"ls0_1\">(47.0<span class=\"ls9\">51</span>)    </span>(23.081) (16.917) (39.998) Ingresos financieros- Contraprestaci\u00f3n <span class=\"_ _a\"></span>co<span class=\"_ _6\"></span>ntingente <span class=\"_ _e\"></span>(Nota <span class=\"_ _e\"></span>27)<span class=\"_ _6\"></span>   <span class=\"ls0_1\">1.441    </span>  <span class=\"ls9\">115   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.556    </span>869<span class=\"ls0_1\"> </span>156<span class=\"ls0_1\"> </span>1.025 Otros ingresos financieros   <span class=\"ls0_1\">6.507    </span>  <span class=\"ls0_1\">1.153    </span>  <span class=\"ls0_1\">7.660    </span>4.759 776<span class=\"ls0_1\"> </span>5.535   <span class=\"ls0_1\">7.948    </span>  <span class=\"ls0_1\">1.268    </span>  <span class=\"ls0_1\">9.216    </span>5.628 932<span class=\"ls0_1\"> </span>6.560 Derivados de cobertura-   <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span>  <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245   <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245      <span class=\"ls0_1\">(18.592)    </span>    <span class=\"ls0_1\">(13.827)    </span>     <span class=\"ls0_1\">(32.419)    </span>(17.367) (12.826) (30.193) La cuenta <span class=\"_ _6\"></span><span class=\"ff6\">\u201cOtro<span class=\"_ _6\"></span>s ingres<span class=\"_ _6\"></span>os fina<span class=\"_ _6\"></span>ncieros\u201d <span class=\"_ _6\"></span>recoge <span class=\"_ _6\"></span>principalmen<span class=\"_ _6\"></span>te la <span class=\"_ _6\"></span>remunerac<span class=\"_ _6\"></span>i\u00f3n ob<span class=\"_ _6\"></span>tenida <span class=\"_ _6\"></span>de los<span class=\"_ _6\"></span> exc<span class=\"_ _6\"></span>edentes de<span class=\"_ _6\"></span> </span>tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"_ _10\"></span><span class=\"ff3\">Ap<span class=\"_ _6\"></span>rovisionamientos </span></span>El <span class=\"ff6\">ep\u00edgrafe \u201cAprovision<span class=\"_ _6\"></span>amientos\u201d<span class=\"_ _6\"></span> en los ejercicios 202<span class=\"_ _6\"></span></span>4 y 202<span class=\"_ _6\"></span>3 se desglosa <span class=\"_ _6\"></span>en: 31/12/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Compras   <span class=\"ls0_1\">303.474    </span>  <span class=\"ls0_1\">52.659    </span>  <span class=\"ls0_1\">352.448    </span>  <span class=\"ls0_1\">292.620    </span>  <span class=\"ls0_1\">50.875    </span>  <span class=\"ls0_1\">342.926    </span>Variaci\u00f3n de existencias de materias primas y auxiliares (7.885)             <span class=\"ls0_1\">(456)    </span>       <span class=\"ls0_1\">(8.341)    </span>  <span class=\"ls0_1\">23.574    </span>      <span class=\"ls0_1\">(1.180)    </span>  <span class=\"ls0_1\">22.394    </span>Otros gastos externos   <span class=\"ls0_1\">64.941    </span>  <span class=\"ls0_1\">16.155    </span>  <span class=\"ls0_1\">81.096    </span>  <span class=\"ls0_1\">35.301    </span>  <span class=\"ls0_1\">18.428    </span>  <span class=\"ls0_1\">51.568    </span>360.530 <span class=\"ls0_1\"> </span>68.358 <span class=\"ls0_1\"> </span>425.203 <span class=\"ls0_1\"> </span>351.495 <span class=\"ls0_1\"> </span>68.123 <span class=\"ls0_1\"> </span>416.888 <span class=\"ls0_1\"> </span>(*)  <span class=\"ff6\">La <span class=\"_ _10\"></span>diferencia <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>i<span class=\"_ _6\"></span>nformaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>\u201cGrupo <span class=\"_ _10\"></span>Consolidado\u201d <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>2023<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los </span>negocios <span class=\"_ _15\"></span>\u201cCelulosa\u201d <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>\u201cEnerg\u00eda <span class=\"_ _15\"></span>R<span class=\"_ _6\"></span>enovable\u201d <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>corresponde <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>eliminaciones <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>operaciones <span class=\"_ _10\"></span>efectuadas <span class=\"_ _10\"></span>entre <span class=\"_ _10\"></span>dichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>3.685 <span class=\"ff6\">miles \u20ac y 2.730 miles \u20ac, respectivamente</span>. En este <span class=\"_ _6\"></span>ep\u00edgrafe se <span class=\"_ _6\"></span>incluyen <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> cos<span class=\"_ _6\"></span>tes de <span class=\"_ _6\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _6\"></span>de madera, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>productos <span class=\"_ _6\"></span>qu\u00edmicos, <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e combustibles  y  de <span class=\"_ _12\"> </span>otros  costes  variables, <span class=\"_ _12\"> </span>as<span class=\"_ _6\"></span>\u00ed  como <span class=\"_ _12\"> </span>costes  asociados  a <span class=\"_ _12\"> </span>serv<span class=\"_ _6\"></span>icios  de <span class=\"_ _12\"> </span>aprov<span class=\"_ _6\"></span>echamiento  y transporte d<span class=\"_ _6\"></span>e madera.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "11.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Personal </span></span>Los <span class=\"_ _6\"></span>gas<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>personal <span class=\"_ _15\"></span>incurridos <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>distin<span class=\"_ _6\"></span>tos <span class=\"_ _6\"></span>negocios <span class=\"_ _15\"></span>desarrollados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>por ENCE son<span class=\"_ _6\"></span> los siguientes: 31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Sueldos y salarios   <span class=\"ls0_1\">64.468    </span>  <span class=\"ls0_1\">17.160    </span>  <span class=\"ls0_1\">81.628    </span>61.839 15.477 77.316 Seguridad Social   <span class=\"ls0_1\">17.090    </span>  <span class=\"ls0_1\">4.378    </span>  <span class=\"ls0_1\">21.468    </span>16.351 4.019 20.370 Aportaci\u00f3n planes pensiones   <span class=\"ls0_1\">2.362    </span>  <span class=\"ls9\">453   <span class=\"ls0_1\"> </span></span>2.815 2.204 365<span class=\"ls0_1\"> </span>2.569 Otros gastos sociales 1.791 232<span class=\"ls0_1\"> </span>2.023 1.602 201<span class=\"ls0_1\"> </span>1.803 85.711 22.223 107.934 81.996 20.062 102.058 Planes retribuci\u00f3n a largo plazo 2.536   <span class=\"ls9\">485   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">3.021    </span>1.086 37<span class=\"ls0_1\"> </span>1.123 Indemnizaciones   <span class=\"ls0_1\">1.372    </span>771<span class=\"ls0_1\"> </span>2.143 199<span class=\"ls0_1\"> </span>592<span class=\"ls0_1\"> </span>791<span class=\"ls0_1\"> </span>89.619<span class=\"ls0_1\"> </span>23.479<span class=\"ls0_1\"> </span>113.098<span class=\"ls0_1\"> </span>83.281<span class=\"ls0_1\"> </span>20.691<span class=\"ls0_1\"> </span>103.972<span class=\"ls0_1\"> </span>11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Datos de plan<span class=\"_ _1\"></span>tilla </span></span>La <span class=\"_ _6\"></span>plantilla <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2023, <span class=\"_ _6\"></span>detallada <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>profesional <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> sexo, <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la siguiente: N\u00famero Medio de Empleados del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>20<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>74<span class=\"ls0_1\"> </span>Gerentes 71<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>102<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>27<span class=\"ls0_1\"> </span>95<span class=\"ls0_1\"> </span>Responsables de equipo 67<span class=\"ls0_1\"> </span>4 71<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>5 73<span class=\"ls0_1\"> </span>T\u00e9cnicos 221<span class=\"ls0_1\"> </span>150<span class=\"ls0_1\"> </span>371<span class=\"ls0_1\"> </span>216<span class=\"ls0_1\"> </span>147<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>15<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>52<span class=\"ls0_1\"> </span>Operadores 298<span class=\"ls0_1\"> </span>50<span class=\"ls0_1\"> </span>348<span class=\"ls0_1\"> </span>292<span class=\"ls0_1\"> </span>46<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>Apoyo y mejora 45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>90<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 134<span class=\"ls0_1\"> </span>1 135<span class=\"ls0_1\"> </span>133<span class=\"ls0_1\"> </span>2 135<span class=\"ls0_1\"> </span>909<span class=\"ls0_1\"> </span>336<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>896<span class=\"ls0_1\"> </span>326<span class=\"ls0_1\"> </span>1.222<span class=\"_ _33\"> </span>As\u00ed <span class=\"_ _1\"></span>mismo <span class=\"_ _e\"></span>la distribuci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>lantilla del <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023, <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>etallada por <span class=\"_ _e\"></span>categor\u00eda profesional y s<span class=\"_ _6\"></span>exo, es la siguiente:<span class=\"_ _33\"> </span>N\u00famero de Empleados al cierre del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>Gerentes 75<span class=\"ls0_1\"> </span>34<span class=\"ls0_1\"> </span>109<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>Responsables de equipo 56<span class=\"ls0_1\"> </span>2 58<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>5 74<span class=\"ls0_1\"> </span>T\u00e9cnicos 217<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>369<span class=\"ls0_1\"> </span>226<span class=\"ls0_1\"> </span>160<span class=\"ls0_1\"> </span>386<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>40<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>Operadores 303<span class=\"ls0_1\"> </span>60<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>299<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>Apoyo y mejora 47<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>82<span class=\"ls0_1\"> </span>49<span class=\"ls0_1\"> </span>43<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 136<span class=\"ls0_1\"> </span>1 137<span class=\"ls0_1\"> </span>130<span class=\"ls0_1\"> </span>1 131<span class=\"ls0_1\"> </span>907<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>916<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>1.262<span class=\"ls0_1\"> </span>Al 31 de diciembre de 2024 y<span class=\"_ _6\"></span> 2023 el n\u00famero de empl<span class=\"_ _6\"></span>eados con u<span class=\"_ _6\"></span>na discapacidad superior al <span class=\"_ _6\"></span>33% es de <span class=\"_ _6\"></span><span class=\"lse\">11</span> y 12 personas<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> Por <span class=\"_ _10\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Administraci\u00f3n <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _10\"></span>conformado <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>13 personas; 8 v<span class=\"_ _6\"></span>arones y 5 mujeres.<span class=\"_ _33\"> </span>11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Plan<span class=\"ls31\">es</span> de retribuc<span class=\"_ _1\"></span>i\u00f3n a largo plazo </span></span>Se <span class=\"_ _11\"> </span>detalla <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>contin<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>n\u00famero <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>beneficiarios <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>31/12/2024 <span class=\"_ _12\"> </span>as\u00ed <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>compromiso <span class=\"_ _12\"> </span>m\u00e1ximo, asumiendo un gra<span class=\"_ _6\"></span>do de cons<span class=\"_ _6\"></span>ecuci\u00f3n del 100%, de los <span class=\"_ _6\"></span>planes<span class=\"_ _6\"></span> de incentivos<span class=\"_ _6\"></span> a largo plazo<span class=\"_ _6\"></span> vigentes: Coste m\u00e1ximo (miles \u20ac)<span class=\"ff3\"> </span>ILP N\u00famero Beneficiarios Efectivo Acciones Total Negocio Celulosa- ILP 2023-<span class=\"ls9\">2027</span> (*) 84<span class=\"ls0_1\"> </span>2.365 12.387 14.751 Celulosa Moldeada 3 828<span class=\"ls0_1\"> </span>- 828<span class=\"ls0_1\"> </span>Negocio Renovables- ILP 2021-<span class=\"ls9\">2025</span> 24<span class=\"ls0_1\"> </span>2.726 - 2.726 Biog\u00e1s 3 894<span class=\"ls0_1\"> </span>- 894<span class=\"ls0_1\"> </span>Calor Industrial 2 557<span class=\"ls0_1\"> </span>- 557<span class=\"ls0_1\"> </span>116<span class=\"ls0_1\"> </span>7.370<span class=\"ls0_1\"> </span>12.387<span class=\"ls0_1\"> </span>19.756<span class=\"ls0_1\"> </span>(*) <span class=\"_ _2\"> </span>Se recogen los compromisos<span class=\"_ _6\"></span> vigentes al 31/12/202<span class=\"_ _6\"></span>4 asociado<span class=\"_ _6\"></span>s a los Ciclos<span class=\"_ _6\"></span> I y II del plan<span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>gasto devengado <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _1\"></span>de 2024 <span class=\"_ _e\"></span>y 2023 <span class=\"_ _e\"></span>corr<span class=\"_ _6\"></span>espond<span class=\"_ _6\"></span>iente <span class=\"_ _e\"></span>a los <span class=\"_ _1\"></span>distintos planes de <span class=\"_ _e\"></span>retr<span class=\"_ _6\"></span>ibuci\u00f3n, detallado consid<span class=\"_ _6\"></span>erando su contra<span class=\"_ _6\"></span>partida<span class=\"_ _6\"></span>, es el siguient<span class=\"_ _6\"></span>e:<span class=\"_ _33\"> </span>31/12/2024 31/12/2023 Miles de euros Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Negocio Celulosa-   <span class=\"ls0_1\">ILP 2019-<span class=\"ls9\">2023</span> </span>- - - (349) (105) (244)   <span class=\"ls0_1\">ILP 2023-<span class=\"ls9\">2027</span> </span>2.437 392<span class=\"ls0_1\"> </span>2.045 1.435 230<span class=\"ls0_1\"> </span>1.205   <span class=\"ls0_1\">Celulosa Moldeada </span>99<span class=\"ls0_1\"> </span>99<span class=\"ls0_1\"> </span>- - - - Negocio Renovables-   <span class=\"ls0_1\">Magnon <span class=\"ls9\">2021</span>-<span class=\"ls9\">2025</span> </span>301<span class=\"ls0_1\"> </span>301<span class=\"ls0_1\"> </span>- 37<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>-   <span class=\"ls0_1\">Biometano </span>139<span class=\"ls0_1\"> </span>139<span class=\"ls0_1\"> </span>- - - -   <span class=\"ls0_1\">Calor Industrial </span>45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>- - - - 3.02<span class=\"ls0_1\">1 </span>975<span class=\"ls0_1\"> </span>2.045<span class=\"ls0_1\"> </span>1.123<span class=\"ls0_1\"> </span>162<span class=\"ls0_1\"> </span>961<span class=\"ls0_1\"> </span>Plan de ince<span class=\"_ _6\"></span>ntivo a largo plazo para e<span class=\"_ _6\"></span>l periodo 2023<span class=\"_ _6\"></span>-<span class=\"lse\">2027</span> El <span class=\"_ _6\"></span>5 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>mayo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Junta <span class=\"_ _6\"></span>Gene<span class=\"_ _6\"></span>ral <span class=\"_ _6\"></span>Ordinaria <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>Accionistas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _6\"></span>Domin<span class=\"_ _6\"></span>ante <span class=\"_ _10\"></span><span class=\"ff6\">aprob\u00f3 <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u201cPlan<span class=\"_ _6\"></span> </span>de incentivo<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>largo <span class=\"_ _6\"></span>plazo<span class=\"_ _6\"></span> 202<span class=\"_ _6\"></span>3-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _6\"></span>dirigido a<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>irectivos, <span class=\"_ _6\"></span>incluido <span class=\"_ _6\"></span>el Pr<span class=\"_ _6\"></span>esidente y<span class=\"_ _6\"></span> Cons<span class=\"_ _6\"></span>ejero D<span class=\"_ _6\"></span>elegado d<span class=\"_ _6\"></span>e la Sociedad, y otro<span class=\"_ _6\"></span>s empleados d<span class=\"_ _6\"></span>el Grupo Ence (el \u201cPlan\u201d). <span class=\"_ _6\"></span><span class=\"ff4\"> </span>El Plan tiene un<span class=\"_ _6\"></span>a duraci\u00f3n d<span class=\"_ _6\"></span>e 5 a\u00f1os<span class=\"_ _6\"></span>, esto es, d<span class=\"_ _6\"></span>esde el 1/1/2023 hasta<span class=\"_ _6\"></span> el 31/12/2027<span class=\"_ _6\"></span> y se div<span class=\"_ _6\"></span>id<span class=\"_ _6\"></span>e en 3 ci<span class=\"_ _6\"></span>clos anuales <span class=\"_ _11\"></span>solapados <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>3 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>ellos<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>dependientes <span class=\"_ _0\"></span>entre <span class=\"_ _11\"></span>s\u00ed, <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>idar\u00e1<span class=\"_ _6\"></span>n dentro <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>90 <span class=\"_ _1\"></span>d\u00edas <span class=\"_ _e\"></span>siguientes <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>\u00faltimo <span class=\"_ _e\"></span>a\u00f1o <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cada <span class=\"_ _e\"></span>ciclo<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _e\"></span><span class=\"ls0_1\"> <span class=\"_ _e\"></span>El <span class=\"_ _1\"></span>ciclo <span class=\"_ _e\"></span>I <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Plan <span class=\"_ _e\"></span>representa <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>60% <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _6\"></span> II y III representan u<span class=\"_ _6\"></span>n 20% cada uno<span class=\"_ _6\"></span> del incentivo total.<span class=\"_ _33\"> </span>El <span class=\"_ _6\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>estar\u00e1<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>condicion<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>cumplimie<span class=\"_ _6\"></span>nto <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>determinados <span class=\"_ _15\"></span>objetivos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financieros, <span class=\"_ _15\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _12\"> </span>valo<span class=\"_ _6\"></span>r  para  el <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista,  aprobados  por  el  Consejo  de <span class=\"_ _12\"> </span>Administraci\u00f3n<span class=\"_ _6\"></span>  a propuesta d<span class=\"_ _6\"></span>e la Comisi\u00f3n de Nombra<span class=\"_ _6\"></span>mientos y Retribu<span class=\"_ _6\"></span>ciones<span class=\"_ _6\"></span>.  El incentivo considerado en este Plan consiste en <span class=\"_ _1\"></span>un % de la <span class=\"_ _1\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>ca<span class=\"_ _6\"></span>tegor\u00eda <span class=\"_ _6\"></span>prof<span class=\"_ _6\"></span>esional <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>bene<span class=\"_ _6\"></span>ficiario, <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>liquida <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>70% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un 30% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>efectivo, <span class=\"_ _10\"></span>excepto <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mie<span class=\"_ _6\"></span>mbros <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Comit\u00e9 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Dire<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _15\"></span>cuya <span class=\"_ _10\"></span>liquidaci\u00f3n <span class=\"_ _15\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>100% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones. <span class=\"_ _11\"></span>El Presidente y <span class=\"_ _e\"></span>Con<span class=\"_ _6\"></span>sejero Delegado y <span class=\"_ _e\"></span>el resto <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>miembros del Comit\u00e9 <span class=\"_ _e\"></span>de Direcci\u00f3n asumen <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>eterminados compromisos de mantenim<span class=\"_ _6\"></span>iento d<span class=\"_ _6\"></span>e las acciones recibidas<span class=\"_ _6\"></span>.  El <span class=\"_ _6\"></span>n\u00famero <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acciones <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>entregar <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>determinar\u00e1 <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>referencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de ENCE <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>cotizaci\u00f3n <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>20 <span class=\"_ _6\"></span>d\u00edas <span class=\"_ _6\"></span>anteriores <span class=\"_ _6\"></span>y p<span class=\"_ _6\"></span>osteriores <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e ca<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ciclo. El <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>referencia <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>considerar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>tres <span class=\"_ _0\"></span><span class=\"lsc\">ciclo</span>s <span class=\"_ _10\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>3,24 <span class=\"_ _10\"></span>\u20ac<span class=\"_ _6\"></span>/acci\u00f3n</span>, <span class=\"_ _0\"></span><span class=\"ff6\">2,86 <span class=\"_ _10\"></span>\u20ac/acci\u00f3<span class=\"_ _6\"></span>n, <span class=\"_ _0\"></span></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>3,1 <span class=\"_ _10\"></span><span class=\"ff6\">\u20ac/acci\u00f3n</span><span class=\"ls10\">, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>plan<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>tres <span class=\"_ _10\"></span>ciclos <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span><span class=\"lse\">83</span>, <span class=\"_ _0\"></span><span class=\"lse\">84 <span class=\"_ _0\"></span></span>y <span class=\"_ _0\"></span>84 <span class=\"_ _0\"></span>personas<span class=\"ls20\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _12\"> </span>coste  m\u00e1ximo  previsto  en  su conjunto,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>grado <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>consecuci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>100%<span class=\"_ _15\"></span>, <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>ciende <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>aproximadament<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>18,5 <span class=\"_ _15\"></span>millon<span class=\"ff6\">es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>\u20ac</span> (3,0 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _6\"></span>ectivo y </span>5,1 <span class=\"_ _6\"></span>millones de acciones)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> Otros planes de retribuc<span class=\"_ _6\"></span>i\u00f3n a la<span class=\"_ _6\"></span>rgo plazo <span class=\"_ _6\"></span><span class=\"ls32\">y </span>otros comp<span class=\"_ _6\"></span>romisos El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>aprobado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>tres <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lanes <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incentiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>largo <span class=\"_ _15\"></span>plazo <span class=\"_ _15\"></span>dirigidos <span class=\"_ _15\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _15\"></span>empleados<span class=\"_ _6\"></span> clave ligados a l<span class=\"ls1d\">os</span> <span class=\"_ _1\"></span>negocios Celulosa Moldeada<span class=\"_ _6\"></span>, Biog\u00e1s y Calor Industrial. Los planes tienen una d<span class=\"_ _1\"></span>uraci\u00f3n de<span class=\"_ _33\"> </span>4<span class=\"ls10\">,5</span> <span class=\"_ _11\"></span>a\u00f1os, <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>liquidan <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>efectivo, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>su <span class=\"_ _11\"></span>consecuci\u00f3n <span class=\"_ _11\"></span>est\u00e1 <span class=\"_ _11\"> </span>condicionad<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>al <span class=\"_ _11\"></span>cumplimiento <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>serie <span class=\"_ _11\"></span>de<span class=\"_ _1\"></span> objetivos ligado<span class=\"_ _6\"></span>s al desarrollo de<span class=\"_ _6\"></span> dichos<span class=\"_ _6\"></span> negocios. Adicionalmente, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>ap<span class=\"_ _6\"></span>rob\u00f3 <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>2021 <span class=\"_ _11\"> </span>un<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lan <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>incentivo <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>largo <span class=\"_ _12\"> </span>plazo <span class=\"_ _12\"> </span>dirigido <span class=\"_ _12\"> </span>a  determinados<span class=\"_ _6\"></span> empleados <span class=\"_ _11\"></span>clave <span class=\"_ _0\"></span>ligad<span class=\"_ _6\"></span>os <span class=\"_ _11\"></span>al <span class=\"_ _11\"></span>negocio <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>Renovab<span class=\"_ _6\"></span>les. <span class=\"_ _11\"></span>El <span class=\"_ _0\"></span>plan <span class=\"_ _11\"> </span>tiene <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>5 <span class=\"_ _11\"> </span>a\u00f1os, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>ida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _18\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>as\u00ed <span class=\"_ _1e\"> </span>mismo <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>consecuci\u00f3n <span class=\"_ _1e\"> </span>est\u00e1 <span class=\"_ _1e\"> </span>condicionada <span class=\"_ _1e\"> </span>al <span class=\"_ _18\"> </span>cu<span class=\"_ _6\"></span>mplimiento <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>determinados <span class=\"_ _1e\"> </span>objetivos<span class=\"_ _6\"></span> financieros y n<span class=\"_ _6\"></span>o financieros. De <span class=\"_ _15\"></span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>previsto <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Plan <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>incentivo <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>largo <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>Celulosa, <span class=\"_ _10\"></span>S.A.<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>el periodo <span class=\"_ _6\"></span>2019-2<span class=\"_ _6\"></span>023, <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>julio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rocedido <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>liquidaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Ciclo <span class=\"_ _6\"></span>II <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>citado <span class=\"_ _15\"></span>Plan, <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>ha supuesto la<span class=\"_ _6\"></span> liquidaci\u00f3n, despu\u00e9s de impuestos<span class=\"_ _15\"></span>, <span class=\"ff6\">de 236 miles \u20ac y<span class=\"_ _6\"></span> 95 miles acciones de ENC<span class=\"_ _6\"></span>E.<span class=\"_ _6\"></span></span> El <span class=\"_ _10\"></span>24 <span class=\"_ _15\"></span>de <span class=\"_ _0\"></span>marzo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>20<span class=\"_ _6\"></span>22 <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _0\"></span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>Magnon<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Green <span class=\"_ _10\"></span>Energy, <span class=\"_ _10\"></span>S.L., <span class=\"_ _10\"></span>apro<span class=\"_ _6\"></span>b\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _1\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _1\"></span>iciarios percibir <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _6\"></span>extraordinar<span class=\"_ _6\"></span>ia <span class=\"_ _6\"></span>pagadera <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>met\u00e1lico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vinculada <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>rentabilidad <span class=\"_ _6\"></span>obtenida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>los<span class=\"_ _33\"> </span>accionistas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el 18 d<span class=\"_ _6\"></span>e diciembre de <span class=\"_ _6\"></span>2020 <span class=\"_ _6\"></span>y el <span class=\"_ _6\"></span>18 de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e 2028.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Son <span class=\"_ _6\"></span>requisitos<span class=\"_ _6\"></span> para s<span class=\"_ _6\"></span>u d<span class=\"_ _6\"></span>evengo la <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>secuci\u00f3n  de <span class=\"_ _11\"> </span>una  tasa <span class=\"_ _12\"> </span>interna <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>rentab<span class=\"_ _6\"></span>ilidad <span class=\"_ _12\"> </span>(TIR)  m<span class=\"_ _1\"></span>\u00ednima <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ara  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista <span class=\"_ _12\"> </span>del  10%,  y <span class=\"_ _12\"> </span>que  e<span class=\"_ _1\"></span>l beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la <span class=\"_ _1a\"> </span>fecha  de <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ago,  con  las salvedades h<span class=\"_ _1\"></span>abituales <span class=\"_ _e\"></span>para est<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>incentivos<span class=\"_ _6\"></span>. <span class=\"_ _1\"></span>El <span class=\"_ _e\"></span>colectivo <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>plan <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de 2024<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>lo <span class=\"_ _1\"></span>forman 5 personas<span class=\"_ _6\"></span>, y el <span class=\"_ _6\"></span>coste m\u00e1ximo <span class=\"_ _6\"></span>previsto, <span class=\"_ _6\"></span>considerando <span class=\"_ _6\"></span>un grado d<span class=\"_ _6\"></span>e consecuci\u00f3n <span class=\"_ _6\"></span>del 100%, <span class=\"_ _6\"></span>asciende a <span class=\"_ _6\"></span>4.938 miles \u20ac.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-593": {
   "value": "11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Datos de plan<span class=\"_ _1\"></span>tilla </span></span>La <span class=\"_ _6\"></span>plantilla <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2023, <span class=\"_ _6\"></span>detallada <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>profesional <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> sexo, <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la siguiente: N\u00famero Medio de Empleados del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>20<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>74<span class=\"ls0_1\"> </span>Gerentes 71<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>102<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>27<span class=\"ls0_1\"> </span>95<span class=\"ls0_1\"> </span>Responsables de equipo 67<span class=\"ls0_1\"> </span>4 71<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>5 73<span class=\"ls0_1\"> </span>T\u00e9cnicos 221<span class=\"ls0_1\"> </span>150<span class=\"ls0_1\"> </span>371<span class=\"ls0_1\"> </span>216<span class=\"ls0_1\"> </span>147<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>15<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>52<span class=\"ls0_1\"> </span>Operadores 298<span class=\"ls0_1\"> </span>50<span class=\"ls0_1\"> </span>348<span class=\"ls0_1\"> </span>292<span class=\"ls0_1\"> </span>46<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>Apoyo y mejora 45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>90<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 134<span class=\"ls0_1\"> </span>1 135<span class=\"ls0_1\"> </span>133<span class=\"ls0_1\"> </span>2 135<span class=\"ls0_1\"> </span>909<span class=\"ls0_1\"> </span>336<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>896<span class=\"ls0_1\"> </span>326<span class=\"ls0_1\"> </span>1.222<span class=\"_ _33\"> </span>As\u00ed <span class=\"_ _1\"></span>mismo <span class=\"_ _e\"></span>la distribuci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>lantilla del <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023, <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>etallada por <span class=\"_ _e\"></span>categor\u00eda profesional y s<span class=\"_ _6\"></span>exo, es la siguiente:<span class=\"_ _33\"> </span>N\u00famero de Empleados al cierre del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>Gerentes 75<span class=\"ls0_1\"> </span>34<span class=\"ls0_1\"> </span>109<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>Responsables de equipo 56<span class=\"ls0_1\"> </span>2 58<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>5 74<span class=\"ls0_1\"> </span>T\u00e9cnicos 217<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>369<span class=\"ls0_1\"> </span>226<span class=\"ls0_1\"> </span>160<span class=\"ls0_1\"> </span>386<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>40<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>Operadores 303<span class=\"ls0_1\"> </span>60<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>299<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>Apoyo y mejora 47<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>82<span class=\"ls0_1\"> </span>49<span class=\"ls0_1\"> </span>43<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 136<span class=\"ls0_1\"> </span>1 137<span class=\"ls0_1\"> </span>130<span class=\"ls0_1\"> </span>1 131<span class=\"ls0_1\"> </span>907<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>916<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>1.262<span class=\"ls0_1\"> </span>Al 31 de diciembre de 2024 y<span class=\"_ _6\"></span> 2023 el n\u00famero de empl<span class=\"_ _6\"></span>eados con u<span class=\"_ _6\"></span>na discapacidad superior al <span class=\"_ _6\"></span>33% es de <span class=\"_ _6\"></span><span class=\"lse\">11</span> y 12 personas<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> Por <span class=\"_ _10\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Administraci\u00f3n <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _10\"></span>conformado <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>13 personas; 8 v<span class=\"_ _6\"></span>arones y 5 mujeres.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-601": {
   "value": "11.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Datos de plan<span class=\"_ _1\"></span>tilla </span></span>La <span class=\"_ _6\"></span>plantilla <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2023, <span class=\"_ _6\"></span>detallada <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>categor\u00eda <span class=\"_ _6\"></span>profesional <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> sexo, <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la siguiente: N\u00famero Medio de Empleados del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>20<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>74<span class=\"ls0_1\"> </span>Gerentes 71<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>102<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>27<span class=\"ls0_1\"> </span>95<span class=\"ls0_1\"> </span>Responsables de equipo 67<span class=\"ls0_1\"> </span>4 71<span class=\"ls0_1\"> </span>68<span class=\"ls0_1\"> </span>5 73<span class=\"ls0_1\"> </span>T\u00e9cnicos 221<span class=\"ls0_1\"> </span>150<span class=\"ls0_1\"> </span>371<span class=\"ls0_1\"> </span>216<span class=\"ls0_1\"> </span>147<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>15<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>52<span class=\"ls0_1\"> </span>Operadores 298<span class=\"ls0_1\"> </span>50<span class=\"ls0_1\"> </span>348<span class=\"ls0_1\"> </span>292<span class=\"ls0_1\"> </span>46<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>Apoyo y mejora 45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>90<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 134<span class=\"ls0_1\"> </span>1 135<span class=\"ls0_1\"> </span>133<span class=\"ls0_1\"> </span>2 135<span class=\"ls0_1\"> </span>909<span class=\"ls0_1\"> </span>336<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>896<span class=\"ls0_1\"> </span>326<span class=\"ls0_1\"> </span>1.222<span class=\"_ _33\"> </span>As\u00ed <span class=\"_ _1\"></span>mismo <span class=\"_ _e\"></span>la distribuci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>lantilla del <span class=\"_ _e\"></span>Grupo <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023, <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>etallada por <span class=\"_ _e\"></span>categor\u00eda profesional y s<span class=\"_ _6\"></span>exo, es la siguiente:<span class=\"_ _33\"> </span>N\u00famero de Empleados al cierre del Ejercicio 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Categor\u00eda Profesional Hombres Mujeres Total Hombres Mujeres Total  Directivos 57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>19<span class=\"ls0_1\"> </span>76<span class=\"ls0_1\"> </span>Gerentes 75<span class=\"ls0_1\"> </span>34<span class=\"ls0_1\"> </span>109<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>31<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>Responsables de equipo 56<span class=\"ls0_1\"> </span>2 58<span class=\"ls0_1\"> </span>69<span class=\"ls0_1\"> </span>5 74<span class=\"ls0_1\"> </span>T\u00e9cnicos 217<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>369<span class=\"ls0_1\"> </span>226<span class=\"ls0_1\"> </span>160<span class=\"ls0_1\"> </span>386<span class=\"ls0_1\"> </span>Administrativos 16<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>17<span class=\"ls0_1\"> </span>40<span class=\"ls0_1\"> </span>57<span class=\"ls0_1\"> </span>Operadores 303<span class=\"ls0_1\"> </span>60<span class=\"ls0_1\"> </span>363<span class=\"ls0_1\"> </span>299<span class=\"ls0_1\"> </span>47<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>Apoyo y mejora 47<span class=\"ls0_1\"> </span>35<span class=\"ls0_1\"> </span>82<span class=\"ls0_1\"> </span>49<span class=\"ls0_1\"> </span>43<span class=\"ls0_1\"> </span>92<span class=\"ls0_1\"> </span>Mantenimiento 136<span class=\"ls0_1\"> </span>1 137<span class=\"ls0_1\"> </span>130<span class=\"ls0_1\"> </span>1 131<span class=\"ls0_1\"> </span>907<span class=\"ls0_1\"> </span>338<span class=\"ls0_1\"> </span>1.245<span class=\"ls0_1\"> </span>916<span class=\"ls0_1\"> </span>346<span class=\"ls0_1\"> </span>1.262<span class=\"ls0_1\"> </span>Al 31 de diciembre de 2024 y<span class=\"_ _6\"></span> 2023 el n\u00famero de empl<span class=\"_ _6\"></span>eados con u<span class=\"_ _6\"></span>na discapacidad superior al <span class=\"_ _6\"></span>33% es de <span class=\"_ _6\"></span><span class=\"lse\">11</span> y 12 personas<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> Por <span class=\"_ _10\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Administraci\u00f3n <span class=\"_ _10\"></span>est\u00e1 <span class=\"_ _10\"></span>conformado <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>13 personas; 8 v<span class=\"_ _6\"></span>arones y 5 mujeres.<span class=\"_ _33\"> </span>ENCE <span class=\"_ _e\"></span>tiene contratado <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>eguro <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>responsabilidad civil <span class=\"_ _a\"></span>que <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>bre <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>todos <span class=\"_ _1\"></span>sus <span class=\"_ _e\"></span>administradores <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>irectivos por <span class=\"_ _6\"></span>da\u00f1<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>ocasion<span class=\"_ _6\"></span>ados <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>actos <span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>omision<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>cargo<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Su <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>sido de <span class=\"ff6\">82 miles \u20ac y <span class=\"_ _6\"></span></span>94 miles <span class=\"ff6\">\u20ac</span>, respectivamente<span class=\"_ _6\"></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span>33.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Retribuci\u00f3n y otras prestaciones a los Administra<span class=\"_ _1\"></span>dores y a la Alta Direcci\u00f3n </span></span>33.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Retribuciones a <span class=\"_ _e\"></span>l<span class=\"_ _6\"></span>os miembro<span class=\"_ _1\"></span>s del Consejo de Ad<span class=\"_ _1\"></span>ministraci\u00f3n<span class=\"_ _33\"> </span></span></span>De <span class=\"_ _10\"></span>acuerdo <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>dispuesto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>art\u00edculo <span class=\"_ _0\"></span>38 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>statutos <span class=\"_ _0\"></span>Sociales, <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>Consejeros, <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>condici\u00f3n <span class=\"_ _0\"></span>de<span class=\"_ _33\"> </span>miembros d<span class=\"_ _6\"></span>el Consejo <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>por e<span class=\"_ _6\"></span>l desempe\u00f1o <span class=\"_ _6\"></span>de la <span class=\"_ _15\"></span>funci\u00f3n d<span class=\"_ _6\"></span>e s<span class=\"_ _6\"></span>upervisi\u00f3n <span class=\"_ _6\"></span>y decisi\u00f3n<span class=\"_ _6\"></span> colegia<span class=\"_ _6\"></span>da p<span class=\"_ _6\"></span>ropia d<span class=\"_ _6\"></span>e este<span class=\"_ _33\"> </span>\u00f3rgano, <span class=\"_ _0\"></span>tienen<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>derecho <span class=\"_ _11\"></span>a <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>ercibir <span class=\"_ _0\"></span>una <span class=\"_ _11\"></span>asignaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>anual <span class=\"_ _11\"></span>fi<span class=\"_ _1\"></span>ja <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>primas <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>asistencia, <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>conju<span class=\"_ _6\"></span>nto <span class=\"_ _0\"></span>no<span class=\"_ _33\"> </span>podr\u00e1n <span class=\"_ _1c\"> </span>exceder <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>cantidad<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>fijada <span class=\"_ _1c\"> </span>a <span class=\"_ _1c\"> </span>tal <span class=\"_ _1c\"> </span>efecto <span class=\"_ _1c\"> </span>por <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>Jun<span class=\"_ _6\"></span>ta <span class=\"_ _1c\"> </span>General <span class=\"_ _1c\"> </span>Ordinaria <span class=\"_ _1c\"> </span>de <span class=\"_ _1c\"> </span>Accionista<span class=\"_ _6\"></span>s,<span class=\"_ _33\"> </span>correspondiendo <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>Consejo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Administra<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _10\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>determinaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>cantidad<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>exacta <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>abonar<span class=\"_ _33\"> </span>dentro <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>dicho <span class=\"_ _15\"></span>l\u00edmite <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>su <span class=\"_ _15\"></span>distribuci\u00f3n <span class=\"_ _10\"></span>entre <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>distintos <span class=\"_ _15\"></span>Consejeros, <span class=\"_ _10\"></span>teniendo <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>cuenta <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>funciones<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y<span class=\"_ _33\"> </span>responsabilid<span class=\"_ _6\"></span>ades <span class=\"_ _18\"> </span>atribuidas  a <span class=\"_ _18\"> </span>cada  u<span class=\"_ _6\"></span>no,  la <span class=\"_ _18\"> </span>pertenencia  a <span class=\"_ _18\"> </span>comisiones <span class=\"_ _18\"> </span>dentro  d<span class=\"_ _6\"></span>el  Cons<span class=\"_ _6\"></span>ejo,  los<span class=\"_ _6\"></span>  cargos<span class=\"_ _33\"> </span>desempe\u00f1ados por cada uno de <span class=\"_ _1\"></span>ellos dentro del Consejo y las dem\u00e1s circunstancias objetivas que <span class=\"_ _1\"></span>considere<span class=\"_ _33\"> </span>relevantes. <div class=\"c_1 w2_1 h3b gs97b\"><div class=\"t_1 m0_1 x71 h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con <span class=\"_ _e\"></span>fecha <span class=\"_ _1\"></span>5 <span class=\"_ _e\"></span>de m<span class=\"_ _1\"></span>ayo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>2023 <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Junta <span class=\"_ _1\"></span>General <span class=\"_ _e\"></span>Ordinaria <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Accionista<span class=\"_ _6\"></span>s <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Sociedad<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>ha aprobado <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>Pol\u00edtica </div><div class=\"t_1 m0_1 x71 h8 y1d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _e\"></span>Remunerac<span class=\"_ _6\"></span>iones de <span class=\"_ _e\"></span>los Consejeros <span class=\"_ _e\"></span>de Ence <span class=\"_ _e\"></span>Energ\u00eda y <span class=\"_ _e\"></span>Celulosa,<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>S.A. para <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>periodo 2023-<span class=\"_ _1\"></span>2026 (disponible </div><div class=\"t_1 m0_1 x71 h8 y1d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"_ _0\"></span>www.ence.es). <span class=\"_ _11\"></span>El <span class=\"_ _0\"></span>l\u00edmite <span class=\"_ _11\"></span>m\u00e1ximo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>re<span class=\"_ _6\"></span>muneraci\u00f3n <span class=\"_ _0\"></span>an<span class=\"_ _6\"></span>ual <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>satisfacer <span class=\"_ _0\"></span>al <span class=\"_ _11\"></span>conjunto <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>consejeros <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>su </div><div class=\"t_1 m0_1 x71 h8 y338 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">condici\u00f3n de tales, es<span class=\"_ _6\"></span>tablecido en dicha<span class=\"_ _6\"></span> pol\u00edtica de remuneracion<span class=\"_ _6\"></span>es es de 1,9 millones \u20ac.<span class=\"_ _15\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x1f h51 y2bd ff9 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Retribuciones po<span class=\"_ _6\"></span>r su pertenencia al Consejo<span class=\"_ _6\"></span> de Administraci\u00f3n<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y138 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las re<span class=\"_ _1\"></span>tribuciones devengadas <span class=\"_ _1\"></span>por los <span class=\"_ _e\"></span>miembros del <span class=\"_ _e\"></span>Consejo de <span class=\"_ _e\"></span>Administra<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>relaci\u00f3n con <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>funciones </div><div class=\"t_1 m0_1 x1f h8 y1fc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">propias de s<span class=\"_ _6\"></span>u condici\u00f3n de consejeros en 202<span class=\"_ _6\"></span>4 y 2023 h<span class=\"_ _6\"></span>an sido:<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w1bf ha6 gs97c\"><div class=\"t_1 m0_1 x18 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"c_1 w1fb ha6 gs97d\"><div class=\"t_1 m0_1 x30 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2024 </div></div><div class=\"c_1 w1f9 h10f gs97e\"><div class=\"t_1 m0_1 x3a h1f yb74 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Administrador </div></div><div class=\"c_1 w1fa h10f gs97f\"><div class=\"t_1 m0_1 x2e h1f yb74 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tipolog\u00eda </div></div><div class=\"c_1 w21 h10f gs980\"><div class=\"t_1 m0_1 x12 h1f ybcd ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Retribuci\u00f3n </div><div class=\"t_1 m0_1 x2e h1f y759 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Fija </div></div><div class=\"c_1 w9f h10f gs981\"><div class=\"t_1 m0_1 x44 h1f ybcd ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dietas y </div><div class=\"t_1 m0_1 x87 h1f y759 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></div><div class=\"c_1 w1a3 h10f gs982\"><div class=\"t_1 m0_1 x32 h1f yb74 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total  </div></div><div class=\"c_1 w196 h10f gs983\"><div class=\"t_1 m0_1 x29 h1f ybcd ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o  </div><div class=\"t_1 m0_1 x32 h1f y759 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">3 </span></div></div><div class=\"c_1 w1f9 h6c gs984\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Fernando Abril-Martorell Hern\u00e1ndez </div></div><div class=\"c_1 w1fa h6c gs985\"><div class=\"t_1 m0_1 x11 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros externos </div></div><div class=\"c_1 w21 h6c gs986\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">45<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6c gs987\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">54<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6c gs988\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">99<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6c gs989\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">93<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h6d gs98a\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. \u00c1ngel Agudo Valenciano </div></div><div class=\"c_1 w1fa h6d gs98b\"><div class=\"t_1 m0_1 x2a h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dominical </div></div><div class=\"c_1 w21 h6d gs98c\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">45<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6d gs98d\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">35<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6d gs98e\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">80<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6d gs98f\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">83<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h6c gs990\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. Carmen Alicia Aquerreta Ferraz </div></div><div class=\"c_1 w1fa h6c gs991\"><div class=\"t_1 m0_1 x11 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Independiente </div></div><div class=\"c_1 w21 h6c gs992\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">45<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6c gs993\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">49<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6c gs994\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">94<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6c gs995\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">91<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h6d gs996\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Gorka Arregui Abendivar </div></div><div class=\"c_1 w1fa h6d gs997\"><div class=\"t_1 m0_1 x2a h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dominical </div></div><div class=\"c_1 w21 h6d gs998\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">45<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6d gs999\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">59<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6d gs99a\"><div class=\"t_1 m0_1 x54 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">104<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6d gs99b\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">94<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h6c gs99c\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Javier Arregui Abendivar </div></div><div class=\"c_1 w1fa h6c gs99d\"><div class=\"t_1 m0_1 x2a h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dominical </div></div><div class=\"c_1 w21 h6c gs99e\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">44<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6c gs99f\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">60<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6c gs9a0\"><div class=\"t_1 m0_1 x54 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">104<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6c gs9a1\"><div class=\"t_1 m0_1 x54 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">108<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h6d gs9a2\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Oscar Arregui Abendivar </div></div><div class=\"c_1 w1fa h6d gs9a3\"><div class=\"t_1 m0_1 x2a h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dominical </div></div><div class=\"c_1 w21 h6d gs9a4\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">44<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6d gs9a5\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">41<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6d gs9a6\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">85<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6d gs9a7\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">79<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h6c gs9a8\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Jos\u00e9 Ignacio Comenge S\u00e1nchez-Real </div></div><div class=\"c_1 w1fa h6c gs9a9\"><div class=\"t_1 m0_1 x2a h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dominical </div></div><div class=\"c_1 w21 h6c gs9aa\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">45<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6c gs9ab\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">45<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6c gs9ac\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">90<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6c gs9ad\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">76<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h23 gs9ae\"><div class=\"t_1 m0_1 x10 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Ignacio de Colmenares Brunet </div></div><div class=\"c_1 w1fa h23 gs9af\"><div class=\"t_1 m0_1 x2e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Ejecutivo </div></div><div class=\"c_1 w21 h23 gs9b0\"><div class=\"t_1 m0_1 x2e h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">135<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h23 gs9b1\"><div class=\"t_1 m0_1 x2e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a3 h23 gs9b2\"><div class=\"t_1 m0_1 x54 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">135<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h23 gs9b3\"><div class=\"t_1 m0_1 x54 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">135<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h6d gs9b4\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. Rosa Mar\u00eda Garc\u00eda Pi\u00f1eiro </div></div><div class=\"c_1 w1fa h6d gs9b5\"><div class=\"t_1 m0_1 x11 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Independiente </div></div><div class=\"c_1 w21 h6d gs9b6\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">44<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6d gs9b7\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">64<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6d gs9b8\"><div class=\"t_1 m0_1 x54 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">108<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6d gs9b9\"><div class=\"t_1 m0_1 x54 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">114<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h6c gs9ba\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. Rosal\u00eda Gil Albarellos Marcos </div></div><div class=\"c_1 w1fa h6c gs9bb\"><div class=\"t_1 m0_1 x11 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Independiente </div></div><div class=\"c_1 w21 h6c gs9bc\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">44<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6c gs9bd\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">53<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6c gs9be\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">97<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6c gs9bf\"><div class=\"t_1 m0_1 x8c h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">99<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h6d gs9c0\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. Irene Hern\u00e1ndez \u00c1lvarez </div></div><div class=\"c_1 w1fa h6d gs9c1\"><div class=\"t_1 m0_1 x11 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Independiente </div></div><div class=\"c_1 w21 h6d gs9c2\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">44<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6d gs9c3\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">82<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6d gs9c4\"><div class=\"t_1 m0_1 x54 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">126<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6d gs9c5\"><div class=\"t_1 m0_1 x54 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">127<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h110 gs9c6\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa. Mar\u00eda Paz Robina Rosat </div></div><div class=\"c_1 w1fa h110 gs9c7\"><div class=\"t_1 m0_1 x11 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Independiente </div></div><div class=\"c_1 w21 h110 gs9c8\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">45<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h110 gs9c9\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">60<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h110 gs9ca\"><div class=\"t_1 m0_1 x54 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">105<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h110 gs9cb\"><div class=\"t_1 m0_1 x54 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">105<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f9 h6d gs9cc\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Jos\u00e9 Guillermo Zub\u00eda Guinea </div></div><div class=\"c_1 w1fa h6d gs9cd\"><div class=\"t_1 m0_1 x11 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros externos </div></div><div class=\"c_1 w21 h6d gs9ce\"><div class=\"t_1 m0_1 x5 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">44<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6d gs9cf\"><div class=\"t_1 m0_1 x4 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">66<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6d gs9d0\"><div class=\"t_1 m0_1 x54 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">110<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6d gs9d1\"><div class=\"t_1 m0_1 x54 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">105<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w21 h6c gs9d2\"><div class=\"t_1 m0_1 x2e h54 yc4 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">669<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w9f h6c gs9d3\"><div class=\"t_1 m0_1 x10 h54 yc4 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">668<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h6c gs9d4\"><div class=\"t_1 m0_1 x11 h54 yc4 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.337<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h6c gs9d5\"><div class=\"t_1 m0_1 x11 h54 yc4 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.309<span class=\"ls0_1\"> </span></div></div>Los <span class=\"_ _6\"></span>Consejeros <span class=\"_ _15\"></span>no <span class=\"_ _6\"></span>ejecutivos \u00fa<span class=\"_ _6\"></span>nicamente <span class=\"_ _6\"></span>perciben <span class=\"_ _6\"></span>una <span class=\"_ _15\"></span>asignaci\u00f3n <span class=\"_ _6\"></span>fija <span class=\"_ _6\"></span>consis<span class=\"_ _6\"></span>tente <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>una retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>fija <span class=\"_ _6\"></span>y dietas <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>asistencia <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>reuniones <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>Cons<span class=\"_ _6\"></span>ejo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Administraci\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _6\"></span>Comis<span class=\"_ _6\"></span>iones, <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>tando <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>todo caso excluidos d<span class=\"_ _6\"></span>e los planes de incentivos ligad<span class=\"_ _6\"></span>os al des<span class=\"_ _6\"></span>empe\u00f1o de la compa\u00f1\u00eda, a<span class=\"_ _6\"></span> corto o largo plazo.<span class=\"_ _15\"></span> Por <span class=\"_ _15\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _15\"></span>ENCE<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tiene <span class=\"_ _15\"></span>co<span class=\"_ _6\"></span>ntratad<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>p\u00f3liza <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>asegura <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>colectivo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>for<span class=\"_ _6\"></span>mado <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>conjun<span class=\"_ _6\"></span>to <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los consejeros <span class=\"_ _10\"></span>frente <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>siguientes<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>riesgos <span class=\"_ _10\"></span>derivados <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>accidente; <span class=\"_ _15\"></span>fall<span class=\"_ _6\"></span>ecimiento, <span class=\"_ _10\"></span>incapac<span class=\"_ _6\"></span>idad <span class=\"_ _10\"></span>permanente absoluta <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>incap<span class=\"_ _6\"></span>acidad <span class=\"_ _0\"></span>permanente <span class=\"_ _0\"></span>par<span class=\"_ _6\"></span>cial. <span class=\"_ _0\"></span>Adi<span class=\"_ _6\"></span>cionalmente, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Sociedad<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>ofrece <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>onsejeros <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>sus c\u00f3nyuges la p<span class=\"_ _6\"></span>osibilidad de realizar anu<span class=\"_ _6\"></span>almente un reconocimiento m<span class=\"_ _6\"></span>\u00e9dico.<span class=\"_ _15\"></span> Durante <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>miembros <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Cons<span class=\"_ _6\"></span>ejo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Administra<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ENCE <span class=\"_ _15\"></span>no <span class=\"_ _6\"></span>han <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ercibido importe <span class=\"_ _12\"> </span>algun<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _1a\"> </span>la <span class=\"_ _12\"> </span>pertenencia  a <span class=\"_ _12\"> </span>los  \u00f3rga<span class=\"_ _1\"></span>nos <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>otras<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>sociedad<span class=\"_ _6\"></span>es <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _12\"> </span>Grupo,<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>o asociadas. La informaci\u00f3n sob<span class=\"_ _6\"></span>re remuneraci\u00f3n media de cons<span class=\"_ _6\"></span>ejeros desglosad<span class=\"_ _6\"></span>a por sexo s<span class=\"_ _6\"></span>e incluye en el \u201c<span class=\"_ _6\"></span><span class=\"ff4\">In<span class=\"_ _6\"></span>forme de </span>sostenibilidad<span class=\"_ _6\"></span>\u201d que forma parte del Informe d<span class=\"_ _6\"></span>e Gesti\u00f3n.<span class=\"_ _33\"> </span>La Pol\u00edtica de R<span class=\"_ _6\"></span>emuneraciones<span class=\"_ _6\"></span> de los Cons<span class=\"_ _6\"></span>ejeros de Ence E<span class=\"_ _6\"></span>nerg\u00eda y C<span class=\"_ _6\"></span>elulosa, S.A. estab<span class=\"_ _6\"></span>lece una retribu<span class=\"_ _6\"></span>ci\u00f3n fija <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>Presidente <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>Consejero <span class=\"_ _10\"></span>Delegado <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>750 <span class=\"_ _10\"></span>miles <span class=\"_ _10\"></span>\u20ac <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>una <span class=\"_ _10\"></span>retribuci\u00f3n <span class=\"_ _0\"></span>variable <span class=\"_ _10\"></span>anual <span class=\"_ _10\"></span>m\u00e1xima <span class=\"_ _0\"></span>del 120% <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>la <span class=\"_ _11\"></span>retribuci\u00f3n <span class=\"_ _11\"> </span>fija<span class=\"_ _6\"></span>. <span class=\"_ _11\"> </span>Adicionalmente,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _11\"> </span>ofrece <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>Presidente<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>como <span class=\"_ _11\"> </span>retribuc<span class=\"_ _6\"></span>iones <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>especie; veh\u00edculo de empresa, s<span class=\"_ _6\"></span>eguro m\u00e9dico, y la po<span class=\"_ _6\"></span>sibilidad de realizar a<span class=\"_ _6\"></span>nualmente un reconoc<span class=\"_ _6\"></span>imiento m\u00e9dico.<span class=\"_ _15\"></span> Las <span class=\"_ _18\"> </span>retribuciones <span class=\"_ _18\"> </span>devengadas <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>D. <span class=\"_ _18\"> </span>Ignacio  d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>Colmenares <span class=\"_ _18\"> </span>Brunet <span class=\"_ _18\"> </span>por  el <span class=\"_ _18\"> </span>desempe\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>funciones ejecutivas <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>2023, <span class=\"_ _15\"></span>tanto<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>retribuci\u00f3n <span class=\"_ _15\"></span>fija <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>var<span class=\"_ _6\"></span>iable, <span class=\"_ _15\"></span>han <span class=\"_ _15\"></span>sido <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>1.605 <span class=\"_ _15\"></span><span class=\"ff6\">miles <span class=\"_ _15\"></span>\u20ac <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>1.<span class=\"_ _6\"></span></span><span class=\"lse\">295</span><span class=\"ff6\">miles <span class=\"_ _15\"></span>\u20ac,<span class=\"_ _6\"></span> </span>respectivamente. For<span class=\"_ _6\"></span>mando p<span class=\"_ _6\"></span>arte de su retribu<span class=\"_ _6\"></span>ci\u00f3n, el Pr<span class=\"_ _6\"></span>esidente y Cons<span class=\"_ _6\"></span>ejero Delegado <span class=\"_ _6\"></span>es b<span class=\"_ _6\"></span>eneficiario de un seguro mixto d<span class=\"_ _6\"></span>e ahorro y de vida <span class=\"_ _6\"></span>y accidente (v\u00e9ase No<span class=\"_ _6\"></span>ta 3.14). <span class=\"_ _6\"></span> Adicionalmente a la retrib<span class=\"_ _6\"></span>uci\u00f3n indicada,<span class=\"_ _6\"></span> el Presidente y Cons<span class=\"_ _6\"></span>ejero Delegado tiene derec<span class=\"_ _6\"></span>ho a un<span class=\"_ _6\"></span> seguro de jubilaci\u00f3n <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _e\"></span>favor <span class=\"_ _e\"></span>cuya <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>restaci\u00f3n <span class=\"_ _e\"></span>ser\u00e1 <span class=\"_ _e\"></span>igual <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>una <span class=\"_ _e\"></span>anualid<span class=\"_ _6\"></span>ad <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>retribu<span class=\"_ _6\"></span>ci\u00f3n, <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>que <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ercibir\u00e1 <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>momento de la <span class=\"_ _e\"></span>extinci\u00f3n de su <span class=\"_ _1\"></span>contrato.<span class=\"_ _6\"></span> La <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>ortaci\u00f3n<span class=\"_ _6\"></span> por <span class=\"_ _1\"></span>este concepto en <span class=\"_ _e\"></span>2024 ha sido <span class=\"_ _1\"></span>nula al <span class=\"_ _1\"></span>haberse completado la dotaci\u00f3n d<span class=\"_ _6\"></span>e este compromiso <span class=\"_ _6\"></span>en el a\u00f1o 2023 <span class=\"_ _6\"></span>(en el ejercicio <span class=\"lse\">2023 <span class=\"_ _6\"></span></span>la dotaci\u00f3n fue <span class=\"_ _6\"></span><span class=\"ff6\">de 220 miles \u20ac).<span class=\"_ _6\"></span></span> Formando parte <span class=\"_ _e\"></span>de su<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>retribuci\u00f3n devengada, <span class=\"_ _e\"></span>e<span class=\"_ _6\"></span>l <span class=\"_ _1\"></span>Consejero <span class=\"_ _e\"></span>Delegad<span class=\"_ _6\"></span>o ha <span class=\"_ _e\"></span>sido benefici<span class=\"_ _1\"></span>ario <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Ciclo <span class=\"_ _e\"></span>II del <span class=\"_ _e\"></span>Plan de Incentivo<span class=\"_ _6\"></span>s a <span class=\"_ _6\"></span>largo plazo ENCE <span class=\"_ _6\"></span>Energ\u00eda <span class=\"_ _6\"></span>y Celulosa, <span class=\"_ _6\"></span>S.A. para <span class=\"_ _6\"></span>el periodo <span class=\"_ _6\"></span>2019<span class=\"_ _6\"></span>-2023 (v<span class=\"_ _6\"></span>\u00e9ase <span class=\"_ _6\"></span>Nota <span class=\"_ _6\"></span><span class=\"lse\">11</span>) q<span class=\"_ _6\"></span>ue se ha <span class=\"_ _6\"></span>liquidado<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>julio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2024<span class=\"lsf\">. <span class=\"_ _6\"></span></span>E<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>marco <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dicho <span class=\"_ _6\"></span>plan <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>a percibido <span class=\"_ _6\"></span>53 <span class=\"_ _15\"></span><span class=\"ff6\">mil<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span></span>21 <span class=\"_ _6\"></span>miles <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>acciones <span class=\"_ _6\"></span>de ENCE. Por <span class=\"_ _1\"></span>otra <span class=\"_ _1\"></span>parte, e<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>Presidente y <span class=\"_ _e\"></span>Con<span class=\"_ _6\"></span>sejero <span class=\"_ _1\"></span>Delegado es <span class=\"_ _1\"></span>beneficiario de <span class=\"_ _e\"></span>los ciclos <span class=\"_ _1\"></span>I, <span class=\"lsf\">II <span class=\"_ _e\"></span><span class=\"ls0_1\">y III <span class=\"_ _e\"></span>del Plan <span class=\"_ _e\"></span>de Incentivos </span></span>a <span class=\"_ _10\"></span>largo <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>Energ\u00eda <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>Celulosa, <span class=\"_ _0\"></span>S.A. <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>periodo <span class=\"_ _0\"></span>2023<span class=\"_ _6\"></span>-2027 <span class=\"_ _10\"></span>(v\u00e9ase <span class=\"_ _0\"></span>Nota <span class=\"_ _10\"></span><span class=\"lse\">11</span>). <span class=\"_ _10\"></span>Cons<span class=\"_ _6\"></span>iderando <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>n grado <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>consecuci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ob<span class=\"_ _6\"></span>jetivos <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ciclos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>I <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>II <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>plan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>100%, <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ercibir\u00eda, <span class=\"_ _6\"></span>antes<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>impuestos, 694 mil<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acciones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ENCE <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>2026 <span class=\"_ _6\"></span>correspondientes <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>ciclo I <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>262 <span class=\"_ _6\"></span>miles d<span class=\"_ _6\"></span>e accion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ENCE en el a\u00f1o 2027 y 2028, r<span class=\"_ _6\"></span>espectiv<span class=\"_ _6\"></span>amente, correspon<span class=\"_ _6\"></span>dientes a<span class=\"_ _6\"></span> l<span class=\"ls1d\">os</span> <span class=\"lsc\">ciclo</span>s <span class=\"lsf\">II</span> <span class=\"_ _6\"></span>y III.  Otros aspectos<span class=\"_ _6\"></span> Los <span class=\"_ _15\"></span>Adminis<span class=\"_ _6\"></span>tradores <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>ENCE <span class=\"_ _10\"></span>no <span class=\"_ _15\"></span>tienen <span class=\"_ _10\"></span>concedid<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>an<span class=\"_ _6\"></span>ticipos <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>i <span class=\"_ _15\"></span>cr\u00e9ditos <span class=\"_ _10\"></span>por <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>sociedad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>i han  percibido  ning\u00fan  tipo  de  indemnizaci\u00f3n<span class=\"_ _6\"></span>.  Asimismo,  en  <span class=\"lse\">202</span>4  y  2023  los  Adminis<span class=\"_ _6\"></span>tradores  no  han realizado <span class=\"_ _1\"></span>con ENCE <span class=\"_ _e\"></span>o <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>filiales <span class=\"_ _e\"></span>operaciones fuera <span class=\"_ _e\"></span>del giro <span class=\"_ _e\"></span>o tr\u00e1fico <span class=\"_ _e\"></span>ordinario,<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>en condiciones <span class=\"_ _e\"></span>distin<span class=\"_ _6\"></span>tas de las habitu<span class=\"_ _6\"></span>ales de mercado.<span class=\"_ _6\"></span> ENCE <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>tiene <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>\u00edda <span class=\"_ _6\"></span>nin<span class=\"_ _6\"></span>guna <span class=\"_ _6\"></span>obligaci\u00f3n <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>sus <span class=\"_ _15\"></span>Administradores, <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>concepto <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>tales, <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>materia de <span class=\"_ _6\"></span>pension<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>ni <span class=\"_ _15\"></span>sistemas <span class=\"_ _6\"></span>alt<span class=\"_ _6\"></span>ernativos <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>seguros, <span class=\"_ _15\"></span>excepto <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>caso <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>Presid<span class=\"_ _6\"></span>ente <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>Consejero <span class=\"_ _6\"></span>Delegad<span class=\"_ _6\"></span>o por sus funciones<span class=\"_ _6\"></span> ejecutivas.<span class=\"_ _6\"></span> En <span class=\"ls0_1\">los ejercicios <span class=\"_ _1\"></span>2024 y 2023 no se han producido cambios en los miembros del Consejo de Administraci\u00f3n.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span> </span>Durante <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>miembros <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>consejo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Administra<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>han <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>ercibido <span class=\"_ _10\"></span>ning\u00fan<span class=\"_ _6\"></span> tipo de indemnizaci\u00f3n. Las cl\u00e1usulas<span class=\"_ _6\"></span> de indemnizaci\u00f3n de los consejeros se describen en el apartado C.1.39 el Informe Anual de Gobierno<span class=\"_ _6\"></span> Corporativ<span class=\"_ _6\"></span>o de dichos<span class=\"_ _6\"></span> ejercicios, dispon<span class=\"_ _6\"></span>ible en \u201cwww<span class=\"_ _6\"></span>.ence.es\u201d<span class=\"_ _6\"></span>. <span class=\"ff4\"> </span>De acuerdo con las co<span class=\"_ _6\"></span>municaciones efectuadas por los miembros d<span class=\"_ _6\"></span>el Consejo de Administraci\u00f3n,<span class=\"_ _6\"></span> no se han producido <span class=\"_ _11\"></span>durante <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>ejercicio <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>refiere <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>presente <span class=\"_ _11\"></span>memoria <span class=\"_ _0\"></span>situacio<span class=\"_ _6\"></span>nes <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>conflicto, <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>irecto <span class=\"_ _0\"></span>o indirecto, que <span class=\"_ _1\"></span>ellos o <span class=\"_ _1\"></span>personas vinculadas<span class=\"_ _6\"></span> a <span class=\"_ _e\"></span>ell<span class=\"_ _6\"></span>os pudieran tener con el <span class=\"_ _1\"></span>inter\u00e9s de <span class=\"_ _1\"></span>la Sociedad conforme a <span class=\"_ _1\"></span>lo previsto en el art\u00edculo <span class=\"_ _6\"></span>229 de la Ley d<span class=\"_ _6\"></span>e Sociedades de Capit<span class=\"_ _6\"></span>al.<span class=\"_ _33\"> </span>33.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Retribuci\u00f3n de<span class=\"_ _1\"></span> la Alta Direcci\u00f3n<span class=\"_ _1\"></span>  </span></span>\u00danicamente <span class=\"_ _11\"> </span>tienen <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>cons<span class=\"_ _6\"></span>ideraci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>alta <span class=\"_ _11\"> </span>direcci\u00f3n <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>irectores <span class=\"_ _11\"> </span>generales <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>tienen <span class=\"_ _12\"> </span>dependencia directa del Presidente y Cons<span class=\"_ _6\"></span>ejero Delegado o del Con<span class=\"_ _6\"></span>sejo de Ad<span class=\"_ _6\"></span>ministraci\u00f3n, los<span class=\"_ _6\"></span> directores que depend<span class=\"_ _6\"></span>en<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gs9d7\"><div class=\"t_1 m0_1 x1f h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">directamente del Consejo d<span class=\"_ _6\"></span>e Administra<span class=\"_ _6\"></span>ci\u00f3n o bien de algun<span class=\"_ _6\"></span>a de sus<span class=\"_ _6\"></span> Comisiones, y cu<span class=\"_ _6\"></span>alquier otro directivo<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y1d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a <span class=\"_ _11\"> </span>quien <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>Consejo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>reconozca <span class=\"_ _12\"> </span>tal <span class=\"_ _11\"> </span>condici\u00f3n.<span class=\"_ _15\"></span> <span class=\"_ _11\"> </span>Su <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>etalle <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>30 <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>junio <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>2024 <span class=\"_ _11\"> </span>es <span class=\"_ _12\"> </span>el </div><div class=\"t_1 m0_1 x1f h8 y1d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">siguiente:  </div></div><div class=\"c_1 wf7 h112 gs9d8\"><div class=\"t_1 m0_1 x6 h1f yab3 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Nombre  </div></div><div class=\"c_1 w1fc h112 gs9d9\"><div class=\"t_1 m0_1 xa h1f yab3 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Cargo </div></div><div class=\"c_1 wf7 h100 gs9da\"><div class=\"t_1 m0_1 x10 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Ignacio de Colmenares y Brunet </div></div><div class=\"c_1 w1fc h100 gs9db\"><div class=\"t_1 m0_1 x12 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Presidente y Consejero Delegado </div></div><div class=\"c_1 wf7 h97 gs9dc\"><div class=\"t_1 m0_1 x10 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Alfredo Avello de la Pe\u00f1a </div></div><div class=\"c_1 w1fc h97 gs9dd\"><div class=\"t_1 m0_1 x12 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Finanzas y Desarrollo Corporativo </div></div><div class=\"c_1 wf7 h100 gs9de\"><div class=\"t_1 m0_1 x10 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Jordi Aguil\u00f3 Jubierre </div></div><div class=\"c_1 w1fc h100 gs9df\"><div class=\"t_1 m0_1 x12 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Celulosa </div></div><div class=\"c_1 wf7 h100 gs9e0\"><div class=\"t_1 m0_1 x10 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Guillermo Negro Maguregui </div></div><div class=\"c_1 w1fc h100 gs9e1\"><div class=\"t_1 m0_1 x12 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Magnon Green Energy, S.L.  </div></div><div class=\"c_1 wf7 h7f gs9e2\"><div class=\"t_1 m0_1 x10 h1f y70b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa Reyes Cerezo Rodr\u00edguez-Sedano </div></div><div class=\"c_1 w1fc h7f gs9e3\"><div class=\"t_1 m0_1 x12 h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Secretaria General/D. General Corporativa de </div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Sostenibilidad y Regulaci\u00f3n </div></div><div class=\"c_1 wf7 h113 gs9e4\"><div class=\"t_1 m0_1 x10 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa Isabel Vallejo de la Fuente </div></div><div class=\"c_1 w1fc h113 gs9e5\"><div class=\"t_1 m0_1 x12 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. General Corporativa Capital Humano </div></div><div class=\"c_1 wf7 h100 gs9e6\"><div class=\"t_1 m0_1 x10 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Modesto Saiz Su\u00e1rez  </div></div><div class=\"c_1 w1fc h100 gs9e7\"><div class=\"t_1 m0_1 x12 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Comercial y Log\u00edstica Celulosa </div></div><div class=\"c_1 wf7 h23 gs9e8\"><div class=\"t_1 m0_1 x10 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Fernando Gonz\u00e1lez-Palacios Carbajo </div></div><div class=\"c_1 w1fc h23 gs9e9\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Planificaci\u00f3n y Control </div></div><div class=\"c_1 wf7 h80 gs9ea\"><div class=\"t_1 m0_1 x10 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa Carla Moren\u00e9s Basabe </div></div><div class=\"c_1 w1fc h80 gs9eb\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D<span class=\"ls8\">. </span>\u00c9tica y Cumplimiento </div></div><div class=\"c_1 wf7 h97 gs9ec\"><div class=\"t_1 m0_1 x10 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. \u00c1ngel J. Mosquera L\u00f3pez-Leyton </div></div><div class=\"c_1 w1fc h97 gs9ed\"><div class=\"t_1 m0_1 x12 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">D. Auditor\u00eda Interna </div></div><div class=\"c_1 w2_1 h3b gs9d7\"><div class=\"t_1 m0_1 xb6 h1f y606 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h3_1 y77b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(i)<span class=\"ff2\"> <span class=\"_ _2b\"> </span></span>Con <span class=\"_ _6\"></span>efectos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>partir <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>enero <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>incorpora <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>alta <span class=\"_ _6\"></span>Direcci\u00f3n <span class=\"_ _6\"></span>co<span class=\"_ _6\"></span>mo <span class=\"_ _6\"></span>D. <span class=\"_ _6\"></span>General <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Magnon <span class=\"_ _6\"></span>Green </div><div class=\"t_1 m0_1 xb6 h1f ybdf ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Energy, <span class=\"_ _6\"></span>S.L. <span class=\"_ _15\"></span>(hoding <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>Negocio <span class=\"_ _10\"></span>Energ\u00eda <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE) <span class=\"_ _6\"></span>D. <span class=\"_ _15\"></span>G<span class=\"_ _6\"></span>uillermo <span class=\"_ _6\"></span>N<span class=\"_ _6\"></span>egro <span class=\"_ _6\"></span>Mag<span class=\"_ _6\"></span>uregui, <span class=\"_ _10\"></span>dejando <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>formar <span class=\"_ _15\"></span>parte. <span class=\"_ _15\"></span>D. </div><div class=\"t_1 m0_1 xb6 h1f ybe0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Marc G\u00f3mez Ferret. </div><div class=\"t_1 m0_1 x1f h3_1 y2a6 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(ii)<span class=\"ff2\"> <span class=\"_ _1f\"> </span></span>Con <span class=\"_ _1\"></span>fecha <span class=\"_ _e\"></span>15 de <span class=\"_ _a\"></span>mayo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>2023 D\u00aa<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>Isabel <span class=\"_ _e\"></span>V<span class=\"_ _6\"></span>allejo <span class=\"_ _e\"></span>de l<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Fuente <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>ha <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>corporado <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>la alta<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>Direcci\u00f3n como <span class=\"_ _e\"></span>D. <span class=\"_ _1\"></span>General </div><div class=\"t_1 m0_1 xb6 h1f yfb ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">de Capital Humano en sustituci\u00f3n de D\u00aa Mar\u00eda Jos\u00e9 Zueras S<span class=\"_ _1\"></span>aludas.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h3_1 ybe1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(iii)<span class=\"ff2\"> <span class=\"_ _2c\"> </span></span>De <span class=\"_ _10\"></span>ac<span class=\"_ _6\"></span>uerdo <span class=\"_ _10\"></span>c<span class=\"_ _6\"></span>on <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>establecido <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Reglamento <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Co<span class=\"_ _6\"></span>nsejo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Administraci\u00f3n, <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>ef<span class=\"_ _6\"></span>ectos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>determinar </div><div class=\"t_1 m0_1 xb6 h1f yb0e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">quienes <span class=\"_ _e\"></span>forman parte <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Alta <span class=\"_ _1\"></span>Direcci\u00f3n, se<span class=\"_ _1\"></span> h<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>cidido in<span class=\"_ _1\"></span>cluir <span class=\"_ _1\"></span>a D\u00f1a. <span class=\"_ _e\"></span>Carla Moren\u00e9s <span class=\"_ _e\"></span>por su <span class=\"_ _1\"></span>dependencia <span class=\"_ _e\"></span>directa </div><div class=\"t_1 m0_1 xb6 h1f y8dd ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">de la Comisi\u00f3n de Auditor\u00eda. </div><div class=\"t_1 m0_1 x1f h8 y67e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Se <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>esglosan <span class=\"_ _17\"> </span>a <span class=\"_ _1c\"> </span>continuaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>las <span class=\"_ _17\"> </span>retribuciones<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>otras <span class=\"_ _1c\"> </span>prestaciones <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>alta <span class=\"_ _1c\"> </span>Direcci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _17\"> </span>excluid<span class=\"_ _6\"></span>a <span class=\"_ _17\"> </span>la </div><div class=\"t_1 m0_1 x1f h8 ya52 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">correspondiente al Presid<span class=\"_ _6\"></span>ente y Cons<span class=\"_ _6\"></span>ejero Delegado,<span class=\"_ _6\"></span> durante los<span class=\"_ _6\"></span> ejercicios 2024 <span class=\"_ _6\"></span>y 2023:<span class=\"_ _33\"> </span> </div></div>Miles \u20ac<span class=\"ff3\"> </span>202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Retribuci\u00f3n fija 2.075 1.931 Retribuci\u00f3n variable 1.155<span class=\"ls0_1\"> </span>1.126 Sistemas de ahorro (Nota 3.14) 93<span class=\"ls0_1\"> </span>102<span class=\"ls0_1\"> </span>Retribuci\u00f3n especie y otros 1<span class=\"ls9\">67</span> 129<span class=\"ls0_1\"> </span>ILP 2023-2027 Ciclo I (Nota 11) 159<span class=\"ls0_1\"> </span>- 3.649<span class=\"ls0_1\"> </span>3.288<span class=\"ls0_1\"> </span>La <span class=\"_ _6\"></span>alta <span class=\"_ _15\"></span>Direcci\u00f3n <span class=\"_ _15\"></span>es <span class=\"_ _6\"></span>ben<span class=\"_ _6\"></span>eficiaria <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>seguro <span class=\"_ _15\"></span>mixto <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>aho<span class=\"_ _6\"></span>rro <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>accidente<span class=\"_ _15\"></span><span class=\"ls37\">. <span class=\"_ _6\"></span></span>Por<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _15\"></span>ENCE ofrece <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>alta <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>irecci\u00f3n <span class=\"_ _11\"> </span>distinta<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>retribucion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>es<span class=\"_ _6\"></span>pecie; <span class=\"_ _11\"> </span>veh\u00edculo <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>empresa, <span class=\"_ _12\"> </span>seguro <span class=\"_ _12\"> </span>m\u00e9dico, <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>la posibilidad d<span class=\"_ _6\"></span>e realizar anualmente un recon<span class=\"_ _6\"></span>ocimiento m\u00e9dico. <span class=\"_ _15\"></span> Formando <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _6\"></span>retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _15\"></span>devengada, <span class=\"_ _15\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>Alta <span class=\"_ _6\"></span>Dir<span class=\"_ _6\"></span>ecci\u00f3n <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>sido <span class=\"_ _15\"></span>beneficiaria <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Ciclo <span class=\"_ _15\"></span>II <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Plan <span class=\"_ _15\"></span>de Incentivos <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>largo<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>plazo <span class=\"_ _0\"></span>ENCE <span class=\"_ _0\"></span>Energ\u00eda <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Celulosa, <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>eriodo <span class=\"_ _0\"></span>2019<span class=\"_ _6\"></span>-<span class=\"_ _6\"></span>2023 <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _0\"></span>Nota<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"lse\">11</span>). <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>el marco de dicho plan<span class=\"_ _6\"></span> ha percibid<span class=\"_ _6\"></span>o <span class=\"ff6\">75 miles \u20ac y 30 mi<span class=\"_ _6\"></span>les de acciones de E<span class=\"_ _6\"></span>NCE.<span class=\"_ _33\"> </span></span>Asimismo, <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Alta <span class=\"_ _15\"></span>Direcci\u00f3n <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>beneficiaria <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ciclos <span class=\"_ _10\"></span>I<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span><span class=\"lsf\">II <span class=\"_ _10\"></span><span class=\"ls1c\">y <span class=\"_ _15\"></span></span></span>III <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Plan <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>Incentiv<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>largo <span class=\"_ _10\"></span>plazo <span class=\"_ _10\"></span>ENCE Energ\u00eda <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>Celulos<span class=\"_ _6\"></span>a, <span class=\"_ _e\"></span>S.A. <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>periodo <span class=\"_ _e\"></span>2023<span class=\"_ _6\"></span>-2027 <span class=\"_ _e\"></span>(v\u00e9as<span class=\"_ _6\"></span>e <span class=\"_ _a\"></span>N<span class=\"_ _6\"></span>ota <span class=\"_ _1\"></span>11.2). <span class=\"_ _e\"></span>Considerand<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>grado <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>consecuci\u00f3n<span class=\"_ _6\"></span> de los objetivos<span class=\"_ _6\"></span> de los ciclos<span class=\"_ _6\"></span> I,<span class=\"_ _6\"></span> II y III<span class=\"_ _6\"></span> del plan de<span class=\"_ _6\"></span>l 100%, per<span class=\"_ _6\"></span>cibir\u00eda 9<span class=\"_ _6\"></span><span class=\"lse\">47</span> miles<span class=\"_ _6\"></span> de acciones d<span class=\"_ _6\"></span>e ENCE y 77 <span class=\"_ _6\"></span>miles<span class=\"_ _33\"> </span>\u20ac <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>e<span class=\"_ _6\"></span>fectivo <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>6 <span class=\"_ _15\"></span>corres<span class=\"_ _6\"></span>pondientes <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>ciclo <span class=\"_ _10\"></span>I <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>365 <span class=\"_ _10\"></span>miles <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>acciones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>28 <span class=\"_ _10\"></span>miles <span class=\"_ _15\"></span>\u20ac <span class=\"_ _10\"></span>en efectivo en los <span class=\"_ _6\"></span>a\u00f1o 2027 y 2028, <span class=\"_ _6\"></span>correspondientes a<span class=\"_ _6\"></span> l<span class=\"ls1d\">os</span> <span class=\"lsc\">ciclo<span class=\"_ _6\"></span></span>s <span class=\"lsf\">II</span> y III.  Por su parte, la <span class=\"_ _1\"></span>Alta Direcci\u00f3n encuadrada en el <span class=\"_ _1\"></span>Negocio Renovables es beneficiaria del Plan de <span class=\"_ _1\"></span>Incentivos a largo <span class=\"_ _18\"> </span>plazo <span class=\"_ _1e\"> </span>Grupo <span class=\"_ _18\"> </span>Magnon <span class=\"_ _1e\"> </span>para <span class=\"_ _18\"> </span>el <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>eriodo <span class=\"_ _18\"> </span>2021<span class=\"_ _6\"></span>-20<span class=\"_ _6\"></span>25 <span class=\"_ _18\"> </span>(v\u00e9as<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>Nota <span class=\"_ _1e\"> </span><span class=\"lse\">11</span>). <span class=\"_ _18\"> </span>Consideran<span class=\"_ _6\"></span>do <span class=\"_ _18\"> </span>u<span class=\"_ _6\"></span>n <span class=\"_ _18\"> </span>grado <span class=\"_ _1e\"> </span>de consecuci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>objetivos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>plan <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>100%, <span class=\"_ _15\"></span>percibir\u00eda <span class=\"_ _10\"></span><span class=\"lse\">650 <span class=\"_ _15\"></span></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac, <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>a\u00f1o <span class=\"_ _6\"></span>2026. <span class=\"_ _15\"></span>Igualmente, <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>Alta<span class=\"_ _6\"></span> </span>Direcci\u00f3n  es <span class=\"_ _12\"> </span>b<span class=\"_ _6\"></span>eneficiaria  de <span class=\"_ _12\"> </span>un  incentivo  e<span class=\"_ _1\"></span>xtraordinario  vinculado  al <span class=\"_ _12\"> </span>valor  del <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>egocio  que <span class=\"_ _12\"> </span>desarro<span class=\"_ _6\"></span>lla Magnon Green Energy, S.L. y <span class=\"_ _1\"></span>su<span class=\"_ _6\"></span>s filiales en 2028<span class=\"_ _1\"></span>. En caso de alcanzar el 100% del <span class=\"_ _1\"></span>objetivo previsto<span class=\"_ _15\"></span> en dicho incentivo, se percibir\u00edan<span class=\"_ _6\"></span> 2.450 miles \u20ac.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-594": {
   "value": "11.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Plan<span class=\"ls31\">es</span> de retribuc<span class=\"_ _1\"></span>i\u00f3n a largo plazo </span></span>Se <span class=\"_ _11\"> </span>detalla <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>contin<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>n\u00famero <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>beneficiarios <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>31/12/2024 <span class=\"_ _12\"> </span>as\u00ed <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>compromiso <span class=\"_ _12\"> </span>m\u00e1ximo, asumiendo un gra<span class=\"_ _6\"></span>do de cons<span class=\"_ _6\"></span>ecuci\u00f3n del 100%, de los <span class=\"_ _6\"></span>planes<span class=\"_ _6\"></span> de incentivos<span class=\"_ _6\"></span> a largo plazo<span class=\"_ _6\"></span> vigentes: Coste m\u00e1ximo (miles \u20ac)<span class=\"ff3\"> </span>ILP N\u00famero Beneficiarios Efectivo Acciones Total Negocio Celulosa- ILP 2023-<span class=\"ls9\">2027</span> (*) 84<span class=\"ls0_1\"> </span>2.365 12.387 14.751 Celulosa Moldeada 3 828<span class=\"ls0_1\"> </span>- 828<span class=\"ls0_1\"> </span>Negocio Renovables- ILP 2021-<span class=\"ls9\">2025</span> 24<span class=\"ls0_1\"> </span>2.726 - 2.726 Biog\u00e1s 3 894<span class=\"ls0_1\"> </span>- 894<span class=\"ls0_1\"> </span>Calor Industrial 2 557<span class=\"ls0_1\"> </span>- 557<span class=\"ls0_1\"> </span>116<span class=\"ls0_1\"> </span>7.370<span class=\"ls0_1\"> </span>12.387<span class=\"ls0_1\"> </span>19.756<span class=\"ls0_1\"> </span>(*) <span class=\"_ _2\"> </span>Se recogen los compromisos<span class=\"_ _6\"></span> vigentes al 31/12/202<span class=\"_ _6\"></span>4 asociado<span class=\"_ _6\"></span>s a los Ciclos<span class=\"_ _6\"></span> I y II del plan<span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>gasto devengado <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _1\"></span>de 2024 <span class=\"_ _e\"></span>y 2023 <span class=\"_ _e\"></span>corr<span class=\"_ _6\"></span>espond<span class=\"_ _6\"></span>iente <span class=\"_ _e\"></span>a los <span class=\"_ _1\"></span>distintos planes de <span class=\"_ _e\"></span>retr<span class=\"_ _6\"></span>ibuci\u00f3n, detallado consid<span class=\"_ _6\"></span>erando su contra<span class=\"_ _6\"></span>partida<span class=\"_ _6\"></span>, es el siguient<span class=\"_ _6\"></span>e:<span class=\"_ _33\"> </span>31/12/2024 31/12/2023 Miles de euros Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Gasto de personal (Nota 11) Provisiones a largo y corto plazo (Nota 31) Otros instrumentos de patrimonio neto (Nota 21.7) Negocio Celulosa-   <span class=\"ls0_1\">ILP 2019-<span class=\"ls9\">2023</span> </span>- - - (349) (105) (244)   <span class=\"ls0_1\">ILP 2023-<span class=\"ls9\">2027</span> </span>2.437 392<span class=\"ls0_1\"> </span>2.045 1.435 230<span class=\"ls0_1\"> </span>1.205   <span class=\"ls0_1\">Celulosa Moldeada </span>99<span class=\"ls0_1\"> </span>99<span class=\"ls0_1\"> </span>- - - - Negocio Renovables-   <span class=\"ls0_1\">Magnon <span class=\"ls9\">2021</span>-<span class=\"ls9\">2025</span> </span>301<span class=\"ls0_1\"> </span>301<span class=\"ls0_1\"> </span>- 37<span class=\"ls0_1\"> </span>37<span class=\"ls0_1\"> </span>-   <span class=\"ls0_1\">Biometano </span>139<span class=\"ls0_1\"> </span>139<span class=\"ls0_1\"> </span>- - - -   <span class=\"ls0_1\">Calor Industrial </span>45<span class=\"ls0_1\"> </span>45<span class=\"ls0_1\"> </span>- - - - 3.02<span class=\"ls0_1\">1 </span>975<span class=\"ls0_1\"> </span>2.045<span class=\"ls0_1\"> </span>1.123<span class=\"ls0_1\"> </span>162<span class=\"ls0_1\"> </span>961<span class=\"ls0_1\"> </span>Plan de ince<span class=\"_ _6\"></span>ntivo a largo plazo para e<span class=\"_ _6\"></span>l periodo 2023<span class=\"_ _6\"></span>-<span class=\"lse\">2027</span> El <span class=\"_ _6\"></span>5 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>mayo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Junta <span class=\"_ _6\"></span>Gene<span class=\"_ _6\"></span>ral <span class=\"_ _6\"></span>Ordinaria <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>Accionistas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _6\"></span>Domin<span class=\"_ _6\"></span>ante <span class=\"_ _10\"></span><span class=\"ff6\">aprob\u00f3 <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>\u201cPlan<span class=\"_ _6\"></span> </span>de incentivo<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>largo <span class=\"_ _6\"></span>plazo<span class=\"_ _6\"></span> 202<span class=\"_ _6\"></span>3-<span class=\"ff6\">2027\u201d</span> <span class=\"_ _6\"></span>dirigido a<span class=\"_ _6\"></span> d<span class=\"_ _6\"></span>irectivos, <span class=\"_ _6\"></span>incluido <span class=\"_ _6\"></span>el Pr<span class=\"_ _6\"></span>esidente y<span class=\"_ _6\"></span> Cons<span class=\"_ _6\"></span>ejero D<span class=\"_ _6\"></span>elegado d<span class=\"_ _6\"></span>e la Sociedad, y otro<span class=\"_ _6\"></span>s empleados d<span class=\"_ _6\"></span>el Grupo Ence (el \u201cPlan\u201d). <span class=\"_ _6\"></span><span class=\"ff4\"> </span>El Plan tiene un<span class=\"_ _6\"></span>a duraci\u00f3n d<span class=\"_ _6\"></span>e 5 a\u00f1os<span class=\"_ _6\"></span>, esto es, d<span class=\"_ _6\"></span>esde el 1/1/2023 hasta<span class=\"_ _6\"></span> el 31/12/2027<span class=\"_ _6\"></span> y se div<span class=\"_ _6\"></span>id<span class=\"_ _6\"></span>e en 3 ci<span class=\"_ _6\"></span>clos anuales <span class=\"_ _11\"></span>solapados <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>3 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _0\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>un<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>ellos<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>dependientes <span class=\"_ _0\"></span>entre <span class=\"_ _11\"></span>s\u00ed, <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>idar\u00e1<span class=\"_ _6\"></span>n dentro <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>90 <span class=\"_ _1\"></span>d\u00edas <span class=\"_ _e\"></span>siguientes <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>\u00faltimo <span class=\"_ _e\"></span>a\u00f1o <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cada <span class=\"_ _e\"></span>ciclo<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _e\"></span><span class=\"ls0_1\"> <span class=\"_ _e\"></span>El <span class=\"_ _1\"></span>ciclo <span class=\"_ _e\"></span>I <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Plan <span class=\"_ _e\"></span>representa <span class=\"_ _e\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _e\"></span>60% <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>incentivo </span></span>total y los ciclos<span class=\"_ _6\"></span> II y III representan u<span class=\"_ _6\"></span>n 20% cada uno<span class=\"_ _6\"></span> del incentivo total.<span class=\"_ _33\"> </span>El <span class=\"_ _6\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>estar\u00e1<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>condicion<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>cumplimie<span class=\"_ _6\"></span>nto <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>determinados <span class=\"_ _15\"></span>objetivos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financieros, <span class=\"_ _15\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"_ _12\"> </span>valo<span class=\"_ _6\"></span>r  para  el <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista,  aprobados  por  el  Consejo  de <span class=\"_ _12\"> </span>Administraci\u00f3n<span class=\"_ _6\"></span>  a propuesta d<span class=\"_ _6\"></span>e la Comisi\u00f3n de Nombra<span class=\"_ _6\"></span>mientos y Retribu<span class=\"_ _6\"></span>ciones<span class=\"_ _6\"></span>.  El incentivo considerado en este Plan consiste en <span class=\"_ _1\"></span>un % de la <span class=\"_ _1\"></span>retribuci\u00f3n fija al inicio del periodo que abarca cada <span class=\"_ _6\"></span>ciclo <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>funci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>ca<span class=\"_ _6\"></span>tegor\u00eda <span class=\"_ _6\"></span>prof<span class=\"_ _6\"></span>esional <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>bene<span class=\"_ _6\"></span>ficiario, <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>liquida <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>70% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un 30% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>efectivo, <span class=\"_ _10\"></span>excepto <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mie<span class=\"_ _6\"></span>mbros <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Comit\u00e9 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Dire<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _15\"></span>cuya <span class=\"_ _10\"></span>liquidaci\u00f3n <span class=\"_ _15\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>100% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>acciones. <span class=\"_ _11\"></span>El Presidente y <span class=\"_ _e\"></span>Con<span class=\"_ _6\"></span>sejero Delegado y <span class=\"_ _e\"></span>el resto <span class=\"_ _1\"></span>de los <span class=\"_ _e\"></span>miembros del Comit\u00e9 <span class=\"_ _e\"></span>de Direcci\u00f3n asumen <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>eterminados compromisos de mantenim<span class=\"_ _6\"></span>iento d<span class=\"_ _6\"></span>e las acciones recibidas<span class=\"_ _6\"></span>.  El <span class=\"_ _6\"></span>n\u00famero <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>acciones <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>entregar <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>determinar\u00e1 <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>precio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>referencia <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>acci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de ENCE <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>cotizaci\u00f3n <span class=\"_ _6\"></span>media <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>20 <span class=\"_ _6\"></span>d\u00edas <span class=\"_ _6\"></span>anteriores <span class=\"_ _6\"></span>y p<span class=\"_ _6\"></span>osteriores <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e ca<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>inicio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ciclo. El <span class=\"_ _10\"></span>precio <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>referencia <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>considerar <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>tres <span class=\"_ _0\"></span><span class=\"lsc\">ciclo</span>s <span class=\"_ _10\"></span><span class=\"ff6\">es <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>3,24 <span class=\"_ _10\"></span>\u20ac<span class=\"_ _6\"></span>/acci\u00f3n</span>, <span class=\"_ _0\"></span><span class=\"ff6\">2,86 <span class=\"_ _10\"></span>\u20ac/acci\u00f3<span class=\"_ _6\"></span>n, <span class=\"_ _0\"></span></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>3,1 <span class=\"_ _10\"></span><span class=\"ff6\">\u20ac/acci\u00f3n</span><span class=\"ls10\">, </span>respectivamente. Los <span class=\"_ _0\"></span>beneficiarios <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _10\"></span>plan<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>tres <span class=\"_ _10\"></span>ciclos <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>lo <span class=\"_ _0\"></span>forman <span class=\"_ _0\"></span><span class=\"lse\">83</span>, <span class=\"_ _0\"></span><span class=\"lse\">84 <span class=\"_ _0\"></span></span>y <span class=\"_ _0\"></span>84 <span class=\"_ _0\"></span>personas<span class=\"ls20\">, </span>respectivamente,  integradas  en  el  negocio  Celulosa  y  Corporativo,  y  el <span class=\"_ _12\"> </span>coste  m\u00e1ximo  previsto  en  su conjunto,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cons<span class=\"_ _6\"></span>iderando <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>grado <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>consecuci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>100%<span class=\"_ _15\"></span>, <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>ciende <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>aproximadament<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>18,5 <span class=\"_ _15\"></span>millon<span class=\"ff6\">es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>\u20ac</span> (3,0 millones <span class=\"ff6\">\u20ac en ef<span class=\"_ _6\"></span>ectivo y </span>5,1 <span class=\"_ _6\"></span>millones de acciones)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> Otros planes de retribuc<span class=\"_ _6\"></span>i\u00f3n a la<span class=\"_ _6\"></span>rgo plazo <span class=\"_ _6\"></span><span class=\"ls32\">y </span>otros comp<span class=\"_ _6\"></span>romisos El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>aprobado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>tres <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lanes <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>incentiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>largo <span class=\"_ _15\"></span>plazo <span class=\"_ _15\"></span>dirigidos <span class=\"_ _15\"></span>a <span class=\"_ _0\"></span>determinados <span class=\"_ _15\"></span>empleados<span class=\"_ _6\"></span> clave ligados a l<span class=\"ls1d\">os</span> <span class=\"_ _1\"></span>negocios Celulosa Moldeada<span class=\"_ _6\"></span>, Biog\u00e1s y Calor Industrial. Los planes tienen una d<span class=\"_ _1\"></span>uraci\u00f3n de<span class=\"_ _33\"> </span>4<span class=\"ls10\">,5</span> <span class=\"_ _11\"></span>a\u00f1os, <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>liquidan <span class=\"_ _11\"> </span>en <span class=\"_ _11\"></span>efectivo, <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>su <span class=\"_ _11\"></span>consecuci\u00f3n <span class=\"_ _11\"></span>est\u00e1 <span class=\"_ _11\"> </span>condicionad<span class=\"_ _6\"></span>a <span class=\"_ _11\"> </span>al <span class=\"_ _11\"></span>cumplimiento <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>serie <span class=\"_ _11\"></span>de<span class=\"_ _1\"></span> objetivos ligado<span class=\"_ _6\"></span>s al desarrollo de<span class=\"_ _6\"></span> dichos<span class=\"_ _6\"></span> negocios. Adicionalmente, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>ap<span class=\"_ _6\"></span>rob\u00f3 <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>2021 <span class=\"_ _11\"> </span>un<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>lan <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>incentivo <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>largo <span class=\"_ _12\"> </span>plazo <span class=\"_ _12\"> </span>dirigido <span class=\"_ _12\"> </span>a  determinados<span class=\"_ _6\"></span> empleados <span class=\"_ _11\"></span>clave <span class=\"_ _0\"></span>ligad<span class=\"_ _6\"></span>os <span class=\"_ _11\"></span>al <span class=\"_ _11\"></span>negocio <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>Renovab<span class=\"_ _6\"></span>les. <span class=\"_ _11\"></span>El <span class=\"_ _0\"></span>plan <span class=\"_ _11\"> </span>tiene <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _11\"></span>duraci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>5 <span class=\"_ _11\"> </span>a\u00f1os, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>liqu<span class=\"_ _6\"></span>ida <span class=\"_ _0\"></span>en efectivo <span class=\"_ _18\"> </span>y<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>as\u00ed <span class=\"_ _1e\"> </span>mismo <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>consecuci\u00f3n <span class=\"_ _1e\"> </span>est\u00e1 <span class=\"_ _1e\"> </span>condicionada <span class=\"_ _1e\"> </span>al <span class=\"_ _18\"> </span>cu<span class=\"_ _6\"></span>mplimiento <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>determinados <span class=\"_ _1e\"> </span>objetivos<span class=\"_ _6\"></span> financieros y n<span class=\"_ _6\"></span>o financieros. De <span class=\"_ _15\"></span>acu<span class=\"_ _6\"></span>erdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>previsto <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>Plan <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>incentivo <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>largo <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>Celulosa, <span class=\"_ _10\"></span>S.A.<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>para <span class=\"_ _10\"></span>el periodo <span class=\"_ _6\"></span>2019-2<span class=\"_ _6\"></span>023, <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>julio <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rocedido <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>liquidaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Ciclo <span class=\"_ _6\"></span>II <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>citado <span class=\"_ _15\"></span>Plan, <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>ha supuesto la<span class=\"_ _6\"></span> liquidaci\u00f3n, despu\u00e9s de impuestos<span class=\"_ _15\"></span>, <span class=\"ff6\">de 236 miles \u20ac y<span class=\"_ _6\"></span> 95 miles acciones de ENC<span class=\"_ _6\"></span>E.<span class=\"_ _6\"></span></span> El <span class=\"_ _10\"></span>24 <span class=\"_ _15\"></span>de <span class=\"_ _0\"></span>marzo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>20<span class=\"_ _6\"></span>22 <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Consejo <span class=\"_ _0\"></span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>Magnon<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Green <span class=\"_ _10\"></span>Energy, <span class=\"_ _10\"></span>S.L., <span class=\"_ _10\"></span>apro<span class=\"_ _6\"></span>b\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _10\"></span>incentivo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a largo plazo dirigido a determinados empleados clave de la S<span class=\"_ _1\"></span>ociedad. El incentivo permite a los benef<span class=\"_ _1\"></span>iciarios percibir <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _6\"></span>extraordinar<span class=\"_ _6\"></span>ia <span class=\"_ _6\"></span>pagadera <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>met\u00e1lico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vinculada <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>rentabilidad <span class=\"_ _6\"></span>obtenida <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>los<span class=\"_ _33\"> </span>accionistas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>el 18 d<span class=\"_ _6\"></span>e diciembre de <span class=\"_ _6\"></span>2020 <span class=\"_ _6\"></span>y el <span class=\"_ _6\"></span>18 de <span class=\"_ _6\"></span>diciembre d<span class=\"_ _6\"></span>e 2028.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Son <span class=\"_ _6\"></span>requisitos<span class=\"_ _6\"></span> para s<span class=\"_ _6\"></span>u d<span class=\"_ _6\"></span>evengo la <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span>secuci\u00f3n  de <span class=\"_ _11\"> </span>una  tasa <span class=\"_ _12\"> </span>interna <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>rentab<span class=\"_ _6\"></span>ilidad <span class=\"_ _12\"> </span>(TIR)  m<span class=\"_ _1\"></span>\u00ednima <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ara  e<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>accion<span class=\"_ _6\"></span>ista <span class=\"_ _12\"> </span>del  10%,  y <span class=\"_ _12\"> </span>que  e<span class=\"_ _1\"></span>l beneficiario  mantenga  una  relaci\u00f3n  laboral  o  mercantil  con  Magnon  hasta  la <span class=\"_ _1a\"> </span>fecha  de <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>ago,  con  las salvedades h<span class=\"_ _1\"></span>abituales <span class=\"_ _e\"></span>para est<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>incentivos<span class=\"_ _6\"></span>. <span class=\"_ _1\"></span>El <span class=\"_ _e\"></span>colectivo <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>plan <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de 2024<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>lo <span class=\"_ _1\"></span>forman 5 personas<span class=\"_ _6\"></span>, y el <span class=\"_ _6\"></span>coste m\u00e1ximo <span class=\"_ _6\"></span>previsto, <span class=\"_ _6\"></span>considerando <span class=\"_ _6\"></span>un grado d<span class=\"_ _6\"></span>e consecuci\u00f3n <span class=\"_ _6\"></span>del 100%, <span class=\"_ _6\"></span>asciende a <span class=\"_ _6\"></span>4.938 miles \u20ac.<span class=\"_ _33\"> </span>33.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Retribuci\u00f3n de<span class=\"_ _1\"></span> la Alta Direcci\u00f3n<span class=\"_ _1\"></span>  </span></span>\u00danicamente <span class=\"_ _11\"> </span>tienen <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>cons<span class=\"_ _6\"></span>ideraci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>alta <span class=\"_ _11\"> </span>direcci\u00f3n <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>irectores <span class=\"_ _11\"> </span>generales <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>tienen <span class=\"_ _12\"> </span>dependencia directa del Presidente y Cons<span class=\"_ _6\"></span>ejero Delegado o del Con<span class=\"_ _6\"></span>sejo de Ad<span class=\"_ _6\"></span>ministraci\u00f3n, los<span class=\"_ _6\"></span> directores que depend<span class=\"_ _6\"></span>en<span class=\"_ _33\"> </span>directamente del Consejo d<span class=\"_ _6\"></span>e Administra<span class=\"_ _6\"></span>ci\u00f3n o bien de algun<span class=\"_ _6\"></span>a de sus<span class=\"_ _6\"></span> Comisiones, y cu<span class=\"_ _6\"></span>alquier otro directivo<span class=\"_ _6\"></span> a <span class=\"_ _11\"> </span>quien <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>Consejo <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>reconozca <span class=\"_ _12\"> </span>tal <span class=\"_ _11\"> </span>condici\u00f3n.<span class=\"_ _15\"></span> <span class=\"_ _11\"> </span>Su <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>etalle <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>30 <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>junio <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>2024 <span class=\"_ _11\"> </span>es <span class=\"_ _12\"> </span>el siguiente:  Nombre  Cargo D. Ignacio de Colmenares y Brunet Presidente y Consejero Delegado D. Alfredo Avello de la Pe\u00f1a D. General Finanzas y Desarrollo Corporativo D. Jordi Aguil\u00f3 Jubierre D. General Celulosa D. Guillermo Negro Maguregui D. General Magnon Green Energy, S.L.  D\u00aa Reyes Cerezo Rodr\u00edguez-Sedano Secretaria General/D. General Corporativa de Sostenibilidad y Regulaci\u00f3n D\u00aa Isabel Vallejo de la Fuente D. General Corporativa Capital Humano D. Modesto Saiz Su\u00e1rez  D. Comercial y Log\u00edstica Celulosa D. Fernando Gonz\u00e1lez-Palacios Carbajo D. Planificaci\u00f3n y Control D\u00aa Carla Moren\u00e9s Basabe D<span class=\"ls8\">. </span>\u00c9tica y Cumplimiento D. \u00c1ngel J. Mosquera L\u00f3pez-Leyton D. Auditor\u00eda Interna (i)<span class=\"ff2\"> <span class=\"_ _2b\"> </span></span>Con <span class=\"_ _6\"></span>efectos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>partir <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>enero <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>incorpora <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>alta <span class=\"_ _6\"></span>Direcci\u00f3n <span class=\"_ _6\"></span>co<span class=\"_ _6\"></span>mo <span class=\"_ _6\"></span>D. <span class=\"_ _6\"></span>General <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Magnon <span class=\"_ _6\"></span>Green Energy, <span class=\"_ _6\"></span>S.L. <span class=\"_ _15\"></span>(hoding <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>Negocio <span class=\"_ _10\"></span>Energ\u00eda <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE) <span class=\"_ _6\"></span>D. <span class=\"_ _15\"></span>G<span class=\"_ _6\"></span>uillermo <span class=\"_ _6\"></span>N<span class=\"_ _6\"></span>egro <span class=\"_ _6\"></span>Mag<span class=\"_ _6\"></span>uregui, <span class=\"_ _10\"></span>dejando <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>formar <span class=\"_ _15\"></span>parte. <span class=\"_ _15\"></span>D. Marc G\u00f3mez Ferret. (ii)<span class=\"ff2\"> <span class=\"_ _1f\"> </span></span>Con <span class=\"_ _1\"></span>fecha <span class=\"_ _e\"></span>15 de <span class=\"_ _a\"></span>mayo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>2023 D\u00aa<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>Isabel <span class=\"_ _e\"></span>V<span class=\"_ _6\"></span>allejo <span class=\"_ _e\"></span>de l<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Fuente <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>ha <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>corporado <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>la alta<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>Direcci\u00f3n como <span class=\"_ _e\"></span>D. <span class=\"_ _1\"></span>General de Capital Humano en sustituci\u00f3n de D\u00aa Mar\u00eda Jos\u00e9 Zueras S<span class=\"_ _1\"></span>aludas.<span class=\"_ _6\"></span> (iii)<span class=\"ff2\"> <span class=\"_ _2c\"> </span></span>De <span class=\"_ _10\"></span>ac<span class=\"_ _6\"></span>uerdo <span class=\"_ _10\"></span>c<span class=\"_ _6\"></span>on <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>establecido <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Reglamento <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>Co<span class=\"_ _6\"></span>nsejo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Administraci\u00f3n, <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>ef<span class=\"_ _6\"></span>ectos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>determinar quienes <span class=\"_ _e\"></span>forman parte <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Alta <span class=\"_ _1\"></span>Direcci\u00f3n, se<span class=\"_ _1\"></span> h<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>cidido in<span class=\"_ _1\"></span>cluir <span class=\"_ _1\"></span>a D\u00f1a. <span class=\"_ _e\"></span>Carla Moren\u00e9s <span class=\"_ _e\"></span>por su <span class=\"_ _1\"></span>dependencia <span class=\"_ _e\"></span>directa de la Comisi\u00f3n de Auditor\u00eda. Se <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>esglosan <span class=\"_ _17\"> </span>a <span class=\"_ _1c\"> </span>continuaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>las <span class=\"_ _17\"> </span>retribuciones<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>y <span class=\"_ _17\"> </span>otras <span class=\"_ _1c\"> </span>prestaciones <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>la <span class=\"_ _17\"> </span>alta <span class=\"_ _1c\"> </span>Direcci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _17\"> </span>excluid<span class=\"_ _6\"></span>a <span class=\"_ _17\"> </span>la correspondiente al Presid<span class=\"_ _6\"></span>ente y Cons<span class=\"_ _6\"></span>ejero Delegado,<span class=\"_ _6\"></span> durante los<span class=\"_ _6\"></span> ejercicios 2024 <span class=\"_ _6\"></span>y 2023:<span class=\"_ _33\"> </span>Miles \u20ac<span class=\"ff3\"> </span>202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Retribuci\u00f3n fija 2.075 1.931 Retribuci\u00f3n variable 1.155<span class=\"ls0_1\"> </span>1.126 Sistemas de ahorro (Nota 3.14) 93<span class=\"ls0_1\"> </span>102<span class=\"ls0_1\"> </span>Retribuci\u00f3n especie y otros 1<span class=\"ls9\">67</span> 129<span class=\"ls0_1\"> </span>ILP 2023-2027 Ciclo I (Nota 11) 159<span class=\"ls0_1\"> </span>- 3.649<span class=\"ls0_1\"> </span>3.288<span class=\"ls0_1\"> </span>La <span class=\"_ _6\"></span>alta <span class=\"_ _15\"></span>Direcci\u00f3n <span class=\"_ _15\"></span>es <span class=\"_ _6\"></span>ben<span class=\"_ _6\"></span>eficiaria <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>un <span class=\"_ _15\"></span>seguro <span class=\"_ _15\"></span>mixto <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>aho<span class=\"_ _6\"></span>rro <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>vida <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>accidente<span class=\"_ _15\"></span><span class=\"ls37\">. <span class=\"_ _6\"></span></span>Por<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _15\"></span>ENCE ofrece <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>alta <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>irecci\u00f3n <span class=\"_ _11\"> </span>distinta<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>retribucion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>es<span class=\"_ _6\"></span>pecie; <span class=\"_ _11\"> </span>veh\u00edculo <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>empresa, <span class=\"_ _12\"> </span>seguro <span class=\"_ _12\"> </span>m\u00e9dico, <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>la posibilidad d<span class=\"_ _6\"></span>e realizar anualmente un recon<span class=\"_ _6\"></span>ocimiento m\u00e9dico. <span class=\"_ _15\"></span> Formando <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _6\"></span>retrib<span class=\"_ _6\"></span>uci\u00f3n <span class=\"_ _15\"></span>devengada, <span class=\"_ _15\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>Alta <span class=\"_ _6\"></span>Dir<span class=\"_ _6\"></span>ecci\u00f3n <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>sido <span class=\"_ _15\"></span>beneficiaria <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Ciclo <span class=\"_ _15\"></span>II <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Plan <span class=\"_ _15\"></span>de Incentivos <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>largo<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>plazo <span class=\"_ _0\"></span>ENCE <span class=\"_ _0\"></span>Energ\u00eda <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Celulosa, <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _0\"></span>el <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>eriodo <span class=\"_ _0\"></span>2019<span class=\"_ _6\"></span>-<span class=\"_ _6\"></span>2023 <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _0\"></span>Nota<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"lse\">11</span>). <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>el marco de dicho plan<span class=\"_ _6\"></span> ha percibid<span class=\"_ _6\"></span>o <span class=\"ff6\">75 miles \u20ac y 30 mi<span class=\"_ _6\"></span>les de acciones de E<span class=\"_ _6\"></span>NCE.<span class=\"_ _33\"> </span></span>Asimismo, <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Alta <span class=\"_ _15\"></span>Direcci\u00f3n <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>beneficiaria <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ciclos <span class=\"_ _10\"></span>I<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span><span class=\"lsf\">II <span class=\"_ _10\"></span><span class=\"ls1c\">y <span class=\"_ _15\"></span></span></span>III <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Plan <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>Incentiv<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>largo <span class=\"_ _10\"></span>plazo <span class=\"_ _10\"></span>ENCE Energ\u00eda <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>Celulos<span class=\"_ _6\"></span>a, <span class=\"_ _e\"></span>S.A. <span class=\"_ _e\"></span>para <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>periodo <span class=\"_ _e\"></span>2023<span class=\"_ _6\"></span>-2027 <span class=\"_ _e\"></span>(v\u00e9as<span class=\"_ _6\"></span>e <span class=\"_ _a\"></span>N<span class=\"_ _6\"></span>ota <span class=\"_ _1\"></span>11.2). <span class=\"_ _e\"></span>Considerand<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>grado <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>consecuci\u00f3n<span class=\"_ _6\"></span> de los objetivos<span class=\"_ _6\"></span> de los ciclos<span class=\"_ _6\"></span> I,<span class=\"_ _6\"></span> II y III<span class=\"_ _6\"></span> del plan de<span class=\"_ _6\"></span>l 100%, per<span class=\"_ _6\"></span>cibir\u00eda 9<span class=\"_ _6\"></span><span class=\"lse\">47</span> miles<span class=\"_ _6\"></span> de acciones d<span class=\"_ _6\"></span>e ENCE y 77 <span class=\"_ _6\"></span>miles<span class=\"_ _33\"> </span>\u20ac <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>e<span class=\"_ _6\"></span>fectivo <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>6 <span class=\"_ _15\"></span>corres<span class=\"_ _6\"></span>pondientes <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>ciclo <span class=\"_ _10\"></span>I <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>365 <span class=\"_ _10\"></span>miles <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>acciones <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>28 <span class=\"_ _10\"></span>miles <span class=\"_ _15\"></span>\u20ac <span class=\"_ _10\"></span>en efectivo en los <span class=\"_ _6\"></span>a\u00f1o 2027 y 2028, <span class=\"_ _6\"></span>correspondientes a<span class=\"_ _6\"></span> l<span class=\"ls1d\">os</span> <span class=\"lsc\">ciclo<span class=\"_ _6\"></span></span>s <span class=\"lsf\">II</span> y III.  Por su parte, la <span class=\"_ _1\"></span>Alta Direcci\u00f3n encuadrada en el <span class=\"_ _1\"></span>Negocio Renovables es beneficiaria del Plan de <span class=\"_ _1\"></span>Incentivos a largo <span class=\"_ _18\"> </span>plazo <span class=\"_ _1e\"> </span>Grupo <span class=\"_ _18\"> </span>Magnon <span class=\"_ _1e\"> </span>para <span class=\"_ _18\"> </span>el <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>eriodo <span class=\"_ _18\"> </span>2021<span class=\"_ _6\"></span>-20<span class=\"_ _6\"></span>25 <span class=\"_ _18\"> </span>(v\u00e9as<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>Nota <span class=\"_ _1e\"> </span><span class=\"lse\">11</span>). <span class=\"_ _18\"> </span>Consideran<span class=\"_ _6\"></span>do <span class=\"_ _18\"> </span>u<span class=\"_ _6\"></span>n <span class=\"_ _18\"> </span>grado <span class=\"_ _1e\"> </span>de consecuci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>objetivos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>plan <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>100%, <span class=\"_ _15\"></span>percibir\u00eda <span class=\"_ _10\"></span><span class=\"lse\">650 <span class=\"_ _15\"></span></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac, <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>a\u00f1o <span class=\"_ _6\"></span>2026. <span class=\"_ _15\"></span>Igualmente, <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>Alta<span class=\"_ _6\"></span> </span>Direcci\u00f3n  es <span class=\"_ _12\"> </span>b<span class=\"_ _6\"></span>eneficiaria  de <span class=\"_ _12\"> </span>un  incentivo  e<span class=\"_ _1\"></span>xtraordinario  vinculado  al <span class=\"_ _12\"> </span>valor  del <span class=\"_ _12\"> </span>n<span class=\"_ _6\"></span>egocio  que <span class=\"_ _12\"> </span>desarro<span class=\"_ _6\"></span>lla Magnon Green Energy, S.L. y <span class=\"_ _1\"></span>su<span class=\"_ _6\"></span>s filiales en 2028<span class=\"_ _1\"></span>. En caso de alcanzar el 100% del <span class=\"_ _1\"></span>objetivo previsto<span class=\"_ _15\"></span> en dicho incentivo, se percibir\u00edan<span class=\"_ _6\"></span> 2.450 miles \u20ac.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-595": {
   "value": "12.<span class=\"ff5 ls0_1\"> <span class=\"_ _26\"> </span><span class=\"ff3\">Otros gastos de explotaci\u00f3n </span></span>El detalle <span class=\"_ _e\"></span>de este e<span class=\"_ _1\"></span>p\u00edgrafe del Estado <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e Re<span class=\"_ _1\"></span>sultado consolidado de <span class=\"_ _1\"></span>los ejercicios 2024 <span class=\"_ _1\"></span>y 2023 <span class=\"_ _1\"></span>en los <span class=\"_ _1\"></span>distintos negocios desarrollad<span class=\"_ _6\"></span>os por ENCE es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _6\"></span> 31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo Consolidado Negocio Celulosa Negocio Renovables Grupo Consolidado Servicios exteriores   <span class=\"ls0_1\">118.862    </span>  <span class=\"ls0_1\">61.900    </span>  <span class=\"ls0_1\">179.479    </span>147.288 66.894 212.962 Consumo derechos de emisi\u00f3n (Nota 31)   <span class=\"ls0_1\">9.158    </span>  <span class=\"ls0_1\">2.636    </span>  <span class=\"ls0_1\">11.794    </span>8.344 3.288 11.632 Tributos    <span class=\"ls9\">4.808</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">12.601</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">17.409</span>   <span class=\"ls0_1\"> </span>2.993 2.021 5.014 Variaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>provisiones <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>tr\u00e1fico <span class=\"_ _0\"></span>y otros   <span class=\"ls9\">637   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">2.552    </span>  <span class=\"ls0_1\">3.189    </span>(511) 126<span class=\"ls0_1\"> </span>(385) Otros gastos no ordinarios de las operaciones   <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">719   <span class=\"ls0_1\"> </span></span>619<span class=\"ls0_1\"> </span>409<span class=\"ls0_1\"> </span>1.028   <span class=\"ls9\">134.184   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">79.689   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">212.590   <span class=\"ls0_1\"> </span></span>158.733<span class=\"ls0_1\"> </span>72.738<span class=\"ls0_1\"> </span>230.251<span class=\"_ _33\"> </span>(*) <span class=\"_ _27\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _15\"></span>entre <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGru<span class=\"_ _6\"></span>po <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span>negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _15\"></span>Renovable\u201d <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>co<span class=\"_ _6\"></span>rresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _15\"></span>entre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. El <span class=\"_ _e\"></span>Real <span class=\"_ _1\"></span>Decreto <span class=\"_ _1\"></span>8/2023 <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>el<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>adoptan me<span class=\"_ _1\"></span>didas <span class=\"_ _1\"></span>para afrontar <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>secuencias <span class=\"_ _1\"></span>econ\u00f3micas y <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>ociales derivadas <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _11\"></span>conflictos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>Ucrania <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>Oriente <span class=\"_ _0\"></span>Pr\u00f3xi<span class=\"_ _6\"></span>mo, <span class=\"_ _11\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _0\"></span>paliar <span class=\"_ _11\"> </span>los <span class=\"_ _11\"></span>efectos <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>sequ\u00eda, aprobado el 27 de diciembre, <span class=\"_ _6\"></span>recupera el Impuesto al Valor de la Producci\u00f3n de Energ\u00eda El\u00e9ctrica<span class=\"_ _6\"></span> desd<span class=\"_ _6\"></span>e el 1 de enero de 2024 y d<span class=\"_ _6\"></span>e forma <span class=\"_ _6\"></span>progresiva<span class=\"_ _6\"></span>, quedand<span class=\"_ _6\"></span>o fijado en el <span class=\"_ _6\"></span>definitivo 7<span class=\"_ _6\"></span>% a partir del <span class=\"_ _6\"></span>1 de julio de 202<span class=\"_ _6\"></span>4. El coste asociad<span class=\"_ _6\"></span>o a este impuesto se recoge en e<span class=\"_ _6\"></span>l ep\u00edgrafe \u201cTribu<span class=\"_ _6\"></span>tos\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>12.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Servicios exteriore<span class=\"_ _e\"></span>s </span></span>El desglose por <span class=\"_ _6\"></span>conceptos del gasto d<span class=\"_ _6\"></span>e servicios exteriores de los<span class=\"_ _6\"></span> ejercicios 202<span class=\"_ _6\"></span>4 y 2023 <span class=\"_ _6\"></span>es el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/<span class=\"ls9\">12</span>/2023 Miles de euros Negocio Celulosa Negocio Renovables Grupo consolidado Negocio Celulosa Negocio Renovables Grupo consolidado Transportes, fletes y costes comerciales   <span class=\"ls0_1\">45.822    </span>  <span class=\"ls0_1\">5.590    </span>  <span class=\"ls0_1\">51.412    </span>62.555 3.262 65.817 Suministros   <span class=\"ls0_1\">15.786    </span>  <span class=\"ls0_1\">3.858    </span>  <span class=\"ls0_1\">19.454    </span>12.177 5.147 17.134 Reparaciones y conservaci\u00f3n   <span class=\"ls0_1\">15.001    </span>  <span class=\"ls0_1\">19.534    </span>  <span class=\"ls0_1\">34.535    </span>16.926 22.225 39.151 Servicios de profesionales independientes   <span class=\"ls0_1\">5.378    </span>  <span class=\"ls0_1\">1.748    </span>  <span class=\"ls0_1\">7.126    </span>5.531 2.152 7.683 Primas de seguros   <span class=\"ls0_1\">4.540    </span>  <span class=\"ls0_1\">3.278    </span>  <span class=\"ls0_1\">7.818    </span>4.931 3.712 8.643 Servicios bancarios y similares   <span class=\"ls0_1\">1.748    </span>  <span class=\"ls0_1\">1.179    </span>  <span class=\"ls0_1\">2.922    </span>2.334 669<span class=\"ls0_1\"> </span>3.003 Arrendamientos y c\u00e1nones (Nota 17)   <span class=\"ls9\">542   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">292   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">834   <span class=\"ls0_1\"> </span></span>678<span class=\"ls0_1\"> </span>264<span class=\"ls0_1\"> </span>942<span class=\"ls0_1\"> </span>Publicidad, propaganda y relaciones p\u00fablicas    <span class=\"ls0_1\">3.741    </span>  <span class=\"ls9\">179   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">3.919    </span>3.812 158<span class=\"ls0_1\"> </span>3.970 Gastos de investigaci\u00f3n y desarrollo   <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">100   <span class=\"ls0_1\"> </span></span>155<span class=\"ls0_1\"> </span>7 162<span class=\"ls0_1\"> </span>Otros servicios   <span class=\"ls0_1\">26.204    </span>  <span class=\"ls0_1\">26.242    </span>  <span class=\"ls0_1\">51.359    </span>38.189 29.298 66.457   <span class=\"ls9\">118.862   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">61.900   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">179.479   <span class=\"ls0_1\"> </span></span>147.288<span class=\"ls0_1\"> </span>66.894<span class=\"ls0_1\"> </span>212.962<span class=\"ls0_1\"> </span>(*) <span class=\"_ _1e\"> </span><span class=\"ff6\">La <span class=\"_ _15\"></span>diferencia <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>ntre <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>informaci\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>\u201cGrupo <span class=\"_ _15\"></span>Consolidado\u201d <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024 <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>agregaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los </span>negocios <span class=\"_ _6\"></span>\u201cCelulosa\u201d <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>\u201cEnerg\u00eda <span class=\"_ _6\"></span>Renovable\u201d <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>corresponde <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>eliminaciones de <span class=\"_ _15\"></span>operaciones <span class=\"_ _6\"></span>efectuadas <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>dichos negocios en 2024 y 2023 po<span class=\"ls30\">r </span>1.283 <span class=\"ff6\">miles \u20ac y 1.220 miles \u20ac, respectivamente</span>. ENCE <span class=\"_ _e\"></span>tiene contratado <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>eguro <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>responsabilidad civil <span class=\"_ _a\"></span>que <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>bre <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>todos <span class=\"_ _1\"></span>sus <span class=\"_ _e\"></span>administradores <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>irectivos por <span class=\"_ _6\"></span>da\u00f1<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>ocasion<span class=\"_ _6\"></span>ados <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>actos <span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>omision<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ejercicio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>cargo<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>Su <span class=\"_ _15\"></span>coste <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>sido de <span class=\"ff6\">82 miles \u20ac y <span class=\"_ _6\"></span></span>94 miles <span class=\"ff6\">\u20ac</span>, respectivamente<span class=\"_ _6\"></span><span class=\"lsf\">.<span class=\"_ _33\"> </span></span><span class=\"lsf\"> </span> 12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Honorarios de<span class=\"_ _1\"></span> auditor\u00eda </span></span>La firm<span class=\"_ _1\"></span>a que ha <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditado las cuentas de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> sociedades que <span class=\"_ _1\"></span>conforman el Grupo <span class=\"_ _1\"></span>ENCE en 2024 y 2023 ha <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ido KPMG Auditores, S.L. <span class=\"_ _6\"></span>(v\u00e9ase Anexo I)<span class=\"_ _6\"></span>. Durante <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023, <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>hon<span class=\"_ _6\"></span>orarios <span class=\"_ _15\"></span>relativos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ervicios <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>auditor\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>cuentas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span>s servicios prestad<span class=\"_ _6\"></span>os por el auditor o por <span class=\"_ _6\"></span>empresas vinculad<span class=\"_ _6\"></span>as al auditor han s<span class=\"_ _6\"></span>ido los siguientes:<span class=\"_ _15\"></span><span class=\"ff2 fs1\"> </span> Miles \u20ac<span class=\"ff3\"> </span>202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Servicios de auditor\u00eda 220<span class=\"ls0_1\"> </span>235<span class=\"ls0_1\"> </span>Servicios relacionados con la auditor\u00eda 47<span class=\"ls0_1\"> </span>25<span class=\"ls0_1\"> </span>Otros servicios 75<span class=\"ls0_1\"> </span>56<span class=\"_ _33\"> </span>Los servicios prestados por el <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditor en 2024, relacionados con los servicios de a<span class=\"_ _1\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _17\"> </span>revisi\u00f3n <span class=\"_ _17\"> </span>so<span class=\"_ _6\"></span>bre <span class=\"_ _17\"> </span>ratios <span class=\"_ _17\"> </span>fin<span class=\"_ _6\"></span>ancieros <span class=\"_ _17\"> </span>para <span class=\"_ _1c\"> </span>atender <span class=\"_ _1e\"> </span>a <span class=\"_ _1c\"> </span>las <span class=\"_ _17\"> </span>obligaciones <span class=\"_ _17\"> </span>re<span class=\"_ _6\"></span>cogidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>los <span class=\"_ _17\"> </span>contratos<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>de financiaci\u00f3n, <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>de verificaci\u00f3n <span class=\"_ _6\"></span>del s<span class=\"_ _6\"></span>istema de <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>interno <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>informaci\u00f3n finan<span class=\"_ _6\"></span>ciera y <span class=\"_ _6\"></span>servicios de <span class=\"_ _19\"> </span>revis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _19\"> </span>determinadas<span class=\"_ _6\"></span> <span class=\"_ _25\"> </span>magnitu<span class=\"_ _6\"></span>des <span class=\"_ _25\"> </span>financieras <span class=\"_ _19\"> </span>para <span class=\"_ _25\"> </span>acreditar <span class=\"_ _25\"> </span>la <span class=\"_ _25\"> </span>condici\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _25\"> </span>consumidor electrointensivo <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pago <span class=\"_ _6\"></span>lega<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>varias<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u p<span class=\"_ _6\"></span>arte <span class=\"_ _6\"></span>el apartado \u201cOt<span class=\"_ _6\"></span>ros servicios\u201d incluye principa<span class=\"_ _6\"></span>lmente servicios d<span class=\"_ _6\"></span>e verificaci\u00f3n <span class=\"_ _6\"></span><span class=\"ff4\">del Infor<span class=\"_ _6\"></span>me de<span class=\"_ _6\"></span> Sostenibilidad<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-602": {
   "value": "12.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Honorarios de<span class=\"_ _1\"></span> auditor\u00eda </span></span>La firm<span class=\"_ _1\"></span>a que ha <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditado las cuentas de <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> sociedades que <span class=\"_ _1\"></span>conforman el Grupo <span class=\"_ _1\"></span>ENCE en 2024 y 2023 ha <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>ido KPMG Auditores, S.L. <span class=\"_ _6\"></span>(v\u00e9ase Anexo I)<span class=\"_ _6\"></span>. Durante <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023, <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>hon<span class=\"_ _6\"></span>orarios <span class=\"_ _15\"></span>relativos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ervicios <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>auditor\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>cuentas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span>s servicios prestad<span class=\"_ _6\"></span>os por el auditor o por <span class=\"_ _6\"></span>empresas vinculad<span class=\"_ _6\"></span>as al auditor han s<span class=\"_ _6\"></span>ido los siguientes:<span class=\"_ _15\"></span><span class=\"ff2 fs1\"> </span> Miles \u20ac<span class=\"ff3\"> </span>202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Servicios de auditor\u00eda 220<span class=\"ls0_1\"> </span>235<span class=\"ls0_1\"> </span>Servicios relacionados con la auditor\u00eda 47<span class=\"ls0_1\"> </span>25<span class=\"ls0_1\"> </span>Otros servicios 75<span class=\"ls0_1\"> </span>56<span class=\"_ _33\"> </span>Los servicios prestados por el <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>ditor en 2024, relacionados con los servicios de a<span class=\"_ _1\"></span>uditor\u00eda, incluyen servicios de <span class=\"_ _17\"> </span>revisi\u00f3n <span class=\"_ _17\"> </span>so<span class=\"_ _6\"></span>bre <span class=\"_ _17\"> </span>ratios <span class=\"_ _17\"> </span>fin<span class=\"_ _6\"></span>ancieros <span class=\"_ _17\"> </span>para <span class=\"_ _1c\"> </span>atender <span class=\"_ _1e\"> </span>a <span class=\"_ _1c\"> </span>las <span class=\"_ _17\"> </span>obligaciones <span class=\"_ _17\"> </span>re<span class=\"_ _6\"></span>cogidas <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>los <span class=\"_ _17\"> </span>contratos<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>de financiaci\u00f3n, <span class=\"_ _6\"></span>servicios <span class=\"_ _6\"></span>de verificaci\u00f3n <span class=\"_ _6\"></span>del s<span class=\"_ _6\"></span>istema de <span class=\"_ _6\"></span>control <span class=\"_ _6\"></span>interno <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>informaci\u00f3n finan<span class=\"_ _6\"></span>ciera y <span class=\"_ _6\"></span>servicios de <span class=\"_ _19\"> </span>revis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _19\"> </span>determinadas<span class=\"_ _6\"></span> <span class=\"_ _25\"> </span>magnitu<span class=\"_ _6\"></span>des <span class=\"_ _25\"> </span>financieras <span class=\"_ _19\"> </span>para <span class=\"_ _25\"> </span>acreditar <span class=\"_ _25\"> </span>la <span class=\"_ _25\"> </span>condici\u00f3n <span class=\"_ _25\"> </span>de <span class=\"_ _25\"> </span>consumidor electrointensivo <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>pago <span class=\"_ _6\"></span>lega<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>varias<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo. <span class=\"_ _6\"></span>Por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u p<span class=\"_ _6\"></span>arte <span class=\"_ _6\"></span>el apartado \u201cOt<span class=\"_ _6\"></span>ros servicios\u201d incluye principa<span class=\"_ _6\"></span>lmente servicios d<span class=\"_ _6\"></span>e verificaci\u00f3n <span class=\"_ _6\"></span><span class=\"ff4\">del Infor<span class=\"_ _6\"></span>me de<span class=\"_ _6\"></span> Sostenibilidad<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Gastos e ingresos financieros </span></span>El <span class=\"_ _10\"></span>detalle <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>ep\u00edgrafes <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>Consolidado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>como sigue:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Negocio Celulosa Negocio Renovables Total Total Gastos financieros- Bono Convertible                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>(193) - (193) Obligaciones / Notas                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(3.399)    </span>       <span class=\"ls0_1\">(3.399)    </span>- (5.460) (5.460) Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros      <span class=\"ls0_1\">(22.741)    </span>      <span class=\"ls0_1\">(6.926)    </span>     <span class=\"ls0_1\">(29.667)    </span>(16.882) (3.520) (20.402) Actualizaci\u00f3n <span class=\"_ _1e\"> </span>financiera <span class=\"_ _17\"> </span>Vajdm<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>(Nota 29)<span class=\"ls0_1\"> </span>       <span class=\"ls0_1\">(2.053)    </span>      <span class=\"ls0_1\">(4.001)    </span>       <span class=\"ls0_1\">(6.054)    </span>(2.726) (5.598) (8.324) Actualizaci\u00f3n financiera de provisiones           <span class=\"ls0_1\">(969)    </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">(969)    </span>(829) - (829) Comisiones y otros gastos           <span class=\"ls0_1\">(985)    </span>      <span class=\"ls0_1\">(3.544)    </span>       <span class=\"ls0_1\">(4.529)    </span>(1.280) (1.471) (2.751) Resultado financiero intra-negocio   <span class=\"ls0_1\">1.6<span class=\"ls9\">60</span></span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(1.660)    </span>          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>787<span class=\"ls0_1\"> </span>(787) - Derechos <span class=\"_ _a\"></span>de u<span class=\"_ _1\"></span>so <span class=\"_ _e\"></span>sobre <span class=\"_ _e\"></span>activos <span class=\"_ _1\"></span>(Nota <span class=\"_ _e\"></span>17)        <span class=\"ls0_1\">(2.289)    </span>         <span class=\"ls0_1\">(141)    </span>       <span class=\"ls0_1\">(2.433)    </span>(1.958) (81) (2.039)      <span class=\"ls0_1\">(27.377)    </span>    <span class=\"ls0_1\">(19.671)    </span>     <span class=\"ls0_1\">(47.0<span class=\"ls9\">51</span>)    </span>(23.081) (16.917) (39.998) Ingresos financieros- Contraprestaci\u00f3n <span class=\"_ _a\"></span>co<span class=\"_ _6\"></span>ntingente <span class=\"_ _e\"></span>(Nota <span class=\"_ _e\"></span>27)<span class=\"_ _6\"></span>   <span class=\"ls0_1\">1.441    </span>  <span class=\"ls9\">115   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.556    </span>869<span class=\"ls0_1\"> </span>156<span class=\"ls0_1\"> </span>1.025 Otros ingresos financieros   <span class=\"ls0_1\">6.507    </span>  <span class=\"ls0_1\">1.153    </span>  <span class=\"ls0_1\">7.660    </span>4.759 776<span class=\"ls0_1\"> </span>5.535   <span class=\"ls0_1\">7.948    </span>  <span class=\"ls0_1\">1.268    </span>  <span class=\"ls0_1\">9.216    </span>5.628 932<span class=\"ls0_1\"> </span>6.560 Derivados de cobertura-   <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span>  <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245   <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245      <span class=\"ls0_1\">(18.592)    </span>    <span class=\"ls0_1\">(13.827)    </span>     <span class=\"ls0_1\">(32.419)    </span>(17.367) (12.826) (30.193) La cuenta <span class=\"_ _6\"></span><span class=\"ff6\">\u201cOtro<span class=\"_ _6\"></span>s ingres<span class=\"_ _6\"></span>os fina<span class=\"_ _6\"></span>ncieros\u201d <span class=\"_ _6\"></span>recoge <span class=\"_ _6\"></span>principalmen<span class=\"_ _6\"></span>te la <span class=\"_ _6\"></span>remunerac<span class=\"_ _6\"></span>i\u00f3n ob<span class=\"_ _6\"></span>tenida <span class=\"_ _6\"></span>de los<span class=\"_ _6\"></span> exc<span class=\"_ _6\"></span>edentes de<span class=\"_ _6\"></span> </span>tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-567": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Gastos e ingresos financieros </span></span>El <span class=\"_ _10\"></span>detalle <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>ep\u00edgrafes <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>Consolidado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>como sigue:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Negocio Celulosa Negocio Renovables Total Total Gastos financieros- Bono Convertible                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>(193) - (193) Obligaciones / Notas                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(3.399)    </span>       <span class=\"ls0_1\">(3.399)    </span>- (5.460) (5.460) Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros      <span class=\"ls0_1\">(22.741)    </span>      <span class=\"ls0_1\">(6.926)    </span>     <span class=\"ls0_1\">(29.667)    </span>(16.882) (3.520) (20.402) Actualizaci\u00f3n <span class=\"_ _1e\"> </span>financiera <span class=\"_ _17\"> </span>Vajdm<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>(Nota 29)<span class=\"ls0_1\"> </span>       <span class=\"ls0_1\">(2.053)    </span>      <span class=\"ls0_1\">(4.001)    </span>       <span class=\"ls0_1\">(6.054)    </span>(2.726) (5.598) (8.324) Actualizaci\u00f3n financiera de provisiones           <span class=\"ls0_1\">(969)    </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">(969)    </span>(829) - (829) Comisiones y otros gastos           <span class=\"ls0_1\">(985)    </span>      <span class=\"ls0_1\">(3.544)    </span>       <span class=\"ls0_1\">(4.529)    </span>(1.280) (1.471) (2.751) Resultado financiero intra-negocio   <span class=\"ls0_1\">1.6<span class=\"ls9\">60</span></span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(1.660)    </span>          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>787<span class=\"ls0_1\"> </span>(787) - Derechos <span class=\"_ _a\"></span>de u<span class=\"_ _1\"></span>so <span class=\"_ _e\"></span>sobre <span class=\"_ _e\"></span>activos <span class=\"_ _1\"></span>(Nota <span class=\"_ _e\"></span>17)        <span class=\"ls0_1\">(2.289)    </span>         <span class=\"ls0_1\">(141)    </span>       <span class=\"ls0_1\">(2.433)    </span>(1.958) (81) (2.039)      <span class=\"ls0_1\">(27.377)    </span>    <span class=\"ls0_1\">(19.671)    </span>     <span class=\"ls0_1\">(47.0<span class=\"ls9\">51</span>)    </span>(23.081) (16.917) (39.998) Ingresos financieros- Contraprestaci\u00f3n <span class=\"_ _a\"></span>co<span class=\"_ _6\"></span>ntingente <span class=\"_ _e\"></span>(Nota <span class=\"_ _e\"></span>27)<span class=\"_ _6\"></span>   <span class=\"ls0_1\">1.441    </span>  <span class=\"ls9\">115   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.556    </span>869<span class=\"ls0_1\"> </span>156<span class=\"ls0_1\"> </span>1.025 Otros ingresos financieros   <span class=\"ls0_1\">6.507    </span>  <span class=\"ls0_1\">1.153    </span>  <span class=\"ls0_1\">7.660    </span>4.759 776<span class=\"ls0_1\"> </span>5.535   <span class=\"ls0_1\">7.948    </span>  <span class=\"ls0_1\">1.268    </span>  <span class=\"ls0_1\">9.216    </span>5.628 932<span class=\"ls0_1\"> </span>6.560 Derivados de cobertura-   <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span>  <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245   <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245      <span class=\"ls0_1\">(18.592)    </span>    <span class=\"ls0_1\">(13.827)    </span>     <span class=\"ls0_1\">(32.419)    </span>(17.367) (12.826) (30.193) La cuenta <span class=\"_ _6\"></span><span class=\"ff6\">\u201cOtro<span class=\"_ _6\"></span>s ingres<span class=\"_ _6\"></span>os fina<span class=\"_ _6\"></span>ncieros\u201d <span class=\"_ _6\"></span>recoge <span class=\"_ _6\"></span>principalmen<span class=\"_ _6\"></span>te la <span class=\"_ _6\"></span>remunerac<span class=\"_ _6\"></span>i\u00f3n ob<span class=\"_ _6\"></span>tenida <span class=\"_ _6\"></span>de los<span class=\"_ _6\"></span> exc<span class=\"_ _6\"></span>edentes de<span class=\"_ _6\"></span> </span>tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-596": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Gastos e ingresos financieros </span></span>El <span class=\"_ _10\"></span>detalle <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>ep\u00edgrafes <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>Consolidado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>como sigue:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Negocio Celulosa Negocio Renovables Total Total Gastos financieros- Bono Convertible                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>(193) - (193) Obligaciones / Notas                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(3.399)    </span>       <span class=\"ls0_1\">(3.399)    </span>- (5.460) (5.460) Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros      <span class=\"ls0_1\">(22.741)    </span>      <span class=\"ls0_1\">(6.926)    </span>     <span class=\"ls0_1\">(29.667)    </span>(16.882) (3.520) (20.402) Actualizaci\u00f3n <span class=\"_ _1e\"> </span>financiera <span class=\"_ _17\"> </span>Vajdm<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>(Nota 29)<span class=\"ls0_1\"> </span>       <span class=\"ls0_1\">(2.053)    </span>      <span class=\"ls0_1\">(4.001)    </span>       <span class=\"ls0_1\">(6.054)    </span>(2.726) (5.598) (8.324) Actualizaci\u00f3n financiera de provisiones           <span class=\"ls0_1\">(969)    </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">(969)    </span>(829) - (829) Comisiones y otros gastos           <span class=\"ls0_1\">(985)    </span>      <span class=\"ls0_1\">(3.544)    </span>       <span class=\"ls0_1\">(4.529)    </span>(1.280) (1.471) (2.751) Resultado financiero intra-negocio   <span class=\"ls0_1\">1.6<span class=\"ls9\">60</span></span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(1.660)    </span>          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>787<span class=\"ls0_1\"> </span>(787) - Derechos <span class=\"_ _a\"></span>de u<span class=\"_ _1\"></span>so <span class=\"_ _e\"></span>sobre <span class=\"_ _e\"></span>activos <span class=\"_ _1\"></span>(Nota <span class=\"_ _e\"></span>17)        <span class=\"ls0_1\">(2.289)    </span>         <span class=\"ls0_1\">(141)    </span>       <span class=\"ls0_1\">(2.433)    </span>(1.958) (81) (2.039)      <span class=\"ls0_1\">(27.377)    </span>    <span class=\"ls0_1\">(19.671)    </span>     <span class=\"ls0_1\">(47.0<span class=\"ls9\">51</span>)    </span>(23.081) (16.917) (39.998) Ingresos financieros- Contraprestaci\u00f3n <span class=\"_ _a\"></span>co<span class=\"_ _6\"></span>ntingente <span class=\"_ _e\"></span>(Nota <span class=\"_ _e\"></span>27)<span class=\"_ _6\"></span>   <span class=\"ls0_1\">1.441    </span>  <span class=\"ls9\">115   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.556    </span>869<span class=\"ls0_1\"> </span>156<span class=\"ls0_1\"> </span>1.025 Otros ingresos financieros   <span class=\"ls0_1\">6.507    </span>  <span class=\"ls0_1\">1.153    </span>  <span class=\"ls0_1\">7.660    </span>4.759 776<span class=\"ls0_1\"> </span>5.535   <span class=\"ls0_1\">7.948    </span>  <span class=\"ls0_1\">1.268    </span>  <span class=\"ls0_1\">9.216    </span>5.628 932<span class=\"ls0_1\"> </span>6.560 Derivados de cobertura-   <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span>  <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245   <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245      <span class=\"ls0_1\">(18.592)    </span>    <span class=\"ls0_1\">(13.827)    </span>     <span class=\"ls0_1\">(32.419)    </span>(17.367) (12.826) (30.193) La cuenta <span class=\"_ _6\"></span><span class=\"ff6\">\u201cOtro<span class=\"_ _6\"></span>s ingres<span class=\"_ _6\"></span>os fina<span class=\"_ _6\"></span>ncieros\u201d <span class=\"_ _6\"></span>recoge <span class=\"_ _6\"></span>principalmen<span class=\"_ _6\"></span>te la <span class=\"_ _6\"></span>remunerac<span class=\"_ _6\"></span>i\u00f3n ob<span class=\"_ _6\"></span>tenida <span class=\"_ _6\"></span>de los<span class=\"_ _6\"></span> exc<span class=\"_ _6\"></span>edentes de<span class=\"_ _6\"></span> </span>tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-603": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Gastos e ingresos financieros </span></span>El <span class=\"_ _10\"></span>detalle <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>ep\u00edgrafes <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>Consolidado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>como sigue:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Negocio Celulosa Negocio Renovables Total Total Gastos financieros- Bono Convertible                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>(193) - (193) Obligaciones / Notas                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(3.399)    </span>       <span class=\"ls0_1\">(3.399)    </span>- (5.460) (5.460) Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros      <span class=\"ls0_1\">(22.741)    </span>      <span class=\"ls0_1\">(6.926)    </span>     <span class=\"ls0_1\">(29.667)    </span>(16.882) (3.520) (20.402) Actualizaci\u00f3n <span class=\"_ _1e\"> </span>financiera <span class=\"_ _17\"> </span>Vajdm<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>(Nota 29)<span class=\"ls0_1\"> </span>       <span class=\"ls0_1\">(2.053)    </span>      <span class=\"ls0_1\">(4.001)    </span>       <span class=\"ls0_1\">(6.054)    </span>(2.726) (5.598) (8.324) Actualizaci\u00f3n financiera de provisiones           <span class=\"ls0_1\">(969)    </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">(969)    </span>(829) - (829) Comisiones y otros gastos           <span class=\"ls0_1\">(985)    </span>      <span class=\"ls0_1\">(3.544)    </span>       <span class=\"ls0_1\">(4.529)    </span>(1.280) (1.471) (2.751) Resultado financiero intra-negocio   <span class=\"ls0_1\">1.6<span class=\"ls9\">60</span></span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(1.660)    </span>          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>787<span class=\"ls0_1\"> </span>(787) - Derechos <span class=\"_ _a\"></span>de u<span class=\"_ _1\"></span>so <span class=\"_ _e\"></span>sobre <span class=\"_ _e\"></span>activos <span class=\"_ _1\"></span>(Nota <span class=\"_ _e\"></span>17)        <span class=\"ls0_1\">(2.289)    </span>         <span class=\"ls0_1\">(141)    </span>       <span class=\"ls0_1\">(2.433)    </span>(1.958) (81) (2.039)      <span class=\"ls0_1\">(27.377)    </span>    <span class=\"ls0_1\">(19.671)    </span>     <span class=\"ls0_1\">(47.0<span class=\"ls9\">51</span>)    </span>(23.081) (16.917) (39.998) Ingresos financieros- Contraprestaci\u00f3n <span class=\"_ _a\"></span>co<span class=\"_ _6\"></span>ntingente <span class=\"_ _e\"></span>(Nota <span class=\"_ _e\"></span>27)<span class=\"_ _6\"></span>   <span class=\"ls0_1\">1.441    </span>  <span class=\"ls9\">115   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.556    </span>869<span class=\"ls0_1\"> </span>156<span class=\"ls0_1\"> </span>1.025 Otros ingresos financieros   <span class=\"ls0_1\">6.507    </span>  <span class=\"ls0_1\">1.153    </span>  <span class=\"ls0_1\">7.660    </span>4.759 776<span class=\"ls0_1\"> </span>5.535   <span class=\"ls0_1\">7.948    </span>  <span class=\"ls0_1\">1.268    </span>  <span class=\"ls0_1\">9.216    </span>5.628 932<span class=\"ls0_1\"> </span>6.560 Derivados de cobertura-   <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span>  <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245   <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245      <span class=\"ls0_1\">(18.592)    </span>    <span class=\"ls0_1\">(13.827)    </span>     <span class=\"ls0_1\">(32.419)    </span>(17.367) (12.826) (30.193) La cuenta <span class=\"_ _6\"></span><span class=\"ff6\">\u201cOtro<span class=\"_ _6\"></span>s ingres<span class=\"_ _6\"></span>os fina<span class=\"_ _6\"></span>ncieros\u201d <span class=\"_ _6\"></span>recoge <span class=\"_ _6\"></span>principalmen<span class=\"_ _6\"></span>te la <span class=\"_ _6\"></span>remunerac<span class=\"_ _6\"></span>i\u00f3n ob<span class=\"_ _6\"></span>tenida <span class=\"_ _6\"></span>de los<span class=\"_ _6\"></span> exc<span class=\"_ _6\"></span>edentes de<span class=\"_ _6\"></span> </span>tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-608": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Gastos e ingresos financieros </span></span>El <span class=\"_ _10\"></span>detalle <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>estos <span class=\"_ _10\"></span>ep\u00edgrafes <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Resulta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>Consolidado <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _10\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>es <span class=\"_ _0\"></span>como sigue:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12</span>/2024 31/12/2023 Miles de euros Negocio Celulosa Negocio Renovables Negocio Celulosa Negocio Renovables Total Total Gastos financieros- Bono Convertible                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>(193) - (193) Obligaciones / Notas                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(3.399)    </span>       <span class=\"ls0_1\">(3.399)    </span>- (5.460) (5.460) Pr\u00e9stamos, l\u00edneas de cr\u00e9dito y otros      <span class=\"ls0_1\">(22.741)    </span>      <span class=\"ls0_1\">(6.926)    </span>     <span class=\"ls0_1\">(29.667)    </span>(16.882) (3.520) (20.402) Actualizaci\u00f3n <span class=\"_ _1e\"> </span>financiera <span class=\"_ _17\"> </span>Vajdm<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>(Nota 29)<span class=\"ls0_1\"> </span>       <span class=\"ls0_1\">(2.053)    </span>      <span class=\"ls0_1\">(4.001)    </span>       <span class=\"ls0_1\">(6.054)    </span>(2.726) (5.598) (8.324) Actualizaci\u00f3n financiera de provisiones           <span class=\"ls0_1\">(969)    </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">(969)    </span>(829) - (829) Comisiones y otros gastos           <span class=\"ls0_1\">(985)    </span>      <span class=\"ls0_1\">(3.544)    </span>       <span class=\"ls0_1\">(4.529)    </span>(1.280) (1.471) (2.751) Resultado financiero intra-negocio   <span class=\"ls0_1\">1.6<span class=\"ls9\">60</span></span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(1.660)    </span>          <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>787<span class=\"ls0_1\"> </span>(787) - Derechos <span class=\"_ _a\"></span>de u<span class=\"_ _1\"></span>so <span class=\"_ _e\"></span>sobre <span class=\"_ _e\"></span>activos <span class=\"_ _1\"></span>(Nota <span class=\"_ _e\"></span>17)        <span class=\"ls0_1\">(2.289)    </span>         <span class=\"ls0_1\">(141)    </span>       <span class=\"ls0_1\">(2.433)    </span>(1.958) (81) (2.039)      <span class=\"ls0_1\">(27.377)    </span>    <span class=\"ls0_1\">(19.671)    </span>     <span class=\"ls0_1\">(47.0<span class=\"ls9\">51</span>)    </span>(23.081) (16.917) (39.998) Ingresos financieros- Contraprestaci\u00f3n <span class=\"_ _a\"></span>co<span class=\"_ _6\"></span>ntingente <span class=\"_ _e\"></span>(Nota <span class=\"_ _e\"></span>27)<span class=\"_ _6\"></span>   <span class=\"ls0_1\">1.441    </span>  <span class=\"ls9\">115   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.556    </span>869<span class=\"ls0_1\"> </span>156<span class=\"ls0_1\"> </span>1.025 Otros ingresos financieros   <span class=\"ls0_1\">6.507    </span>  <span class=\"ls0_1\">1.153    </span>  <span class=\"ls0_1\">7.660    </span>4.759 776<span class=\"ls0_1\"> </span>5.535   <span class=\"ls0_1\">7.948    </span>  <span class=\"ls0_1\">1.268    </span>  <span class=\"ls0_1\">9.216    </span>5.628 932<span class=\"ls0_1\"> </span>6.560 Derivados de cobertura-   <span class=\"ls0_1\">Liquidaci\u00f3n IRSwap (Nota 30) </span>  <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245   <span class=\"ls9\">840   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.576    </span>  <span class=\"ls0_1\">5.416    </span>86<span class=\"ls0_1\"> </span>3.159 3.245      <span class=\"ls0_1\">(18.592)    </span>    <span class=\"ls0_1\">(13.827)    </span>     <span class=\"ls0_1\">(32.419)    </span>(17.367) (12.826) (30.193) La cuenta <span class=\"_ _6\"></span><span class=\"ff6\">\u201cOtro<span class=\"_ _6\"></span>s ingres<span class=\"_ _6\"></span>os fina<span class=\"_ _6\"></span>ncieros\u201d <span class=\"_ _6\"></span>recoge <span class=\"_ _6\"></span>principalmen<span class=\"_ _6\"></span>te la <span class=\"_ _6\"></span>remunerac<span class=\"_ _6\"></span>i\u00f3n ob<span class=\"_ _6\"></span>tenida <span class=\"_ _6\"></span>de los<span class=\"_ _6\"></span> exc<span class=\"_ _6\"></span>edentes de<span class=\"_ _6\"></span> </span>tesorer\u00eda.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "14.<span class=\"ff5 ls0_1\"> <span class=\"_ _c\"></span><span class=\"ff3\">Benefici<span class=\"_ _6\"></span>o por acci\u00f3n </span></span>El c\u00e1lculo del resulta<span class=\"_ _6\"></span>do consolidado p<span class=\"_ _6\"></span>or acci\u00f3n b\u00e1sico y d<span class=\"_ _6\"></span>iluido de los ejercicios 202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y 2023 es el <span class=\"_ _6\"></span>siguiente: Beneficio/ (P\u00e9rdida) Neta por Acci\u00f3n Unidades 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Beneficio/ (P\u00e9rdida) neta consolidado del ejercicio atribuible a acciones ordinarias  Miles \u20ac<span class=\"ff4\"> </span>31.551 (24.720) N\u00ba medio ponderado de acciones ordinarias<span class=\"_ _1\"></span> disponibles (*) Millones acc. 242,7 242,4 N\u00ba medio ponderado de acciones dilu<span class=\"_ _1\"></span>idas <span class=\"_ _6\"></span> Millones acc. 24<span class=\"ls0_1\">6<span class=\"ls10\">,5</span> </span>242,4 Beneficio/ (P\u00e9rdida) b\u00e1sica por acc<span class=\"_ _1\"></span>i\u00f3n<span class=\"_ _6\"></span> \u20ac<span class=\"ff3\"> </span>0,13 (0,10) Beneficio/ (P\u00e9rdida) diluid<span class=\"_ _1\"></span>a por acci\u00f3n<span class=\"_ _6\"></span> \u20ac<span class=\"ff3\"> </span>0,13 (0,10)<span class=\"_ _33\"> </span>(*)  <span class=\"_ _1d\"> </span>N\u00famero de acciones emitidas deducidas las acciones en autocartera En el <span class=\"_ _6\"></span>ejercicio 202<span class=\"_ _6\"></span>4 s<span class=\"_ _6\"></span>e ha <span class=\"_ _6\"></span>considerado <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el c\u00e1lculo <span class=\"_ _6\"></span>del ben<span class=\"_ _6\"></span>eficio por <span class=\"_ _6\"></span>acci\u00f3n <span class=\"_ _6\"></span>diluido <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>acciones <span class=\"_ _6\"></span>ordinarias con <span class=\"_ _15\"></span>potencial <span class=\"_ _10\"></span>diluyente <span class=\"_ _10\"></span>vinculad<span class=\"_ _6\"></span>as <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>cumplimiento <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ob<span class=\"_ _6\"></span>jetivos <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>planes <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>retribu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>variab<span class=\"_ _6\"></span>le<span class=\"_ _1\"></span> 2023<span class=\"ls0_1\">-</span>2027 <span class=\"ls0_1\">(4 mil<span class=\"_ _6\"></span>lones de acci<span class=\"_ _6\"></span>ones al cierre del ejercicio <span class=\"_ _6\"></span>2024).<span class=\"_ _6\"></span> </span>En el <span class=\"_ _e\"></span>ejercicio 2023 <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>o se <span class=\"_ _1\"></span>consider\u00f3 en <span class=\"_ _e\"></span>el c\u00e1lculo del <span class=\"_ _e\"></span>beneficio por acci\u00f3n <span class=\"_ _e\"></span>diluid<span class=\"_ _6\"></span>o la<span class=\"_ _1\"></span>s acciones <span class=\"_ _e\"></span>ord<span class=\"_ _6\"></span>inarias co<span class=\"_ _1\"></span>n potencial <span class=\"_ _11\"> </span>diluy<span class=\"_ _6\"></span>ente <span class=\"_ _11\"> </span>vinculad<span class=\"_ _6\"></span>as <span class=\"_ _11\"> </span>al <span class=\"_ _12\"> </span>cumplimiento <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>objetivo<span class=\"_ _6\"></span>s <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _11\"> </span>dis<span class=\"_ _6\"></span>tintos <span class=\"_ _12\"> </span>planes <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>retribuci\u00f3n, aproximadamente 4 <span class=\"_ _6\"></span>millones de acciones,<span class=\"_ _6\"></span> ya que s<span class=\"_ _6\"></span>u consideraci\u00f3n produc<span class=\"_ _15\"></span><span class=\"ls18\">\u00eda</span> un efecto anti-dilut<span class=\"_ _6\"></span>ivo<span class=\"lsf\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "<div class=\"c_1 w2_1 h3b gs223\"><div class=\"t_1 m0_1 xb h41 y745 ff3 fs3 fc2 sc0_1 lsb ws0_1\">15.<span class=\"ff5 ls0_1\"> <span class=\"_ _c\"></span><span class=\"ff3\">Fo<span class=\"_ _6\"></span>ndo de comercio y otros activos intangibles<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span></div><div class=\"t_1 m0_1 x1f h8 y7fe ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _6\"></span>movimiento <span class=\"_ _15\"></span>habido <span class=\"_ _15\"></span>durante <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>comercio <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las d<span class=\"_ _6\"></span>iferentes <span class=\"_ _6\"></span>cuenta<span class=\"_ _6\"></span>s<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x1f h8 y7ff ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de activos inta<span class=\"_ _6\"></span>ngibles y de sus corresp<span class=\"_ _6\"></span>ondientes amortizacion<span class=\"_ _6\"></span>es y deterioros h<span class=\"_ _6\"></span>a sido el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> </div></div><div class=\"c_1 wf1 ha6 gs224\"><div class=\"t_1 m0_1 x27 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 h7e gs225\"><div class=\"t_1 m0_1 x12 h1f y695 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 h7e gs226\"><div class=\"t_1 m0_1 x10 h1f y4ef ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x5a h1f y38 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf3 h7e gs227\"><div class=\"t_1 m0_1 x12 h1f y66b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 xe h1f y4ef ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">del<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x5a h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">per\u00edmetro<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x29 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 6)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 h7e gs228\"><div class=\"t_1 m0_1 x12 h1f y4ef ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x44 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">dotaciones<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 h7e gs229\"><div class=\"t_1 m0_1 x87 h1f y4ef ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x12 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w8f h7e gs22a\"><div class=\"t_1 m0_1 x12 h1f y695 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos  </div></div><div class=\"c_1 wf6 h7e gs22b\"><div class=\"t_1 m0_1 x54 h1f y4ef ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x12 h1f y38 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">31/12/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf0 h23 gs22c\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de comercio  </div></div><div class=\"c_1 wf2 h23 gs22d\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.737<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 h23 gs22e\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.813<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 h23 gs22f\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 h23 gs230\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w8f h23 gs231\"><div class=\"t_1 m0_1 x16 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h23 gs232\"><div class=\"t_1 m0_1 x88 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">7.550<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 h23 gs233\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 h23 gs234\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">37.603<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 h23 gs235\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 h23 gs236\"><div class=\"t_1 m0_1 x1c h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 h23 gs237\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8f h23 gs238\"><div class=\"t_1 m0_1 x5 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.212 </div></div><div class=\"c_1 wf6 h23 gs239\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">38.819<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 h23 gs23a\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 h23 gs23b\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">18.452<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 h23 gs23c\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 h23 gs23d\"><div class=\"t_1 m0_1 x38 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">77<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf5 h23 gs23e\"><div class=\"t_1 m0_1 xda h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(3.567)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w8f h23 gs23f\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">116<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf6 h23 gs240\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">15.078<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 h58 gs241\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Anticipos<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 h58 gs242\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.448<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 h58 gs243\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 h58 gs244\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.815<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 h58 gs245\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8f h58 gs246\"><div class=\"t_1 m0_1 x4 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.372)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h58 gs247\"><div class=\"t_1 m0_1 x88 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.891<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 h7f gs248\"><div class=\"t_1 m0_1 x12 h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica y biometano<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 h7f gs249\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">21.002 </div></div><div class=\"c_1 wf3 h7f gs24a\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">18.966<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 h7f gs24b\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 h7f gs24c\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w8f h7f gs24d\"><div class=\"t_1 m0_1 x16 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wf6 h7f gs24e\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">39.968<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 h23 gs24f\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 h23 gs250\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.787<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 h23 gs251\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 h23 gs252\"><div class=\"t_1 m0_1 x38 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">80<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf5 h23 gs253\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w8f h23 gs254\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">44<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf6 h23 gs255\"><div class=\"t_1 m0_1 x88 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.911<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 h23 gs256\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles  </div></div><div class=\"c_1 wf2 h23 gs257\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.185<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 h23 gs258\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 h23 gs259\"><div class=\"t_1 m0_1 x3e h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">172<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf5 h23 gs25a\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w8f h23 gs25b\"><div class=\"t_1 m0_1 x16 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h23 gs25c\"><div class=\"t_1 m0_1 x88 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.357 </div></div><div class=\"c_1 wf0 h60 gs25d\"><div class=\"t_1 m0_1 x4a h54 y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ff3\">Total coste </span><span class=\"ff3\"> </span></div></div><div class=\"c_1 wf2 h60 gs25e\"><div class=\"t_1 m0_1 x7f h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">95.214<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf3 h60 gs25f\"><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">23.779<span class=\"_ _33\"> </span><span class=\"ff4 ls0_1\"> </span></div></div><div class=\"c_1 wf4 h60 gs260\"><div class=\"t_1 m0_1 x7f h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">6.148<span class=\"ff4 ls0_1\"> </span></div></div><div class=\"c_1 wf5 h60 gs261\"><div class=\"t_1 m0_1 xda h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(3.567)<span class=\"_ _33\"> </span><span class=\"ff4\"> </span></div></div><div class=\"c_1 w8f h60 gs262\"><div class=\"t_1 m0_1 x16 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff4\"> </span></div></div><div class=\"c_1 wf6 h60 gs263\"><div class=\"t_1 m0_1 x1a h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">121.574<span class=\"_ _33\"> </span><span class=\"ff4 ls0_1\"> </span></div></div><div class=\"c_1 wf0 h23 gs264\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 h23 gs265\"><div class=\"t_1 m0_1 x5 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(29.656)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 h23 gs266\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wf4 h23 gs267\"><div class=\"t_1 m0_1 x5 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.589)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 h23 gs268\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w8f h23 gs269\"><div class=\"t_1 m0_1 x16 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wf6 h23 gs26a\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(32.245)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 ha6 gs26b\"><div class=\"t_1 m0_1 x12 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 ha6 gs26c\"><div class=\"t_1 m0_1 x5 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(14.348)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 ha6 gs26d\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 ha6 gs26e\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(524)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 ha6 gs26f\"><div class=\"t_1 m0_1 x2d h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">713<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8f ha6 gs270\"><div class=\"t_1 m0_1 x16 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wf6 ha6 gs271\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(14.159)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 h7f gs272\"><div class=\"t_1 m0_1 x12 h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 h7f gs273\"><div class=\"t_1 m0_1 x15 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(3.170)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 h7f gs274\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 h7f gs275\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(843)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 h7f gs276\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w8f h7f gs277\"><div class=\"t_1 m0_1 x16 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wf6 h7f gs278\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(4.013)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 h23 gs279\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 h23 gs27a\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(475)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 h23 gs27b\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(243)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 h23 gs27c\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w8f h23 gs27d\"><div class=\"t_1 m0_1 x16 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h23 gs27e\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(718)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 h23 gs27f\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 h23 gs280\"><div class=\"t_1 m0_1 x15 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.950)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 h23 gs281\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf4 h23 gs282\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(148)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 h23 gs283\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w8f h23 gs284\"><div class=\"t_1 m0_1 x16 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wf6 h23 gs285\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.098) </div></div><div class=\"c_1 wf0 h23 gs286\"><div class=\"t_1 m0_1 x31 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> Total amortizaciones   </div></div><div class=\"c_1 wf2 h23 gs287\"><div class=\"t_1 m0_1 x5 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(49.599)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 h23 gs288\"><div class=\"t_1 m0_1 x31 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wf4 h23 gs289\"><div class=\"t_1 m0_1 x5 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(4.347)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 h23 gs28a\"><div class=\"t_1 m0_1 x2d h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">713<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8f h23 gs28b\"><div class=\"t_1 m0_1 x16 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wf6 h23 gs28c\"><div class=\"t_1 m0_1 x2a h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(53.233) </div></div><div class=\"c_1 wf0 h23 gs28d\"><div class=\"t_1 m0_1 x21 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioros de valor (Nota 19)  </div></div><div class=\"c_1 wf2 h23 gs28e\"><div class=\"t_1 m0_1 x15 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(6.349)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf3 h23 gs28f\"><div class=\"t_1 m0_1 x31 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf5 h23 gs290\"><div class=\"t_1 m0_1 x21 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2.860<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8f h23 gs291\"><div class=\"t_1 m0_1 x16 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wf6 h23 gs292\"><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(3.489)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf0 h23 gs293\"><div class=\"t_1 m0_1 x6 h54 y8f ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf2 h23 gs294\"><div class=\"t_1 m0_1 x7f h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">39.266<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf6 h23 gs295\"><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">64.852<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf8 ha6 gs296\"><div class=\"t_1 m0_1 x10a h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h8a gs297\"><div class=\"t_1 m0_1 x12 h1f y40 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h8a gs298\"><div class=\"t_1 m0_1 x54 h1f y6ca ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x12 h1f y59e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w6a h8a gs299\"><div class=\"t_1 m0_1 x5a h1f y6ca ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x5a h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">dotaciones<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h8a gs29a\"><div class=\"t_1 m0_1 x54 h1f y6ca ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x5a h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h8a gs29b\"><div class=\"t_1 m0_1 x5a h1f y40 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos  </div></div><div class=\"c_1 wcd h8a gs29c\"><div class=\"t_1 m0_1 x54 h1f y6ca ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x12 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h23 gs29d\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo de comercio  </div></div><div class=\"c_1 wf6 h23 gs29e\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.737<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a h23 gs29f\"><div class=\"t_1 m0_1 x5d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2a0\"><div class=\"t_1 m0_1 x20 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h23 gs2a1\"><div class=\"t_1 m0_1 x3d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wcd h23 gs2a2\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.737<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h23 gs2a3\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h23 gs2a4\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">34.767<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a h23 gs2a5\"><div class=\"t_1 m0_1 x2d h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">143<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w4c h23 gs2a6\"><div class=\"t_1 m0_1 x20 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h23 gs2a7\"><div class=\"t_1 m0_1 x41 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.693 </div></div><div class=\"c_1 wcd h23 gs2a8\"><div class=\"t_1 m0_1 xda h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">37.603<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h23 gs2a9\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h23 gs2aa\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">18.452<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a h23 gs2ab\"><div class=\"t_1 m0_1 x5d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2ac\"><div class=\"t_1 m0_1 x20 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h23 gs2ad\"><div class=\"t_1 m0_1 x3d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wcd h23 gs2ae\"><div class=\"t_1 m0_1 xda h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">18.452<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h23 gs2af\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Anticipos<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h23 gs2b0\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.758<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a h23 gs2b1\"><div class=\"t_1 m0_1 x19 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.787<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2b2\"><div class=\"t_1 m0_1 x20 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wf9 h23 gs2b3\"><div class=\"t_1 m0_1 x2e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(3.097)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wcd h23 gs2b4\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.448<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h23 gs2b5\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> </div></div><div class=\"c_1 wf6 h23 gs2b6\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">21.002<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a h23 gs2b7\"><div class=\"t_1 m0_1 x5d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2b8\"><div class=\"t_1 m0_1 x20 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h23 gs2b9\"><div class=\"t_1 m0_1 x3d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wcd h23 gs2ba\"><div class=\"t_1 m0_1 xda h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">21.002<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h23 gs2bb\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h23 gs2bc\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.578<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a h23 gs2bd\"><div class=\"t_1 m0_1 x5d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2be\"><div class=\"t_1 m0_1 x20 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h23 gs2bf\"><div class=\"t_1 m0_1 x65 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">209<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wcd h23 gs2c0\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.787<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h23 gs2c1\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles  </div></div><div class=\"c_1 wf6 h23 gs2c2\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.185<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a h23 gs2c3\"><div class=\"t_1 m0_1 x5d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2c4\"><div class=\"t_1 m0_1 x20 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h23 gs2c5\"><div class=\"t_1 m0_1 x3d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wcd h23 gs2c6\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.185 </div></div><div class=\"c_1 wf7 h60 gs2c7\"><div class=\"t_1 m0_1 x24 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> Total coste  </div></div><div class=\"c_1 wf6 h60 gs2c8\"><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">89.479<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w6a h60 gs2c9\"><div class=\"t_1 m0_1 x19 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">5.930<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w4c h60 gs2ca\"><div class=\"t_1 m0_1 x20 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h60 gs2cb\"><div class=\"t_1 m0_1 x15 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(195) </div></div><div class=\"c_1 wcd h60 gs2cc\"><div class=\"t_1 m0_1 xda h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">95.214<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf7 h23 gs2cd\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h23 gs2ce\"><div class=\"t_1 m0_1 x2a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(26.986) </div></div><div class=\"c_1 w6a h23 gs2cf\"><div class=\"t_1 m0_1 x41 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.670)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2d0\"><div class=\"t_1 m0_1 x20 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h23 gs2d1\"><div class=\"t_1 m0_1 x3d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wcd h23 gs2d2\"><div class=\"t_1 m0_1 x1a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(29.656)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 hb1 gs2d3\"><div class=\"t_1 m0_1 x12 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos de desarrollo<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 hb1 gs2d4\"><div class=\"t_1 m0_1 x2a h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(13.867)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a hb1 gs2d5\"><div class=\"t_1 m0_1 x96 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(480)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c hb1 gs2d6\"><div class=\"t_1 m0_1 x20 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 hb1 gs2d7\"><div class=\"t_1 m0_1 x3d h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wcd hb1 gs2d8\"><div class=\"t_1 m0_1 x1a h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(14.347)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h23 gs2d9\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> </div></div><div class=\"c_1 wf6 h23 gs2da\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.327)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a h23 gs2db\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(843)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2dc\"><div class=\"t_1 m0_1 x20 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h23 gs2dd\"><div class=\"t_1 m0_1 x3d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wcd h23 gs2de\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(3.170)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h23 gs2df\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de riego<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h23 gs2e0\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(246)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a h23 gs2e1\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(229)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2e2\"><div class=\"t_1 m0_1 x20 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h23 gs2e3\"><div class=\"t_1 m0_1 x3d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wcd h23 gs2e4\"><div class=\"t_1 m0_1 x19 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(475)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h23 gs2e5\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos intangibles<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h23 gs2e6\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.809)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a h23 gs2e7\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(141)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2e8\"><div class=\"t_1 m0_1 x20 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h23 gs2e9\"><div class=\"t_1 m0_1 x3d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wcd h23 gs2ea\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.950) </div></div><div class=\"c_1 wf7 h23 gs2eb\"><div class=\"t_1 m0_1 x20 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> Total amortizaciones   </div></div><div class=\"c_1 wf6 h23 gs2ec\"><div class=\"t_1 m0_1 x2a h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(45.235) </div></div><div class=\"c_1 w6a h23 gs2ed\"><div class=\"t_1 m0_1 x41 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(4.363)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2ee\"><div class=\"t_1 m0_1 x20 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf9 h23 gs2ef\"><div class=\"t_1 m0_1 x3d h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wcd h23 gs2f0\"><div class=\"t_1 m0_1 x1a h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(49.598) </div></div><div class=\"c_1 wf7 h23 gs2f1\"><div class=\"t_1 m0_1 x3e h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> Deterioros de valor (Nota 19<span class=\"ls33\">) </span> </div></div><div class=\"c_1 wf6 h23 gs2f2\"><div class=\"t_1 m0_1 x1e h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(6.337)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6a h23 gs2f3\"><div class=\"t_1 m0_1 x5d h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w4c h23 gs2f4\"><div class=\"t_1 m0_1 x1c h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">13<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf9 h23 gs2f5\"><div class=\"t_1 m0_1 x19 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(25) </div></div><div class=\"c_1 wcd h23 gs2f6\"><div class=\"t_1 m0_1 x1e h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(6.349)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf7 h23 gs2f7\"><div class=\"t_1 m0_1 x37 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wf6 h23 gs2f8\"><div class=\"t_1 m0_1 x1e h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">37.906<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wcd h23 gs2f9\"><div class=\"t_1 m0_1 xda h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">39.266<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div>16.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Propiedad, planta y equipo<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>El  movimiento <span class=\"_ _18\"> </span>habido  en  la<span class=\"_ _6\"></span>s  diferentes  cu<span class=\"_ _6\"></span>entas  d<span class=\"_ _6\"></span>e  este  ep\u00edgra<span class=\"_ _6\"></span>fe  del  Es<span class=\"_ _6\"></span>tado  de  Sit<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _18\"> </span>Financiera<span class=\"_ _33\"> </span> consolidado <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de s<span class=\"_ _6\"></span>us <span class=\"_ _6\"></span>correspondientes <span class=\"_ _6\"></span>amortizaciones <span class=\"_ _6\"></span>acu<span class=\"_ _6\"></span>muladas <span class=\"_ _6\"></span>en los<span class=\"_ _6\"></span> ejercicios<span class=\"_ _6\"></span> 202<span class=\"_ _15\"></span>4 y <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>sido <span class=\"_ _6\"></span>el<span class=\"_ _33\"> </span> siguiente:<span class=\"_ _33\"> </span> Miles de euros<span class=\"_ _33\"> </span> 31 de diciembre de 2024<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Variaciones<span class=\"_ _33\"> </span> del<span class=\"_ _33\"> </span> per\u00edmetro<span class=\"_ _33\"> </span> (Nota 6)<span class=\"_ _33\"> </span> Adiciones<span class=\"_ _33\"> </span> o<span class=\"_ _33\"> </span> Dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones Traspasos  Diferencias<span class=\"_ _33\"> </span> de<span class=\"_ _33\"> </span> conversi\u00f3n<span class=\"_ _33\"> </span> y otros<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/12/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Terrenos forestales<span class=\"_ _33\"> </span> 87.856    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 16   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 87.872    Otros terrenos<span class=\"_ _33\"> </span> 16.705    161   <span class=\"ls0_1\"> </span>238   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 398 <span class=\"ls0_1\"> </span>8   <span class=\"ls0_1\"> </span>17.510    Construcciones<span class=\"_ _33\"> </span> 166.250    2.970    160   <span class=\"ls0_1\"> </span>(302)    3.023  -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 172.101    Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span> 1.878.461    423   <span class=\"ls0_1\"> </span>1.821    (16.700)    25.036  5   <span class=\"ls0_1\"> </span>1.889.046    Otro inmovilizado<span class=\"_ _33\"> </span> 59.599    85   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (1.622)    4.026  1   <span class=\"ls0_1\"> </span>62.089    Anticipos e inmovilizado en curso<span class=\"_ _33\"> </span> 43.642    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 54.828    (1.235)    (38.138)    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 59.097    Derecho de uso (Nota 17)<span class=\"_ _33\"> </span> 53.928    3.565    12.347    (4.183)    6.259  -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 71.916     Total coste  2.306.441   <span class=\"ls0_1\"> </span>7.204   <span class=\"ls0_1\"> </span>69.410   <span class=\"ls0_1\"> </span>(24.042)    604 <span class=\"ls0_1\"> </span>14   <span class=\"ls0_1\"> </span>2.359.631   <span class=\"ls0_1\"> </span>Construcciones<span class=\"_ _33\"> </span> (78.818)    (738)    (5.152)    302   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (84.406)    Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span> (1.157.573)    (107)    (73.984)    13.180    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (5)    (1.218.489)    Otro inmovilizado<span class=\"_ _33\"> </span> (36.997)    (73)    (3.036)    1.531    15   <span class=\"ls0_1\"> </span>(1)    (38.561)    Derecho de uso (Nota 17)<span class=\"_ _33\"> </span> (11.637)    (454)    (4.917)    1.252    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (15.756)     Total amortizaciones  (1.285.025)    (1.372)    (87.089)    16.265   <span class=\"ls0_1\"> </span>15   <span class=\"ls0_1\"> </span>(6)    (1.357.212)     Deterioros de valor (Nota 19)  (32.417)    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (228)    4.846   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (27.799)     Total Neto  988.999   <span class=\"ls0_1\"> </span>974.620  Miles de euros<span class=\"_ _33\"> </span> 31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Adiciones o<span class=\"_ _33\"> </span> Dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones Traspasos  Diferencias de<span class=\"_ _33\"> </span> conversi\u00f3n y<span class=\"_ _33\"> </span> otros<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> Terrenos forestales<span class=\"_ _33\"> </span> 83.794<span class=\"_ _33\"> </span> 4.062<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 87.856<span class=\"_ _33\"> </span> Otros terrenos<span class=\"_ _33\"> </span> 15.262<span class=\"_ _33\"> </span> 1.369<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 79<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(5)<span class=\"_ _33\"> </span> 16.705<span class=\"_ _33\"> </span> Construcciones<span class=\"_ _33\"> </span> 160.827<span class=\"_ _33\"> </span> 425<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 4.998<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 166.250<span class=\"_ _33\"> </span> Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span> 1.835.754<span class=\"_ _33\"> </span> 3.171<span class=\"_ _33\"> </span> (1.555) 41.094<span class=\"_ _33\"> </span> (3) 1.878.461<span class=\"_ _33\"> </span> Otro inmovilizado<span class=\"_ _33\"> </span> 56.700<span class=\"_ _33\"> </span> 93<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 2.806<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 59.599<span class=\"_ _33\"> </span> Anticipos e inmovilizado en curso<span class=\"_ _33\"> </span> 25.169<span class=\"_ _33\"> </span> 68.695<span class=\"_ _33\"> </span> (1.871) (48.351)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 43.642<span class=\"_ _33\"> </span> Derecho de uso (Nota 17)<span class=\"_ _33\"> </span> 47.345<span class=\"_ _33\"> </span> 9.843<span class=\"_ _33\"> </span> (2.829)<span class=\"_ _33\"> </span> (431)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 53.928  Total coste  2.224.851<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>87.658<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(6.255)<span class=\"_ _33\"> </span> 195<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(8) 2.306.441<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Construcciones<span class=\"_ _33\"> </span> (73.370) (5.448)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (78.818)<span class=\"_ _33\"> </span> Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span> (1.081.064) (76.562)<span class=\"_ _33\"> </span> 44<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>6<span class=\"_ _33\"> </span> 3 (1.157.573)<span class=\"_ _33\"> </span> Otro inmovilizado<span class=\"_ _33\"> </span> (34.248) (2.749)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (36.997)<span class=\"_ _33\"> </span> Derecho de uso (Nota 17)<span class=\"_ _33\"> </span> (9.177) (4.653)<span class=\"_ _33\"> </span> 2.193<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (11.637)  Total amortizaciones  (1.197.859) (89.412)<span class=\"_ _33\"> </span> 2.237<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>6<span class=\"_ _33\"> </span> 3 (1.285.025)  Deterioros de valor (Nota 19<span class=\"ls33\">) </span> (43.116) (2.853)<span class=\"_ _33\"> </span> 13.527<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>25<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (32.417)  Total Neto  983.876<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>988.999<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Los activos<span class=\"_ _6\"></span> productivos del Grupo s<span class=\"_ _6\"></span>e ubican <span class=\"_ _6\"></span>mayoritariamente <span class=\"_ _6\"></span>en Espa\u00f1<span class=\"_ _6\"></span>a.<span class=\"_ _33\"> </span>16.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Bienes tot<span class=\"_ _1\"></span>almente amortiz<span class=\"_ _1\"></span>ados  </span></span>Al <span class=\"_ _11\"> </span>cierr<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>20<span class=\"_ _6\"></span>24 <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>2023 <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>ten\u00eda <span class=\"_ _12\"> </span>elemento<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>inmovilizado <span class=\"_ _12\"> </span>material <span class=\"_ _12\"> </span>totalmente amortizados q<span class=\"_ _6\"></span>ue segu\u00edan en uso co<span class=\"_ _6\"></span>nforme al siguiente detalle:<span class=\"_ _15\"></span> Miles de Euros 202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Construcciones 35.071 28.475 Instalaciones t\u00e9cnicas 114.268 130.988 Maquinaria 334.725 313.170 Utillaje 722<span class=\"ls0_1\"> </span>717<span class=\"ls0_1\"> </span>Mobiliario 2.240 2.352 Otros  11.138 11.902 498.164<span class=\"ls0_1\"> </span>487.604<span class=\"_ _33\"> </span>17.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Activos por de<span class=\"_ _1\"></span>rechos de uso </span></span>El <span class=\"_ _15\"></span>movimiento <span class=\"_ _15\"></span>habido <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>diferentes <span class=\"_ _15\"></span>cuenta<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>recogen <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>\u201cDerechos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>us<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>sob<span class=\"_ _6\"></span>re <span class=\"_ _6\"></span>activos\u201d<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>su<span class=\"_ _6\"></span>s correspondientes a<span class=\"_ _6\"></span>mortizaciones a<span class=\"_ _6\"></span>cumuladas en 202<span class=\"_ _6\"></span>4 y 202<span class=\"_ _6\"></span>3 ha sido el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _33\"> </span><div class=\"c_1 w10f h93 gs2fb\"><div class=\"t_1 m0_1 x2c h1f y56 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _33\"> </span> </div></div>31 de diciembre de 2024<span class=\"_ _33\"> </span> Notas<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Variaciones<span class=\"_ _33\"> </span> del per\u00edmetro<span class=\"_ _33\"> </span> (Nota 6)<span class=\"_ _33\"> </span> Adiciones/<span class=\"_ _33\"> </span> Dotaciones Retiros Traspasos<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/12/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Coste -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica<span class=\"_ _33\"> </span> Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>19.898<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 19.898<span class=\"_ _33\"> </span> Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>10.132<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 1.504 (262)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 11.374<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>23.898<span class=\"_ _33\"> </span> 3.565<span class=\"_ _33\"> </span> 10.843 (3.921)<span class=\"_ _33\"> </span> 6.259<span class=\"_ _33\"> </span> 40.644  Coste  53.928<span class=\"ls0_1\"> </span>  <span class=\"ls9\">3.565  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">12.347  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(4.183)      <span class=\"ls9\">6.259  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">71.916  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>Amortizaci\u00f3n -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica<span class=\"_ _33\"> </span> Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>775<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 384<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 1.159<span class=\"_ _33\"> </span> Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2.288<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 619<span class=\"ls0_1\"> </span>(132)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.775<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>8.574<span class=\"_ _33\"> </span> 454<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>3.914 (1.120)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 11.822  Amortizaci\u00f3n  11.637<span class=\"ls0_1\"> </span>  <span class=\"ls9\">454  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">4.917  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(1.252)                         <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">15.756  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span> Total Neto  42.291<span class=\"ls0_1\"> </span>  <span class=\"ls9\">56.160  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(*) Incluye principalmente arrendamientos de oficinas, veh\u00edculos y otra maquinaria de aprovechamiento forestal.<span class=\"_ _33\"> </span> Miles de euros<span class=\"_ _33\"> </span> 31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> Notas<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Adiciones/<span class=\"_ _33\"> </span> Dotaciones Retiros<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> Coste -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span> 19.898<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - 19.898<span class=\"_ _33\"> </span> Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span> 9.633<span class=\"_ _33\"> </span> 1.581<span class=\"_ _33\"> </span> (1.082) 10.132<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span> 17.383<span class=\"_ _33\"> </span> 8.262<span class=\"_ _33\"> </span> (1.747) 23.898  Coste  46.914<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>9.843<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(2.829) 53.928<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Amortizaci\u00f3n -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>384<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>391<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 775<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2.394<span class=\"_ _33\"> </span> 687<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(793)<span class=\"_ _33\"> </span> 2.288<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>6.399<span class=\"_ _33\"> </span> 3.575<span class=\"_ _33\"> </span> (1.400)<span class=\"_ _33\"> </span> 8.574  Amortizaci\u00f3n  9.177<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.653<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(2.193) 11.637<span class=\"ls0_1\"> </span> Total Neto    <span class=\"ls9\">37.737  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">42.291  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(*) Incluye principalmente arrendamientos de oficinas, veh\u00edculos y otra maquinari<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>de aprovechamiento forestal.<span class=\"_ _33\"> </span>17.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Importes re<span class=\"_ _1\"></span>conocidos en el Esta<span class=\"_ _1\"></span>do de Resultado Cons<span class=\"_ _1\"></span>olidado </span></span>Se <span class=\"_ _10\"></span>detalla <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>continuaci\u00f3n <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>impacto <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _0\"></span><span class=\"ff6\">\u201cAmortizaci\u00f3n<span class=\"_ _6\"></span>\u201d <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>\u201cGas<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>Fina<span class=\"_ _6\"></span>ncieros\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span></span>Estado <span class=\"_ _0\"></span>de Resultado Consolidad<span class=\"_ _6\"></span>o del ejerci<span class=\"_ _1\"></span>cio 2024 y 2023 <span class=\"_ _1\"></span>por arrendamientos reconocidos bajo IFRS-16, as\u00ed como las<span class=\"_ _1\"></span> cuotas paga<span class=\"_ _6\"></span>das en el ejercicio por dicho<span class=\"_ _6\"></span>s contratos d<span class=\"_ _6\"></span>e arrendamiento<span class=\"_ _6\"></span>: Miles de Euros 31 <span class=\"ls2c\">de </span>diciembre de 2024 Notas Amortizaci\u00f3n Gasto Financiero Cuota Arrendamiento Terrenos biof\u00e1brica Pontevedra 13 y 16<span class=\"ls0_1\"> </span>  <span class=\"ls9\">384   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.535    </span>  <span class=\"ls0_1\">1.577    </span>Otros terrenos 13 y 16<span class=\"ls0_1\"> </span>  <span class=\"ls9\">619   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">391   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.053    </span>Otros activos 13 y 16<span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">3.914    </span>  <span class=\"ls9\">898   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">6.420    </span>  <span class=\"ls9\">4.917   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">2.824   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">9.050   <span class=\"ls0_1\"> </span></span>Capitalizaci\u00f3n gastos             <span class=\"ls0_1\">(638)    </span>         <span class=\"ls0_1\">(391)    </span>                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">4.279   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">2.433   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">9.050<span class=\"_ _33\"> </span></span><div class=\"c_1 w125 h23 gs2fd\"><div class=\"t_1 m0_1 x127 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"c_1 w124 h8a gs2fe\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2c\">de </span>diciembre de 2023 </div></div><div class=\"c_1 w55 h8a gs2ff\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Notas </div></div><div class=\"c_1 w82 h8a gs300\"><div class=\"t_1 m0_1 x5a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n </div></div><div class=\"c_1 w126 h8a gs301\"><div class=\"t_1 m0_1 x2a h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto </div><div class=\"t_1 m0_1 x11 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Financiero </div></div><div class=\"c_1 w127 h8a gs302\"><div class=\"t_1 m0_1 x1e h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Cuota </div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamiento </div></div><div class=\"c_1 w124 h80 gs303\"><div class=\"t_1 m0_1 x11 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Terrenos biof\u00e1brica Pontevedra </div></div><div class=\"c_1 w55 h80 gs304\"><div class=\"t_1 m0_1 x87 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">13 y 16<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w82 h80 gs305\"><div class=\"t_1 m0_1 x5b h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">391   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w126 h80 gs306\"><div class=\"t_1 m0_1 x15 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">1.538    </span></div></div><div class=\"c_1 w127 h80 gs307\"><div class=\"t_1 m0_1 x2d h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">1.570    </span></div></div><div class=\"c_1 w124 h80 gs308\"><div class=\"t_1 m0_1 x11 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros terrenos </div></div><div class=\"c_1 w55 h80 gs309\"><div class=\"t_1 m0_1 x87 h1f y53f ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">13 y 16<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w82 h80 gs30a\"><div class=\"t_1 m0_1 x5b h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">687   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w126 h80 gs30b\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">325   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w127 h80 gs30c\"><div class=\"t_1 m0_1 x2d h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">1.106    </span></div></div><div class=\"c_1 w124 h23 gs30d\"><div class=\"t_1 m0_1 x11 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros activos </div></div><div class=\"c_1 w55 h23 gs30e\"><div class=\"t_1 m0_1 x29 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">13y 16<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w82 h23 gs30f\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">3.575    </span></div></div><div class=\"c_1 w126 h23 gs310\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">501   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w127 h23 gs311\"><div class=\"t_1 m0_1 x2d h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">4.705    </span></div></div><div class=\"c_1 w82 h23 gs312\"><div class=\"t_1 m0_1 x13 h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">4.653   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w126 h23 gs313\"><div class=\"t_1 m0_1 x15 h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">2.364   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w127 h23 gs314\"><div class=\"t_1 m0_1 x2d h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">7.381   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w124 h23 gs315\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Capitalizaci\u00f3n gastos </div></div><div class=\"c_1 w82 h23 gs316\"><div class=\"t_1 m0_1 x87 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">(690)    </span></div></div><div class=\"c_1 w126 h23 gs317\"><div class=\"t_1 m0_1 x32 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">           <span class=\"ls0_1\">(322)    </span></div></div><div class=\"c_1 w127 h23 gs318\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">                    <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w82 h23 gs319\"><div class=\"t_1 m0_1 x13 h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">3.963   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w126 h23 gs31a\"><div class=\"t_1 m0_1 x15 h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">2.042   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w127 h23 gs31b\"><div class=\"t_1 m0_1 x2d h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">7.381<span class=\"_ _33\"> </span></span><span class=\"ls9\">   <span class=\"ls0_1\"> </span></span></div></div>El <span class=\"_ _10\"></span>importe <span class=\"_ _0\"></span>reconocido <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>gasto <span class=\"_ _0\"></span>correspond<span class=\"_ _6\"></span>iente <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>arrendamientos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>corto <span class=\"_ _0\"></span>plazo <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>pagos <span class=\"_ _0\"></span>variables <span class=\"_ _0\"></span>no incluidos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>valoraci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>sido <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span><span class=\"lse\">834</span> <span class=\"_ _0\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span></span><span class=\"lse\">942</span> <span class=\"_ _0\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac, </span>respectivamente (v\u00e9as<span class=\"_ _6\"></span>e Nota 12).<span class=\"_ _33\"> </span>Considerando <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>con<span class=\"_ _6\"></span>tratos <span class=\"_ _12\"> </span>vigentes <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>31 <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>di<span class=\"_ _6\"></span>ciembre <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>202<span class=\"_ _6\"></span>4, <span class=\"_ _1a\"> </span>el <span class=\"_ _11\"> </span>gasto<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>amortizaci\u00f3n <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>gasto financiero <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>r\u00f3ximos 5 <span class=\"_ _6\"></span>a\u00f1<span class=\"_ _6\"></span>os, <span class=\"_ _6\"></span>vinculados <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>derechos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>so ser\u00e1 <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span>5,9 <span class=\"_ _6\"></span>millones \u20ac y 2,<span class=\"ff4\">6 </span>millones \u20ac, resp<span class=\"_ _6\"></span>ectivamente (<span class=\"ff4\">3,9 <span class=\"_ _6\"></span></span>millones \u20ac y <span class=\"_ _6\"></span><span class=\"ff4\">2,5 </span>millones \u20ac al 31 de d<span class=\"_ _6\"></span>iciembre de 202<span class=\"_ _6\"></span><span class=\"ff4 lse\">3)<span class=\"ls0_1\">.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-10": {
   "value": "15.<span class=\"ff5 ls0_1\"> <span class=\"_ _c\"></span><span class=\"ff3\">Fo<span class=\"_ _6\"></span>ndo de comercio y otros activos intangibles<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>El <span class=\"_ _6\"></span>movimiento <span class=\"_ _15\"></span>habido <span class=\"_ _15\"></span>durante <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>comercio <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las d<span class=\"_ _6\"></span>iferentes <span class=\"_ _6\"></span>cuenta<span class=\"_ _6\"></span>s<span class=\"_ _33\"> </span> de activos inta<span class=\"_ _6\"></span>ngibles y de sus corresp<span class=\"_ _6\"></span>ondientes amortizacion<span class=\"_ _6\"></span>es y deterioros h<span class=\"_ _6\"></span>a sido el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Miles de euros<span class=\"_ _33\"> </span> 31 de diciembre de 2024<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Variaciones<span class=\"_ _33\"> </span> del<span class=\"_ _33\"> </span> per\u00edmetro<span class=\"_ _33\"> </span> (Nota 6)<span class=\"_ _33\"> </span> Adiciones o<span class=\"_ _33\"> </span> dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones<span class=\"_ _33\"> </span> Traspasos  Saldo al<span class=\"_ _33\"> </span> 31/12/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Fondo de comercio  2.737<span class=\"_ _33\"> </span> 4.813<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 7.550<span class=\"_ _33\"> </span> Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> 37.603<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 4<span class=\"_ _33\"> </span> - 1.212 38.819<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 77<span class=\"ls0_1\"> </span>(3.567)<span class=\"_ _33\"> </span> 116<span class=\"ls0_1\"> </span>15.078<span class=\"_ _33\"> </span> Anticipos<span class=\"_ _33\"> </span> 4.448<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 5.815<span class=\"_ _33\"> </span> - (1.372)<span class=\"_ _33\"> </span> 8.891<span class=\"_ _33\"> </span> Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span> el\u00e9ctrica y biometano<span class=\"_ _33\"> </span> 21.002 18.966<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - 39.968<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> 4.787<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 80<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 44<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.911<span class=\"_ _33\"> </span> Otros activos intangibles  6.185<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 172<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 6.357  <span class=\"ff3\">Total coste </span><span class=\"ff3\"> </span>95.214<span class=\"ls0_1\"> </span>23.779<span class=\"_ _33\"> </span><span class=\"ff4 ls0_1\"> </span>6.148<span class=\"ff4 ls0_1\"> </span>(3.567)<span class=\"_ _33\"> </span><span class=\"ff4\"> </span>-<span class=\"ff4\"> </span>121.574<span class=\"_ _33\"> </span><span class=\"ff4 ls0_1\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> (29.656)<span class=\"_ _33\"> </span> - (2.589)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (32.245)<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> (14.348)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (524)<span class=\"_ _33\"> </span> 713<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (14.159)<span class=\"_ _33\"> </span> Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span> el\u00e9ctrica<span class=\"_ _33\"> </span> (3.170)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (843)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (4.013)<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> (475)<span class=\"_ _33\"> </span> (243)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (718)<span class=\"_ _33\"> </span> Otros activos intangibles<span class=\"_ _33\"> </span> (1.950)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (148)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (2.098)  Total amortizaciones   (49.599)<span class=\"_ _33\"> </span> - (4.347)<span class=\"_ _33\"> </span> 713<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (53.233)  Deterioros de valor (Nota 19)  (6.349)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.860<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (3.489)<span class=\"_ _33\"> </span> Total<span class=\"_ _33\"> </span> 39.266<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>64.852<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Miles de euros<span class=\"_ _33\"> </span> 31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Adiciones o<span class=\"_ _33\"> </span> dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones<span class=\"_ _33\"> </span> Traspasos  Saldo al<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> Fondo de comercio  2.737<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.737<span class=\"_ _33\"> </span> Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> 34.767<span class=\"_ _33\"> </span> 143<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 2.693 37.603<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> Anticipos<span class=\"_ _33\"> </span> 1.758<span class=\"_ _33\"> </span> 5.787<span class=\"_ _33\"> </span> - (3.097)<span class=\"_ _33\"> </span> 4.448<span class=\"_ _33\"> </span> Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 21.002<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 21.002<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> 4.578<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 209<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.787<span class=\"_ _33\"> </span> Otros activos intangibles  6.185<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 6.185  Total coste  89.479<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>5.930<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> (195) 95.214<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> (26.986) (2.670)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (29.656)<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> (13.867)<span class=\"_ _33\"> </span> (480)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (14.347)<span class=\"_ _33\"> </span> Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> (2.327)<span class=\"_ _33\"> </span> (843)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (3.170)<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> (246)<span class=\"_ _33\"> </span> (229)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (475)<span class=\"_ _33\"> </span> Otros activos intangibles<span class=\"_ _33\"> </span> (1.809)<span class=\"_ _33\"> </span> (141)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (1.950)  Total amortizaciones   (45.235) (4.363)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (49.598)  Deterioros de valor (Nota 19<span class=\"ls33\">) </span> (6.337)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 13<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(25) (6.349)<span class=\"_ _33\"> </span> Total<span class=\"_ _33\"> </span> 37.906<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>39.266<span class=\"_ _33\"> </span>Durante 2024 y 2023 no<span class=\"_ _6\"></span> se han realizad<span class=\"_ _6\"></span>o trabajos efectuad<span class=\"_ _6\"></span>os por el Grupo<span class=\"_ _6\"></span> para su inmovilizado in<span class=\"_ _6\"></span>tangible. <span class=\"_ _15\"></span> Los <span class=\"_ _12\"> </span>elementos <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>inmov<span class=\"_ _6\"></span>ilizado <span class=\"_ _12\"> </span>intan<span class=\"_ _6\"></span>gible <span class=\"_ _11\"> </span>to<span class=\"_ _6\"></span>talmente <span class=\"_ _11\"> </span>am<span class=\"_ _6\"></span>ortizados <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>31 <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>diciembre <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>202<span class=\"_ _6\"></span>4 <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>2023<span class=\"ls10\">, </span>principalmente gastos de <span class=\"_ _e\"></span>desarro<span class=\"_ _6\"></span>llo y <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>licaciones inform\u00e1ticas<span class=\"_ _6\"></span> ascend\u00edan a <span class=\"_ _1\"></span>41.860 <span class=\"_ _1\"></span><span class=\"ff6\">miles \u20ac <span class=\"_ _1\"></span>y 3<span class=\"ff4\">7.470 <span class=\"_ _1\"></span><span class=\"ff6\">miles \u20ac, </span></span></span>respectivamente. 15.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Fondo de c<span class=\"_ _1\"></span>omercio<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff8 fc2\"> </span></span>El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio, <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>4.813 miles <span class=\"_ _e\"></span>\u20ac, tiene <span class=\"_ _e\"></span>su origen <span class=\"_ _e\"></span>en la <span class=\"_ _e\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n<span class=\"_ _6\"></span><span class=\"ff4\">, e<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>diciembre <span class=\"_ _e\"></span>de 2024,<span class=\"_ _33\"> </span></span><span class=\"ff4\"> </span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>participaci\u00f3n <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>ostenta <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>Biometag\u00e1s <span class=\"_ _15\"></span>La <span class=\"_ _15\"></span>Galera, <span class=\"_ _6\"></span>S.L.,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tenedora <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ins<span class=\"_ _6\"></span>talaci\u00f3n<span class=\"_ _33\"> </span> de generaci\u00f3n de biom<span class=\"_ _6\"></span>etano (v\u00e9as<span class=\"_ _6\"></span>e Nota 6).<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio<span class=\"ff6\">, por <span class=\"_ _e\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>2.7<span class=\"_ _6\"></span>37 mile<span class=\"_ _1\"></span>s \u20ac,<span class=\"ff4\"> <span class=\"_ _e\"></span>ti<span class=\"_ _6\"></span>ene <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u origen <span class=\"_ _e\"></span>en la <span class=\"_ _e\"></span>adqu<span class=\"_ _6\"></span>isici\u00f3n de <span class=\"_ _e\"></span>la participaci\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue<span class=\"_ _33\"> </span></span></span><span class=\"ff6\"><span class=\"ff4\"> </span></span>ENCE <span class=\"_ _15\"></span>ostenta <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>Energ\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Loma, <span class=\"_ _15\"></span>S.A. <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00edas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>Man<span class=\"_ _6\"></span>cha <span class=\"_ _15\"></span>ENEMAN, <span class=\"_ _15\"></span>S.A.,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>titulares <span class=\"_ _15\"></span>de<span class=\"_ _33\"> </span> las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>b<span class=\"_ _6\"></span>iomasa <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>bicadas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>J<span class=\"_ _6\"></span>a\u00e9n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Ciudad <span class=\"_ _0\"></span>Re<span class=\"_ _6\"></span>al <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>potencia<span class=\"_ _33\"> </span> instalada <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>16 <span class=\"_ _0\"></span>MW <span class=\"_ _11\"> </span>cada <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ellas<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span>Al <span class=\"_ _11\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>encuentra <span class=\"_ _11\"></span>\u00edntegramente<span class=\"_ _33\"> </span> deteriorado (v\u00e9ase Nota<span class=\"_ _6\"></span> 19).<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-568": {
   "value": "15.<span class=\"ff5 ls0_1\"> <span class=\"_ _c\"></span><span class=\"ff3\">Fo<span class=\"_ _6\"></span>ndo de comercio y otros activos intangibles<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>El <span class=\"_ _6\"></span>movimiento <span class=\"_ _15\"></span>habido <span class=\"_ _15\"></span>durante <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>comercio <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las d<span class=\"_ _6\"></span>iferentes <span class=\"_ _6\"></span>cuenta<span class=\"_ _6\"></span>s<span class=\"_ _33\"> </span> de activos inta<span class=\"_ _6\"></span>ngibles y de sus corresp<span class=\"_ _6\"></span>ondientes amortizacion<span class=\"_ _6\"></span>es y deterioros h<span class=\"_ _6\"></span>a sido el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Miles de euros<span class=\"_ _33\"> </span> 31 de diciembre de 2024<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Variaciones<span class=\"_ _33\"> </span> del<span class=\"_ _33\"> </span> per\u00edmetro<span class=\"_ _33\"> </span> (Nota 6)<span class=\"_ _33\"> </span> Adiciones o<span class=\"_ _33\"> </span> dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones<span class=\"_ _33\"> </span> Traspasos  Saldo al<span class=\"_ _33\"> </span> 31/12/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Fondo de comercio  2.737<span class=\"_ _33\"> </span> 4.813<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 7.550<span class=\"_ _33\"> </span> Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> 37.603<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 4<span class=\"_ _33\"> </span> - 1.212 38.819<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 77<span class=\"ls0_1\"> </span>(3.567)<span class=\"_ _33\"> </span> 116<span class=\"ls0_1\"> </span>15.078<span class=\"_ _33\"> </span> Anticipos<span class=\"_ _33\"> </span> 4.448<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 5.815<span class=\"_ _33\"> </span> - (1.372)<span class=\"_ _33\"> </span> 8.891<span class=\"_ _33\"> </span> Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span> el\u00e9ctrica y biometano<span class=\"_ _33\"> </span> 21.002 18.966<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - 39.968<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> 4.787<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 80<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 44<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.911<span class=\"_ _33\"> </span> Otros activos intangibles  6.185<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 172<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 6.357  <span class=\"ff3\">Total coste </span><span class=\"ff3\"> </span>95.214<span class=\"ls0_1\"> </span>23.779<span class=\"_ _33\"> </span><span class=\"ff4 ls0_1\"> </span>6.148<span class=\"ff4 ls0_1\"> </span>(3.567)<span class=\"_ _33\"> </span><span class=\"ff4\"> </span>-<span class=\"ff4\"> </span>121.574<span class=\"_ _33\"> </span><span class=\"ff4 ls0_1\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> (29.656)<span class=\"_ _33\"> </span> - (2.589)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (32.245)<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> (14.348)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (524)<span class=\"_ _33\"> </span> 713<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (14.159)<span class=\"_ _33\"> </span> Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span> el\u00e9ctrica<span class=\"_ _33\"> </span> (3.170)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (843)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (4.013)<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> (475)<span class=\"_ _33\"> </span> (243)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (718)<span class=\"_ _33\"> </span> Otros activos intangibles<span class=\"_ _33\"> </span> (1.950)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (148)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (2.098)  Total amortizaciones   (49.599)<span class=\"_ _33\"> </span> - (4.347)<span class=\"_ _33\"> </span> 713<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (53.233)  Deterioros de valor (Nota 19)  (6.349)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.860<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (3.489)<span class=\"_ _33\"> </span> Total<span class=\"_ _33\"> </span> 39.266<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>64.852<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Miles de euros<span class=\"_ _33\"> </span> 31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Adiciones o<span class=\"_ _33\"> </span> dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones<span class=\"_ _33\"> </span> Traspasos  Saldo al<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> Fondo de comercio  2.737<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.737<span class=\"_ _33\"> </span> Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> 34.767<span class=\"_ _33\"> </span> 143<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 2.693 37.603<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> Anticipos<span class=\"_ _33\"> </span> 1.758<span class=\"_ _33\"> </span> 5.787<span class=\"_ _33\"> </span> - (3.097)<span class=\"_ _33\"> </span> 4.448<span class=\"_ _33\"> </span> Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 21.002<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 21.002<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> 4.578<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 209<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.787<span class=\"_ _33\"> </span> Otros activos intangibles  6.185<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 6.185  Total coste  89.479<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>5.930<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> (195) 95.214<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> (26.986) (2.670)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (29.656)<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> (13.867)<span class=\"_ _33\"> </span> (480)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (14.347)<span class=\"_ _33\"> </span> Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> (2.327)<span class=\"_ _33\"> </span> (843)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (3.170)<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> (246)<span class=\"_ _33\"> </span> (229)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (475)<span class=\"_ _33\"> </span> Otros activos intangibles<span class=\"_ _33\"> </span> (1.809)<span class=\"_ _33\"> </span> (141)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (1.950)  Total amortizaciones   (45.235) (4.363)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (49.598)  Deterioros de valor (Nota 19<span class=\"ls33\">) </span> (6.337)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 13<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(25) (6.349)<span class=\"_ _33\"> </span> Total<span class=\"_ _33\"> </span> 37.906<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>39.266<span class=\"_ _33\"> </span>15.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Fondo de c<span class=\"_ _1\"></span>omercio<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff8 fc2\"> </span></span>El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio, <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>4.813 miles <span class=\"_ _e\"></span>\u20ac, tiene <span class=\"_ _e\"></span>su origen <span class=\"_ _e\"></span>en la <span class=\"_ _e\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n<span class=\"_ _6\"></span><span class=\"ff4\">, e<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>diciembre <span class=\"_ _e\"></span>de 2024,<span class=\"_ _33\"> </span></span><span class=\"ff4\"> </span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>participaci\u00f3n <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>ostenta <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>Biometag\u00e1s <span class=\"_ _15\"></span>La <span class=\"_ _15\"></span>Galera, <span class=\"_ _6\"></span>S.L.,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tenedora <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ins<span class=\"_ _6\"></span>talaci\u00f3n<span class=\"_ _33\"> </span> de generaci\u00f3n de biom<span class=\"_ _6\"></span>etano (v\u00e9as<span class=\"_ _6\"></span>e Nota 6).<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio<span class=\"ff6\">, por <span class=\"_ _e\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>2.7<span class=\"_ _6\"></span>37 mile<span class=\"_ _1\"></span>s \u20ac,<span class=\"ff4\"> <span class=\"_ _e\"></span>ti<span class=\"_ _6\"></span>ene <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u origen <span class=\"_ _e\"></span>en la <span class=\"_ _e\"></span>adqu<span class=\"_ _6\"></span>isici\u00f3n de <span class=\"_ _e\"></span>la participaci\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue<span class=\"_ _33\"> </span></span></span><span class=\"ff6\"><span class=\"ff4\"> </span></span>ENCE <span class=\"_ _15\"></span>ostenta <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>Energ\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Loma, <span class=\"_ _15\"></span>S.A. <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00edas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>Man<span class=\"_ _6\"></span>cha <span class=\"_ _15\"></span>ENEMAN, <span class=\"_ _15\"></span>S.A.,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>titulares <span class=\"_ _15\"></span>de<span class=\"_ _33\"> </span> las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>b<span class=\"_ _6\"></span>iomasa <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>bicadas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>J<span class=\"_ _6\"></span>a\u00e9n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Ciudad <span class=\"_ _0\"></span>Re<span class=\"_ _6\"></span>al <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>potencia<span class=\"_ _33\"> </span> instalada <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>16 <span class=\"_ _0\"></span>MW <span class=\"_ _11\"> </span>cada <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ellas<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span>Al <span class=\"_ _11\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>encuentra <span class=\"_ _11\"></span>\u00edntegramente<span class=\"_ _33\"> </span> deteriorado (v\u00e9ase Nota<span class=\"_ _6\"></span> 19).<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-584": {
   "value": "15.<span class=\"ff5 ls0_1\"> <span class=\"_ _c\"></span><span class=\"ff3\">Fo<span class=\"_ _6\"></span>ndo de comercio y otros activos intangibles<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>El <span class=\"_ _6\"></span>movimiento <span class=\"_ _15\"></span>habido <span class=\"_ _15\"></span>durante <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>comercio <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las d<span class=\"_ _6\"></span>iferentes <span class=\"_ _6\"></span>cuenta<span class=\"_ _6\"></span>s<span class=\"_ _33\"> </span> de activos inta<span class=\"_ _6\"></span>ngibles y de sus corresp<span class=\"_ _6\"></span>ondientes amortizacion<span class=\"_ _6\"></span>es y deterioros h<span class=\"_ _6\"></span>a sido el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Miles de euros<span class=\"_ _33\"> </span> 31 de diciembre de 2024<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Variaciones<span class=\"_ _33\"> </span> del<span class=\"_ _33\"> </span> per\u00edmetro<span class=\"_ _33\"> </span> (Nota 6)<span class=\"_ _33\"> </span> Adiciones o<span class=\"_ _33\"> </span> dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones<span class=\"_ _33\"> </span> Traspasos  Saldo al<span class=\"_ _33\"> </span> 31/12/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Fondo de comercio  2.737<span class=\"_ _33\"> </span> 4.813<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 7.550<span class=\"_ _33\"> </span> Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> 37.603<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 4<span class=\"_ _33\"> </span> - 1.212 38.819<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 77<span class=\"ls0_1\"> </span>(3.567)<span class=\"_ _33\"> </span> 116<span class=\"ls0_1\"> </span>15.078<span class=\"_ _33\"> </span> Anticipos<span class=\"_ _33\"> </span> 4.448<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 5.815<span class=\"_ _33\"> </span> - (1.372)<span class=\"_ _33\"> </span> 8.891<span class=\"_ _33\"> </span> Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span> el\u00e9ctrica y biometano<span class=\"_ _33\"> </span> 21.002 18.966<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - 39.968<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> 4.787<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 80<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 44<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.911<span class=\"_ _33\"> </span> Otros activos intangibles  6.185<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 172<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 6.357  <span class=\"ff3\">Total coste </span><span class=\"ff3\"> </span>95.214<span class=\"ls0_1\"> </span>23.779<span class=\"_ _33\"> </span><span class=\"ff4 ls0_1\"> </span>6.148<span class=\"ff4 ls0_1\"> </span>(3.567)<span class=\"_ _33\"> </span><span class=\"ff4\"> </span>-<span class=\"ff4\"> </span>121.574<span class=\"_ _33\"> </span><span class=\"ff4 ls0_1\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> (29.656)<span class=\"_ _33\"> </span> - (2.589)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (32.245)<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> (14.348)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (524)<span class=\"_ _33\"> </span> 713<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (14.159)<span class=\"_ _33\"> </span> Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span> el\u00e9ctrica<span class=\"_ _33\"> </span> (3.170)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (843)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (4.013)<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> (475)<span class=\"_ _33\"> </span> (243)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (718)<span class=\"_ _33\"> </span> Otros activos intangibles<span class=\"_ _33\"> </span> (1.950)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (148)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (2.098)  Total amortizaciones   (49.599)<span class=\"_ _33\"> </span> - (4.347)<span class=\"_ _33\"> </span> 713<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (53.233)  Deterioros de valor (Nota 19)  (6.349)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.860<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (3.489)<span class=\"_ _33\"> </span> Total<span class=\"_ _33\"> </span> 39.266<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>64.852<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Miles de euros<span class=\"_ _33\"> </span> 31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Adiciones o<span class=\"_ _33\"> </span> dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones<span class=\"_ _33\"> </span> Traspasos  Saldo al<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> Fondo de comercio  2.737<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.737<span class=\"_ _33\"> </span> Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> 34.767<span class=\"_ _33\"> </span> 143<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 2.693 37.603<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 18.452<span class=\"_ _33\"> </span> Anticipos<span class=\"_ _33\"> </span> 1.758<span class=\"_ _33\"> </span> 5.787<span class=\"_ _33\"> </span> - (3.097)<span class=\"_ _33\"> </span> 4.448<span class=\"_ _33\"> </span> Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 21.002<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 21.002<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> 4.578<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 209<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.787<span class=\"_ _33\"> </span> Otros activos intangibles  6.185<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 6.185  Total coste  89.479<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>5.930<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> (195) 95.214<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span> (26.986) (2.670)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (29.656)<span class=\"_ _33\"> </span> Gastos de desarrollo<span class=\"_ _33\"> </span> (13.867)<span class=\"_ _33\"> </span> (480)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (14.347)<span class=\"_ _33\"> </span> Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> (2.327)<span class=\"_ _33\"> </span> (843)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (3.170)<span class=\"_ _33\"> </span> Derechos de riego<span class=\"_ _33\"> </span> (246)<span class=\"_ _33\"> </span> (229)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (475)<span class=\"_ _33\"> </span> Otros activos intangibles<span class=\"_ _33\"> </span> (1.809)<span class=\"_ _33\"> </span> (141)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (1.950)  Total amortizaciones   (45.235) (4.363)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - (49.598)  Deterioros de valor (Nota 19<span class=\"ls33\">) </span> (6.337)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 13<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(25) (6.349)<span class=\"_ _33\"> </span> Total<span class=\"_ _33\"> </span> 37.906<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>39.266<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Durante 2024 y 2023 no<span class=\"_ _6\"></span> se han realizad<span class=\"_ _6\"></span>o trabajos efectuad<span class=\"_ _6\"></span>os por el Grupo<span class=\"_ _6\"></span> para su inmovilizado in<span class=\"_ _6\"></span>tangible. <span class=\"_ _15\"></span> Los <span class=\"_ _12\"> </span>elementos <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>inmov<span class=\"_ _6\"></span>ilizado <span class=\"_ _12\"> </span>intan<span class=\"_ _6\"></span>gible <span class=\"_ _11\"> </span>to<span class=\"_ _6\"></span>talmente <span class=\"_ _11\"> </span>am<span class=\"_ _6\"></span>ortizados <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>31 <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>diciembre <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>202<span class=\"_ _6\"></span>4 <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>2023<span class=\"ls10\">, </span>principalmente gastos de <span class=\"_ _e\"></span>desarro<span class=\"_ _6\"></span>llo y <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>licaciones inform\u00e1ticas<span class=\"_ _6\"></span> ascend\u00edan a <span class=\"_ _1\"></span>41.860 <span class=\"_ _1\"></span><span class=\"ff6\">miles \u20ac <span class=\"_ _1\"></span>y 3<span class=\"ff4\">7.470 <span class=\"_ _1\"></span><span class=\"ff6\">miles \u20ac, </span></span></span>respectivamente. 15.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Fondo de c<span class=\"_ _1\"></span>omercio<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff8 fc2\"> </span></span>El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio, <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>4.813 miles <span class=\"_ _e\"></span>\u20ac, tiene <span class=\"_ _e\"></span>su origen <span class=\"_ _e\"></span>en la <span class=\"_ _e\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n<span class=\"_ _6\"></span><span class=\"ff4\">, e<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>diciembre <span class=\"_ _e\"></span>de 2024,<span class=\"_ _33\"> </span></span><span class=\"ff4\"> </span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>participaci\u00f3n <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>ostenta <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>Biometag\u00e1s <span class=\"_ _15\"></span>La <span class=\"_ _15\"></span>Galera, <span class=\"_ _6\"></span>S.L.,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tenedora <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ins<span class=\"_ _6\"></span>talaci\u00f3n<span class=\"_ _33\"> </span> de generaci\u00f3n de biom<span class=\"_ _6\"></span>etano (v\u00e9as<span class=\"_ _6\"></span>e Nota 6).<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio<span class=\"ff6\">, por <span class=\"_ _e\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>2.7<span class=\"_ _6\"></span>37 mile<span class=\"_ _1\"></span>s \u20ac,<span class=\"ff4\"> <span class=\"_ _e\"></span>ti<span class=\"_ _6\"></span>ene <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u origen <span class=\"_ _e\"></span>en la <span class=\"_ _e\"></span>adqu<span class=\"_ _6\"></span>isici\u00f3n de <span class=\"_ _e\"></span>la participaci\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue<span class=\"_ _33\"> </span></span></span><span class=\"ff6\"><span class=\"ff4\"> </span></span>ENCE <span class=\"_ _15\"></span>ostenta <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>Energ\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Loma, <span class=\"_ _15\"></span>S.A. <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00edas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>Man<span class=\"_ _6\"></span>cha <span class=\"_ _15\"></span>ENEMAN, <span class=\"_ _15\"></span>S.A.,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>titulares <span class=\"_ _15\"></span>de<span class=\"_ _33\"> </span> las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>b<span class=\"_ _6\"></span>iomasa <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>bicadas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>J<span class=\"_ _6\"></span>a\u00e9n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Ciudad <span class=\"_ _0\"></span>Re<span class=\"_ _6\"></span>al <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>potencia<span class=\"_ _33\"> </span> instalada <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>16 <span class=\"_ _0\"></span>MW <span class=\"_ _11\"> </span>cada <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ellas<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span>Al <span class=\"_ _11\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>encuentra <span class=\"_ _11\"></span>\u00edntegramente<span class=\"_ _33\"> </span> deteriorado (v\u00e9ase Nota<span class=\"_ _6\"></span> 19).<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-604": {
   "value": "15.<span class=\"ff5 ls0_1\"> <span class=\"_ _c\"></span><span class=\"ff3\">Fo<span class=\"_ _6\"></span>ndo de comercio y otros activos intangibles<span class=\"_ _33\"> </span></span></span>El <span class=\"_ _6\"></span>movimiento <span class=\"_ _15\"></span>habido <span class=\"_ _15\"></span>durante <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>fond<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>comercio <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las d<span class=\"_ _6\"></span>iferentes <span class=\"_ _6\"></span>cuenta<span class=\"_ _6\"></span>s<span class=\"_ _33\"> </span>de activos inta<span class=\"_ _6\"></span>ngibles y de sus corresp<span class=\"_ _6\"></span>ondientes amortizacion<span class=\"_ _6\"></span>es y deterioros h<span class=\"_ _6\"></span>a sido el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>Miles de euros<span class=\"_ _33\"> </span>31 de diciembre de 2024<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>01/01/2024<span class=\"_ _33\"> </span>Variaciones<span class=\"_ _33\"> </span>del<span class=\"_ _33\"> </span>per\u00edmetro<span class=\"_ _33\"> </span>(Nota 6)<span class=\"_ _33\"> </span>Adiciones o<span class=\"_ _33\"> </span>dotaciones<span class=\"_ _33\"> </span>Retiros o<span class=\"_ _33\"> </span>reducciones<span class=\"_ _33\"> </span>Traspasos Saldo al<span class=\"_ _33\"> </span>31/12/2024<span class=\"_ _33\"> </span>Fondo de comercio 2.737<span class=\"_ _33\"> </span>4.813<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>7.550<span class=\"_ _33\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span>37.603<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>4<span class=\"_ _33\"> </span>-1.21238.819<span class=\"_ _33\"> </span>Gastos de desarrollo<span class=\"_ _33\"> </span>18.452<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>77(3.567)<span class=\"_ _33\"> </span>11615.078<span class=\"_ _33\"> </span>Anticipos<span class=\"_ _33\"> </span>4.448<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>5.815<span class=\"_ _33\"> </span>-(1.372)<span class=\"_ _33\"> </span>8.891<span class=\"_ _33\"> </span>Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span>el\u00e9ctrica y biometano<span class=\"_ _33\"> </span>21.00218.966<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-39.968<span class=\"_ _33\"> </span>Derechos de riego<span class=\"_ _33\"> </span>4.787<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>80<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>44<span class=\"_ _33\"> </span>4.911<span class=\"_ _33\"> </span>Otros activos intangibles 6.185<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>172<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>6.357 <span class=\"ff3\">Total coste </span>95.21423.779<span class=\"_ _33\"> </span>6.148(3.567)<span class=\"_ _33\"> </span>-121.574<span class=\"_ _33\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span>(29.656)<span class=\"_ _33\"> </span>-(2.589)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-(32.245)<span class=\"_ _33\"> </span>Gastos de desarrollo<span class=\"_ _33\"> </span>(14.348)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(524)<span class=\"_ _33\"> </span>713<span class=\"_ _33\"> </span>-(14.159)<span class=\"_ _33\"> </span>Derechos <span class=\"_ _28\"> </span>de <span class=\"_ _28\"> </span>generaci\u00f3n <span class=\"_ _28\"> </span>de <span class=\"_ _21\"> </span>energ\u00eda<span class=\"_ _33\"> </span>el\u00e9ctrica<span class=\"_ _33\"> </span>(3.170)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(843)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-(4.013)<span class=\"_ _33\"> </span>Derechos de riego<span class=\"_ _33\"> </span>(475)<span class=\"_ _33\"> </span>(243)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(718)<span class=\"_ _33\"> </span>Otros activos intangibles<span class=\"_ _33\"> </span>(1.950)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(148)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-(2.098) Total amortizaciones  (49.599)<span class=\"_ _33\"> </span>-(4.347)<span class=\"_ _33\"> </span>713<span class=\"_ _33\"> </span>-(53.233) Deterioros de valor (Nota 19) (6.349)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.860<span class=\"_ _33\"> </span>-(3.489)<span class=\"_ _33\"> </span>Total<span class=\"_ _33\"> </span>39.266<span class=\"_ _33\"> </span>64.852<span class=\"_ _33\"> </span>Miles de euros<span class=\"_ _33\"> </span>31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span>Adiciones o<span class=\"_ _33\"> </span>dotaciones<span class=\"_ _33\"> </span>Retiros o<span class=\"_ _33\"> </span>reducciones<span class=\"_ _33\"> </span>Traspasos Saldo al<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span>Fondo de comercio 2.737<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.737<span class=\"_ _33\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span>34.767<span class=\"_ _33\"> </span>143<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.69337.603<span class=\"_ _33\"> </span>Gastos de desarrollo<span class=\"_ _33\"> </span>18.452<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>18.452<span class=\"_ _33\"> </span>Anticipos<span class=\"_ _33\"> </span>1.758<span class=\"_ _33\"> </span>5.787<span class=\"_ _33\"> </span>-(3.097)<span class=\"_ _33\"> </span>4.448<span class=\"_ _33\"> </span>Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span>21.002<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>21.002<span class=\"_ _33\"> </span>Derechos de riego<span class=\"_ _33\"> </span>4.578<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>209<span class=\"_ _33\"> </span>4.787<span class=\"_ _33\"> </span>Otros activos intangibles 6.185<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>6.185 Total coste 89.479<span class=\"_ _33\"> </span>5.930<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(195)95.214<span class=\"_ _33\"> </span>Aplicaciones inform\u00e1ticas<span class=\"_ _33\"> </span>(26.986)(2.670)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-(29.656)<span class=\"_ _33\"> </span>Gastos de desarrollo<span class=\"_ _33\"> </span>(13.867)<span class=\"_ _33\"> </span>(480)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-(14.347)<span class=\"_ _33\"> </span>Derechos de generaci\u00f3n de energ\u00eda el\u00e9ctri<span class=\"_ _1\"></span>ca<span class=\"_ _33\"> </span>(2.327)<span class=\"_ _33\"> </span>(843)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-(3.170)<span class=\"_ _33\"> </span>Derechos de riego<span class=\"_ _33\"> </span>(246)<span class=\"_ _33\"> </span>(229)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(475)<span class=\"_ _33\"> </span>Otros activos intangibles<span class=\"_ _33\"> </span>(1.809)<span class=\"_ _33\"> </span>(141)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-(1.950) Total amortizaciones  (45.235)(4.363)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-(49.598) Deterioros de valor (Nota 19<span class=\"ls33\">) </span>(6.337)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>13<span class=\"_ _33\"> </span>(25)(6.349)<span class=\"_ _33\"> </span>Total<span class=\"_ _33\"> </span>37.906<span class=\"_ _33\"> </span>39.266<span class=\"_ _33\"> </span>15.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Fondo de c<span class=\"_ _1\"></span>omercio<span class=\"_ _33\"> </span></span></span>El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio, <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>4.813 miles <span class=\"_ _e\"></span>\u20ac, tiene <span class=\"_ _e\"></span>su origen <span class=\"_ _e\"></span>en la <span class=\"_ _e\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n<span class=\"_ _6\"></span><span class=\"ff4\">, e<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>diciembre <span class=\"_ _e\"></span>de 2024,<span class=\"_ _33\"> </span></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>participaci\u00f3n <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>ostenta <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>Biometag\u00e1s <span class=\"_ _15\"></span>La <span class=\"_ _15\"></span>Galera, <span class=\"_ _6\"></span>S.L.,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tenedora <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ins<span class=\"_ _6\"></span>talaci\u00f3n<span class=\"_ _33\"> </span>de generaci\u00f3n de biom<span class=\"_ _6\"></span>etano (v\u00e9as<span class=\"_ _6\"></span>e Nota 6).<span class=\"_ _33\"> </span>El <span class=\"_ _1\"></span>fondo de <span class=\"_ _e\"></span>comercio<span class=\"ff6\">, por <span class=\"_ _e\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>2.7<span class=\"_ _6\"></span>37 mile<span class=\"_ _1\"></span>s \u20ac,<span class=\"ff4\"> <span class=\"_ _e\"></span>ti<span class=\"_ _6\"></span>ene <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>u origen <span class=\"_ _e\"></span>en la <span class=\"_ _e\"></span>adqu<span class=\"_ _6\"></span>isici\u00f3n de <span class=\"_ _e\"></span>la participaci\u00f3n <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue<span class=\"_ _33\"> </span></span></span>ENCE <span class=\"_ _15\"></span>ostenta <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>Energ\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Loma, <span class=\"_ _15\"></span>S.A. <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nerg\u00edas <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>Man<span class=\"_ _6\"></span>cha <span class=\"_ _15\"></span>ENEMAN, <span class=\"_ _15\"></span>S.A.,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sociedad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>titulares <span class=\"_ _15\"></span>de<span class=\"_ _33\"> </span>las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>b<span class=\"_ _6\"></span>iomasa <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>bicadas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>J<span class=\"_ _6\"></span>a\u00e9n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Ciudad <span class=\"_ _0\"></span>Re<span class=\"_ _6\"></span>al <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>potencia<span class=\"_ _33\"> </span>instalada <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>16 <span class=\"_ _0\"></span>MW <span class=\"_ _11\"> </span>cada <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ellas<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span>Al <span class=\"_ _11\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>encuentra <span class=\"_ _11\"></span>\u00edntegramente<span class=\"_ _33\"> </span>deteriorado (v\u00e9ase Nota<span class=\"_ _6\"></span> 19).<span class=\"_ _33\"> </span>16.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Propiedad, planta y equipo<span class=\"_ _33\"> </span></span></span>El  movimiento <span class=\"_ _18\"> </span>habido  en  la<span class=\"_ _6\"></span>s  diferentes  cu<span class=\"_ _6\"></span>entas  d<span class=\"_ _6\"></span>e  este  ep\u00edgra<span class=\"_ _6\"></span>fe  del  Es<span class=\"_ _6\"></span>tado  de  Sit<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _18\"> </span>Financiera<span class=\"_ _33\"> </span>consolidado <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de s<span class=\"_ _6\"></span>us <span class=\"_ _6\"></span>correspondientes <span class=\"_ _6\"></span>amortizaciones <span class=\"_ _6\"></span>acu<span class=\"_ _6\"></span>muladas <span class=\"_ _6\"></span>en los<span class=\"_ _6\"></span> ejercicios<span class=\"_ _6\"></span> 202<span class=\"_ _15\"></span>4 y <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>sido <span class=\"_ _6\"></span>el<span class=\"_ _33\"> </span>siguiente:<span class=\"_ _33\"> </span>Miles de euros<span class=\"_ _33\"> </span>31 de diciembre de 2024<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>01/01/2024<span class=\"_ _33\"> </span>Variaciones<span class=\"_ _33\"> </span>del<span class=\"_ _33\"> </span>per\u00edmetro<span class=\"_ _33\"> </span>(Nota 6)<span class=\"_ _33\"> </span>Adiciones<span class=\"_ _33\"> </span>o<span class=\"_ _33\"> </span>Dotaciones<span class=\"_ _33\"> </span>Retiros o<span class=\"_ _33\"> </span>reduccionesTraspasos Diferencias<span class=\"_ _33\"> </span>de<span class=\"_ _33\"> </span>conversi\u00f3n<span class=\"_ _33\"> </span>y otros<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>31/12/2024<span class=\"_ _33\"> </span>Terrenos forestales<span class=\"_ _33\"> </span>87.856  -<span class=\"ls22\">  </span>16  -<span class=\"ls22\">  </span>-<span class=\"ls22\">  </span>-<span class=\"ls22\">  </span>87.872  Otros terrenos<span class=\"_ _33\"> </span>16.705  161  238  -<span class=\"ls22\">  </span>398 8  17.510  Construcciones<span class=\"_ _33\"> </span>166.250  2.970  160  (302)  3.023 -<span class=\"ls22\">  </span>172.101  Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span>1.878.461  423  1.821  (16.700)  25.036 5  1.889.046  Otro inmovilizado<span class=\"_ _33\"> </span>59.599  85  -<span class=\"ls22\">  </span>(1.622)  4.026 1  62.089  Anticipos e inmovilizado en curso<span class=\"_ _33\"> </span>43.642  -<span class=\"ls22\">  </span>54.828  (1.235)  (38.138)  -<span class=\"ls22\">  </span>59.097  Derecho de uso (Nota 17)<span class=\"_ _33\"> </span>53.928  3.565  12.347  (4.183)  6.259 -<span class=\"ls22\">  </span>71.916   Total coste 2.306.441  7.204  69.410  (24.042)  604 14  2.359.631  Construcciones<span class=\"_ _33\"> </span>(78.818)  (738)  (5.152)  302  -<span class=\"ls22\">  </span>-<span class=\"ls22\">  </span>(84.406)  Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span>(1.157.573)  (107)  (73.984)  13.180  -<span class=\"ls22\">  </span>(5)  (1.218.489)  Otro inmovilizado<span class=\"_ _33\"> </span>(36.997)  (73)  (3.036)  1.531  15  (1)  (38.561)  Derecho de uso (Nota 17)<span class=\"_ _33\"> </span>(11.637)  (454)  (4.917)  1.252  -<span class=\"ls22\">  </span>-<span class=\"ls22\">  </span>(15.756)   Total amortizaciones (1.285.025)  (1.372)  (87.089)  16.265  15  (6) (1.357.212)   Deterioros de valor (Nota 19) (32.417)  -<span class=\"ls22\">  </span>(228)  4.846  -<span class=\"ls22\">  </span>-<span class=\"ls22\">  </span>(27.799)   Total Neto 988.999  974.620  Miles de euros<span class=\"_ _33\"> </span>31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span>Adiciones o<span class=\"_ _33\"> </span>Dotaciones<span class=\"_ _33\"> </span>Retiros o<span class=\"_ _33\"> </span>reduccionesTraspasos Diferencias de<span class=\"_ _33\"> </span>conversi\u00f3n y<span class=\"_ _33\"> </span>otros<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span>Terrenos forestales<span class=\"_ _33\"> </span>83.794<span class=\"_ _33\"> </span>4.062<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>87.856<span class=\"_ _33\"> </span>Otros terrenos<span class=\"_ _33\"> </span>15.262<span class=\"_ _33\"> </span>1.369<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>79<span class=\"_ _33\"> </span>(5)<span class=\"_ _33\"> </span>16.705<span class=\"_ _33\"> </span>Construcciones<span class=\"_ _33\"> </span>160.827<span class=\"_ _33\"> </span>425<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>4.998<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>166.250<span class=\"_ _33\"> </span>Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span>1.835.754<span class=\"_ _33\"> </span>3.171<span class=\"_ _33\"> </span>(1.555)41.094<span class=\"_ _33\"> </span>(3)1.878.461<span class=\"_ _33\"> </span>Otro inmovilizado<span class=\"_ _33\"> </span>56.700<span class=\"_ _33\"> </span>93<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.806<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>59.599<span class=\"_ _33\"> </span>Anticipos e inmovilizado en curso<span class=\"_ _33\"> </span>25.169<span class=\"_ _33\"> </span>68.695<span class=\"_ _33\"> </span>(1.871)(48.351)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>43.642<span class=\"_ _33\"> </span>Derecho de uso (Nota 17)<span class=\"_ _33\"> </span>47.345<span class=\"_ _33\"> </span>9.843<span class=\"_ _33\"> </span>(2.829)<span class=\"_ _33\"> </span>(431)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>53.928 Total coste 2.224.851<span class=\"_ _33\"> </span>87.658<span class=\"_ _33\"> </span>(6.255)<span class=\"_ _33\"> </span>195<span class=\"_ _33\"> </span>(8)2.306.441<span class=\"_ _33\"> </span>Construcciones<span class=\"_ _33\"> </span>(73.370)(5.448)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(78.818)<span class=\"_ _33\"> </span>Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span>(1.081.064)(76.562)<span class=\"_ _33\"> </span>44<span class=\"_ _33\"> </span>6<span class=\"_ _33\"> </span>3(1.157.573)<span class=\"_ _33\"> </span>Otro inmovilizado<span class=\"_ _33\"> </span>(34.248)(2.749)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(36.997)<span class=\"_ _33\"> </span>Derecho de uso (Nota 17)<span class=\"_ _33\"> </span>(9.177)(4.653)<span class=\"_ _33\"> </span>2.193<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(11.637) Total amortizaciones (1.197.859)(89.412)<span class=\"_ _33\"> </span>2.237<span class=\"_ _33\"> </span>6<span class=\"_ _33\"> </span>3(1.285.025) Deterioros de valor (Nota 19<span class=\"ls33\">) </span>(43.116)(2.853)<span class=\"_ _33\"> </span>13.527<span class=\"_ _33\"> </span>25<span class=\"_ _33\"> </span>-(32.417) Total Neto 983.876<span class=\"_ _33\"> </span>988.999<span class=\"_ _33\"> </span>Los activos<span class=\"_ _6\"></span> productivos del Grupo s<span class=\"_ _6\"></span>e ubican <span class=\"_ _6\"></span>mayoritariamente <span class=\"_ _6\"></span>en Espa\u00f1<span class=\"_ _6\"></span>a.<span class=\"_ _33\"> </span>17.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Activos por de<span class=\"_ _1\"></span>rechos de uso </span></span>El <span class=\"_ _15\"></span>movimiento <span class=\"_ _15\"></span>habido <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>diferentes <span class=\"_ _15\"></span>cuenta<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>recogen <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>\u201cDerechos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>us<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>sob<span class=\"_ _6\"></span>re <span class=\"_ _6\"></span>activos\u201d<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>su<span class=\"_ _6\"></span>s correspondientes a<span class=\"_ _6\"></span>mortizaciones a<span class=\"_ _6\"></span>cumuladas en 202<span class=\"_ _6\"></span>4 y 202<span class=\"_ _6\"></span>3 ha sido el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _33\"> </span> Miles de euros<span class=\"_ _33\"> </span>31 de diciembre de 2024<span class=\"_ _33\"> </span>Notas<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>01/01/2024<span class=\"_ _33\"> </span>Variaciones<span class=\"_ _33\"> </span>del per\u00edmetro<span class=\"_ _33\"> </span>(Nota 6)<span class=\"_ _33\"> </span>Adiciones/<span class=\"_ _33\"> </span>DotacionesRetirosTraspasos<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>31/12/2024<span class=\"_ _33\"> </span>Coste -<span class=\"_ _33\"> </span>Terrenos biof\u00e1brica<span class=\"_ _33\"> </span>Pontevedra<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>19.898<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>19.898<span class=\"_ _33\"> </span>Arriendos forestales<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>10.132<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>1.504(262)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>11.374<span class=\"_ _33\"> </span>Resto (*)<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>23.898<span class=\"_ _33\"> </span>3.565<span class=\"_ _33\"> </span>10.843(3.921)<span class=\"_ _33\"> </span>6.259<span class=\"_ _33\"> </span>40.644 Coste 53.928  <span class=\"ls9\">3.565  </span>  <span class=\"ls9\">12.347  </span>(4.183)    <span class=\"ls9\">6.259  </span>  <span class=\"ls9\">71.916  </span>Amortizaci\u00f3n -<span class=\"_ _33\"> </span>Terrenos biof\u00e1brica<span class=\"_ _33\"> </span>Pontevedra<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>775<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>384<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>1.159<span class=\"_ _33\"> </span>Arriendos forestales<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>2.288<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>619(132)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.775<span class=\"_ _33\"> </span>Resto (*)<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>8.574<span class=\"_ _33\"> </span>454<span class=\"_ _33\"> </span>3.914(1.120)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>11.822 Amortizaci\u00f3n 11.637  <span class=\"ls9\">454  </span>  <span class=\"ls9\">4.917  </span>(1.252)                       <span class=\"ls0_1\">-</span>    <span class=\"ls9\">15.756  </span> Total Neto 42.291  <span class=\"ls9\">56.160  </span>(*) Incluye principalmente arrendamientos de oficinas, veh\u00edculos y otra maquinaria de aprovechamiento forestal.<span class=\"_ _33\"> </span>Miles de euros<span class=\"_ _33\"> </span>31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span>Notas<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span>Adiciones/<span class=\"_ _33\"> </span>DotacionesRetiros<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span>Coste -<span class=\"_ _33\"> </span>Terrenos biof\u00e1brica Pontevedra<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>19.898<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-19.898<span class=\"_ _33\"> </span>Arriendos forestales<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>9.633<span class=\"_ _33\"> </span>1.581<span class=\"_ _33\"> </span>(1.082)10.132<span class=\"_ _33\"> </span>Resto (*)<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>17.383<span class=\"_ _33\"> </span>8.262<span class=\"_ _33\"> </span>(1.747)23.898 Coste 46.914<span class=\"_ _33\"> </span>9.843<span class=\"_ _33\"> </span>(2.829)53.928<span class=\"_ _33\"> </span>Amortizaci\u00f3n -<span class=\"_ _33\"> </span>Terrenos biof\u00e1brica Pontevedra<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>384<span class=\"_ _33\"> </span>391<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>775<span class=\"_ _33\"> </span>Arriendos forestales<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>2.394<span class=\"_ _33\"> </span>687<span class=\"_ _33\"> </span>(793)<span class=\"_ _33\"> </span>2.288<span class=\"_ _33\"> </span>Resto (*)<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>6.399<span class=\"_ _33\"> </span>3.575<span class=\"_ _33\"> </span>(1.400)<span class=\"_ _33\"> </span>8.574 Amortizaci\u00f3n 9.177<span class=\"_ _33\"> </span>4.653<span class=\"_ _33\"> </span>(2.193)11.637 Total Neto   <span class=\"ls9\">37.737  </span>  <span class=\"ls9\">42.291  </span>(*) Incluye principalmente arrendamientos de oficinas, veh\u00edculos y otra maquinari<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>de aprovechamiento forestal.<span class=\"_ _33\"> </span>18.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Activos biol\u00f3gicos </span></span>En <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cA<span class=\"_ _6\"></span>ctivos <span class=\"_ _10\"></span>biol\u00f3gicos\u201d <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>incluyen <span class=\"_ _10\"></span>exclusivame<span class=\"_ _6\"></span>nte <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>vuelos <span class=\"_ _0\"></span><span class=\"ff4\">forestales <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>que <span class=\"_ _10\"></span>los<span class=\"_ _33\"> </span></span>terrenos <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>piedad <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Grupo, <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>ubican<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>vuelos <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>presentan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>ep\u00edgrafe <span class=\"_ _e\"></span>\u201c<span class=\"_ _6\"></span>Propiedad, <span class=\"_ _1\"></span>planta<span class=\"_ _33\"> </span>y equipo <span class=\"ff6\">\u2013</span> <span class=\"ff6\">terrenos<span class=\"_ _6\"></span> forestales\u201d. Su v<span class=\"_ _6\"></span>ariaci\u00f3n dura<span class=\"_ _6\"></span>nte los ejercicios 202<span class=\"_ _6\"></span></span>4 y 2023 ha sid<span class=\"_ _6\"></span>o la siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>Miles de euros<span class=\"_ _33\"> </span>31 <span class=\"ls2c\">de </span>diciembre de 2024<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>01/01/2024<span class=\"_ _33\"> </span>Adiciones o<span class=\"_ _33\"> </span>dotaciones<span class=\"_ _33\"> </span>Retiros o<span class=\"_ _33\"> </span>reducciones<span class=\"_ _33\"> </span>Saldo al<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/2024<span class=\"_ _33\"> </span></span></span>Negocio celulosa:<span class=\"_ _33\"> </span>Vuelos forestales  <span class=\"ls0_1\">128.782  </span>  <span class=\"ls0_1\">9.945  </span>         <span class=\"ls0_1\">(5.377)  </span>  <span class=\"ls0_1\">133.350 </span>Agotamiento de la reserva forestal     <span class=\"ls0_1\">(58.366)  </span>        <span class=\"ls0_1\">(9.725)  </span>  <span class=\"ls0_1\">5.300  </span>    <span class=\"ls0_1\">(62.791)  </span>Deterioro de valor (Nota 19)       <span class=\"ls0_1\">(3.508)  </span>           <span class=\"ls0_1\">(979)  </span>                   <span class=\"ls0_1\">-</span>        <span class=\"ls0_1\">(4.487)  </span>  <span class=\"ls9\">66.908  </span>           <span class=\"ls0_1\">(759)  </span>              <span class=\"ls0_1\">(77)  </span>  <span class=\"ls9\">66.072  </span>Negocio energ\u00eda renovable:<span class=\"_ _33\"> </span>Vuelos forestales  <span class=\"ls0_1\">2.051  </span>  <span class=\"ls9\">47  </span>                   <span class=\"ls0_1\">-</span>    <span class=\"ls0_1\">2.098  </span>Agotamiento de la reserva forestal       <span class=\"ls0_1\">(1.752)  </span>                  <span class=\"ls0_1\">-</span>                     <span class=\"ls0_1\">-</span>        <span class=\"ls0_1\">(1.752)  </span>Deterioro de valor (Nota 19)            <span class=\"ls0_1\">(96) </span>                  <span class=\"ls0_1\">-</span>                     <span class=\"ls0_1\">-</span>             <span class=\"ls0_1\">(96)  </span>  <span class=\"ls9\">203  </span>  <span class=\"ls9\">47  </span>                   <span class=\"ls0_1\">-</span>    <span class=\"ls9\">250  </span>  <span class=\"ls9\">67.111  </span>  <span class=\"ls9\">66.322<span class=\"_ _33\"> </span></span><span class=\"ls9\">  </span><div class=\"c_1 w128 h80 gs31d\"><div class=\"t_1 m0_1 x71 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wa5 h86 gs31e\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w129 h86 gs31f\"><div class=\"t_1 m0_1 x4 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x11 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12a h86 gs320\"><div class=\"t_1 m0_1 x32 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Adiciones o<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x87 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">dotaciones<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12b h86 gs321\"><div class=\"t_1 m0_1 x4 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Retiros o<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x32 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">reducciones<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12c h86 gs322\"><div class=\"t_1 m0_1 x4 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x11 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wa5 h80 gs323\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio celulosa:<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wa5 h80 gs324\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vuelos forestales<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w129 h80 gs325\"><div class=\"t_1 m0_1 x15 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">116.700<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12a h80 gs326\"><div class=\"t_1 m0_1 x65 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">16.450<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12b h80 gs327\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(4.368)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12c h80 gs328\"><div class=\"t_1 m0_1 x15 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">128.782<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wa5 h80 gs329\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Agotamiento de la reserva forestal<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w129 h80 gs32a\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(53.815)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12a h80 gs32b\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(8.797)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12b h80 gs32c\"><div class=\"t_1 m0_1 x38 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.246<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12c h80 gs32d\"><div class=\"t_1 m0_1 x15 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(58.366)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wa5 h80 gs32e\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor (Nota 19)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w129 h80 gs32f\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.508)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12a h80 gs330\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.000)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12b h80 gs331\"><div class=\"t_1 m0_1 x3a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12c h80 gs332\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(3.508)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w129 h23 gs333\"><div class=\"t_1 m0_1 x19 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">60.377<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12a h23 gs334\"><div class=\"t_1 m0_1 x17 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">6.653<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h23 gs335\"><div class=\"t_1 m0_1 x16 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(122)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12c h23 gs336\"><div class=\"t_1 m0_1 x65 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">66.908<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wa5 h80 gs337\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Negocio energ\u00eda renovable:<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wa5 h80 gs338\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vuelos forestales<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w129 h80 gs339\"><div class=\"t_1 m0_1 x3e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.002<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12a h80 gs33a\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">49<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h80 gs33b\"><div class=\"t_1 m0_1 x3a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12c h80 gs33c\"><div class=\"t_1 m0_1 x17 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.051<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wa5 h80 gs33d\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Agotamiento de la reserva forestal<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w129 h80 gs33e\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.752)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12a h80 gs33f\"><div class=\"t_1 m0_1 x18 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12b h80 gs340\"><div class=\"t_1 m0_1 x3a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12c h80 gs341\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.752)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wa5 h80 gs342\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro de valor (Nota 19)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w129 h80 gs343\"><div class=\"t_1 m0_1 x5b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(96)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12a h80 gs344\"><div class=\"t_1 m0_1 x18 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12b h80 gs345\"><div class=\"t_1 m0_1 x3a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12c h80 gs346\"><div class=\"t_1 m0_1 x3d h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(96)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w129 h23 gs347\"><div class=\"t_1 m0_1 x3d h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">154<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12a h23 gs348\"><div class=\"t_1 m0_1 xd9 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">49<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h23 gs349\"><div class=\"t_1 m0_1 x3a h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w12c h23 gs34a\"><div class=\"t_1 m0_1 x2f h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">203<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w129 h82 gs34b\"><div class=\"t_1 m0_1 x19 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">60.531<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12c h82 gs34c\"><div class=\"t_1 m0_1 x65 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">67.111<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs34d\"><div class=\"t_1 m0_1 x3f h8 y8d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h8 y8d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE se adju<span class=\"_ _6\"></span>dic\u00f3 en 2023 el p<span class=\"_ _6\"></span>atrimonio forestal d<span class=\"_ _6\"></span>e Sniace u<span class=\"_ _6\"></span>bicado en Can<span class=\"_ _6\"></span>tabria, qu<span class=\"_ _6\"></span>e incluye un tota<span class=\"_ _6\"></span>l 3.362<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x71 h8 y8d6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">hect\u00e1reas <span class=\"_ _6\"></span>forestales<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>117 <span class=\"_ _6\"></span>hect\u00e1reas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>son<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>propiedad <span class=\"_ _6\"></span>(v\u00e9as<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Nota <span class=\"_ _15\"></span>16), <span class=\"_ _6\"></span>cinco <span class=\"_ _15\"></span>huertos <span class=\"_ _15\"></span>semilleros<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x71 h8 y8d7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de eucalipto <span class=\"_ _e\"></span>N<span class=\"_ _6\"></span>itens y <span class=\"_ _1\"></span>dos espe<span class=\"_ _1\"></span>cies come<span class=\"_ _1\"></span>rciales de <span class=\"_ _1\"></span>eucalipto<span class=\"_ _6\"></span> Gl\u00f3bulus, resistentes a <span class=\"_ _e\"></span>las plagas locales <span class=\"_ _e\"></span>de este<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x71 h8 y8d8 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cultivo por un<span class=\"_ _6\"></span> importe conjunto de 10,8 millones<span class=\"_ _6\"></span> \u20ac. <span class=\"_ _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x71 h8 y70f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"_ _6\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>realizad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _6\"></span>labores <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>lantaci\u00f3n <span class=\"_ _15\"></span>en 1.<span class=\"_ _6\"></span><span class=\"lse\">615</span> <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ect\u00e1reas <span class=\"_ _6\"></span>y<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x71 h8 y8d9 ff4 fs4 fc0_1 sc0_1 lse ws0_1\">1.273<span class=\"ls0_1\"> <span class=\"_ _12\"> </span>hect\u00e1reas<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>respectivamente,  y <span class=\"_ _11\"> </span>ha  ejecutado <span class=\"_ _12\"> </span>labores <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>conservaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>elvicultura <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>obre <span class=\"_ _12\"> </span>1<span class=\"_ _15\"></span>8.901<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span></div><div class=\"t_1 m0_1 x71 h8 y8da ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">hect\u00e1reas <span class=\"_ _e\"></span>y 19.878 <span class=\"_ _a\"></span>hect\u00e1reas<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>resp<span class=\"_ _6\"></span>ectivamente, <span class=\"_ _e\"></span>lo <span class=\"_ _1\"></span>que <span class=\"_ _e\"></span>ha supuesto <span class=\"_ _e\"></span>una <span class=\"_ _e\"></span>inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>por <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>de 9.992 <span class=\"_ _a\"></span>mi<span class=\"_ _6\"></span>les<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x71 h8 y8db ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u20ac y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"ff4\">9.866 <span class=\"_ _6\"></span></span>miles <span class=\"_ _6\"></span>\u20ac, <span class=\"_ _6\"></span>respectivamente. Una <span class=\"_ _15\"></span>parte<span class=\"ff4\"> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e esta<span class=\"_ _6\"></span>s inversion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>8.<span class=\"lse\">915</span> <span class=\"_ _6\"></span></span>miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>202<span class=\"ff4\">4 <span class=\"_ _6\"></span><span class=\"ls35\">y<span class=\"_ _33\"> </span></span></span><span class=\"ff4\"><span class=\"ls35\"> </span></span></div><div class=\"t_1 m0_1 x71 h8 y8dc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">8.779 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _15\"></span>\u20ac <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span></span>3 <span class=\"_ _6\"></span><span class=\"ff6\">se <span class=\"_ _15\"></span>reco<span class=\"_ _6\"></span>gen <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ep\u00edg<span class=\"_ _6\"></span>rafe <span class=\"_ _6\"></span>\u201cTrabaj<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>realizad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>empresa <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>inmovilizado\u201d<span class=\"_ _33\"> </span></span><span class=\"ff6\"><span class=\"_ _6\"></span> </span></div><div class=\"t_1 m0_1 x71 h8 y8dd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del Estado d<span class=\"_ _6\"></span>e Resultado consolidado. <span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y8de ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>parte, <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Grupo <span class=\"_ _6\"></span>ha <span class=\"_ _15\"></span>capitalizado <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>ejercicio <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>importe <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>1.0<span class=\"_ _6\"></span><span class=\"lse\">29</span> <span class=\"_ _6\"></span>miles <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>euro<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>(<span class=\"_ _6\"></span>1.012 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac<span class=\"_ _33\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x71 h8 y734 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"_ _11\"> </span>2023<span class=\"_ _6\"></span>) <span class=\"_ _12\"> </span>correspon<span class=\"_ _6\"></span>diente <span class=\"_ _11\"> </span>a  cuotas <span class=\"_ _11\"> </span>po<span class=\"_ _6\"></span>r <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>erecho <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>costes <span class=\"_ _12\"> </span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>t<span class=\"_ _6\"></span>errenos <span class=\"_ _12\"> </span>des<span class=\"_ _6\"></span>tinados <span class=\"_ _12\"> </span>al<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x71 h8 y8df ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">desarrollo de activo<span class=\"_ _6\"></span>s biol\u00f3gicos (v<span class=\"_ _6\"></span>\u00e9ase Nota 17).<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y8e0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _15\"></span>suscribi\u00f3 <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2018 <span class=\"_ _15\"></span>diversos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>acuerdos <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>largo <span class=\"_ _15\"></span>plazo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>venta <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>madera <span class=\"_ _15\"></span>procedente<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>patrimonio<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x71 h8 y8e1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">forestal ubicado en el <span class=\"_ _6\"></span>Sur de <span class=\"_ _6\"></span>Espa\u00f1<span class=\"_ _6\"></span>a. Los acuerdos es<span class=\"_ _6\"></span>t\u00e1n vigentes hasta<span class=\"_ _6\"></span> diciembre de 2030 y<span class=\"_ _6\"></span> los vol\u00famenes<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y8e2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">acordados s<span class=\"_ _6\"></span>e sit\u00faan entre 170.000 toneladas<span class=\"_ _6\"></span> y 24<span class=\"_ _6\"></span>0.000 toneladas<span class=\"_ _6\"></span> anuales<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x71 h46 y8e3 ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">18.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Detalle de v<span class=\"_ _1\"></span>uelos forestales </span></span><span class=\"ff5\"><span class=\"ff8 fc2\"> </span></span></div><div class=\"t_1 m0_1 x71 h8 y8e4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _1\"></span>Grupo ge<span class=\"_ _1\"></span>stiona en <span class=\"_ _e\"></span>la Pen\u00ednsula <span class=\"_ _e\"></span>Ib\u00e9rica una <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>uperficie <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>atrimonial bruta total <span class=\"_ _e\"></span>de 70.100 <span class=\"_ _e\"></span>hect\u00e1reas, con <span class=\"_ _1\"></span>una<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x71 h8 y4ab ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">superficie total planta<span class=\"_ _6\"></span>da de 4<span class=\"_ _6\"></span>9.354 hect\u00e1<span class=\"_ _6\"></span>reas. El deta<span class=\"_ _6\"></span>lle de los<span class=\"_ _6\"></span> vuelos fores<span class=\"_ _6\"></span>tales al 31 de <span class=\"_ _6\"></span>diciembre de 202<span class=\"_ _6\"></span>4<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x71 h8 y19 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y 2023 es el siguiente:<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y8e5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h8 y8e6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h8 y8e7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h8 y8e8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h8 y8e9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div>Pen\u00ednsula Ib\u00e9rica<span class=\"_ _33\"> </span>A\u00f1o 2024<span class=\"_ _33\"> </span>A\u00f1o 20<span class=\"ls9\">23<span class=\"_ _33\"> </span></span>Valor Neto<span class=\"_ _33\"> </span>Contable<span class=\"_ _33\"> </span>en Miles \u20ac<span class=\"_ _33\"> </span>Valor Neto<span class=\"_ _33\"> </span>Contable<span class=\"_ _33\"> </span>en Miles \u20ac<span class=\"_ _33\"> </span>Hect\u00e1reas (*)<span class=\"_ _33\"> </span>Hect\u00e1reas (*)<span class=\"_ _33\"> </span>Edad en A\u00f1os<span class=\"_ _33\"> </span>&gt; 17<span class=\"_ _33\"> </span>1.391<span class=\"_ _33\"> </span>2.626<span class=\"_ _33\"> </span>1.658<span class=\"_ _33\"> </span>2.722<span class=\"_ _33\"> </span>14 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> </span></span>16<span class=\"_ _33\"> </span>4.677<span class=\"_ _33\"> </span>9.962<span class=\"_ _33\"> </span>5.22612.135<span class=\"_ _33\"> </span>11 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> </span></span>13<span class=\"_ _33\"> </span>6.28512.430<span class=\"_ _33\"> </span>7.13515.832<span class=\"_ _33\"> </span>8 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> </span></span>10<span class=\"_ _33\"> </span>5.645<span class=\"_ _33\"> </span>7.239<span class=\"_ _33\"> </span>5.923<span class=\"_ _33\"> </span>7.825<span class=\"_ _33\"> </span>4 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> 7<span class=\"_ _33\"> </span></span></span>12.21214.589<span class=\"_ _33\"> </span>11.17612.524<span class=\"_ _33\"> </span>0 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> 3<span class=\"_ _33\"> </span></span></span>19.14424.059<span class=\"_ _33\"> </span>18.07219.677<span class=\"_ _33\"> </span>Deterioro activos biol\u00f3gicos<span class=\"_ _33\"> </span>-(4.583)<span class=\"_ _33\"> </span>-(3.604)<span class=\"_ _33\"> </span>49.35466.322<span class=\"_ _33\"> </span>49.19067.111<span class=\"_ _33\"> </span>(*) Superficie patrimonial p<span class=\"_ _6\"></span>lantada<span class=\"_ _33\"> </span>Adicionalmente, <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>pat<span class=\"_ _6\"></span>rimonio <span class=\"_ _10\"></span>gestionad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>incluye <span class=\"_ _15\"></span>2.594 <span class=\"_ _10\"></span>hect\u00e1reas <span class=\"_ _10\"></span>ubicadas <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>Portugal <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>ENCE <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>endi\u00f3<span class=\"_ _33\"> </span>en 2013, <span class=\"_ _e\"></span>al suscribirse un acue<span class=\"_ _1\"></span>rdo con <span class=\"_ _1\"></span>el comprador <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara la <span class=\"_ _e\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, a <span class=\"_ _1\"></span>precios de <span class=\"_ _e\"></span>mercado,<span class=\"_ _6\"></span> de <span class=\"_ _e\"></span>la madera<span class=\"_ _33\"> </span>producida en la<span class=\"_ _6\"></span> superficie vendida <span class=\"_ _6\"></span>durante un <span class=\"_ _6\"></span>periodo d<span class=\"_ _6\"></span>e 20 a\u00f1os.<span class=\"_ _33\"> </span>19.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Deterioro de activos no financieros<span class=\"_ _33\"> </span></span></span>Se detallan a continu<span class=\"_ _6\"></span>aci\u00f3n los deterioros s<span class=\"_ _6\"></span>obre activos n<span class=\"_ _6\"></span>o financieros al 31 de diciembr<span class=\"_ _6\"></span>e de 202<span class=\"_ _15\"></span>4 y 2023:<span class=\"_ _33\"> </span>Miles de euros<span class=\"_ _33\"> </span>Notas01/01/2024Dotaciones<span class=\"_ _33\"> </span>Aplicaci\u00f3n a<span class=\"_ _33\"> </span>su finalidad<span class=\"_ _33\"> </span>Reversiones<span class=\"_ _33\"> </span>y otros31/<span class=\"ls9\">12<span class=\"ls22\">/2024<span class=\"_ _33\"> </span></span></span>Fondo de comercio<span class=\"_ _33\"> </span>15<span class=\"_ _33\"> </span>2.737<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.737<span class=\"_ _33\"> </span>Otros activos intangibles<span class=\"_ _33\"> </span>15<span class=\"_ _33\"> </span>3.612<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(2.853)<span class=\"_ _33\"> </span>(7)<span class=\"_ _33\"> </span>752<span class=\"_ _33\"> </span>Propiedad, planta y equipo<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>32.417<span class=\"_ _33\"> </span>228<span class=\"_ _33\"> </span>(1.152)<span class=\"_ _33\"> </span>(3.695)27.798<span class=\"_ _33\"> </span>Activos biol\u00f3gicos<span class=\"_ _33\"> </span>18<span class=\"_ _33\"> </span>3.604<span class=\"_ _33\"> </span>979<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>4.583<span class=\"_ _33\"> </span>Existencias<span class=\"_ _33\"> </span>Repuestos<span class=\"_ _33\"> </span>20<span class=\"_ _33\"> </span>13.189<span class=\"_ _33\"> </span>1.126<span class=\"_ _33\"> </span>(51)<span class=\"_ _33\"> </span>-14.264<span class=\"_ _33\"> </span>VNR y Otros 20<span class=\"_ _33\"> </span>165<span class=\"_ _33\"> </span>2.279<span class=\"_ _33\"> </span>(165)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.279<span class=\"_ _33\"> </span>55.724<span class=\"_ _33\"> </span>4.612<span class=\"_ _33\"> </span>(4.221)<span class=\"_ _33\"> </span>(3.702)52.413<span class=\"_ _33\"> </span>Miles de euros<span class=\"_ _33\"> </span>Notas01/01/202<span class=\"ls0_1\">3</span>Dotaciones<span class=\"_ _33\"> </span>Aplicaci\u00f3n a<span class=\"_ _33\"> </span>su finalidad<span class=\"_ _33\"> </span>Reversiones<span class=\"_ _33\"> </span>y otros31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span>Fondo de comercio<span class=\"_ _33\"> </span>15<span class=\"_ _33\"> </span>2.737<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.737<span class=\"_ _33\"> </span>Otros activos intangibles<span class=\"_ _33\"> </span>15<span class=\"_ _33\"> </span>3.6<span class=\"ls9\">00<span class=\"_ _33\"> </span></span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>12<span class=\"_ _33\"> </span>3.6<span class=\"ls9\">12<span class=\"_ _33\"> </span></span>Propiedad, planta y equipo<span class=\"_ _33\"> </span>16<span class=\"_ _33\"> </span>43.116<span class=\"_ _33\"> </span>2.853<span class=\"_ _33\"> </span>-(13.552)32.417<span class=\"_ _33\"> </span>Activos biol\u00f3gicos<span class=\"_ _33\"> </span>18<span class=\"_ _33\"> </span>2.604<span class=\"_ _33\"> </span>1.000<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>3.604<span class=\"_ _33\"> </span>Existencias<span class=\"_ _33\"> </span>Repuestos<span class=\"_ _33\"> </span>20<span class=\"_ _33\"> </span>11.898<span class=\"_ _33\"> </span>934<span class=\"_ _33\"> </span>(<span class=\"ls9\">79</span>)<span class=\"_ _33\"> </span>43613.189<span class=\"_ _33\"> </span>VNR y Otros 20<span class=\"_ _33\"> </span>1.841<span class=\"_ _33\"> </span>7.766<span class=\"_ _33\"> </span>(<span class=\"ls9\">335</span>)<span class=\"_ _33\"> </span>(9.107)<span class=\"_ _33\"> </span>165<span class=\"_ _33\"> </span>65.796<span class=\"_ _33\"> </span>1<span class=\"ls9\">2.553<span class=\"_ _33\"> </span></span>(<span class=\"ls9\">414</span>)(2<span class=\"ls9\">2.211<span class=\"ls0_1\">)</span></span>5<span class=\"ls9\">5.724<span class=\"_ _33\"> </span></span>Asimismo, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>detalle <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>\u201cDeterioro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>resultados <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>enajenaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inmovilizado\u201d <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el<span class=\"_ _33\"> </span>Estado de Resultad<span class=\"_ _6\"></span>o Cons<span class=\"_ _6\"></span>olidado al 31 de d<span class=\"_ _6\"></span>iciembre de 2024 <span class=\"_ _6\"></span>y 2023 se desglos<span class=\"_ _6\"></span>a del siguiente modo<span class=\"_ _6\"></span>:         <span class=\"ls0_1\">(*) Dotaciones y reversiones de deterioros. Gasto / (Ingreso).<span class=\"_ _33\"> </span></span>ENCE <span class=\"_ _10\"></span>analiza <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>menos <span class=\"_ _15\"></span>an<span class=\"_ _6\"></span>ualmente <span class=\"_ _15\"></span>si <span class=\"_ _10\"></span>sus <span class=\"_ _10\"></span>activos <span class=\"_ _0\"></span>no <span class=\"_ _15\"></span>financieros <span class=\"_ _10\"></span>presenta<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>indicios<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>deterioro, <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>cuyo<span class=\"_ _33\"> </span>caso re<span class=\"_ _1\"></span>aliza los <span class=\"_ _e\"></span>correspond<span class=\"_ _6\"></span>ientes test <span class=\"_ _e\"></span>de deterioro <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara cada <span class=\"_ _e\"></span>UGE<span class=\"ls10\">, </span>considerando <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>criterios y <span class=\"_ _e\"></span>metodolog\u00eda<span class=\"_ _33\"> </span>descritos en la n<span class=\"_ _6\"></span>ota 3.5 y <span class=\"_ _6\"></span>las hip\u00f3tesis descritas<span class=\"_ _6\"></span> en esta misma nota.<span class=\"_ _33\"> </span>Las <span class=\"_ _15\"></span>UGE <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Grupo <span class=\"_ _10\"></span>ENCE <span class=\"_ _15\"></span>son<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cad<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _10\"></span>bio<span class=\"_ _6\"></span>-f\u00e1bricas <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>producci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>celulosa <span class=\"_ _10\"></span>(donde <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>incluye <span class=\"_ _15\"></span>el<span class=\"_ _33\"> </span>patrimonio <span class=\"_ _6\"></span>foresta<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>destin<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>ser <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>sus <span class=\"_ _15\"></span>fuentes <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>suminis<span class=\"_ _6\"></span>tro) <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>plantas <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>gen<span class=\"_ _6\"></span>eraci\u00f3n <span class=\"_ _6\"></span>de<span class=\"_ _33\"> </span>energ\u00eda <span class=\"_ _11\"> </span>el\u00e9ctrica <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>opera <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>Grupo <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>comp<span class=\"_ _6\"></span>arten <span class=\"_ _11\"> </span>la <span class=\"_ _12\"> </span>misma <span class=\"_ _11\"> </span>ubicaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>f\u00edsica, <span class=\"_ _12\"> </span>as\u00ed <span class=\"_ _11\"> </span>como <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>activos<span class=\"_ _33\"> </span>biol\u00f3gicos <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>tienen <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>estino <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>terceros. <span class=\"_ _15\"></span>Los <span class=\"_ _15\"></span>activos <span class=\"_ _15\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>derecho <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>uso <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>cluyen <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la<span class=\"_ _33\"> </span>UGE en la que est\u00e1n s<span class=\"_ _6\"></span>iendo utilizados.<span class=\"_ _33\"> </span>Al cie<span class=\"_ _6\"></span>rre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ej<span class=\"_ _6\"></span>ercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>llevado<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cabo <span class=\"_ _6\"></span>test <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>det<span class=\"_ _6\"></span>erioro <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>insta<span class=\"_ _6\"></span>laciones <span class=\"_ _6\"></span>de<span class=\"_ _33\"> </span>generaci\u00f3n de energ\u00eda renovable con biomasa y gas encuadradas en ENCE Renovables, como consecuencia<span class=\"_ _33\"> </span>de <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>evoluci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>precios <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>futuro <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>e<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _10\"></span>renovab<span class=\"_ _6\"></span>le, <span class=\"_ _10\"></span>los <span class=\"_ _0\"></span>cambios <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>han <span class=\"_ _10\"></span>prod<span class=\"_ _6\"></span>ucido <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el<span class=\"_ _33\"> </span>entorno <span class=\"_ _6\"></span>regulat<span class=\"_ _6\"></span>orio, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>evoluci\u00f3n <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>variables <span class=\"_ _15\"></span>macroecon\u00f3micas <span class=\"_ _6\"></span>como <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>inflaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>tipos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s,<span class=\"_ _33\"> </span>elementos considerad<span class=\"_ _6\"></span>os en la evaluaci\u00f3n d<span class=\"_ _6\"></span>e posibles ind<span class=\"_ _6\"></span>icios de deterioro. El <span class=\"_ _1\"></span>Negocio <span class=\"_ _1\"></span>Celulosa <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>un negocio <span class=\"_ _e\"></span>c\u00edclico <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>la evaluaci\u00f3n de <span class=\"_ _e\"></span>la existencia <span class=\"_ _e\"></span>de indicios <span class=\"_ _e\"></span>de deterioro<span class=\"_ _33\"> </span>se consideran periodos<span class=\"_ _6\"></span> superiores al a\u00f1o. En este contexto, las previsiones en los precios de mercado de la<span class=\"_ _33\"> </span>celulosa con<span class=\"_ _6\"></span>sideradas <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>analis<span class=\"_ _6\"></span>tas <span class=\"_ _6\"></span>especializados <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el s<span class=\"_ _6\"></span>ector, conju<span class=\"_ _6\"></span>ntamente con<span class=\"_ _6\"></span> nu<span class=\"_ _6\"></span>estra <span class=\"_ _6\"></span>estimaci\u00f3n<span class=\"_ _33\"> </span>de <span class=\"_ _15\"></span>costes <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>prod<span class=\"_ _6\"></span>ucci\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>medio <span class=\"_ _10\"></span>plazo, <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>pon<span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>man<span class=\"_ _6\"></span>ifiesto <span class=\"_ _15\"></span>indicios <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>det<span class=\"_ _6\"></span>erioro <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>valor <span class=\"_ _11\"> </span>en <span class=\"_ _15\"></span>las<span class=\"_ _33\"> </span>distintas UGE\u00b4s<span class=\"_ _6\"></span> de este negocio.<span class=\"_ _33\"> </span>19.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Resultados de <span class=\"_ _1\"></span>los test de deter<span class=\"_ _1\"></span>ioro </span></span>Plantas de generaci\u00f3n<span class=\"_ _6\"></span> de energ\u00eda con b<span class=\"_ _6\"></span>iomasa<span class=\"_ _33\"> </span>Las <span class=\"_ _15\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _15\"></span>sido <span class=\"_ _15\"></span>deterioradas <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>ejercicios <span class=\"_ _15\"></span>anteriores<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>han <span class=\"_ _15\"></span>sido <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>plan<span class=\"_ _6\"></span>tas <span class=\"_ _6\"></span>H<span class=\"_ _6\"></span>U <span class=\"_ _6\"></span>41<span class=\"_ _33\"> </span>MW, <span class=\"_ _10\"></span>JA <span class=\"_ _10\"></span>16 <span class=\"_ _0\"></span>MW, <span class=\"_ _10\"></span>CR <span class=\"_ _10\"></span>16 <span class=\"_ _10\"></span>MW <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>CO <span class=\"_ _10\"></span>27 <span class=\"_ _10\"></span>MW <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _10\"></span>Nota<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>1)<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>E<span class=\"ls11\">n <span class=\"_ _10\"></span></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _0\"></span>2024 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>2023<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>han <span class=\"_ _0\"></span>revertido<span class=\"_ _33\"> </span>deterioros <span class=\"_ _0\"></span>netos <span class=\"_ _11\"></span>dotados <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ichas <span class=\"_ _0\"></span>insta<span class=\"_ _6\"></span>laciones <span class=\"_ _11\"></span>en <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>3.4<span class=\"lse\">12</span> <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac <span class=\"_ _0\"></span>y<span class=\"_ _33\"> </span></span>10.592 <span class=\"_ _6\"></span><span class=\"ff6\">mi<span class=\"_ _6\"></span>les <span class=\"_ _15\"></span>\u20ac,</span> <span class=\"_ _15\"></span>respectivamente, <span class=\"_ _10\"></span>como <span class=\"_ _15\"></span>consecuencia, <span class=\"_ _10\"></span>principalmente, <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>modificaciones <span class=\"_ _15\"></span>regulatorias<span class=\"_ _6\"></span>,<span class=\"_ _33\"> </span>de la <span class=\"_ _e\"></span>evoluci\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> precios de <span class=\"_ _1\"></span>la e<span class=\"_ _1\"></span>nerg\u00eda el\u00e9ctrica y <span class=\"_ _e\"></span>la<span class=\"_ _6\"></span> evoluci\u00f3n de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> costes de <span class=\"_ _e\"></span>la biomasa<span class=\"_ _6\"></span>. El valor <span class=\"_ _e\"></span>n<span class=\"_ _6\"></span>eto<span class=\"_ _33\"> </span>contable <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>estas <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>stalaciones <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>cierre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ejercicios <span class=\"_ _10\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>ascienden <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>12,7 <span class=\"_ _15\"></span>millones <span class=\"_ _0\"></span><span class=\"ff6 lse\">\u20ac <span class=\"_ _15\"></span></span><span class=\"ls1c\">y <span class=\"_ _10\"></span></span>16,1<span class=\"_ _33\"> </span>millones <span class=\"ff6\">\u20ac, respectivam<span class=\"_ _6\"></span>ente.<span class=\"_ _33\"> </span></span>El valor recuperab<span class=\"_ _6\"></span>le y el valor <span class=\"_ _6\"></span>neto contable de las<span class=\"_ _6\"></span> Unidades Generadoras<span class=\"_ _6\"></span> de Efectivo<span class=\"_ _6\"></span> sobre las q<span class=\"_ _6\"></span>ue se han<span class=\"_ _33\"> </span>llevado a <span class=\"_ _1\"></span>cabo <span class=\"_ _1\"></span>test de <span class=\"_ _e\"></span>deterioro en 2024 <span class=\"_ _e\"></span>as<span class=\"_ _6\"></span>cienden a<span class=\"_ _1\"></span> 4<span class=\"lse\">63 <span class=\"_ _e\"></span><span class=\"ff6 ls0_1\">millones \u20ac y<span class=\"_ _1\"></span> <span class=\"ff4 lse\">348 <span class=\"_ _e\"></span><span class=\"ff6 ls0_1\">millones \u20ac, respe<span class=\"_ _1\"></span>ctivamente (4<span class=\"ff4 lse\">38<span class=\"_ _33\"> </span></span></span></span></span></span>millones \u20ac y <span class=\"ff4 lse\">358 </span>mi<span class=\"_ _6\"></span>llones \u20ac, respectivamente, en 2<span class=\"_ _6\"></span>02<span class=\"ff4\">3).<span class=\"_ _33\"> </span></span>A\u00f1o 2024<span class=\"_ _33\"> </span>A\u00f1o 2023<span class=\"_ _33\"> </span>Miles de Euros<span class=\"_ _33\"> </span>Notas<span class=\"_ _33\"> </span>Deterioros de<span class=\"_ _33\"> </span>valor (*)<span class=\"_ _33\"> </span>Resultados<span class=\"_ _33\"> </span>por baja y<span class=\"_ _33\"> </span>venta<span class=\"_ _33\"> </span>Total<span class=\"_ _33\"> </span>Deterioros<span class=\"_ _33\"> </span>de valor (*)<span class=\"_ _33\"> </span>Resultados<span class=\"_ _33\"> </span>por baja y<span class=\"_ _33\"> </span>venta<span class=\"_ _33\"> </span>Total<span class=\"_ _33\"> </span>Otros activos intangibles15<span class=\"_ _33\"> </span>(7)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(7)<span class=\"_ _33\"> </span>(13)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(13<span class=\"_ _33\"> </span>Propiedad, planta y equipo16<span class=\"_ _33\"> </span>(3.467)<span class=\"_ _33\"> </span>2.502<span class=\"_ _33\"> </span>(965)<span class=\"_ _33\"> </span>(10.674)<span class=\"_ _33\"> </span>1.864<span class=\"_ _33\"> </span>(8.810<span class=\"_ _33\"> </span>Activos biol\u00f3gicos<span class=\"_ _33\"> </span>18<span class=\"_ _33\"> </span>979<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>979<span class=\"_ _33\"> </span>1.000<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>1.00<span class=\"_ _33\"> </span>(2.495)<span class=\"_ _33\"> </span>2.502<span class=\"_ _33\"> </span>7<span class=\"_ _33\"> </span>(9.687)<span class=\"_ _33\"> </span>1.864<span class=\"_ _33\"> </span>(7.823<span class=\"_ _33\"> </span>Activos biol\u00f3gicos<span class=\"_ _6\"></span> Al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>2024 <span class=\"_ _e\"></span>y <span class=\"_ _1\"></span>2023 <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>importe <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>deterioros de <span class=\"_ _a\"></span>valor <span class=\"_ _1\"></span>reconocidos <span class=\"_ _1\"></span>en <span class=\"_ _a\"></span>los <span class=\"_ _e\"></span>act<span class=\"_ _6\"></span>ivos <span class=\"_ _1\"></span>biol\u00f3gicos del Grupo asciend<span class=\"_ _6\"></span>e a 4.583 <span class=\"ff6\">m<span class=\"_ _6\"></span>iles \u20ac y </span>3<span class=\"ff6\">.604 <span class=\"_ _6\"></span>miles \u20ac, respecti<span class=\"_ _6\"></span>vamente.</span> <span class=\"ls12\">Est<span class=\"ls1d\">os</span></span> d<span class=\"_ _6\"></span>eterioros se han<span class=\"_ _6\"></span> determinado a partir de los<span class=\"_ _6\"></span> an\u00e1lisis y metodolog\u00eda <span class=\"_ _6\"></span>descritos en la<span class=\"_ _6\"></span> Nota 3.4.<span class=\"_ _6\"></span> Existencias Los <span class=\"_ _11\"> </span>repues<span class=\"_ _6\"></span>tos <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>Grupo <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>deterioran <span class=\"_ _11\"> </span>atendiendo <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>su <span class=\"_ _12\"> </span>lenta <span class=\"_ _11\"> </span>rotaci\u00f3n. <span class=\"_ _12\"> </span>En <span class=\"_ _11\"> </span>este <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>entido, <span class=\"_ _11\"> </span>los <span class=\"_ _11\"> </span>deterioros comienzan <span class=\"_ _12\"> </span>a <span class=\"_ _1a\"> </span>reconocerse  cuando <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>activ<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>no  ha <span class=\"_ _11\"> </span>presenta<span class=\"_ _6\"></span>do <span class=\"_ _12\"> </span>movimiento <span class=\"_ _12\"> </span>en  el <span class=\"_ _11\"> </span>\u00fa<span class=\"_ _6\"></span>ltimo <span class=\"_ _12\"> </span>a\u00f1o<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>van incrementando <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>forma <span class=\"_ _15\"></span>lineal <span class=\"_ _15\"></span>has<span class=\"_ _6\"></span>ta <span class=\"_ _6\"></span>alcanza<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>100% <span class=\"_ _15\"></span>cuand<span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>activo <span class=\"_ _15\"></span>no <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>presenta<span class=\"_ _6\"></span>do <span class=\"_ _6\"></span>movimiento <span class=\"_ _15\"></span>en los \u00faltimos cinco <span class=\"_ _6\"></span>a\u00f1os <span class=\"_ _6\"></span>(v\u00e9ase Nota 20)<span class=\"lsf\">. </span> Asimismo, <span class=\"_ _6\"></span>ENCE <span class=\"_ _6\"></span>dota<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>deterioros <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>cepto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Valor <span class=\"_ _6\"></span>N<span class=\"_ _6\"></span>eto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Realizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>(VNR) <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _6\"></span>existencias <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e producto <span class=\"_ _15\"></span>terminado <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>materias <span class=\"_ _6\"></span>primas<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>cuando <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>precios <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>venta <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e la <span class=\"_ _15\"></span>celulosa, <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>etos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>escuentos <span class=\"_ _6\"></span>y costes <span class=\"_ _0\"></span>comerciales <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>log\u00eds<span class=\"_ _6\"></span>ticos,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>sit\u00faan <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>de<span class=\"_ _6\"></span>bajo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>cos<span class=\"_ _6\"></span>te <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>producci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>obre <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>pro<span class=\"_ _6\"></span>yectos <span class=\"_ _0\"></span>en promoci\u00f3n, <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>ando <span class=\"_ _1\"></span>el <span class=\"_ _a\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>realizaci\u00f3n estimado <span class=\"_ _e\"></span>es <span class=\"_ _e\"></span>inferior <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _e\"></span>incurridos <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>desarro<span class=\"_ _6\"></span>llo <span class=\"_ _e\"></span>(v\u00e9ase Nota 20)<span class=\"lsf\">. </span> 19.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Principales h<span class=\"_ _1\"></span>ip\u00f3tesis </span></span>Las <span class=\"_ _15\"></span>pro<span class=\"_ _6\"></span>yecciones <span class=\"_ _15\"></span>utiliza<span class=\"_ _6\"></span>das <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>test <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>deterioro <span class=\"_ _15\"></span>coin<span class=\"_ _6\"></span>ciden <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>mejor <span class=\"_ _15\"></span>informaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>pros<span class=\"_ _6\"></span>pectiva <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la que <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>pone <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>recogen <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>planes <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>versi\u00f3n, <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>objetivos <span class=\"_ _15\"></span>estrat\u00e9gicos <span class=\"_ _15\"></span>vinculados <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>generaci\u00f3n de energ\u00eda renovab<span class=\"_ _6\"></span>le y la protecci\u00f3n del med<span class=\"_ _6\"></span>io ambient<span class=\"_ _6\"></span>e y la vida <span class=\"_ _6\"></span>\u00fatil prevista de los a<span class=\"_ _6\"></span>ctivos productiv<span class=\"_ _6\"></span>os. Dichas <span class=\"_ _23\"> </span>proyecciones <span class=\"_ _23\"> </span>incorporan <span class=\"_ _25\"> </span>h<span class=\"_ _6\"></span>ip\u00f3tesis <span class=\"_ _25\"> </span>s<span class=\"_ _6\"></span>obre <span class=\"_ _25\"> </span>producci\u00f3n/generaci\u00f3n<span class=\"_ _6\"></span>, <span class=\"_ _25\"> </span>cos<span class=\"_ _6\"></span>tes <span class=\"_ _23\"> </span>y <span class=\"_ _25\"> </span>otras <span class=\"_ _23\"> </span>variables fundamentales <span class=\"_ _17\"> </span>que <span class=\"_ _1e\"> </span>es<span class=\"_ _6\"></span>t\u00e1n <span class=\"_ _1e\"> </span>sopo<span class=\"_ _6\"></span>rtadas <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>informaci\u00f3n <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>mercado <span class=\"_ _17\"> </span>prospectiva <span class=\"_ _17\"> </span>dis<span class=\"_ _6\"></span>ponible, <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>datos macroecon\u00f3micos <span class=\"_ _1c\"> </span>y <span class=\"_ _1c\"> </span>estudios <span class=\"_ _1c\"> </span>espec\u00edficos <span class=\"_ _17\"> </span>realizados<span class=\"_ _6\"></span> <span class=\"_ _17\"> </span>po<span class=\"_ _6\"></span>r <span class=\"_ _17\"> </span>expertos <span class=\"_ _1c\"> </span>independien<span class=\"_ _15\"></span>tes <span class=\"_ _1c\"> </span>o <span class=\"_ _17\"> </span>bien <span class=\"_ _1c\"> </span>por <span class=\"_ _1c\"> </span>dato<span class=\"_ _1\"></span>s hist\u00f3ricos.  Plantas de generaci\u00f3n<span class=\"_ _6\"></span> de energ\u00eda con b<span class=\"_ _6\"></span>iomasa<span class=\"_ _6\"></span> Generaci\u00f3n <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>insta<span class=\"_ _6\"></span>laciones. <span class=\"_ _17\"> </span>Se <span class=\"_ _17\"> </span>han <span class=\"_ _17\"> </span>considerado <span class=\"_ _17\"> </span>h<span class=\"_ _6\"></span>oras <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>funcion<span class=\"_ _6\"></span>amiento <span class=\"_ _17\"> </span>en <span class=\"_ _17\"> </span>cada <span class=\"_ _17\"> </span>insta<span class=\"_ _6\"></span>laci\u00f3n coherentes <span class=\"_ _1\"></span>con sus <span class=\"_ _e\"></span>prod<span class=\"_ _6\"></span>ucciones hist\u00f3ricas y <span class=\"_ _e\"></span>sin asumir <span class=\"_ _e\"></span>incidentes con <span class=\"_ _1\"></span>efectos <span class=\"_ _1\"></span>relevantes en <span class=\"_ _e\"></span>la producci\u00f3n.<span class=\"_ _33\"> </span> Ingresos. <span class=\"_ _6\"></span>Se han<span class=\"_ _6\"></span> cons<span class=\"_ _6\"></span>iderado los p<span class=\"_ _6\"></span>recios del <span class=\"_ _6\"></span>mercado <span class=\"_ _6\"></span>OMIE <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>futuros <span class=\"_ _6\"></span>disponibles, en <span class=\"_ _6\"></span>el ran<span class=\"_ _6\"></span>go <span class=\"_ _6\"></span><span class=\"lse\">70 <span class=\"_ _6\"></span></span><span class=\"ff6\">\u20ac/MWh </span>en 2025 y 52<span class=\"_ _6\"></span> <span class=\"ff6\">\u20ac/MWh<span class=\"_ _6\"></span> </span>en 2026<span class=\"_ _6\"></span>, y precios a<span class=\"_ _6\"></span> partir de<span class=\"_ _6\"></span> 2027 <span class=\"_ _6\"></span>en el rango<span class=\"_ _6\"></span> 56 <span class=\"_ _6\"></span><span class=\"ff6\">\u20ac/MWh \u2013</span> <span class=\"ls36\">74</span> <span class=\"ff6\">\u20ac/M<span class=\"_ _6\"></span>Wh, as<span class=\"_ _6\"></span>\u00ed como los </span>mecanismos de a<span class=\"_ _6\"></span>poyo existe<span class=\"_ _6\"></span>ntes en<span class=\"_ _6\"></span> la regulaci\u00f3n<span class=\"_ _6\"></span> actual. E<span class=\"_ _6\"></span>n relaci\u00f3n a<span class=\"_ _6\"></span> los<span class=\"_ _6\"></span> ingresos regula<span class=\"_ _6\"></span>dos, \u00e9sto<span class=\"_ _6\"></span>s se han estimado <span class=\"_ _1e\"> </span>considerando <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>regulaci\u00f3n <span class=\"_ _1e\"> </span>vigente <span class=\"_ _1e\"> </span>al <span class=\"_ _1e\"> </span>cierre <span class=\"_ _1e\"> </span>del <span class=\"_ _1e\"> </span>ejercicio <span class=\"_ _1e\"> </span>que, <span class=\"_ _1e\"> </span>entre <span class=\"_ _1e\"> </span>otros,<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>garan<span class=\"_ _6\"></span>tiza <span class=\"_ _1e\"> </span>una rentabilidad razon<span class=\"_ _6\"></span>able m\u00ednima, p<span class=\"_ _6\"></span>ara una instalaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo bien gestionada, d<span class=\"_ _6\"></span>el 7,4%  Costes de operaci\u00f3n<span class=\"_ _6\"></span> e inversi\u00f3n. Se han con<span class=\"_ _6\"></span>siderado costes y capex de man<span class=\"_ _6\"></span>tenimiento coherentes co<span class=\"_ _6\"></span>n los incurridos en los<span class=\"_ _6\"></span> \u00faltimos a\u00f1<span class=\"_ _6\"></span>os. Costes de biomas<span class=\"_ _6\"></span>a en l\u00ednea con la<span class=\"_ _6\"></span> media hist\u00f3rica po<span class=\"_ _6\"></span>r tipo de insumo.<span class=\"_ _6\"></span> Tasas de crecimiento en el <span class=\"_ _6\"></span>entorn<span class=\"_ _6\"></span>o del 1,7% y tas<span class=\"_ _6\"></span>as de d<span class=\"_ _6\"></span>escuento antes de impuesto<span class=\"_ _6\"></span>s del 7,4%.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> 19.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Sensibilidades<span class=\"_ _1\"></span><span class=\"ff3\"> </span></span></span>Plantas de generaci\u00f3n<span class=\"_ _6\"></span> de energ\u00eda con b<span class=\"_ _6\"></span>iomasa<span class=\"_ _6\"></span> Una <span class=\"_ _15\"></span>disminuci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>curv<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>precios <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>aumento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>curv<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>precios <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>biomasa <span class=\"_ _15\"></span>del 5% <span class=\"_ _15\"></span>provocar\u00eda <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>incremento <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>deterioro <span class=\"_ _10\"></span>registrado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _15\"></span>importe <span class=\"_ _15\"></span>de <span class=\"_ _0\"></span><span class=\"lse\">0,</span>2 <span class=\"_ _15\"></span>millones <span class=\"_ _10\"></span><span class=\"ff6\">\u20ac <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>3,4 <span class=\"_ _10\"></span>millones <span class=\"_ _15\"></span>\u20ac, </span>respectivamente.  Activos biol\u00f3gicos<span class=\"_ _6\"></span> Un <span class=\"_ _15\"></span>incremento <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>precio <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>mercado <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>madera <span class=\"_ _10\"></span>del <span class=\"_ _6\"></span>3% <span class=\"_ _10\"></span>permitir\u00eda <span class=\"_ _10\"></span>redu<span class=\"_ _6\"></span>cir <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>deter<span class=\"_ _6\"></span>ioro <span class=\"_ _15\"></span>registrad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>en 1,3 millones<span class=\"ff6\">\u20ac</span>. Por su parte un<span class=\"_ _1\"></span>a reducci\u00f3n en el <span class=\"_ _1\"></span>precio de venta de <span class=\"_ _1\"></span>la madera del 3%<span class=\"_ _1\"></span> implicar\u00eda el registro de un deterioro adicion<span class=\"_ _6\"></span>al por 6,<span class=\"_ _6\"></span>9 <span class=\"ff6\">millones \u20ac.<span class=\"_ _33\"> </span></span><span class=\"fc3\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "16.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Propiedad, planta y equipo<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>El  movimiento <span class=\"_ _18\"> </span>habido  en  la<span class=\"_ _6\"></span>s  diferentes  cu<span class=\"_ _6\"></span>entas  d<span class=\"_ _6\"></span>e  este  ep\u00edgra<span class=\"_ _6\"></span>fe  del  Es<span class=\"_ _6\"></span>tado  de  Sit<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _18\"> </span>Financiera<span class=\"_ _33\"> </span> consolidado <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>de s<span class=\"_ _6\"></span>us <span class=\"_ _6\"></span>correspondientes <span class=\"_ _6\"></span>amortizaciones <span class=\"_ _6\"></span>acu<span class=\"_ _6\"></span>muladas <span class=\"_ _6\"></span>en los<span class=\"_ _6\"></span> ejercicios<span class=\"_ _6\"></span> 202<span class=\"_ _15\"></span>4 y <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>sido <span class=\"_ _6\"></span>el<span class=\"_ _33\"> </span> siguiente:<span class=\"_ _33\"> </span> Miles de euros<span class=\"_ _33\"> </span> 31 de diciembre de 2024<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Variaciones<span class=\"_ _33\"> </span> del<span class=\"_ _33\"> </span> per\u00edmetro<span class=\"_ _33\"> </span> (Nota 6)<span class=\"_ _33\"> </span> Adiciones<span class=\"_ _33\"> </span> o<span class=\"_ _33\"> </span> Dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones Traspasos  Diferencias<span class=\"_ _33\"> </span> de<span class=\"_ _33\"> </span> conversi\u00f3n<span class=\"_ _33\"> </span> y otros<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/12/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Terrenos forestales<span class=\"_ _33\"> </span> 87.856    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 16   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 87.872    Otros terrenos<span class=\"_ _33\"> </span> 16.705    161   <span class=\"ls0_1\"> </span>238   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 398 <span class=\"ls0_1\"> </span>8   <span class=\"ls0_1\"> </span>17.510    Construcciones<span class=\"_ _33\"> </span> 166.250    2.970    160   <span class=\"ls0_1\"> </span>(302)    3.023  -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 172.101    Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span> 1.878.461    423   <span class=\"ls0_1\"> </span>1.821    (16.700)    25.036  5   <span class=\"ls0_1\"> </span>1.889.046    Otro inmovilizado<span class=\"_ _33\"> </span> 59.599    85   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (1.622)    4.026  1   <span class=\"ls0_1\"> </span>62.089    Anticipos e inmovilizado en curso<span class=\"_ _33\"> </span> 43.642    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 54.828    (1.235)    (38.138)    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 59.097    Derecho de uso (Nota 17)<span class=\"_ _33\"> </span> 53.928    3.565    12.347    (4.183)    6.259  -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> 71.916     Total coste  2.306.441   <span class=\"ls0_1\"> </span>7.204   <span class=\"ls0_1\"> </span>69.410   <span class=\"ls0_1\"> </span>(24.042)    604 <span class=\"ls0_1\"> </span>14   <span class=\"ls0_1\"> </span>2.359.631   <span class=\"ls0_1\"> </span>Construcciones<span class=\"_ _33\"> </span> (78.818)    (738)    (5.152)    302   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (84.406)    Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span> (1.157.573)    (107)    (73.984)    13.180    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (5)    (1.218.489)    Otro inmovilizado<span class=\"_ _33\"> </span> (36.997)    (73)    (3.036)    1.531    15   <span class=\"ls0_1\"> </span>(1)    (38.561)    Derecho de uso (Nota 17)<span class=\"_ _33\"> </span> (11.637)    (454)    (4.917)    1.252    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (15.756)     Total amortizaciones  (1.285.025)    (1.372)    (87.089)    16.265   <span class=\"ls0_1\"> </span>15   <span class=\"ls0_1\"> </span>(6)    (1.357.212)     Deterioros de valor (Nota 19)  (32.417)    -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (228)    4.846   <span class=\"ls0_1\"> </span>-<span class=\"ls22\">  </span><span class=\"ls22\"> </span> -<span class=\"ls22\">  </span><span class=\"ls22\"> </span> (27.799)     Total Neto  988.999   <span class=\"ls0_1\"> </span>974.620  Miles de euros<span class=\"_ _33\"> </span> 31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Adiciones o<span class=\"_ _33\"> </span> Dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones Traspasos  Diferencias de<span class=\"_ _33\"> </span> conversi\u00f3n y<span class=\"_ _33\"> </span> otros<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> Terrenos forestales<span class=\"_ _33\"> </span> 83.794<span class=\"_ _33\"> </span> 4.062<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 87.856<span class=\"_ _33\"> </span> Otros terrenos<span class=\"_ _33\"> </span> 15.262<span class=\"_ _33\"> </span> 1.369<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 79<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(5)<span class=\"_ _33\"> </span> 16.705<span class=\"_ _33\"> </span> Construcciones<span class=\"_ _33\"> </span> 160.827<span class=\"_ _33\"> </span> 425<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 4.998<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 166.250<span class=\"_ _33\"> </span> Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span> 1.835.754<span class=\"_ _33\"> </span> 3.171<span class=\"_ _33\"> </span> (1.555) 41.094<span class=\"_ _33\"> </span> (3) 1.878.461<span class=\"_ _33\"> </span> Otro inmovilizado<span class=\"_ _33\"> </span> 56.700<span class=\"_ _33\"> </span> 93<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 2.806<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 59.599<span class=\"_ _33\"> </span> Anticipos e inmovilizado en curso<span class=\"_ _33\"> </span> 25.169<span class=\"_ _33\"> </span> 68.695<span class=\"_ _33\"> </span> (1.871) (48.351)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 43.642<span class=\"_ _33\"> </span> Derecho de uso (Nota 17)<span class=\"_ _33\"> </span> 47.345<span class=\"_ _33\"> </span> 9.843<span class=\"_ _33\"> </span> (2.829)<span class=\"_ _33\"> </span> (431)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 53.928  Total coste  2.224.851<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>87.658<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(6.255)<span class=\"_ _33\"> </span> 195<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(8) 2.306.441<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Construcciones<span class=\"_ _33\"> </span> (73.370) (5.448)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (78.818)<span class=\"_ _33\"> </span> Instalaciones t\u00e9cnicas y maquinaria<span class=\"_ _33\"> </span> (1.081.064) (76.562)<span class=\"_ _33\"> </span> 44<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>6<span class=\"_ _33\"> </span> 3 (1.157.573)<span class=\"_ _33\"> </span> Otro inmovilizado<span class=\"_ _33\"> </span> (34.248) (2.749)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (36.997)<span class=\"_ _33\"> </span> Derecho de uso (Nota 17)<span class=\"_ _33\"> </span> (9.177) (4.653)<span class=\"_ _33\"> </span> 2.193<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (11.637)  Total amortizaciones  (1.197.859) (89.412)<span class=\"_ _33\"> </span> 2.237<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>6<span class=\"_ _33\"> </span> 3 (1.285.025)  Deterioros de valor (Nota 19<span class=\"ls33\">) </span> (43.116) (2.853)<span class=\"_ _33\"> </span> 13.527<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>25<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>- (32.417)  Total Neto  983.876<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>988.999<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Los activos<span class=\"_ _6\"></span> productivos del Grupo s<span class=\"_ _6\"></span>e ubican <span class=\"_ _6\"></span>mayoritariamente <span class=\"_ _6\"></span>en Espa\u00f1<span class=\"_ _6\"></span>a.<span class=\"_ _33\"> </span>16.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Adiciones<span class=\"_ _1\"></span> </span></span>El <span class=\"_ _12\"> </span>Gru<span class=\"_ _6\"></span>po <span class=\"_ _1a\"> </span>ha  acome<span class=\"_ _1\"></span>tido  inversiones <span class=\"_ _12\"> </span>en  sus <span class=\"_ _12\"> </span>plantas  productivas  de <span class=\"_ _11\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>Negocios  Celulosa  y <span class=\"_ _12\"> </span>Renovables orientadas <span class=\"_ _6\"></span>a mejorar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>eficiencia del proceso<span class=\"_ _6\"></span> productivo<span class=\"_ _6\"></span>, a <span class=\"_ _15\"></span>optimizar la <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _6\"></span>de energ\u00eda <span class=\"_ _6\"></span>el\u00e9ctrica y <span class=\"_ _6\"></span>a mejorar en el cuidado<span class=\"_ _6\"></span> al medio ambiente. Su<span class=\"_ _6\"></span> desglose es el <span class=\"_ _6\"></span>siguiente<span class=\"_ _6\"></span>: Miles de Euros 31/12/2024<span class=\"ls0_1\"> </span>31/12/2023<span class=\"ls0_1\"> </span>Negocio Celulosa:     <span class=\"ls0_1\">Pontevedra y corporativo </span>17.138 32.765     <span class=\"ls0_1\">Navia </span>21.533 26.885     <span class=\"ls0_1\">Otros </span>2.170 1.781 Negocio Energ\u00eda Renovable:     <span class=\"ls0_1\">Huelva - 46 MW  </span>2.175 5.605     <span class=\"ls0_1\">Huelva - 50 MW </span>2.969 3.381     <span class=\"ls0_1\">Puertollano <span class=\"ff6\">\u2013</span> 50 MW </span>1.839 3.235     <span class=\"ls0_1\">Otros </span>9.239 4.163 Subtotal  57.063<span class=\"ls0_1\"> </span>77.815<span class=\"ls0_1\"> </span>Derechos de uso (ver Nota 17) 12.347 9.843 69.410<span class=\"ls0_1\"> </span>87.658<span class=\"_ _33\"> </span>La <span class=\"_ _10\"></span>b<span class=\"_ _6\"></span>iof\u00e1brica <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Nav<span class=\"_ _6\"></span>ia <span class=\"_ _0\"></span>incluye <span class=\"_ _10\"></span>entre <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>inversiones <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>adaptaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>pro<span class=\"_ _6\"></span>ceso <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>roductivo <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>producir celulosa Fluff con una <span class=\"_ _6\"></span>inversi\u00f3n <span class=\"_ _6\"></span>al 31 de diciembr<span class=\"_ _6\"></span>e de <span class=\"lse\">2024 <span class=\"_ _6\"></span></span>de 7,4 <span class=\"ff6\">millones \u20ac.<span class=\"_ _33\"> </span></span>16.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Compromis<span class=\"_ _1\"></span>os de inversi\u00f3n<span class=\"_ _33\"> </span></span></span>El <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>comprometido <span class=\"_ _15\"></span>inversion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>2024 <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>er\u00e1n <span class=\"_ _15\"></span>ejecutadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>futuro<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por un importe de, ap<span class=\"_ _6\"></span>roximadamente,<span class=\"_ _6\"></span> 47 millones <span class=\"_ _6\"></span><span class=\"ff6\">\u20ac</span>.<span class=\"_ _33\"> </span>16.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Bienes tot<span class=\"_ _1\"></span>almente amortiz<span class=\"_ _1\"></span>ados  </span></span>Al <span class=\"_ _11\"> </span>cierr<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>20<span class=\"_ _6\"></span>24 <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>2023 <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>Grupo <span class=\"_ _12\"> </span>ten\u00eda <span class=\"_ _12\"> </span>elemento<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>inmovilizado <span class=\"_ _12\"> </span>material <span class=\"_ _12\"> </span>totalmente amortizados q<span class=\"_ _6\"></span>ue segu\u00edan en uso co<span class=\"_ _6\"></span>nforme al siguiente detalle:<span class=\"_ _15\"></span> Miles de Euros 202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Construcciones 35.071 28.475 Instalaciones t\u00e9cnicas 114.268 130.988 Maquinaria 334.725 313.170 Utillaje 722<span class=\"ls0_1\"> </span>717<span class=\"ls0_1\"> </span>Mobiliario 2.240 2.352 Otros  11.138 11.902 498.164<span class=\"ls0_1\"> </span>487.604<span class=\"_ _33\"> </span>16.4<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Revalorizaci<span class=\"_ _1\"></span>ones </span></span>Al <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>enero <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2004, <span class=\"_ _0\"></span>fe<span class=\"_ _6\"></span>cha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>transici\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>NIIF<span class=\"_ _15\"></span>-UE, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>actualizaron <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>suelos <span class=\"_ _0\"></span>forestales <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>valor razonable. Dicho valor <span class=\"_ _e\"></span>fue determinado por tasadores e<span class=\"_ _1\"></span>xpertos e <span class=\"_ _1\"></span>independientes y se <span class=\"_ _e\"></span>considera como coste hist\u00f3rico <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>referencia <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>acuerdo <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>lo <span class=\"_ _11\"> </span>estab<span class=\"_ _6\"></span>lecido <span class=\"_ _11\"> </span>por <span class=\"_ _12\"> </span>las <span class=\"_ _11\"> </span>Normas <span class=\"_ _12\"> </span>Internacionales <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>Conta<span class=\"_ _6\"></span>bilidad. <span class=\"_ _12\"> </span>La plusval\u00eda <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>revalorizaci\u00f3n <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>ciende a <span class=\"_ _15\"></span>54.102 <span class=\"_ _15\"></span>miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>3<span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span><span class=\"ff4\">e <span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>024 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2023<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e in<span class=\"_ _6\"></span>cluye <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el </span>ep\u00edgrafe \u201cAjustes en pat<span class=\"_ _6\"></span>rimonio po<span class=\"_ _6\"></span>r valoraci\u00f3n\u201d d<span class=\"_ _6\"></span>el patrimonio neto (v\u00e9as<span class=\"_ _6\"></span>e Nota 21.6).<span class=\"_ _33\"> </span>16.5<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Pol\u00edtica de <span class=\"_ _1\"></span>seguros </span></span>La <span class=\"_ _6\"></span>pol\u00edtica <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>formalizar <span class=\"_ _6\"></span>p\u00f3lizas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>seguro <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>cubrir <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>posib<span class=\"_ _6\"></span>les <span class=\"_ _6\"></span>riesgos <span class=\"_ _6\"></span>a qu<span class=\"_ _6\"></span>e est\u00e1n <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ujetos <span class=\"_ _6\"></span>los diversos <span class=\"_ _15\"></span>elementos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>inmovilizado <span class=\"_ _15\"></span>material. <span class=\"_ _15\"></span>Los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Administradores <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Sociedad<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Dominante, <span class=\"_ _6\"></span>as<span class=\"_ _6\"></span>\u00ed <span class=\"_ _15\"></span>como sus <span class=\"_ _11\"></span>asesores <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>esta <span class=\"_ _0\"></span>materia, <span class=\"_ _0\"></span>estiman<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>cobertura <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>estos<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>riesgos <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>dicie<span class=\"_ _6\"></span>mbre <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>202<span class=\"_ _15\"></span>4 <span class=\"_ _11\"></span>es adecuada.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "El <span class=\"_ _6\"></span>Grupo <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>comprometido <span class=\"_ _15\"></span>inversion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>2024 <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>er\u00e1n <span class=\"_ _15\"></span>ejecutadas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>futuro<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por un importe de, ap<span class=\"_ _6\"></span>roximadamente,<span class=\"_ _6\"></span> 47 millones <span class=\"_ _6\"></span><span class=\"ff6\">\u20ac</span>.<span class=\"_ _33\"> </span>La pol\u00edtica <span class=\"_ _1\"></span>del Grupo <span class=\"_ _1\"></span>es formalizar p\u00f3lizas de <span class=\"_ _e\"></span>seguros<span class=\"_ _6\"></span> para <span class=\"_ _1\"></span>cubrir los posibles riesgos <span class=\"_ _1\"></span>a que <span class=\"_ _e\"></span>est\u00e1<span class=\"_ _6\"></span>n sujetas sus existencias, estim\u00e1ndos<span class=\"_ _6\"></span>e que la cobertura<span class=\"_ _6\"></span> de estos riesgos<span class=\"_ _6\"></span> a 31 de diciembre de 202<span class=\"_ _15\"></span>4 y 2023 es ad<span class=\"_ _6\"></span>ecuada.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "17.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Arrendamientos </span></span>17.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Activos por de<span class=\"_ _1\"></span>rechos de uso </span></span>El <span class=\"_ _15\"></span>movimiento <span class=\"_ _15\"></span>habido <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>diferentes <span class=\"_ _15\"></span>cuenta<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>recogen <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>\u201cDerechos <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>us<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>sob<span class=\"_ _6\"></span>re <span class=\"_ _6\"></span>activos\u201d<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>su<span class=\"_ _6\"></span>s correspondientes a<span class=\"_ _6\"></span>mortizaciones a<span class=\"_ _6\"></span>cumuladas en 202<span class=\"_ _6\"></span>4 y 202<span class=\"_ _6\"></span>3 ha sido el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _33\"> </span>Miles de euros<span class=\"_ _33\"> </span>31 de diciembre de 2024<span class=\"_ _33\"> </span> Notas<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Variaciones<span class=\"_ _33\"> </span> del per\u00edmetro<span class=\"_ _33\"> </span> (Nota 6)<span class=\"_ _33\"> </span> Adiciones/<span class=\"_ _33\"> </span> Dotaciones Retiros Traspasos<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/12/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Coste -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica<span class=\"_ _33\"> </span> Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>19.898<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 19.898<span class=\"_ _33\"> </span> Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>10.132<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 1.504 (262)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 11.374<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>23.898<span class=\"_ _33\"> </span> 3.565<span class=\"_ _33\"> </span> 10.843 (3.921)<span class=\"_ _33\"> </span> 6.259<span class=\"_ _33\"> </span> 40.644  Coste  53.928<span class=\"ls0_1\"> </span>  <span class=\"ls9\">3.565  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">12.347  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(4.183)      <span class=\"ls9\">6.259  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">71.916  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>Amortizaci\u00f3n -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica<span class=\"_ _33\"> </span> Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>775<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 384<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 1.159<span class=\"_ _33\"> </span> Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2.288<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 619<span class=\"ls0_1\"> </span>(132)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.775<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>8.574<span class=\"_ _33\"> </span> 454<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>3.914 (1.120)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 11.822  Amortizaci\u00f3n  11.637<span class=\"ls0_1\"> </span>  <span class=\"ls9\">454  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">4.917  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(1.252)                         <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">15.756  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span> Total Neto  42.291<span class=\"ls0_1\"> </span>  <span class=\"ls9\">56.160  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(*) Incluye principalmente arrendamientos de oficinas, veh\u00edculos y otra maquinaria de aprovechamiento forestal.<span class=\"_ _33\"> </span> Miles de euros<span class=\"_ _33\"> </span> 31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> Notas<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Adiciones/<span class=\"_ _33\"> </span> Dotaciones Retiros<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> Coste -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span> 19.898<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> - 19.898<span class=\"_ _33\"> </span> Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span> 9.633<span class=\"_ _33\"> </span> 1.581<span class=\"_ _33\"> </span> (1.082) 10.132<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span> 17.383<span class=\"_ _33\"> </span> 8.262<span class=\"_ _33\"> </span> (1.747) 23.898  Coste  46.914<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>9.843<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(2.829) 53.928<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Amortizaci\u00f3n -<span class=\"_ _33\"> </span> Terrenos biof\u00e1brica Pontevedra<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>384<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>391<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 775<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Arriendos forestales<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2.394<span class=\"_ _33\"> </span> 687<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(793)<span class=\"_ _33\"> </span> 2.288<span class=\"_ _33\"> </span> Resto (*)<span class=\"_ _33\"> </span> 16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>6.399<span class=\"_ _33\"> </span> 3.575<span class=\"_ _33\"> </span> (1.400)<span class=\"_ _33\"> </span> 8.574  Amortizaci\u00f3n  9.177<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.653<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(2.193) 11.637<span class=\"ls0_1\"> </span> Total Neto    <span class=\"ls9\">37.737  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">42.291  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>(*) Incluye principalmente arrendamientos de oficinas, veh\u00edculos y otra maquinari<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>de aprovechamiento forestal.<span class=\"_ _33\"> </span>17.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Pasivos por ar<span class=\"_ _1\"></span>rendamient<span class=\"_ _1\"></span>o </span></span>El <span class=\"_ _15\"></span>movimiento <span class=\"_ _10\"></span>habido <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>est<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Estad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _10\"></span>Financiera <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>2<span class=\"_ _6\"></span>023 <span class=\"_ _15\"></span>ha sido el siguiente:<span class=\"_ _33\"> </span>Miles de euros 31 de diciembre de 2024 Notas Saldo al 01/01/2024<span class=\"ls0_1\"> </span>Variaciones del per\u00edmetro (Nota 6) Adiciones Cuotas pagadas Retiros Traspasos Intereses Saldo al 31/12/2024<span class=\"ls0_1\"> </span>Deuda corto plazo 28.2   <span class=\"ls0_1\">5.107    </span>  <span class=\"ls9\">440   <span class=\"ls0_1\"> </span></span>14<span class=\"ls0_1\"> </span>(9.050) (587) 8.273 2.824   <span class=\"ls0_1\">7.021    </span>Deuda largo plazo 28.2   <span class=\"ls0_1\">39.728    </span>  <span class=\"ls0_1\">1.182    </span>19.633 - (744) (8.273) -   <span class=\"ls0_1\">51.526    </span>  <span class=\"ls9\">44.835   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">1.622   <span class=\"ls0_1\"> </span></span>19.647<span class=\"ls0_1\"> </span>(9.050) (1.331) - 2.824<span class=\"ls0_1\"> </span>  <span class=\"ls9\">58.547<span class=\"_ _33\"> </span></span>Miles de euros 31 de diciembre de 2023 Notas Saldo al 01/01/2023<span class=\"ls0_1\"> </span>Adiciones Cuotas pagadas Traspasos Intereses Saldo al 31/<span class=\"ls9\">12<span class=\"ls22\">/2023</span></span> Deuda corto plazo 28<span class=\"ls8\">.2</span> 3.676 - (7.381) 6.420 2.364 5.107 Deuda largo plazo 28<span class=\"ls8\">.2</span> 35.624 11.135 - (6.420) - 39.728 39.300<span class=\"ls0_1\"> </span>11.135<span class=\"ls0_1\"> </span>(7.381) - 2.364<span class=\"ls0_1\"> </span>44.835<span class=\"ls0_1\"> </span>Las cuotas son actualizad<span class=\"_ _6\"></span>as considerando<span class=\"_ _6\"></span> la tasa incremental de endeudamiento. <span class=\"_ _15\"></span>Dicha tasa se ha estimado, considerando informaci\u00f3n de mercado disponible, en el rango 5,8%-5,9% para contratos con una vigencia de 1-5 <span class=\"_ _e\"></span>a\u00f1os, 5,9%-<span class=\"_ _1\"></span><span class=\"lse\">6,<span class=\"ls0_1\">2% <span class=\"_ _1\"></span>para <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>tratos <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>una vigencia <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>5-10 <span class=\"_ _1\"></span>a\u00f1os, 6,2%-<span class=\"_ _1\"></span><span class=\"lse\">6,<span class=\"ls0_1\">6% <span class=\"_ _e\"></span>para contratos <span class=\"_ _e\"></span>con <span class=\"_ _1\"></span>una <span class=\"_ _e\"></span>vigencia </span></span></span></span>de 10-20 a\u00f1os y<span class=\"_ _6\"></span> 6,6%-<span class=\"lse\">7,</span>4% para<span class=\"_ _6\"></span> contratos co<span class=\"_ _6\"></span>n una vigencia entre 20<span class=\"_ _6\"></span>-40 a\u00f1<span class=\"_ _6\"></span>os. ENCE n<span class=\"_ _6\"></span>o tiene <span class=\"_ _6\"></span>previstas<span class=\"_ _6\"></span> salidas <span class=\"_ _6\"></span>de efectivo futu<span class=\"_ _6\"></span>ras relevan<span class=\"_ _6\"></span>tes a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>est\u00e9 potencialmen<span class=\"_ _6\"></span>te expuesto<span class=\"_ _6\"></span> y <span class=\"_ _6\"></span>que no est\u00e9n reflejadas en la v<span class=\"_ _6\"></span>aloraci\u00f3n d<span class=\"_ _6\"></span>e los pasivos p<span class=\"_ _6\"></span>or arrendamiento.<span class=\"_ _33\"> </span>17.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Importes re<span class=\"_ _1\"></span>conocidos en el Esta<span class=\"_ _1\"></span>do de Resultado Cons<span class=\"_ _1\"></span>olidado </span></span>Se <span class=\"_ _10\"></span>detalla <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>continuaci\u00f3n <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>impacto <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _0\"></span><span class=\"ff6\">\u201cAmortizaci\u00f3n<span class=\"_ _6\"></span>\u201d <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>\u201cGas<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>Fina<span class=\"_ _6\"></span>ncieros\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span></span>Estado <span class=\"_ _0\"></span>de Resultado Consolidad<span class=\"_ _6\"></span>o del ejerci<span class=\"_ _1\"></span>cio 2024 y 2023 <span class=\"_ _1\"></span>por arrendamientos reconocidos bajo IFRS-16, as\u00ed como las<span class=\"_ _1\"></span> cuotas paga<span class=\"_ _6\"></span>das en el ejercicio por dicho<span class=\"_ _6\"></span>s contratos d<span class=\"_ _6\"></span>e arrendamiento<span class=\"_ _6\"></span>: Miles de Euros 31 <span class=\"ls2c\">de </span>diciembre de 2024 Notas Amortizaci\u00f3n Gasto Financiero Cuota Arrendamiento Terrenos biof\u00e1brica Pontevedra 13 y 16<span class=\"ls0_1\"> </span>  <span class=\"ls9\">384   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.535    </span>  <span class=\"ls0_1\">1.577    </span>Otros terrenos 13 y 16<span class=\"ls0_1\"> </span>  <span class=\"ls9\">619   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">391   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.053    </span>Otros activos 13 y 16<span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">3.914    </span>  <span class=\"ls9\">898   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">6.420    </span>  <span class=\"ls9\">4.917   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">2.824   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">9.050   <span class=\"ls0_1\"> </span></span>Capitalizaci\u00f3n gastos             <span class=\"ls0_1\">(638)    </span>         <span class=\"ls0_1\">(391)    </span>                       <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">4.279   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">2.433   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">9.050<span class=\"_ _33\"> </span></span>Miles de Euros 31 <span class=\"ls2c\">de </span>diciembre de 2023 Notas Amortizaci\u00f3n Gasto Financiero Cuota Arrendamiento Terrenos biof\u00e1brica Pontevedra 13 y 16<span class=\"ls0_1\"> </span>  <span class=\"ls9\">391   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.538    </span>  <span class=\"ls0_1\">1.570    </span>Otros terrenos 13 y 16<span class=\"ls0_1\"> </span>  <span class=\"ls9\">687   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">325   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">1.106    </span>Otros activos 13y 16<span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">3.575    </span>  <span class=\"ls9\">501   <span class=\"ls0_1\"> </span></span>  <span class=\"ls0_1\">4.705    </span>  <span class=\"ls9\">4.653   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">2.364   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">7.381   <span class=\"ls0_1\"> </span></span>Capitalizaci\u00f3n gastos               <span class=\"ls0_1\">(690)    </span>           <span class=\"ls0_1\">(322)    </span>                    <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">3.963   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">2.042   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">7.381<span class=\"_ _33\"> </span></span>El <span class=\"_ _10\"></span>importe <span class=\"_ _0\"></span>reconocido <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>gasto <span class=\"_ _0\"></span>correspond<span class=\"_ _6\"></span>iente <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>arrendamientos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>corto <span class=\"_ _0\"></span>plazo <span class=\"_ _0\"></span>y <span class=\"_ _10\"></span>pagos <span class=\"_ _0\"></span>variables <span class=\"_ _0\"></span>no incluidos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>valoraci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>sido <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span><span class=\"lse\">834</span> <span class=\"_ _0\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span></span><span class=\"lse\">942</span> <span class=\"_ _0\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac, </span>respectivamente (v\u00e9as<span class=\"_ _6\"></span>e Nota 12).<span class=\"_ _33\"> </span>Considerando <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>con<span class=\"_ _6\"></span>tratos <span class=\"_ _12\"> </span>vigentes <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>31 <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>di<span class=\"_ _6\"></span>ciembre <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>202<span class=\"_ _6\"></span>4, <span class=\"_ _1a\"> </span>el <span class=\"_ _11\"> </span>gasto<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>amortizaci\u00f3n <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>gasto financiero <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>r\u00f3ximos 5 <span class=\"_ _6\"></span>a\u00f1<span class=\"_ _6\"></span>os, <span class=\"_ _6\"></span>vinculados <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>activos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>derechos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>so ser\u00e1 <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span>5,9 <span class=\"_ _6\"></span>millones \u20ac y 2,<span class=\"ff4\">6 </span>millones \u20ac, resp<span class=\"_ _6\"></span>ectivamente (<span class=\"ff4\">3,9 <span class=\"_ _6\"></span></span>millones \u20ac y <span class=\"_ _6\"></span><span class=\"ff4\">2,5 </span>millones \u20ac al 31 de d<span class=\"_ _6\"></span>iciembre de 202<span class=\"_ _6\"></span><span class=\"ff4 lse\">3)<span class=\"ls0_1\">.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "17.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Pasivos por ar<span class=\"_ _1\"></span>rendamient<span class=\"_ _1\"></span>o </span></span>El <span class=\"_ _15\"></span>movimiento <span class=\"_ _10\"></span>habido <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>est<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Estad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _10\"></span>Financiera <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>solidado <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>2<span class=\"_ _6\"></span>023 <span class=\"_ _15\"></span>ha sido el siguiente:<span class=\"_ _33\"> </span>Miles de euros 31 de diciembre de 2024 Notas Saldo al 01/01/2024<span class=\"ls0_1\"> </span>Variaciones del per\u00edmetro (Nota 6) Adiciones Cuotas pagadas Retiros Traspasos Intereses Saldo al 31/12/2024<span class=\"ls0_1\"> </span>Deuda corto plazo 28.2   <span class=\"ls0_1\">5.107    </span>  <span class=\"ls9\">440   <span class=\"ls0_1\"> </span></span>14<span class=\"ls0_1\"> </span>(9.050) (587) 8.273 2.824   <span class=\"ls0_1\">7.021    </span>Deuda largo plazo 28.2   <span class=\"ls0_1\">39.728    </span>  <span class=\"ls0_1\">1.182    </span>19.633 - (744) (8.273) -   <span class=\"ls0_1\">51.526    </span>  <span class=\"ls9\">44.835   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">1.622   <span class=\"ls0_1\"> </span></span>19.647<span class=\"ls0_1\"> </span>(9.050) (1.331) - 2.824<span class=\"ls0_1\"> </span>  <span class=\"ls9\">58.547<span class=\"_ _33\"> </span></span>Miles de euros 31 de diciembre de 2023 Notas Saldo al 01/01/2023<span class=\"ls0_1\"> </span>Adiciones Cuotas pagadas Traspasos Intereses Saldo al 31/<span class=\"ls9\">12<span class=\"ls22\">/2023</span></span> Deuda corto plazo 28<span class=\"ls8\">.2</span> 3.676 - (7.381) 6.420 2.364 5.107 Deuda largo plazo 28<span class=\"ls8\">.2</span> 35.624 11.135 - (6.420) - 39.728 39.300<span class=\"ls0_1\"> </span>11.135<span class=\"ls0_1\"> </span>(7.381) - 2.364<span class=\"ls0_1\"> </span>44.835<span class=\"ls0_1\"> </span>Las cuotas son actualizad<span class=\"_ _6\"></span>as considerando<span class=\"_ _6\"></span> la tasa incremental de endeudamiento. <span class=\"_ _15\"></span>Dicha tasa se ha estimado, considerando informaci\u00f3n de mercado disponible, en el rango 5,8%-5,9% para contratos con una vigencia de 1-5 <span class=\"_ _e\"></span>a\u00f1os, 5,9%-<span class=\"_ _1\"></span><span class=\"lse\">6,<span class=\"ls0_1\">2% <span class=\"_ _1\"></span>para <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>tratos <span class=\"_ _1\"></span>con <span class=\"_ _e\"></span>una vigencia <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>5-10 <span class=\"_ _1\"></span>a\u00f1os, 6,2%-<span class=\"_ _1\"></span><span class=\"lse\">6,<span class=\"ls0_1\">6% <span class=\"_ _e\"></span>para contratos <span class=\"_ _e\"></span>con <span class=\"_ _1\"></span>una <span class=\"_ _e\"></span>vigencia </span></span></span></span>de 10-20 a\u00f1os y<span class=\"_ _6\"></span> 6,6%-<span class=\"lse\">7,</span>4% para<span class=\"_ _6\"></span> contratos co<span class=\"_ _6\"></span>n una vigencia entre 20<span class=\"_ _6\"></span>-40 a\u00f1<span class=\"_ _6\"></span>os. ENCE n<span class=\"_ _6\"></span>o tiene <span class=\"_ _6\"></span>previstas<span class=\"_ _6\"></span> salidas <span class=\"_ _6\"></span>de efectivo futu<span class=\"_ _6\"></span>ras relevan<span class=\"_ _6\"></span>tes a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>est\u00e9 potencialmen<span class=\"_ _6\"></span>te expuesto<span class=\"_ _6\"></span> y <span class=\"_ _6\"></span>que no est\u00e9n reflejadas en la v<span class=\"_ _6\"></span>aloraci\u00f3n d<span class=\"_ _6\"></span>e los pasivos p<span class=\"_ _6\"></span>or arrendamiento.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": "18.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Activos biol\u00f3gicos </span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>En <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>ep\u00edgrafe <span class=\"_ _15\"></span>\u201cA<span class=\"_ _6\"></span>ctivos <span class=\"_ _10\"></span>biol\u00f3gicos\u201d <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>incluyen <span class=\"_ _10\"></span>exclusivame<span class=\"_ _6\"></span>nte <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>vuelos <span class=\"_ _0\"></span><span class=\"ff4\">forestales <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Grupo, <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>que <span class=\"_ _10\"></span>los<span class=\"_ _33\"> </span></span><span class=\"ff4\"> </span>terrenos <span class=\"_ _e\"></span>pro<span class=\"_ _6\"></span>piedad <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Grupo, <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>ubican<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>vuelos <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>presentan<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>ep\u00edgrafe <span class=\"_ _e\"></span>\u201c<span class=\"_ _6\"></span>Propiedad, <span class=\"_ _1\"></span>planta<span class=\"_ _33\"> </span> y equipo <span class=\"ff6\">\u2013</span> <span class=\"ff6\">terrenos<span class=\"_ _6\"></span> forestales\u201d. Su v<span class=\"_ _6\"></span>ariaci\u00f3n dura<span class=\"_ _6\"></span>nte los ejercicios 202<span class=\"_ _6\"></span></span>4 y 2023 ha sid<span class=\"_ _6\"></span>o la siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span> Miles de euros<span class=\"_ _33\"> </span> 31 <span class=\"ls2c\">de </span>diciembre de 2024<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Adiciones o<span class=\"_ _33\"> </span> dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/2024<span class=\"_ _33\"> </span></span></span> Negocio celulosa:<span class=\"_ _33\"> </span> Vuelos forestales   <span class=\"ls0_1\">128.782  </span><span class=\"ls0_1\">  </span>  <span class=\"ls0_1\">9.945  </span><span class=\"ls0_1\">  </span>         <span class=\"ls0_1\">(5.377)  </span><span class=\"ls0_1\">  </span>  <span class=\"ls0_1\">133.350 </span><span class=\"ls0_1\">   </span>Agotamiento de la reserva forestal      <span class=\"ls0_1\">(58.366)  </span><span class=\"ls0_1\">  </span>        <span class=\"ls0_1\">(9.725)  </span><span class=\"ls0_1\">  </span>  <span class=\"ls0_1\">5.300  </span><span class=\"ls0_1\">  </span>    <span class=\"ls0_1\">(62.791)  </span><span class=\"ls0_1\">  </span>Deterioro de valor (Nota 19)        <span class=\"ls0_1\">(3.508)  </span><span class=\"ls0_1\">  </span>           <span class=\"ls0_1\">(979)  </span><span class=\"ls0_1\">  </span>                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(4.487)  </span><span class=\"ls0_1\">  </span>  <span class=\"ls9\">66.908  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>           <span class=\"ls0_1\">(759)  </span><span class=\"ls0_1\">  </span>              <span class=\"ls0_1\">(77)  </span><span class=\"ls0_1\">  </span>  <span class=\"ls9\">66.072  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>Negocio energ\u00eda renovable:<span class=\"_ _33\"> </span> Vuelos forestales   <span class=\"ls0_1\">2.051  </span><span class=\"ls0_1\">  </span>  <span class=\"ls9\">47  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">2.098  </span><span class=\"ls0_1\">  </span>Agotamiento de la reserva forestal        <span class=\"ls0_1\">(1.752)  </span><span class=\"ls0_1\">  </span>                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">(1.752)  </span><span class=\"ls0_1\">  </span>Deterioro de valor (Nota 19)             <span class=\"ls0_1\">(96) </span><span class=\"ls0_1\">   </span>                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>           <span class=\"ls0_1\">(96)  </span><span class=\"ls0_1\">  </span>  <span class=\"ls9\">203  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">47  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>                   <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls9\">250  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">67.111  </span><span class=\"ls9\"> <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">66.322<span class=\"_ _33\"> </span></span>Miles de euros<span class=\"_ _33\"> </span> 31 <span class=\"ls2c\">de </span>diciembre de 2023<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 01/01/202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Adiciones o<span class=\"_ _33\"> </span> dotaciones<span class=\"_ _33\"> </span> Retiros o<span class=\"_ _33\"> </span> reducciones<span class=\"_ _33\"> </span> Saldo al<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3<span class=\"_ _33\"> </span> Negocio celulosa:<span class=\"_ _33\"> </span> Vuelos forestales<span class=\"_ _33\"> </span> 116.700<span class=\"_ _33\"> </span> 16.450<span class=\"_ _33\"> </span> (4.368)<span class=\"_ _33\"> </span> 128.782<span class=\"_ _33\"> </span> Agotamiento de la reserva forestal<span class=\"_ _33\"> </span> (53.815)<span class=\"_ _33\"> </span> (8.797)<span class=\"_ _33\"> </span> 4.246<span class=\"_ _33\"> </span> (58.366)<span class=\"_ _33\"> </span> Deterioro de valor (Nota 19)<span class=\"_ _33\"> </span> (2.508)<span class=\"_ _33\"> </span> (1.000)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (3.508)<span class=\"_ _33\"> </span> 60.377<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>6.653<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>(122)<span class=\"_ _33\"> </span> 66.908<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Negocio energ\u00eda renovable:<span class=\"_ _33\"> </span> Vuelos forestales<span class=\"_ _33\"> </span> 2.002<span class=\"_ _33\"> </span> 49<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 2.051<span class=\"_ _33\"> </span> Agotamiento de la reserva forestal<span class=\"_ _33\"> </span> (1.752)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (1.752)<span class=\"_ _33\"> </span> Deterioro de valor (Nota 19)<span class=\"_ _33\"> </span> (96)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (96)<span class=\"_ _33\"> </span> 154<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>49<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> 203<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>60.531<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>67.111<span class=\"_ _33\"> </span>ENCE se adju<span class=\"_ _6\"></span>dic\u00f3 en 2023 el p<span class=\"_ _6\"></span>atrimonio forestal d<span class=\"_ _6\"></span>e Sniace u<span class=\"_ _6\"></span>bicado en Can<span class=\"_ _6\"></span>tabria, qu<span class=\"_ _6\"></span>e incluye un tota<span class=\"_ _6\"></span>l 3.362<span class=\"_ _33\"> </span> hect\u00e1reas <span class=\"_ _6\"></span>forestales<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>117 <span class=\"_ _6\"></span>hect\u00e1reas<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>son<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>propiedad <span class=\"_ _6\"></span>(v\u00e9as<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Nota <span class=\"_ _15\"></span>16), <span class=\"_ _6\"></span>cinco <span class=\"_ _15\"></span>huertos <span class=\"_ _15\"></span>semilleros<span class=\"_ _33\"> </span> de eucalipto <span class=\"_ _e\"></span>N<span class=\"_ _6\"></span>itens y <span class=\"_ _1\"></span>dos espe<span class=\"_ _1\"></span>cies come<span class=\"_ _1\"></span>rciales de <span class=\"_ _1\"></span>eucalipto<span class=\"_ _6\"></span> Gl\u00f3bulus, resistentes a <span class=\"_ _e\"></span>las plagas locales <span class=\"_ _e\"></span>de este<span class=\"_ _33\"> </span> cultivo por un<span class=\"_ _6\"></span> importe conjunto de 10,8 millones<span class=\"_ _6\"></span> \u20ac. <span class=\"_ _6\"></span><span class=\"ff4\"> </span>Por <span class=\"_ _6\"></span>otra <span class=\"_ _15\"></span>parte, <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>realizad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>ejercicios <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _6\"></span>labores <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>lantaci\u00f3n <span class=\"_ _15\"></span>en 1.<span class=\"_ _6\"></span><span class=\"lse\">615</span> <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>ect\u00e1reas <span class=\"_ _6\"></span>y<span class=\"_ _33\"> </span> 1.273<span class=\"ls0_1\"> <span class=\"_ _12\"> </span>hect\u00e1reas<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>respectivamente,  y <span class=\"_ _11\"> </span>ha  ejecutado <span class=\"_ _12\"> </span>labores <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>conservaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>elvicultura <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>obre <span class=\"_ _12\"> </span>1<span class=\"_ _15\"></span>8.901<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>hect\u00e1reas <span class=\"_ _e\"></span>y 19.878 <span class=\"_ _a\"></span>hect\u00e1reas<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>resp<span class=\"_ _6\"></span>ectivamente, <span class=\"_ _e\"></span>lo <span class=\"_ _1\"></span>que <span class=\"_ _e\"></span>ha supuesto <span class=\"_ _e\"></span>una <span class=\"_ _e\"></span>inv<span class=\"_ _6\"></span>ersi\u00f3n <span class=\"_ _e\"></span>por <span class=\"_ _1\"></span>importe <span class=\"_ _e\"></span>de 9.992 <span class=\"_ _a\"></span>mi<span class=\"_ _6\"></span>les<span class=\"_ _33\"> </span> \u20ac y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"ff4\">9.866 <span class=\"_ _6\"></span></span>miles <span class=\"_ _6\"></span>\u20ac, <span class=\"_ _6\"></span>respectivamente. Una <span class=\"_ _15\"></span>parte<span class=\"ff4\"> <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e esta<span class=\"_ _6\"></span>s inversion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>8.<span class=\"lse\">915</span> <span class=\"_ _6\"></span></span>miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>202<span class=\"ff4\">4 <span class=\"_ _6\"></span><span class=\"ls35\">y<span class=\"_ _33\"> </span></span></span>8.779 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _15\"></span>\u20ac <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span></span>3 <span class=\"_ _6\"></span><span class=\"ff6\">se <span class=\"_ _15\"></span>reco<span class=\"_ _6\"></span>gen <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>ep\u00edg<span class=\"_ _6\"></span>rafe <span class=\"_ _6\"></span>\u201cTrabaj<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>realizad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>empresa <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>inmovilizado\u201d<span class=\"_ _33\"> </span></span><span class=\"ff6\"><span class=\"_ _6\"></span> </span>del Estado d<span class=\"_ _6\"></span>e Resultado consolidado. <span class=\"_ _6\"></span> Por <span class=\"_ _6\"></span>su <span class=\"_ _15\"></span>parte, <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Grupo <span class=\"_ _6\"></span>ha <span class=\"_ _15\"></span>capitalizado <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>ejercicio <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>importe <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>1.0<span class=\"_ _6\"></span><span class=\"lse\">29</span> <span class=\"_ _6\"></span>miles <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>euro<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>(<span class=\"_ _6\"></span>1.012 <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac<span class=\"_ _33\"> </span></span><span class=\"ff6\"> </span>en <span class=\"_ _11\"> </span>2023<span class=\"_ _6\"></span>) <span class=\"_ _12\"> </span>correspon<span class=\"_ _6\"></span>diente <span class=\"_ _11\"> </span>a  cuotas <span class=\"_ _11\"> </span>po<span class=\"_ _6\"></span>r <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>erecho <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>us<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>costes <span class=\"_ _12\"> </span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>t<span class=\"_ _6\"></span>errenos <span class=\"_ _12\"> </span>des<span class=\"_ _6\"></span>tinados <span class=\"_ _12\"> </span>al<span class=\"_ _33\"> </span> desarrollo de activo<span class=\"_ _6\"></span>s biol\u00f3gicos (v<span class=\"_ _6\"></span>\u00e9ase Nota 17).<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> ENCE <span class=\"_ _15\"></span>suscribi\u00f3 <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>2018 <span class=\"_ _15\"></span>diversos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>acuerdos <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>largo <span class=\"_ _15\"></span>plazo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>venta <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>madera <span class=\"_ _15\"></span>procedente<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>patrimonio<span class=\"_ _33\"> </span> forestal ubicado en el <span class=\"_ _6\"></span>Sur de <span class=\"_ _6\"></span>Espa\u00f1<span class=\"_ _6\"></span>a. Los acuerdos es<span class=\"_ _6\"></span>t\u00e1n vigentes hasta<span class=\"_ _6\"></span> diciembre de 2030 y<span class=\"_ _6\"></span> los vol\u00famenes<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> acordados s<span class=\"_ _6\"></span>e sit\u00faan entre 170.000 toneladas<span class=\"_ _6\"></span> y 24<span class=\"_ _6\"></span>0.000 toneladas<span class=\"_ _6\"></span> anuales<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span> 18.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff8 fc2\">Detalle de v<span class=\"_ _1\"></span>uelos forestales </span></span><span class=\"ff5\"><span class=\"ff8 fc2\"> </span></span>El <span class=\"_ _1\"></span>Grupo ge<span class=\"_ _1\"></span>stiona en <span class=\"_ _e\"></span>la Pen\u00ednsula <span class=\"_ _e\"></span>Ib\u00e9rica una <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>uperficie <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>atrimonial bruta total <span class=\"_ _e\"></span>de 70.100 <span class=\"_ _e\"></span>hect\u00e1reas, con <span class=\"_ _1\"></span>una<span class=\"_ _33\"> </span> superficie total planta<span class=\"_ _6\"></span>da de 4<span class=\"_ _6\"></span>9.354 hect\u00e1<span class=\"_ _6\"></span>reas. El deta<span class=\"_ _6\"></span>lle de los<span class=\"_ _6\"></span> vuelos fores<span class=\"_ _6\"></span>tales al 31 de <span class=\"_ _6\"></span>diciembre de 202<span class=\"_ _6\"></span>4<span class=\"_ _33\"> </span> y 2023 es el siguiente:<span class=\"_ _33\"> </span>Pen\u00ednsula Ib\u00e9rica<span class=\"_ _33\"> </span> A\u00f1o 2024<span class=\"_ _33\"> </span> A\u00f1o 20<span class=\"ls9\">23<span class=\"_ _33\"> </span></span> Valor Neto<span class=\"_ _33\"> </span> Contable<span class=\"_ _33\"> </span> en Miles \u20ac<span class=\"_ _33\"> </span><span class=\"ff4\"> </span>Valor Neto<span class=\"_ _33\"> </span> Contable<span class=\"_ _33\"> </span> en Miles \u20ac<span class=\"_ _33\"> </span><span class=\"ff4\"> </span>Hect\u00e1reas (*)<span class=\"_ _33\"> </span> Hect\u00e1reas (*)<span class=\"_ _33\"> </span> Edad en A\u00f1os<span class=\"_ _33\"> </span> &gt; 17<span class=\"_ _33\"> </span> 1.391<span class=\"_ _33\"> </span> 2.626<span class=\"_ _33\"> </span> 1.658<span class=\"_ _33\"> </span> 2.722<span class=\"_ _33\"> </span> 14 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> </span></span>16<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>4.677<span class=\"_ _33\"> </span> 9.962<span class=\"_ _33\"> </span> 5.226 12.135<span class=\"_ _33\"> </span> 11 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> </span></span>13<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>6.285 12.430<span class=\"_ _33\"> </span> 7.135 15.832<span class=\"_ _33\"> </span> 8 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> </span></span>10<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>5.645<span class=\"_ _33\"> </span> 7.239<span class=\"_ _33\"> </span> 5.923<span class=\"_ _33\"> </span> 7.825<span class=\"_ _33\"> </span> 4 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> 7<span class=\"_ _33\"> </span></span></span><span class=\"ff6 ls0_1\"><span class=\"ff4\"> </span></span>12.212 14.589<span class=\"_ _33\"> </span> 11.176 12.524<span class=\"_ _33\"> </span> 0 <span class=\"ff6 ls0_1\">\u2013<span class=\"ff4\"> 3<span class=\"_ _33\"> </span></span></span><span class=\"ff6 ls0_1\"><span class=\"ff4\"> </span></span>19.144 24.059<span class=\"_ _33\"> </span> 18.072 19.677<span class=\"_ _33\"> </span> Deterioro activos biol\u00f3gicos<span class=\"_ _33\"> </span> - (4.583)<span class=\"_ _33\"> </span> - (3.604)<span class=\"_ _33\"> </span> 49.354<span class=\"ls0_1\"> </span>66.322<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>49.190<span class=\"ls0_1\"> </span>67.111<span class=\"_ _33\"> </span>(*) Superficie patrimonial p<span class=\"_ _6\"></span>lantada<span class=\"_ _33\"> </span> Adicionalmente, <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>pat<span class=\"_ _6\"></span>rimonio <span class=\"_ _10\"></span>gestionad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>incluye <span class=\"_ _15\"></span>2.594 <span class=\"_ _10\"></span>hect\u00e1reas <span class=\"_ _10\"></span>ubicadas <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>Portugal <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>ENCE <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>endi\u00f3<span class=\"_ _33\"> </span> en 2013, <span class=\"_ _e\"></span>al suscribirse un acue<span class=\"_ _1\"></span>rdo con <span class=\"_ _1\"></span>el comprador <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>ara la <span class=\"_ _e\"></span>ad<span class=\"_ _6\"></span>quisici\u00f3n, a <span class=\"_ _1\"></span>precios de <span class=\"_ _e\"></span>mercado,<span class=\"_ _6\"></span> de <span class=\"_ _e\"></span>la madera<span class=\"_ _33\"> </span> producida en la<span class=\"_ _6\"></span> superficie vendida <span class=\"_ _6\"></span>durante un <span class=\"_ _6\"></span>periodo d<span class=\"_ _6\"></span>e 20 a\u00f1os.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBiologicalAssetsAndGovernmentGrantsForAgriculturalActivityExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "20.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Existencias </span></span>La composici\u00f3n d<span class=\"_ _6\"></span>e las existencias d<span class=\"_ _6\"></span>el Grupo al 31 de diciem<span class=\"_ _6\"></span>bre de 202<span class=\"_ _6\"></span>4 y 202<span class=\"_ _6\"></span>3 es la siguiente<span class=\"_ _6\"></span>: Miles de Euros 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"ls0_1\"> </span>Madera y biomasa 20.296 17.000 Otras materias primas 4.462 3.861 Repuestos de alta rotaci\u00f3n (*) 15.809 14.610 Derechos de emisi\u00f3n gases efecto invernadero        <span class=\"ls0_1\">8.429  </span>10.909 Cr\u00e9ditos compensaci\u00f3n de gases efecto invern<span class=\"_ _1\"></span>adero (Nota 23)<span class=\"_ _6\"></span>        <span class=\"ls0_1\">1.228  </span>- Productos terminados y en curso      <span class=\"ls0_1\">38.547  </span>20.034 Anticipos a proveedores 1.002 911<span class=\"ls0_1\"> </span>Proyectos en promoci\u00f3n        <span class=\"ls0_1\">7.112  </span>       <span class=\"ls0_1\">4.942  </span>Deterioros (Nota 19)      <span class=\"ls0_1\">(2.279) </span>        <span class=\"ls0_1\">(165) </span>94.606<span class=\"ls0_1\"> </span>72.102<span class=\"_ _33\"> </span>(*) <span class=\"_ _25\"> </span>Se presentan valores netos de deterioro por <span class=\"_ _6\"></span>importe de 14.264 <span class=\"ff6\">miles \u20ac</span> <span class=\"ls2e\">y </span>13.189 <span class=\"ff6\">miles \u20ac</span> al 31/<span class=\"ls9\">12</span>/<span class=\"ls9\">202</span>4 y <span class=\"ls2a\">al</span> <span class=\"ls9\">31/12/20</span>23, respectivamente. En <span class=\"_ _12\"> </span><span class=\"ls0_1\">el <span class=\"_ _12\"> </span>ejercicio <span class=\"_ _12\"> </span>2023, <span class=\"_ _1a\"> </span>Magnon  Gre<span class=\"_ _1\"></span>en <span class=\"_ _12\"> </span>Energy <span class=\"_ _1a\"> </span>S.L.  complet\u00f3 <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>enta <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>proyectos <span class=\"_ _12\"> </span>fotov<span class=\"_ _6\"></span>oltaicos <span class=\"_ _12\"> </span>en </span>construcci\u00f3n, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>localida<span class=\"_ _6\"></span>des d<span class=\"_ _6\"></span>e An<span class=\"_ _6\"></span>d\u00fajar <span class=\"_ _6\"></span>(Ja\u00e9n) <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>Huelva, <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span>a capacid<span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>conjunta <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>140 <span class=\"_ _6\"></span>MW,<span class=\"_ _15\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>un precio <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>38,1 mill<span class=\"_ _1\"></span>ones \u20ac. <span class=\"_ _1\"></span><span class=\"ff4\">En <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>rimer <span class=\"_ _1\"></span>semestre de <span class=\"_ _e\"></span>2024 se <span class=\"_ _e\"></span>ha perfeccionado <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>venta de <span class=\"_ _e\"></span>un terce<span class=\"_ _1\"></span>r </span>proyecto ubicado <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>Huelva <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>una <span class=\"_ _e\"></span>cap<span class=\"_ _6\"></span>acidad <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>10 <span class=\"_ _e\"></span>MW, <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>un <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>recio <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>2,2 m<span class=\"_ _1\"></span>illones \u20ac<span class=\"ff4\">. <span class=\"_ _1\"></span>El <span class=\"_ _e\"></span>sald<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>recogido </span>en <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>cuenta <span class=\"_ _1e\"> </span>\u201cProyectos <span class=\"_ _1e\"> </span>en <span class=\"_ _18\"> </span>promoci\u00f3n\u201d <span class=\"_ _18\"> </span>se <span class=\"_ _18\"> </span>corres<span class=\"_ _6\"></span>ponde <span class=\"_ _18\"> </span>con <span class=\"_ _18\"> </span>la <span class=\"_ _1e\"> </span>inversi\u00f3n <span class=\"_ _1e\"> </span>efectuada <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>2<span class=\"_ _15\"></span><span class=\"ff4\"> <span class=\"_ _18\"> </span>pro<span class=\"_ _6\"></span>yectos<span class=\"_ _33\"> </span></span>fotovoltaicos <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>na <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>otencia <span class=\"_ _6\"></span>conjunta<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span><span class=\"lse\">223</span> <span class=\"_ _6\"></span>MW <span class=\"_ _15\"></span>ubicados <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>Sevilla, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>Granada <span class=\"_ _15\"></span>(v\u00e9as<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Nota <span class=\"_ _15\"></span>1), <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>que se encuentran deteriorad<span class=\"_ _6\"></span>os en 2.279 miles \u20ac<span class=\"_ _6\"></span><span class=\"ff4\">. </span>No existe ninguna <span class=\"_ _6\"></span>limitaci\u00f3n en la d<span class=\"_ _6\"></span>isponibilidad d<span class=\"_ _6\"></span>e las existencias. <span class=\"_ _6\"></span> El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>suscrito <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>diciembre <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>contratos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>su<span class=\"_ _6\"></span>ministradores <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>adquisici\u00f3n, <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los pr\u00f3ximos <span class=\"_ _11\"></span>dos <span class=\"_ _11\"></span>a\u00f1os, <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>0,6 <span class=\"_ _11\"> </span>millones <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>toneladas<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>biomasa <span class=\"_ _11\"> </span>destinada <span class=\"_ _11\"> </span>a <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>plantas <span class=\"_ _11\"> </span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _11\"> </span>de energ\u00eda.  La pol\u00edtica <span class=\"_ _1\"></span>del Grupo <span class=\"_ _1\"></span>es formalizar p\u00f3lizas de <span class=\"_ _e\"></span>seguros<span class=\"_ _6\"></span> para <span class=\"_ _1\"></span>cubrir los posibles riesgos <span class=\"_ _1\"></span>a que <span class=\"_ _e\"></span>est\u00e1<span class=\"_ _6\"></span>n sujetas sus existencias, estim\u00e1ndos<span class=\"_ _6\"></span>e que la cobertura<span class=\"_ _6\"></span> de estos riesgos<span class=\"_ _6\"></span> a 31 de diciembre de 202<span class=\"_ _15\"></span>4 y 2023 es ad<span class=\"_ _6\"></span>ecuada.<span class=\"_ _33\"> </span>20.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Derechos de emis<span class=\"_ _1\"></span>i\u00f3n </span></span>Los <span class=\"_ _6\"></span>movimientos <span class=\"_ _6\"></span>hab<span class=\"_ _6\"></span>idos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>relaci\u00f3n <span class=\"_ _6\"></span>a<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>derechos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>emis<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>gases <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>efecto <span class=\"_ _6\"></span>inver<span class=\"_ _6\"></span>nadero <span class=\"_ _6\"></span>titularidad del Grupo duran<span class=\"_ _6\"></span>te los ejercicios 202<span class=\"_ _6\"></span>4 y 2023 han<span class=\"_ _6\"></span> sido los<span class=\"_ _6\"></span> siguientes: A\u00f1o 2024 A\u00f1o 2023 N\u00famero de Derechos Miles de Euros N\u00famero de Derechos Miles de Euros Saldo inicial 171.762 10.909 222.102 11.076 Asignaciones (Nota 23) 93.968 6.876 100.411 8.352 Devoluciones (*) (182.469) (11.750) (170.751) (10.292) Adquisici\u00f3n 36.000 2.394 20.000 1.773 Saldo final 119.261<span class=\"ls0_1\"> </span>8.429<span class=\"ls0_1\"> </span>171.762<span class=\"ls0_1\"> </span>10.909<span class=\"ls0_1\"> </span>(*) Corresponde con los derechos consumidos el<span class=\"_ _1\"></span> a\u00f1o anterior.<span class=\"_ _6\"></span> El 13 de julio <span class=\"_ _1\"></span>de 2021, el Consejo de Ministros aprob\u00f3 el Nuevo Plan de Asignaci\u00f3n gratuit<span class=\"_ _6\"></span>a de derechos de emisi\u00f3n de gases de efecto inv<span class=\"_ _6\"></span>ernadero para el period<span class=\"_ _6\"></span>o 2021-2025. En<span class=\"_ _6\"></span> el marco de dicho Plan,<span class=\"_ _6\"></span> el Grupo ha recibido <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>derechos <span class=\"_ _0\"></span>correspon<span class=\"_ _6\"></span>dientes <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>93.968 <span class=\"_ _10\"></span>to<span class=\"_ _6\"></span>neladas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>CO2 <span class=\"_ _10\"></span>valorad<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>en <span class=\"_ _11\"></span>6.<span class=\"lse\">876</span> <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac <span class=\"_ _0\"></span>(en </span>202<span class=\"ls0_1\">3 se recibieron dere<span class=\"_ _6\"></span>chos correspon<span class=\"_ _6\"></span>dientes a <span class=\"_ _6\"></span>100.411 to<span class=\"_ _6\"></span>neladas d<span class=\"_ _6\"></span>e CO2 valorados en <span class=\"_ _6\"></span>8.352 <span class=\"ff6\">miles \u20ac).<span class=\"_ _6\"></span></span> </span>El <span class=\"_ _15\"></span>ep\u00edgrafe <span class=\"_ _6\"></span>\u201cPro<span class=\"_ _6\"></span>visiones\u201d <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>pasivo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>corto <span class=\"_ _15\"></span>plazo <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>Estado <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Situaci\u00f3n <span class=\"_ _15\"></span>Finan<span class=\"_ _6\"></span>ciera <span class=\"_ _15\"></span>consolida<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _15\"></span>de diciembre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>2023 <span class=\"_ _10\"></span>recoge <span class=\"_ _15\"></span>12.4<span class=\"_ _6\"></span><span class=\"lse\">85</span> <span class=\"_ _15\"></span><span class=\"ff6\">mi<span class=\"_ _6\"></span>les <span class=\"_ _15\"></span>\u20ac <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span></span>12.441<span class=\"_ _6\"></span> <span class=\"_ _15\"></span><span class=\"ff6\">miles <span class=\"_ _10\"></span>\u20ac, <span class=\"_ _15\"></span>respectiv<span class=\"_ _6\"></span>amente, <span class=\"_ _10\"></span>correspond<span class=\"_ _6\"></span>ientes <span class=\"_ _15\"></span>al </span>pasivo <span class=\"_ _f\"> </span>derivado <span class=\"_ _23\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _23\"> </span>con<span class=\"_ _6\"></span>sumo <span class=\"_ _23\"> </span>en <span class=\"_ _f\"> </span>dichos <span class=\"_ _f\"> </span>ejercicios <span class=\"_ _23\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _23\"> </span>1<span class=\"_ _6\"></span>76.926 <span class=\"_ _f\"> </span>derechos<span class=\"_ _6\"></span> <span class=\"_ _23\"> </span>y <span class=\"_ _f\"> </span>189.671 <span class=\"_ _f\"> </span>derechos, respectivamente (v\u00e9as<span class=\"_ _6\"></span>e Nota 31).<span class=\"_ _33\"> </span>El Grupo <span class=\"_ _1\"></span>mantiene al <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciembre de 2024 contratos de <span class=\"_ _e\"></span>compra a plazo <span class=\"_ _1\"></span>de <span class=\"lse\">24</span>.000 derechos a <span class=\"_ _1\"></span>un precio medio de 68,<span class=\"ls36\">76</span> euros por tonelada. E<span class=\"_ _6\"></span>stos con<span class=\"_ _6\"></span>tratos previsiblemente se ejecutar\u00e1n en<span class=\"_ _6\"></span> 202<span class=\"_ _6\"></span>5<span class=\"lsf\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "21.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Patrimonio neto </span></span>21.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Capital soc<span class=\"_ _1\"></span>ial </span></span>El capita<span class=\"_ _6\"></span>l social <span class=\"_ _6\"></span>de E<span class=\"_ _6\"></span>NCE E<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _6\"></span>y Celulosa,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>S.A., <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>y 2023<span class=\"_ _6\"></span> est\u00e1<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>representado <span class=\"_ _6\"></span>por 246.272.500 <span class=\"_ _1e\"> </span>accion<span class=\"_ _6\"></span>es <span class=\"_ _17\"> </span>al <span class=\"_ _1e\"> </span>p<span class=\"_ _6\"></span>ortador <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>0,9 <span class=\"_ _17\"> </span>euros <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>valor <span class=\"_ _1e\"> </span>n<span class=\"_ _6\"></span>ominal <span class=\"_ _1e\"> </span>cad<span class=\"_ _6\"></span>a <span class=\"_ _1e\"> </span>un<span class=\"_ _6\"></span>a, <span class=\"_ _1e\"> </span>totalmente <span class=\"_ _1e\"> </span>su<span class=\"_ _6\"></span>scritas <span class=\"_ _1e\"> </span>y desembolsadas.  Al <span class=\"_ _11\"></span>estar <span class=\"_ _11\"> </span>representadas <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>acciones <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>ENCE <span class=\"_ _11\"></span>por <span class=\"_ _11\"> </span>anotaciones <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>cuenta, <span class=\"_ _11\"></span>no <span class=\"_ _11\"></span>se <span class=\"_ _11\"></span>conoce <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>exactitud <span class=\"_ _11\"></span>la<span class=\"_ _1\"></span> participaci\u00f3n <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>los <span class=\"_ _17\"> </span>accionistas <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _1e\"> </span>capital <span class=\"_ _1e\"> </span>social. <span class=\"_ _1e\"> </span>El <span class=\"_ _1e\"> </span>cuadro <span class=\"_ _1e\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>figura <span class=\"_ _1e\"> </span>a <span class=\"_ _17\"> </span>continuaci\u00f3n <span class=\"_ _1e\"> </span>recoge <span class=\"_ _1e\"> </span>las<span class=\"_ _33\"> </span>participaciones <span class=\"_ _6\"></span>significativas<span class=\"_ _6\"></span>, directas <span class=\"_ _6\"></span>e indirectas<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>capital <span class=\"_ _6\"></span>social d<span class=\"_ _6\"></span>e ENCE <span class=\"_ _6\"></span>a 3<span class=\"_ _6\"></span>1 d<span class=\"_ _6\"></span>e diciembre <span class=\"_ _6\"></span>de 2024 <span class=\"_ _6\"></span><span class=\"ls1c\">y </span>202<span class=\"ls0_1\">3, <span class=\"_ _17\"> </span>as\u00ed <span class=\"_ _1c\"> </span>como, <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>su <span class=\"_ _17\"> </span>caso, <span class=\"_ _1c\"> </span>los <span class=\"_ _17\"> </span>instrumentos <span class=\"_ _1c\"> </span>financieros <span class=\"_ _17\"> </span>comun<span class=\"_ _6\"></span>icados <span class=\"_ _1c\"> </span>por <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>titulares <span class=\"_ _1c\"> </span>de <span class=\"_ _17\"> </span>dichas </span>participaciones a <span class=\"_ _e\"></span>los registros <span class=\"_ _e\"></span>oficiales de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Comisi\u00f3n Nacional <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Mercado de <span class=\"_ _e\"></span>Valor<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>(en adelant<span class=\"_ _6\"></span>e, <span class=\"_ _e\"></span>CNMV)<span class=\"_ _6\"></span> o a la propia so<span class=\"_ _6\"></span>ciedad de acuerdo con<span class=\"_ _6\"></span> lo dispuesto en el Real Decreto 1<span class=\"_ _6\"></span>362/2007, de 19 d<span class=\"_ _6\"></span>e octubre:<span class=\"_ _33\"> </span>% Accionista 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"ls0_1\"> </span>D. Juan Luis Arregui / Retos Operativos XXI, S.L. 29,44 29,44 D. V\u00edctor Urrutia / As\u00faa Inversiones, S.L. 10,00 7,29 D. Jose Ignacio Comenge / La Fuente Salada S.L. 6,38 6,38 Atlas GP Global Holding LLC/ Prometheus IV LLC 4,89 - Millennium Group Management LLC 1,06 - Autocartera 1,46 1,57 Miembros del Consejo con participaci\u00f3n &lt; 3% 0,63 0,62 Free Float 46,14 54,70 Total 100,00 100,00 Las accion<span class=\"_ _6\"></span>es de la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _6\"></span>Dominante est\u00e1n<span class=\"_ _6\"></span> admitidas <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>negociaci\u00f3n oficial <span class=\"_ _6\"></span>en las<span class=\"_ _6\"></span> Bolsas <span class=\"_ _6\"></span>Espa\u00f1olas y <span class=\"_ _6\"></span>en el Mercado continuo, go<span class=\"_ _6\"></span>zando todas<span class=\"_ _6\"></span> ellas de iguales derechos<span class=\"_ _6\"></span> pol\u00edticos y econ<span class=\"_ _6\"></span>\u00f3micos.<span class=\"_ _33\"> </span>21.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Prima de emisi\u00f3n<span class=\"_ _e\"></span> </span></span>El <span class=\"_ _15\"></span>Texto <span class=\"_ _15\"></span>Refundid<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>Ley <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Sociedad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Capital <span class=\"_ _15\"></span>permite <span class=\"_ _15\"></span>exp<span class=\"_ _6\"></span>resamente <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>utilizac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>saldo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la prima <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>emisi\u00f3n <span class=\"_ _17\"> </span>para <span class=\"_ _17\"> </span>amp<span class=\"_ _6\"></span>liar <span class=\"_ _1e\"> </span>cap<span class=\"_ _6\"></span>ital <span class=\"_ _1e\"> </span>y <span class=\"_ _17\"> </span>no <span class=\"_ _17\"> </span>establece <span class=\"_ _17\"> </span>restricci\u00f3n <span class=\"_ _17\"> </span>espec\u00edfica <span class=\"_ _17\"> </span>algu<span class=\"_ _6\"></span>na <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>cuanto<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>a <span class=\"_ _17\"> </span>la disponibilidad<span class=\"_ _6\"></span> del mismo.  21.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Reservas </span></span>A <span class=\"_ _11\"></span>continuaci\u00f3n, <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>presenta <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>movimiento <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>reservas <span class=\"_ _11\"> </span>desglosado <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>categor\u00eda <span class=\"_ _11\"> </span>corresp<span class=\"_ _6\"></span>ondiente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>los ejercicios 2024 y 2023<span class=\"_ _6\"></span>: Reservas<span class=\"_ _1\"></span> de la Sociedad <span class=\"_ _1\"></span>Dominante Reservas<span class=\"_ _1\"></span> consoli<span class=\"_ _1\"></span>daci\u00f3n global Reservas<span class=\"_ _1\"></span> m\u00e9todo de partici<span class=\"_ _1\"></span>paci\u00f3n Total reservas Miles de<span class=\"_ _1\"></span> Euros Reserva Legal Reserva <span class=\"_ _1\"></span>por capital amortizado Reserva <span class=\"_ _1\"></span>de capitali<span class=\"_ _1\"></span>zaci\u00f3n Reservas<span class=\"_ _1\"></span> voluntar<span class=\"_ _1\"></span>ias Resultad<span class=\"_ _1\"></span>os negativos de<span class=\"_ _1\"></span> ejercicios anterio<span class=\"_ _1\"></span>res Saldos al 31 de di<span class=\"_ _1\"></span>ciembre de 202<span class=\"_ _1\"></span>2  45.049<span class=\"ls0_1\"> </span>10.566<span class=\"ls0_1\"> </span>19.701<span class=\"ls0_1\"> </span>155.533<span class=\"ls0_1\"> </span>(181.378) 44.553<span class=\"ls0_1\"> </span>(106)<span class=\"ls0_1\"> </span>93.918<span class=\"ls0_1\"> </span>Distribuci<span class=\"_ _1\"></span>\u00f3n del Resultado<span class=\"_ _1\"></span> del ejercicio a<span class=\"_ _1\"></span>nterior - - - - 21.494 18.564 - 40.058 Operacio<span class=\"_ _1\"></span>nes con Accio<span class=\"_ _1\"></span>nes Propias - - - 220<span class=\"ls0_1\"> </span>- - - 220<span class=\"ls0_1\"> </span>Cancelaci\u00f3<span class=\"_ _1\"></span>n bono converti<span class=\"_ _1\"></span>ble - - - 3.147 - - - 3.147 Minorit<span class=\"_ _1\"></span>arios y otros mov<span class=\"_ _1\"></span>imientos - - (18.928) (139.782) 159.884 (1.268) - (94) Saldos al 31 de di<span class=\"_ _1\"></span>ciembre de 202<span class=\"_ _1\"></span>3 45.049<span class=\"ls0_1\"> </span>10.566<span class=\"ls0_1\"> </span>773<span class=\"ls0_1\"> </span>19.118<span class=\"ls0_1\"> </span>- 61.849<span class=\"ls0_1\"> </span>(106)<span class=\"ls0_1\"> </span>137.249<span class=\"ls0_1\"> </span>Distribuci<span class=\"_ _1\"></span>\u00f3n del Resultado<span class=\"_ _1\"></span> del ejercicio a<span class=\"_ _1\"></span>nterior - - - - (34.455) 9.735 - (24.720) Operacio<span class=\"_ _1\"></span>nes con Accio<span class=\"_ _1\"></span>nes Propias - - - 169<span class=\"ls0_1\"> </span>- - - 169<span class=\"ls0_1\"> </span>Minorit<span class=\"_ _1\"></span>arios y otros mov<span class=\"_ _1\"></span>imientos - - - 197<span class=\"ls0_1\"> </span>- - - 197<span class=\"ls0_1\"> </span>Saldos al 31 de dici<span class=\"_ _1\"></span>embre de 202<span class=\"_ _1\"></span>4 45.049<span class=\"ls0_1\"> </span>10.566<span class=\"ls0_1\"> </span>773<span class=\"ls0_1\"> </span>19.484<span class=\"ls0_1\"> </span>(34.455) 71.584<span class=\"ls0_1\"> </span>(106)<span class=\"ls0_1\"> </span>112.895<span class=\"_ _33\"> </span>Reserva legal<span class=\"_ _6\"></span> De <span class=\"_ _1\"></span>acuerdo con e<span class=\"_ _1\"></span>l Te<span class=\"_ _1\"></span>xto Ref<span class=\"_ _1\"></span>und<span class=\"_ _6\"></span>ido de <span class=\"_ _e\"></span>la Ley <span class=\"_ _1\"></span>de Sociedades <span class=\"_ _e\"></span>de Capital, debe <span class=\"_ _e\"></span>des<span class=\"_ _6\"></span>tinarse a <span class=\"_ _e\"></span>la reserva <span class=\"_ _1\"></span>legal una<span class=\"_ _1\"></span> cifra <span class=\"_ _15\"></span>igual <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>10% <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>beneficio <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>ejercicio <span class=\"_ _10\"></span>hasta <span class=\"_ _0\"></span>que <span class=\"_ _15\"></span>\u00e9sta <span class=\"_ _15\"></span>alca<span class=\"_ _6\"></span>nce, <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>menos<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>20% <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>cap<span class=\"_ _6\"></span>ital <span class=\"_ _15\"></span>social. <span class=\"_ _10\"></span>La reserva legal de la Sociedad<span class=\"_ _6\"></span> Dominante por 45.049 <span class=\"_ _6\"></span>miles \u20ac, d<span class=\"_ _6\"></span>a cobertura al 20% de s<span class=\"_ _6\"></span>u capital s<span class=\"_ _6\"></span>ocial.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>La <span class=\"_ _10\"></span>reserva <span class=\"_ _0\"></span>legal <span class=\"_ _10\"></span>podr\u00e1 <span class=\"_ _10\"></span>utilizarse <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>au<span class=\"_ _6\"></span>mentar <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>capital <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>saldo <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>exceda <span class=\"_ _15\"></span>del <span class=\"_ _0\"></span>10% <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el capital <span class=\"_ _6\"></span>ya <span class=\"_ _15\"></span>aumentad<span class=\"_ _6\"></span>o. <span class=\"_ _6\"></span>Salvo <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>finalidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mencionad<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>anteriormente, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>mientras <span class=\"_ _15\"></span>no <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>upere <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>20<span class=\"_ _6\"></span>% <span class=\"_ _6\"></span>del<span class=\"_ _33\"> </span>capital <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ocial, <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>reserva <span class=\"_ _15\"></span>s\u00f3lo <span class=\"_ _15\"></span>podr\u00e1 <span class=\"_ _15\"></span>destinarse <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>compensaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>p\u00e9rd<span class=\"_ _6\"></span>idas, <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>siempre <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>existan otras reservas<span class=\"_ _6\"></span> disponibles suficientes para <span class=\"_ _6\"></span>este fin.<span class=\"_ _6\"></span> 21.4<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Reservas de uso <span class=\"_ _1\"></span>restringid<span class=\"_ _1\"></span>o </span></span>El <span class=\"_ _e\"></span>importe <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>las re<span class=\"_ _1\"></span>servas <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>sociedades <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>solidadas <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>uso <span class=\"_ _e\"></span>restringido<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>asciende a <span class=\"_ _0\"></span>21.<span class=\"lse\">077</span> <span class=\"_ _11\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac</span> <span class=\"_ _0\"></span><span class=\"ff6\">(21.143 <span class=\"_ _11\"></span>miles <span class=\"_ _0\"></span>\u20ac <span class=\"_ _0\"></span>al <span class=\"_ _11\"> </span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>2023),</span> <span class=\"_ _11\"> </span>y <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>corresponde, <span class=\"_ _0\"></span>principalmente, <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>la reserva legal de las dis<span class=\"_ _6\"></span>tintas sociedades d<span class=\"_ _6\"></span>el Grupo.<span class=\"_ _33\"> </span>21.5<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Acciones de la<span class=\"_ _1\"></span> Sociedad D<span class=\"_ _1\"></span>ominante </span></span>El <span class=\"_ _11\"> </span>movimiento <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _11\"> </span>\u201cAccion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>propias<span class=\"_ _6\"></span>\u201d <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>Situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _11\"> </span>Financiera <span class=\"_ _12\"> </span>Consolidado <span class=\"_ _12\"> </span>adjunto durante los ejercicios 202<span class=\"_ _6\"></span>4 y 2023 ha <span class=\"_ _6\"></span>sido el siguiente:<span class=\"_ _6\"></span> 31/12/202<span class=\"ls0_1\">4 </span>31/12/202<span class=\"ls0_1\">3 </span>N\u00famero de acciones Miles de euros N\u00famero de acciones Miles de euros Al inicio del ejercicio 3.871.111  12.980  3.843.111  12.958  Compras 8.960.221 27.661 15.866.484  50.498  ILP 2019-2025 (Nota 11.2) (71.679) (245) - - Ventas (9.154.221) (28.191) (15.838.484) (50.476) Al cierre del ejercicio 3.605.432<span class=\"ls0_1\"> </span>12.205<span class=\"ls0_1\"> </span>3.871.111<span class=\"ls0_1\"> </span>12.980<span class=\"ls0_1\"> </span>Las <span class=\"_ _15\"></span>accion<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>Sociedad <span class=\"_ _10\"></span>Dominante <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>su <span class=\"_ _10\"></span>poder <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>diciembre <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>2<span class=\"_ _6\"></span>024 <span class=\"_ _15\"></span>r<span class=\"_ _6\"></span>epresentan <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>1,46% <span class=\"_ _15\"></span>del capital <span class=\"_ _6\"></span>social <span class=\"_ _6\"></span>(1,57<span class=\"_ _6\"></span>% <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>2023<span class=\"_ _6\"></span>) <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>valor<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>nominal <span class=\"_ _6\"></span>global <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>3.245 <span class=\"_ _15\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>(3.4</span><span class=\"ls36\">84</span> <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac </span>al 31 de diciembre d<span class=\"_ _6\"></span>e 2023). <span class=\"_ _6\"></span>El precio medio d<span class=\"_ _6\"></span>e adquis<span class=\"_ _6\"></span>ici\u00f3n de dichas<span class=\"_ _6\"></span> acciones es de 3,35 euros<span class=\"_ _6\"></span> por acci\u00f3n. Las <span class=\"_ _10\"></span>acciones<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>Sociedad <span class=\"_ _0\"></span>Dominante <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>poder <span class=\"_ _0\"></span>tienen <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>objeto <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>negociaci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>mercado<span class=\"_ _15\"></span>, <span class=\"_ _0\"></span>as\u00ed como dar respuesta<span class=\"_ _6\"></span> a los \u201cPlan de Retribu<span class=\"_ _6\"></span>ci\u00f3n a Largo Plaz<span class=\"_ _6\"></span>o\u201d sus<span class=\"_ _6\"></span>critos por ENCE (v\u00e9ase Nota<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"ff4\">11.2).<span class=\"_ _33\"> </span></span>ENCE <span class=\"_ _11\"></span>mantiene <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _11\"></span>contrato <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>liquidez <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>un <span class=\"_ _0\"></span>inter<span class=\"_ _6\"></span>mediario <span class=\"_ _11\"> </span>financiero <span class=\"_ _11\"> </span>con <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>bjetivo <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>favo<span class=\"_ _6\"></span>recer <span class=\"_ _11\"></span>la liquidez y <span class=\"_ _e\"></span>regularidad en <span class=\"_ _e\"></span>la cotizaci\u00f3n <span class=\"_ _e\"></span>de las <span class=\"_ _e\"></span>acciones de <span class=\"_ _e\"></span>ENCE, dentro <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>l\u00edmites <span class=\"_ _1\"></span>establecidos por <span class=\"_ _e\"></span>la Junta<span class=\"_ _1\"></span> General de Accion<span class=\"_ _6\"></span>istas y p<span class=\"_ _6\"></span>or la normativa vigente, en p<span class=\"_ _6\"></span>articular, la<span class=\"_ _6\"></span> Circular 2/2019, de 27 <span class=\"_ _6\"></span>de noviembre, de<span class=\"_ _6\"></span> la Comisi\u00f3n Nacional <span class=\"_ _6\"></span>del Mercado d<span class=\"_ _6\"></span>e Valores, sobre con<span class=\"_ _6\"></span>tratos de liquidez<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>21.6<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Ajustes en patr<span class=\"_ _1\"></span>imonio por valo<span class=\"_ _1\"></span>raci\u00f3n </span></span>La <span class=\"_ _11\"> </span>composici\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>ep\u00ed<span class=\"_ _6\"></span>grafe <span class=\"_ _12\"> </span>\u201cAjustes <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>pat<span class=\"_ _6\"></span>rimonio <span class=\"_ _11\"> </span>por  valoraci\u00f3n\u201d <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>Situaci\u00f3n <span class=\"_ _12\"> </span>Financiera consolidado a<span class=\"_ _6\"></span>l cierre de los ejercicios 202<span class=\"_ _6\"></span>4 y 2023 es la s<span class=\"_ _6\"></span>iguiente<span class=\"ls24\">:<span class=\"_ _33\"> </span></span>31/<span class=\"ls9\">12</span>/2024 31/12/2023 Miles de Euros  Valor razonable Efecto impositivo Ajuste en patrimonio Valor razonable Efecto impositivo Ajuste en patrimonio Revalorizaci\u00f3n de terrenos (Nota 16)       <span class=\"ls0_1\">54.102   </span>       <span class=\"ls0_1\">13.510   </span>        <span class=\"ls0_1\">40.592   </span>      <span class=\"ls0_1\">54.102   </span>       <span class=\"ls0_1\">13.510   </span>        <span class=\"ls0_1\">40.592   </span>Operaciones de cobertura (Nota 30) IRSwap     <span class=\"ls0_1\">(4.180)    </span>     <span class=\"ls0_1\">(1.045)    </span>      <span class=\"ls0_1\">(3.135)    </span>       <span class=\"ls0_1\">(846)    </span>        <span class=\"ls0_1\">(212)    </span>         <span class=\"ls0_1\">(634)    </span>Compra de energ\u00eda        <span class=\"ls0_1\">(634)    </span>        <span class=\"ls0_1\">(159)    </span>         <span class=\"ls0_1\">(475)    </span>- - - Tipo de cambio     <span class=\"ls0_1\">(6.081)    </span>     <span class=\"ls0_1\">(1.520)    </span>      <span class=\"ls0_1\">(4.561)    </span>  <span class=\"ls0_1\">1.057    </span>  <span class=\"ls9\">264   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">793   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">43.207   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">10.786   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">32.421   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">54.313   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">13.562   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">40.751<span class=\"_ _33\"> </span></span>21.7<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Otros instrumen<span class=\"_ _1\"></span>tos de pat<span class=\"_ _1\"></span>rimonio neto </span></span>El <span class=\"_ _0\"></span>movimiento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ep\u00ed<span class=\"_ _6\"></span>grafe <span class=\"_ _0\"></span>\u201cOtros <span class=\"_ _0\"></span>in<span class=\"_ _6\"></span>strumentos <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>patrimonio <span class=\"_ _0\"></span>neto\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _0\"></span>Financiera<span class=\"_ _6\"></span> consolidado d<span class=\"_ _6\"></span>urante los <span class=\"_ _6\"></span>ejercicios 2024 y 2023 es el sigui<span class=\"_ _6\"></span>ente: Miles de euros Saldo al 01/01/2024<span class=\"ls0_1\"> </span>Liquidaci\u00f3n Dotaci\u00f3n Efecto impositivo Saldo 31/12/2024<span class=\"ls0_1\"> </span>Plan de Incentivos a Largo Plazo (Nota <span class=\"ls9\">11</span>.2) 1.328           <span class=\"ls0_1\">(424)    </span>              <span class=\"ls0_1\">2.045  </span>        <span class=\"ls0_1\">(511)    </span>2.438  1.328<span class=\"ls0_1\"> </span>(424) 2.045 <span class=\"ls0_1\"> </span>(511) 2.438 <span class=\"ls0_1\"> </span>Miles de euros Saldo al 01/01/2023<span class=\"ls0_1\"> </span>Recompra bono Dotaci\u00f3n Efecto impositivo Saldo 31/12/2023<span class=\"ls0_1\"> </span>Bono convertible 3.147 (3.147) - - - Plan de Incentivos a Largo Plazo (Nota 11.2) 606<span class=\"ls0_1\"> </span>- 961<span class=\"ls0_1\"> </span>(239) 1.328 3.753<span class=\"ls0_1\"> </span>(3.147) 961<span class=\"ls0_1\"> </span>(239) 1.328<span class=\"ls0_1\"> </span>21.8<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Intereses mino<span class=\"_ _1\"></span>ritarios </span></span>El movimiento de e<span class=\"_ _1\"></span>ste ep\u00edgrafe del Estado de Situaci\u00f3n Fina<span class=\"_ _1\"></span>nciera Consolidado en los ejercicios <span class=\"_ _1\"></span>202<span class=\"_ _6\"></span>4 y 2023 es el siguiente: Miles de Euros A\u00f1o 2024<span class=\"ff4\"> </span>Sociedad Saldo al 01/01/2024<span class=\"ls0_1\"> </span>Resultado atribuido a minoritarios Reparto dividendos Variaci\u00f3n del per\u00edmetro (Nota 6) Otros movimientos Saldo al 31/12/2024<span class=\"ls0_1\"> </span>Energ\u00eda de la Loma, S.A. 3.350 1.390 - - - 4.740 Energ\u00edas de la Mancha Eneman, S.A. 600<span class=\"ls0_1\"> </span>(1.096) - - - (496) Bioenerg\u00eda Santamar\u00eda, S.A. 3.889 1 (225) - - 3.665 MAGNON 107.441 (11.416) (4.900) - (2.256) 88.869 BioCH4 Developments, S.L. 247<span class=\"ls0_1\"> </span>(310) - - - (63) Biometag\u00e1s La Galera, S.L. - - - 336<span class=\"ls0_1\"> </span>- 336<span class=\"ls0_1\"> </span>Total 115.527<span class=\"ls0_1\"> </span>(11.431) (5.125) 336<span class=\"ls0_1\"> </span>(2.256) 97.051<span class=\"_ _33\"> </span>Miles de Euros A\u00f1o 2023<span class=\"ff4\"> </span>Sociedad Saldo al 01/01/202<span class=\"ls0_1\">3 </span>Resultado atribuido a minoritarios Reparto dividendos Otros movimientos Saldo al 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3 Energ\u00eda de la Loma, S.A. 5.568 (259) (1.959) - 3.350 Energ\u00edas de la Mancha Eneman, S.A. 5.490 (2.798) (2.092) - 600<span class=\"ls0_1\"> </span>Bioenerg\u00eda Santamar\u00eda, S.A. (2.729) 6.618 - - 3.889 MAGNON 108.507 242<span class=\"ls0_1\"> </span>- (1.308) 107.441 BioCH4 Developments, S.L. 400<span class=\"ls0_1\"> </span>(153) - - 247<span class=\"ls0_1\"> </span>Total 117.236<span class=\"ls0_1\"> </span>3.650<span class=\"ls0_1\"> </span>(4.051) (1.308) 115.527<span class=\"ls0_1\"> </span>La <span class=\"_ _10\"></span>columna <span class=\"_ _10\"></span>\u201cOtros <span class=\"_ _10\"></span>movimiento<span class=\"_ _6\"></span>s\u201d <span class=\"_ _10\"></span>recoge, <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>rincipalmente, <span class=\"_ _0\"></span>el <span class=\"_ _15\"></span>impacto <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>tereses <span class=\"_ _10\"></span>minoritarios <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los \u201cAjustes en p<span class=\"_ _6\"></span>atrimonio por valoraci\u00f3n\u201d<span class=\"_ _6\"></span> (v\u00e9ase Nota 21.6).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "21.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Capital soc<span class=\"_ _1\"></span>ial </span></span>El capita<span class=\"_ _6\"></span>l social <span class=\"_ _6\"></span>de E<span class=\"_ _6\"></span>NCE E<span class=\"_ _6\"></span>nerg\u00eda <span class=\"_ _6\"></span>y Celulosa,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>S.A., <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>y 2023<span class=\"_ _6\"></span> est\u00e1<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>representado <span class=\"_ _6\"></span>por 246.272.500 <span class=\"_ _1e\"> </span>accion<span class=\"_ _6\"></span>es <span class=\"_ _17\"> </span>al <span class=\"_ _1e\"> </span>p<span class=\"_ _6\"></span>ortador <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>0,9 <span class=\"_ _17\"> </span>euros <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>valor <span class=\"_ _1e\"> </span>n<span class=\"_ _6\"></span>ominal <span class=\"_ _1e\"> </span>cad<span class=\"_ _6\"></span>a <span class=\"_ _1e\"> </span>un<span class=\"_ _6\"></span>a, <span class=\"_ _1e\"> </span>totalmente <span class=\"_ _1e\"> </span>su<span class=\"_ _6\"></span>scritas <span class=\"_ _1e\"> </span>y desembolsadas.  Al <span class=\"_ _11\"></span>estar <span class=\"_ _11\"> </span>representadas <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>acciones <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>ENCE <span class=\"_ _11\"></span>por <span class=\"_ _11\"> </span>anotaciones <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>cuenta, <span class=\"_ _11\"></span>no <span class=\"_ _11\"></span>se <span class=\"_ _11\"></span>conoce <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>exactitud <span class=\"_ _11\"></span>la<span class=\"_ _1\"></span> participaci\u00f3n <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>los <span class=\"_ _17\"> </span>accionistas <span class=\"_ _1e\"> </span>en <span class=\"_ _1e\"> </span>el <span class=\"_ _1e\"> </span>capital <span class=\"_ _1e\"> </span>social. <span class=\"_ _1e\"> </span>El <span class=\"_ _1e\"> </span>cuadro <span class=\"_ _1e\"> </span>qu<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>figura <span class=\"_ _1e\"> </span>a <span class=\"_ _17\"> </span>continuaci\u00f3n <span class=\"_ _1e\"> </span>recoge <span class=\"_ _1e\"> </span>las<span class=\"_ _33\"> </span>participaciones <span class=\"_ _6\"></span>significativas<span class=\"_ _6\"></span>, directas <span class=\"_ _6\"></span>e indirectas<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>capital <span class=\"_ _6\"></span>social d<span class=\"_ _6\"></span>e ENCE <span class=\"_ _6\"></span>a 3<span class=\"_ _6\"></span>1 d<span class=\"_ _6\"></span>e diciembre <span class=\"_ _6\"></span>de 2024 <span class=\"_ _6\"></span><span class=\"ls1c\">y </span>202<span class=\"ls0_1\">3, <span class=\"_ _17\"> </span>as\u00ed <span class=\"_ _1c\"> </span>como, <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>su <span class=\"_ _17\"> </span>caso, <span class=\"_ _1c\"> </span>los <span class=\"_ _17\"> </span>instrumentos <span class=\"_ _1c\"> </span>financieros <span class=\"_ _17\"> </span>comun<span class=\"_ _6\"></span>icados <span class=\"_ _1c\"> </span>por <span class=\"_ _17\"> </span>los <span class=\"_ _17\"> </span>titulares <span class=\"_ _1c\"> </span>de <span class=\"_ _17\"> </span>dichas </span>participaciones a <span class=\"_ _e\"></span>los registros <span class=\"_ _e\"></span>oficiales de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Comisi\u00f3n Nacional <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _e\"></span>Mercado de <span class=\"_ _e\"></span>Valor<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>(en adelant<span class=\"_ _6\"></span>e, <span class=\"_ _e\"></span>CNMV)<span class=\"_ _6\"></span> o a la propia so<span class=\"_ _6\"></span>ciedad de acuerdo con<span class=\"_ _6\"></span> lo dispuesto en el Real Decreto 1<span class=\"_ _6\"></span>362/2007, de 19 d<span class=\"_ _6\"></span>e octubre:<span class=\"_ _33\"> </span>% Accionista 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"ls0_1\"> </span>D. Juan Luis Arregui / Retos Operativos XXI, S.L. 29,44 29,44 D. V\u00edctor Urrutia / As\u00faa Inversiones, S.L. 10,00 7,29 D. Jose Ignacio Comenge / La Fuente Salada S.L. 6,38 6,38 Atlas GP Global Holding LLC/ Prometheus IV LLC 4,89 - Millennium Group Management LLC 1,06 - Autocartera 1,46 1,57 Miembros del Consejo con participaci\u00f3n &lt; 3% 0,63 0,62 Free Float 46,14 54,70 Total 100,00 100,00 Las accion<span class=\"_ _6\"></span>es de la <span class=\"_ _6\"></span>Sociedad <span class=\"_ _6\"></span>Dominante est\u00e1n<span class=\"_ _6\"></span> admitidas <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>negociaci\u00f3n oficial <span class=\"_ _6\"></span>en las<span class=\"_ _6\"></span> Bolsas <span class=\"_ _6\"></span>Espa\u00f1olas y <span class=\"_ _6\"></span>en el Mercado continuo, go<span class=\"_ _6\"></span>zando todas<span class=\"_ _6\"></span> ellas de iguales derechos<span class=\"_ _6\"></span> pol\u00edticos y econ<span class=\"_ _6\"></span>\u00f3micos.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "21.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Prima de emisi\u00f3n<span class=\"_ _e\"></span> </span></span>El <span class=\"_ _15\"></span>Texto <span class=\"_ _15\"></span>Refundid<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>Ley <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Sociedad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>Capital <span class=\"_ _15\"></span>permite <span class=\"_ _15\"></span>exp<span class=\"_ _6\"></span>resamente <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>utilizac<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>saldo <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la prima <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>emisi\u00f3n <span class=\"_ _17\"> </span>para <span class=\"_ _17\"> </span>amp<span class=\"_ _6\"></span>liar <span class=\"_ _1e\"> </span>cap<span class=\"_ _6\"></span>ital <span class=\"_ _1e\"> </span>y <span class=\"_ _17\"> </span>no <span class=\"_ _17\"> </span>establece <span class=\"_ _17\"> </span>restricci\u00f3n <span class=\"_ _17\"> </span>espec\u00edfica <span class=\"_ _17\"> </span>algu<span class=\"_ _6\"></span>na <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>cuanto<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>a <span class=\"_ _17\"> </span>la disponibilidad<span class=\"_ _6\"></span> del mismo.  21.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Reservas </span></span>A <span class=\"_ _11\"></span>continuaci\u00f3n, <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>presenta <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>movimiento <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>reservas <span class=\"_ _11\"> </span>desglosado <span class=\"_ _11\"> </span>por <span class=\"_ _11\"> </span>categor\u00eda <span class=\"_ _11\"> </span>corresp<span class=\"_ _6\"></span>ondiente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>los ejercicios 2024 y 2023<span class=\"_ _6\"></span>: Reservas<span class=\"_ _1\"></span> de la Sociedad <span class=\"_ _1\"></span>Dominante Reservas<span class=\"_ _1\"></span> consoli<span class=\"_ _1\"></span>daci\u00f3n global Reservas<span class=\"_ _1\"></span> m\u00e9todo de partici<span class=\"_ _1\"></span>paci\u00f3n Total reservas Miles de<span class=\"_ _1\"></span> Euros Reserva Legal Reserva <span class=\"_ _1\"></span>por capital amortizado Reserva <span class=\"_ _1\"></span>de capitali<span class=\"_ _1\"></span>zaci\u00f3n Reservas<span class=\"_ _1\"></span> voluntar<span class=\"_ _1\"></span>ias Resultad<span class=\"_ _1\"></span>os negativos de<span class=\"_ _1\"></span> ejercicios anterio<span class=\"_ _1\"></span>res Saldos al 31 de di<span class=\"_ _1\"></span>ciembre de 202<span class=\"_ _1\"></span>2  45.049<span class=\"ls0_1\"> </span>10.566<span class=\"ls0_1\"> </span>19.701<span class=\"ls0_1\"> </span>155.533<span class=\"ls0_1\"> </span>(181.378) 44.553<span class=\"ls0_1\"> </span>(106)<span class=\"ls0_1\"> </span>93.918<span class=\"ls0_1\"> </span>Distribuci<span class=\"_ _1\"></span>\u00f3n del Resultado<span class=\"_ _1\"></span> del ejercicio a<span class=\"_ _1\"></span>nterior - - - - 21.494 18.564 - 40.058 Operacio<span class=\"_ _1\"></span>nes con Accio<span class=\"_ _1\"></span>nes Propias - - - 220<span class=\"ls0_1\"> </span>- - - 220<span class=\"ls0_1\"> </span>Cancelaci\u00f3<span class=\"_ _1\"></span>n bono converti<span class=\"_ _1\"></span>ble - - - 3.147 - - - 3.147 Minorit<span class=\"_ _1\"></span>arios y otros mov<span class=\"_ _1\"></span>imientos - - (18.928) (139.782) 159.884 (1.268) - (94) Saldos al 31 de di<span class=\"_ _1\"></span>ciembre de 202<span class=\"_ _1\"></span>3 45.049<span class=\"ls0_1\"> </span>10.566<span class=\"ls0_1\"> </span>773<span class=\"ls0_1\"> </span>19.118<span class=\"ls0_1\"> </span>- 61.849<span class=\"ls0_1\"> </span>(106)<span class=\"ls0_1\"> </span>137.249<span class=\"ls0_1\"> </span>Distribuci<span class=\"_ _1\"></span>\u00f3n del Resultado<span class=\"_ _1\"></span> del ejercicio a<span class=\"_ _1\"></span>nterior - - - - (34.455) 9.735 - (24.720) Operacio<span class=\"_ _1\"></span>nes con Accio<span class=\"_ _1\"></span>nes Propias - - - 169<span class=\"ls0_1\"> </span>- - - 169<span class=\"ls0_1\"> </span>Minorit<span class=\"_ _1\"></span>arios y otros mov<span class=\"_ _1\"></span>imientos - - - 197<span class=\"ls0_1\"> </span>- - - 197<span class=\"ls0_1\"> </span>Saldos al 31 de dici<span class=\"_ _1\"></span>embre de 202<span class=\"_ _1\"></span>4 45.049<span class=\"ls0_1\"> </span>10.566<span class=\"ls0_1\"> </span>773<span class=\"ls0_1\"> </span>19.484<span class=\"ls0_1\"> </span>(34.455) 71.584<span class=\"ls0_1\"> </span>(106)<span class=\"ls0_1\"> </span>112.895<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gs34f\"><div class=\"t_1 m0_1 x3f h9 y973 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h9 y974 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reserva legal<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y975 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">De <span class=\"_ _1\"></span>acuerdo con e<span class=\"_ _1\"></span>l Te<span class=\"_ _1\"></span>xto Ref<span class=\"_ _1\"></span>und<span class=\"_ _6\"></span>ido de <span class=\"_ _e\"></span>la Ley <span class=\"_ _1\"></span>de Sociedades <span class=\"_ _e\"></span>de Capital, debe <span class=\"_ _e\"></span>des<span class=\"_ _6\"></span>tinarse a <span class=\"_ _e\"></span>la reserva <span class=\"_ _1\"></span>legal una<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x71 h8 y2ea ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cifra <span class=\"_ _15\"></span>igual <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>10% <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>beneficio <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>ejercicio <span class=\"_ _10\"></span>hasta <span class=\"_ _0\"></span>que <span class=\"_ _15\"></span>\u00e9sta <span class=\"_ _15\"></span>alca<span class=\"_ _6\"></span>nce, <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>menos<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>20% <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>cap<span class=\"_ _6\"></span>ital <span class=\"_ _15\"></span>social. <span class=\"_ _10\"></span>La </div><div class=\"t_1 m0_1 x71 h8 y976 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reserva legal de la Sociedad<span class=\"_ _6\"></span> Dominante por 45.049 <span class=\"_ _6\"></span>miles \u20ac, d<span class=\"_ _6\"></span>a cobertura al 20% de s<span class=\"_ _6\"></span>u capital s<span class=\"_ _6\"></span>ocial.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x71 h8 y977 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _10\"></span>reserva <span class=\"_ _0\"></span>legal <span class=\"_ _10\"></span>podr\u00e1 <span class=\"_ _10\"></span>utilizarse <span class=\"_ _10\"></span>para <span class=\"_ _10\"></span>au<span class=\"_ _6\"></span>mentar <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>capital <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _10\"></span>saldo <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>exceda <span class=\"_ _15\"></span>del <span class=\"_ _0\"></span>10% <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el </div><div class=\"t_1 m0_1 x71 h8 y978 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">capital <span class=\"_ _6\"></span>ya <span class=\"_ _15\"></span>aumentad<span class=\"_ _6\"></span>o. <span class=\"_ _6\"></span>Salvo <span class=\"_ _15\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>finalidad<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>mencionad<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>anteriormente, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>mientras <span class=\"_ _15\"></span>no <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>upere <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>20<span class=\"_ _6\"></span>% <span class=\"_ _6\"></span>del<span class=\"_ _33\"> </span> </div></div>capital <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ocial, <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>reserva <span class=\"_ _15\"></span>s\u00f3lo <span class=\"_ _15\"></span>podr\u00e1 <span class=\"_ _15\"></span>destinarse <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>compensaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>p\u00e9rd<span class=\"_ _6\"></span>idas, <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>siempre <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>existan otras reservas<span class=\"_ _6\"></span> disponibles suficientes para <span class=\"_ _6\"></span>este fin.<span class=\"_ _6\"></span> 21.4<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Reservas de uso <span class=\"_ _1\"></span>restringid<span class=\"_ _1\"></span>o </span></span>El <span class=\"_ _e\"></span>importe <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>las re<span class=\"_ _1\"></span>servas <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>sociedades <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>solidadas <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>uso <span class=\"_ _e\"></span>restringido<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>asciende a <span class=\"_ _0\"></span>21.<span class=\"lse\">077</span> <span class=\"_ _11\"></span><span class=\"ff6\">miles <span class=\"_ _0\"></span>\u20ac</span> <span class=\"_ _0\"></span><span class=\"ff6\">(21.143 <span class=\"_ _11\"></span>miles <span class=\"_ _0\"></span>\u20ac <span class=\"_ _0\"></span>al <span class=\"_ _11\"> </span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>2023),</span> <span class=\"_ _11\"> </span>y <span class=\"_ _0\"></span>se <span class=\"_ _11\"></span>corresponde, <span class=\"_ _0\"></span>principalmente, <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>la reserva legal de las dis<span class=\"_ _6\"></span>tintas sociedades d<span class=\"_ _6\"></span>el Grupo.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "21.5<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Acciones de la<span class=\"_ _1\"></span> Sociedad D<span class=\"_ _1\"></span>ominante </span></span>El <span class=\"_ _11\"> </span>movimiento <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _11\"> </span>\u201cAccion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>propias<span class=\"_ _6\"></span>\u201d <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>Situaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _11\"> </span>Financiera <span class=\"_ _12\"> </span>Consolidado <span class=\"_ _12\"> </span>adjunto durante los ejercicios 202<span class=\"_ _6\"></span>4 y 2023 ha <span class=\"_ _6\"></span>sido el siguiente:<span class=\"_ _6\"></span> 31/12/202<span class=\"ls0_1\">4 </span>31/12/202<span class=\"ls0_1\">3 </span>N\u00famero de acciones Miles de euros N\u00famero de acciones Miles de euros Al inicio del ejercicio 3.871.111  12.980  3.843.111  12.958  Compras 8.960.221 27.661 15.866.484  50.498  ILP 2019-2025 (Nota 11.2) (71.679) (245) - - Ventas (9.154.221) (28.191) (15.838.484) (50.476) Al cierre del ejercicio 3.605.432<span class=\"ls0_1\"> </span>12.205<span class=\"ls0_1\"> </span>3.871.111<span class=\"ls0_1\"> </span>12.980<span class=\"ls0_1\"> </span>Las <span class=\"_ _15\"></span>accion<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>Sociedad <span class=\"_ _10\"></span>Dominante <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>su <span class=\"_ _10\"></span>poder <span class=\"_ _10\"></span>al <span class=\"_ _15\"></span>31 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>diciembre <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>2<span class=\"_ _6\"></span>024 <span class=\"_ _15\"></span>r<span class=\"_ _6\"></span>epresentan <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>1,46% <span class=\"_ _15\"></span>del capital <span class=\"_ _6\"></span>social <span class=\"_ _6\"></span>(1,57<span class=\"_ _6\"></span>% <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>diciembre <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>2023<span class=\"_ _6\"></span>) <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>valor<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>nominal <span class=\"_ _6\"></span>global <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>3.245 <span class=\"_ _15\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>(3.4</span><span class=\"ls36\">84</span> <span class=\"_ _6\"></span><span class=\"ff6\">miles <span class=\"_ _6\"></span>\u20ac </span>al 31 de diciembre d<span class=\"_ _6\"></span>e 2023). <span class=\"_ _6\"></span>El precio medio d<span class=\"_ _6\"></span>e adquis<span class=\"_ _6\"></span>ici\u00f3n de dichas<span class=\"_ _6\"></span> acciones es de 3,35 euros<span class=\"_ _6\"></span> por acci\u00f3n. Las <span class=\"_ _10\"></span>acciones<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>Sociedad <span class=\"_ _0\"></span>Dominante <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>poder <span class=\"_ _0\"></span>tienen <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>objeto <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>negociaci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _0\"></span>mercado<span class=\"_ _15\"></span>, <span class=\"_ _0\"></span>as\u00ed como dar respuesta<span class=\"_ _6\"></span> a los \u201cPlan de Retribu<span class=\"_ _6\"></span>ci\u00f3n a Largo Plaz<span class=\"_ _6\"></span>o\u201d sus<span class=\"_ _6\"></span>critos por ENCE (v\u00e9ase Nota<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"ff4\">11.2).<span class=\"_ _33\"> </span></span>ENCE <span class=\"_ _11\"></span>mantiene <span class=\"_ _0\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _11\"></span>contrato <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>liquidez <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>un <span class=\"_ _0\"></span>inter<span class=\"_ _6\"></span>mediario <span class=\"_ _11\"> </span>financiero <span class=\"_ _11\"> </span>con <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>bjetivo <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>favo<span class=\"_ _6\"></span>recer <span class=\"_ _11\"></span>la liquidez y <span class=\"_ _e\"></span>regularidad en <span class=\"_ _e\"></span>la cotizaci\u00f3n <span class=\"_ _e\"></span>de las <span class=\"_ _e\"></span>acciones de <span class=\"_ _e\"></span>ENCE, dentro <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>l\u00edmites <span class=\"_ _1\"></span>establecidos por <span class=\"_ _e\"></span>la Junta<span class=\"_ _1\"></span> General de Accion<span class=\"_ _6\"></span>istas y p<span class=\"_ _6\"></span>or la normativa vigente, en p<span class=\"_ _6\"></span>articular, la<span class=\"_ _6\"></span> Circular 2/2019, de 27 <span class=\"_ _6\"></span>de noviembre, de<span class=\"_ _6\"></span> la Comisi\u00f3n Nacional <span class=\"_ _6\"></span>del Mercado d<span class=\"_ _6\"></span>e Valores, sobre con<span class=\"_ _6\"></span>tratos de liquidez<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "<div class=\"c_1 w2_1 h3b gs351\"><div class=\"t_1 m0_1 x71 h8 y99e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h46 y99f ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">21.8<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Intereses mino<span class=\"_ _1\"></span>ritarios </span></span></div><div class=\"t_1 m0_1 x71 h8 y9a0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El movimiento de e<span class=\"_ _1\"></span>ste ep\u00edgrafe del Estado de Situaci\u00f3n Fina<span class=\"_ _1\"></span>nciera Consolidado en los ejercicios <span class=\"_ _1\"></span>202<span class=\"_ _6\"></span>4 y 2023 </div><div class=\"t_1 m0_1 x71 h8 y9a1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">es el siguiente: </div></div><div class=\"c_1 w165 ha9 gs352\"><div class=\"t_1 m0_1 x134 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"c_1 w164 h5f gs353\"><div class=\"t_1 m0_1 x40 h54 y4ef ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2024<span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x3f h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x9f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Sociedad </div></div><div class=\"c_1 w166 h5f gs354\"><div class=\"t_1 m0_1 x8c h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x5a h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">01/01/2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w167 h5f gs355\"><div class=\"t_1 m0_1 x32 h1f y4ef ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado </div><div class=\"t_1 m0_1 x11 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">atribuido a </div><div class=\"t_1 m0_1 x44 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">minoritarios </div></div><div class=\"c_1 w168 h5f gs356\"><div class=\"t_1 m0_1 x41 h1f y4ef ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x87 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Reparto </div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">dividendos </div></div><div class=\"c_1 w169 h5f gs357\"><div class=\"t_1 m0_1 x12 h1f y4ef ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n del </div><div class=\"t_1 m0_1 x87 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">per\u00edmetro </div><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 6) </div></div><div class=\"c_1 w45 h5f gs358\"><div class=\"t_1 m0_1 x2e h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div><div class=\"t_1 m0_1 x44 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">movimientos </div></div><div class=\"c_1 w67 h5f gs359\"><div class=\"t_1 m0_1 x54 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">31/12/2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w164 h26 gs35a\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Energ\u00eda de la Loma, S.A. </div></div><div class=\"c_1 w166 h26 gs35b\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.350 </div></div><div class=\"c_1 w167 h26 gs35c\"><div class=\"t_1 m0_1 x65 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.390 </div></div><div class=\"c_1 w168 h26 gs35d\"><div class=\"t_1 m0_1 x3d h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w169 h26 gs35e\"><div class=\"t_1 m0_1 x33 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w45 h26 gs35f\"><div class=\"t_1 m0_1 x36 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h26 gs360\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.740 </div></div><div class=\"c_1 w164 h85 gs361\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Energ\u00edas de la Mancha Eneman, S.A. </div></div><div class=\"c_1 w166 h85 gs362\"><div class=\"t_1 m0_1 x5b h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">600<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w167 h85 gs363\"><div class=\"t_1 m0_1 x15 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.096) </div></div><div class=\"c_1 w168 h85 gs364\"><div class=\"t_1 m0_1 x3d h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w169 h85 gs365\"><div class=\"t_1 m0_1 x33 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w45 h85 gs366\"><div class=\"t_1 m0_1 x36 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h85 gs367\"><div class=\"t_1 m0_1 x19 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(496) </div></div><div class=\"c_1 w164 h60 gs368\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Bioenerg\u00eda Santamar\u00eda, S.A. </div></div><div class=\"c_1 w166 h60 gs369\"><div class=\"t_1 m0_1 x13 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.889 </div></div><div class=\"c_1 w167 h60 gs36a\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></div><div class=\"c_1 w168 h60 gs36b\"><div class=\"t_1 m0_1 x15 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(225) </div></div><div class=\"c_1 w169 h60 gs36c\"><div class=\"t_1 m0_1 x33 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w45 h60 gs36d\"><div class=\"t_1 m0_1 x36 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h60 gs36e\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.665 </div></div><div class=\"c_1 w164 h26 gs36f\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">MAGNON </div></div><div class=\"c_1 w166 h26 gs370\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">107.441 </div></div><div class=\"c_1 w167 h26 gs371\"><div class=\"t_1 m0_1 x5 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(11.416) </div></div><div class=\"c_1 w168 h26 gs372\"><div class=\"t_1 m0_1 x2e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(4.900) </div></div><div class=\"c_1 w169 h26 gs373\"><div class=\"t_1 m0_1 x33 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w45 h26 gs374\"><div class=\"t_1 m0_1 x21 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.256) </div></div><div class=\"c_1 w67 h26 gs375\"><div class=\"t_1 m0_1 x41 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">88.869 </div></div><div class=\"c_1 w164 h60 gs376\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">BioCH4 Developments, S.L. </div></div><div class=\"c_1 w166 h60 gs377\"><div class=\"t_1 m0_1 x5b h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">247<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w167 h60 gs378\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(310) </div></div><div class=\"c_1 w168 h60 gs379\"><div class=\"t_1 m0_1 x3d h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w169 h60 gs37a\"><div class=\"t_1 m0_1 x33 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w45 h60 gs37b\"><div class=\"t_1 m0_1 x36 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h60 gs37c\"><div class=\"t_1 m0_1 x3e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(63) </div></div><div class=\"c_1 w164 h26 gs37d\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Biometag\u00e1s La Galera, S.L. </div></div><div class=\"c_1 w166 h26 gs37e\"><div class=\"t_1 m0_1 x36 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w167 h26 gs37f\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w168 h26 gs380\"><div class=\"t_1 m0_1 x3d h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w169 h26 gs381\"><div class=\"t_1 m0_1 x16 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">336<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w45 h26 gs382\"><div class=\"t_1 m0_1 x36 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h26 gs383\"><div class=\"t_1 m0_1 x17 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">336<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w164 h60 gs384\"><div class=\"t_1 m0_1 x12 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 w166 h60 gs385\"><div class=\"t_1 m0_1 x41 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">115.527<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w167 h60 gs386\"><div class=\"t_1 m0_1 x5 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(11.431) </div></div><div class=\"c_1 w168 h60 gs387\"><div class=\"t_1 m0_1 x1a h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(5.125) </div></div><div class=\"c_1 w169 h60 gs388\"><div class=\"t_1 m0_1 x16 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">336<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w45 h60 gs389\"><div class=\"t_1 m0_1 x88 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.256) </div></div><div class=\"c_1 w67 h60 gs38a\"><div class=\"t_1 m0_1 xda h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">97.051<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w16b hd2 gs38c\"><div class=\"t_1 m0_1 x86 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"c_1 w16a h89 gs38d\"><div class=\"t_1 m0_1 x39 h54 y6d6 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2023<span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 xdb h1f y1df ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x14 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Sociedad </div></div><div class=\"c_1 wf6 h89 gs38e\"><div class=\"t_1 m0_1 xe h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">01/01/202<span class=\"ls0_1\">3 </span></div></div><div class=\"c_1 w16c h89 gs38f\"><div class=\"t_1 m0_1 x4 h1f y4ef ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado </div><div class=\"t_1 m0_1 x54 h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">atribuido a </div><div class=\"t_1 m0_1 x11 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">minoritarios </div></div><div class=\"c_1 wa9 h89 gs390\"><div class=\"t_1 m0_1 x2a h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Reparto </div><div class=\"t_1 m0_1 x5a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">dividendos </div></div><div class=\"c_1 w6 h89 gs391\"><div class=\"t_1 m0_1 x3e h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div><div class=\"t_1 m0_1 x5a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">movimientos </div></div><div class=\"c_1 w1f h89 gs392\"><div class=\"t_1 m0_1 xe h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3 </div></div><div class=\"c_1 w16a h23 gs393\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Energ\u00eda de la Loma, S.A. </div></div><div class=\"c_1 wf6 h23 gs394\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.568 </div></div><div class=\"c_1 w16c h23 gs395\"><div class=\"t_1 m0_1 x13 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(259) </div></div><div class=\"c_1 wa9 h23 gs396\"><div class=\"t_1 m0_1 x5 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.959) </div></div><div class=\"c_1 w6 h23 gs397\"><div class=\"t_1 m0_1 x36 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f h23 gs398\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.350 </div></div><div class=\"c_1 w16a h23 gs399\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Energ\u00edas de la Mancha Eneman, S.A. </div></div><div class=\"c_1 wf6 h23 gs39a\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.490 </div></div><div class=\"c_1 w16c h23 gs39b\"><div class=\"t_1 m0_1 x7f h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.798) </div></div><div class=\"c_1 wa9 h23 gs39c\"><div class=\"t_1 m0_1 x5 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.092) </div></div><div class=\"c_1 w6 h23 gs39d\"><div class=\"t_1 m0_1 x36 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f h23 gs39e\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">600<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w16a h23 gs39f\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Bioenerg\u00eda Santamar\u00eda, S.A. </div></div><div class=\"c_1 wf6 h23 gs3a0\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.729) </div></div><div class=\"c_1 w16c h23 gs3a1\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.618 </div></div><div class=\"c_1 wa9 h23 gs3a2\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w6 h23 gs3a3\"><div class=\"t_1 m0_1 x36 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f h23 gs3a4\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.889 </div></div><div class=\"c_1 w16a h58 gs3a5\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">MAGNON </div></div><div class=\"c_1 wf6 h58 gs3a6\"><div class=\"t_1 m0_1 x1a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">108.507 </div></div><div class=\"c_1 w16c h58 gs3a7\"><div class=\"t_1 m0_1 x38 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">242<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wa9 h58 gs3a8\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w6 h58 gs3a9\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.308) </div></div><div class=\"c_1 w1f h58 gs3aa\"><div class=\"t_1 m0_1 x1a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">107.441 </div></div><div class=\"c_1 w16a h23 gs3ab\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">BioCH4 Developments, S.L. </div></div><div class=\"c_1 wf6 h23 gs3ac\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">400<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w16c h23 gs3ad\"><div class=\"t_1 m0_1 x13 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(153) </div></div><div class=\"c_1 wa9 h23 gs3ae\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w6 h23 gs3af\"><div class=\"t_1 m0_1 x36 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f h23 gs3b0\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">247<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w16a h23 gs3b1\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 wf6 h23 gs3b2\"><div class=\"t_1 m0_1 x1a h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">117.236<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w16c h23 gs3b3\"><div class=\"t_1 m0_1 x96 h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">3.650<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wa9 h23 gs3b4\"><div class=\"t_1 m0_1 xe h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(4.051) </div></div><div class=\"c_1 w6 h23 gs3b5\"><div class=\"t_1 m0_1 x21 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.308) </div></div><div class=\"c_1 w1f h23 gs3b6\"><div class=\"t_1 m0_1 x1a h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">115.527<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs3b7\"><div class=\"t_1 m0_1 x3f h8 y355 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x82 h8 y356 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _10\"></span>columna <span class=\"_ _10\"></span>\u201cOtros <span class=\"_ _10\"></span>movimiento<span class=\"_ _6\"></span>s\u201d <span class=\"_ _10\"></span>recoge, <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>rincipalmente, <span class=\"_ _0\"></span>el <span class=\"_ _15\"></span>impacto <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>tereses <span class=\"_ _10\"></span>minoritarios <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los </div><div class=\"t_1 m0_1 x82 h8 y357 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u201cAjustes en p<span class=\"_ _6\"></span>atrimonio por valoraci\u00f3n\u201d<span class=\"_ _6\"></span> (v\u00e9ase Nota 21.6). <span class=\"_ _6\"></span><span class=\"ff4\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "22.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Retribuci\u00f3n al a<span class=\"_ _e\"></span>c<span class=\"_ _6\"></span>cionista </span></span>El <span class=\"_ _e\"></span>28 <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>febrero<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>Co<span class=\"_ _6\"></span>nsejo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>ENCE aprob\u00f3 <span class=\"_ _e\"></span>una <span class=\"_ _1\"></span>nueva <span class=\"_ _1\"></span>Pol\u00edtica <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Remuneraci\u00f3n al Accionista aplicable a partir <span class=\"_ _1\"></span>de ese ejercicio con <span class=\"_ _1\"></span>la finalidad de establecer, dentro del <span class=\"_ _1\"></span>marco de la Ley, <span class=\"_ _1\"></span>los Estatutos <span class=\"_ _15\"></span>Sociales <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>recomendaciones<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>uen <span class=\"_ _6\"></span>gob<span class=\"_ _6\"></span>ierno <span class=\"_ _15\"></span>corporativo, <span class=\"_ _15\"></span>unos <span class=\"_ _15\"></span>criterios <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>retribuci\u00f3n <span class=\"_ _15\"></span>que<span class=\"_ _6\"></span> permitan <span class=\"_ _15\"></span>ligar <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>resulta<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>econ\u00f3mico <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>Sociedad <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>remuneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>percibir <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>accion<span class=\"_ _6\"></span>istas <span class=\"_ _15\"></span>y que respondan<span class=\"_ _6\"></span> a principios de sosten<span class=\"_ _6\"></span>ibilidad,<span class=\"_ _6\"></span> rentabilidad y<span class=\"_ _6\"></span> prudencia financiera.<span class=\"_ _6\"></span> A tal <span class=\"_ _e\"></span>fin, se estima <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e los <span class=\"_ _e\"></span>criterios que <span class=\"_ _1\"></span>deben de <span class=\"_ _e\"></span>marcar,<span class=\"_ _6\"></span> como <span class=\"_ _e\"></span>directric<span class=\"_ _6\"></span>es principales, la <span class=\"_ _e\"></span>Pol\u00edtica, deben <span class=\"_ _1\"></span>ser la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>caja <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ociedades <span class=\"_ _0\"></span>dependientes,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mantener <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>nivel <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>endeudami<span class=\"_ _6\"></span>ento prudente <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>actividad <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>desar<span class=\"_ _6\"></span>rolla <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>Grupo <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cumplimiento <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>us <span class=\"_ _6\"></span>obligaciones <span class=\"_ _15\"></span>legales <span class=\"_ _6\"></span>y contractuales. En <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>sentido, <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>remuneraci\u00f3n <span class=\"_ _6\"></span>anual <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>accion<span class=\"_ _6\"></span>ista <span class=\"_ _6\"></span>vendr\u00e1 <span class=\"_ _6\"></span>determinada <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>caja <span class=\"_ _6\"></span>dispon<span class=\"_ _6\"></span>ible <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>distribuir asegurando <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>nivel <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>endeudamiento <span class=\"_ _15\"></span>financiero <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>ecuado <span class=\"_ _6\"></span>de, <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>referencia, <span class=\"_ _15\"></span>2,5 <span class=\"_ _6\"></span>veces <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>egocio de <span class=\"_ _11\"> </span>Ce<span class=\"_ _6\"></span>lulosa <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>5 <span class=\"_ _12\"> </span>veces <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>el  negocio <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>Energ\u00eda<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>el <span class=\"_ _12\"> </span>result<span class=\"_ _6\"></span>ado <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _12\"> </span>operaciones <span class=\"_ _12\"> </span>ante<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>financieros,<span class=\"_ _6\"></span> amortizaciones <span class=\"_ _1e\"> </span>e <span class=\"_ _18\"> </span>i<span class=\"_ _6\"></span>mpuestos <span class=\"_ _1e\"> </span>(EBITDA), <span class=\"_ _1e\"> </span>utilizan<span class=\"_ _6\"></span>do <span class=\"_ _1e\"> </span>precios <span class=\"_ _18\"> </span>medios<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _1e\"> </span>ciclo,<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>y <span class=\"_ _1e\"> </span>teniend<span class=\"_ _6\"></span>o <span class=\"_ _1e\"> </span>en <span class=\"_ _18\"> </span>cuenta<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>los<span class=\"_ _6\"></span> compromisos y p<span class=\"_ _6\"></span>lanes de inversi\u00f3n.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Con <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>objetiv<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>ajustar <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>remuneraci\u00f3n <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>efectiva <span class=\"_ _10\"></span>generaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>caja <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Sociedad<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>se <span class=\"_ _10\"></span>propuso <span class=\"_ _10\"></span>el siguiente <span class=\"_ _12\"> </span>calendario  para <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>abon<span class=\"_ _6\"></span>o <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>dividendo<span class=\"_ _6\"></span>s: <span class=\"_ _12\"> </span>(i) <span class=\"_ _12\"> </span>dos <span class=\"_ _12\"> </span>dividend<span class=\"_ _6\"></span>os <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cuenta <span class=\"_ _12\"> </span>aco<span class=\"_ _6\"></span>rdados <span class=\"_ _12\"> </span>al  cie<span class=\"_ _1\"></span>rre <span class=\"_ _12\"> </span>del segundo <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>tercer <span class=\"_ _10\"></span>trimestre <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>cada <span class=\"_ _0\"></span>ejercicio, <span class=\"_ _0\"></span>esto<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>es <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _10\"></span>meses <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>julio <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>octubre; <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>(ii) <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>dividend<span class=\"_ _6\"></span>o complementario <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>ropondr\u00e1 <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>J<span class=\"_ _6\"></span>unta <span class=\"_ _15\"></span>General <span class=\"_ _15\"></span>Ordinar<span class=\"_ _6\"></span>ia <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>Accion<span class=\"_ _6\"></span>istas <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Sociedad <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>fecha que se convoq<span class=\"_ _6\"></span>ue dentro del primer semestre de cad<span class=\"_ _6\"></span>a ejercicio.<span class=\"_ _6\"></span> El <span class=\"_ _10\"></span>Con<span class=\"_ _6\"></span>sejo <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>Administra<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _0\"></span>podr\u00e1 <span class=\"_ _0\"></span>proponer <span class=\"_ _10\"></span>aq<span class=\"_ _6\"></span>uellas <span class=\"_ _0\"></span>modalidades <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>remuneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>accionista <span class=\"_ _0\"></span>que resulten <span class=\"_ _1e\"> </span>m\u00e1s<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>acord<span class=\"_ _6\"></span>es <span class=\"_ _17\"> </span>en <span class=\"_ _1e\"> </span>ca<span class=\"_ _6\"></span>da <span class=\"_ _17\"> </span>momento, <span class=\"_ _17\"> </span>incluyend<span class=\"_ _6\"></span>o <span class=\"_ _1e\"> </span>pro<span class=\"_ _6\"></span>gramas <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>recompra <span class=\"_ _17\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>a<span class=\"_ _6\"></span>cciones <span class=\"_ _17\"> </span>para <span class=\"_ _17\"> </span>su amortizaci\u00f3n, sis<span class=\"_ _6\"></span>tema de retribuci\u00f3n<span class=\"_ _6\"></span> flexible, as\u00ed como distrib<span class=\"_ _6\"></span>uc<span class=\"_ _6\"></span>iones en especie.<span class=\"_ _33\"> </span>22.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Dividendo<span class=\"_ _1\"></span>s pagados </span></span>El <span class=\"_ _1\"></span>Consejo <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>Ad<span class=\"_ _6\"></span>ministraci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>la Sociedad <span class=\"_ _e\"></span>Domina<span class=\"_ _6\"></span>nte ha <span class=\"_ _a\"></span>aco<span class=\"_ _6\"></span>rdado durante <span class=\"_ _e\"></span>el a\u00f1o<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>2024 <span class=\"_ _e\"></span>el pago <span class=\"_ _e\"></span>en e<span class=\"_ _1\"></span>fectivo de <span class=\"_ _10\"></span>dos <span class=\"_ _0\"></span>dividendos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>cuenta<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>del <span class=\"_ _0\"></span>ejercicio <span class=\"_ _10\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _10\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _10\"></span>agre<span class=\"_ _6\"></span>gado <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span><span><span class=\"gs3b8\" id=\"__12\">0, 14 0</span></span> <span class=\"_ _10\"></span><span class=\"ff6\">\u20ac/ac<span class=\"_ _6\"></span>ci\u00f3n, </span>equivalente a 34,0 <span class=\"ff6\">millon<span class=\"_ _6\"></span>es \u20ac.</span> La <span class=\"_ _15\"></span>informaci\u00f3n <span class=\"_ _10\"></span>relativa <span class=\"_ _15\"></span>a<span class=\"_ _6\"></span>l <span class=\"_ _15\"></span>estad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>conta<span class=\"_ _6\"></span>ble <span class=\"_ _15\"></span>prevision<span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>liquidez <span class=\"_ _10\"></span>elaborado <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>acuerdo <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>requisitos legales es<span class=\"_ _6\"></span>tablecidos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>art\u00edculo <span class=\"_ _6\"></span>277 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Texto <span class=\"_ _6\"></span>Refundido <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Ley <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>Sociedades <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Capital, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>que s<span class=\"_ _6\"></span>e pone <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>manifiesto <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>xistencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>liquidez <span class=\"_ _15\"></span>suficiente <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>Ence <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>Celulosa, <span class=\"_ _15\"></span>S.A. <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>tribuci\u00f3n de <span class=\"_ _0\"></span>dichos <span class=\"_ _0\"></span>divid<span class=\"_ _6\"></span>endos, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>incluye <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>cu<span class=\"_ _6\"></span>entas <span class=\"_ _0\"></span>anuales <span class=\"_ _0\"></span>individuales<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>nce <span class=\"_ _0\"></span>Energ\u00eda <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Celulosa, <span class=\"_ _0\"></span>S.A.<span class=\"_ _15\"></span> <span class=\"_ _0\"></span>del ejercicio 2024.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "140.0",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-16": {
   "value": "23.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Subvenciones </span></span>Las <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>ariaciones <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>este <span class=\"_ _1\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Situaci\u00f3n <span class=\"_ _1\"></span>Financiera <span class=\"_ _1\"></span>consolidado<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>202<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>y 202<span class=\"_ _1\"></span>3 es el siguiente: Miles de Euros  Pr\u00e9stamos Subvencionados (Nota 28.2) y otros Subvenciones de Capital Derechos de Emisi\u00f3n (Nota 20.1) Cr\u00e9ditos compensaci\u00f3n de gases efecto invernadero (Nota 20) Total Saldo a 31/12/2022 7 6.401<span class=\"ls0_1\"> </span>- - 6.408<span class=\"ff4 ls0_1\"> </span>Altas por nuevas subvenciones (*) - 636<span class=\"ls0_1\"> </span>- - 636<span class=\"ls0_1\"> </span>Derechos de emisi\u00f3n concedidos - - 8.352 - 8.352 Imputaci\u00f3n a resultados consolidados - (1.026) (8.352) - (9.378) Saldo a 31/12/2023 7 6.011<span class=\"ls0_1\"> </span>- 6.018<span class=\"ls0_1\"> </span>Altas por nuevas subvenciones (*) - 4.362 - 1.228 5.590 Derechos de emisi\u00f3n concedidos  - - 6.876 - 6.876 Imputaci\u00f3n a resultados consolidados - (1.073) (6.876) - (7.949) Saldo a 31/12/2024 7 9.300<span class=\"ls0_1\"> </span>- 1.228<span class=\"ls0_1\"> </span>10.535<span class=\"_ _33\"> </span>ENCE ha <span class=\"_ _e\"></span>obtenido de <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>iversas <span class=\"_ _e\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>p\u00fablicas, subvenciones <span class=\"_ _e\"></span>a fondo <span class=\"_ _e\"></span>perd<span class=\"_ _6\"></span>ido <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>inversiones destinadas a fome<span class=\"_ _1\"></span>ntar la <span class=\"_ _1\"></span>estructura productiva <span class=\"_ _1\"></span>industrial, con <span class=\"_ _1\"></span>impacto <span class=\"_ _1\"></span>significativo en <span class=\"_ _1\"></span>la cre<span class=\"_ _1\"></span>aci\u00f3n de <span class=\"_ _e\"></span>empleo, e<span class=\"_ _1\"></span>l ahorro y la eficiencia energ\u00e9tica, y<span class=\"_ _6\"></span> un mejor aprov<span class=\"_ _6\"></span>echamiento de la <span class=\"_ _15\"></span>energ\u00eda. Adicionalmente, el Grupo <span class=\"_ _e\"></span>tien<span class=\"_ _6\"></span>e concedidas ayudas al <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>de diciembre de 2024 <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or importe <span class=\"_ _1\"></span>de 13.167 miles \u20ac, <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>estinadas<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>rincipalmente <span class=\"_ _11\"> </span>a <span class=\"_ _12\"> </span>ap<span class=\"_ _6\"></span>oyar <span class=\"_ _12\"> </span>proyectos <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>invers<span class=\"_ _6\"></span>i\u00f3n <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>elevado <span class=\"_ _12\"> </span>componente <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>ahorro energ\u00e9tico, que est\u00e1n<span class=\"_ _6\"></span> condicionadas<span class=\"_ _6\"></span> a la ejecuci\u00f3n y ju<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>tificaci\u00f3n de dichos p<span class=\"_ _6\"></span>royectos. Asimismo, ENCE <span class=\"_ _1\"></span>obtuvo en ejercicios <span class=\"_ _1\"></span>anteriores cr\u00e9ditos a <span class=\"_ _1\"></span>tipos de inter\u00e9<span class=\"_ _1\"></span>s favorables y <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>igencia de <span class=\"_ _e\"></span>has<span class=\"_ _6\"></span>ta 10 a\u00f1os, <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>financian<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>proyectos <span class=\"_ _11\"> </span>desarrollados <span class=\"_ _11\"> </span>po<span class=\"_ _6\"></span>r <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>Grupo <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>ara <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>ampliaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>mejora <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>la  capacidad productiva <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>biof\u00e1bricas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>producci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>celulosa, <span class=\"_ _10\"></span>as\u00ed <span class=\"_ _10\"></span>como <span class=\"_ _15\"></span>al <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>esarrollo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>proyectos <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>I+D+i. <span class=\"_ _10\"></span>La<span class=\"_ _6\"></span> diferencia <span class=\"_ _15\"></span>entre <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>tipo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>inter\u00e9s <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>mercado <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>tipo <span class=\"_ _15\"></span>inferior <span class=\"_ _15\"></span>recogido <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>trato, <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>considera <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>na<span class=\"_ _33\"> </span>subvenci\u00f3n <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>impu<span class=\"_ _6\"></span>ta <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>resultad<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>siguiendo <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>criterio <span class=\"_ _15\"></span>financiero <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>lo <span class=\"_ _15\"></span>largo<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>vida <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>pr\u00e9stamo (v\u00e9ase Nota 28.2).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-17": {
   "value": "24.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Instrumentos financieros por categor\u00eda </span></span>Los <span class=\"_ _18\"> </span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _18\"> </span>finan<span class=\"_ _6\"></span>cieros <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>cat<span class=\"_ _6\"></span>egor\u00eda <span class=\"_ _18\"> </span>reconcil<span class=\"_ _6\"></span>iados <span class=\"_ _18\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>las <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>artidas <span class=\"_ _1e\"> </span>en <span class=\"_ _18\"> </span>el <span class=\"_ _18\"> </span>Estad<span class=\"_ _6\"></span>o <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>Situaci\u00f3n<span class=\"_ _6\"></span> Financiera consolida<span class=\"_ _6\"></span>do al 31 de dicie<span class=\"_ _6\"></span>mbre de 202<span class=\"_ _6\"></span>4 y 2023 s<span class=\"_ _6\"></span>on los s<span class=\"_ _6\"></span>iguientes<span class=\"ls24\">:<span class=\"_ _33\"> </span></span>2024<span class=\"ls0_1\"> </span>Miles de Euros Notas Coste  amortizado Valor razonable con cambios en otro resultado global Valor razonable con cambios en resultados Total a 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> Inversiones contabilizadas por el m\u00e9todo de parti<span class=\"_ _1\"></span>cipaci\u00f3n<span class=\"_ _6\"></span> - - 77<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>Instrumentos financieros derivados 30<span class=\"ls0_1\"> </span>- - - - Deudores comerciales y otras cuentas a cobrar 25<span class=\"ls0_1\"> </span>49.756 - - 49.756 Deudores comerciales y otras inversiones fin<span class=\"_ _1\"></span>ancieras - empresas del Grupo y vinculadas 25 y 34<span class=\"ls0_1\"> </span>1.140 - - 1.140 Otras inversiones financieras 27.2 56.999 - 19.936 76.935 Efectivo y otros activos l\u00edquidos equivalentes 27.1 263.942 - - 263.942 Total Activos financieros 371.837<span class=\"ls0_1\"> </span>- 20.013<span class=\"ls0_1\"> </span>391.850<span class=\"ls0_1\"> </span>Instrumentos financieros derivados 30<span class=\"ls0_1\"> </span>- 12.003 - 12.003 Acreedores comerciales y otras cuentas a pagar 26<span class=\"ls0_1\"> </span>216.033 - - 216.033 Otros pasivos no corrientes y corrientes 29<span class=\"ls0_1\"> </span>100.227 - - 100.227 Deudas comerciales y otros pasivos financieros con empresas del Grupo y vinculadas 26 y 34<span class=\"ls0_1\"> </span>31.712 - - 31.712 Obligaciones y otros valores negociables 28.1 73.561 - - 73.561 Deudas con entidades de cr\u00e9dito 28.1 442.133 - - 442.133 Otros pasivos financieros 28.2 92.955 - - 92.955 Total Pasivos financieros 956.621<span class=\"ls0_1\"> </span>12.003<span class=\"ls0_1\"> </span>- 968.624<span class=\"ls0_1\"> </span>202<span class=\"ls0_1\">3 </span>Miles de Euros Notas Coste  amortizado Valor razonable con cambios en otro resultado global Valor razonable con cambios en resultados Total a 31/<span class=\"ls9\">12<span class=\"ls22\">/202</span></span>3 Inversiones contabilizadas por el m\u00e9todo de participaci\u00f3n - - 34<span class=\"ls0_1\"> </span>34<span class=\"ls0_1\"> </span>Instrumentos financieros derivados 30<span class=\"ls0_1\"> </span>- 4.085 - 4.085 Deudores comerciales y otras cuentas a cobrar 25 34.975 - - 34.975 Deudores comerciales y otras inversiones fin<span class=\"_ _1\"></span>ancieras - empresas del Grupo y vinculadas 25 <span class=\"ls2e\">y <span class=\"ls9\">34</span></span> 1.779 - - 1.779 Otras inversiones financieras 27<span class=\"ls8\">.2</span> 47.262 - 19.175 66.437 Efectivo y otros activos l\u00edquidos equivalentes 27<span class=\"ls8\">.1</span> 333.032 - - 333.032 Total Activos financieros 417.048<span class=\"ls0_1\"> </span>4.085<span class=\"ls0_1\"> </span>19.209<span class=\"ls0_1\"> </span>440.342<span class=\"ls0_1\"> </span>Instrumentos financieros derivados 30<span class=\"ls0_1\"> </span>- 4.034 - 4.034 Acreedores comerciales y otras cuentas a pagar 26 222.920 - - 222.920 Otros pasivos no corrientes y corrientes 29 104.129 - - 104.129 Deudas comerciales y otros pasivos financieros con empresas del Grupo y vinculadas 26 <span class=\"ls2e\">y <span class=\"ls9\">34</span></span> 6.206 - - 6.206 Obligaciones y otros valores negociables 28<span class=\"ls8\">.1</span> 131.744 - - 131.744 Deudas con entidades de cr\u00e9dito 28<span class=\"ls8\">.1</span> 405.721 - - 405.721 Otros pasivos financieros 28<span class=\"ls8\">.2</span> 87.720 - - 87.720 Total Pasivos financieros 958.440<span class=\"ls0_1\"> </span>4.034<span class=\"ls0_1\"> </span>- 962.474<span class=\"_ _33\"> </span>La <span class=\"_ _6\"></span>valoraci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>instrumentos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financieros <span class=\"_ _6\"></span>derivados <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>realizado <span class=\"_ _6\"></span>considerando<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>informaci\u00f3n de <span class=\"_ _6\"></span>niv<span class=\"_ _6\"></span>el 2, <span class=\"_ _18\"> </span>esto <span class=\"_ _18\"> </span>es,<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>utilizando<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>variables <span class=\"_ _18\"> </span>diferentes<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>precios <span class=\"_ _1e\"> </span>cotizado<span class=\"_ _6\"></span>s, <span class=\"_ _18\"> </span>que <span class=\"_ _1e\"> </span>son <span class=\"_ _18\"> </span>observab<span class=\"_ _6\"></span>les <span class=\"_ _18\"> </span>bien <span class=\"_ _18\"> </span>directa <span class=\"_ _18\"> </span>o<span class=\"_ _6\"></span> indirectamente <span class=\"_ _6\"></span>(v<span class=\"_ _6\"></span>\u00e9ase <span class=\"_ _6\"></span>N<span class=\"_ _6\"></span>ota <span class=\"_ _15\"></span>3.8). <span class=\"_ _15\"></span>Por <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>arte, <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>valoraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonable <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span>traprestaci\u00f3n contingente se utilizan<span class=\"_ _6\"></span> variabl<span class=\"_ _6\"></span>es del nivel 3<span class=\"_ _6\"></span> incluyendo los<span class=\"_ _6\"></span> t\u00e9rminos del <span class=\"_ _6\"></span>contrato de v<span class=\"_ _6\"></span>enta, el conoci<span class=\"_ _6\"></span>miento por parte del Grupo d<span class=\"_ _6\"></span>e su negocio y<span class=\"_ _6\"></span> los efectos del entorno<span class=\"_ _6\"></span> econ\u00f3mi<span class=\"_ _6\"></span>co actual.<span class=\"_ _33\"> </span>El valor <span class=\"_ _1\"></span>razonable de <span class=\"_ _1\"></span>los activos y <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>asivos financieros valorados a <span class=\"_ _e\"></span>cos<span class=\"_ _6\"></span>te amortizado, <span class=\"_ _1\"></span>entre los que <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>e incluye la <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>contrata<span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s <span class=\"_ _15\"></span>fijo <span class=\"_ _6\"></span>(v\u00e9ans<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Not<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>5 <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>28), <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>difiere <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>forma <span class=\"_ _15\"></span>significativa <span class=\"_ _15\"></span>del importe al que se encuentra<span class=\"_ _6\"></span>n registra<span class=\"_ _6\"></span>dos.<span class=\"_ _33\"> </span>25.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Deudores comerciales y otras cuentas a cobrar  </span></span>La <span class=\"_ _11\"> </span>composici\u00f3n <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _11\"> </span>\u201cDeud<span class=\"_ _6\"></span>ores <span class=\"_ _11\"> </span>comerciales <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>otras<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>cuentas <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>cobrar\u201d <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>activo <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>Estad<span class=\"_ _6\"></span>o <span class=\"_ _11\"></span>de Situaci\u00f3n Financiera con<span class=\"_ _6\"></span>solidado a<span class=\"_ _6\"></span>l cierre de los ejercicios 2<span class=\"_ _6\"></span>02<span class=\"_ _6\"></span>4 y 2023 es la siguient<span class=\"_ _6\"></span>e<span class=\"ls24\">: </span> Miles de Euros 31/12/2024<span class=\"ls0_1\"> </span>31/12/2023<span class=\"ls0_1\"> </span>Clientes por ventas-    <span class=\"ls0_1\">Celulosa </span>  <span class=\"ls0_1\">16.370    </span>  <span class=\"ls0_1\">28.009    </span>   <span class=\"ls0_1\">Energ\u00eda </span>  <span class=\"ls0_1\">27.946    </span>  <span class=\"ls0_1\">3.373    </span>   <span class=\"ls0_1\">Otros conceptos </span>  <span class=\"ls0_1\">4.715    </span>  <span class=\"ls0_1\">3.058    </span>Empresas del grupo y vinculadas, deudores (Nota <span class=\"ls9\">34</span>)   <span class=\"ls0_1\">1.128    </span>  <span class=\"ls0_1\">1.767    </span>Deudores varios   <span class=\"ls0_1\">5.715    </span>  <span class=\"ls0_1\">4.585    </span>Deterioro de valor       <span class=\"ls0_1\">(4.990)    </span>      <span class=\"ls0_1\">(4.050)    </span>  <span class=\"ls9\">50.884   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">36.742   <span class=\"ls0_1\"> </span></span>El per\u00edodo <span class=\"_ _1\"></span>de cr\u00e9dito <span class=\"_ _1\"></span>para la <span class=\"_ _1\"></span>venta de pasta <span class=\"_ _1\"></span>de celulosa se <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>it\u00faa en media entre <span class=\"_ _1\"></span>54 y <span class=\"_ _e\"></span>5<span class=\"_ _6\"></span>8 d\u00edas. En la <span class=\"_ _e\"></span>evo<span class=\"_ _6\"></span>luci\u00f3n de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>aldos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cobrar <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>entas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _15\"></span>renovable <span class=\"_ _15\"></span>debe <span class=\"_ _6\"></span>considerars<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>saldos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cobrar <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>Pool presentan <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>periodo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cob<span class=\"_ _6\"></span>ro <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>aproximadam<span class=\"_ _6\"></span>ente <span class=\"_ _10\"></span>10 <span class=\"_ _10\"></span>d\u00edas <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>saldos <span class=\"_ _10\"></span>pendientes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>cobro <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>CNMC<span class=\"_ _6\"></span> presentan <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>eriodo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cobro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>aprox<span class=\"_ _6\"></span>imada<span class=\"_ _6\"></span>mente <span class=\"_ _6\"></span>60 <span class=\"_ _6\"></span>d\u00edas<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>El <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razo<span class=\"_ _6\"></span>nable <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esto<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>saldos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>difiere de forma significativa <span class=\"_ _6\"></span>de su v<span class=\"_ _6\"></span>alor en libros.<span class=\"_ _6\"></span> La cuenta <span class=\"_ _1\"></span>\u201cDeterioro de <span class=\"_ _e\"></span>valor\u201d<span class=\"_ _6\"></span> ha <span class=\"_ _e\"></span>ten<span class=\"_ _6\"></span>ido <span class=\"_ _1\"></span>dotaciones en e<span class=\"_ _1\"></span>l ej<span class=\"_ _1\"></span>ercicio <span class=\"_ _1\"></span>con cargo <span class=\"_ _1\"></span>a la <span class=\"_ _e\"></span>cuenta<span class=\"_ _6\"></span> \u201c<span class=\"_ _1\"></span>deterioro de <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r sobre activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>financieros\u201d <span class=\"_ _6\"></span>del Esta<span class=\"_ _6\"></span>do d<span class=\"_ _6\"></span>e Resultado <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe de <span class=\"_ _15\"></span><span class=\"ff4 lse\">963<span class=\"ls0_1\"> <span class=\"_ _6\"></span></span></span>miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>y aplicacio<span class=\"_ _6\"></span>nes <span class=\"_ _6\"></span>a s<span class=\"_ _6\"></span>u finalid<span class=\"_ _6\"></span>ad y otros mov<span class=\"_ _6\"></span>imientos por importe de <span class=\"_ _6\"></span><span class=\"lse\">23</span> miles <span class=\"ff6\">\u20ac</span>.<span class=\"_ _6\"></span> 25.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Factoring  </span></span>El <span class=\"_ _10\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>tiene <span class=\"_ _10\"></span>formalizados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>tratos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>facto<span class=\"_ _6\"></span>ring <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>in <span class=\"_ _10\"></span>recurs<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _10\"></span>No<span class=\"_ _6\"></span>ta <span class=\"_ _10\"></span>3.7), <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>siguiente<span class=\"_ _6\"></span> detalle: 202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Mn \u20ac<span class=\"ff4\"> </span>L\u00edmite disponible Saldo Dispuesto L\u00edmite disponible Saldo Dispuesto Neg. Celulosa 119.000 85.977 94.000 83.900 Neg. Renovables 43.400 - 33.400 4.455 162.400<span class=\"ls0_1\"> </span>85.977<span class=\"ls0_1\"> </span>127.400<span class=\"ls0_1\"> </span>88.355<span class=\"_ _33\"> </span>El coste financiero<span class=\"_ _6\"></span> asociado a<span class=\"_ _6\"></span> los cr\u00e9ditos v<span class=\"_ _6\"></span>endidos s<span class=\"_ _6\"></span>e establece en e<span class=\"_ _6\"></span>l Euribor a 3 <span class=\"_ _6\"></span>meses <span class=\"_ _6\"></span>m\u00e1s un diferencial<span class=\"_ _6\"></span> en <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span>entorno <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>1,10%<span class=\"lsf\">. <span class=\"_ _0\"></span></span>Los <span class=\"_ _11\"> </span>saldos <span class=\"_ _11\"> </span>comerciales <span class=\"_ _0\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>factorizados <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>2024 <span class=\"_ _11\"> </span>se <span class=\"_ _11\"></span>prev\u00e9n recuperar mediante su<span class=\"_ _6\"></span> cobro al deud<span class=\"_ _6\"></span>or, y no mediante su<span class=\"_ _6\"></span> venta<span class=\"_ _6\"></span>. 26.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Acreedores comerciales y otras cuentas a pagar </span></span>La <span class=\"_ _0\"></span>composici\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ep\u00ed<span class=\"_ _6\"></span>grafe <span class=\"_ _0\"></span>\u201cAcreedores <span class=\"_ _0\"></span>come<span class=\"_ _6\"></span>rciales <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ot<span class=\"_ _6\"></span>ras <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>pagar\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>pasivo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de Situaci\u00f3n Financiera con<span class=\"_ _6\"></span>solidado a<span class=\"_ _6\"></span>l cierre de los ejercicios 2<span class=\"_ _6\"></span>02<span class=\"_ _6\"></span>4 y 2023 es la siguient<span class=\"_ _6\"></span>e: Miles de Euros  31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"ls0_1\"> </span>Acreedores comerciales y otras cuentas a pagar 180.865 186.556 Empresas del grupo y vinculadas, acreedores (Nota <span class=\"ls9\">34</span>) 1.821 1.094 Proveedores de inmovilizado 23.263 27.366 Remuneraciones pendientes de pago 11.905 8.998 217.854<span class=\"ls0_1\"> </span>224.014<span class=\"ls0_1\"> </span>26.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Confirming </span></span>El Grupo tiene formalizado co<span class=\"_ _6\"></span>ntrato<span class=\"_ _6\"></span>s de confirming sin recurs<span class=\"_ _6\"></span>o, de acuerdo a<span class=\"_ _6\"></span>l siguiente detalle:<span class=\"_ _6\"></span> 202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Mn \u20ac<span class=\"ff4\"> </span>L\u00edmite disponible Saldo Dispuesto L\u00edmite disponible Saldo Dispuesto Neg. Celulosa 134.500 59.745 134.500 58.955 Neg. Renovables 49.000 23.441 47.000 19.807 183.500<span class=\"ls0_1\"> </span>83.186<span class=\"ls0_1\"> </span>181.500<span class=\"ls0_1\"> </span>78.762<span class=\"ls0_1\"> </span>Los <span class=\"_ _10\"></span>saldos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>erivados <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>tilizaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>l\u00edneas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>confi<span class=\"_ _6\"></span>rming <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>clasifican <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>deu<span class=\"_ _6\"></span>da <span class=\"_ _10\"></span>comercial. <span class=\"_ _10\"></span>Las<span class=\"_ _6\"></span> l\u00edneas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>firming <span class=\"_ _10\"></span>contra<span class=\"_ _6\"></span>tadas <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>contemplan <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>esta<span class=\"_ _6\"></span>blecimiento <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>garant\u00edas,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>alteran<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>el<span class=\"_ _33\"> </span>periodo <span class=\"_ _12\"> </span>medio <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>pago <span class=\"_ _12\"> </span>a<span class=\"_ _6\"></span>cord<span class=\"_ _6\"></span>ado <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>roveed<span class=\"_ _6\"></span>ores <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>no<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>devengan  coste <span class=\"_ _11\"> </span>financie<span class=\"_ _6\"></span>ro <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>fav<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las<span class=\"_ _33\"> </span>entidades financieras o<span class=\"_ _6\"></span>torgantes d<span class=\"_ _6\"></span>e las l\u00edneas.<span class=\"_ _33\"> </span>26.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Informaci\u00f3n sob<span class=\"_ _1\"></span>re el Periodo<span class=\"_ _1\"></span> Medio de Pago a p<span class=\"_ _1\"></span>roveedores<span class=\"_ _33\"> </span></span></span>La informaci\u00f3n sob<span class=\"_ _6\"></span>re el perio<span class=\"_ _6\"></span>do medio de pago s<span class=\"_ _6\"></span>e ha <span class=\"_ _6\"></span>elaborado<span class=\"_ _6\"></span> de acuerdo a la L<span class=\"_ _6\"></span>ey 15/2010, p<span class=\"_ _6\"></span>or la <span class=\"_ _15\"></span>que se<span class=\"_ _33\"> </span>establecen  medidas  de <span class=\"_ _12\"> </span>luch<span class=\"_ _6\"></span>a<span class=\"_ _6\"></span>  contra  la <span class=\"_ _12\"> </span>morosidad<span class=\"_ _6\"></span>  de <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span>s  operaciones  comerciales,  las <span class=\"_ _12\"> </span>modificacion<span class=\"_ _6\"></span>es<span class=\"_ _33\"> </span>establecidas <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Ley <span class=\"_ _e\"></span>18/2022, <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>28 <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>septiembre, <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>creaci\u00f3n <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>crecimiento <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>empresas<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span> <span class=\"_ _e\"></span>la Dis<span class=\"_ _1\"></span>posici\u00f3n<span class=\"_ _33\"> </span>final <span class=\"_ _0\"></span>segunda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>31/2<span class=\"_ _6\"></span>014, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>3 <span class=\"_ _0\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>diciembre, <span class=\"_ _0\"></span>que<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ido <span class=\"_ _0\"></span>preparada <span class=\"_ _11\"></span>aplicando <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Resoluci\u00f3n <span class=\"_ _0\"></span>del<span class=\"_ _33\"> </span>Instituto d<span class=\"_ _6\"></span>e Contabilidad y Auditor\u00eda d<span class=\"_ _6\"></span>e Cuentas de fecha 2<span class=\"_ _6\"></span>9 de enero de 2016. El periodo medio de p<span class=\"_ _6\"></span>ago es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _33\"> </span>D\u00edas<span class=\"_ _33\"> </span>2024<span class=\"_ _33\"> </span>2023<span class=\"_ _33\"> </span>Periodo Medio de pago a proveedores (D\u00edas)<span class=\"_ _33\"> </span>57<span class=\"_ _33\"> </span>63<span class=\"_ _33\"> </span>Ratio de operaciones pagadas (D\u00edas)<span class=\"_ _33\"> </span>59<span class=\"_ _33\"> </span>65<span class=\"_ _33\"> </span>Ratio de operaciones pendientes (D\u00edas)<span class=\"_ _33\"> </span>46<span class=\"_ _33\"> </span>45<span class=\"_ _33\"> </span>Miles de Euros<span class=\"_ _33\"> </span>Total pagos realizados<span class=\"_ _33\"> </span>750.443 874.664<span class=\"_ _33\"> </span>Total pagos pendientes<span class=\"_ _33\"> </span>114.366122.319<span class=\"_ _33\"> </span>Se <span class=\"_ _e\"></span>detallan <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>contin<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>facturas <span class=\"_ _1\"></span>pagadas <span class=\"_ _e\"></span>en un <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>eriodo <span class=\"_ _e\"></span>inferior <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>m\u00e1ximo <span class=\"_ _1\"></span>establecid<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>normativ<span class=\"_ _6\"></span>a<span class=\"_ _33\"> </span>de morosidad:<span class=\"_ _33\"> </span>202<span class=\"ls0_1\">4<span class=\"_ _33\"> </span></span>202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span>Miles de euros<span class=\"_ _33\"> </span>Importe<span class=\"_ _33\"> </span>%<span class=\"_ _33\"> </span>Importe<span class=\"_ _33\"> </span>%<span class=\"_ _33\"> </span>Pagos realizados 478.233 64%<span class=\"_ _33\"> </span>449.934 51%<span class=\"_ _33\"> </span>N\u00ba facturas pagadas<span class=\"_ _33\"> </span>41.531<span class=\"_ _33\"> </span>66<span class=\"ls0_1\">%<span class=\"_ _33\"> </span></span>35.127<span class=\"_ _33\"> </span>53%<span class=\"_ _33\"> </span>Las especificaciones con q<span class=\"_ _6\"></span>ue se ha <span class=\"_ _6\"></span>elaborado d<span class=\"_ _6\"></span>icha informaci\u00f3n s<span class=\"_ _6\"></span>on las siguientes:<span class=\"_ _33\"> </span>Se <span class=\"_ _e\"></span>entender\u00e1 <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _e\"></span>\u201cPeriodo<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>medio <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>pago <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>proveedores\u201d <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>plazo que<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>trans<span class=\"_ _6\"></span>curre <span class=\"_ _e\"></span>desde <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>entrega <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>bienes<span class=\"_ _33\"> </span>o <span class=\"_ _1\"></span>prestaci\u00f3n de <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>ervicios <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cargo <span class=\"_ _e\"></span>del proveedor <span class=\"_ _e\"></span>has<span class=\"_ _6\"></span>ta <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>pago de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>operaci\u00f3n. Dicho <span class=\"_ _e\"></span>periodo <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>calcula <span class=\"_ _1\"></span>como<span class=\"_ _33\"> </span>el <span class=\"_ _6\"></span>coci<span class=\"_ _6\"></span>ente <span class=\"_ _15\"></span>formado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>numerador <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>e<span class=\"_ _6\"></span>l <span class=\"_ _15\"></span>su<span class=\"_ _6\"></span>matorio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>ratio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>operacion<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>pagadas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>importe<span class=\"_ _33\"> </span>total de <span class=\"_ _6\"></span>los pago<span class=\"_ _6\"></span>s realizados m\u00e1s<span class=\"_ _6\"></span> la <span class=\"_ _6\"></span>ratio <span class=\"_ _6\"></span>de operaciones <span class=\"_ _6\"></span>pendientes d<span class=\"_ _6\"></span>e pago <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el importe total <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>agos<span class=\"_ _33\"> </span>pendientes y, en el d<span class=\"_ _6\"></span>enominador, por <span class=\"_ _6\"></span>el importe total de pagos<span class=\"_ _6\"></span> realizados y los p<span class=\"_ _6\"></span>agos p<span class=\"_ _15\"></span>endientes.<span class=\"_ _33\"> </span>Ratio de operacion<span class=\"_ _6\"></span>es pagadas<span class=\"_ _6\"></span>: importe en d<span class=\"_ _6\"></span>\u00edas resu<span class=\"_ _6\"></span>ltante del cociente <span class=\"_ _6\"></span>entre el su<span class=\"_ _6\"></span>matorio de los<span class=\"_ _6\"></span> producto<span class=\"_ _6\"></span>s<span class=\"_ _33\"> </span>del importe de <span class=\"_ _1\"></span>cada una de la<span class=\"_ _1\"></span>s operaciones pagadas por el <span class=\"_ _e\"></span>n\u00fa<span class=\"_ _6\"></span>mero de d\u00edas de <span class=\"_ _e\"></span>pago y el importe total de los<span class=\"_ _33\"> </span>pagos realizados<span class=\"_ _6\"></span> en el ejercicio.<span class=\"_ _33\"> </span>Ratio de operaciones pendientes de pago: im<span class=\"_ _1\"></span>porte en d\u00edas r<span class=\"_ _1\"></span>esultante del cociente e<span class=\"_ _1\"></span>ntre el sumatorio de los<span class=\"_ _33\"> </span>productos <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>importe <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>operaci\u00f3n <span class=\"_ _15\"></span>pendiente <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pago<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>n\u00famero <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>\u00edas <span class=\"_ _15\"></span>pendientes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pago <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el<span class=\"_ _33\"> </span>importe total de los p<span class=\"_ _6\"></span>agos pendientes<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>Quedan <span class=\"_ _11\"></span>fuera <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>\u00e1mbito <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>informaci\u00f3n <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>obligaciones<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>pago <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>hayan <span class=\"_ _11\"></span>sido <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>retenci\u00f3n,<span class=\"_ _33\"> </span>saldos con<span class=\"_ _6\"></span> organismos p\u00fab<span class=\"_ _6\"></span>licos, y pagos domiciliados.<span class=\"_ _33\"> </span>Este d<span class=\"_ _6\"></span>esglose de <span class=\"_ _6\"></span>informaci\u00f3n<span class=\"_ _6\"></span> correspon<span class=\"_ _6\"></span>diente a <span class=\"_ _6\"></span>entidades <span class=\"_ _6\"></span>espa\u00f1o<span class=\"_ _6\"></span>las incluid<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>conjunto <span class=\"_ _6\"></span>consolida<span class=\"_ _6\"></span>ble<span class=\"_ _33\"> </span>una vez eliminados<span class=\"_ _6\"></span> los cr\u00e9ditos y<span class=\"_ _6\"></span> d\u00e9bitos rec\u00edprocos de las<span class=\"_ _6\"></span> empresas depend<span class=\"_ _6\"></span>ientes.<span class=\"_ _33\"> </span>27.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Activos financieros<span class=\"_ _33\"> </span></span></span>27.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Efectivo y otros<span class=\"_ _1\"></span> activos l\u00edq<span class=\"_ _e\"></span>uidos equivalentes<span class=\"_ _33\"> </span></span></span>El  ep\u00edgrafe <span class=\"_ _12\"> </span>\u201c<span class=\"ff4\">Efectivo<span class=\"ff3\">  </span></span>y  otros <span class=\"_ _1a\"> </span>activos  l\u00edquidos <span class=\"_ _12\"> </span>equ<span class=\"_ _6\"></span>ivalentes\u201d<span class=\"_ _6\"></span><span class=\"ff4\">  incluye  la<span class=\"_ _1\"></span>  tesorer\u00eda <span class=\"_ _12\"> </span>del  Grupo  y <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>ep\u00f3sitos<span class=\"_ _33\"> </span></span>bancarios a co<span class=\"_ _6\"></span>rto plazo con un v<span class=\"_ _6\"></span>encimiento inicial de tres meses o<span class=\"_ _6\"></span> un plazo<span class=\"_ _6\"></span> inferior<span class=\"_ _6\"></span>. El importe en <span class=\"_ _6\"></span>libros de<span class=\"_ _33\"> </span>estos activos<span class=\"_ _6\"></span> se aproxima a su valo<span class=\"_ _6\"></span>r razonable.<span class=\"_ _6\"></span> 27.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Otros activos f<span class=\"_ _1\"></span>inancieros<span class=\"_ _33\"> </span></span></span>El detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e este <span class=\"_ _1\"></span>ep\u00edgrafe del Estado de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera consolidado al <span class=\"_ _1\"></span>31 de <span class=\"_ _e\"></span>di<span class=\"_ _6\"></span>ciembre de <span class=\"_ _1\"></span>202<span class=\"_ _15\"></span>4 y <span class=\"_ _1\"></span>2023<span class=\"_ _33\"> </span>es el siguiente:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/2024<span class=\"_ _33\"> </span></span></span>31/12/2023<span class=\"_ _33\"> </span>Miles de Euros<span class=\"_ _33\"> </span>Corto PlazoLargo Plazo<span class=\"_ _33\"> </span>Corto PlazoLargo Plazo<span class=\"_ _33\"> </span>Valor de ajuste por desviaciones (Nota 29)              <span class=\"ls0_1\">-</span>           <span class=\"ls0_1\">22.837 </span>              <span class=\"ls0_1\">-</span>           <span class=\"ls0_1\">27.129 </span>Contrato de liquidez acci\u00f3n Ence (Nota 21.5)        <span class=\"ls0_1\">1.786 </span>               <span class=\"ls0_1\">-</span>           <span class=\"ls0_1\">1.039 </span>               <span class=\"ls0_1\">-</span>   Contraprestaci\u00f3n contingente (Nota 4)      <span class=\"ls0_1\">12.971 </span>          <span class=\"ls0_1\">6.965 </span>        <span class=\"ls0_1\">2.657 </span>        <span class=\"ls0_1\">16.518 </span>Cr\u00e9ditos por subarriendos de maquinaria              <span class=\"ls0_1\">-</span>             <span class=\"ls0_1\">6.606 </span>              <span class=\"ls0_1\">-</span>             <span class=\"ls0_1\">4.689 </span>Efectivo para cobertura de deuda financiera              <span class=\"ls0_1\">-</span>           <span class=\"ls0_1\">10.000 </span>              <span class=\"ls0_1\">-</span>           <span class=\"ls0_1\">10.000 </span>Dep\u00f3sitos, fianzas y otras cuentas por cobrar      <span class=\"ls0_1\">11.769 </span>          <span class=\"ls0_1\">4.001 </span>        <span class=\"ls0_1\">1.467 </span>          <span class=\"ls0_1\">2.938 </span>      <span class=\"ls9\">26.526 </span>        <span class=\"ls9\">50.409 </span>        <span class=\"ls9\">5.163 </span>        <span class=\"ls9\">61.274 </span>La cuenta \u201cEfectivo p<span class=\"_ _6\"></span>ara cobe<span class=\"_ _6\"></span>rturas de deud<span class=\"_ _6\"></span>a financiera\u201d in<span class=\"_ _6\"></span>cluye tesorer\u00eda destin<span class=\"_ _6\"></span>ada a cu<span class=\"_ _6\"></span>brir la obligaci\u00f3n<span class=\"_ _6\"></span>,<span class=\"_ _33\"> </span>establecida <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciaci\u00f3n d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Negocio <span class=\"_ _15\"></span>Energ\u00eda <span class=\"_ _15\"></span>Renovab<span class=\"_ _6\"></span>le, d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>mantener <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>efectivo <span class=\"_ _6\"></span>m\u00edn<span class=\"_ _6\"></span>imo <span class=\"_ _6\"></span>dispon<span class=\"_ _6\"></span>ible<span class=\"_ _33\"> </span>de 15 <span class=\"ff6\">millones \u20ac</span> <span class=\"_ _6\"></span><span class=\"ff6\">al 1/1/2025 q<span class=\"_ _6\"></span>ue se reducir\u00e1 a 10 millones <span class=\"_ _6\"></span>\u20ac a partir <span class=\"_ _6\"></span>del 1/7/2025.<span class=\"_ _33\"> </span></span><span class=\"ff6\"> </span>Con <span class=\"_ _e\"></span>fecha <span class=\"_ _1\"></span>20 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>2020, <span class=\"_ _e\"></span>Ence <span class=\"_ _1\"></span>Energ\u00eda <span class=\"_ _e\"></span>y Ce<span class=\"_ _1\"></span>lulosa, <span class=\"_ _e\"></span>S.A. <span class=\"_ _1\"></span>complet\u00f3 <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>venta <span class=\"_ _e\"></span>a la<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>entidad<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>Woodp<span class=\"_ _6\"></span>ecker<span class=\"_ _33\"> </span>Acquisitions <span class=\"_ _6\"></span>S.a.r.l, <span class=\"_ _6\"></span>controlada <span class=\"_ _6\"></span>por An<span class=\"_ _6\"></span>cala Partn<span class=\"_ _6\"></span>ers LLP, <span class=\"_ _6\"></span>de u<span class=\"_ _6\"></span>na p<span class=\"_ _6\"></span>articipaci\u00f3n <span class=\"_ _6\"></span>minoritaria d<span class=\"_ _6\"></span>el 49% d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>filial<span class=\"_ _33\"> </span>Magnon <span class=\"_ _11\"></span>Green <span class=\"_ _0\"></span>Energy, <span class=\"_ _11\"> </span>S.L., <span class=\"_ _11\"> </span>holding <span class=\"_ _11\"></span>del <span class=\"_ _11\"> </span>Negocio <span class=\"_ _11\"></span>Energ\u00eda <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>NCE. <span class=\"_ _11\"></span>Una <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>precio <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>la<span class=\"_ _33\"> </span>participaci\u00f3n por importe <span class=\"_ _1\"></span>de 134 m<span class=\"_ _1\"></span>illones \u20ac e<span class=\"_ _1\"></span>s variable en <span class=\"_ _e\"></span>f<span class=\"_ _6\"></span>unci\u00f3n del \u00e9<span class=\"_ _1\"></span>xito en el <span class=\"_ _e\"></span>desar<span class=\"_ _6\"></span>rollo de <span class=\"_ _1\"></span>la cartera de<span class=\"_ _33\"> </span>proyectos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>renovable <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>biomas<span class=\"_ _6\"></span>a, en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>r\u00f3ximos <span class=\"_ _6\"></span>8 <span class=\"_ _6\"></span>a\u00f1os. <span class=\"_ _15\"></span>ENCE <span class=\"_ _6\"></span>mantiene <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cobrar<span class=\"_ _33\"> </span>de <span class=\"_ _12\"> </span>18.59<span class=\"_ _6\"></span>5 <span class=\"_ _1a\"> </span><span class=\"ff6\">miles  \u20ac <span class=\"_ _11\"> </span>al  31 <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e  diciembre <span class=\"_ _12\"> </span>de  202</span>4  (17.160  <span class=\"ff6\">m<span class=\"_ _1\"></span>iles <span class=\"_ _12\"> </span>\u20ac  al <span class=\"_ _12\"> </span>31  de <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>iciembre  de <span class=\"_ _12\"> </span>202<span class=\"ff4\">3<span class=\"_ _6\"></span>), <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e<span class=\"_ _33\"> </span></span></span>corresponde <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>presente, <span class=\"_ _15\"></span>actualizad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>considerando <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>tas<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>descuento <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>coste <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>capital<span class=\"_ _33\"> </span>del negocio del 8,4%, que <span class=\"_ _1\"></span>se prev\u00e9 recuperar de dicho precio contingente a lo largo del <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>eriodo 2021<span class=\"_ _6\"></span>-<span class=\"lse\">2028<span class=\"ls37\">.<span class=\"_ _33\"> </span></span></span>Por otra parte, la <span class=\"_ _1\"></span>cuenta \u201cContraprestaci\u00f3n contingente\u201d incluye un importe a cobrar de <span class=\"ff4\">1.341 </span>m<span class=\"_ _1\"></span>iles \u20ac al 31<span class=\"_ _33\"> </span>de diciembre de 2024 (2.015 <span class=\"ff6\">miles \u20ac <span class=\"_ _1\"></span>al 31 de <span class=\"_ _1\"></span>diciembre de 202<span class=\"ff4\">3) que se corresponde con el valor actual del<span class=\"_ _33\"> </span></span></span>precio <span class=\"_ _e\"></span>contingent<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>surgi\u00f3 en <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>venta<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>2020 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>participa<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _e\"></span>del Grupo <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>En<span class=\"_ _6\"></span>ce <span class=\"_ _e\"></span>En<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _1\"></span>Termollano, S.A., sociedad titu<span class=\"_ _6\"></span>lar de una <span class=\"_ _6\"></span>instalaci\u00f3n d<span class=\"_ _6\"></span>e generaci\u00f3n de energ\u00eda termosolar.<span class=\"_ _15\"></span> La <span class=\"_ _18\"> </span>variaci\u00f3n <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>valor <span class=\"_ _18\"> </span>razonable <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>contraprestaci\u00f3n <span class=\"_ _18\"> </span>contin<span class=\"_ _6\"></span>gente, <span class=\"_ _18\"> </span>principal <span class=\"_ _18\"> </span>instrumento <span class=\"_ _18\"> </span>financier<span class=\"_ _6\"></span>o clasificado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Nivel <span class=\"_ _15\"></span>3 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _10\"></span>jerarqu\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonable, <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>supuesto<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>registro <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ingresos <span class=\"_ _0\"></span>financieros<span class=\"_ _6\"></span> asociados <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>actualiz<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _10\"></span>financiera <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>saldo <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>cobrar <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>1.556 <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _10\"></span>\u20ac <span class=\"_ _10\"></span>y </span>1.02<span class=\"ff6\">5 miles \u20ac, respectivam<span class=\"_ _6\"></span>ente (v\u00e9ase Nota 13).<span class=\"_ _33\"> </span></span>28.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Deuda financiera<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>La composici\u00f3n d<span class=\"_ _6\"></span>e la deuda financiera al <span class=\"_ _6\"></span>cierre d<span class=\"_ _6\"></span>e los ejercicios 2024 y<span class=\"_ _6\"></span> 2023 es la siguient<span class=\"_ _6\"></span>e:<span class=\"_ _33\"> </span> Pasivo no corriente<span class=\"_ _33\"> </span> Pasivo corriente<span class=\"_ _33\"> </span> Miles de Euros<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"ls0_1\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Obligaciones y otros valores negociables          <span class=\"ls0_1\">15.574 </span><span class=\"ls0_1\"> </span>78.697          <span class=\"ls0_1\">57.987 </span><span class=\"ls0_1\"> </span>53.047<span class=\"_ _33\"> </span> Deudas con entidades de cr\u00e9dito        <span class=\"ls0_1\">353.390 </span><span class=\"ls0_1\"> </span>287.658          <span class=\"ls0_1\">88.743 </span><span class=\"ls0_1\"> </span>118.063<span class=\"_ _33\"> </span> Otros pasivos financieros          <span class=\"ls0_1\">77.477 </span><span class=\"ls0_1\"> </span>73.876          <span class=\"ls0_1\">15.478 </span><span class=\"ls0_1\"> </span>13.844<span class=\"_ _33\"> </span> Total        <span class=\"ls9\">446.441 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>440.231<span class=\"ls0_1\"> </span>       <span class=\"ls9\">162.208 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>184.954<span class=\"_ _33\"> </span>28.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Deudas con en<span class=\"_ _1\"></span>tidades de cr\u00e9dito y<span class=\"_ _1\"></span> mercado de capita<span class=\"_ _e\"></span>les<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"> </span></span>La <span class=\"_ _1\"></span>composici\u00f3n de <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>deudas <span class=\"_ _e\"></span>con entidades <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>31 de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de 2024 y <span class=\"_ _e\"></span>2023, correspondientes<span class=\"_ _33\"> </span> a pr\u00e9stamos y<span class=\"_ _6\"></span> l\u00edneas de descuento, clas<span class=\"_ _6\"></span>ificadas de acuerdo<span class=\"_ _6\"></span> con sus<span class=\"_ _6\"></span> vencimientos, es la siguiente<span class=\"_ _15\"></span>:<span class=\"_ _33\"> </span> Vencimiento en el a\u00f1o<span class=\"_ _33\"> </span> 202<span class=\"ls0_1\">4<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Corto plazo<span class=\"_ _33\"> </span> Largo Plazo  Miles de Euros<span class=\"_ _33\"> </span> L\u00edmite<span class=\"_ _33\"> </span> Saldo<span class=\"_ _33\"> </span> Dispuesto<span class=\"_ _33\"> </span> 202<span class=\"ls0_1\">5<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span>202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span>202<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span>Siguientes<span class=\"_ _33\"> </span> Deuda financiera Negocio CELULOSA -<span class=\"_ _33\"> </span> Obligaciones emitidas<span class=\"_ _33\"> </span> 73.561 73.561 57.987 15.574<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 130.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 278.182 278.182 75.598 78.957 67.306 40.576 15.746<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (<span class=\"ls9\">616</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">261</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">184</span>)<span class=\"_ _33\"> </span> (1<span class=\"ls9\">06<span class=\"ls0_1\">)</span></span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>(<span class=\"ls9\">44</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">21</span>)<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.149<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2.149<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 481.743<span class=\"ls0_1\"> </span>353.276<span class=\"ls0_1\"> </span>135.473<span class=\"ls0_1\"> </span>94.347<span class=\"ls0_1\"> </span>67.200<span class=\"ls0_1\"> </span>40.532<span class=\"ls0_1\"> </span>15.725<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Deuda financiera Negocio RENOVABLES -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 20.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 167.647 167.552 11.968 11.968 11.288 15.572 116.756<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> - (5.228)<span class=\"_ _33\"> </span> (<span class=\"ls9\">804</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">791</span>)<span class=\"_ _33\"> </span> (791) (791) (2.051)<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 95<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>95<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 187.552<span class=\"ls0_1\"> </span>162.419<span class=\"ls0_1\"> </span>11.259<span class=\"ls0_1\"> </span>11.177<span class=\"ls0_1\"> </span>10.497<span class=\"ls0_1\"> </span>14.781<span class=\"ls0_1\"> </span>114.705<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>669.295<span class=\"ls0_1\"> </span>515.695<span class=\"ls0_1\"> </span>146.732<span class=\"ls0_1\"> </span>105.524<span class=\"ls0_1\"> </span>77.697<span class=\"ls0_1\"> </span>55.313<span class=\"ls0_1\"> </span>130.430<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Vencimiento en el a\u00f1o<span class=\"_ _33\"> </span> 2023<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Corto plazo<span class=\"_ _33\"> </span> Largo Plazo  Miles de Euros<span class=\"_ _33\"> </span> L\u00edmite<span class=\"_ _33\"> </span> Saldo<span class=\"_ _33\"> </span> Dispuesto<span class=\"_ _33\"> </span> 2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>Siguientes<span class=\"_ _33\"> </span> Deuda financiera Negocio CELULOSA -<span class=\"_ _33\"> </span> Obligaciones emitidas<span class=\"_ _33\"> </span> 53.047 53.047 53.047<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 130.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 390.500 360.500 82.444 75.610 78.829 67.301 56.316<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (902)<span class=\"_ _33\"> </span> (285)<span class=\"_ _33\"> </span> (261)<span class=\"_ _33\"> </span> (184) (106)<span class=\"_ _33\"> </span> (65)<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.303<span class=\"_ _33\"> </span> 2.303<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 573.547<span class=\"ls0_1\"> </span>414.948<span class=\"ls0_1\"> </span>137.509<span class=\"ls0_1\"> </span>75.349<span class=\"ls0_1\"> </span>78.645<span class=\"ls0_1\"> </span>67.195<span class=\"ls0_1\"> </span>56.251<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Deuda financiera Negocio RENOVABLES -<span class=\"_ _33\"> </span> Obligaciones emitidas<span class=\"_ _33\"> </span> 79.000 79.000<span class=\"_ _33\"> </span> - 79.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 20.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 43.983 43.983 33.733 10.250<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (515)<span class=\"_ _33\"> </span> (180)<span class=\"_ _33\"> </span> (335)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 48<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>48<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 142.983<span class=\"ls0_1\"> </span>122.516<span class=\"ls0_1\"> </span>33.601<span class=\"ls0_1\"> </span>88.915<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 716.530<span class=\"ls0_1\"> </span>537.464<span class=\"ls0_1\"> </span>171.110<span class=\"ls0_1\"> </span>164.264<span class=\"ls0_1\"> </span>78.645<span class=\"ls0_1\"> </span>67.195<span class=\"ls0_1\"> </span>56.251<span class=\"_ _33\"> </span>Cada uno de <span class=\"_ _e\"></span>los negocios del Grupo se <span class=\"_ _e\"></span>financia de forma <span class=\"_ _1\"></span>independiente del <span class=\"_ _1\"></span>otro. No hay re<span class=\"_ _1\"></span>curso o <span class=\"_ _1\"></span>garant\u00edas significativas entre a<span class=\"_ _6\"></span>mbos. Los <span class=\"_ _15\"></span>pago<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>intereses <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>revistos <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>futuro <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>ociados <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>\u201cDeudas <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>cr\u00e9dito <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>mercado <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> capitales\u201d <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>\u201cOtros <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"></span>financieros <span class=\"_ _11\"> </span>\u2013<span class=\"ff4\"> <span class=\"_ _11\"></span></span>financiaci\u00f3n <span class=\"_ _0\"></span>organ<span class=\"_ _6\"></span>ismos <span class=\"_ _11\"> </span>p\u00fablicos\u201d, <span class=\"_ _11\"></span>considerando <span class=\"_ _11\"></span>los <span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>iveles <span class=\"_ _11\"></span>de endeudamiento <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>inter\u00e9s <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>mercado <span class=\"_ _15\"></span>actuales<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>consid<span class=\"_ _6\"></span>erar <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>coberturas <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s contratadas<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituar\u00e1n <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>entorno <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0-12 <span class=\"_ _6\"></span><span class=\"ff6\">millone<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>\u20ac <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>Celulosa <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>entorno <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span></span>8-9 millones \u20ac en ENCE Renov<span class=\"_ _6\"></span>ables.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>El <span class=\"_ _1\"></span>coste <span class=\"_ _1\"></span>medio <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>la deuda <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>2024 <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>2023 ha <span class=\"_ _e\"></span>sido <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>4,7% y <span class=\"_ _e\"></span>4,64%, re<span class=\"_ _1\"></span>spectivamente. Por <span class=\"_ _e\"></span>negocios, ENCE <span class=\"_ _10\"></span>Celulosa <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>tenido <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>coste <span class=\"_ _10\"></span>medio <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>dichos <span class=\"_ _10\"></span>periodos <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>4,<span class=\"_ _6\"></span><span class=\"lse\">50</span>% <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>4,<span class=\"lse\">68</span>%, <span class=\"_ _10\"></span>respectivamente, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>EN<span class=\"_ _6\"></span>CE Renovables del 5,25% y<span class=\"_ _6\"></span> 4,51%<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> Al <span class=\"_ _10\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _0\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>empresas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>cumplen <span class=\"_ _0\"></span>\u00edntegramente <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>ob<span class=\"_ _6\"></span>ligaciones financieras <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cualquier <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>pudieran <span class=\"_ _6\"></span>dar <span class=\"_ _6\"></span>lu<span class=\"_ _6\"></span>gar al <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>ticipado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>s compro<span class=\"_ _6\"></span>misos financieros.  La <span class=\"_ _1e\"> </span>finan<span class=\"_ _6\"></span>ciaci\u00f3n <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>ENCE <span class=\"_ _17\"> </span>no <span class=\"_ _17\"> </span>est\u00e1 <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>ujeta <span class=\"_ _1e\"> </span>a <span class=\"_ _17\"> </span>ning\u00fan <span class=\"_ _17\"> </span>tipo <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>cl\u00e1usula <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>implique <span class=\"_ _17\"> </span>su <span class=\"_ _1e\"> </span>modificaci\u00f3n <span class=\"_ _17\"> </span>o renegociaci\u00f3n como cons<span class=\"_ _6\"></span>ecuencia de un<span class=\"_ _6\"></span>a variaci\u00f3n en la<span class=\"_ _6\"></span> calificaci\u00f3n crediticia<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _6\"></span></span> Endeuda<span class=\"_ _1\"></span>miento Negocio Celulosa<span class=\"_ _1\"></span> Obligaciones El <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>octubre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2023 <span class=\"_ _10\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _0\"></span>incorpor\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>programa <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pagar\u00e9s <span class=\"_ _0\"></span>sostenibl<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Mercado Alternativo de Renta Fija (MARF) con un <span class=\"_ _1\"></span>l\u00edmite m\u00e1ximo de 200 millones \u20ac y <span class=\"_ _1\"></span>vencimientos de hasta 24 meses<span class=\"_ _6\"></span><span class=\"ff4\"> </span>y un coste medio <span class=\"_ _6\"></span>en 2024 del <span class=\"_ _6\"></span>4,53%<span class=\"lsf\">. </span> L\u00ednea de cr\u00e9d<span class=\"_ _6\"></span>ito revolving ENCE <span class=\"_ _6\"></span>man<span class=\"_ _6\"></span>tiene <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>sindicato <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>ancos <span class=\"_ _15\"></span>nacionales <span class=\"_ _15\"></span>e <span class=\"_ _6\"></span>internacio<span class=\"_ _15\"></span>nales <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cr\u00e9dito <span class=\"_ _6\"></span>(revolv<span class=\"_ _6\"></span>ing credit <span class=\"_ _6\"></span>facility) <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span><span class=\"lse\">130 <span class=\"_ _6\"></span></span>mil<span class=\"_ _6\"></span>lones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>2026. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>sta <span class=\"_ _6\"></span>l\u00ednea <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>deveng<span class=\"_ _6\"></span>a un tipo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>inter\u00e9s<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>referenciado <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Euribor<span class=\"_ _6\"></span><span class=\"ls16\">. </span>El <span class=\"_ _e\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inter\u00e9s <span class=\"_ _e\"></span>estab<span class=\"_ _6\"></span>lecido <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>odr\u00e1 verse <span class=\"_ _e\"></span>modificado anualmente en <span class=\"_ _15\"></span>25 <span class=\"_ _10\"></span>pun<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>b\u00e1sicos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>funci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ostenibilidad <span class=\"_ _10\"></span>medioambi<span class=\"_ _6\"></span>ental <span class=\"_ _10\"></span>Sustainaly<span class=\"_ _6\"></span>tics <span class=\"_ _15\"></span>obtenid<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>por<span class=\"_ _33\"> </span>ENCE, <span class=\"_ _6\"></span>que eval\u00fa<span class=\"_ _6\"></span>a dicha <span class=\"_ _6\"></span>deuda como <span class=\"_ _6\"></span>\u201cfinanciaci\u00f3n <span class=\"_ _6\"></span>verde\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _6\"></span>Es<span class=\"_ _6\"></span>ta finan<span class=\"_ _6\"></span>ciaci\u00f3n est\u00e1<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>su totalidad <span class=\"_ _6\"></span>disponible </span>al 31 de diciembre de 20<span class=\"_ _6\"></span>24. Pr\u00e9stamos ENCE <span class=\"_ _6\"></span>mantiene <span class=\"_ _6\"></span>sus<span class=\"_ _6\"></span>critos <span class=\"_ _6\"></span>pr\u00e9stamos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>conjunto <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span><span class=\"lse\">278</span> <span class=\"_ _6\"></span><span class=\"ff6\">millones <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vencimientos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en</span>tre <span class=\"_ _6\"></span><span class=\"lse\">202</span>5<span class=\"_ _6\"></span> y <span class=\"ls0_1\">2030. <span class=\"_ _1\"></span>Una parte de los <span class=\"_ _1\"></span>pr\u00e9stamos con un nominal de 21,<span class=\"lse\">16</span> <span class=\"ff6\">millones \u20ac <span class=\"_ _1\"></span>devenga un tipo de inter\u00e9s <span class=\"_ _1\"></span>fijo en el<span class=\"_ _e\"></span> </span></span>rango <span class=\"_ _6\"></span>1,95%<span class=\"_ _6\"></span>-4,6%. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _6\"></span>resta<span class=\"_ _6\"></span>nte <span class=\"_ _6\"></span>devenga <span class=\"_ _15\"></span>interes<span class=\"_ _6\"></span>es, <span class=\"_ _15\"></span>principalmente <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>eferenciados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>Euribor <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n diferencial en el rango <span class=\"_ _6\"></span>1,35%-2,0%. El tipo d<span class=\"_ _6\"></span>e inter\u00e9s establecido en el 76% de los contra<span class=\"_ _6\"></span>tos suscritos<span class=\"_ _6\"></span> podr\u00e1 verse modificado a<span class=\"_ _6\"></span>nualmente en 25<span class=\"_ _6\"></span> puntos<span class=\"_ _6\"></span> b\u00e1sicos<span class=\"_ _6\"></span> en funci\u00f3n del ratin<span class=\"_ _6\"></span>g de so<span class=\"_ _6\"></span>stenibilidad<span class=\"_ _15\"></span> medioambi<span class=\"_ _6\"></span>ental Sustainalytics<span class=\"_ _6\"></span> obtenido por ENCE.<span class=\"_ _6\"></span> Al objeto de cubrir e<span class=\"_ _1\"></span>l riesgo derivado de <span class=\"_ _1\"></span>la contrataci\u00f3n de <span class=\"_ _1\"></span>esta financiaci\u00f3n a tipo de <span class=\"_ _1\"></span>inter\u00e9s variable, ENCE ha suscrito swaps de tipo de <span class=\"_ _1\"></span>inter\u00e9s que cubren el <span class=\"lse\">47</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"_ _1\"></span>variable, a un tipo fijo medio de 3,32% (v\u00e9as<span class=\"_ _6\"></span>e Nota <span class=\"_ _6\"></span><span class=\"lse\">30</span>).<span class=\"_ _33\"> </span>Financiaci\u00f3n Ne<span class=\"_ _1\"></span>gocio Ener<span class=\"_ _1\"></span>g\u00eda Renovable Financiaci\u00f3n corpo<span class=\"_ _6\"></span>rativa Con <span class=\"_ _6\"></span>fecha <span class=\"_ _15\"></span>11 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>julio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024, <span class=\"_ _6\"></span>Ma<span class=\"_ _6\"></span>gnon <span class=\"_ _6\"></span>Green <span class=\"_ _15\"></span>Energy, <span class=\"_ _15\"></span>S.L. <span class=\"_ _6\"></span>(<span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>elante <span class=\"_ _6\"></span>\u201cMA<span class=\"_ _6\"></span>GNON\u201d), <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>acord<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un sindicato formado<span class=\"_ _6\"></span> por 14 enti<span class=\"_ _6\"></span>dades u<span class=\"_ _6\"></span>n contrato<span class=\"_ _6\"></span> de pr\u00e9stamo por u<span class=\"_ _6\"></span>n importe d<span class=\"_ _6\"></span>e 170 mil<span class=\"_ _6\"></span>lones \u20ac y u<span class=\"_ _6\"></span>na l\u00ednea de cr\u00e9dito (RCF) por importe <span class=\"_ _6\"></span>de 20 millones<span class=\"_ _6\"></span> \u20ac<span class=\"ff4\">. Su<span class=\"_ _6\"></span> detalle al 31/12/2<span class=\"_ _6\"></span>024 es el sigui<span class=\"_ _6\"></span>ente: </span>Miles de Euros Tipo de  Disponible Dispuesto Vencimiento Inter\u00e9s Tramo 1\u00ba               <span class=\"ls0_1\">65.552  </span>              <span class=\"ls0_1\">65.552  </span>jul-<span class=\"ls9\">2031</span> 2,00%-2,75% (i) Tramo 2\u00ba               <span class=\"ls0_1\">72.000  </span>              <span class=\"ls0_1\">72.000  </span>ene<span class=\"ls0_1\">-2032 (ii) </span>3% (i) Tramo 3\u00ba               <span class=\"ls0_1\">30.000  </span>              <span class=\"ls0_1\">30.000  </span>ene<span class=\"ls0_1\">-2032 (ii) </span>5,82% Tramo 4\u00ba               <span class=\"ls0_1\">20.000  </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>jul-<span class=\"ls9\">2031</span> 1,25%-2,00% (i)             <span class=\"ls9\">187.552 <span class=\"ls0_1\"> </span></span>            <span class=\"ls9\">167.552 <span class=\"ls0_1\"> </span></span>(i)<span class=\"ff2 ls0_1\"> <span class=\"_ _29\"> </span><span class=\"ff4 fs1\">Euribor <span class=\"_ _1\"></span>6 <span class=\"_ _1\"></span>meses m\u00e1s <span class=\"_ _1\"></span>diferencial descrito. <span class=\"_ _e\"></span>En los tr<span class=\"_ _1\"></span>amos bancarios, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>tipo es <span class=\"_ _e\"></span>variable en funci\u00f3n <span class=\"_ _e\"></span>del ratio </span></span>de endeudamiento de las entidades que conforman el per\u00edmetro de la financiaci\u00f3n. (ii)<span class=\"ff2 ls0_1\"> <span class=\"_ _2a\"> </span><span class=\"ff4 fs1\">Vencimiento \u00edntegro (bullet) en la fecha indicad<span class=\"_ _1\"></span>a.<span class=\"_ _6\"></span> </span></span>Esta <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>incluye <span class=\"_ _10\"></span>como <span class=\"_ _15\"></span>principales <span class=\"_ _10\"></span>garant\u00edas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>renda <span class=\"_ _15\"></span>sobre <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>acciones <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>sociedades <span class=\"_ _15\"></span>Celulos<span class=\"_ _6\"></span>a Energ\u00eda <span class=\"_ _e\"></span>S.A.U., <span class=\"_ _1\"></span>Ence <span class=\"_ _1\"></span>Energ\u00eda <span class=\"_ _e\"></span>P<span class=\"_ _6\"></span>uertollano, S.L.U., <span class=\"_ _e\"></span>ENCE <span class=\"_ _1\"></span>Energ\u00eda Huelva, <span class=\"_ _e\"></span>S.L.U., <span class=\"_ _e\"></span>En<span class=\"_ _6\"></span>ce <span class=\"_ _e\"></span>Energ\u00eda Huelva <span class=\"_ _e\"></span>Dos <span class=\"_ _e\"></span>S.L.U.,<span class=\"_ _6\"></span> ENCE E<span class=\"_ _6\"></span>nerg\u00eda Ext<span class=\"_ _6\"></span>remadura, S.<span class=\"_ _6\"></span>L.U. y<span class=\"_ _6\"></span> Magnon <span class=\"_ _6\"></span>Biomas<span class=\"_ _6\"></span>a, S.L.,<span class=\"_ _6\"></span> sob<span class=\"_ _6\"></span>re sus<span class=\"_ _6\"></span> activos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>derechos d<span class=\"_ _6\"></span>e cobro, <span class=\"_ _6\"></span>actuales y futuros. Asimismo, <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>incluye <span class=\"_ _15\"></span>determinadas <span class=\"_ _15\"></span>obligaciones, <span class=\"_ _15\"></span>habituales <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span>; <span class=\"_ _6\"></span>el suministro <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinada <span class=\"_ _1c\"> </span>informaci\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>car\u00e1cter <span class=\"_ _1c\"> </span>operativ<span class=\"_ _6\"></span>o <span class=\"_ _1b\"> </span>y <span class=\"_ _1c\"> </span>financiera <span class=\"_ _19\"> </span><span class=\"ls35\">y <span class=\"_ _1c\"> </span></span>el <span class=\"_ _1b\"> </span>cumplimiento <span class=\"_ _1c\"> </span>d<span class=\"_ _6\"></span>e determinados <span class=\"_ _19\"> </span>ratios <span class=\"_ _1b\"> </span>econ\u00f3<span class=\"_ _6\"></span>micos <span class=\"_ _19\"> </span>de <span class=\"_ _1b\"> </span>solvencia <span class=\"_ _19\"> </span>y <span class=\"_ _1b\"> </span>rentab<span class=\"_ _6\"></span>ilidad. <span class=\"_ _19\"> </span>El <span class=\"_ _1b\"> </span>acuerdo <span class=\"_ _19\"> </span>contempla <span class=\"_ _1b\"> </span>asimismo <span class=\"_ _19\"> </span>el<span class=\"_ _33\"> </span>cumplimiento de determin<span class=\"_ _6\"></span>ados ratios<span class=\"_ _6\"></span> ligados al endeudamiento, la s<span class=\"_ _6\"></span>ituaci\u00f3n patrimonial y la<span class=\"_ _6\"></span> capacidad de generaci\u00f3n de caja del ne<span class=\"_ _6\"></span>gocio, p<span class=\"_ _6\"></span>ara poder llevar a cab<span class=\"_ _6\"></span>o el reparto de <span class=\"_ _6\"></span>divid<span class=\"_ _6\"></span>endos. El importe de los cos<span class=\"_ _6\"></span>tes de estructu<span class=\"_ _6\"></span>raci\u00f3n y otro<span class=\"_ _6\"></span>s gastos incurridos<span class=\"_ _6\"></span> en la obtenci\u00f3n d<span class=\"_ _6\"></span>e esta financiaci\u00f3n ha sido de 5,5 millones \u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>Al <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cubrir <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>derivado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>trataci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _0\"></span>variable, MAGNON <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>tar\u00e1 <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fase <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>c<span class=\"_ _6\"></span>ierre <span class=\"_ _6\"></span>cob<span class=\"_ _6\"></span>erturas <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s <span class=\"_ _15\"></span>(IRS) <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>dan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cob<span class=\"_ _6\"></span>ertura <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>70 <span class=\"_ _15\"></span>% de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>dispuesta. <span class=\"_ _6\"></span>Ad<span class=\"_ _6\"></span>icionalmente <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>han <span class=\"_ _15\"></span>cancelad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>IRS <span class=\"_ _6\"></span>contrata<span class=\"_ _6\"></span>dos <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>cobertura <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la financiaci\u00f3n previa (v<span class=\"_ _6\"></span>\u00e9ase Nota <span class=\"_ _6\"></span><span class=\"lse\">30<span class=\"ls19\">).</span></span> El <span class=\"_ _6\"></span>destino <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>ha <span class=\"_ _6\"></span>sido<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cancelar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>puesta <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>negocio <span class=\"_ _6\"></span>firmada <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>201<span class=\"_ _15\"></span>7 <span class=\"_ _6\"></span><span class=\"ls1c\">y </span>la <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>operacio<span class=\"_ _6\"></span>nes <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>necesidades <span class=\"_ _10\"></span>generales <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>MAGNON. <span class=\"_ _15\"></span>Ad<span class=\"_ _6\"></span>icionalment<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ha <span class=\"_ _15\"></span>permitido<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la distribuci\u00f3n de <span class=\"_ _e\"></span>25 mill<span class=\"_ _1\"></span>ones \u20ac <span class=\"_ _e\"></span>en compensaci\u00f3n <span class=\"_ _e\"></span>de los <span class=\"_ _e\"></span>pr\u00e9s<span class=\"_ _6\"></span>tamos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>uente <span class=\"_ _1\"></span>otorgados por <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>accionistas hasta que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>produjera <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>implementa<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>cambio <span class=\"_ _6\"></span>regulato<span class=\"_ _6\"></span>rio <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>sector <span class=\"_ _15\"></span>energ\u00e9tico <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>licable <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>plan<span class=\"_ _6\"></span>tas de MAGNON. Esta financiaci\u00f3<span class=\"_ _6\"></span>n cumple los requisitos para su reconocimiento como una nueva fi<span class=\"_ _6\"></span>nanciaci\u00f3n<span class=\"_ _6\"></span> y no como un<span class=\"_ _6\"></span>a modificaci\u00f3n de la financiaci\u00f3n<span class=\"_ _6\"></span> existente<span class=\"_ _6\"></span> previamente.<span class=\"_ _6\"></span><span class=\"ff3\"> </span>Financiaci\u00f3n cance<span class=\"_ _6\"></span>lada Pr\u00e9stamo <span class=\"_ _1a\"> </span>sindicado<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>importe  dispuesto  a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>fecha  de <span class=\"_ _12\"> </span>cancelaci\u00f3n  de <span class=\"_ _12\"> </span>31.616<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>mil<span class=\"_ _6\"></span>es  <span class=\"ff6\">\u20ac</span>, <span class=\"_ _12\"> </span>estructura<span class=\"_ _6\"></span>do inicialmente <span class=\"_ _11\"> </span>en<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>4 <span class=\"_ _11\"> </span>tra<span class=\"_ _6\"></span>mos, <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>n <span class=\"_ _11\"> </span><span class=\"ls11\">un <span class=\"_ _12\"> </span></span>disponible <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>momento <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>su<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>contrata<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>170 <span class=\"_ _11\"> </span>m<span class=\"_ _6\"></span>illones. <span class=\"_ _12\"> </span>Esta financiaci\u00f3n <span class=\"_ _0\"></span>presentab<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>30 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ap<span class=\"_ _6\"></span>roximadamente <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>80% <span class=\"_ _0\"></span>estaba<span class=\"_ _33\"> </span>contratada <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>variable <span class=\"_ _0\"></span>referenciado <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>Euribor <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>margen <span class=\"_ _10\"></span>situado <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _0\"></span>rango <span class=\"_ _0\"></span>1,25<span class=\"ls39\">% <span class=\"_ _0\"></span></span>- 3,25<span class=\"ls0_1\">% <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> el <span class=\"_ _e\"></span>20% restante <span class=\"_ _e\"></span>a un <span class=\"_ _1\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s anual <span class=\"_ _e\"></span>fijo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de 3,45%. <span class=\"_ _1\"></span>Las comisiones <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>agadas en <span class=\"_ _e\"></span>el ejercicio <span class=\"_ _e\"></span>20<span class=\"_ _6\"></span>17 </span>derivadas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>esta <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _11\"> </span>ascend<span class=\"_ _6\"></span>ieron <span class=\"_ _11\"> </span><span class=\"ls2f\">a <span class=\"_ _11\"></span></span>5.813 <span class=\"_ _0\"></span>miles <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Euro<span class=\"_ _6\"></span>s. <span class=\"_ _11\"></span><span class=\"ls12\">Est</span>a <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _11\"> </span>inclu\u00eda <span class=\"_ _0\"></span>gara<span class=\"_ _6\"></span>nt\u00edas <span class=\"_ _11\"> </span><span class=\"ls35\">y </span>obligaciones est\u00e1nd<span class=\"_ _6\"></span>ar de mercado y<span class=\"_ _6\"></span> similares a las exigidas<span class=\"_ _6\"></span> en financiaci\u00f3n actual<span class=\"_ _15\"></span>. Dos <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>bligaciones <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>fueron <span class=\"_ _15\"></span>sus<span class=\"_ _6\"></span>critas <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>varios <span class=\"_ _15\"></span>fondos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>importe <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>endiente <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>amortizar <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> la <span class=\"_ _e\"></span>fecha <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>canc<span class=\"_ _6\"></span>elaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>79.000 <span class=\"_ _1\"></span>miles <span class=\"_ _e\"></span>\u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stas <span class=\"_ _1\"></span>obligaciones <span class=\"_ _1\"></span>presentaban <span class=\"_ _1\"></span>su <span class=\"_ _e\"></span>vencimiento <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>30 <span class=\"_ _e\"></span>de diciembre </span>de 2025 y<span class=\"_ _6\"></span> devengab<span class=\"_ _6\"></span>a un<span class=\"_ _6\"></span> tipo <span class=\"_ _6\"></span>de in<span class=\"_ _6\"></span>ter\u00e9s fijo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>3,45% y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"fs1\">estaban <span class=\"_ _6\"></span>admitidas a co<span class=\"_ _6\"></span>tizaci\u00f3n en la<span class=\"_ _6\"></span> bolsa de valo<span class=\"_ _6\"></span>res de<span class=\"_ _6\"></span> </span>Frankfurt (Freiverkehr).<span class=\"_ _33\"> </span>28.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Otros pasivos<span class=\"_ _1\"></span> financieros </span></span>El <span class=\"_ _e\"></span>detalle <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>Financiera<span class=\"_ _6\"></span> Consolidado <span class=\"_ _e\"></span>al 31 <span class=\"_ _a\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>de 2024 <span class=\"_ _e\"></span>y 2023 es el siguiente: Vencimiento en el a\u00f1o Corto Plazo Largo Plazo  2024<span class=\"ls0_1\"> </span>Miles de euros Saldo Dispuesto 2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>2029<span class=\"ls0_1\"> </span>Siguientes Otros pasivos financieros Negocio CELULOSA - Financiaci\u00f3n organismos p\u00fablicos 34.407 8.459 8.019 6.279 6.371 3.891 1.3<span class=\"ls9\">88</span> Pasivos por derecho de uso (Nota 17) 52.803 5.251 4.780 4.657 3.509 2.932 31.674 87.210<span class=\"ls0_1\"> </span>13.710<span class=\"ls0_1\"> </span>12.799<span class=\"ls0_1\"> </span>10.936<span class=\"ls0_1\"> </span>9.880<span class=\"ls0_1\"> </span>6.823<span class=\"ls0_1\"> </span>33.062<span class=\"ls0_1\"> </span>Otros pasivos financieros Negocio RENOVABLES - Pasivos por derecho de uso (Nota 17) 5.744 1.768 1.628 1.107 786<span class=\"ls0_1\"> </span>410<span class=\"ls0_1\"> </span>45 5.744<span class=\"ls0_1\"> </span>1.768<span class=\"ls0_1\"> </span>1.628<span class=\"ls0_1\"> </span>1.107<span class=\"ls0_1\"> </span>786<span class=\"ls0_1\"> </span>410<span class=\"ls0_1\"> </span>45 92.954<span class=\"ls0_1\"> </span>15.478<span class=\"ls0_1\"> </span>14.427<span class=\"ls0_1\"> </span>12.043<span class=\"ls0_1\"> </span>10.666<span class=\"ls0_1\"> </span>7.233<span class=\"ls0_1\"> </span>33.10<span class=\"ls0_1\">7 </span>Vencimiento en el a\u00f1o Corto Plazo  Largo Plazo 2023<span class=\"ls0_1\"> </span>Miles de euros Saldo Dispuesto 2024<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>Siguientes Otros pasivos financieros Negocio CELULOSA - Financiaci\u00f3n organismos p\u00fablicos 42.885 8.737 8.130 8.161 6.305 6.316 5.236 Pasivos por derecho de uso (Nota 17) 42.003 4.005 3.791 3.128 2.667 1.570 26.842 84.888<span class=\"ls0_1\"> </span>12.742<span class=\"ls0_1\"> </span>11.921<span class=\"ls0_1\"> </span>11.289<span class=\"ls0_1\"> </span>8.972<span class=\"ls0_1\"> </span>7.886<span class=\"ls0_1\"> </span>32.078<span class=\"ls0_1\"> </span>Otros pasivos financieros Negocio RENOVABLES - Pasivos por derecho de uso (Nota 17) 2.832 1.102 665<span class=\"ls0_1\"> </span>516<span class=\"ls0_1\"> </span>320<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>2.832<span class=\"ls0_1\"> </span>1.102<span class=\"ls0_1\"> </span>665<span class=\"ls0_1\"> </span>516<span class=\"ls0_1\"> </span>320<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>87.720<span class=\"ls0_1\"> </span>13.844<span class=\"ls0_1\"> </span>12.586<span class=\"ls0_1\"> </span>11.805<span class=\"ls0_1\"> </span>9.292<span class=\"ls0_1\"> </span>8.038<span class=\"ls0_1\"> </span>32.155<span class=\"ls0_1\"> </span>La <span class=\"_ _11\"> </span>cuenta <span class=\"_ _12\"> </span>\u201cFinanciaci\u00f3n <span class=\"_ _12\"> </span>organ<span class=\"_ _6\"></span>ismos <span class=\"_ _11\"> </span>p\u00fa<span class=\"_ _6\"></span>blicos\u201d <span class=\"_ _11\"> </span>corres<span class=\"_ _6\"></span>ponde <span class=\"_ _11\"> </span>fundamental<span class=\"_ _6\"></span>mente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>r\u00e9stamos <span class=\"_ _12\"> </span>obtenidos, normalmente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>favorables, <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>financian <span class=\"_ _11\"> </span>proyectos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>amp<span class=\"_ _6\"></span>liaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>mejora <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>la<span class=\"_ _1\"></span> capacidad productiv<span class=\"_ _6\"></span>a de las <span class=\"_ _1\"></span>biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"_ _1\"></span>actividades de<span class=\"_ _33\"> </span>I+D+i en <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE. <span class=\"_ _6\"></span>Su <span class=\"_ _6\"></span>plazo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>amortizaci\u00f3n <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>10 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>con u<span class=\"_ _6\"></span>n period<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>carencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e 3 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>devengan un tipo de in<span class=\"_ _6\"></span>ter\u00e9s fijo que se sit\u00faa en el ra<span class=\"_ _6\"></span>ngo <span class=\"_ _6\"></span>0%-3,75<span class=\"ls39\">%.<span class=\"_ _33\"> </span></span>28.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Estado de flujos<span class=\"_ _1\"></span> de efectivo<span class=\"_ _1\"></span> (EFE) </span></span>Se <span class=\"_ _12\"> </span>muestra  a <span class=\"_ _12\"> </span>contin<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _12\"> </span>la  conciliaci\u00f3n <span class=\"_ _12\"> </span>entre  las<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>ariaciones <span class=\"_ _12\"> </span>en  el <span class=\"_ _12\"> </span>endeudamiento  financiero <span class=\"_ _12\"> </span>del  G<span class=\"_ _1\"></span>rupo (deudas <span class=\"_ _6\"></span>con entidades<span class=\"_ _6\"></span> de cr\u00e9dito <span class=\"_ _6\"></span>y mercado <span class=\"_ _6\"></span>de capita<span class=\"_ _6\"></span>les y otros <span class=\"_ _6\"></span>pasivos <span class=\"_ _6\"></span>financieros) y <span class=\"_ _6\"></span>los flujos <span class=\"_ _6\"></span>de financiaci\u00f3n recogidos en el <span class=\"ff6\">ep\u00edgrafe<span class=\"_ _1\"></span> \u201cCobros y pagos por <span class=\"_ _1\"></span>instrumentos de pasivo financiero\u201d del <span class=\"_ _1\"></span>Estado<span class=\"_ _6\"></span><span class=\"ff4\"> de Flujos de <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>fectivo </span></span>en 2024 y 2023:<span class=\"_ _6\"></span> Flujos de efe<span class=\"_ _1\"></span>ctivo Variaciones de de<span class=\"_ _1\"></span>uda sin <span class=\"_ _1\"></span>impacto en <span class=\"_ _1\"></span>EFE 2024<span class=\"ls0_1\"> </span>Saldo 1/1/2024 Emisiones <span class=\"_ _1\"></span>y disposicione<span class=\"_ _1\"></span>s (Netas de gastos) Reembolsos<span class=\"_ _1\"></span> / Cuotas pagadas Pago de intereses Devengo de intereses Devengo de costes de estructura<span class=\"_ _1\"></span>ci\u00f3n Variaciones por derecho<span class=\"_ _1\"></span>s de uso sobre<span class=\"_ _1\"></span> activos Actualiza<span class=\"_ _33\"> </span>ci\u00f3n financier<span class=\"_ _33\"> </span>a y otros Saldo 31/12/2024<span class=\"_ _1\"></span> Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio CELULOSA <span class=\"_ _1\"></span>- Obligacione<span class=\"_ _1\"></span>s y bonos 53.047 215.400 (193.800) (4.476) 3.390 - - - 73.561 Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios 359.598 - (82.317) - - 285<span class=\"ls0_1\"> </span>- - 277.566 Otros pasivo<span class=\"_ _1\"></span>s financie<span class=\"_ _1\"></span>ros 42.886 6.369 (8.545) - (75) - (6.259) 31<span class=\"ls0_1\"> </span>34.407 Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros 2.303 - - (16.941) 16.787 - - - 2.149 Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre activos 42.003 - (7.191) 2.294 - 15.700 - 52.806 499.837 221.769 (291.853) (21.417) 22.396 285<span class=\"ls0_1\"> </span>9.441 31<span class=\"ls0_1\"> </span>440.489 Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n (4.035) - - (372) - - - 1.380 (3.027) 495.802 221.769 (291.853) (21.789) 22.396 285<span class=\"ls0_1\"> </span>9.441 1.411 437.462 Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio RENOVA<span class=\"_ _1\"></span>BLES - Obligacione<span class=\"_ _1\"></span>s y bonos 78.697 - (79.000) - - 303<span class=\"ls0_1\"> </span>- - - Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios 43.771 166.464 (48.510) - - 599<span class=\"ls0_1\"> </span>- - 162.324 Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros 48<span class=\"ls0_1\"> </span>- - (5.932) 5.979 - - - 95<span class=\"ls0_1\"> </span>Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre activos 2.832 - (1.879) 141<span class=\"ls0_1\"> </span>- 4.650 - 5.744 125.348 166.464 (129.389) (5.932) 6.120 902<span class=\"ls0_1\"> </span>4.650 - 168.163 Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n 3.029 - - (3.866) - - - (1.424) (2.261) 128.377 166.464 (129.389) (9.798) 6.120 902<span class=\"ls0_1\"> </span>4.650 (1.424) 165.902 624.179 38<span class=\"ls0_1\">8.263 </span>(421.242) (31.587) 28.516 1.187 14.091 (13) 603.364<span class=\"_ _33\"> </span>Flujos de efe<span class=\"_ _1\"></span>ctivo Variaciones de de<span class=\"_ _1\"></span>uda sin <span class=\"_ _1\"></span>impacto en <span class=\"_ _1\"></span>EFE 202<span class=\"ls0_1\">3 </span>Saldo 1/1/2023 Emisiones <span class=\"_ _1\"></span>y disposicione<span class=\"_ _1\"></span>s (Netas de gastos) Reembolsos<span class=\"_ _1\"></span> / Cuotas pagadas Pago de intereses Devengo de intereses Devengo de costes de estructura<span class=\"_ _1\"></span>ci\u00f3n Variaciones por derecho<span class=\"_ _1\"></span>s de uso sobre<span class=\"_ _1\"></span> activos Actualizaci\u00f3n<span class=\"_ _e\"></span> financiera y otros Saldo 31/12/2023<span class=\"_ _1\"></span> Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio CELULO<span class=\"_ _1\"></span>SA - Obligacione<span class=\"_ _1\"></span>s y bonos 63.300 66.400 (76.300) - - - - (353) 53.047 Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios 94.461 272.339 (7.500) - - 298<span class=\"ls0_1\"> </span>- - 359.598 Otros pasivo<span class=\"_ _1\"></span>s financie<span class=\"_ _1\"></span>ros 49.973 858<span class=\"ls0_1\"> </span>(7.905) - (71) - - 31<span class=\"ls0_1\"> </span>42.886 Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros 1.186 - - (15.171) 16.289 - - - 2.304 Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre activ<span class=\"_ _1\"></span>os 37.603 - (5.953) 2.274 - 8.079 42.003 246.522 339.597 (97.658) (15.171) 18.492 298<span class=\"ls0_1\"> </span>8.079 (322) 499.837 Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n - - - 1.299 - - - (5.334) (4.035) 246.522 339.597 (97.658) (13.872) 18.492 298<span class=\"ls0_1\"> </span>8.079 (5.656) 495.802 Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio RENOVA<span class=\"_ _1\"></span>BLES - Obligacione<span class=\"_ _1\"></span>s y bonos 78.436 - - - - 261<span class=\"ls0_1\"> </span>- - 78.697 Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios 70.520 - (27.067) - - 318<span class=\"ls0_1\"> </span>- - 43.771 Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros 23<span class=\"ls0_1\"> </span>- - (9.742) 9.767 - - - 48<span class=\"ls0_1\"> </span>Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre acti<span class=\"_ _1\"></span>vos 1.697 - (1.429) 90<span class=\"ls0_1\"> </span>- 2.474 - 2.832 150.676 - (28.496) (9.742) 9.857 579<span class=\"ls0_1\"> </span>2.474 - 125.348 Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n 5.910 - - 2.867 - - - (5.748) 3.029 156.586 - (28.496) (6.875) 9.857 579<span class=\"ls0_1\"> </span>2.474 (5.748) 128.377 403.108 339.597 (126.154) (20.747) 28.349 877<span class=\"ls0_1\"> </span>10.553 (11.404) 624.179<span class=\"_ _33\"> </span>30.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Instrumentos financieros derivados </span></span>Siguiendo la pol\u00edtica d<span class=\"_ _6\"></span>e gesti\u00f3n d<span class=\"_ _6\"></span>e riesgos financieros d<span class=\"_ _6\"></span>escrita en la N<span class=\"_ _6\"></span>ota 5, el Grupo reali<span class=\"_ _6\"></span>za contrata<span class=\"_ _6\"></span>ciones de instrumentos fin<span class=\"_ _6\"></span>ancieros derivad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>principalmente para cub<span class=\"_ _6\"></span>rir sus riesgos<span class=\"_ _6\"></span> financieros.<span class=\"_ _6\"></span> El <span class=\"_ _1\"></span>detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>este ep\u00edgrafe <span class=\"_ _1\"></span>del Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _e\"></span>Consolidad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _e\"></span>de 202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023 que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>corresponde <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _15\"></span>financieros <span class=\"_ _15\"></span>derivados <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>esas <span class=\"_ _15\"></span>fechas, <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el siguiente<span class=\"ls24\">:<span class=\"_ _33\"> </span></span>Activo no<span class=\"_ _1\"></span> corriente Activo c<span class=\"_ _1\"></span>orriente Pasivo no c<span class=\"_ _1\"></span>orriente Pasivo cor<span class=\"_ _1\"></span>riente Miles de<span class=\"_ _1\"></span> Euros 31/<span class=\"ls2\">12</span>/2024 31/12/2023 31/<span class=\"ls2\">12</span>/2024 31/12/2023 31/<span class=\"ls2\">12</span>/2024 31/12/2023 31/<span class=\"ls2\">12</span>/2024 31/12/2023 Cobertura <span class=\"_ _1\"></span>de flujos de efec<span class=\"_ _1\"></span>tivo-    <span class=\"ls0_1\">IRSwap </span>-<span class=\"fs5\"> </span>1.283<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>1.718<span class=\"fs5\"> </span>4.029<span class=\"fs5\"> </span>3.441<span class=\"fs5\"> </span>1.260<span class=\"fs5\"> </span>593<span class=\"fs5 ls0_1\"> </span>   <span class=\"ls0_1\">Comisi\u00f3n est<span class=\"_ _1\"></span>ructuraci\u00f3<span class=\"_ _1\"></span>n IRSwap </span>-<span class=\"fs5\"> </span>27<span class=\"fs5 ls0_1\"> </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>   <span class=\"ls0_1\">Coberturas<span class=\"_ _1\"></span> de divisa </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>1.057<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>6.081<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>   <span class=\"ls0_1\">Coberturas<span class=\"_ _1\"></span> precio venta e<span class=\"_ _1\"></span>nerg\u00eda el\u00e9ctrica </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>-<span class=\"fs5\"> </span>633<span class=\"fs5 ls0_1\"> </span>-<span class=\"fs5\"> </span>Total -<span class=\"fs5\"> </span>1.310<span class=\"fs5 ls0_1\"> </span>-<span class=\"fs5\"> </span>2.775<span class=\"fs5 ls0_1\"> </span>4.029<span class=\"fs5 ls0_1\"> </span>3.441<span class=\"fs5 ls0_1\"> </span>7.974<span class=\"fs5 ls0_1\"> </span>593<span class=\"fs5 ls0_1\"> </span>El <span class=\"_ _e\"></span>importe <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>valor razonable <span class=\"_ _e\"></span>traspas<span class=\"_ _6\"></span>ado <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>resultado <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>ejercicio <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _1\"></span>financieros <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>erivados al 31 de diciembre de 20<span class=\"_ _6\"></span>24 y 2023 es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _6\"></span> Miles de Euros - Ingreso/(Gasto) 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/<span class=\"ls9\">12<span class=\"ls22\">/2023</span></span> Impacto en resultados de explotaci\u00f3n-    <span class=\"ls0_1\">Coberturas de divisa </span>          <span class=\"ls0_1\">(560)    </span>         <span class=\"ls0_1\">(378)    </span>   <span class=\"ls0_1\">Coberturas precio de la celulosa </span>              <span class=\"ls0_1\">(9)    </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>   <span class=\"ls0_1\">Coberturas precio venta energ\u00eda el\u00e9ctrica </span>       <span class=\"ls0_1\">(2.838)    </span>                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Subtotal        <span class=\"ls0_1\">(3.407)    </span>         <span class=\"ls0_1\">(378)    </span>Impacto en resultados financieros-    <span class=\"ls0_1\">IRSwap (Nota <span class=\"ls9\">13</span>) </span>  <span class=\"ls0_1\">5.416    </span>  <span class=\"ls0_1\">3.245    </span>Total   <span class=\"ls9\">2.009   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">2.867   <span class=\"ls0_1\"> </span></span>Todos <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>contratado<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>diciembre<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2023 califican como cobertu<span class=\"_ _6\"></span>ra contable.<span class=\"_ _6\"></span>  30.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Coberturas de di<span class=\"_ _1\"></span>visa </span></span>ENCE <span class=\"_ _10\"></span>cu<span class=\"_ _6\"></span>bre <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>fluctu<span class=\"_ _6\"></span>aciones <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>cambio <span class=\"_ _0\"></span>d\u00f3lar/eur<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>afectan <span class=\"_ _10\"></span>significativ<span class=\"_ _6\"></span>amente <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>precio <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> venta de <span class=\"_ _e\"></span>celulosa, con <span class=\"_ _e\"></span>t\u00faneles en <span class=\"_ _e\"></span>la m<span class=\"_ _1\"></span>odalidad asi\u00e1tica as\u00ed <span class=\"_ _e\"></span>como con <span class=\"_ _e\"></span>forwards<span class=\"_ _6\"></span>. <span class=\"_ _1\"></span>Su <span class=\"_ _1\"></span>detalle al <span class=\"_ _e\"></span>31 de <span class=\"_ _e\"></span>diciembre de 2024 es el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>Stricke Stricke Nocional T\u00faneles asi\u00e1ticos Subyacente Vencimiento Call Put (Mn. USD) EUR/USD 1\u00ba Trimestre 2025 1,063 1,096 84,9 EUR/USD 2\u00ba Trimestre 2025 1,070 1,101 61,1 EUR/USD 3\u00ba Trimestre 2025 1,072 1,101 72,9 EUR/USD 4\u00ba Trimestre 2025 1,058 1,084 37,6 256,5<span class=\"_ _33\"> </span>Stricke Nocional Forward Subyacente Vencimiento Price (Mn. USD) EUR/USD 1\u00ba Trimestre 2025 1,047 12,0 EUR/USD 2\u00ba Trimestre 2025 1,052 12,0 24,0<span class=\"_ _33\"> </span>Los contratos vigentes <span class=\"_ _e\"></span>al 31 d<span class=\"_ _1\"></span>e diciembre <span class=\"_ _1\"></span>de 2024 <span class=\"_ _e\"></span>cubren aproximadamente un <span class=\"lse\">50</span>% <span class=\"_ _1\"></span>y un <span class=\"lse\">40</span>% <span class=\"_ _e\"></span>de las ventas<span class=\"_ _1\"></span> de <span class=\"_ _15\"></span>celulos<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>previstas <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>primer <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>segund<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>emestre <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>5, <span class=\"_ _10\"></span>respectivamente. <span class=\"_ _10\"></span>Al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> 202<span class=\"ls0_1\">3, los contrato<span class=\"_ _6\"></span>s vigentes c<span class=\"_ _6\"></span>ubr\u00edan ap<span class=\"_ _6\"></span>roximadamente un <span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>7% y un 8<span class=\"_ _6\"></span>% de las<span class=\"_ _6\"></span> ventas<span class=\"_ _6\"></span> de celulosa <span class=\"_ _6\"></span>previstas </span>en el primer y segun<span class=\"_ _6\"></span>do semestre de 202<span class=\"_ _6\"></span>4, respectivamente.<span class=\"_ _6\"></span> Durante los ejercicios 202<span class=\"_ _6\"></span>4 y 2023 no s<span class=\"_ _6\"></span>e han prod<span class=\"_ _6\"></span>ucido ineficacias en los derivad<span class=\"_ _6\"></span>os sob<span class=\"_ _6\"></span>re tip<span class=\"_ _6\"></span>o de cambio  La sensibilidad del resultado de explotaci\u00f3n y del patrimonio a las apreciaciones o deprec<span class=\"_ _6\"></span>iaciones del d\u00f3lar frente <span class=\"_ _15\"></span>al<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>euro, <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>consecu<span class=\"_ _6\"></span>encia <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>efecto <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"></span>der<span class=\"_ _6\"></span>ivados <span class=\"_ _10\"></span>contra<span class=\"_ _6\"></span>tados <span class=\"_ _10\"></span>por ENCE a 31 de d<span class=\"_ _6\"></span>iciembre de 202<span class=\"_ _6\"></span>4, se detalla a con<span class=\"_ _6\"></span>tinuaci\u00f3n<span class=\"_ _6\"></span>:  Miles \u20ac<span class=\"ff3\"> </span>Variaci\u00f3n  Tipo Cambio US$/\u20ac<span class=\"ff3\"> </span>Resultado de explotaci\u00f3n  (-)/+ Efecto en patrimonio neto (-)/+ 2024<span class=\"ls0_1\"> </span>Depreciaci\u00f3n 5% 9.965 7.473 Apreciaci\u00f3n 5% (12.817) (9.613) 2023<span class=\"ls0_1\"> </span>Depreciaci\u00f3n 5% 2.865 2.148 Apreciaci\u00f3n 5% (2.669) (2.002)<span class=\"_ _33\"> </span>30.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Cobertura de venta<span class=\"_ _1\"></span> de energ\u00eda-  </span></span>La  compa\u00f1\u00eda <span class=\"_ _18\"> </span>trata  de  replicar <span class=\"_ _18\"> </span>la  f\u00f3rmula  de  ind<span class=\"_ _6\"></span>exaci\u00f3n <span class=\"_ _18\"> </span>del  pool  regulatorio  esta<span class=\"_ _6\"></span>blecida  en <span class=\"_ _18\"> </span>la  nueva regulaci\u00f3n publicada en 2024. Para ello durante el ejercicio 2024 el Grupo ha contratado Commodity Swaps sobre el <span class=\"_ _6\"></span>precio de <span class=\"_ _6\"></span>venta <span class=\"_ _6\"></span>de la<span class=\"_ _6\"></span> energ\u00eda <span class=\"_ _6\"></span>el\u00e9ctrica<span class=\"_ _6\"></span>-O<span class=\"_ _6\"></span>MEL. Se <span class=\"_ _6\"></span>detallan<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>continuaci\u00f3<span class=\"_ _6\"></span>n las<span class=\"_ _6\"></span> coberturas <span class=\"_ _6\"></span>vigentes <span class=\"_ _6\"></span>al 31 de diciembre de 2024:<span class=\"_ _6\"></span> Vencimiento Cantidad (MWh) Precio contratado (\u20ac/MWh)<span class=\"ff4\"> </span>1\u00ba Trimestre 2025 107.950 71,36 2\u00ba Trimestre 2025 45.864 73,13 3\u00ba Trimestre 2025 46.368 73,13 4\u00ba Trimestre 2025 46.389 73,13 Durante <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>han <span class=\"_ _15\"></span>pro<span class=\"_ _6\"></span>ducido <span class=\"_ _15\"></span>ineficacias <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>derivados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sob<span class=\"_ _6\"></span>re <span class=\"_ _10\"></span>precio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>venta de energ\u00eda<span class=\"lsf\">. </span> La <span class=\"_ _0\"></span>sensibilidad <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>resulta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>ariaciones <span class=\"_ _0\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>energ\u00eda, <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>consecuencia<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>efecto <span class=\"_ _0\"></span>en <span class=\"_ _11\"> </span>los instrumentos <span class=\"_ _17\"> </span>financieros <span class=\"_ _1e\"> </span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _1e\"> </span>contratados<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _1e\"> </span>ENCE <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>31 <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>202<span class=\"_ _15\"></span>4, <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>detalla <span class=\"_ _1e\"> </span>a continuaci\u00f3n:<span class=\"_ _33\"> </span>Miles \u20ac<span class=\"ff3\"> </span>Variaci\u00f3n  Precio venta energ\u00eda Resultado de explotaci\u00f3n  (-)/+ Efecto en patrimonio neto (-)/+ 2024<span class=\"ls0_1\"> </span>Aumento 5% (915) (687) Disminuci\u00f3n 5% 915<span class=\"ls0_1\"> </span>687<span class=\"_ _33\"> </span>30.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Interest Rate <span class=\"_ _1\"></span>Swap- </span></span>Los derivado<span class=\"_ _6\"></span>s sobre tipos d<span class=\"_ _6\"></span>e inter\u00e9s contratados p<span class=\"_ _6\"></span>or el Grupo y v<span class=\"_ _6\"></span>igentes al 31 de diciembre d<span class=\"_ _6\"></span>e 202<span class=\"_ _15\"></span>4 y 2023 son los siguientes<span class=\"_ _6\"></span>: Valor Nocional al cierre del:  Miles de Euros Razonable 2024<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>Resto 2024<span class=\"ls0_1\"> </span>Negocio celulosa (3.028) - 136.539 91.809 46.813 - - Negocio renovables (2.261) - 92.097 83.720 75.581 67.917 164.956 revisar<span class=\"ls9\">2023</span> Negocio celulosa (4.034) 154.325 136.539 91.809 46.813 - - Negocio renovables (*) 3.001 3.188 - - - - - (*) Saldo deudor.<span class=\"_ _33\"> </span>Durante los <span class=\"_ _6\"></span>ejercicios <span class=\"lse\">202</span>4 y 2023 <span class=\"_ _6\"></span>no se han<span class=\"_ _6\"></span> producido in<span class=\"_ _6\"></span>eficacias en los derivados s<span class=\"_ _6\"></span>obre tipos de inter\u00e9s. <span class=\"_ _15\"></span><span class=\"ff3 fc3\"> </span>La <span class=\"_ _6\"></span>sens<span class=\"_ _6\"></span>ibilidad <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>patrimonio <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>variacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _0\"></span>inter\u00e9s, <span class=\"_ _6\"></span>como<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>consecuencia <span class=\"_ _15\"></span>del<span class=\"_ _6\"></span> efecto <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _e\"></span>fin<span class=\"_ _6\"></span>ancieros <span class=\"_ _e\"></span>contra<span class=\"_ _6\"></span>tados <span class=\"_ _e\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _e\"></span>el <span class=\"_ _a\"></span>Gr<span class=\"_ _6\"></span>upo <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>di<span class=\"_ _6\"></span>ciembre <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _a\"></span>20<span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>2023, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>etalla a continuaci\u00f3n<span class=\"_ _6\"></span>: Miles \u20ac<span class=\"ff3\"> </span>Variaci\u00f3n  Tipo Inter\u00e9s Efecto en coste financiero  (-)/+ Efecto en patrimonio neto (-)/+ 2024<span class=\"ls0_1\"> </span>Aumento 50 pb 606<span class=\"ls0_1\"> </span>(1.481) Disminuci\u00f3n 50 pb (606) (6.768) 2023<span class=\"ls0_1\"> </span>Aumento 50 pb 518<span class=\"ls0_1\"> </span>1.952 Disminuci\u00f3n 50 pb (518) (1.972)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "25.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Deudores comerciales y otras cuentas a cobrar  </span></span>La <span class=\"_ _11\"> </span>composici\u00f3n <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>ep\u00edgrafe <span class=\"_ _11\"> </span>\u201cDeud<span class=\"_ _6\"></span>ores <span class=\"_ _11\"> </span>comerciales <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>otras<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>cuentas <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>cobrar\u201d <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>activo <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>Estad<span class=\"_ _6\"></span>o <span class=\"_ _11\"></span>de Situaci\u00f3n Financiera con<span class=\"_ _6\"></span>solidado a<span class=\"_ _6\"></span>l cierre de los ejercicios 2<span class=\"_ _6\"></span>02<span class=\"_ _6\"></span>4 y 2023 es la siguient<span class=\"_ _6\"></span>e<span class=\"ls24\">: </span> Miles de Euros 31/12/2024<span class=\"ls0_1\"> </span>31/12/2023<span class=\"ls0_1\"> </span>Clientes por ventas-    <span class=\"ls0_1\">Celulosa </span>  <span class=\"ls0_1\">16.370    </span>  <span class=\"ls0_1\">28.009    </span>   <span class=\"ls0_1\">Energ\u00eda </span>  <span class=\"ls0_1\">27.946    </span>  <span class=\"ls0_1\">3.373    </span>   <span class=\"ls0_1\">Otros conceptos </span>  <span class=\"ls0_1\">4.715    </span>  <span class=\"ls0_1\">3.058    </span>Empresas del grupo y vinculadas, deudores (Nota <span class=\"ls9\">34</span>)   <span class=\"ls0_1\">1.128    </span>  <span class=\"ls0_1\">1.767    </span>Deudores varios   <span class=\"ls0_1\">5.715    </span>  <span class=\"ls0_1\">4.585    </span>Deterioro de valor       <span class=\"ls0_1\">(4.990)    </span>      <span class=\"ls0_1\">(4.050)    </span>  <span class=\"ls9\">50.884   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">36.742   <span class=\"ls0_1\"> </span></span>El per\u00edodo <span class=\"_ _1\"></span>de cr\u00e9dito <span class=\"_ _1\"></span>para la <span class=\"_ _1\"></span>venta de pasta <span class=\"_ _1\"></span>de celulosa se <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>it\u00faa en media entre <span class=\"_ _1\"></span>54 y <span class=\"_ _e\"></span>5<span class=\"_ _6\"></span>8 d\u00edas. En la <span class=\"_ _e\"></span>evo<span class=\"_ _6\"></span>luci\u00f3n de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>aldos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cobrar <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>v<span class=\"_ _6\"></span>entas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _15\"></span>renovable <span class=\"_ _15\"></span>debe <span class=\"_ _6\"></span>considerars<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>los <span class=\"_ _15\"></span>saldos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cobrar <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>Pool presentan <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>periodo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>cob<span class=\"_ _6\"></span>ro <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>aproximadam<span class=\"_ _6\"></span>ente <span class=\"_ _10\"></span>10 <span class=\"_ _10\"></span>d\u00edas <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>saldos <span class=\"_ _10\"></span>pendientes<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>cobro <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>CNMC<span class=\"_ _6\"></span> presentan <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>eriodo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cobro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>aprox<span class=\"_ _6\"></span>imada<span class=\"_ _6\"></span>mente <span class=\"_ _6\"></span>60 <span class=\"_ _6\"></span>d\u00edas<span class=\"_ _6\"></span>. <span class=\"_ _6\"></span>El <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>razo<span class=\"_ _6\"></span>nable <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esto<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>saldos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>difiere de forma significativa <span class=\"_ _6\"></span>de su v<span class=\"_ _6\"></span>alor en libros.<span class=\"_ _6\"></span> La cuenta <span class=\"_ _1\"></span>\u201cDeterioro de <span class=\"_ _e\"></span>valor\u201d<span class=\"_ _6\"></span> ha <span class=\"_ _e\"></span>ten<span class=\"_ _6\"></span>ido <span class=\"_ _1\"></span>dotaciones en e<span class=\"_ _1\"></span>l ej<span class=\"_ _1\"></span>ercicio <span class=\"_ _1\"></span>con cargo <span class=\"_ _1\"></span>a la <span class=\"_ _e\"></span>cuenta<span class=\"_ _6\"></span> \u201c<span class=\"_ _1\"></span>deterioro de <span class=\"_ _e\"></span>valo<span class=\"_ _6\"></span>r sobre activ<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>financieros\u201d <span class=\"_ _6\"></span>del Esta<span class=\"_ _6\"></span>do d<span class=\"_ _6\"></span>e Resultado <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe de <span class=\"_ _15\"></span><span class=\"ff4 lse\">963<span class=\"ls0_1\"> <span class=\"_ _6\"></span></span></span>miles <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>y aplicacio<span class=\"_ _6\"></span>nes <span class=\"_ _6\"></span>a s<span class=\"_ _6\"></span>u finalid<span class=\"_ _6\"></span>ad y otros mov<span class=\"_ _6\"></span>imientos por importe de <span class=\"_ _6\"></span><span class=\"lse\">23</span> miles <span class=\"ff6\">\u20ac</span>.<span class=\"_ _6\"></span> 25.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Factoring  </span></span>El <span class=\"_ _10\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>tiene <span class=\"_ _10\"></span>formalizados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>tratos <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>facto<span class=\"_ _6\"></span>ring <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>in <span class=\"_ _10\"></span>recurs<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _10\"></span>No<span class=\"_ _6\"></span>ta <span class=\"_ _10\"></span>3.7), <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>siguiente<span class=\"_ _6\"></span> detalle: 202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Mn \u20ac<span class=\"ff4\"> </span>L\u00edmite disponible Saldo Dispuesto L\u00edmite disponible Saldo Dispuesto Neg. Celulosa 119.000 85.977 94.000 83.900 Neg. Renovables 43.400 - 33.400 4.455 162.400<span class=\"ls0_1\"> </span>85.977<span class=\"ls0_1\"> </span>127.400<span class=\"ls0_1\"> </span>88.355<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gs3ba\"><div class=\"t_1 m0_1 x1f h8 ya15 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y559 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El coste financiero<span class=\"_ _6\"></span> asociado a<span class=\"_ _6\"></span> los cr\u00e9ditos v<span class=\"_ _6\"></span>endidos s<span class=\"_ _6\"></span>e establece en e<span class=\"_ _6\"></span>l Euribor a 3 <span class=\"_ _6\"></span>meses <span class=\"_ _6\"></span>m\u00e1s un diferencial<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 ya16 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"_ _0\"></span>el <span class=\"_ _11\"> </span>entorno <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>1,10%<span class=\"lsf\">. <span class=\"_ _0\"></span></span>Los <span class=\"_ _11\"> </span>saldos <span class=\"_ _11\"> </span>comerciales <span class=\"_ _0\"></span>no<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>factorizados <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>2024 <span class=\"_ _11\"> </span>se <span class=\"_ _11\"></span>prev\u00e9n </div><div class=\"t_1 m0_1 x1f h8 ya17 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">recuperar mediante su<span class=\"_ _6\"></span> cobro al deud<span class=\"_ _6\"></span>or, y no mediante su<span class=\"_ _6\"></span> venta<span class=\"_ _6\"></span>. </div><div class=\"t_1 m0_1 x1f h8 ya18 ff4 fs4 fc3 sc0_1 ls0_1 ws0_1\"> </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "26.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Acreedores comerciales y otras cuentas a pagar </span></span>La <span class=\"_ _0\"></span>composici\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ep\u00ed<span class=\"_ _6\"></span>grafe <span class=\"_ _0\"></span>\u201cAcreedores <span class=\"_ _0\"></span>come<span class=\"_ _6\"></span>rciales <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ot<span class=\"_ _6\"></span>ras <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>a <span class=\"_ _11\"></span>pagar\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>pasivo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Estad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>de Situaci\u00f3n Financiera con<span class=\"_ _6\"></span>solidado a<span class=\"_ _6\"></span>l cierre de los ejercicios 2<span class=\"_ _6\"></span>02<span class=\"_ _6\"></span>4 y 2023 es la siguient<span class=\"_ _6\"></span>e: Miles de Euros  31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"ls0_1\"> </span>Acreedores comerciales y otras cuentas a pagar 180.865 186.556 Empresas del grupo y vinculadas, acreedores (Nota <span class=\"ls9\">34</span>) 1.821 1.094 Proveedores de inmovilizado 23.263 27.366 Remuneraciones pendientes de pago 11.905 8.998 217.854<span class=\"ls0_1\"> </span>224.014<span class=\"ls0_1\"> </span>26.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Confirming </span></span>El Grupo tiene formalizado co<span class=\"_ _6\"></span>ntrato<span class=\"_ _6\"></span>s de confirming sin recurs<span class=\"_ _6\"></span>o, de acuerdo a<span class=\"_ _6\"></span>l siguiente detalle:<span class=\"_ _6\"></span> 202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Mn \u20ac<span class=\"ff4\"> </span>L\u00edmite disponible Saldo Dispuesto L\u00edmite disponible Saldo Dispuesto Neg. Celulosa 134.500 59.745 134.500 58.955 Neg. Renovables 49.000 23.441 47.000 19.807 183.500<span class=\"ls0_1\"> </span>83.186<span class=\"ls0_1\"> </span>181.500<span class=\"ls0_1\"> </span>78.762<span class=\"ls0_1\"> </span>Los <span class=\"_ _10\"></span>saldos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>erivados <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>tilizaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>l\u00edneas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>confi<span class=\"_ _6\"></span>rming <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>clasifican <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>deu<span class=\"_ _6\"></span>da <span class=\"_ _10\"></span>comercial. <span class=\"_ _10\"></span>Las<span class=\"_ _6\"></span> l\u00edneas <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span>firming <span class=\"_ _10\"></span>contra<span class=\"_ _6\"></span>tadas <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>no <span class=\"_ _0\"></span>contemplan <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>esta<span class=\"_ _6\"></span>blecimiento <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>garant\u00edas,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>alteran<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>el<span class=\"_ _33\"> </span>periodo <span class=\"_ _12\"> </span>medio <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>pago <span class=\"_ _12\"> </span>a<span class=\"_ _6\"></span>cord<span class=\"_ _6\"></span>ado <span class=\"_ _12\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>los <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>roveed<span class=\"_ _6\"></span>ores <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>no<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>devengan  coste <span class=\"_ _11\"> </span>financie<span class=\"_ _6\"></span>ro <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>fav<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las<span class=\"_ _33\"> </span>entidades financieras o<span class=\"_ _6\"></span>torgantes d<span class=\"_ _6\"></span>e las l\u00edneas.<span class=\"_ _33\"> </span>26.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Informaci\u00f3n sob<span class=\"_ _1\"></span>re el Periodo<span class=\"_ _1\"></span> Medio de Pago a p<span class=\"_ _1\"></span>roveedores<span class=\"_ _33\"> </span></span></span>La informaci\u00f3n sob<span class=\"_ _6\"></span>re el perio<span class=\"_ _6\"></span>do medio de pago s<span class=\"_ _6\"></span>e ha <span class=\"_ _6\"></span>elaborado<span class=\"_ _6\"></span> de acuerdo a la L<span class=\"_ _6\"></span>ey 15/2010, p<span class=\"_ _6\"></span>or la <span class=\"_ _15\"></span>que se<span class=\"_ _33\"> </span>establecen  medidas  de <span class=\"_ _12\"> </span>luch<span class=\"_ _6\"></span>a<span class=\"_ _6\"></span>  contra  la <span class=\"_ _12\"> </span>morosidad<span class=\"_ _6\"></span>  de <span class=\"_ _12\"> </span>la<span class=\"_ _6\"></span>s  operaciones  comerciales,  las <span class=\"_ _12\"> </span>modificacion<span class=\"_ _6\"></span>es<span class=\"_ _33\"> </span>establecidas <span class=\"_ _1\"></span>en <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Ley <span class=\"_ _e\"></span>18/2022, <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>28 <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>septiembre, <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>creaci\u00f3n <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>crecimiento <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>empresas<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span> <span class=\"_ _e\"></span>la Dis<span class=\"_ _1\"></span>posici\u00f3n<span class=\"_ _33\"> </span>final <span class=\"_ _0\"></span>segunda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>31/2<span class=\"_ _6\"></span>014, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>3 <span class=\"_ _0\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>diciembre, <span class=\"_ _0\"></span>que<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>ido <span class=\"_ _0\"></span>preparada <span class=\"_ _11\"></span>aplicando <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Resoluci\u00f3n <span class=\"_ _0\"></span>del<span class=\"_ _33\"> </span>Instituto d<span class=\"_ _6\"></span>e Contabilidad y Auditor\u00eda d<span class=\"_ _6\"></span>e Cuentas de fecha 2<span class=\"_ _6\"></span>9 de enero de 2016. El periodo medio de p<span class=\"_ _6\"></span>ago es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _33\"> </span>D\u00edas<span class=\"_ _33\"> </span>2024<span class=\"_ _33\"> </span>2023<span class=\"_ _33\"> </span>Periodo Medio de pago a proveedores (D\u00edas)<span class=\"_ _33\"> </span>57<span class=\"_ _33\"> </span>63<span class=\"_ _33\"> </span>Ratio de operaciones pagadas (D\u00edas)<span class=\"_ _33\"> </span>59<span class=\"_ _33\"> </span>65<span class=\"_ _33\"> </span>Ratio de operaciones pendientes (D\u00edas)<span class=\"_ _33\"> </span>46<span class=\"_ _33\"> </span>45<span class=\"_ _33\"> </span>Miles de Euros<span class=\"_ _33\"> </span>Total pagos realizados<span class=\"_ _33\"> </span>750.443 874.664<span class=\"_ _33\"> </span>Total pagos pendientes<span class=\"_ _33\"> </span>114.366122.319<span class=\"_ _33\"> </span>Se <span class=\"_ _e\"></span>detallan <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>contin<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>facturas <span class=\"_ _1\"></span>pagadas <span class=\"_ _e\"></span>en un <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>eriodo <span class=\"_ _e\"></span>inferior <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>m\u00e1ximo <span class=\"_ _1\"></span>establecid<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>normativ<span class=\"_ _6\"></span>a<span class=\"_ _33\"> </span> de morosidad:<span class=\"_ _33\"> </span> 202<span class=\"ls0_1\">4<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>202<span class=\"ls0_1\">3<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Miles de euros<span class=\"_ _33\"> </span> Importe<span class=\"_ _33\"> </span> %<span class=\"_ _33\"> </span> Importe<span class=\"_ _33\"> </span> %<span class=\"_ _33\"> </span> Pagos realizados  478.233  64%<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>449.934  51%<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>N\u00ba facturas pagadas<span class=\"_ _33\"> </span> 41.531<span class=\"_ _33\"> </span> 66<span class=\"ls0_1\">%<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>35.127<span class=\"_ _33\"> </span> 53%<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Las especificaciones con q<span class=\"_ _6\"></span>ue se ha <span class=\"_ _6\"></span>elaborado d<span class=\"_ _6\"></span>icha informaci\u00f3n s<span class=\"_ _6\"></span>on las siguientes:<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Se <span class=\"_ _e\"></span>entender\u00e1 <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _e\"></span>\u201cPeriodo<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>medio <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>pago <span class=\"_ _e\"></span>a <span class=\"_ _1\"></span>proveedores\u201d <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>plazo que<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>trans<span class=\"_ _6\"></span>curre <span class=\"_ _e\"></span>desde <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>entrega <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>bienes<span class=\"_ _33\"> </span> o <span class=\"_ _1\"></span>prestaci\u00f3n de <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>ervicios <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cargo <span class=\"_ _e\"></span>del proveedor <span class=\"_ _e\"></span>has<span class=\"_ _6\"></span>ta <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>pago de <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>operaci\u00f3n. Dicho <span class=\"_ _e\"></span>periodo <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>calcula <span class=\"_ _1\"></span>como<span class=\"_ _33\"> </span> el <span class=\"_ _6\"></span>coci<span class=\"_ _6\"></span>ente <span class=\"_ _15\"></span>formado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>numerador <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>e<span class=\"_ _6\"></span>l <span class=\"_ _15\"></span>su<span class=\"_ _6\"></span>matorio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>ratio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>operacion<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>pagadas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>importe<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> total de <span class=\"_ _6\"></span>los pago<span class=\"_ _6\"></span>s realizados m\u00e1s<span class=\"_ _6\"></span> la <span class=\"_ _6\"></span>ratio <span class=\"_ _6\"></span>de operaciones <span class=\"_ _6\"></span>pendientes d<span class=\"_ _6\"></span>e pago <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el importe total <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>agos<span class=\"_ _33\"> </span> pendientes y, en el d<span class=\"_ _6\"></span>enominador, por <span class=\"_ _6\"></span>el importe total de pagos<span class=\"_ _6\"></span> realizados y los p<span class=\"_ _6\"></span>agos p<span class=\"_ _15\"></span>endientes.<span class=\"_ _33\"> </span> Ratio de operacion<span class=\"_ _6\"></span>es pagadas<span class=\"_ _6\"></span>: importe en d<span class=\"_ _6\"></span>\u00edas resu<span class=\"_ _6\"></span>ltante del cociente <span class=\"_ _6\"></span>entre el su<span class=\"_ _6\"></span>matorio de los<span class=\"_ _6\"></span> producto<span class=\"_ _6\"></span>s<span class=\"_ _33\"> </span> del importe de <span class=\"_ _1\"></span>cada una de la<span class=\"_ _1\"></span>s operaciones pagadas por el <span class=\"_ _e\"></span>n\u00fa<span class=\"_ _6\"></span>mero de d\u00edas de <span class=\"_ _e\"></span>pago y el importe total de los<span class=\"_ _33\"> </span> pagos realizados<span class=\"_ _6\"></span> en el ejercicio.<span class=\"_ _33\"> </span> Ratio de operaciones pendientes de pago: im<span class=\"_ _1\"></span>porte en d\u00edas r<span class=\"_ _1\"></span>esultante del cociente e<span class=\"_ _1\"></span>ntre el sumatorio de los<span class=\"_ _33\"> </span> productos <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>importe <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>operaci\u00f3n <span class=\"_ _15\"></span>pendiente <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pago<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>n\u00famero <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>\u00edas <span class=\"_ _15\"></span>pendientes <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>pago <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> importe total de los p<span class=\"_ _6\"></span>agos pendientes<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span> Quedan <span class=\"_ _11\"></span>fuera <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>\u00e1mbito <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>informaci\u00f3n <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>obligaciones<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>pago <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>hayan <span class=\"_ _11\"></span>sido <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>retenci\u00f3n,<span class=\"_ _33\"> </span> saldos con<span class=\"_ _6\"></span> organismos p\u00fab<span class=\"_ _6\"></span>licos, y pagos domiciliados.<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Este d<span class=\"_ _6\"></span>esglose de <span class=\"_ _6\"></span>informaci\u00f3n<span class=\"_ _6\"></span> correspon<span class=\"_ _6\"></span>diente a <span class=\"_ _6\"></span>entidades <span class=\"_ _6\"></span>espa\u00f1o<span class=\"_ _6\"></span>las incluid<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>conjunto <span class=\"_ _6\"></span>consolida<span class=\"_ _6\"></span>ble<span class=\"_ _33\"> </span> una vez eliminados<span class=\"_ _6\"></span> los cr\u00e9ditos y<span class=\"_ _6\"></span> d\u00e9bitos rec\u00edprocos de las<span class=\"_ _6\"></span> empresas depend<span class=\"_ _6\"></span>ientes.<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "27.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Activos financieros<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>27.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Efectivo y otros<span class=\"_ _1\"></span> activos l\u00edq<span class=\"_ _e\"></span>uidos equivalentes<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"> </span></span>El  ep\u00edgrafe <span class=\"_ _12\"> </span>\u201c<span class=\"ff4\">Efectivo<span class=\"ff3\">  </span></span>y  otros <span class=\"_ _1a\"> </span>activos  l\u00edquidos <span class=\"_ _12\"> </span>equ<span class=\"_ _6\"></span>ivalentes\u201d<span class=\"_ _6\"></span><span class=\"ff4\">  incluye  la<span class=\"_ _1\"></span>  tesorer\u00eda <span class=\"_ _12\"> </span>del  Grupo  y <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>ep\u00f3sitos<span class=\"_ _33\"> </span></span><span class=\"ff4\"> </span>bancarios a co<span class=\"_ _6\"></span>rto plazo con un v<span class=\"_ _6\"></span>encimiento inicial de tres meses o<span class=\"_ _6\"></span> un plazo<span class=\"_ _6\"></span> inferior<span class=\"_ _6\"></span>. El importe en <span class=\"_ _6\"></span>libros de<span class=\"_ _33\"> </span> estos activos<span class=\"_ _6\"></span> se aproxima a su valo<span class=\"_ _6\"></span>r razonable.<span class=\"_ _6\"></span>  27.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Otros activos f<span class=\"_ _1\"></span>inancieros<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"> </span></span>El detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e este <span class=\"_ _1\"></span>ep\u00edgrafe del Estado de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera consolidado al <span class=\"_ _1\"></span>31 de <span class=\"_ _e\"></span>di<span class=\"_ _6\"></span>ciembre de <span class=\"_ _1\"></span>202<span class=\"_ _15\"></span>4 y <span class=\"_ _1\"></span>2023<span class=\"_ _33\"> </span> es el siguiente:<span class=\"_ _33\"> </span><div class=\"c_1 w186 h56 gs3bc\"><div class=\"t_1 m0_1 x13 h1f y53f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12<span class=\"ls22\">/2024<span class=\"_ _33\"> </span></span></span> </div></div><div class=\"c_1 w188 h56 gs3bd\"><div class=\"t_1 m0_1 x13 h1f y53f ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">31/12/2023<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w5d h26 gs3be\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w189 h26 gs3bf\"><div class=\"t_1 m0_1 x44 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo </div></div><div class=\"c_1 w11a h26 gs3c0\"><div class=\"t_1 m0_1 x11 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w13f h26 gs3c1\"><div class=\"t_1 m0_1 x44 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo </div></div><div class=\"c_1 w11a h26 gs3c2\"><div class=\"t_1 m0_1 x11 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo<span class=\"_ _33\"> </span> </div></div>Valor de ajuste por desviaciones (Nota 29)               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">22.837 </span><span class=\"ls0_1\"> </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">27.129 </span><span class=\"ls0_1\"> </span>Contrato de liquidez acci\u00f3n Ence (Nota 21.5)         <span class=\"ls0_1\">1.786 </span><span class=\"ls0_1\"> </span>               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">1.039 </span><span class=\"ls0_1\"> </span>               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Contraprestaci\u00f3n contingente (Nota 4)       <span class=\"ls0_1\">12.971 </span><span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">6.965 </span><span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">2.657 </span><span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">16.518 </span><span class=\"ls0_1\"> </span>Cr\u00e9ditos por subarriendos de maquinaria               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">6.606 </span><span class=\"ls0_1\"> </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">4.689 </span><span class=\"ls0_1\"> </span>Efectivo para cobertura de deuda financiera               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">10.000 </span><span class=\"ls0_1\"> </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">10.000 </span><span class=\"ls0_1\"> </span>Dep\u00f3sitos, fianzas y otras cuentas por cobrar       <span class=\"ls0_1\">11.769 </span><span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">4.001 </span><span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">1.467 </span><span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">2.938 </span><span class=\"ls0_1\"> </span>      <span class=\"ls9\">26.526 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>        <span class=\"ls9\">50.409 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>        <span class=\"ls9\">5.163 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>        <span class=\"ls9\">61.274 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>La cuenta \u201cEfectivo p<span class=\"_ _6\"></span>ara cobe<span class=\"_ _6\"></span>rturas de deud<span class=\"_ _6\"></span>a financiera\u201d in<span class=\"_ _6\"></span>cluye tesorer\u00eda destin<span class=\"_ _6\"></span>ada a cu<span class=\"_ _6\"></span>brir la obligaci\u00f3n<span class=\"_ _6\"></span>,<span class=\"_ _33\"> </span> establecida <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciaci\u00f3n d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Negocio <span class=\"_ _15\"></span>Energ\u00eda <span class=\"_ _15\"></span>Renovab<span class=\"_ _6\"></span>le, d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>mantener <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>efectivo <span class=\"_ _6\"></span>m\u00edn<span class=\"_ _6\"></span>imo <span class=\"_ _6\"></span>dispon<span class=\"_ _6\"></span>ible<span class=\"_ _33\"> </span> de 15 <span class=\"ff6\">millones \u20ac</span> <span class=\"_ _6\"></span><span class=\"ff6\">al 1/1/2025 q<span class=\"_ _6\"></span>ue se reducir\u00e1 a 10 millones <span class=\"_ _6\"></span>\u20ac a partir <span class=\"_ _6\"></span>del 1/7/2025.<span class=\"_ _33\"> </span></span>Con <span class=\"_ _e\"></span>fecha <span class=\"_ _1\"></span>20 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>2020, <span class=\"_ _e\"></span>Ence <span class=\"_ _1\"></span>Energ\u00eda <span class=\"_ _e\"></span>y Ce<span class=\"_ _1\"></span>lulosa, <span class=\"_ _e\"></span>S.A. <span class=\"_ _1\"></span>complet\u00f3 <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>venta <span class=\"_ _e\"></span>a la<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>entidad<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>Woodp<span class=\"_ _6\"></span>ecker<span class=\"_ _33\"> </span> Acquisitions <span class=\"_ _6\"></span>S.a.r.l, <span class=\"_ _6\"></span>controlada <span class=\"_ _6\"></span>por An<span class=\"_ _6\"></span>cala Partn<span class=\"_ _6\"></span>ers LLP, <span class=\"_ _6\"></span>de u<span class=\"_ _6\"></span>na p<span class=\"_ _6\"></span>articipaci\u00f3n <span class=\"_ _6\"></span>minoritaria d<span class=\"_ _6\"></span>el 49% d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>filial<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> Magnon <span class=\"_ _11\"></span>Green <span class=\"_ _0\"></span>Energy, <span class=\"_ _11\"> </span>S.L., <span class=\"_ _11\"> </span>holding <span class=\"_ _11\"></span>del <span class=\"_ _11\"> </span>Negocio <span class=\"_ _11\"></span>Energ\u00eda <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>NCE. <span class=\"_ _11\"></span>Una <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>arte <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>precio <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>enta <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>la<span class=\"_ _33\"> </span> participaci\u00f3n por importe <span class=\"_ _1\"></span>de 134 m<span class=\"_ _1\"></span>illones \u20ac e<span class=\"_ _1\"></span>s variable en <span class=\"_ _e\"></span>f<span class=\"_ _6\"></span>unci\u00f3n del \u00e9<span class=\"_ _1\"></span>xito en el <span class=\"_ _e\"></span>desar<span class=\"_ _6\"></span>rollo de <span class=\"_ _1\"></span>la cartera de<span class=\"_ _33\"> </span> proyectos <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>renovable <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>biomas<span class=\"_ _6\"></span>a, en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>r\u00f3ximos <span class=\"_ _6\"></span>8 <span class=\"_ _6\"></span>a\u00f1os. <span class=\"_ _15\"></span>ENCE <span class=\"_ _6\"></span>mantiene <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>cobrar<span class=\"_ _33\"> </span> de <span class=\"_ _12\"> </span>18.59<span class=\"_ _6\"></span>5 <span class=\"_ _1a\"> </span><span class=\"ff6\">miles  \u20ac <span class=\"_ _11\"> </span>al  31 <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e  diciembre <span class=\"_ _12\"> </span>de  202</span>4  (17.160  <span class=\"ff6\">m<span class=\"_ _1\"></span>iles <span class=\"_ _12\"> </span>\u20ac  al <span class=\"_ _12\"> </span>31  de <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>iciembre  de <span class=\"_ _12\"> </span>202<span class=\"ff4\">3<span class=\"_ _6\"></span>), <span class=\"_ _12\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e<span class=\"_ _33\"> </span></span></span><span class=\"ff6\"><span class=\"ff4\"> </span></span>corresponde <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>presente, <span class=\"_ _15\"></span>actualizad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>considerando <span class=\"_ _15\"></span>como <span class=\"_ _15\"></span>tas<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>descuento <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>coste <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>capital<span class=\"_ _33\"> </span> del negocio del 8,4%, que <span class=\"_ _1\"></span>se prev\u00e9 recuperar de dicho precio contingente a lo largo del <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>eriodo 2021<span class=\"_ _6\"></span>-<span class=\"lse\">2028<span class=\"ls37\">.<span class=\"_ _33\"> </span></span></span><span class=\"lse\"><span class=\"ls37\"> </span></span> Por otra parte, la <span class=\"_ _1\"></span>cuenta \u201cContraprestaci\u00f3n contingente\u201d incluye un importe a cobrar de <span class=\"ff4\">1.341 </span>m<span class=\"_ _1\"></span>iles \u20ac al 31<span class=\"_ _33\"> </span> de diciembre de 2024 (2.015 <span class=\"ff6\">miles \u20ac <span class=\"_ _1\"></span>al 31 de <span class=\"_ _1\"></span>diciembre de 202<span class=\"ff4\">3) que se corresponde con el valor actual del<span class=\"_ _33\"> </span></span></span>precio <span class=\"_ _e\"></span>contingent<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>surgi\u00f3 en <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>venta<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>2020 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>participa<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _e\"></span>del Grupo <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>En<span class=\"_ _6\"></span>ce <span class=\"_ _e\"></span>En<span class=\"_ _6\"></span>erg\u00eda <span class=\"_ _1\"></span>Termollano, S.A., sociedad titu<span class=\"_ _6\"></span>lar de una <span class=\"_ _6\"></span>instalaci\u00f3n d<span class=\"_ _6\"></span>e generaci\u00f3n de energ\u00eda termosolar.<span class=\"_ _15\"></span> La <span class=\"_ _18\"> </span>variaci\u00f3n <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>valor <span class=\"_ _18\"> </span>razonable <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>contraprestaci\u00f3n <span class=\"_ _18\"> </span>contin<span class=\"_ _6\"></span>gente, <span class=\"_ _18\"> </span>principal <span class=\"_ _18\"> </span>instrumento <span class=\"_ _18\"> </span>financier<span class=\"_ _6\"></span>o clasificado <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>Nivel <span class=\"_ _15\"></span>3 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _10\"></span>jerarqu\u00eda <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>valor <span class=\"_ _15\"></span>razonable, <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>supuesto<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>registro <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ingresos <span class=\"_ _0\"></span>financieros<span class=\"_ _6\"></span> asociados <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>actualiz<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _10\"></span>financiera <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>saldo <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>cobrar <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>3 <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _10\"></span>importe <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>1.556 <span class=\"_ _10\"></span><span class=\"ff6\">miles <span class=\"_ _10\"></span>\u20ac <span class=\"_ _10\"></span>y </span>1.02<span class=\"ff6\">5 miles \u20ac, respectivam<span class=\"_ _6\"></span>ente (v\u00e9ase Nota 13).<span class=\"_ _33\"> </span></span><span class=\"ff6\"> <span class=\"_ _15\"></span><span class=\"ff2\"> </span></span>Formando parte de la cuenta \u201cDep\u00f3sitos, fianzas<span class=\"_ _6\"></span> y otras cuentas a cobrar\u201d<span class=\"ff4\"> se incluyen, en el ejercicio 2024,<span class=\"_ _6\"></span> </span>inversiones a corto plazo en activos de bajo rie<span class=\"_ _1\"></span>sgo por importe de <span class=\"_ _1\"></span>10 millones \u20ac que se <span class=\"_ _1\"></span>han liquidado en los primeros d\u00edas de 2025.<span class=\"_ _6\"></span><span class=\"ff2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "27.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Activos financieros<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>27.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Efectivo y otros<span class=\"_ _1\"></span> activos l\u00edq<span class=\"_ _e\"></span>uidos equivalentes<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"> </span></span>El  ep\u00edgrafe <span class=\"_ _12\"> </span>\u201c<span class=\"ff4\">Efectivo<span class=\"ff3\">  </span></span>y  otros <span class=\"_ _1a\"> </span>activos  l\u00edquidos <span class=\"_ _12\"> </span>equ<span class=\"_ _6\"></span>ivalentes\u201d<span class=\"_ _6\"></span><span class=\"ff4\">  incluye  la<span class=\"_ _1\"></span>  tesorer\u00eda <span class=\"_ _12\"> </span>del  Grupo  y <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>ep\u00f3sitos<span class=\"_ _33\"> </span></span><span class=\"ff4\"> </span>bancarios a co<span class=\"_ _6\"></span>rto plazo con un v<span class=\"_ _6\"></span>encimiento inicial de tres meses o<span class=\"_ _6\"></span> un plazo<span class=\"_ _6\"></span> inferior<span class=\"_ _6\"></span>. El importe en <span class=\"_ _6\"></span>libros de<span class=\"_ _33\"> </span> estos activos<span class=\"_ _6\"></span> se aproxima a su valo<span class=\"_ _6\"></span>r razonable.<span class=\"_ _6\"></span>  27.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Otros activos f<span class=\"_ _1\"></span>inancieros<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"> </span></span>El detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e este <span class=\"_ _1\"></span>ep\u00edgrafe del Estado de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera consolidado al <span class=\"_ _1\"></span>31 de <span class=\"_ _e\"></span>di<span class=\"_ _6\"></span>ciembre de <span class=\"_ _1\"></span>202<span class=\"_ _15\"></span>4 y <span class=\"_ _1\"></span>2023<span class=\"_ _33\"> </span> es el siguiente:<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/2024<span class=\"_ _33\"> </span></span></span> 31/12/2023<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Miles de Euros<span class=\"_ _33\"> </span> Corto Plazo Largo Plazo<span class=\"_ _33\"> </span> Corto Plazo Largo Plazo<span class=\"_ _33\"> </span>Valor de ajuste por desviaciones (Nota 29)               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">22.837 </span><span class=\"ls0_1\"> </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">27.129 </span><span class=\"ls0_1\"> </span>Contrato de liquidez acci\u00f3n Ence (Nota 21.5)         <span class=\"ls0_1\">1.786 </span><span class=\"ls0_1\"> </span>               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">1.039 </span><span class=\"ls0_1\"> </span>               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Contraprestaci\u00f3n contingente (Nota 4)       <span class=\"ls0_1\">12.971 </span><span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">6.965 </span><span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">2.657 </span><span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">16.518 </span><span class=\"ls0_1\"> </span>Cr\u00e9ditos por subarriendos de maquinaria               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">6.606 </span><span class=\"ls0_1\"> </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">4.689 </span><span class=\"ls0_1\"> </span>Efectivo para cobertura de deuda financiera               <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">10.000 </span><span class=\"ls0_1\"> </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">10.000 </span><span class=\"ls0_1\"> </span>Dep\u00f3sitos, fianzas y otras cuentas por cobrar       <span class=\"ls0_1\">11.769 </span><span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">4.001 </span><span class=\"ls0_1\"> </span>        <span class=\"ls0_1\">1.467 </span><span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">2.938 </span><span class=\"ls0_1\"> </span>      <span class=\"ls9\">26.526 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>        <span class=\"ls9\">50.409 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>        <span class=\"ls9\">5.163 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>        <span class=\"ls9\">61.274 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>La cuenta \u201cEfectivo p<span class=\"_ _6\"></span>ara cobe<span class=\"_ _6\"></span>rturas de deud<span class=\"_ _6\"></span>a financiera\u201d in<span class=\"_ _6\"></span>cluye tesorer\u00eda destin<span class=\"_ _6\"></span>ada a cu<span class=\"_ _6\"></span>brir la obligaci\u00f3n<span class=\"_ _6\"></span>,<span class=\"_ _33\"> </span> establecida <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciaci\u00f3n d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Negocio <span class=\"_ _15\"></span>Energ\u00eda <span class=\"_ _15\"></span>Renovab<span class=\"_ _6\"></span>le, d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>mantener <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>efectivo <span class=\"_ _6\"></span>m\u00edn<span class=\"_ _6\"></span>imo <span class=\"_ _6\"></span>dispon<span class=\"_ _6\"></span>ible<span class=\"_ _33\"> </span> de 15 <span class=\"ff6\">millones \u20ac</span> <span class=\"_ _6\"></span><span class=\"ff6\">al 1/1/2025 q<span class=\"_ _6\"></span>ue se reducir\u00e1 a 10 millones <span class=\"_ _6\"></span>\u20ac a partir <span class=\"_ _6\"></span>del 1/7/2025.<span class=\"_ _33\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-569": {
   "value": "La cuenta \u201cEfectivo p<span class=\"_ _6\"></span>ara cobe<span class=\"_ _6\"></span>rturas de deud<span class=\"_ _6\"></span>a financiera\u201d in<span class=\"_ _6\"></span>cluye tesorer\u00eda destin<span class=\"_ _6\"></span>ada a cu<span class=\"_ _6\"></span>brir la obligaci\u00f3n<span class=\"_ _6\"></span>,<span class=\"_ _33\"> </span> establecida <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>finan<span class=\"_ _6\"></span>ciaci\u00f3n d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Negocio <span class=\"_ _15\"></span>Energ\u00eda <span class=\"_ _15\"></span>Renovab<span class=\"_ _6\"></span>le, d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>mantener <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>efectivo <span class=\"_ _6\"></span>m\u00edn<span class=\"_ _6\"></span>imo <span class=\"_ _6\"></span>dispon<span class=\"_ _6\"></span>ible<span class=\"_ _33\"> </span> de 15 <span class=\"ff6\">millones \u20ac</span> <span class=\"_ _6\"></span><span class=\"ff6\">al 1/1/2025 q<span class=\"_ _6\"></span>ue se reducir\u00e1 a 10 millones <span class=\"_ _6\"></span>\u20ac a partir <span class=\"_ _6\"></span>del 1/7/2025.<span class=\"_ _33\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-570": {
   "value": "28.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Deuda financiera<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>La composici\u00f3n d<span class=\"_ _6\"></span>e la deuda financiera al <span class=\"_ _6\"></span>cierre d<span class=\"_ _6\"></span>e los ejercicios 2024 y<span class=\"_ _6\"></span> 2023 es la siguient<span class=\"_ _6\"></span>e:<span class=\"_ _33\"> </span> Pasivo no corriente<span class=\"_ _33\"> </span> Pasivo corriente<span class=\"_ _33\"> </span> Miles de Euros<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"ls0_1\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Obligaciones y otros valores negociables          <span class=\"ls0_1\">15.574 </span><span class=\"ls0_1\"> </span>78.697          <span class=\"ls0_1\">57.987 </span><span class=\"ls0_1\"> </span>53.047<span class=\"_ _33\"> </span> Deudas con entidades de cr\u00e9dito        <span class=\"ls0_1\">353.390 </span><span class=\"ls0_1\"> </span>287.658          <span class=\"ls0_1\">88.743 </span><span class=\"ls0_1\"> </span>118.063<span class=\"_ _33\"> </span> Otros pasivos financieros          <span class=\"ls0_1\">77.477 </span><span class=\"ls0_1\"> </span>73.876          <span class=\"ls0_1\">15.478 </span><span class=\"ls0_1\"> </span>13.844<span class=\"_ _33\"> </span> Total        <span class=\"ls9\">446.441 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>440.231<span class=\"ls0_1\"> </span>       <span class=\"ls9\">162.208 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>184.954<span class=\"_ _33\"> </span>28.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Deudas con en<span class=\"_ _1\"></span>tidades de cr\u00e9dito y<span class=\"_ _1\"></span> mercado de capita<span class=\"_ _e\"></span>les<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"> </span></span>La <span class=\"_ _1\"></span>composici\u00f3n de <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>deudas <span class=\"_ _e\"></span>con entidades <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>31 de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de 2024 y <span class=\"_ _e\"></span>2023, correspondientes<span class=\"_ _33\"> </span> a pr\u00e9stamos y<span class=\"_ _6\"></span> l\u00edneas de descuento, clas<span class=\"_ _6\"></span>ificadas de acuerdo<span class=\"_ _6\"></span> con sus<span class=\"_ _6\"></span> vencimientos, es la siguiente<span class=\"_ _15\"></span>:<span class=\"_ _33\"> </span> Vencimiento en el a\u00f1o<span class=\"_ _33\"> </span> 202<span class=\"ls0_1\">4<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Corto plazo<span class=\"_ _33\"> </span> Largo Plazo  Miles de Euros<span class=\"_ _33\"> </span> L\u00edmite<span class=\"_ _33\"> </span> Saldo<span class=\"_ _33\"> </span> Dispuesto<span class=\"_ _33\"> </span> 202<span class=\"ls0_1\">5<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span>202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span>202<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span>Siguientes<span class=\"_ _33\"> </span> Deuda financiera Negocio CELULOSA -<span class=\"_ _33\"> </span> Obligaciones emitidas<span class=\"_ _33\"> </span> 73.561 73.561 57.987 15.574<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 130.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 278.182 278.182 75.598 78.957 67.306 40.576 15.746<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (<span class=\"ls9\">616</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">261</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">184</span>)<span class=\"_ _33\"> </span> (1<span class=\"ls9\">06<span class=\"ls0_1\">)</span></span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>(<span class=\"ls9\">44</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">21</span>)<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.149<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2.149<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 481.743<span class=\"ls0_1\"> </span>353.276<span class=\"ls0_1\"> </span>135.473<span class=\"ls0_1\"> </span>94.347<span class=\"ls0_1\"> </span>67.200<span class=\"ls0_1\"> </span>40.532<span class=\"ls0_1\"> </span>15.725<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Deuda financiera Negocio RENOVABLES -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 20.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 167.647 167.552 11.968 11.968 11.288 15.572 116.756<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> - (5.228)<span class=\"_ _33\"> </span> (<span class=\"ls9\">804</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">791</span>)<span class=\"_ _33\"> </span> (791) (791) (2.051)<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 95<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>95<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 187.552<span class=\"ls0_1\"> </span>162.419<span class=\"ls0_1\"> </span>11.259<span class=\"ls0_1\"> </span>11.177<span class=\"ls0_1\"> </span>10.497<span class=\"ls0_1\"> </span>14.781<span class=\"ls0_1\"> </span>114.705<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>669.295<span class=\"ls0_1\"> </span>515.695<span class=\"ls0_1\"> </span>146.732<span class=\"ls0_1\"> </span>105.524<span class=\"ls0_1\"> </span>77.697<span class=\"ls0_1\"> </span>55.313<span class=\"ls0_1\"> </span>130.430<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Vencimiento en el a\u00f1o<span class=\"_ _33\"> </span> 2023<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Corto plazo<span class=\"_ _33\"> </span> Largo Plazo  Miles de Euros<span class=\"_ _33\"> </span> L\u00edmite<span class=\"_ _33\"> </span> Saldo<span class=\"_ _33\"> </span> Dispuesto<span class=\"_ _33\"> </span> 2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>Siguientes<span class=\"_ _33\"> </span> Deuda financiera Negocio CELULOSA -<span class=\"_ _33\"> </span> Obligaciones emitidas<span class=\"_ _33\"> </span> 53.047 53.047 53.047<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 130.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 390.500 360.500 82.444 75.610 78.829 67.301 56.316<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (902)<span class=\"_ _33\"> </span> (285)<span class=\"_ _33\"> </span> (261)<span class=\"_ _33\"> </span> (184) (106)<span class=\"_ _33\"> </span> (65)<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.303<span class=\"_ _33\"> </span> 2.303<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 573.547<span class=\"ls0_1\"> </span>414.948<span class=\"ls0_1\"> </span>137.509<span class=\"ls0_1\"> </span>75.349<span class=\"ls0_1\"> </span>78.645<span class=\"ls0_1\"> </span>67.195<span class=\"ls0_1\"> </span>56.251<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Deuda financiera Negocio RENOVABLES -<span class=\"_ _33\"> </span> Obligaciones emitidas<span class=\"_ _33\"> </span> 79.000 79.000<span class=\"_ _33\"> </span> - 79.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 20.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 43.983 43.983 33.733 10.250<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (515)<span class=\"_ _33\"> </span> (180)<span class=\"_ _33\"> </span> (335)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 48<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>48<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 142.983<span class=\"ls0_1\"> </span>122.516<span class=\"ls0_1\"> </span>33.601<span class=\"ls0_1\"> </span>88.915<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 716.530<span class=\"ls0_1\"> </span>537.464<span class=\"ls0_1\"> </span>171.110<span class=\"ls0_1\"> </span>164.264<span class=\"ls0_1\"> </span>78.645<span class=\"ls0_1\"> </span>67.195<span class=\"ls0_1\"> </span>56.251<span class=\"_ _33\"> </span>Cada uno de <span class=\"_ _e\"></span>los negocios del Grupo se <span class=\"_ _e\"></span>financia de forma <span class=\"_ _1\"></span>independiente del <span class=\"_ _1\"></span>otro. No hay re<span class=\"_ _1\"></span>curso o <span class=\"_ _1\"></span>garant\u00edas significativas entre a<span class=\"_ _6\"></span>mbos. Los <span class=\"_ _15\"></span>pago<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>intereses <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>revistos <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>futuro <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>ociados <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>\u201cDeudas <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>cr\u00e9dito <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>mercado <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> capitales\u201d <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>\u201cOtros <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"></span>financieros <span class=\"_ _11\"> </span>\u2013<span class=\"ff4\"> <span class=\"_ _11\"></span></span>financiaci\u00f3n <span class=\"_ _0\"></span>organ<span class=\"_ _6\"></span>ismos <span class=\"_ _11\"> </span>p\u00fablicos\u201d, <span class=\"_ _11\"></span>considerando <span class=\"_ _11\"></span>los <span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>iveles <span class=\"_ _11\"></span>de endeudamiento <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>inter\u00e9s <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>mercado <span class=\"_ _15\"></span>actuales<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>consid<span class=\"_ _6\"></span>erar <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>coberturas <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s contratadas<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituar\u00e1n <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>entorno <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0-12 <span class=\"_ _6\"></span><span class=\"ff6\">millone<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>\u20ac <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>Celulosa <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>entorno <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span></span>8-9 millones \u20ac en ENCE Renov<span class=\"_ _6\"></span>ables.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>El <span class=\"_ _1\"></span>coste <span class=\"_ _1\"></span>medio <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>la deuda <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>2024 <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>2023 ha <span class=\"_ _e\"></span>sido <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>4,7% y <span class=\"_ _e\"></span>4,64%, re<span class=\"_ _1\"></span>spectivamente. Por <span class=\"_ _e\"></span>negocios, ENCE <span class=\"_ _10\"></span>Celulosa <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>tenido <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>coste <span class=\"_ _10\"></span>medio <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>dichos <span class=\"_ _10\"></span>periodos <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>4,<span class=\"_ _6\"></span><span class=\"lse\">50</span>% <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>4,<span class=\"lse\">68</span>%, <span class=\"_ _10\"></span>respectivamente, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>EN<span class=\"_ _6\"></span>CE Renovables del 5,25% y<span class=\"_ _6\"></span> 4,51%<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> Al <span class=\"_ _10\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _0\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>empresas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>cumplen <span class=\"_ _0\"></span>\u00edntegramente <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>ob<span class=\"_ _6\"></span>ligaciones financieras <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cualquier <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>pudieran <span class=\"_ _6\"></span>dar <span class=\"_ _6\"></span>lu<span class=\"_ _6\"></span>gar al <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>ticipado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>s compro<span class=\"_ _6\"></span>misos financieros.  La <span class=\"_ _1e\"> </span>finan<span class=\"_ _6\"></span>ciaci\u00f3n <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>ENCE <span class=\"_ _17\"> </span>no <span class=\"_ _17\"> </span>est\u00e1 <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>ujeta <span class=\"_ _1e\"> </span>a <span class=\"_ _17\"> </span>ning\u00fan <span class=\"_ _17\"> </span>tipo <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>cl\u00e1usula <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>implique <span class=\"_ _17\"> </span>su <span class=\"_ _1e\"> </span>modificaci\u00f3n <span class=\"_ _17\"> </span>o renegociaci\u00f3n como cons<span class=\"_ _6\"></span>ecuencia de un<span class=\"_ _6\"></span>a variaci\u00f3n en la<span class=\"_ _6\"></span> calificaci\u00f3n crediticia<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _6\"></span></span> Endeuda<span class=\"_ _1\"></span>miento Negocio Celulosa<span class=\"_ _1\"></span> Obligaciones El <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>octubre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2023 <span class=\"_ _10\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _0\"></span>incorpor\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>programa <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pagar\u00e9s <span class=\"_ _0\"></span>sostenibl<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Mercado Alternativo de Renta Fija (MARF) con un <span class=\"_ _1\"></span>l\u00edmite m\u00e1ximo de 200 millones \u20ac y <span class=\"_ _1\"></span>vencimientos de hasta 24 meses<span class=\"_ _6\"></span><span class=\"ff4\"> </span>y un coste medio <span class=\"_ _6\"></span>en 2024 del <span class=\"_ _6\"></span>4,53%<span class=\"lsf\">. </span> L\u00ednea de cr\u00e9d<span class=\"_ _6\"></span>ito revolving ENCE <span class=\"_ _6\"></span>man<span class=\"_ _6\"></span>tiene <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>sindicato <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>ancos <span class=\"_ _15\"></span>nacionales <span class=\"_ _15\"></span>e <span class=\"_ _6\"></span>internacio<span class=\"_ _15\"></span>nales <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cr\u00e9dito <span class=\"_ _6\"></span>(revolv<span class=\"_ _6\"></span>ing credit <span class=\"_ _6\"></span>facility) <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span><span class=\"lse\">130 <span class=\"_ _6\"></span></span>mil<span class=\"_ _6\"></span>lones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>2026. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>sta <span class=\"_ _6\"></span>l\u00ednea <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>deveng<span class=\"_ _6\"></span>a un tipo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>inter\u00e9s<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>referenciado <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Euribor<span class=\"_ _6\"></span><span class=\"ls16\">. </span>El <span class=\"_ _e\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inter\u00e9s <span class=\"_ _e\"></span>estab<span class=\"_ _6\"></span>lecido <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>odr\u00e1 verse <span class=\"_ _e\"></span>modificado anualmente en <span class=\"_ _15\"></span>25 <span class=\"_ _10\"></span>pun<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>b\u00e1sicos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>funci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ostenibilidad <span class=\"_ _10\"></span>medioambi<span class=\"_ _6\"></span>ental <span class=\"_ _10\"></span>Sustainaly<span class=\"_ _6\"></span>tics <span class=\"_ _15\"></span>obtenid<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>por<span class=\"_ _33\"> </span>ENCE, <span class=\"_ _6\"></span>que eval\u00fa<span class=\"_ _6\"></span>a dicha <span class=\"_ _6\"></span>deuda como <span class=\"_ _6\"></span>\u201cfinanciaci\u00f3n <span class=\"_ _6\"></span>verde\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _6\"></span>Es<span class=\"_ _6\"></span>ta finan<span class=\"_ _6\"></span>ciaci\u00f3n est\u00e1<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>su totalidad <span class=\"_ _6\"></span>disponible </span>al 31 de diciembre de 20<span class=\"_ _6\"></span>24. Pr\u00e9stamos ENCE <span class=\"_ _6\"></span>mantiene <span class=\"_ _6\"></span>sus<span class=\"_ _6\"></span>critos <span class=\"_ _6\"></span>pr\u00e9stamos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>conjunto <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span><span class=\"lse\">278</span> <span class=\"_ _6\"></span><span class=\"ff6\">millones <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vencimientos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en</span>tre <span class=\"_ _6\"></span><span class=\"lse\">202</span>5<span class=\"_ _6\"></span> y <span class=\"ls0_1\">2030. <span class=\"_ _1\"></span>Una parte de los <span class=\"_ _1\"></span>pr\u00e9stamos con un nominal de 21,<span class=\"lse\">16</span> <span class=\"ff6\">millones \u20ac <span class=\"_ _1\"></span>devenga un tipo de inter\u00e9s <span class=\"_ _1\"></span>fijo en el<span class=\"_ _e\"></span> </span></span>rango <span class=\"_ _6\"></span>1,95%<span class=\"_ _6\"></span>-4,6%. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _6\"></span>resta<span class=\"_ _6\"></span>nte <span class=\"_ _6\"></span>devenga <span class=\"_ _15\"></span>interes<span class=\"_ _6\"></span>es, <span class=\"_ _15\"></span>principalmente <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>eferenciados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>Euribor <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n diferencial en el rango <span class=\"_ _6\"></span>1,35%-2,0%. El tipo d<span class=\"_ _6\"></span>e inter\u00e9s establecido en el 76% de los contra<span class=\"_ _6\"></span>tos suscritos<span class=\"_ _6\"></span> podr\u00e1 verse modificado a<span class=\"_ _6\"></span>nualmente en 25<span class=\"_ _6\"></span> puntos<span class=\"_ _6\"></span> b\u00e1sicos<span class=\"_ _6\"></span> en funci\u00f3n del ratin<span class=\"_ _6\"></span>g de so<span class=\"_ _6\"></span>stenibilidad<span class=\"_ _15\"></span> medioambi<span class=\"_ _6\"></span>ental Sustainalytics<span class=\"_ _6\"></span> obtenido por ENCE.<span class=\"_ _6\"></span> Al objeto de cubrir e<span class=\"_ _1\"></span>l riesgo derivado de <span class=\"_ _1\"></span>la contrataci\u00f3n de <span class=\"_ _1\"></span>esta financiaci\u00f3n a tipo de <span class=\"_ _1\"></span>inter\u00e9s variable, ENCE ha suscrito swaps de tipo de <span class=\"_ _1\"></span>inter\u00e9s que cubren el <span class=\"lse\">47</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"_ _1\"></span>variable, a un tipo fijo medio de 3,32% (v\u00e9as<span class=\"_ _6\"></span>e Nota <span class=\"_ _6\"></span><span class=\"lse\">30</span>).<span class=\"_ _33\"> </span>Financiaci\u00f3n Ne<span class=\"_ _1\"></span>gocio Ener<span class=\"_ _1\"></span>g\u00eda Renovable Financiaci\u00f3n corpo<span class=\"_ _6\"></span>rativa Con <span class=\"_ _6\"></span>fecha <span class=\"_ _15\"></span>11 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>julio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024, <span class=\"_ _6\"></span>Ma<span class=\"_ _6\"></span>gnon <span class=\"_ _6\"></span>Green <span class=\"_ _15\"></span>Energy, <span class=\"_ _15\"></span>S.L. <span class=\"_ _6\"></span>(<span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>elante <span class=\"_ _6\"></span>\u201cMA<span class=\"_ _6\"></span>GNON\u201d), <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>acord<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un sindicato formado<span class=\"_ _6\"></span> por 14 enti<span class=\"_ _6\"></span>dades u<span class=\"_ _6\"></span>n contrato<span class=\"_ _6\"></span> de pr\u00e9stamo por u<span class=\"_ _6\"></span>n importe d<span class=\"_ _6\"></span>e 170 mil<span class=\"_ _6\"></span>lones \u20ac y u<span class=\"_ _6\"></span>na l\u00ednea de cr\u00e9dito (RCF) por importe <span class=\"_ _6\"></span>de 20 millones<span class=\"_ _6\"></span> \u20ac<span class=\"ff4\">. Su<span class=\"_ _6\"></span> detalle al 31/12/2<span class=\"_ _6\"></span>024 es el sigui<span class=\"_ _6\"></span>ente: </span>Miles de Euros Tipo de  Disponible Dispuesto Vencimiento Inter\u00e9s Tramo 1\u00ba               <span class=\"ls0_1\">65.552  </span>              <span class=\"ls0_1\">65.552  </span>jul-<span class=\"ls9\">2031</span> 2,00%-2,75% (i) Tramo 2\u00ba               <span class=\"ls0_1\">72.000  </span>              <span class=\"ls0_1\">72.000  </span>ene<span class=\"ls0_1\">-2032 (ii) </span>3% (i) Tramo 3\u00ba               <span class=\"ls0_1\">30.000  </span>              <span class=\"ls0_1\">30.000  </span>ene<span class=\"ls0_1\">-2032 (ii) </span>5,82% Tramo 4\u00ba               <span class=\"ls0_1\">20.000  </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>jul-<span class=\"ls9\">2031</span> 1,25%-2,00% (i)             <span class=\"ls9\">187.552 <span class=\"ls0_1\"> </span></span>            <span class=\"ls9\">167.552 <span class=\"ls0_1\"> </span></span>(i)<span class=\"ff2 ls0_1\"> <span class=\"_ _29\"> </span><span class=\"ff4 fs1\">Euribor <span class=\"_ _1\"></span>6 <span class=\"_ _1\"></span>meses m\u00e1s <span class=\"_ _1\"></span>diferencial descrito. <span class=\"_ _e\"></span>En los tr<span class=\"_ _1\"></span>amos bancarios, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>tipo es <span class=\"_ _e\"></span>variable en funci\u00f3n <span class=\"_ _e\"></span>del ratio </span></span>de endeudamiento de las entidades que conforman el per\u00edmetro de la financiaci\u00f3n. (ii)<span class=\"ff2 ls0_1\"> <span class=\"_ _2a\"> </span><span class=\"ff4 fs1\">Vencimiento \u00edntegro (bullet) en la fecha indicad<span class=\"_ _1\"></span>a.<span class=\"_ _6\"></span> </span></span>Esta <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>incluye <span class=\"_ _10\"></span>como <span class=\"_ _15\"></span>principales <span class=\"_ _10\"></span>garant\u00edas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>renda <span class=\"_ _15\"></span>sobre <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>acciones <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>sociedades <span class=\"_ _15\"></span>Celulos<span class=\"_ _6\"></span>a Energ\u00eda <span class=\"_ _e\"></span>S.A.U., <span class=\"_ _1\"></span>Ence <span class=\"_ _1\"></span>Energ\u00eda <span class=\"_ _e\"></span>P<span class=\"_ _6\"></span>uertollano, S.L.U., <span class=\"_ _e\"></span>ENCE <span class=\"_ _1\"></span>Energ\u00eda Huelva, <span class=\"_ _e\"></span>S.L.U., <span class=\"_ _e\"></span>En<span class=\"_ _6\"></span>ce <span class=\"_ _e\"></span>Energ\u00eda Huelva <span class=\"_ _e\"></span>Dos <span class=\"_ _e\"></span>S.L.U.,<span class=\"_ _6\"></span> ENCE E<span class=\"_ _6\"></span>nerg\u00eda Ext<span class=\"_ _6\"></span>remadura, S.<span class=\"_ _6\"></span>L.U. y<span class=\"_ _6\"></span> Magnon <span class=\"_ _6\"></span>Biomas<span class=\"_ _6\"></span>a, S.L.,<span class=\"_ _6\"></span> sob<span class=\"_ _6\"></span>re sus<span class=\"_ _6\"></span> activos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>derechos d<span class=\"_ _6\"></span>e cobro, <span class=\"_ _6\"></span>actuales y futuros. Asimismo, <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>incluye <span class=\"_ _15\"></span>determinadas <span class=\"_ _15\"></span>obligaciones, <span class=\"_ _15\"></span>habituales <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span>; <span class=\"_ _6\"></span>el suministro <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinada <span class=\"_ _1c\"> </span>informaci\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>car\u00e1cter <span class=\"_ _1c\"> </span>operativ<span class=\"_ _6\"></span>o <span class=\"_ _1b\"> </span>y <span class=\"_ _1c\"> </span>financiera <span class=\"_ _19\"> </span><span class=\"ls35\">y <span class=\"_ _1c\"> </span></span>el <span class=\"_ _1b\"> </span>cumplimiento <span class=\"_ _1c\"> </span>d<span class=\"_ _6\"></span>e determinados <span class=\"_ _19\"> </span>ratios <span class=\"_ _1b\"> </span>econ\u00f3<span class=\"_ _6\"></span>micos <span class=\"_ _19\"> </span>de <span class=\"_ _1b\"> </span>solvencia <span class=\"_ _19\"> </span>y <span class=\"_ _1b\"> </span>rentab<span class=\"_ _6\"></span>ilidad. <span class=\"_ _19\"> </span>El <span class=\"_ _1b\"> </span>acuerdo <span class=\"_ _19\"> </span>contempla <span class=\"_ _1b\"> </span>asimismo <span class=\"_ _19\"> </span>el<span class=\"_ _33\"> </span>cumplimiento de determin<span class=\"_ _6\"></span>ados ratios<span class=\"_ _6\"></span> ligados al endeudamiento, la s<span class=\"_ _6\"></span>ituaci\u00f3n patrimonial y la<span class=\"_ _6\"></span> capacidad de generaci\u00f3n de caja del ne<span class=\"_ _6\"></span>gocio, p<span class=\"_ _6\"></span>ara poder llevar a cab<span class=\"_ _6\"></span>o el reparto de <span class=\"_ _6\"></span>divid<span class=\"_ _6\"></span>endos. El importe de los cos<span class=\"_ _6\"></span>tes de estructu<span class=\"_ _6\"></span>raci\u00f3n y otro<span class=\"_ _6\"></span>s gastos incurridos<span class=\"_ _6\"></span> en la obtenci\u00f3n d<span class=\"_ _6\"></span>e esta financiaci\u00f3n ha sido de 5,5 millones \u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>Al <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cubrir <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>derivado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>trataci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _0\"></span>variable, MAGNON <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>tar\u00e1 <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fase <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>c<span class=\"_ _6\"></span>ierre <span class=\"_ _6\"></span>cob<span class=\"_ _6\"></span>erturas <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s <span class=\"_ _15\"></span>(IRS) <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>dan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cob<span class=\"_ _6\"></span>ertura <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>70 <span class=\"_ _15\"></span>% de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>dispuesta. <span class=\"_ _6\"></span>Ad<span class=\"_ _6\"></span>icionalmente <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>han <span class=\"_ _15\"></span>cancelad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>IRS <span class=\"_ _6\"></span>contrata<span class=\"_ _6\"></span>dos <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>cobertura <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la financiaci\u00f3n previa (v<span class=\"_ _6\"></span>\u00e9ase Nota <span class=\"_ _6\"></span><span class=\"lse\">30<span class=\"ls19\">).</span></span> El <span class=\"_ _6\"></span>destino <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>ha <span class=\"_ _6\"></span>sido<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cancelar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>puesta <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>negocio <span class=\"_ _6\"></span>firmada <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>201<span class=\"_ _15\"></span>7 <span class=\"_ _6\"></span><span class=\"ls1c\">y </span>la <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>operacio<span class=\"_ _6\"></span>nes <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>necesidades <span class=\"_ _10\"></span>generales <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>MAGNON. <span class=\"_ _15\"></span>Ad<span class=\"_ _6\"></span>icionalment<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ha <span class=\"_ _15\"></span>permitido<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la distribuci\u00f3n de <span class=\"_ _e\"></span>25 mill<span class=\"_ _1\"></span>ones \u20ac <span class=\"_ _e\"></span>en compensaci\u00f3n <span class=\"_ _e\"></span>de los <span class=\"_ _e\"></span>pr\u00e9s<span class=\"_ _6\"></span>tamos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>uente <span class=\"_ _1\"></span>otorgados por <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>accionistas hasta que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>produjera <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>implementa<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>cambio <span class=\"_ _6\"></span>regulato<span class=\"_ _6\"></span>rio <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>sector <span class=\"_ _15\"></span>energ\u00e9tico <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>licable <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>plan<span class=\"_ _6\"></span>tas de MAGNON. Esta financiaci\u00f3<span class=\"_ _6\"></span>n cumple los requisitos para su reconocimiento como una nueva fi<span class=\"_ _6\"></span>nanciaci\u00f3n<span class=\"_ _6\"></span> y no como un<span class=\"_ _6\"></span>a modificaci\u00f3n de la financiaci\u00f3n<span class=\"_ _6\"></span> existente<span class=\"_ _6\"></span> previamente.<span class=\"_ _6\"></span><span class=\"ff3\"> </span>Financiaci\u00f3n cance<span class=\"_ _6\"></span>lada Pr\u00e9stamo <span class=\"_ _1a\"> </span>sindicado<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>importe  dispuesto  a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>fecha  de <span class=\"_ _12\"> </span>cancelaci\u00f3n  de <span class=\"_ _12\"> </span>31.616<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>mil<span class=\"_ _6\"></span>es  <span class=\"ff6\">\u20ac</span>, <span class=\"_ _12\"> </span>estructura<span class=\"_ _6\"></span>do inicialmente <span class=\"_ _11\"> </span>en<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>4 <span class=\"_ _11\"> </span>tra<span class=\"_ _6\"></span>mos, <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>n <span class=\"_ _11\"> </span><span class=\"ls11\">un <span class=\"_ _12\"> </span></span>disponible <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>momento <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>su<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>contrata<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>170 <span class=\"_ _11\"> </span>m<span class=\"_ _6\"></span>illones. <span class=\"_ _12\"> </span>Esta financiaci\u00f3n <span class=\"_ _0\"></span>presentab<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>30 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ap<span class=\"_ _6\"></span>roximadamente <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>80% <span class=\"_ _0\"></span>estaba<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gs4c4\"><div class=\"t_1 m0_1 x1f h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contratada <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>variable <span class=\"_ _0\"></span>referenciado <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>Euribor <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>margen <span class=\"_ _10\"></span>situado <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _0\"></span>rango <span class=\"_ _0\"></span>1,25<span class=\"ls39\">% <span class=\"_ _0\"></span></span>- </div><div class=\"t_1 m0_1 x1f h8 y1d4 ff4 fs4 fc0_1 sc0_1 lse ws0_1\">3,25<span class=\"ls0_1\">% <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> el <span class=\"_ _e\"></span>20% restante <span class=\"_ _e\"></span>a un <span class=\"_ _1\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s anual <span class=\"_ _e\"></span>fijo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de 3,45%. <span class=\"_ _1\"></span>Las comisiones <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>agadas en <span class=\"_ _e\"></span>el ejercicio <span class=\"_ _e\"></span>20<span class=\"_ _6\"></span>17 </span></div><div class=\"t_1 m0_1 x1f h8 y1d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">derivadas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>esta <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _11\"> </span>ascend<span class=\"_ _6\"></span>ieron <span class=\"_ _11\"> </span><span class=\"ls2f\">a <span class=\"_ _11\"></span></span>5.813 <span class=\"_ _0\"></span>miles <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Euro<span class=\"_ _6\"></span>s. <span class=\"_ _11\"></span><span class=\"ls12\">Est</span>a <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _11\"> </span>inclu\u00eda <span class=\"_ _0\"></span>gara<span class=\"_ _6\"></span>nt\u00edas <span class=\"_ _11\"> </span><span class=\"ls35\">y </span></div><div class=\"t_1 m0_1 x1f h8 y338 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">obligaciones est\u00e1nd<span class=\"_ _6\"></span>ar de mercado y<span class=\"_ _6\"></span> similares a las exigidas<span class=\"_ _6\"></span> en financiaci\u00f3n actual<span class=\"_ _15\"></span>. </div><div class=\"t_1 m0_1 x1f h8 y2bd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Dos <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>bligaciones <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>fueron <span class=\"_ _15\"></span>sus<span class=\"_ _6\"></span>critas <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>varios <span class=\"_ _15\"></span>fondos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>importe <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>endiente <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>amortizar <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y2be ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la <span class=\"_ _e\"></span>fecha <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>canc<span class=\"_ _6\"></span>elaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>79.000 <span class=\"_ _1\"></span>miles <span class=\"_ _e\"></span>\u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stas <span class=\"_ _1\"></span>obligaciones <span class=\"_ _1\"></span>presentaban <span class=\"_ _1\"></span>su <span class=\"_ _e\"></span>vencimiento <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>30 <span class=\"_ _e\"></span>de diciembre </span></div><div class=\"t_1 m0_1 x1f h8 y2bf ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de 2025 y<span class=\"_ _6\"></span> devengab<span class=\"_ _6\"></span>a un<span class=\"_ _6\"></span> tipo <span class=\"_ _6\"></span>de in<span class=\"_ _6\"></span>ter\u00e9s fijo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>3,45% y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"fs1\">estaban <span class=\"_ _6\"></span>admitidas a co<span class=\"_ _6\"></span>tizaci\u00f3n en la<span class=\"_ _6\"></span> bolsa de valo<span class=\"_ _6\"></span>res de<span class=\"_ _6\"></span> </span></div><div class=\"t_1 m0_1 x1f h8 ya89 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Frankfurt (Freiverkehr).<span class=\"_ _33\"> </span><span class=\"fs4\"> </span></div><div class=\"t_1 m0_1 x71 h46 y632 ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">28.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Otros pasivos<span class=\"_ _1\"></span> financieros </span></span></div><div class=\"t_1 m0_1 x82 h8 y1ff ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _e\"></span>detalle <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>Financiera<span class=\"_ _6\"></span> Consolidado <span class=\"_ _e\"></span>al 31 <span class=\"_ _a\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>de 2024 <span class=\"_ _e\"></span>y 2023 </div><div class=\"t_1 m0_1 x82 h8 y200 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">es el siguiente: </div></div><div class=\"c_1 w19e ha6 gs4c5\"><div class=\"t_1 m0_1 x23 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></div><div class=\"c_1 w19f h7f gs4c6\"><div class=\"t_1 m0_1 x11 h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Corto </div><div class=\"t_1 m0_1 x32 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo </div></div><div class=\"c_1 w1a1 h7f gs4c7\"><div class=\"t_1 m0_1 x6 h1f y70b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></div><div class=\"c_1 w19d h86 gs4c8\"><div class=\"t_1 m0_1 x12 h1f y38 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></div><div class=\"c_1 w52 h86 gs4c9\"><div class=\"t_1 m0_1 x12 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo </div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto </div></div><div class=\"c_1 w19f h86 gs4ca\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2025<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a2 h86 gs4cb\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2026<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h86 gs4cc\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2027<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 h86 gs4cd\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2028<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h86 gs4ce\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2029<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a4 h86 gs4cf\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></div><div class=\"c_1 w19d ha6 gs4d0\"><div class=\"t_1 m0_1 x12 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio CELULOSA - </div></div><div class=\"c_1 w19d h1d gs4d1\"><div class=\"t_1 m0_1 x1e h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n organismos p\u00fablicos </div></div><div class=\"c_1 w52 h1d gs4d2\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">34.407 </div></div><div class=\"c_1 w19f h1d gs4d3\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.459 </div></div><div class=\"c_1 w1a2 h1d gs4d4\"><div class=\"t_1 m0_1 x10 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.019 </div></div><div class=\"c_1 w1a3 h1d gs4d5\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.279 </div></div><div class=\"c_1 we2 h1d gs4d6\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.371 </div></div><div class=\"c_1 w196 h1d gs4d7\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.891 </div></div><div class=\"c_1 w1a4 h1d gs4d8\"><div class=\"t_1 m0_1 x41 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.3<span class=\"ls9\">88</span> </div></div><div class=\"c_1 w19d h6e gs4d9\"><div class=\"t_1 m0_1 x1e h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></div><div class=\"c_1 w52 h6e gs4da\"><div class=\"t_1 m0_1 x1e h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">52.803 </div></div><div class=\"c_1 w19f h6e gs4db\"><div class=\"t_1 m0_1 x54 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.251 </div></div><div class=\"c_1 w1a2 h6e gs4dc\"><div class=\"t_1 m0_1 x10 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.780 </div></div><div class=\"c_1 w1a3 h6e gs4dd\"><div class=\"t_1 m0_1 x54 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.657 </div></div><div class=\"c_1 we2 h6e gs4de\"><div class=\"t_1 m0_1 x54 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.509 </div></div><div class=\"c_1 w196 h6e gs4df\"><div class=\"t_1 m0_1 x54 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.932 </div></div><div class=\"c_1 w1a4 h6e gs4e0\"><div class=\"t_1 m0_1 xe h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31.674 </div></div><div class=\"c_1 w52 h27 gs4e1\"><div class=\"t_1 m0_1 x1e h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">87.210<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w19f h27 gs4e2\"><div class=\"t_1 m0_1 x11 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">13.710<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a2 h27 gs4e3\"><div class=\"t_1 m0_1 x32 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">12.799<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h27 gs4e4\"><div class=\"t_1 m0_1 x11 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">10.936<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 h27 gs4e5\"><div class=\"t_1 m0_1 x54 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">9.880<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h27 gs4e6\"><div class=\"t_1 m0_1 x54 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">6.823<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a4 h27 gs4e7\"><div class=\"t_1 m0_1 xe h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">33.062<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w19d h6e gs4e8\"><div class=\"t_1 m0_1 x12 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio RENOVABLES - </div></div><div class=\"c_1 w19d h1d gs4e9\"><div class=\"t_1 m0_1 x1e h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></div><div class=\"c_1 w52 h1d gs4ea\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.744 </div></div><div class=\"c_1 w19f h1d gs4eb\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.768 </div></div><div class=\"c_1 w1a2 h1d gs4ec\"><div class=\"t_1 m0_1 x10 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.628 </div></div><div class=\"c_1 w1a3 h1d gs4ed\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.107 </div></div><div class=\"c_1 we2 h1d gs4ee\"><div class=\"t_1 m0_1 x2e h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">786<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h1d gs4ef\"><div class=\"t_1 m0_1 x2e h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">410<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a4 h1d gs4f0\"><div class=\"t_1 m0_1 x2d h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">45 </div></div><div class=\"c_1 w52 h27 gs4f1\"><div class=\"t_1 m0_1 x7f h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">5.744<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w19f h27 gs4f2\"><div class=\"t_1 m0_1 x54 h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.768<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a2 h27 gs4f3\"><div class=\"t_1 m0_1 x10 h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.628<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h27 gs4f4\"><div class=\"t_1 m0_1 x54 h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.107<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 h27 gs4f5\"><div class=\"t_1 m0_1 x2e h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">786<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h27 gs4f6\"><div class=\"t_1 m0_1 x2e h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">410<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a4 h27 gs4f7\"><div class=\"t_1 m0_1 x2d h54 y47 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">45 </div></div><div class=\"c_1 w52 h27 gs4f8\"><div class=\"t_1 m0_1 x1e h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">92.954<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w19f h27 gs4f9\"><div class=\"t_1 m0_1 x11 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">15.478<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a2 h27 gs4fa\"><div class=\"t_1 m0_1 x32 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">14.427<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h27 gs4fb\"><div class=\"t_1 m0_1 x11 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">12.043<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 h27 gs4fc\"><div class=\"t_1 m0_1 x11 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">10.666<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h27 gs4fd\"><div class=\"t_1 m0_1 x54 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.233<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a4 h27 gs4fe\"><div class=\"t_1 m0_1 xe h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">33.10<span class=\"ls0_1\">7 </span></div></div><div class=\"c_1 w19e ha6 gs4ff\"><div class=\"t_1 m0_1 x23 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></div><div class=\"c_1 w19f h7f gs500\"><div class=\"t_1 m0_1 x11 h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Corto </div><div class=\"t_1 m0_1 x32 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo </div></div><div class=\"c_1 w1a1 h7f gs501\"><div class=\"t_1 m0_1 x6 h1f y70b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> Largo Plazo </div></div><div class=\"c_1 w19d h7f gs502\"><div class=\"t_1 m0_1 x12 h1f y38 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de euros </div></div><div class=\"c_1 w52 h7f gs503\"><div class=\"t_1 m0_1 x12 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo </div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto </div></div><div class=\"c_1 w19f h7f gs504\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a2 h7f gs505\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2025<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h7f gs506\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2026<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 h7f gs507\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2027<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h7f gs508\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2028<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a4 h7f gs509\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></div><div class=\"c_1 w19d ha6 gs50a\"><div class=\"t_1 m0_1 x12 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio CELULOSA - </div></div><div class=\"c_1 w19d h1d gs50b\"><div class=\"t_1 m0_1 x1e h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n organismos p\u00fablicos </div></div><div class=\"c_1 w52 h1d gs50c\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">42.885 </div></div><div class=\"c_1 w19f h1d gs50d\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.737 </div></div><div class=\"c_1 w1a2 h1d gs50e\"><div class=\"t_1 m0_1 x10 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.130 </div></div><div class=\"c_1 w1a3 h1d gs50f\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.161 </div></div><div class=\"c_1 we2 h1d gs510\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.305 </div></div><div class=\"c_1 w196 h1d gs511\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.316 </div></div><div class=\"c_1 w1a4 h1d gs512\"><div class=\"t_1 m0_1 x41 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.236 </div></div><div class=\"c_1 w19d h1d gs513\"><div class=\"t_1 m0_1 x1e h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></div><div class=\"c_1 w52 h1d gs514\"><div class=\"t_1 m0_1 x1e h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">42.003 </div></div><div class=\"c_1 w19f h1d gs515\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.005 </div></div><div class=\"c_1 w1a2 h1d gs516\"><div class=\"t_1 m0_1 x10 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.791 </div></div><div class=\"c_1 w1a3 h1d gs517\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.128 </div></div><div class=\"c_1 we2 h1d gs518\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.667 </div></div><div class=\"c_1 w196 h1d gs519\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.570 </div></div><div class=\"c_1 w1a4 h1d gs51a\"><div class=\"t_1 m0_1 xe h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">26.842 </div></div><div class=\"c_1 w52 h27 gs51b\"><div class=\"t_1 m0_1 x1e h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">84.888<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w19f h27 gs51c\"><div class=\"t_1 m0_1 x11 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">12.742<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a2 h27 gs51d\"><div class=\"t_1 m0_1 x32 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">11.921<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h27 gs51e\"><div class=\"t_1 m0_1 x11 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">11.289<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 h27 gs51f\"><div class=\"t_1 m0_1 x54 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">8.972<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h27 gs520\"><div class=\"t_1 m0_1 x54 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.886<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a4 h27 gs521\"><div class=\"t_1 m0_1 xe h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">32.078<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w19d h6e gs522\"><div class=\"t_1 m0_1 x12 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivos financieros Negocio RENOVABLES - </div></div><div class=\"c_1 w19d h9e gs523\"><div class=\"t_1 m0_1 x1e h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por derecho de uso (Nota 17) </div></div><div class=\"c_1 w52 h9e gs524\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.832 </div></div><div class=\"c_1 w19f h9e gs525\"><div class=\"t_1 m0_1 x54 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.102 </div></div><div class=\"c_1 w1a2 h9e gs526\"><div class=\"t_1 m0_1 x5 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">665<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h9e gs527\"><div class=\"t_1 m0_1 x2e h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">516<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 h9e gs528\"><div class=\"t_1 m0_1 x2e h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">320<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h9e gs529\"><div class=\"t_1 m0_1 x2e h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">152<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a4 h9e gs52a\"><div class=\"t_1 m0_1 x2d h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">77<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w52 h27 gs52b\"><div class=\"t_1 m0_1 x7f h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2.832<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w19f h27 gs52c\"><div class=\"t_1 m0_1 x54 h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.102<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a2 h27 gs52d\"><div class=\"t_1 m0_1 x5 h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">665<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h27 gs52e\"><div class=\"t_1 m0_1 x2e h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">516<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 h27 gs52f\"><div class=\"t_1 m0_1 x2e h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">320<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h27 gs530\"><div class=\"t_1 m0_1 x2e h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">152<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a4 h27 gs531\"><div class=\"t_1 m0_1 x2d h54 y47 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">77<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w52 h27 gs532\"><div class=\"t_1 m0_1 x1e h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">87.720<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w19f h27 gs533\"><div class=\"t_1 m0_1 x11 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">13.844<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a2 h27 gs534\"><div class=\"t_1 m0_1 x32 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">12.586<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a3 h27 gs535\"><div class=\"t_1 m0_1 x11 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">11.805<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 we2 h27 gs536\"><div class=\"t_1 m0_1 x54 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">9.292<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h27 gs537\"><div class=\"t_1 m0_1 x54 h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">8.038<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a4 h27 gs538\"><div class=\"t_1 m0_1 xe h54 y35 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">32.155<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs4c4\"><div class=\"t_1 m0_1 x25 h8 ya9d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x82 h8 ya9e ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _11\"> </span>cuenta <span class=\"_ _12\"> </span>\u201cFinanciaci\u00f3n <span class=\"_ _12\"> </span>organ<span class=\"_ _6\"></span>ismos <span class=\"_ _11\"> </span>p\u00fa<span class=\"_ _6\"></span>blicos\u201d <span class=\"_ _11\"> </span>corres<span class=\"_ _6\"></span>ponde <span class=\"_ _11\"> </span>fundamental<span class=\"_ _6\"></span>mente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>r\u00e9stamos <span class=\"_ _12\"> </span>obtenidos, </div><div class=\"t_1 m0_1 x82 h8 ya9f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">normalmente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>favorables, <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>financian <span class=\"_ _11\"> </span>proyectos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>amp<span class=\"_ _6\"></span>liaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>mejora <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>la<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x82 h8 yaa0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">capacidad productiv<span class=\"_ _6\"></span>a de las <span class=\"_ _1\"></span>biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"_ _1\"></span>actividades de<span class=\"_ _33\"> </span> </div></div>I+D+i en <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE. <span class=\"_ _6\"></span>Su <span class=\"_ _6\"></span>plazo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>amortizaci\u00f3n <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>10 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>con u<span class=\"_ _6\"></span>n period<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>carencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e 3 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>devengan un tipo de in<span class=\"_ _6\"></span>ter\u00e9s fijo que se sit\u00faa en el ra<span class=\"_ _6\"></span>ngo <span class=\"_ _6\"></span>0%-3,75<span class=\"ls39\">%.<span class=\"_ _33\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-585": {
   "value": "28.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Deuda financiera<span class=\"_ _33\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3\"> </span></span>La composici\u00f3n d<span class=\"_ _6\"></span>e la deuda financiera al <span class=\"_ _6\"></span>cierre d<span class=\"_ _6\"></span>e los ejercicios 2024 y<span class=\"_ _6\"></span> 2023 es la siguient<span class=\"_ _6\"></span>e:<span class=\"_ _33\"> </span> Pasivo no corriente<span class=\"_ _33\"> </span> Pasivo corriente<span class=\"_ _33\"> </span> Miles de Euros<span class=\"_ _33\"> </span> 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"ls0_1\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Obligaciones y otros valores negociables          <span class=\"ls0_1\">15.574 </span><span class=\"ls0_1\"> </span>78.697          <span class=\"ls0_1\">57.987 </span><span class=\"ls0_1\"> </span>53.047<span class=\"_ _33\"> </span> Deudas con entidades de cr\u00e9dito        <span class=\"ls0_1\">353.390 </span><span class=\"ls0_1\"> </span>287.658          <span class=\"ls0_1\">88.743 </span><span class=\"ls0_1\"> </span>118.063<span class=\"_ _33\"> </span> Otros pasivos financieros          <span class=\"ls0_1\">77.477 </span><span class=\"ls0_1\"> </span>73.876          <span class=\"ls0_1\">15.478 </span><span class=\"ls0_1\"> </span>13.844<span class=\"_ _33\"> </span> Total        <span class=\"ls9\">446.441 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>440.231<span class=\"ls0_1\"> </span>       <span class=\"ls9\">162.208 </span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>184.954<span class=\"_ _33\"> </span>28.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Deudas con en<span class=\"_ _1\"></span>tidades de cr\u00e9dito y<span class=\"_ _1\"></span> mercado de capita<span class=\"_ _e\"></span>les<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"> </span></span>La <span class=\"_ _1\"></span>composici\u00f3n de <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>deudas <span class=\"_ _e\"></span>con entidades <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>31 de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de 2024 y <span class=\"_ _e\"></span>2023, correspondientes<span class=\"_ _33\"> </span> a pr\u00e9stamos y<span class=\"_ _6\"></span> l\u00edneas de descuento, clas<span class=\"_ _6\"></span>ificadas de acuerdo<span class=\"_ _6\"></span> con sus<span class=\"_ _6\"></span> vencimientos, es la siguiente<span class=\"_ _15\"></span>:<span class=\"_ _33\"> </span> Vencimiento en el a\u00f1o<span class=\"_ _33\"> </span> 202<span class=\"ls0_1\">4<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>Corto plazo<span class=\"_ _33\"> </span> Largo Plazo  Miles de Euros<span class=\"_ _33\"> </span> L\u00edmite<span class=\"_ _33\"> </span> Saldo<span class=\"_ _33\"> </span> Dispuesto<span class=\"_ _33\"> </span> 202<span class=\"ls0_1\">5<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span>202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span>202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span>202<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span>Siguientes<span class=\"_ _33\"> </span> Deuda financiera Negocio CELULOSA -<span class=\"_ _33\"> </span> Obligaciones emitidas<span class=\"_ _33\"> </span> 73.561 73.561 57.987 15.574<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 130.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 278.182 278.182 75.598 78.957 67.306 40.576 15.746<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (<span class=\"ls9\">616</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">261</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">184</span>)<span class=\"_ _33\"> </span> (1<span class=\"ls9\">06<span class=\"ls0_1\">)</span></span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span>(<span class=\"ls9\">44</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">21</span>)<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.149<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2.149<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 481.743<span class=\"ls0_1\"> </span>353.276<span class=\"ls0_1\"> </span>135.473<span class=\"ls0_1\"> </span>94.347<span class=\"ls0_1\"> </span>67.200<span class=\"ls0_1\"> </span>40.532<span class=\"ls0_1\"> </span>15.725<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Deuda financiera Negocio RENOVABLES -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 20.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 167.647 167.552 11.968 11.968 11.288 15.572 116.756<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> - (5.228)<span class=\"_ _33\"> </span> (<span class=\"ls9\">804</span>)<span class=\"_ _33\"> </span> (<span class=\"ls9\">791</span>)<span class=\"_ _33\"> </span> (791) (791) (2.051)<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 95<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>95<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 187.552<span class=\"ls0_1\"> </span>162.419<span class=\"ls0_1\"> </span>11.259<span class=\"ls0_1\"> </span>11.177<span class=\"ls0_1\"> </span>10.497<span class=\"ls0_1\"> </span>14.781<span class=\"ls0_1\"> </span>114.705<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>669.295<span class=\"ls0_1\"> </span>515.695<span class=\"ls0_1\"> </span>146.732<span class=\"ls0_1\"> </span>105.524<span class=\"ls0_1\"> </span>77.697<span class=\"ls0_1\"> </span>55.313<span class=\"ls0_1\"> </span>130.430<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Vencimiento en el a\u00f1o<span class=\"_ _33\"> </span> 2023<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Corto plazo<span class=\"_ _33\"> </span> Largo Plazo  Miles de Euros<span class=\"_ _33\"> </span> L\u00edmite<span class=\"_ _33\"> </span> Saldo<span class=\"_ _33\"> </span> Dispuesto<span class=\"_ _33\"> </span> 2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>Siguientes<span class=\"_ _33\"> </span> Deuda financiera Negocio CELULOSA -<span class=\"_ _33\"> </span> Obligaciones emitidas<span class=\"_ _33\"> </span> 53.047 53.047 53.047<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 130.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 390.500 360.500 82.444 75.610 78.829 67.301 56.316<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (902)<span class=\"_ _33\"> </span> (285)<span class=\"_ _33\"> </span> (261)<span class=\"_ _33\"> </span> (184) (106)<span class=\"_ _33\"> </span> (65)<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 2.303<span class=\"_ _33\"> </span> 2.303<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 573.547<span class=\"ls0_1\"> </span>414.948<span class=\"ls0_1\"> </span>137.509<span class=\"ls0_1\"> </span>75.349<span class=\"ls0_1\"> </span>78.645<span class=\"ls0_1\"> </span>67.195<span class=\"ls0_1\"> </span>56.251<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>Deuda financiera Negocio RENOVABLES -<span class=\"_ _33\"> </span> Obligaciones emitidas<span class=\"_ _33\"> </span> 79.000 79.000<span class=\"_ _33\"> </span> - 79.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> 20.000<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> 43.983 43.983 33.733 10.250<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> (515)<span class=\"_ _33\"> </span> (180)<span class=\"_ _33\"> </span> (335)<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 48<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>48<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 142.983<span class=\"ls0_1\"> </span>122.516<span class=\"ls0_1\"> </span>33.601<span class=\"ls0_1\"> </span>88.915<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span>-<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> -<span class=\"_ _33\"> </span> 716.530<span class=\"ls0_1\"> </span>537.464<span class=\"ls0_1\"> </span>171.110<span class=\"ls0_1\"> </span>164.264<span class=\"ls0_1\"> </span>78.645<span class=\"ls0_1\"> </span>67.195<span class=\"ls0_1\"> </span>56.251<span class=\"_ _33\"> </span>Cada uno de <span class=\"_ _e\"></span>los negocios del Grupo se <span class=\"_ _e\"></span>financia de forma <span class=\"_ _1\"></span>independiente del <span class=\"_ _1\"></span>otro. No hay re<span class=\"_ _1\"></span>curso o <span class=\"_ _1\"></span>garant\u00edas significativas entre a<span class=\"_ _6\"></span>mbos. Los <span class=\"_ _15\"></span>pago<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>intereses <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>revistos <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>futuro <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>ociados <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>\u201cDeudas <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>cr\u00e9dito <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>mercado <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> capitales\u201d <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>\u201cOtros <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"></span>financieros <span class=\"_ _11\"> </span>\u2013<span class=\"ff4\"> <span class=\"_ _11\"></span></span>financiaci\u00f3n <span class=\"_ _0\"></span>organ<span class=\"_ _6\"></span>ismos <span class=\"_ _11\"> </span>p\u00fablicos\u201d, <span class=\"_ _11\"></span>considerando <span class=\"_ _11\"></span>los <span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>iveles <span class=\"_ _11\"></span>de endeudamiento <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>inter\u00e9s <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>mercado <span class=\"_ _15\"></span>actuales<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>consid<span class=\"_ _6\"></span>erar <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>coberturas <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s contratadas<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituar\u00e1n <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>entorno <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0-12 <span class=\"_ _6\"></span><span class=\"ff6\">millone<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>\u20ac <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>Celulosa <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>entorno <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span></span>8-9 millones \u20ac en ENCE Renov<span class=\"_ _6\"></span>ables.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>El <span class=\"_ _1\"></span>coste <span class=\"_ _1\"></span>medio <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>la deuda <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>2024 <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>2023 ha <span class=\"_ _e\"></span>sido <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>4,7% y <span class=\"_ _e\"></span>4,64%, re<span class=\"_ _1\"></span>spectivamente. Por <span class=\"_ _e\"></span>negocios, ENCE <span class=\"_ _10\"></span>Celulosa <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>tenido <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>coste <span class=\"_ _10\"></span>medio <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>dichos <span class=\"_ _10\"></span>periodos <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>4,<span class=\"_ _6\"></span><span class=\"lse\">50</span>% <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>4,<span class=\"lse\">68</span>%, <span class=\"_ _10\"></span>respectivamente, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>EN<span class=\"_ _6\"></span>CE Renovables del 5,25% y<span class=\"_ _6\"></span> 4,51%<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> Al <span class=\"_ _10\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _0\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>empresas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>cumplen <span class=\"_ _0\"></span>\u00edntegramente <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>ob<span class=\"_ _6\"></span>ligaciones financieras <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cualquier <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>pudieran <span class=\"_ _6\"></span>dar <span class=\"_ _6\"></span>lu<span class=\"_ _6\"></span>gar al <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>ticipado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>s compro<span class=\"_ _6\"></span>misos financieros.  La <span class=\"_ _1e\"> </span>finan<span class=\"_ _6\"></span>ciaci\u00f3n <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>ENCE <span class=\"_ _17\"> </span>no <span class=\"_ _17\"> </span>est\u00e1 <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>ujeta <span class=\"_ _1e\"> </span>a <span class=\"_ _17\"> </span>ning\u00fan <span class=\"_ _17\"> </span>tipo <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>cl\u00e1usula <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>implique <span class=\"_ _17\"> </span>su <span class=\"_ _1e\"> </span>modificaci\u00f3n <span class=\"_ _17\"> </span>o renegociaci\u00f3n como cons<span class=\"_ _6\"></span>ecuencia de un<span class=\"_ _6\"></span>a variaci\u00f3n en la<span class=\"_ _6\"></span> calificaci\u00f3n crediticia<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _6\"></span></span> Endeuda<span class=\"_ _1\"></span>miento Negocio Celulosa<span class=\"_ _1\"></span> Obligaciones El <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>octubre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2023 <span class=\"_ _10\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _0\"></span>incorpor\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>programa <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pagar\u00e9s <span class=\"_ _0\"></span>sostenibl<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Mercado Alternativo de Renta Fija (MARF) con un <span class=\"_ _1\"></span>l\u00edmite m\u00e1ximo de 200 millones \u20ac y <span class=\"_ _1\"></span>vencimientos de hasta 24 meses<span class=\"_ _6\"></span><span class=\"ff4\"> </span>y un coste medio <span class=\"_ _6\"></span>en 2024 del <span class=\"_ _6\"></span>4,53%<span class=\"lsf\">. </span> L\u00ednea de cr\u00e9d<span class=\"_ _6\"></span>ito revolving ENCE <span class=\"_ _6\"></span>man<span class=\"_ _6\"></span>tiene <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>sindicato <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>ancos <span class=\"_ _15\"></span>nacionales <span class=\"_ _15\"></span>e <span class=\"_ _6\"></span>internacio<span class=\"_ _15\"></span>nales <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cr\u00e9dito <span class=\"_ _6\"></span>(revolv<span class=\"_ _6\"></span>ing credit <span class=\"_ _6\"></span>facility) <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span><span class=\"lse\">130 <span class=\"_ _6\"></span></span>mil<span class=\"_ _6\"></span>lones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>2026. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>sta <span class=\"_ _6\"></span>l\u00ednea <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>deveng<span class=\"_ _6\"></span>a un tipo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>inter\u00e9s<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>referenciado <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Euribor<span class=\"_ _6\"></span><span class=\"ls16\">. </span>El <span class=\"_ _e\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inter\u00e9s <span class=\"_ _e\"></span>estab<span class=\"_ _6\"></span>lecido <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>odr\u00e1 verse <span class=\"_ _e\"></span>modificado anualmente en <span class=\"_ _15\"></span>25 <span class=\"_ _10\"></span>pun<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>b\u00e1sicos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>funci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ostenibilidad <span class=\"_ _10\"></span>medioambi<span class=\"_ _6\"></span>ental <span class=\"_ _10\"></span>Sustainaly<span class=\"_ _6\"></span>tics <span class=\"_ _15\"></span>obtenid<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>por<span class=\"_ _33\"> </span>ENCE, <span class=\"_ _6\"></span>que eval\u00fa<span class=\"_ _6\"></span>a dicha <span class=\"_ _6\"></span>deuda como <span class=\"_ _6\"></span>\u201cfinanciaci\u00f3n <span class=\"_ _6\"></span>verde\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _6\"></span>Es<span class=\"_ _6\"></span>ta finan<span class=\"_ _6\"></span>ciaci\u00f3n est\u00e1<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>su totalidad <span class=\"_ _6\"></span>disponible </span>al 31 de diciembre de 20<span class=\"_ _6\"></span>24. Pr\u00e9stamos ENCE <span class=\"_ _6\"></span>mantiene <span class=\"_ _6\"></span>sus<span class=\"_ _6\"></span>critos <span class=\"_ _6\"></span>pr\u00e9stamos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>conjunto <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span><span class=\"lse\">278</span> <span class=\"_ _6\"></span><span class=\"ff6\">millones <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vencimientos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en</span>tre <span class=\"_ _6\"></span><span class=\"lse\">202</span>5<span class=\"_ _6\"></span> y <span class=\"ls0_1\">2030. <span class=\"_ _1\"></span>Una parte de los <span class=\"_ _1\"></span>pr\u00e9stamos con un nominal de 21,<span class=\"lse\">16</span> <span class=\"ff6\">millones \u20ac <span class=\"_ _1\"></span>devenga un tipo de inter\u00e9s <span class=\"_ _1\"></span>fijo en el<span class=\"_ _e\"></span> </span></span>rango <span class=\"_ _6\"></span>1,95%<span class=\"_ _6\"></span>-4,6%. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _6\"></span>resta<span class=\"_ _6\"></span>nte <span class=\"_ _6\"></span>devenga <span class=\"_ _15\"></span>interes<span class=\"_ _6\"></span>es, <span class=\"_ _15\"></span>principalmente <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>eferenciados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>Euribor <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n diferencial en el rango <span class=\"_ _6\"></span>1,35%-2,0%. El tipo d<span class=\"_ _6\"></span>e inter\u00e9s establecido en el 76% de los contra<span class=\"_ _6\"></span>tos suscritos<span class=\"_ _6\"></span> podr\u00e1 verse modificado a<span class=\"_ _6\"></span>nualmente en 25<span class=\"_ _6\"></span> puntos<span class=\"_ _6\"></span> b\u00e1sicos<span class=\"_ _6\"></span> en funci\u00f3n del ratin<span class=\"_ _6\"></span>g de so<span class=\"_ _6\"></span>stenibilidad<span class=\"_ _15\"></span> medioambi<span class=\"_ _6\"></span>ental Sustainalytics<span class=\"_ _6\"></span> obtenido por ENCE.<span class=\"_ _6\"></span> Al objeto de cubrir e<span class=\"_ _1\"></span>l riesgo derivado de <span class=\"_ _1\"></span>la contrataci\u00f3n de <span class=\"_ _1\"></span>esta financiaci\u00f3n a tipo de <span class=\"_ _1\"></span>inter\u00e9s variable, ENCE ha suscrito swaps de tipo de <span class=\"_ _1\"></span>inter\u00e9s que cubren el <span class=\"lse\">47</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"_ _1\"></span>variable, a un tipo fijo medio de 3,32% (v\u00e9as<span class=\"_ _6\"></span>e Nota <span class=\"_ _6\"></span><span class=\"lse\">30</span>).<span class=\"_ _33\"> </span>Financiaci\u00f3n Ne<span class=\"_ _1\"></span>gocio Ener<span class=\"_ _1\"></span>g\u00eda Renovable Financiaci\u00f3n corpo<span class=\"_ _6\"></span>rativa Con <span class=\"_ _6\"></span>fecha <span class=\"_ _15\"></span>11 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>julio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024, <span class=\"_ _6\"></span>Ma<span class=\"_ _6\"></span>gnon <span class=\"_ _6\"></span>Green <span class=\"_ _15\"></span>Energy, <span class=\"_ _15\"></span>S.L. <span class=\"_ _6\"></span>(<span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>elante <span class=\"_ _6\"></span>\u201cMA<span class=\"_ _6\"></span>GNON\u201d), <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>acord<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un sindicato formado<span class=\"_ _6\"></span> por 14 enti<span class=\"_ _6\"></span>dades u<span class=\"_ _6\"></span>n contrato<span class=\"_ _6\"></span> de pr\u00e9stamo por u<span class=\"_ _6\"></span>n importe d<span class=\"_ _6\"></span>e 170 mil<span class=\"_ _6\"></span>lones \u20ac y u<span class=\"_ _6\"></span>na l\u00ednea de cr\u00e9dito (RCF) por importe <span class=\"_ _6\"></span>de 20 millones<span class=\"_ _6\"></span> \u20ac<span class=\"ff4\">. Su<span class=\"_ _6\"></span> detalle al 31/12/2<span class=\"_ _6\"></span>024 es el sigui<span class=\"_ _6\"></span>ente: </span>Miles de Euros Tipo de  Disponible Dispuesto Vencimiento Inter\u00e9s Tramo 1\u00ba               <span class=\"ls0_1\">65.552  </span>              <span class=\"ls0_1\">65.552  </span>jul-<span class=\"ls9\">2031</span> 2,00%-2,75% (i) Tramo 2\u00ba               <span class=\"ls0_1\">72.000  </span>              <span class=\"ls0_1\">72.000  </span>ene<span class=\"ls0_1\">-2032 (ii) </span>3% (i) Tramo 3\u00ba               <span class=\"ls0_1\">30.000  </span>              <span class=\"ls0_1\">30.000  </span>ene<span class=\"ls0_1\">-2032 (ii) </span>5,82% Tramo 4\u00ba               <span class=\"ls0_1\">20.000  </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>jul-<span class=\"ls9\">2031</span> 1,25%-2,00% (i)             <span class=\"ls9\">187.552 <span class=\"ls0_1\"> </span></span>            <span class=\"ls9\">167.552 <span class=\"ls0_1\"> </span></span>(i)<span class=\"ff2 ls0_1\"> <span class=\"_ _29\"> </span><span class=\"ff4 fs1\">Euribor <span class=\"_ _1\"></span>6 <span class=\"_ _1\"></span>meses m\u00e1s <span class=\"_ _1\"></span>diferencial descrito. <span class=\"_ _e\"></span>En los tr<span class=\"_ _1\"></span>amos bancarios, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>tipo es <span class=\"_ _e\"></span>variable en funci\u00f3n <span class=\"_ _e\"></span>del ratio </span></span>de endeudamiento de las entidades que conforman el per\u00edmetro de la financiaci\u00f3n. (ii)<span class=\"ff2 ls0_1\"> <span class=\"_ _2a\"> </span><span class=\"ff4 fs1\">Vencimiento \u00edntegro (bullet) en la fecha indicad<span class=\"_ _1\"></span>a.<span class=\"_ _6\"></span> </span></span>Esta <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>incluye <span class=\"_ _10\"></span>como <span class=\"_ _15\"></span>principales <span class=\"_ _10\"></span>garant\u00edas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>renda <span class=\"_ _15\"></span>sobre <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>acciones <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>sociedades <span class=\"_ _15\"></span>Celulos<span class=\"_ _6\"></span>a Energ\u00eda <span class=\"_ _e\"></span>S.A.U., <span class=\"_ _1\"></span>Ence <span class=\"_ _1\"></span>Energ\u00eda <span class=\"_ _e\"></span>P<span class=\"_ _6\"></span>uertollano, S.L.U., <span class=\"_ _e\"></span>ENCE <span class=\"_ _1\"></span>Energ\u00eda Huelva, <span class=\"_ _e\"></span>S.L.U., <span class=\"_ _e\"></span>En<span class=\"_ _6\"></span>ce <span class=\"_ _e\"></span>Energ\u00eda Huelva <span class=\"_ _e\"></span>Dos <span class=\"_ _e\"></span>S.L.U.,<span class=\"_ _6\"></span> ENCE E<span class=\"_ _6\"></span>nerg\u00eda Ext<span class=\"_ _6\"></span>remadura, S.<span class=\"_ _6\"></span>L.U. y<span class=\"_ _6\"></span> Magnon <span class=\"_ _6\"></span>Biomas<span class=\"_ _6\"></span>a, S.L.,<span class=\"_ _6\"></span> sob<span class=\"_ _6\"></span>re sus<span class=\"_ _6\"></span> activos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>derechos d<span class=\"_ _6\"></span>e cobro, <span class=\"_ _6\"></span>actuales y futuros. Asimismo, <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>incluye <span class=\"_ _15\"></span>determinadas <span class=\"_ _15\"></span>obligaciones, <span class=\"_ _15\"></span>habituales <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span>; <span class=\"_ _6\"></span>el suministro <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinada <span class=\"_ _1c\"> </span>informaci\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>car\u00e1cter <span class=\"_ _1c\"> </span>operativ<span class=\"_ _6\"></span>o <span class=\"_ _1b\"> </span>y <span class=\"_ _1c\"> </span>financiera <span class=\"_ _19\"> </span><span class=\"ls35\">y <span class=\"_ _1c\"> </span></span>el <span class=\"_ _1b\"> </span>cumplimiento <span class=\"_ _1c\"> </span>d<span class=\"_ _6\"></span>e determinados <span class=\"_ _19\"> </span>ratios <span class=\"_ _1b\"> </span>econ\u00f3<span class=\"_ _6\"></span>micos <span class=\"_ _19\"> </span>de <span class=\"_ _1b\"> </span>solvencia <span class=\"_ _19\"> </span>y <span class=\"_ _1b\"> </span>rentab<span class=\"_ _6\"></span>ilidad. <span class=\"_ _19\"> </span>El <span class=\"_ _1b\"> </span>acuerdo <span class=\"_ _19\"> </span>contempla <span class=\"_ _1b\"> </span>asimismo <span class=\"_ _19\"> </span>el<span class=\"_ _33\"> </span>cumplimiento de determin<span class=\"_ _6\"></span>ados ratios<span class=\"_ _6\"></span> ligados al endeudamiento, la s<span class=\"_ _6\"></span>ituaci\u00f3n patrimonial y la<span class=\"_ _6\"></span> capacidad de generaci\u00f3n de caja del ne<span class=\"_ _6\"></span>gocio, p<span class=\"_ _6\"></span>ara poder llevar a cab<span class=\"_ _6\"></span>o el reparto de <span class=\"_ _6\"></span>divid<span class=\"_ _6\"></span>endos. El importe de los cos<span class=\"_ _6\"></span>tes de estructu<span class=\"_ _6\"></span>raci\u00f3n y otro<span class=\"_ _6\"></span>s gastos incurridos<span class=\"_ _6\"></span> en la obtenci\u00f3n d<span class=\"_ _6\"></span>e esta financiaci\u00f3n ha sido de 5,5 millones \u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>Al <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cubrir <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>derivado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>trataci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _0\"></span>variable, MAGNON <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>tar\u00e1 <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fase <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>c<span class=\"_ _6\"></span>ierre <span class=\"_ _6\"></span>cob<span class=\"_ _6\"></span>erturas <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s <span class=\"_ _15\"></span>(IRS) <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>dan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cob<span class=\"_ _6\"></span>ertura <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>70 <span class=\"_ _15\"></span>% de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>dispuesta. <span class=\"_ _6\"></span>Ad<span class=\"_ _6\"></span>icionalmente <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>han <span class=\"_ _15\"></span>cancelad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>IRS <span class=\"_ _6\"></span>contrata<span class=\"_ _6\"></span>dos <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>cobertura <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la financiaci\u00f3n previa (v<span class=\"_ _6\"></span>\u00e9ase Nota <span class=\"_ _6\"></span><span class=\"lse\">30<span class=\"ls19\">).</span></span> El <span class=\"_ _6\"></span>destino <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>ha <span class=\"_ _6\"></span>sido<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cancelar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>puesta <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>negocio <span class=\"_ _6\"></span>firmada <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>201<span class=\"_ _15\"></span>7 <span class=\"_ _6\"></span><span class=\"ls1c\">y </span>la <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>operacio<span class=\"_ _6\"></span>nes <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>necesidades <span class=\"_ _10\"></span>generales <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>MAGNON. <span class=\"_ _15\"></span>Ad<span class=\"_ _6\"></span>icionalment<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ha <span class=\"_ _15\"></span>permitido<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la distribuci\u00f3n de <span class=\"_ _e\"></span>25 mill<span class=\"_ _1\"></span>ones \u20ac <span class=\"_ _e\"></span>en compensaci\u00f3n <span class=\"_ _e\"></span>de los <span class=\"_ _e\"></span>pr\u00e9s<span class=\"_ _6\"></span>tamos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>uente <span class=\"_ _1\"></span>otorgados por <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>accionistas hasta que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>produjera <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>implementa<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>cambio <span class=\"_ _6\"></span>regulato<span class=\"_ _6\"></span>rio <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>sector <span class=\"_ _15\"></span>energ\u00e9tico <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>licable <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>plan<span class=\"_ _6\"></span>tas de MAGNON. Esta financiaci\u00f3<span class=\"_ _6\"></span>n cumple los requisitos para su reconocimiento como una nueva fi<span class=\"_ _6\"></span>nanciaci\u00f3n<span class=\"_ _6\"></span> y no como un<span class=\"_ _6\"></span>a modificaci\u00f3n de la financiaci\u00f3n<span class=\"_ _6\"></span> existente<span class=\"_ _6\"></span> previamente.<span class=\"_ _6\"></span><span class=\"ff3\"> </span>Financiaci\u00f3n cance<span class=\"_ _6\"></span>lada Pr\u00e9stamo <span class=\"_ _1a\"> </span>sindicado<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>importe  dispuesto  a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>fecha  de <span class=\"_ _12\"> </span>cancelaci\u00f3n  de <span class=\"_ _12\"> </span>31.616<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>mil<span class=\"_ _6\"></span>es  <span class=\"ff6\">\u20ac</span>, <span class=\"_ _12\"> </span>estructura<span class=\"_ _6\"></span>do inicialmente <span class=\"_ _11\"> </span>en<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>4 <span class=\"_ _11\"> </span>tra<span class=\"_ _6\"></span>mos, <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>n <span class=\"_ _11\"> </span><span class=\"ls11\">un <span class=\"_ _12\"> </span></span>disponible <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>momento <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>su<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>contrata<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>170 <span class=\"_ _11\"> </span>m<span class=\"_ _6\"></span>illones. <span class=\"_ _12\"> </span>Esta financiaci\u00f3n <span class=\"_ _0\"></span>presentab<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>30 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ap<span class=\"_ _6\"></span>roximadamente <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>80% <span class=\"_ _0\"></span>estaba<span class=\"_ _33\"> </span>contratada <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>variable <span class=\"_ _0\"></span>referenciado <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>Euribor <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>margen <span class=\"_ _10\"></span>situado <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _0\"></span>rango <span class=\"_ _0\"></span>1,25<span class=\"ls39\">% <span class=\"_ _0\"></span></span>- 3,25<span class=\"ls0_1\">% <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> el <span class=\"_ _e\"></span>20% restante <span class=\"_ _e\"></span>a un <span class=\"_ _1\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s anual <span class=\"_ _e\"></span>fijo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de 3,45%. <span class=\"_ _1\"></span>Las comisiones <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>agadas en <span class=\"_ _e\"></span>el ejercicio <span class=\"_ _e\"></span>20<span class=\"_ _6\"></span>17 </span>derivadas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>esta <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _11\"> </span>ascend<span class=\"_ _6\"></span>ieron <span class=\"_ _11\"> </span><span class=\"ls2f\">a <span class=\"_ _11\"></span></span>5.813 <span class=\"_ _0\"></span>miles <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Euro<span class=\"_ _6\"></span>s. <span class=\"_ _11\"></span><span class=\"ls12\">Est</span>a <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _11\"> </span>inclu\u00eda <span class=\"_ _0\"></span>gara<span class=\"_ _6\"></span>nt\u00edas <span class=\"_ _11\"> </span><span class=\"ls35\">y </span>obligaciones est\u00e1nd<span class=\"_ _6\"></span>ar de mercado y<span class=\"_ _6\"></span> similares a las exigidas<span class=\"_ _6\"></span> en financiaci\u00f3n actual<span class=\"_ _15\"></span>. Dos <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>bligaciones <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>fueron <span class=\"_ _15\"></span>sus<span class=\"_ _6\"></span>critas <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>varios <span class=\"_ _15\"></span>fondos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>importe <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>endiente <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>amortizar <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> la <span class=\"_ _e\"></span>fecha <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>canc<span class=\"_ _6\"></span>elaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>79.000 <span class=\"_ _1\"></span>miles <span class=\"_ _e\"></span>\u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stas <span class=\"_ _1\"></span>obligaciones <span class=\"_ _1\"></span>presentaban <span class=\"_ _1\"></span>su <span class=\"_ _e\"></span>vencimiento <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>30 <span class=\"_ _e\"></span>de diciembre </span>de 2025 y<span class=\"_ _6\"></span> devengab<span class=\"_ _6\"></span>a un<span class=\"_ _6\"></span> tipo <span class=\"_ _6\"></span>de in<span class=\"_ _6\"></span>ter\u00e9s fijo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>3,45% y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"fs1\">estaban <span class=\"_ _6\"></span>admitidas a co<span class=\"_ _6\"></span>tizaci\u00f3n en la<span class=\"_ _6\"></span> bolsa de valo<span class=\"_ _6\"></span>res de<span class=\"_ _6\"></span> </span>Frankfurt (Freiverkehr).<span class=\"_ _33\"> </span>28.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Otros pasivos<span class=\"_ _1\"></span> financieros </span></span>El <span class=\"_ _e\"></span>detalle <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>Financiera<span class=\"_ _6\"></span> Consolidado <span class=\"_ _e\"></span>al 31 <span class=\"_ _a\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>de 2024 <span class=\"_ _e\"></span>y 2023 es el siguiente: Vencimiento en el a\u00f1o Corto Plazo Largo Plazo  2024<span class=\"ls0_1\"> </span>Miles de euros Saldo Dispuesto 2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>2029<span class=\"ls0_1\"> </span>Siguientes Otros pasivos financieros Negocio CELULOSA - Financiaci\u00f3n organismos p\u00fablicos 34.407 8.459 8.019 6.279 6.371 3.891 1.3<span class=\"ls9\">88</span> Pasivos por derecho de uso (Nota 17) 52.803 5.251 4.780 4.657 3.509 2.932 31.674 87.210<span class=\"ls0_1\"> </span>13.710<span class=\"ls0_1\"> </span>12.799<span class=\"ls0_1\"> </span>10.936<span class=\"ls0_1\"> </span>9.880<span class=\"ls0_1\"> </span>6.823<span class=\"ls0_1\"> </span>33.062<span class=\"ls0_1\"> </span>Otros pasivos financieros Negocio RENOVABLES - Pasivos por derecho de uso (Nota 17) 5.744 1.768 1.628 1.107 786<span class=\"ls0_1\"> </span>410<span class=\"ls0_1\"> </span>45 5.744<span class=\"ls0_1\"> </span>1.768<span class=\"ls0_1\"> </span>1.628<span class=\"ls0_1\"> </span>1.107<span class=\"ls0_1\"> </span>786<span class=\"ls0_1\"> </span>410<span class=\"ls0_1\"> </span>45 92.954<span class=\"ls0_1\"> </span>15.478<span class=\"ls0_1\"> </span>14.427<span class=\"ls0_1\"> </span>12.043<span class=\"ls0_1\"> </span>10.666<span class=\"ls0_1\"> </span>7.233<span class=\"ls0_1\"> </span>33.10<span class=\"ls0_1\">7 </span>Vencimiento en el a\u00f1o Corto Plazo  Largo Plazo 2023<span class=\"ls0_1\"> </span>Miles de euros Saldo Dispuesto 2024<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>Siguientes Otros pasivos financieros Negocio CELULOSA - Financiaci\u00f3n organismos p\u00fablicos 42.885 8.737 8.130 8.161 6.305 6.316 5.236 Pasivos por derecho de uso (Nota 17) 42.003 4.005 3.791 3.128 2.667 1.570 26.842 84.888<span class=\"ls0_1\"> </span>12.742<span class=\"ls0_1\"> </span>11.921<span class=\"ls0_1\"> </span>11.289<span class=\"ls0_1\"> </span>8.972<span class=\"ls0_1\"> </span>7.886<span class=\"ls0_1\"> </span>32.078<span class=\"ls0_1\"> </span>Otros pasivos financieros Negocio RENOVABLES - Pasivos por derecho de uso (Nota 17) 2.832 1.102 665<span class=\"ls0_1\"> </span>516<span class=\"ls0_1\"> </span>320<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>2.832<span class=\"ls0_1\"> </span>1.102<span class=\"ls0_1\"> </span>665<span class=\"ls0_1\"> </span>516<span class=\"ls0_1\"> </span>320<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>87.720<span class=\"ls0_1\"> </span>13.844<span class=\"ls0_1\"> </span>12.586<span class=\"ls0_1\"> </span>11.805<span class=\"ls0_1\"> </span>9.292<span class=\"ls0_1\"> </span>8.038<span class=\"ls0_1\"> </span>32.155<span class=\"ls0_1\"> </span>La <span class=\"_ _11\"> </span>cuenta <span class=\"_ _12\"> </span>\u201cFinanciaci\u00f3n <span class=\"_ _12\"> </span>organ<span class=\"_ _6\"></span>ismos <span class=\"_ _11\"> </span>p\u00fa<span class=\"_ _6\"></span>blicos\u201d <span class=\"_ _11\"> </span>corres<span class=\"_ _6\"></span>ponde <span class=\"_ _11\"> </span>fundamental<span class=\"_ _6\"></span>mente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>r\u00e9stamos <span class=\"_ _12\"> </span>obtenidos, normalmente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>favorables, <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>financian <span class=\"_ _11\"> </span>proyectos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>amp<span class=\"_ _6\"></span>liaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>mejora <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>la<span class=\"_ _1\"></span> capacidad productiv<span class=\"_ _6\"></span>a de las <span class=\"_ _1\"></span>biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"_ _1\"></span>actividades de<span class=\"_ _33\"> </span>I+D+i en <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE. <span class=\"_ _6\"></span>Su <span class=\"_ _6\"></span>plazo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>amortizaci\u00f3n <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>10 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>con u<span class=\"_ _6\"></span>n period<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>carencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e 3 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>devengan un tipo de in<span class=\"_ _6\"></span>ter\u00e9s fijo que se sit\u00faa en el ra<span class=\"_ _6\"></span>ngo <span class=\"_ _6\"></span>0%-3,75<span class=\"ls39\">%.<span class=\"_ _33\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "28.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Deuda financiera<span class=\"_ _33\"> </span></span></span>La composici\u00f3n d<span class=\"_ _6\"></span>e la deuda financiera al <span class=\"_ _6\"></span>cierre d<span class=\"_ _6\"></span>e los ejercicios 2024 y<span class=\"_ _6\"></span> 2023 es la siguient<span class=\"_ _6\"></span>e:<span class=\"_ _33\"> </span>Pasivo no corriente<span class=\"_ _33\"> </span>Pasivo corriente<span class=\"_ _33\"> </span>Miles de Euros<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span>31/12/202331/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span>31/12/2023<span class=\"_ _33\"> </span>Obligaciones y otros valores negociables         <span class=\"ls0_1\">15.574 </span>78.697         <span class=\"ls0_1\">57.987 </span>53.047<span class=\"_ _33\"> </span>Deudas con entidades de cr\u00e9dito       <span class=\"ls0_1\">353.390 </span>287.658         <span class=\"ls0_1\">88.743 </span>118.063<span class=\"_ _33\"> </span>Otros pasivos financieros         <span class=\"ls0_1\">77.477 </span>73.876         <span class=\"ls0_1\">15.478 </span>13.844<span class=\"_ _33\"> </span>Total       <span class=\"ls9\">446.441 </span>440.231       <span class=\"ls9\">162.208 </span>184.954<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gs3c4\"><div class=\"t_1 m0_1 x71 h46 y27a ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">28.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Deudas con en<span class=\"_ _1\"></span>tidades de cr\u00e9dito y<span class=\"_ _1\"></span> mercado de capita<span class=\"_ _e\"></span>les<span class=\"_ _33\"> </span></span></span><span class=\"ff5\"><span class=\"ff3 fc2\"> </span></span></div><div class=\"t_1 m0_1 x1f h8 y6b1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _1\"></span>composici\u00f3n de <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>deudas <span class=\"_ _e\"></span>con entidades <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>31 de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de 2024 y <span class=\"_ _e\"></span>2023, correspondientes<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x1f h8 y6fa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a pr\u00e9stamos y<span class=\"_ _6\"></span> l\u00edneas de descuento, clas<span class=\"_ _6\"></span>ificadas de acuerdo<span class=\"_ _6\"></span> con sus<span class=\"_ _6\"></span> vencimientos, es la siguiente<span class=\"_ _15\"></span>:<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w192 ha6 gs3c5\"><div class=\"t_1 m0_1 x6 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f ha6 gs3c6\"><div class=\"t_1 m0_1 x12 h1f y581 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">4<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 ha6 gs3c7\"><div class=\"t_1 m0_1 x12 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w194 ha6 gs3c8\"><div class=\"t_1 m0_1 x4a h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></div><div class=\"c_1 w18f h7f gs3c9\"><div class=\"t_1 m0_1 x12 h1f y70b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h7f gs3ca\"><div class=\"t_1 m0_1 x12 h1f y70b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h7f gs3cb\"><div class=\"t_1 m0_1 x4 h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x5a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h7f gs3cc\"><div class=\"t_1 m0_1 x2a h1f y70b ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">5<span class=\"_ _33\"> </span></span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w195 h7f gs3cd\"><div class=\"t_1 m0_1 x29 h1f y70b ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">6</span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdd h7f gs3ce\"><div class=\"t_1 m0_1 x2a h1f y70b ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">7</span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h7f gs3cf\"><div class=\"t_1 m0_1 x32 h1f y70b ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">8</span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w6c h7f gs3d0\"><div class=\"t_1 m0_1 x12 h1f y70b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs3d1\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio CELULOSA -<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs3d2\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones emitidas<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs3d3\"><div class=\"t_1 m0_1 x32 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></div><div class=\"c_1 w191 h23 gs3d4\"><div class=\"t_1 m0_1 x5 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></div><div class=\"c_1 w18 h23 gs3d5\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">57.987 </div></div><div class=\"c_1 w195 h23 gs3d6\"><div class=\"t_1 m0_1 x87 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">15.574<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs3d7\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs3d8\"><div class=\"t_1 m0_1 x65 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs3d9\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs3da\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs3db\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">130.000<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h23 gs3dc\"><div class=\"t_1 m0_1 x1c h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h23 gs3dd\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w195 h23 gs3de\"><div class=\"t_1 m0_1 x13 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs3df\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs3e0\"><div class=\"t_1 m0_1 x65 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs3e1\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h58 gs3e2\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h58 gs3e3\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">278.182 </div></div><div class=\"c_1 w191 h58 gs3e4\"><div class=\"t_1 m0_1 x2a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">278.182 </div></div><div class=\"c_1 w18 h58 gs3e5\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">75.598 </div></div><div class=\"c_1 w195 h58 gs3e6\"><div class=\"t_1 m0_1 x87 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">78.957 </div></div><div class=\"c_1 wdd h58 gs3e7\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">67.306 </div></div><div class=\"c_1 w196 h58 gs3e8\"><div class=\"t_1 m0_1 x11 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">40.576 </div></div><div class=\"c_1 w6c h58 gs3e9\"><div class=\"t_1 m0_1 x1a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">15.746<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs3ea\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs3eb\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h23 gs3ec\"><div class=\"t_1 m0_1 x7f h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls9\">616</span>)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h23 gs3ed\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls9\">261</span>)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w195 h23 gs3ee\"><div class=\"t_1 m0_1 x2a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls9\">184</span>)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs3ef\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls28 ws0_1\">(1<span class=\"ls9\">06<span class=\"ls0_1\">)</span></span><span class=\"ls9\"><span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w196 h23 gs3f0\"><div class=\"t_1 m0_1 x1a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls9\">44</span>)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs3f1\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls9\">21</span>)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs3f2\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs3f3\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h23 gs3f4\"><div class=\"t_1 m0_1 x15 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2.149<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 h23 gs3f5\"><div class=\"t_1 m0_1 x7f h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2.149<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w195 h23 gs3f6\"><div class=\"t_1 m0_1 x13 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs3f7\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs3f8\"><div class=\"t_1 m0_1 x65 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs3f9\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs3fa\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">481.743<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w191 h23 gs3fb\"><div class=\"t_1 m0_1 x2a h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">353.276<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 h23 gs3fc\"><div class=\"t_1 m0_1 x2a h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">135.473<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w195 h23 gs3fd\"><div class=\"t_1 m0_1 x87 h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">94.347<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdd h23 gs3fe\"><div class=\"t_1 m0_1 x1e h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">67.200<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h23 gs3ff\"><div class=\"t_1 m0_1 x11 h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">40.532<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w6c h23 gs400\"><div class=\"t_1 m0_1 x2a h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">15.725<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18f h23 gs401\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio RENOVABLES -<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs402\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs403\"><div class=\"t_1 m0_1 x32 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">20.000<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h23 gs404\"><div class=\"t_1 m0_1 x1c h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h23 gs405\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w195 h23 gs406\"><div class=\"t_1 m0_1 x13 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs407\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs408\"><div class=\"t_1 m0_1 x65 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs409\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs40a\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs40b\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">167.647 </div></div><div class=\"c_1 w191 h23 gs40c\"><div class=\"t_1 m0_1 x2a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">167.552 </div></div><div class=\"c_1 w18 h23 gs40d\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></div><div class=\"c_1 w195 h23 gs40e\"><div class=\"t_1 m0_1 x87 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">11.968 </div></div><div class=\"c_1 wdd h23 gs40f\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">11.288 </div></div><div class=\"c_1 w196 h23 gs410\"><div class=\"t_1 m0_1 x11 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">15.572 </div></div><div class=\"c_1 w6c h23 gs411\"><div class=\"t_1 m0_1 x10 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">116.756<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs412\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs413\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w191 h23 gs414\"><div class=\"t_1 m0_1 xe h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(5.228)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h23 gs415\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls9\">804</span>)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w195 h23 gs416\"><div class=\"t_1 m0_1 x2a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(<span class=\"ls9\">791</span>)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs417\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></div><div class=\"c_1 w196 h23 gs418\"><div class=\"t_1 m0_1 x10 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(791) </div></div><div class=\"c_1 w6c h23 gs419\"><div class=\"t_1 m0_1 x2a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.051)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs41a\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs41b\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h23 gs41c\"><div class=\"t_1 m0_1 x2d h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">95<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 h23 gs41d\"><div class=\"t_1 m0_1 x38 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">95<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w195 h23 gs41e\"><div class=\"t_1 m0_1 x13 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs41f\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs420\"><div class=\"t_1 m0_1 x65 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs421\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs422\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">187.552<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w191 h23 gs423\"><div class=\"t_1 m0_1 x2a h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">162.419<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 h23 gs424\"><div class=\"t_1 m0_1 x1e h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">11.259<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w195 h23 gs425\"><div class=\"t_1 m0_1 x87 h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">11.177<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdd h23 gs426\"><div class=\"t_1 m0_1 x1e h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">10.497<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h23 gs427\"><div class=\"t_1 m0_1 x11 h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">14.781<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w6c h23 gs428\"><div class=\"t_1 m0_1 x10 h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">114.705<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w190 h23 gs429\"><div class=\"t_1 m0_1 x12 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">669.295<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w191 h23 gs42a\"><div class=\"t_1 m0_1 x2a h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">515.695<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 h23 gs42b\"><div class=\"t_1 m0_1 x2a h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">146.732<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w195 h23 gs42c\"><div class=\"t_1 m0_1 x44 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">105.524<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdd h23 gs42d\"><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">77.697<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h23 gs42e\"><div class=\"t_1 m0_1 x11 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">55.313<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w6c h23 gs42f\"><div class=\"t_1 m0_1 x10 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">130.430<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w192 hb1 gs430\"><div class=\"t_1 m0_1 x6 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f he1 gs431\"><div class=\"t_1 m0_1 x12 h1f y63 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 he1 gs432\"><div class=\"t_1 m0_1 x12 h1f y63 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w194 he1 gs433\"><div class=\"t_1 m0_1 x4a h1f y63 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo  </div></div><div class=\"c_1 w18f h7f gs434\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h7f gs435\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h7f gs436\"><div class=\"t_1 m0_1 x4 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x5a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h7f gs437\"><div class=\"t_1 m0_1 x2a h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w195 h7f gs438\"><div class=\"t_1 m0_1 x29 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2025<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdd h7f gs439\"><div class=\"t_1 m0_1 x2a h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2026<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h7f gs43a\"><div class=\"t_1 m0_1 x32 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2027<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w6c h7f gs43b\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs43c\"><div class=\"t_1 m0_1 x12 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio CELULOSA -<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs43d\"><div class=\"t_1 m0_1 x1e h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones emitidas<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs43e\"><div class=\"t_1 m0_1 x32 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">53.047 </div></div><div class=\"c_1 w191 h23 gs43f\"><div class=\"t_1 m0_1 x5 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">53.047 </div></div><div class=\"c_1 w18 h23 gs440\"><div class=\"t_1 m0_1 x1e h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">53.047<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w195 h23 gs441\"><div class=\"t_1 m0_1 x13 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs442\"><div class=\"t_1 m0_1 x31 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs443\"><div class=\"t_1 m0_1 x65 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs444\"><div class=\"t_1 m0_1 x5b h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs445\"><div class=\"t_1 m0_1 x1e h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs446\"><div class=\"t_1 m0_1 x12 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">130.000<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h23 gs447\"><div class=\"t_1 m0_1 x1c h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h23 gs448\"><div class=\"t_1 m0_1 x31 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w195 h23 gs449\"><div class=\"t_1 m0_1 x13 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs44a\"><div class=\"t_1 m0_1 x31 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs44b\"><div class=\"t_1 m0_1 x65 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs44c\"><div class=\"t_1 m0_1 x5b h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs44d\"><div class=\"t_1 m0_1 x1e h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs44e\"><div class=\"t_1 m0_1 x12 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">390.500 </div></div><div class=\"c_1 w191 h23 gs44f\"><div class=\"t_1 m0_1 x2a h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">360.500 </div></div><div class=\"c_1 w18 h23 gs450\"><div class=\"t_1 m0_1 x1e h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">82.444 </div></div><div class=\"c_1 w195 h23 gs451\"><div class=\"t_1 m0_1 x87 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">75.610 </div></div><div class=\"c_1 wdd h23 gs452\"><div class=\"t_1 m0_1 x1e h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">78.829 </div></div><div class=\"c_1 w196 h23 gs453\"><div class=\"t_1 m0_1 x11 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">67.301 </div></div><div class=\"c_1 w6c h23 gs454\"><div class=\"t_1 m0_1 x1a h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">56.316<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs455\"><div class=\"t_1 m0_1 x1e h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs456\"><div class=\"t_1 m0_1 x96 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h23 gs457\"><div class=\"t_1 m0_1 x7f h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(902)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h23 gs458\"><div class=\"t_1 m0_1 x88 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(285)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w195 h23 gs459\"><div class=\"t_1 m0_1 x2a h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(261)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs45a\"><div class=\"t_1 m0_1 x21 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(184) </div></div><div class=\"c_1 w196 h23 gs45b\"><div class=\"t_1 m0_1 x10 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(106)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs45c\"><div class=\"t_1 m0_1 x21 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(65)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs45d\"><div class=\"t_1 m0_1 x1e h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs45e\"><div class=\"t_1 m0_1 x96 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h23 gs45f\"><div class=\"t_1 m0_1 x15 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.303<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h23 gs460\"><div class=\"t_1 m0_1 x7f h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.303<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w195 h23 gs461\"><div class=\"t_1 m0_1 x13 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs462\"><div class=\"t_1 m0_1 x31 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs463\"><div class=\"t_1 m0_1 x65 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs464\"><div class=\"t_1 m0_1 x5b h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs465\"><div class=\"t_1 m0_1 x12 h54 y8f ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">573.547<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w191 h23 gs466\"><div class=\"t_1 m0_1 x2a h54 y8f ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">414.948<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 h23 gs467\"><div class=\"t_1 m0_1 x2a h54 y8f ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">137.509<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w195 h23 gs468\"><div class=\"t_1 m0_1 x87 h54 y8f ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">75.349<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdd h23 gs469\"><div class=\"t_1 m0_1 x1e h54 y8f ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">78.645<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h23 gs46a\"><div class=\"t_1 m0_1 x11 h54 y8f ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">67.195<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w6c h23 gs46b\"><div class=\"t_1 m0_1 x2a h54 y8f ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">56.251<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18f h23 gs46c\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financiera Negocio RENOVABLES -<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs46d\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones emitidas<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs46e\"><div class=\"t_1 m0_1 x32 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">79.000 </div></div><div class=\"c_1 w191 h23 gs46f\"><div class=\"t_1 m0_1 x5 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">79.000<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h23 gs470\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w195 h23 gs471\"><div class=\"t_1 m0_1 x87 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">79.000<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs472\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs473\"><div class=\"t_1 m0_1 x65 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs474\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h58 gs475\"><div class=\"t_1 m0_1 x1e h1f y311 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h58 gs476\"><div class=\"t_1 m0_1 x32 h1f y311 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">20.000<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h58 gs477\"><div class=\"t_1 m0_1 x1c h1f y311 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h58 gs478\"><div class=\"t_1 m0_1 x31 h1f y311 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w195 h58 gs479\"><div class=\"t_1 m0_1 x13 h1f y311 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h58 gs47a\"><div class=\"t_1 m0_1 x31 h1f y311 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h58 gs47b\"><div class=\"t_1 m0_1 x65 h1f y311 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h58 gs47c\"><div class=\"t_1 m0_1 x5b h1f y311 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs47d\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs47e\"><div class=\"t_1 m0_1 x32 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">43.983 </div></div><div class=\"c_1 w191 h23 gs47f\"><div class=\"t_1 m0_1 x5 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">43.983 </div></div><div class=\"c_1 w18 h23 gs480\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">33.733 </div></div><div class=\"c_1 w195 h23 gs481\"><div class=\"t_1 m0_1 x87 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">10.250<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs482\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs483\"><div class=\"t_1 m0_1 x65 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs484\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs485\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs486\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h23 gs487\"><div class=\"t_1 m0_1 x7f h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(515)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18 h23 gs488\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(180)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w195 h23 gs489\"><div class=\"t_1 m0_1 x2a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(335)<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs48a\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs48b\"><div class=\"t_1 m0_1 x65 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs48c\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w18f h23 gs48d\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs48e\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w191 h23 gs48f\"><div class=\"t_1 m0_1 x2d h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">48<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 h23 gs490\"><div class=\"t_1 m0_1 x38 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">48<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w195 h23 gs491\"><div class=\"t_1 m0_1 x13 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 wdd h23 gs492\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs493\"><div class=\"t_1 m0_1 x65 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs494\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs495\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">142.983<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w191 h23 gs496\"><div class=\"t_1 m0_1 x2a h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">122.516<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 h23 gs497\"><div class=\"t_1 m0_1 x1e h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">33.601<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w195 h23 gs498\"><div class=\"t_1 m0_1 x87 h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">88.915<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdd h23 gs499\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 h23 gs49a\"><div class=\"t_1 m0_1 x65 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w6c h23 gs49b\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w190 h23 gs49c\"><div class=\"t_1 m0_1 x12 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">716.530<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w191 h23 gs49d\"><div class=\"t_1 m0_1 x2a h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">537.464<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 h23 gs49e\"><div class=\"t_1 m0_1 x2a h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">171.110<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w195 h23 gs49f\"><div class=\"t_1 m0_1 x44 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">164.264<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdd h23 gs4a0\"><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">78.645<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h23 gs4a1\"><div class=\"t_1 m0_1 x11 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">67.195<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w6c h23 gs4a2\"><div class=\"t_1 m0_1 x2a h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">56.251<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div>Cada uno de <span class=\"_ _e\"></span>los negocios del Grupo se <span class=\"_ _e\"></span>financia de forma <span class=\"_ _1\"></span>independiente del <span class=\"_ _1\"></span>otro. No hay re<span class=\"_ _1\"></span>curso o <span class=\"_ _1\"></span>garant\u00edas significativas entre a<span class=\"_ _6\"></span>mbos. Los <span class=\"_ _15\"></span>pago<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>intereses <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>revistos <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>futuro <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>ociados <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>\u201cDeudas <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>cr\u00e9dito <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>mercado <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> capitales\u201d <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>\u201cOtros <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"></span>financieros <span class=\"_ _11\"> </span>\u2013<span class=\"ff4\"> <span class=\"_ _11\"></span></span>financiaci\u00f3n <span class=\"_ _0\"></span>organ<span class=\"_ _6\"></span>ismos <span class=\"_ _11\"> </span>p\u00fablicos\u201d, <span class=\"_ _11\"></span>considerando <span class=\"_ _11\"></span>los <span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>iveles <span class=\"_ _11\"></span>de endeudamiento <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>inter\u00e9s <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>mercado <span class=\"_ _15\"></span>actuales<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>consid<span class=\"_ _6\"></span>erar <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>coberturas <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s contratadas<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituar\u00e1n <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>entorno <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0-12 <span class=\"_ _6\"></span><span class=\"ff6\">millone<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>\u20ac <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>Celulosa <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>entorno <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span></span>8-9 millones \u20ac en ENCE Renov<span class=\"_ _6\"></span>ables.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>El <span class=\"_ _1\"></span>coste <span class=\"_ _1\"></span>medio <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>la deuda <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>2024 <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>2023 ha <span class=\"_ _e\"></span>sido <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>4,7% y <span class=\"_ _e\"></span>4,64%, re<span class=\"_ _1\"></span>spectivamente. Por <span class=\"_ _e\"></span>negocios, ENCE <span class=\"_ _10\"></span>Celulosa <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>tenido <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>coste <span class=\"_ _10\"></span>medio <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>dichos <span class=\"_ _10\"></span>periodos <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>4,<span class=\"_ _6\"></span><span class=\"lse\">50</span>% <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>4,<span class=\"lse\">68</span>%, <span class=\"_ _10\"></span>respectivamente, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>EN<span class=\"_ _6\"></span>CE Renovables del 5,25% y<span class=\"_ _6\"></span> 4,51%<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> Al <span class=\"_ _10\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _0\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>empresas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>cumplen <span class=\"_ _0\"></span>\u00edntegramente <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>ob<span class=\"_ _6\"></span>ligaciones financieras <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cualquier <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>pudieran <span class=\"_ _6\"></span>dar <span class=\"_ _6\"></span>lu<span class=\"_ _6\"></span>gar al <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>ticipado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>s compro<span class=\"_ _6\"></span>misos financieros.  La <span class=\"_ _1e\"> </span>finan<span class=\"_ _6\"></span>ciaci\u00f3n <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>ENCE <span class=\"_ _17\"> </span>no <span class=\"_ _17\"> </span>est\u00e1 <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>ujeta <span class=\"_ _1e\"> </span>a <span class=\"_ _17\"> </span>ning\u00fan <span class=\"_ _17\"> </span>tipo <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>cl\u00e1usula <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>implique <span class=\"_ _17\"> </span>su <span class=\"_ _1e\"> </span>modificaci\u00f3n <span class=\"_ _17\"> </span>o renegociaci\u00f3n como cons<span class=\"_ _6\"></span>ecuencia de un<span class=\"_ _6\"></span>a variaci\u00f3n en la<span class=\"_ _6\"></span> calificaci\u00f3n crediticia<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _6\"></span></span> Endeuda<span class=\"_ _1\"></span>miento Negocio Celulosa<span class=\"_ _1\"></span> Obligaciones El <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>octubre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2023 <span class=\"_ _10\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _0\"></span>incorpor\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>programa <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pagar\u00e9s <span class=\"_ _0\"></span>sostenibl<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Mercado Alternativo de Renta Fija (MARF) con un <span class=\"_ _1\"></span>l\u00edmite m\u00e1ximo de 200 millones \u20ac y <span class=\"_ _1\"></span>vencimientos de hasta 24 meses<span class=\"_ _6\"></span><span class=\"ff4\"> </span>y un coste medio <span class=\"_ _6\"></span>en 2024 del <span class=\"_ _6\"></span>4,53%<span class=\"lsf\">. </span> L\u00ednea de cr\u00e9d<span class=\"_ _6\"></span>ito revolving ENCE <span class=\"_ _6\"></span>man<span class=\"_ _6\"></span>tiene <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>sindicato <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>ancos <span class=\"_ _15\"></span>nacionales <span class=\"_ _15\"></span>e <span class=\"_ _6\"></span>internacio<span class=\"_ _15\"></span>nales <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cr\u00e9dito <span class=\"_ _6\"></span>(revolv<span class=\"_ _6\"></span>ing credit <span class=\"_ _6\"></span>facility) <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span><span class=\"lse\">130 <span class=\"_ _6\"></span></span>mil<span class=\"_ _6\"></span>lones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>2026. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>sta <span class=\"_ _6\"></span>l\u00ednea <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>deveng<span class=\"_ _6\"></span>a un tipo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>inter\u00e9s<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>referenciado <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Euribor<span class=\"_ _6\"></span><span class=\"ls16\">. </span>El <span class=\"_ _e\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inter\u00e9s <span class=\"_ _e\"></span>estab<span class=\"_ _6\"></span>lecido <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>odr\u00e1 verse <span class=\"_ _e\"></span>modificado anualmente en <span class=\"_ _15\"></span>25 <span class=\"_ _10\"></span>pun<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>b\u00e1sicos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>funci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ostenibilidad <span class=\"_ _10\"></span>medioambi<span class=\"_ _6\"></span>ental <span class=\"_ _10\"></span>Sustainaly<span class=\"_ _6\"></span>tics <span class=\"_ _15\"></span>obtenid<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>por<span class=\"_ _33\"> </span>ENCE, <span class=\"_ _6\"></span>que eval\u00fa<span class=\"_ _6\"></span>a dicha <span class=\"_ _6\"></span>deuda como <span class=\"_ _6\"></span>\u201cfinanciaci\u00f3n <span class=\"_ _6\"></span>verde\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _6\"></span>Es<span class=\"_ _6\"></span>ta finan<span class=\"_ _6\"></span>ciaci\u00f3n est\u00e1<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>su totalidad <span class=\"_ _6\"></span>disponible </span>al 31 de diciembre de 20<span class=\"_ _6\"></span>24. Pr\u00e9stamos ENCE <span class=\"_ _6\"></span>mantiene <span class=\"_ _6\"></span>sus<span class=\"_ _6\"></span>critos <span class=\"_ _6\"></span>pr\u00e9stamos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>conjunto <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span><span class=\"lse\">278</span> <span class=\"_ _6\"></span><span class=\"ff6\">millones <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vencimientos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en</span>tre <span class=\"_ _6\"></span><span class=\"lse\">202</span>5<span class=\"_ _6\"></span> y <span class=\"ls0_1\">2030. <span class=\"_ _1\"></span>Una parte de los <span class=\"_ _1\"></span>pr\u00e9stamos con un nominal de 21,<span class=\"lse\">16</span> <span class=\"ff6\">millones \u20ac <span class=\"_ _1\"></span>devenga un tipo de inter\u00e9s <span class=\"_ _1\"></span>fijo en el<span class=\"_ _e\"></span> </span></span>rango <span class=\"_ _6\"></span>1,95%<span class=\"_ _6\"></span>-4,6%. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _6\"></span>resta<span class=\"_ _6\"></span>nte <span class=\"_ _6\"></span>devenga <span class=\"_ _15\"></span>interes<span class=\"_ _6\"></span>es, <span class=\"_ _15\"></span>principalmente <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>eferenciados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>Euribor <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n diferencial en el rango <span class=\"_ _6\"></span>1,35%-2,0%. El tipo d<span class=\"_ _6\"></span>e inter\u00e9s establecido en el 76% de los contra<span class=\"_ _6\"></span>tos suscritos<span class=\"_ _6\"></span> podr\u00e1 verse modificado a<span class=\"_ _6\"></span>nualmente en 25<span class=\"_ _6\"></span> puntos<span class=\"_ _6\"></span> b\u00e1sicos<span class=\"_ _6\"></span> en funci\u00f3n del ratin<span class=\"_ _6\"></span>g de so<span class=\"_ _6\"></span>stenibilidad<span class=\"_ _15\"></span> medioambi<span class=\"_ _6\"></span>ental Sustainalytics<span class=\"_ _6\"></span> obtenido por ENCE.<span class=\"_ _6\"></span> Al objeto de cubrir e<span class=\"_ _1\"></span>l riesgo derivado de <span class=\"_ _1\"></span>la contrataci\u00f3n de <span class=\"_ _1\"></span>esta financiaci\u00f3n a tipo de <span class=\"_ _1\"></span>inter\u00e9s variable, ENCE ha suscrito swaps de tipo de <span class=\"_ _1\"></span>inter\u00e9s que cubren el <span class=\"lse\">47</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"_ _1\"></span>variable, a un tipo fijo medio de 3,32% (v\u00e9as<span class=\"_ _6\"></span>e Nota <span class=\"_ _6\"></span><span class=\"lse\">30</span>).<span class=\"_ _33\"> </span>Financiaci\u00f3n Ne<span class=\"_ _1\"></span>gocio Ener<span class=\"_ _1\"></span>g\u00eda Renovable Financiaci\u00f3n corpo<span class=\"_ _6\"></span>rativa Con <span class=\"_ _6\"></span>fecha <span class=\"_ _15\"></span>11 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>julio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024, <span class=\"_ _6\"></span>Ma<span class=\"_ _6\"></span>gnon <span class=\"_ _6\"></span>Green <span class=\"_ _15\"></span>Energy, <span class=\"_ _15\"></span>S.L. <span class=\"_ _6\"></span>(<span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>elante <span class=\"_ _6\"></span>\u201cMA<span class=\"_ _6\"></span>GNON\u201d), <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>acord<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un sindicato formado<span class=\"_ _6\"></span> por 14 enti<span class=\"_ _6\"></span>dades u<span class=\"_ _6\"></span>n contrato<span class=\"_ _6\"></span> de pr\u00e9stamo por u<span class=\"_ _6\"></span>n importe d<span class=\"_ _6\"></span>e 170 mil<span class=\"_ _6\"></span>lones \u20ac y u<span class=\"_ _6\"></span>na l\u00ednea de cr\u00e9dito (RCF) por importe <span class=\"_ _6\"></span>de 20 millones<span class=\"_ _6\"></span> \u20ac<span class=\"ff4\">. Su<span class=\"_ _6\"></span> detalle al 31/12/2<span class=\"_ _6\"></span>024 es el sigui<span class=\"_ _6\"></span>ente: </span>Miles de Euros Tipo de  Disponible Dispuesto Vencimiento Inter\u00e9s Tramo 1\u00ba               <span class=\"ls0_1\">65.552  </span>              <span class=\"ls0_1\">65.552  </span>jul-<span class=\"ls9\">2031</span> 2,00%-2,75% (i) Tramo 2\u00ba               <span class=\"ls0_1\">72.000  </span>              <span class=\"ls0_1\">72.000  </span>ene<span class=\"ls0_1\">-2032 (ii) </span>3% (i) Tramo 3\u00ba               <span class=\"ls0_1\">30.000  </span>              <span class=\"ls0_1\">30.000  </span>ene<span class=\"ls0_1\">-2032 (ii) </span>5,82% Tramo 4\u00ba               <span class=\"ls0_1\">20.000  </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>jul-<span class=\"ls9\">2031</span> 1,25%-2,00% (i)             <span class=\"ls9\">187.552 <span class=\"ls0_1\"> </span></span>            <span class=\"ls9\">167.552 <span class=\"ls0_1\"> </span></span>(i)<span class=\"ff2 ls0_1\"> <span class=\"_ _29\"> </span><span class=\"ff4 fs1\">Euribor <span class=\"_ _1\"></span>6 <span class=\"_ _1\"></span>meses m\u00e1s <span class=\"_ _1\"></span>diferencial descrito. <span class=\"_ _e\"></span>En los tr<span class=\"_ _1\"></span>amos bancarios, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>tipo es <span class=\"_ _e\"></span>variable en funci\u00f3n <span class=\"_ _e\"></span>del ratio </span></span>de endeudamiento de las entidades que conforman el per\u00edmetro de la financiaci\u00f3n. (ii)<span class=\"ff2 ls0_1\"> <span class=\"_ _2a\"> </span><span class=\"ff4 fs1\">Vencimiento \u00edntegro (bullet) en la fecha indicad<span class=\"_ _1\"></span>a.<span class=\"_ _6\"></span> </span></span>Esta <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>incluye <span class=\"_ _10\"></span>como <span class=\"_ _15\"></span>principales <span class=\"_ _10\"></span>garant\u00edas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>renda <span class=\"_ _15\"></span>sobre <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>acciones <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>sociedades <span class=\"_ _15\"></span>Celulos<span class=\"_ _6\"></span>a Energ\u00eda <span class=\"_ _e\"></span>S.A.U., <span class=\"_ _1\"></span>Ence <span class=\"_ _1\"></span>Energ\u00eda <span class=\"_ _e\"></span>P<span class=\"_ _6\"></span>uertollano, S.L.U., <span class=\"_ _e\"></span>ENCE <span class=\"_ _1\"></span>Energ\u00eda Huelva, <span class=\"_ _e\"></span>S.L.U., <span class=\"_ _e\"></span>En<span class=\"_ _6\"></span>ce <span class=\"_ _e\"></span>Energ\u00eda Huelva <span class=\"_ _e\"></span>Dos <span class=\"_ _e\"></span>S.L.U.,<span class=\"_ _6\"></span> ENCE E<span class=\"_ _6\"></span>nerg\u00eda Ext<span class=\"_ _6\"></span>remadura, S.<span class=\"_ _6\"></span>L.U. y<span class=\"_ _6\"></span> Magnon <span class=\"_ _6\"></span>Biomas<span class=\"_ _6\"></span>a, S.L.,<span class=\"_ _6\"></span> sob<span class=\"_ _6\"></span>re sus<span class=\"_ _6\"></span> activos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>derechos d<span class=\"_ _6\"></span>e cobro, <span class=\"_ _6\"></span>actuales y futuros. Asimismo, <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>incluye <span class=\"_ _15\"></span>determinadas <span class=\"_ _15\"></span>obligaciones, <span class=\"_ _15\"></span>habituales <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span>; <span class=\"_ _6\"></span>el suministro <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinada <span class=\"_ _1c\"> </span>informaci\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>car\u00e1cter <span class=\"_ _1c\"> </span>operativ<span class=\"_ _6\"></span>o <span class=\"_ _1b\"> </span>y <span class=\"_ _1c\"> </span>financiera <span class=\"_ _19\"> </span><span class=\"ls35\">y <span class=\"_ _1c\"> </span></span>el <span class=\"_ _1b\"> </span>cumplimiento <span class=\"_ _1c\"> </span>d<span class=\"_ _6\"></span>e determinados <span class=\"_ _19\"> </span>ratios <span class=\"_ _1b\"> </span>econ\u00f3<span class=\"_ _6\"></span>micos <span class=\"_ _19\"> </span>de <span class=\"_ _1b\"> </span>solvencia <span class=\"_ _19\"> </span>y <span class=\"_ _1b\"> </span>rentab<span class=\"_ _6\"></span>ilidad. <span class=\"_ _19\"> </span>El <span class=\"_ _1b\"> </span>acuerdo <span class=\"_ _19\"> </span>contempla <span class=\"_ _1b\"> </span>asimismo <span class=\"_ _19\"> </span>el<span class=\"_ _33\"> </span>cumplimiento de determin<span class=\"_ _6\"></span>ados ratios<span class=\"_ _6\"></span> ligados al endeudamiento, la s<span class=\"_ _6\"></span>ituaci\u00f3n patrimonial y la<span class=\"_ _6\"></span> capacidad de generaci\u00f3n de caja del ne<span class=\"_ _6\"></span>gocio, p<span class=\"_ _6\"></span>ara poder llevar a cab<span class=\"_ _6\"></span>o el reparto de <span class=\"_ _6\"></span>divid<span class=\"_ _6\"></span>endos. El importe de los cos<span class=\"_ _6\"></span>tes de estructu<span class=\"_ _6\"></span>raci\u00f3n y otro<span class=\"_ _6\"></span>s gastos incurridos<span class=\"_ _6\"></span> en la obtenci\u00f3n d<span class=\"_ _6\"></span>e esta financiaci\u00f3n ha sido de 5,5 millones \u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> </span>Al <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cubrir <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>derivado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>trataci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _0\"></span>variable, MAGNON <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>tar\u00e1 <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fase <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>c<span class=\"_ _6\"></span>ierre <span class=\"_ _6\"></span>cob<span class=\"_ _6\"></span>erturas <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s <span class=\"_ _15\"></span>(IRS) <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>dan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cob<span class=\"_ _6\"></span>ertura <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>70 <span class=\"_ _15\"></span>% de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>dispuesta. <span class=\"_ _6\"></span>Ad<span class=\"_ _6\"></span>icionalmente <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>han <span class=\"_ _15\"></span>cancelad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>IRS <span class=\"_ _6\"></span>contrata<span class=\"_ _6\"></span>dos <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>cobertura <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la financiaci\u00f3n previa (v<span class=\"_ _6\"></span>\u00e9ase Nota <span class=\"_ _6\"></span><span class=\"lse\">30<span class=\"ls19\">).</span></span> El <span class=\"_ _6\"></span>destino <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>ha <span class=\"_ _6\"></span>sido<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cancelar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>puesta <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>negocio <span class=\"_ _6\"></span>firmada <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>201<span class=\"_ _15\"></span>7 <span class=\"_ _6\"></span><span class=\"ls1c\">y </span>la <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>operacio<span class=\"_ _6\"></span>nes <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>necesidades <span class=\"_ _10\"></span>generales <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>MAGNON. <span class=\"_ _15\"></span>Ad<span class=\"_ _6\"></span>icionalment<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ha <span class=\"_ _15\"></span>permitido<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la distribuci\u00f3n de <span class=\"_ _e\"></span>25 mill<span class=\"_ _1\"></span>ones \u20ac <span class=\"_ _e\"></span>en compensaci\u00f3n <span class=\"_ _e\"></span>de los <span class=\"_ _e\"></span>pr\u00e9s<span class=\"_ _6\"></span>tamos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>uente <span class=\"_ _1\"></span>otorgados por <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>accionistas hasta que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>produjera <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>implementa<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>cambio <span class=\"_ _6\"></span>regulato<span class=\"_ _6\"></span>rio <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>sector <span class=\"_ _15\"></span>energ\u00e9tico <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>licable <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>plan<span class=\"_ _6\"></span>tas de MAGNON. Esta financiaci\u00f3<span class=\"_ _6\"></span>n cumple los requisitos para su reconocimiento como una nueva fi<span class=\"_ _6\"></span>nanciaci\u00f3n<span class=\"_ _6\"></span> y no como un<span class=\"_ _6\"></span>a modificaci\u00f3n de la financiaci\u00f3n<span class=\"_ _6\"></span> existente<span class=\"_ _6\"></span> previamente.<span class=\"_ _6\"></span><span class=\"ff3\"> </span>Financiaci\u00f3n cance<span class=\"_ _6\"></span>lada Pr\u00e9stamo <span class=\"_ _1a\"> </span>sindicado<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>importe  dispuesto  a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>fecha  de <span class=\"_ _12\"> </span>cancelaci\u00f3n  de <span class=\"_ _12\"> </span>31.616<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>mil<span class=\"_ _6\"></span>es  <span class=\"ff6\">\u20ac</span>, <span class=\"_ _12\"> </span>estructura<span class=\"_ _6\"></span>do inicialmente <span class=\"_ _11\"> </span>en<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>4 <span class=\"_ _11\"> </span>tra<span class=\"_ _6\"></span>mos, <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>n <span class=\"_ _11\"> </span><span class=\"ls11\">un <span class=\"_ _12\"> </span></span>disponible <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>momento <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>su<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>contrata<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>170 <span class=\"_ _11\"> </span>m<span class=\"_ _6\"></span>illones. <span class=\"_ _12\"> </span>Esta financiaci\u00f3n <span class=\"_ _0\"></span>presentab<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>30 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ap<span class=\"_ _6\"></span>roximadamente <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>80% <span class=\"_ _0\"></span>estaba<span class=\"_ _33\"> </span>contratada <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>variable <span class=\"_ _0\"></span>referenciado <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>Euribor <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>margen <span class=\"_ _10\"></span>situado <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _0\"></span>rango <span class=\"_ _0\"></span>1,25<span class=\"ls39\">% <span class=\"_ _0\"></span></span>- 3,25<span class=\"ls0_1\">% <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> el <span class=\"_ _e\"></span>20% restante <span class=\"_ _e\"></span>a un <span class=\"_ _1\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s anual <span class=\"_ _e\"></span>fijo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de 3,45%. <span class=\"_ _1\"></span>Las comisiones <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>agadas en <span class=\"_ _e\"></span>el ejercicio <span class=\"_ _e\"></span>20<span class=\"_ _6\"></span>17 </span>derivadas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>esta <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _11\"> </span>ascend<span class=\"_ _6\"></span>ieron <span class=\"_ _11\"> </span><span class=\"ls2f\">a <span class=\"_ _11\"></span></span>5.813 <span class=\"_ _0\"></span>miles <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Euro<span class=\"_ _6\"></span>s. <span class=\"_ _11\"></span><span class=\"ls12\">Est</span>a <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _11\"> </span>inclu\u00eda <span class=\"_ _0\"></span>gara<span class=\"_ _6\"></span>nt\u00edas <span class=\"_ _11\"> </span><span class=\"ls35\">y </span>obligaciones est\u00e1nd<span class=\"_ _6\"></span>ar de mercado y<span class=\"_ _6\"></span> similares a las exigidas<span class=\"_ _6\"></span> en financiaci\u00f3n actual<span class=\"_ _15\"></span>. Dos <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>bligaciones <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>fueron <span class=\"_ _15\"></span>sus<span class=\"_ _6\"></span>critas <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>varios <span class=\"_ _15\"></span>fondos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>importe <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>endiente <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>amortizar <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> la <span class=\"_ _e\"></span>fecha <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>canc<span class=\"_ _6\"></span>elaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>79.000 <span class=\"_ _1\"></span>miles <span class=\"_ _e\"></span>\u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stas <span class=\"_ _1\"></span>obligaciones <span class=\"_ _1\"></span>presentaban <span class=\"_ _1\"></span>su <span class=\"_ _e\"></span>vencimiento <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>30 <span class=\"_ _e\"></span>de diciembre </span>de 2025 y<span class=\"_ _6\"></span> devengab<span class=\"_ _6\"></span>a un<span class=\"_ _6\"></span> tipo <span class=\"_ _6\"></span>de in<span class=\"_ _6\"></span>ter\u00e9s fijo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>3,45% y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"fs1\">estaban <span class=\"_ _6\"></span>admitidas a co<span class=\"_ _6\"></span>tizaci\u00f3n en la<span class=\"_ _6\"></span> bolsa de valo<span class=\"_ _6\"></span>res de<span class=\"_ _6\"></span> </span>Frankfurt (Freiverkehr).<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-597": {
   "value": "28.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Deuda financiera<span class=\"_ _33\"> </span></span></span>La composici\u00f3n d<span class=\"_ _6\"></span>e la deuda financiera al <span class=\"_ _6\"></span>cierre d<span class=\"_ _6\"></span>e los ejercicios 2024 y<span class=\"_ _6\"></span> 2023 es la siguient<span class=\"_ _6\"></span>e:<span class=\"_ _33\"> </span>Pasivo no corriente<span class=\"_ _33\"> </span>Pasivo corriente<span class=\"_ _33\"> </span>Miles de Euros<span class=\"_ _33\"> </span>31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span>31/12/202331/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span>31/12/2023<span class=\"_ _33\"> </span>Obligaciones y otros valores negociables         <span class=\"ls0_1\">15.574 </span>78.697         <span class=\"ls0_1\">57.987 </span>53.047<span class=\"_ _33\"> </span>Deudas con entidades de cr\u00e9dito       <span class=\"ls0_1\">353.390 </span>287.658         <span class=\"ls0_1\">88.743 </span>118.063<span class=\"_ _33\"> </span>Otros pasivos financieros         <span class=\"ls0_1\">77.477 </span>73.876         <span class=\"ls0_1\">15.478 </span>13.844<span class=\"_ _33\"> </span>Total       <span class=\"ls9\">446.441 </span>440.231       <span class=\"ls9\">162.208 </span>184.954<span class=\"_ _33\"> </span>28.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Deudas con en<span class=\"_ _1\"></span>tidades de cr\u00e9dito y<span class=\"_ _1\"></span> mercado de capita<span class=\"_ _e\"></span>les<span class=\"_ _33\"> </span></span></span>La <span class=\"_ _1\"></span>composici\u00f3n de <span class=\"_ _e\"></span>las <span class=\"_ _1\"></span>deudas <span class=\"_ _e\"></span>con entidades <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>al <span class=\"_ _e\"></span>31 de <span class=\"_ _e\"></span>diciembre <span class=\"_ _e\"></span>de 2024 y <span class=\"_ _e\"></span>2023, correspondientes<span class=\"_ _33\"> </span>a pr\u00e9stamos y<span class=\"_ _6\"></span> l\u00edneas de descuento, clas<span class=\"_ _6\"></span>ificadas de acuerdo<span class=\"_ _6\"></span> con sus<span class=\"_ _6\"></span> vencimientos, es la siguiente<span class=\"_ _15\"></span>:<span class=\"_ _33\"> </span>Vencimiento en el a\u00f1o<span class=\"_ _33\"> </span>202<span class=\"ls0_1\">4<span class=\"_ _33\"> </span></span>Corto plazo<span class=\"_ _33\"> </span>Largo Plazo Miles de Euros<span class=\"_ _33\"> </span>L\u00edmite<span class=\"_ _33\"> </span>Saldo<span class=\"_ _33\"> </span>Dispuesto<span class=\"_ _33\"> </span>202<span class=\"ls0_1\">5<span class=\"_ _33\"> </span></span>202<span class=\"ls0_1\">6</span>202<span class=\"ls0_1\">7</span>202<span class=\"ls0_1\">8</span>Siguientes<span class=\"_ _33\"> </span>Deuda financiera Negocio CELULOSA -<span class=\"_ _33\"> </span>Obligaciones emitidas<span class=\"_ _33\"> </span>73.56173.56157.98715.574<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span>130.000<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span>278.182278.18275.59878.95767.30640.57615.746<span class=\"_ _33\"> </span>Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(<span class=\"ls9\">616</span>)<span class=\"_ _33\"> </span>(<span class=\"ls9\">261</span>)<span class=\"_ _33\"> </span>(<span class=\"ls9\">184</span>)<span class=\"_ _33\"> </span>(1<span class=\"ls9\">06<span class=\"ls0_1\">)</span></span>(<span class=\"ls9\">44</span>)<span class=\"_ _33\"> </span>(<span class=\"ls9\">21</span>)<span class=\"_ _33\"> </span>Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.149<span class=\"_ _33\"> </span>2.149<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>481.743353.276135.47394.34767.20040.53215.725<span class=\"_ _33\"> </span>Deuda financiera Negocio RENOVABLES -<span class=\"_ _33\"> </span>L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span>20.000<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span>167.647167.55211.96811.96811.28815.572116.756<span class=\"_ _33\"> </span>Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span>-(5.228)<span class=\"_ _33\"> </span>(<span class=\"ls9\">804</span>)<span class=\"_ _33\"> </span>(<span class=\"ls9\">791</span>)<span class=\"_ _33\"> </span>(791)(791)(2.051)<span class=\"_ _33\"> </span>Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>95<span class=\"_ _33\"> </span>95<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>187.552162.41911.25911.17710.49714.781114.705<span class=\"_ _33\"> </span>669.295515.695146.732105.52477.69755.313130.430<span class=\"_ _33\"> </span>Vencimiento en el a\u00f1o<span class=\"_ _33\"> </span>2023<span class=\"_ _33\"> </span>Corto plazo<span class=\"_ _33\"> </span>Largo Plazo Miles de Euros<span class=\"_ _33\"> </span>L\u00edmite<span class=\"_ _33\"> </span>Saldo<span class=\"_ _33\"> </span>Dispuesto<span class=\"_ _33\"> </span>2024<span class=\"_ _33\"> </span>202520262027Siguientes<span class=\"_ _33\"> </span>Deuda financiera Negocio CELULOSA -<span class=\"_ _33\"> </span>Obligaciones emitidas<span class=\"_ _33\"> </span>53.04753.04753.047<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span>130.000<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span>390.500360.50082.44475.61078.82967.30156.316<span class=\"_ _33\"> </span>Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(902)<span class=\"_ _33\"> </span>(285)<span class=\"_ _33\"> </span>(261)<span class=\"_ _33\"> </span>(184)(106)<span class=\"_ _33\"> </span>(65)<span class=\"_ _33\"> </span>Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>2.303<span class=\"_ _33\"> </span>2.303<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>573.547414.948137.50975.34978.64567.19556.251<span class=\"_ _33\"> </span>Deuda financiera Negocio RENOVABLES -<span class=\"_ _33\"> </span>Obligaciones emitidas<span class=\"_ _33\"> </span>79.00079.000<span class=\"_ _33\"> </span>-79.000<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>L\u00ednea de cr\u00e9dito <span class=\"ff6\">\u2013</span> revolving<span class=\"_ _33\"> </span>20.000<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>Pr\u00e9stamos bancarios<span class=\"_ _33\"> </span>43.98343.98333.73310.250<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>Costes de estructuraci\u00f3n<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>(515)<span class=\"_ _33\"> </span>(180)<span class=\"_ _33\"> </span>(335)<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>Deudas por intereses, cup\u00f3n y otros<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>48<span class=\"_ _33\"> </span>48<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>142.983122.51633.60188.915<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>-<span class=\"_ _33\"> </span>716.530537.464171.110164.26478.64567.19556.251<span class=\"_ _33\"> </span><div class=\"c_1 w2_1 h3b gs4a4\"><div class=\"t_1 m0_1 x71 h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cada uno de <span class=\"_ _e\"></span>los negocios del Grupo se <span class=\"_ _e\"></span>financia de forma <span class=\"_ _1\"></span>independiente del <span class=\"_ _1\"></span>otro. No hay re<span class=\"_ _1\"></span>curso o <span class=\"_ _1\"></span>garant\u00edas </div><div class=\"t_1 m0_1 x71 h8 y21d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">significativas entre a<span class=\"_ _6\"></span>mbos. </div><div class=\"t_1 m0_1 x71 h8 y1fa ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _15\"></span>pago<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>intereses <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>revistos <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>futuro <span class=\"_ _15\"></span>as<span class=\"_ _6\"></span>ociados <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>\u201cDeudas <span class=\"_ _10\"></span>con <span class=\"_ _15\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>cr\u00e9dito <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>mercado <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y1d6 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">capitales\u201d <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>\u201cOtros <span class=\"_ _0\"></span>pas<span class=\"_ _6\"></span>ivos <span class=\"_ _11\"></span>financieros <span class=\"_ _11\"> </span>\u2013<span class=\"ff4\"> <span class=\"_ _11\"></span></span>financiaci\u00f3n <span class=\"_ _0\"></span>organ<span class=\"_ _6\"></span>ismos <span class=\"_ _11\"> </span>p\u00fablicos\u201d, <span class=\"_ _11\"></span>considerando <span class=\"_ _11\"></span>los <span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>iveles <span class=\"_ _11\"></span>de </div><div class=\"t_1 m0_1 x71 h8 y2bd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">endeudamiento <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>inter\u00e9s <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>mercado <span class=\"_ _15\"></span>actuales<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sin<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>consid<span class=\"_ _6\"></span>erar <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>coberturas <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s </div><div class=\"t_1 m0_1 x71 h8 y2be ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contratadas<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ituar\u00e1n <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>entorno <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0-12 <span class=\"_ _6\"></span><span class=\"ff6\">millone<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>\u20ac <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _6\"></span>Celulosa <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>entorno <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span></span>8-9 </div><div class=\"t_1 m0_1 x71 h8 y2bf ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">millones \u20ac en ENCE Renov<span class=\"_ _6\"></span>ables.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x71 h8 y1fd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _1\"></span>coste <span class=\"_ _1\"></span>medio <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>la deuda <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>2024 <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>2023 ha <span class=\"_ _e\"></span>sido <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>4,7% y <span class=\"_ _e\"></span>4,64%, re<span class=\"_ _1\"></span>spectivamente. Por <span class=\"_ _e\"></span>negocios, </div><div class=\"t_1 m0_1 x71 h8 y31b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _10\"></span>Celulosa <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>tenido <span class=\"_ _10\"></span>un <span class=\"_ _15\"></span>coste <span class=\"_ _10\"></span>medio <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>dichos <span class=\"_ _10\"></span>periodos <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>4,<span class=\"_ _6\"></span><span class=\"lse\">50</span>% <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>4,<span class=\"lse\">68</span>%, <span class=\"_ _10\"></span>respectivamente, <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>EN<span class=\"_ _6\"></span>CE </div><div class=\"t_1 m0_1 x71 h8 y31c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Renovables del 5,25% y<span class=\"_ _6\"></span> 4,51%<span class=\"_ _6\"></span>, respectivamente.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y200 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"_ _10\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _0\"></span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>empresas<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>cumplen <span class=\"_ _0\"></span>\u00edntegramente <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>sus<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>ob<span class=\"_ _6\"></span>ligaciones </div><div class=\"t_1 m0_1 x71 h8 y201 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieras <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cualquier <span class=\"_ _6\"></span>otro<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>tipo, <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>pudieran <span class=\"_ _6\"></span>dar <span class=\"_ _6\"></span>lu<span class=\"_ _6\"></span>gar al <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>an<span class=\"_ _6\"></span>ticipado <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span>s compro<span class=\"_ _6\"></span>misos </div><div class=\"t_1 m0_1 x71 h8 y3c0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieros.  </div><div class=\"t_1 m0_1 x71 h8 y244 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _1e\"> </span>finan<span class=\"_ _6\"></span>ciaci\u00f3n <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>ENCE <span class=\"_ _17\"> </span>no <span class=\"_ _17\"> </span>est\u00e1 <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>ujeta <span class=\"_ _1e\"> </span>a <span class=\"_ _17\"> </span>ning\u00fan <span class=\"_ _17\"> </span>tipo <span class=\"_ _1e\"> </span>de <span class=\"_ _17\"> </span>cl\u00e1usula <span class=\"_ _17\"> </span>que <span class=\"_ _17\"> </span>implique <span class=\"_ _17\"> </span>su <span class=\"_ _1e\"> </span>modificaci\u00f3n <span class=\"_ _17\"> </span>o </div><div class=\"t_1 m0_1 x71 h8 y245 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">renegociaci\u00f3n como cons<span class=\"_ _6\"></span>ecuencia de un<span class=\"_ _6\"></span>a variaci\u00f3n en la<span class=\"_ _6\"></span> calificaci\u00f3n crediticia<span class=\"_ _6\"></span><span class=\"lsf\">. <span class=\"_ _6\"></span></span> </div><div class=\"t_1 m0_1 x71 hd y462 ff3 fs0_1 fc2 sc0_1 ls0_1 ws0_1\">Endeuda<span class=\"_ _1\"></span>miento Negocio Celulosa<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x71 h9 ya6f ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Obligaciones </div><div class=\"t_1 m0_1 x71 h8 ya70 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _10\"></span>9 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>octubre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2023 <span class=\"_ _10\"></span>ENC<span class=\"_ _6\"></span>E <span class=\"_ _0\"></span>incorpor\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>programa <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>emisi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pagar\u00e9s <span class=\"_ _0\"></span>sostenibl<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Mercado </div><div class=\"t_1 m0_1 x71 h8 y91a ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Alternativo de Renta Fija (MARF) con un <span class=\"_ _1\"></span>l\u00edmite m\u00e1ximo de 200 millones \u20ac y <span class=\"_ _1\"></span>vencimientos de hasta 24 meses<span class=\"_ _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x71 h8 y91b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y un coste medio <span class=\"_ _6\"></span>en 2024 del <span class=\"_ _6\"></span>4,53%<span class=\"lsf\">. </span> </div><div class=\"t_1 m0_1 x71 h9 ya23 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00ednea de cr\u00e9d<span class=\"_ _6\"></span>ito revolving </div><div class=\"t_1 m0_1 x1f h8 y349 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _6\"></span>man<span class=\"_ _6\"></span>tiene <span class=\"_ _6\"></span>con <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>sindicato <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>b<span class=\"_ _6\"></span>ancos <span class=\"_ _15\"></span>nacionales <span class=\"_ _15\"></span>e <span class=\"_ _6\"></span>internacio<span class=\"_ _15\"></span>nales <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>cr\u00e9dito <span class=\"_ _6\"></span>(revolv<span class=\"_ _6\"></span>ing </div><div class=\"t_1 m0_1 x1f h8 y609 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">credit <span class=\"_ _6\"></span>facility) <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span><span class=\"lse\">130 <span class=\"_ _6\"></span></span>mil<span class=\"_ _6\"></span>lones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>euros<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vencimiento <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>2026. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>sta <span class=\"_ _6\"></span>l\u00ednea <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cr\u00e9dito<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>deveng<span class=\"_ _6\"></span>a </div><div class=\"t_1 m0_1 x1f h8 y91f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">un tipo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>inter\u00e9s<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>referenciado <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Euribor<span class=\"_ _6\"></span><span class=\"ls16\">. </span>El <span class=\"_ _e\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inter\u00e9s <span class=\"_ _e\"></span>estab<span class=\"_ _6\"></span>lecido <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>odr\u00e1 verse <span class=\"_ _e\"></span>modificado anualmente </div><div class=\"t_1 m0_1 x1f h8 y60b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"_ _15\"></span>25 <span class=\"_ _10\"></span>pun<span class=\"_ _6\"></span>tos <span class=\"_ _10\"></span>b\u00e1sicos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>funci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>ra<span class=\"_ _6\"></span>ting <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>ostenibilidad <span class=\"_ _10\"></span>medioambi<span class=\"_ _6\"></span>ental <span class=\"_ _10\"></span>Sustainaly<span class=\"_ _6\"></span>tics <span class=\"_ _15\"></span>obtenid<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>por<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x1f h8 y60c ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE, <span class=\"_ _6\"></span>que eval\u00fa<span class=\"_ _6\"></span>a dicha <span class=\"_ _6\"></span>deuda como <span class=\"_ _6\"></span>\u201cfinanciaci\u00f3n <span class=\"_ _6\"></span>verde\u201d.<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _6\"></span>Es<span class=\"_ _6\"></span>ta finan<span class=\"_ _6\"></span>ciaci\u00f3n est\u00e1<span class=\"_ _6\"></span> en <span class=\"_ _6\"></span>su totalidad <span class=\"_ _6\"></span>disponible </span></div><div class=\"t_1 m0_1 x1f h8 y60e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">al 31 de diciembre de 20<span class=\"_ _6\"></span>24. </div><div class=\"t_1 m0_1 x1f h9 y34e ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos </div><div class=\"t_1 m0_1 x71 h8 y44c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _6\"></span>mantiene <span class=\"_ _6\"></span>sus<span class=\"_ _6\"></span>critos <span class=\"_ _6\"></span>pr\u00e9stamos <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importe <span class=\"_ _6\"></span>conjunto <span class=\"_ _6\"></span>de <span class=\"_ _10\"></span><span class=\"lse\">278</span> <span class=\"_ _6\"></span><span class=\"ff6\">millones <span class=\"_ _6\"></span>\u20ac <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>vencimientos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en</span>tre <span class=\"_ _6\"></span><span class=\"lse\">202</span>5<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 ya71 ff4 fs4 fc0_1 sc0_1 ls1c ws0_1\">y <span class=\"ls0_1\">2030. <span class=\"_ _1\"></span>Una parte de los <span class=\"_ _1\"></span>pr\u00e9stamos con un nominal de 21,<span class=\"lse\">16</span> <span class=\"ff6\">millones \u20ac <span class=\"_ _1\"></span>devenga un tipo de inter\u00e9s <span class=\"_ _1\"></span>fijo en el<span class=\"_ _e\"></span> </span></span></div><div class=\"t_1 m0_1 x71 h8 y6ac ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">rango <span class=\"_ _6\"></span>1,95%<span class=\"_ _6\"></span>-4,6%. <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _6\"></span>resta<span class=\"_ _6\"></span>nte <span class=\"_ _6\"></span>devenga <span class=\"_ _15\"></span>interes<span class=\"_ _6\"></span>es, <span class=\"_ _15\"></span>principalmente <span class=\"_ _6\"></span>r<span class=\"_ _6\"></span>eferenciados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>Euribor <span class=\"_ _15\"></span>m\u00e1s <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n </div><div class=\"t_1 m0_1 x71 h8 y71d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">diferencial en el rango <span class=\"_ _6\"></span>1,35%-2,0%. El tipo d<span class=\"_ _6\"></span>e inter\u00e9s establecido en el 76% de los contra<span class=\"_ _6\"></span>tos suscritos<span class=\"_ _6\"></span> podr\u00e1 </div><div class=\"t_1 m0_1 x71 h8 y71e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">verse modificado a<span class=\"_ _6\"></span>nualmente en 25<span class=\"_ _6\"></span> puntos<span class=\"_ _6\"></span> b\u00e1sicos<span class=\"_ _6\"></span> en funci\u00f3n del ratin<span class=\"_ _6\"></span>g de so<span class=\"_ _6\"></span>stenibilidad<span class=\"_ _15\"></span> medioambi<span class=\"_ _6\"></span>ental </div><div class=\"t_1 m0_1 x71 h8 y71f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sustainalytics<span class=\"_ _6\"></span> obtenido por ENCE.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y452 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al objeto de cubrir e<span class=\"_ _1\"></span>l riesgo derivado de <span class=\"_ _1\"></span>la contrataci\u00f3n de <span class=\"_ _1\"></span>esta financiaci\u00f3n a tipo de <span class=\"_ _1\"></span>inter\u00e9s variable, ENCE </div><div class=\"t_1 m0_1 x71 h8 ya72 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ha suscrito swaps de tipo de <span class=\"_ _1\"></span>inter\u00e9s que cubren el <span class=\"lse\">47</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"_ _1\"></span>variable, a un tipo </div><div class=\"t_1 m0_1 x71 h8 ya73 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">fijo medio de 3,32% (v\u00e9as<span class=\"_ _6\"></span>e Nota <span class=\"_ _6\"></span><span class=\"lse\">30</span>).<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w2_1 h3b gs4a6\"><div class=\"t_1 m0_1 x82 hd y27a ff3 fs0_1 fc2 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n Ne<span class=\"_ _1\"></span>gocio Ener<span class=\"_ _1\"></span>g\u00eda Renovable </div><div class=\"t_1 m0_1 x82 h9 y6b1 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n corpo<span class=\"_ _6\"></span>rativa </div><div class=\"t_1 m0_1 x1f h8 y925 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con <span class=\"_ _6\"></span>fecha <span class=\"_ _15\"></span>11 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>julio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>2024, <span class=\"_ _6\"></span>Ma<span class=\"_ _6\"></span>gnon <span class=\"_ _6\"></span>Green <span class=\"_ _15\"></span>Energy, <span class=\"_ _15\"></span>S.L. <span class=\"_ _6\"></span>(<span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>ad<span class=\"_ _6\"></span>elante <span class=\"_ _6\"></span>\u201cMA<span class=\"_ _6\"></span>GNON\u201d), <span class=\"_ _6\"></span>h<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>acord<span class=\"_ _6\"></span>ado <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>un </div><div class=\"t_1 m0_1 x1f h8 y926 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sindicato formado<span class=\"_ _6\"></span> por 14 enti<span class=\"_ _6\"></span>dades u<span class=\"_ _6\"></span>n contrato<span class=\"_ _6\"></span> de pr\u00e9stamo por u<span class=\"_ _6\"></span>n importe d<span class=\"_ _6\"></span>e 170 mil<span class=\"_ _6\"></span>lones \u20ac y u<span class=\"_ _6\"></span>na l\u00ednea </div><div class=\"t_1 m0_1 x1f h8 y722 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de cr\u00e9dito (RCF) por importe <span class=\"_ _6\"></span>de 20 millones<span class=\"_ _6\"></span> \u20ac<span class=\"ff4\">. Su<span class=\"_ _6\"></span> detalle al 31/12/2<span class=\"_ _6\"></span>024 es el sigui<span class=\"_ _6\"></span>ente: </span></div></div><div class=\"c_1 w198 h23 gs4a7\"><div class=\"t_1 m0_1 x2d h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"c_1 w19a h23 gs4a8\"><div class=\"t_1 m0_1 x15 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo de  </div></div><div class=\"c_1 w19b h93 gs4a9\"><div class=\"t_1 m0_1 x10 h1f y56 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Disponible </div></div><div class=\"c_1 w19c h93 gs4aa\"><div class=\"t_1 m0_1 x10 h1f y56 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dispuesto </div></div><div class=\"c_1 w199 h93 gs4ab\"><div class=\"t_1 m0_1 x29 h1f y56 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></div><div class=\"c_1 w19a h93 gs4ac\"><div class=\"t_1 m0_1 x7f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Inter\u00e9s </div></div><div class=\"c_1 w197 h23 gs4ad\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 1\u00ba </div></div><div class=\"c_1 w19b h23 gs4ae\"><div class=\"t_1 m0_1 x44 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">65.552  </span></div></div><div class=\"c_1 w19c h23 gs4af\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">65.552  </span></div></div><div class=\"c_1 w199 h23 gs4b0\"><div class=\"t_1 m0_1 xe h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">jul-<span class=\"ls9\">2031</span> </div></div><div class=\"c_1 w19a h23 gs4b1\"><div class=\"t_1 m0_1 x29 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2,00%-2,75% (i) </div></div><div class=\"c_1 w197 h23 gs4b2\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 2\u00ba </div></div><div class=\"c_1 w19b h23 gs4b3\"><div class=\"t_1 m0_1 x44 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">72.000  </span></div></div><div class=\"c_1 w19c h23 gs4b4\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">72.000  </span></div></div><div class=\"c_1 w199 h23 gs4b5\"><div class=\"t_1 m0_1 x29 h1f y5e ff4 fs1 fc0_1 sc0_1 ls38 ws0_1\">ene<span class=\"ls0_1\">-2032 (ii) </span></div></div><div class=\"c_1 w19a h23 gs4b6\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3% (i) </div></div><div class=\"c_1 w197 h58 gs4b7\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 3\u00ba </div></div><div class=\"c_1 w19b h58 gs4b8\"><div class=\"t_1 m0_1 x44 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">30.000  </span></div></div><div class=\"c_1 w19c h58 gs4b9\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">30.000  </span></div></div><div class=\"c_1 w199 h58 gs4ba\"><div class=\"t_1 m0_1 x29 h1f y5e ff4 fs1 fc0_1 sc0_1 ls38 ws0_1\">ene<span class=\"ls0_1\">-2032 (ii) </span></div></div><div class=\"c_1 w19a h58 gs4bb\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5,82% </div></div><div class=\"c_1 w197 h23 gs4bc\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tramo 4\u00ba </div></div><div class=\"c_1 w19b h23 gs4bd\"><div class=\"t_1 m0_1 x44 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">20.000  </span></div></div><div class=\"c_1 w19c h23 gs4be\"><div class=\"t_1 m0_1 x32 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w199 h23 gs4bf\"><div class=\"t_1 m0_1 xe h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">jul-<span class=\"ls9\">2031</span> </div></div><div class=\"c_1 w19a h23 gs4c0\"><div class=\"t_1 m0_1 x29 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1,25%-2,00% (i) </div></div><div class=\"c_1 w19b h23 gs4c1\"><div class=\"t_1 m0_1 x44 h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">            <span class=\"ls9\">187.552 <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w19c h23 gs4c2\"><div class=\"t_1 m0_1 x12 h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">            <span class=\"ls9\">167.552 <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w2_1 h3b gs4a6\"><div class=\"t_1 m0_1 x1f h8 y9b5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">  </div><div class=\"t_1 m0_1 xc h22 y4be ff4 fs4 fc0_1 sc0_1 ls19 ws0_1\">(i)<span class=\"ff2 ls0_1\"> <span class=\"_ _29\"> </span><span class=\"ff4 fs1\">Euribor <span class=\"_ _1\"></span>6 <span class=\"_ _1\"></span>meses m\u00e1s <span class=\"_ _1\"></span>diferencial descrito. <span class=\"_ _e\"></span>En los tr<span class=\"_ _1\"></span>amos bancarios, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>tipo es <span class=\"_ _e\"></span>variable en funci\u00f3n <span class=\"_ _e\"></span>del ratio </span></span></div><div class=\"t_1 m0_1 x2c h1f ya79 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">de endeudamiento de las entidades que conforman el per\u00edmetro de la financiaci\u00f3n. </div><div class=\"t_1 m0_1 xc h22 ya7a ff4 fs4 fc0_1 sc0_1 ls19 ws0_1\">(ii)<span class=\"ff2 ls0_1\"> <span class=\"_ _2a\"> </span><span class=\"ff4 fs1\">Vencimiento \u00edntegro (bullet) en la fecha indicad<span class=\"_ _1\"></span>a.<span class=\"_ _6\"></span> </span></span></div><div class=\"t_1 m0_1 x1f h8 ya7b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Esta <span class=\"_ _10\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>incluye <span class=\"_ _10\"></span>como <span class=\"_ _15\"></span>principales <span class=\"_ _10\"></span>garant\u00edas <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>renda <span class=\"_ _15\"></span>sobre <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>acciones <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>sociedades <span class=\"_ _15\"></span>Celulos<span class=\"_ _6\"></span>a </div><div class=\"t_1 m0_1 x1f h8 ya7c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Energ\u00eda <span class=\"_ _e\"></span>S.A.U., <span class=\"_ _1\"></span>Ence <span class=\"_ _1\"></span>Energ\u00eda <span class=\"_ _e\"></span>P<span class=\"_ _6\"></span>uertollano, S.L.U., <span class=\"_ _e\"></span>ENCE <span class=\"_ _1\"></span>Energ\u00eda Huelva, <span class=\"_ _e\"></span>S.L.U., <span class=\"_ _e\"></span>En<span class=\"_ _6\"></span>ce <span class=\"_ _e\"></span>Energ\u00eda Huelva <span class=\"_ _e\"></span>Dos <span class=\"_ _e\"></span>S.L.U.,<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 ya7d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE E<span class=\"_ _6\"></span>nerg\u00eda Ext<span class=\"_ _6\"></span>remadura, S.<span class=\"_ _6\"></span>L.U. y<span class=\"_ _6\"></span> Magnon <span class=\"_ _6\"></span>Biomas<span class=\"_ _6\"></span>a, S.L.,<span class=\"_ _6\"></span> sob<span class=\"_ _6\"></span>re sus<span class=\"_ _6\"></span> activos <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>derechos d<span class=\"_ _6\"></span>e cobro, <span class=\"_ _6\"></span>actuales </div><div class=\"t_1 m0_1 x1f h8 ya7e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y futuros. </div><div class=\"t_1 m0_1 x82 h8 y833 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Asimismo, <span class=\"_ _6\"></span>esta <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>incluye <span class=\"_ _15\"></span>determinadas <span class=\"_ _15\"></span>obligaciones, <span class=\"_ _15\"></span>habituales <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>este <span class=\"_ _6\"></span>tip<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span>; <span class=\"_ _6\"></span>el </div><div class=\"t_1 m0_1 x82 h8 y854 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">suministro <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>determinada <span class=\"_ _1c\"> </span>informaci\u00f3n <span class=\"_ _1b\"> </span>de <span class=\"_ _1b\"> </span>car\u00e1cter <span class=\"_ _1c\"> </span>operativ<span class=\"_ _6\"></span>o <span class=\"_ _1b\"> </span>y <span class=\"_ _1c\"> </span>financiera <span class=\"_ _19\"> </span><span class=\"ls35\">y <span class=\"_ _1c\"> </span></span>el <span class=\"_ _1b\"> </span>cumplimiento <span class=\"_ _1c\"> </span>d<span class=\"_ _6\"></span>e </div><div class=\"t_1 m0_1 x82 h8 ya7f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">determinados <span class=\"_ _19\"> </span>ratios <span class=\"_ _1b\"> </span>econ\u00f3<span class=\"_ _6\"></span>micos <span class=\"_ _19\"> </span>de <span class=\"_ _1b\"> </span>solvencia <span class=\"_ _19\"> </span>y <span class=\"_ _1b\"> </span>rentab<span class=\"_ _6\"></span>ilidad. <span class=\"_ _19\"> </span>El <span class=\"_ _1b\"> </span>acuerdo <span class=\"_ _19\"> </span>contempla <span class=\"_ _1b\"> </span>asimismo <span class=\"_ _19\"> </span>el<span class=\"_ _33\"> </span> </div><div class=\"t_1 m0_1 x82 h8 y54c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cumplimiento de determin<span class=\"_ _6\"></span>ados ratios<span class=\"_ _6\"></span> ligados al endeudamiento, la s<span class=\"_ _6\"></span>ituaci\u00f3n patrimonial y la<span class=\"_ _6\"></span> capacidad de </div><div class=\"t_1 m0_1 x82 h8 y54d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">generaci\u00f3n de caja del ne<span class=\"_ _6\"></span>gocio, p<span class=\"_ _6\"></span>ara poder llevar a cab<span class=\"_ _6\"></span>o el reparto de <span class=\"_ _6\"></span>divid<span class=\"_ _6\"></span>endos. </div><div class=\"t_1 m0_1 x82 h8 ya80 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El importe de los cos<span class=\"_ _6\"></span>tes de estructu<span class=\"_ _6\"></span>raci\u00f3n y otro<span class=\"_ _6\"></span>s gastos incurridos<span class=\"_ _6\"></span> en la obtenci\u00f3n d<span class=\"_ _6\"></span>e esta financiaci\u00f3n ha </div><div class=\"t_1 m0_1 x82 h8 ya81 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sido de 5,5 millones \u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x82 h8 y237 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"_ _0\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cubrir <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>derivado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>trataci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _0\"></span>variable, </div><div class=\"t_1 m0_1 x82 h8 ya82 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">MAGNON <span class=\"_ _6\"></span>contra<span class=\"_ _6\"></span>tar\u00e1 <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>fase <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>c<span class=\"_ _6\"></span>ierre <span class=\"_ _6\"></span>cob<span class=\"_ _6\"></span>erturas <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>tipo<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>inter\u00e9s <span class=\"_ _15\"></span>(IRS) <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>dan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cob<span class=\"_ _6\"></span>ertura <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>70 <span class=\"_ _15\"></span>% </div><div class=\"t_1 m0_1 x82 h8 y1a3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>financiaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>dispuesta. <span class=\"_ _6\"></span>Ad<span class=\"_ _6\"></span>icionalmente <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>han <span class=\"_ _15\"></span>cancelad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>IRS <span class=\"_ _6\"></span>contrata<span class=\"_ _6\"></span>dos <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ar <span class=\"_ _6\"></span>cobertura <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la </div><div class=\"t_1 m0_1 x82 h8 y239 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financiaci\u00f3n previa (v<span class=\"_ _6\"></span>\u00e9ase Nota <span class=\"_ _6\"></span><span class=\"lse\">30<span class=\"ls19\">).</span></span> </div><div class=\"t_1 m0_1 x82 h8 y8c4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _6\"></span>destino <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>esta<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>ha <span class=\"_ _6\"></span>sido<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cancelar <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>financiaci\u00f3n <span class=\"_ _6\"></span>dis<span class=\"_ _6\"></span>puesta <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>negocio <span class=\"_ _6\"></span>firmada <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>201<span class=\"_ _15\"></span>7 <span class=\"_ _6\"></span><span class=\"ls1c\">y </span></div><div class=\"t_1 m0_1 x82 h8 y162 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>operacio<span class=\"_ _6\"></span>nes <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>necesidades <span class=\"_ _10\"></span>generales <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>MAGNON. <span class=\"_ _15\"></span>Ad<span class=\"_ _6\"></span>icionalment<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>ha <span class=\"_ _15\"></span>permitido<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la </div><div class=\"t_1 m0_1 x82 h8 ya83 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">distribuci\u00f3n de <span class=\"_ _e\"></span>25 mill<span class=\"_ _1\"></span>ones \u20ac <span class=\"_ _e\"></span>en compensaci\u00f3n <span class=\"_ _e\"></span>de los <span class=\"_ _e\"></span>pr\u00e9s<span class=\"_ _6\"></span>tamos <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>uente <span class=\"_ _1\"></span>otorgados por <span class=\"_ _e\"></span>los <span class=\"_ _1\"></span>accionistas hasta </div><div class=\"t_1 m0_1 x82 h8 ya84 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>produjera <span class=\"_ _15\"></span>la <span class=\"_ _6\"></span>implementa<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>cambio <span class=\"_ _6\"></span>regulato<span class=\"_ _6\"></span>rio <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>sector <span class=\"_ _15\"></span>energ\u00e9tico <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>licable <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>plan<span class=\"_ _6\"></span>tas </div><div class=\"t_1 m0_1 x82 h8 ya85 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de MAGNON. Esta financiaci\u00f3<span class=\"_ _6\"></span>n cumple los requisitos para su reconocimiento como una nueva fi<span class=\"_ _6\"></span>nanciaci\u00f3n<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x82 h9 y9d9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y no como un<span class=\"_ _6\"></span>a modificaci\u00f3n de la financiaci\u00f3n<span class=\"_ _6\"></span> existente<span class=\"_ _6\"></span> previamente.<span class=\"_ _6\"></span><span class=\"ff3\"> </span></div><div class=\"t_1 m0_1 x82 h9 y6f5 ff3 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n cance<span class=\"_ _6\"></span>lada </div><div class=\"t_1 m0_1 x1f h8 y6f6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamo <span class=\"_ _1a\"> </span>sindicado<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _12\"> </span>importe  dispuesto  a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>fecha  de <span class=\"_ _12\"> </span>cancelaci\u00f3n  de <span class=\"_ _12\"> </span>31.616<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>mil<span class=\"_ _6\"></span>es  <span class=\"ff6\">\u20ac</span>, <span class=\"_ _12\"> </span>estructura<span class=\"_ _6\"></span>do </div><div class=\"t_1 m0_1 x1f h8 ya86 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">inicialmente <span class=\"_ _11\"> </span>en<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>4 <span class=\"_ _11\"> </span>tra<span class=\"_ _6\"></span>mos, <span class=\"_ _12\"> </span>co<span class=\"_ _6\"></span>n <span class=\"_ _11\"> </span><span class=\"ls11\">un <span class=\"_ _12\"> </span></span>disponible <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>momento <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>su<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>contrata<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>170 <span class=\"_ _11\"> </span>m<span class=\"_ _6\"></span>illones. <span class=\"_ _12\"> </span>Esta </div><div class=\"t_1 m0_1 x1f h8 ya87 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financiaci\u00f3n <span class=\"_ _0\"></span>presentab<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _10\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>30 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>202<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ap<span class=\"_ _6\"></span>roximadamente <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>80% <span class=\"_ _0\"></span>estaba<span class=\"_ _33\"> </span> </div></div>contratada <span class=\"_ _0\"></span>a <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>variable <span class=\"_ _0\"></span>referenciado <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>Euribor <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>margen <span class=\"_ _10\"></span>situado <span class=\"_ _0\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _0\"></span>rango <span class=\"_ _0\"></span>1,25<span class=\"ls39\">% <span class=\"_ _0\"></span></span>- 3,25<span class=\"ls0_1\">% <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> el <span class=\"_ _e\"></span>20% restante <span class=\"_ _e\"></span>a un <span class=\"_ _1\"></span>tipo de <span class=\"_ _e\"></span>inter\u00e9s anual <span class=\"_ _e\"></span>fijo<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de 3,45%. <span class=\"_ _1\"></span>Las comisiones <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>agadas en <span class=\"_ _e\"></span>el ejercicio <span class=\"_ _e\"></span>20<span class=\"_ _6\"></span>17 </span>derivadas <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>esta <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _11\"> </span>ascend<span class=\"_ _6\"></span>ieron <span class=\"_ _11\"> </span><span class=\"ls2f\">a <span class=\"_ _11\"></span></span>5.813 <span class=\"_ _0\"></span>miles <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Euro<span class=\"_ _6\"></span>s. <span class=\"_ _11\"></span><span class=\"ls12\">Est</span>a <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _11\"> </span>inclu\u00eda <span class=\"_ _0\"></span>gara<span class=\"_ _6\"></span>nt\u00edas <span class=\"_ _11\"> </span><span class=\"ls35\">y </span>obligaciones est\u00e1nd<span class=\"_ _6\"></span>ar de mercado y<span class=\"_ _6\"></span> similares a las exigidas<span class=\"_ _6\"></span> en financiaci\u00f3n actual<span class=\"_ _15\"></span>. Dos <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>bligaciones <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _6\"></span>fueron <span class=\"_ _15\"></span>sus<span class=\"_ _6\"></span>critas <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>varios <span class=\"_ _15\"></span>fondos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>deud<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>importe <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>endiente <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>amortizar <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> la <span class=\"_ _e\"></span>fecha <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>canc<span class=\"_ _6\"></span>elaci\u00f3n <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>79.000 <span class=\"_ _1\"></span>miles <span class=\"_ _e\"></span>\u20ac.<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stas <span class=\"_ _1\"></span>obligaciones <span class=\"_ _1\"></span>presentaban <span class=\"_ _1\"></span>su <span class=\"_ _e\"></span>vencimiento <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>30 <span class=\"_ _e\"></span>de diciembre </span>de 2025 y<span class=\"_ _6\"></span> devengab<span class=\"_ _6\"></span>a un<span class=\"_ _6\"></span> tipo <span class=\"_ _6\"></span>de in<span class=\"_ _6\"></span>ter\u00e9s fijo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>3,45% y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span><span class=\"fs1\">estaban <span class=\"_ _6\"></span>admitidas a co<span class=\"_ _6\"></span>tizaci\u00f3n en la<span class=\"_ _6\"></span> bolsa de valo<span class=\"_ _6\"></span>res de<span class=\"_ _6\"></span> </span>Frankfurt (Freiverkehr).<span class=\"_ _33\"> </span><span class=\"fs4\"> </span>28.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Otros pasivos<span class=\"_ _1\"></span> financieros </span></span>El <span class=\"_ _e\"></span>detalle <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>te <span class=\"_ _e\"></span>ep\u00edgraf<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>de<span class=\"_ _6\"></span>l <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>stado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>Financiera<span class=\"_ _6\"></span> Consolidado <span class=\"_ _e\"></span>al 31 <span class=\"_ _a\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>diciembr<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>de 2024 <span class=\"_ _e\"></span>y 2023 es el siguiente: Vencimiento en el a\u00f1o Corto Plazo Largo Plazo  2024<span class=\"ls0_1\"> </span>Miles de euros Saldo Dispuesto 2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>2029<span class=\"ls0_1\"> </span>Siguientes Otros pasivos financieros Negocio CELULOSA - Financiaci\u00f3n organismos p\u00fablicos 34.407 8.459 8.019 6.279 6.371 3.891 1.3<span class=\"ls9\">88</span> Pasivos por derecho de uso (Nota 17) 52.803 5.251 4.780 4.657 3.509 2.932 31.674 87.210<span class=\"ls0_1\"> </span>13.710<span class=\"ls0_1\"> </span>12.799<span class=\"ls0_1\"> </span>10.936<span class=\"ls0_1\"> </span>9.880<span class=\"ls0_1\"> </span>6.823<span class=\"ls0_1\"> </span>33.062<span class=\"ls0_1\"> </span>Otros pasivos financieros Negocio RENOVABLES - Pasivos por derecho de uso (Nota 17) 5.744 1.768 1.628 1.107 786<span class=\"ls0_1\"> </span>410<span class=\"ls0_1\"> </span>45 5.744<span class=\"ls0_1\"> </span>1.768<span class=\"ls0_1\"> </span>1.628<span class=\"ls0_1\"> </span>1.107<span class=\"ls0_1\"> </span>786<span class=\"ls0_1\"> </span>410<span class=\"ls0_1\"> </span>45 92.954<span class=\"ls0_1\"> </span>15.478<span class=\"ls0_1\"> </span>14.427<span class=\"ls0_1\"> </span>12.043<span class=\"ls0_1\"> </span>10.666<span class=\"ls0_1\"> </span>7.233<span class=\"ls0_1\"> </span>33.10<span class=\"ls0_1\">7 </span>Vencimiento en el a\u00f1o Corto Plazo  Largo Plazo 2023<span class=\"ls0_1\"> </span>Miles de euros Saldo Dispuesto 2024<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>Siguientes Otros pasivos financieros Negocio CELULOSA - Financiaci\u00f3n organismos p\u00fablicos 42.885 8.737 8.130 8.161 6.305 6.316 5.236 Pasivos por derecho de uso (Nota 17) 42.003 4.005 3.791 3.128 2.667 1.570 26.842 84.888<span class=\"ls0_1\"> </span>12.742<span class=\"ls0_1\"> </span>11.921<span class=\"ls0_1\"> </span>11.289<span class=\"ls0_1\"> </span>8.972<span class=\"ls0_1\"> </span>7.886<span class=\"ls0_1\"> </span>32.078<span class=\"ls0_1\"> </span>Otros pasivos financieros Negocio RENOVABLES - Pasivos por derecho de uso (Nota 17) 2.832 1.102 665<span class=\"ls0_1\"> </span>516<span class=\"ls0_1\"> </span>320<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>2.832<span class=\"ls0_1\"> </span>1.102<span class=\"ls0_1\"> </span>665<span class=\"ls0_1\"> </span>516<span class=\"ls0_1\"> </span>320<span class=\"ls0_1\"> </span>152<span class=\"ls0_1\"> </span>77<span class=\"ls0_1\"> </span>87.720<span class=\"ls0_1\"> </span>13.844<span class=\"ls0_1\"> </span>12.586<span class=\"ls0_1\"> </span>11.805<span class=\"ls0_1\"> </span>9.292<span class=\"ls0_1\"> </span>8.038<span class=\"ls0_1\"> </span>32.155<span class=\"ls0_1\"> </span>La <span class=\"_ _11\"> </span>cuenta <span class=\"_ _12\"> </span>\u201cFinanciaci\u00f3n <span class=\"_ _12\"> </span>organ<span class=\"_ _6\"></span>ismos <span class=\"_ _11\"> </span>p\u00fa<span class=\"_ _6\"></span>blicos\u201d <span class=\"_ _11\"> </span>corres<span class=\"_ _6\"></span>ponde <span class=\"_ _11\"> </span>fundamental<span class=\"_ _6\"></span>mente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>p<span class=\"_ _6\"></span>r\u00e9stamos <span class=\"_ _12\"> </span>obtenidos, normalmente <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>tipos <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>inter\u00e9s <span class=\"_ _11\"> </span>favorables, <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>financian <span class=\"_ _11\"> </span>proyectos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>para <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>amp<span class=\"_ _6\"></span>liaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>mejora <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>la<span class=\"_ _1\"></span> capacidad productiv<span class=\"_ _6\"></span>a de las <span class=\"_ _1\"></span>biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"_ _1\"></span>actividades de<span class=\"_ _33\"> </span> <div class=\"c_1 w2_1 h3b gs53a\"><div class=\"t_1 m0_1 x82 h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">I+D+i en <span class=\"_ _6\"></span>EN<span class=\"_ _6\"></span>CE. <span class=\"_ _6\"></span>Su <span class=\"_ _6\"></span>plazo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>amortizaci\u00f3n <span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>10 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>con u<span class=\"_ _6\"></span>n period<span class=\"_ _6\"></span>o de <span class=\"_ _6\"></span>carencia <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e 3 <span class=\"_ _6\"></span>a\u00f1os, <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>devengan </div><div class=\"t_1 m0_1 x82 h8 y21d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">un tipo de in<span class=\"_ _6\"></span>ter\u00e9s fijo que se sit\u00faa en el ra<span class=\"_ _6\"></span>ngo <span class=\"_ _6\"></span>0%-3,75<span class=\"ls39\">%.<span class=\"_ _33\"> </span></span> </div><div class=\"t_1 m0_1 x71 h46 y21e ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">28.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Estado de flujos<span class=\"_ _1\"></span> de efectivo<span class=\"_ _1\"></span> (EFE) </span></span></div><div class=\"t_1 m0_1 x3f h8 y926 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Se <span class=\"_ _12\"> </span>muestra  a <span class=\"_ _12\"> </span>contin<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _12\"> </span>la  conciliaci\u00f3n <span class=\"_ _12\"> </span>entre  las<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>ariaciones <span class=\"_ _12\"> </span>en  el <span class=\"_ _12\"> </span>endeudamiento  financiero <span class=\"_ _12\"> </span>del  G<span class=\"_ _1\"></span>rupo </div><div class=\"t_1 m0_1 x3f h8 y722 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(deudas <span class=\"_ _6\"></span>con entidades<span class=\"_ _6\"></span> de cr\u00e9dito <span class=\"_ _6\"></span>y mercado <span class=\"_ _6\"></span>de capita<span class=\"_ _6\"></span>les y otros <span class=\"_ _6\"></span>pasivos <span class=\"_ _6\"></span>financieros) y <span class=\"_ _6\"></span>los flujos <span class=\"_ _6\"></span>de financiaci\u00f3n </div><div class=\"t_1 m0_1 x3f h8 y723 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">recogidos en el <span class=\"ff6\">ep\u00edgrafe<span class=\"_ _1\"></span> \u201cCobros y pagos por <span class=\"_ _1\"></span>instrumentos de pasivo financiero\u201d del <span class=\"_ _1\"></span>Estado<span class=\"_ _6\"></span><span class=\"ff4\"> de Flujos de <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>fectivo </span></span></div><div class=\"t_1 m0_1 x3f h8 y724 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en 2024 y 2023:<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x3f h8 y69b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x3f h8 y5c8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div><div class=\"c_1 w1a6 h15 gs53b\"><div class=\"t_1 m0_1 x16 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Flujos de efe<span class=\"_ _1\"></span>ctivo </div></div><div class=\"c_1 w1a7 h15 gs53c\"><div class=\"t_1 m0_1 x7f he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones de de<span class=\"_ _1\"></span>uda sin <span class=\"_ _1\"></span>impacto en <span class=\"_ _1\"></span>EFE </div></div><div class=\"c_1 wa5 hea gs53d\"><div class=\"t_1 m0_1 x12 he8 yaa3 ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w5e hea gs53e\"><div class=\"t_1 m0_1 x10 he9 y10d ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo </div><div class=\"t_1 m0_1 x11 he9 y74b ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1/1/2024 </div></div><div class=\"c_1 w191 hea gs53f\"><div class=\"t_1 m0_1 x5a he9 yaa4 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Emisiones <span class=\"_ _1\"></span>y </div><div class=\"t_1 m0_1 x12 he9 y10d ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">disposicione<span class=\"_ _1\"></span>s </div><div class=\"t_1 m0_1 x87 he9 y74b ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(Netas de </div><div class=\"t_1 m0_1 x8c he9 yb1 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">gastos) </div></div><div class=\"c_1 w1a8 hea gs540\"><div class=\"t_1 m0_1 x12 he9 yaa5 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Reembolsos<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x87 he9 yaa3 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">/ Cuotas </div><div class=\"t_1 m0_1 x87 he9 yaa6 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">pagadas </div></div><div class=\"c_1 w1a9 hea gs541\"><div class=\"t_1 m0_1 x5a he9 y10d ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pago de </div><div class=\"t_1 m0_1 x12 he9 y74b ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses </div></div><div class=\"c_1 w1aa hea gs542\"><div class=\"t_1 m0_1 x12 he9 yaa5 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo </div><div class=\"t_1 m0_1 x8c he9 yaa3 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de </div><div class=\"t_1 m0_1 x12 he9 yaa6 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses </div></div><div class=\"c_1 w121 hea gs543\"><div class=\"t_1 m0_1 x32 he9 yaa5 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo de </div><div class=\"t_1 m0_1 x10 he9 yaa3 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">costes de </div><div class=\"t_1 m0_1 x12 he9 yaa6 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">estructura<span class=\"_ _1\"></span>ci\u00f3n </div></div><div class=\"c_1 wde hea gs544\"><div class=\"t_1 m0_1 x32 he9 yaa4 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones </div><div class=\"t_1 m0_1 x5a he9 y10d ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">por derecho<span class=\"_ _1\"></span>s </div><div class=\"t_1 m0_1 x5a he9 y74b ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de uso sobre<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x2a he9 yb1 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos </div></div><div class=\"c_1 we2 hea gs545\"><div class=\"t_1 m0_1 x12 he9 yaa4 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Actualiza<span class=\"_ _33\"> </span></div><div class=\"t_1 m0_1 x54 he9 y10d ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">ci\u00f3n </div><div class=\"t_1 m0_1 x44 he9 y74b ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">financier<span class=\"_ _33\"> </span></div><div class=\"t_1 m0_1 x44 he9 yb1 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">a y otros </div></div><div class=\"c_1 w52 hea gs546\"><div class=\"t_1 m0_1 x2a he9 y10d ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo </div><div class=\"t_1 m0_1 x11 he9 y74b ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024<span class=\"_ _1\"></span> </div></div><div class=\"c_1 wa5 ha6 gs547\"><div class=\"t_1 m0_1 x12 he9 y45 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio CELULOSA <span class=\"_ _1\"></span>- </div></div><div class=\"c_1 wa5 h21 gs548\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _1\"></span>s y bonos </div></div><div class=\"c_1 w5e h21 gs549\"><div class=\"t_1 m0_1 x2e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">53.047 </div></div><div class=\"c_1 w191 h21 gs54a\"><div class=\"t_1 m0_1 x5 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">215.400 </div></div><div class=\"c_1 w1a8 h21 gs54b\"><div class=\"t_1 m0_1 x54 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(193.800) </div></div><div class=\"c_1 w1a9 h21 gs54c\"><div class=\"t_1 m0_1 x54 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(4.476) </div></div><div class=\"c_1 w1aa h21 gs54d\"><div class=\"t_1 m0_1 x4 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">3.390 </div></div><div class=\"c_1 w121 h21 gs54e\"><div class=\"t_1 m0_1 x3b he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wde h21 gs54f\"><div class=\"t_1 m0_1 xd9 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 we2 h21 gs550\"><div class=\"t_1 m0_1 x65 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w52 h21 gs551\"><div class=\"t_1 m0_1 x7f he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">73.561 </div></div><div class=\"c_1 wa5 h21 gs552\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios </div></div><div class=\"c_1 w5e h21 gs553\"><div class=\"t_1 m0_1 x4 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">359.598 </div></div><div class=\"c_1 w191 h21 gs554\"><div class=\"t_1 m0_1 x1c he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h21 gs555\"><div class=\"t_1 m0_1 x2a he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(82.317) </div></div><div class=\"c_1 w1a9 h21 gs556\"><div class=\"t_1 m0_1 x96 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1aa h21 gs557\"><div class=\"t_1 m0_1 x19 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w121 h21 gs558\"><div class=\"t_1 m0_1 x16 he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">285<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wde h21 gs559\"><div class=\"t_1 m0_1 xd9 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 we2 h21 gs55a\"><div class=\"t_1 m0_1 x65 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w52 h21 gs55b\"><div class=\"t_1 m0_1 x1e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">277.566 </div></div><div class=\"c_1 wa5 h21 gs55c\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivo<span class=\"_ _1\"></span>s financie<span class=\"_ _1\"></span>ros </div></div><div class=\"c_1 w5e h21 gs55d\"><div class=\"t_1 m0_1 x2e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">42.886 </div></div><div class=\"c_1 w191 h21 gs55e\"><div class=\"t_1 m0_1 x21 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">6.369 </div></div><div class=\"c_1 w1a8 h21 gs55f\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(8.545) </div></div><div class=\"c_1 w1a9 h21 gs560\"><div class=\"t_1 m0_1 x96 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1aa h21 gs561\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(75) </div></div><div class=\"c_1 w121 h21 gs562\"><div class=\"t_1 m0_1 x3b he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wde h21 gs563\"><div class=\"t_1 m0_1 x88 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(6.259) </div></div><div class=\"c_1 we2 h21 gs564\"><div class=\"t_1 m0_1 x15 he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">31<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w52 h21 gs565\"><div class=\"t_1 m0_1 x7f he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">34.407 </div></div><div class=\"c_1 wa5 h21 gs566\"><div class=\"t_1 m0_1 xe he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros </div></div><div class=\"c_1 w5e h21 gs567\"><div class=\"t_1 m0_1 x1e he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.303 </div></div><div class=\"c_1 w191 h21 gs568\"><div class=\"t_1 m0_1 x1c he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h21 gs569\"><div class=\"t_1 m0_1 x16 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a9 h21 gs56a\"><div class=\"t_1 m0_1 x11 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(16.941) </div></div><div class=\"c_1 w1aa h21 gs56b\"><div class=\"t_1 m0_1 x29 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">16.787 </div></div><div class=\"c_1 w121 h21 gs56c\"><div class=\"t_1 m0_1 x3b he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wde h21 gs56d\"><div class=\"t_1 m0_1 xd9 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 we2 h21 gs56e\"><div class=\"t_1 m0_1 x65 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w52 h21 gs56f\"><div class=\"t_1 m0_1 x19 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.149 </div></div><div class=\"c_1 wa5 hec gs570\"><div class=\"t_1 m0_1 xe he9 yaa9 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre </div><div class=\"t_1 m0_1 x12 he9 y47 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos </div></div><div class=\"c_1 w5e hec gs571\"><div class=\"t_1 m0_1 x2e he9 y6fd ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">42.003 </div></div><div class=\"c_1 w191 hec gs572\"><div class=\"t_1 m0_1 x1c he9 y6fd ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 hec gs573\"><div class=\"t_1 m0_1 xe he9 y6fd ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(7.191) </div></div><div class=\"c_1 w1aa hec gs574\"><div class=\"t_1 m0_1 x4 he9 y6fd ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.294 </div></div><div class=\"c_1 w121 hec gs575\"><div class=\"t_1 m0_1 x3b he9 y6fd ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wde hec gs576\"><div class=\"t_1 m0_1 x21 he9 y6fd ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">15.700 </div></div><div class=\"c_1 we2 hec gs577\"><div class=\"t_1 m0_1 x65 he9 y6fd ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w52 hec gs578\"><div class=\"t_1 m0_1 x7f he9 y6fd ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">52.806 </div></div><div class=\"c_1 w5e h15 gs579\"><div class=\"t_1 m0_1 x4 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">499.837 </div></div><div class=\"c_1 w191 h15 gs57a\"><div class=\"t_1 m0_1 x5 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">221.769 </div></div><div class=\"c_1 w1a8 h15 gs57b\"><div class=\"t_1 m0_1 x54 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(291.853) </div></div><div class=\"c_1 w1a9 h15 gs57c\"><div class=\"t_1 m0_1 x11 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(21.417) </div></div><div class=\"c_1 w1aa h15 gs57d\"><div class=\"t_1 m0_1 x29 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">22.396 </div></div><div class=\"c_1 w121 h15 gs57e\"><div class=\"t_1 m0_1 x16 he8 y5e ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">285<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wde h15 gs57f\"><div class=\"t_1 m0_1 x96 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">9.441 </div></div><div class=\"c_1 we2 h15 gs580\"><div class=\"t_1 m0_1 x15 he8 y5e ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">31<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w52 h15 gs581\"><div class=\"t_1 m0_1 x1e he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">440.489 </div></div><div class=\"c_1 wa5 h32 gs582\"><div class=\"t_1 m0_1 xe he9 y114 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados </div><div class=\"t_1 m0_1 x12 he9 y53f ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n </div></div><div class=\"c_1 w5e h32 gs583\"><div class=\"t_1 m0_1 x2e he9 yaab ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(4.035) </div></div><div class=\"c_1 w191 h32 gs584\"><div class=\"t_1 m0_1 x1c he9 yaab ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h32 gs585\"><div class=\"t_1 m0_1 x16 he9 yaab ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a9 h32 gs586\"><div class=\"t_1 m0_1 x1a he9 yaab ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(372) </div></div><div class=\"c_1 w1aa h32 gs587\"><div class=\"t_1 m0_1 x19 he9 yaab ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w121 h32 gs588\"><div class=\"t_1 m0_1 x3b he9 yaab ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wde h32 gs589\"><div class=\"t_1 m0_1 xd9 he9 yaab ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 we2 h32 gs58a\"><div class=\"t_1 m0_1 x4 he9 yaab ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.380 </div></div><div class=\"c_1 w52 h32 gs58b\"><div class=\"t_1 m0_1 x15 he9 yaab ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(3.027) </div></div><div class=\"c_1 w5e hed gs58c\"><div class=\"t_1 m0_1 x4 he8 yaae ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">495.802 </div></div><div class=\"c_1 w191 hed gs58d\"><div class=\"t_1 m0_1 x5 he8 yaae ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">221.769 </div></div><div class=\"c_1 w1a8 hed gs58e\"><div class=\"t_1 m0_1 x54 he8 yaae ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(291.853) </div></div><div class=\"c_1 w1a9 hed gs58f\"><div class=\"t_1 m0_1 x11 he8 yaae ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(21.789) </div></div><div class=\"c_1 w1aa hed gs590\"><div class=\"t_1 m0_1 x29 he8 yaae ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">22.396 </div></div><div class=\"c_1 w121 hed gs591\"><div class=\"t_1 m0_1 x16 he8 yaae ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">285<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wde hed gs592\"><div class=\"t_1 m0_1 x96 he8 yaae ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">9.441 </div></div><div class=\"c_1 we2 hed gs593\"><div class=\"t_1 m0_1 x4 he8 yaae ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.411 </div></div><div class=\"c_1 w52 hed gs594\"><div class=\"t_1 m0_1 x1e he8 yaae ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">437.462 </div></div><div class=\"c_1 wa5 h15 gs595\"><div class=\"t_1 m0_1 x12 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio RENOVA<span class=\"_ _1\"></span>BLES - </div></div><div class=\"c_1 wa5 h15 gs596\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _1\"></span>s y bonos </div></div><div class=\"c_1 w5e h15 gs597\"><div class=\"t_1 m0_1 x2e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">78.697 </div></div><div class=\"c_1 w191 h15 gs598\"><div class=\"t_1 m0_1 x1c he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h15 gs599\"><div class=\"t_1 m0_1 x2a he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(79.000) </div></div><div class=\"c_1 w1a9 h15 gs59a\"><div class=\"t_1 m0_1 x96 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1aa h15 gs59b\"><div class=\"t_1 m0_1 x19 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w121 h15 gs59c\"><div class=\"t_1 m0_1 x16 he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">303<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wde h15 gs59d\"><div class=\"t_1 m0_1 xd9 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 we2 h15 gs59e\"><div class=\"t_1 m0_1 x65 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w52 h15 gs59f\"><div class=\"t_1 m0_1 x31 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wa5 h15 gs5a0\"><div class=\"t_1 m0_1 xe he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios </div></div><div class=\"c_1 w5e h15 gs5a1\"><div class=\"t_1 m0_1 x2e he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">43.771 </div></div><div class=\"c_1 w191 h15 gs5a2\"><div class=\"t_1 m0_1 x5 he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">166.464 </div></div><div class=\"c_1 w1a8 h15 gs5a3\"><div class=\"t_1 m0_1 x2a he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(48.510) </div></div><div class=\"c_1 w1a9 h15 gs5a4\"><div class=\"t_1 m0_1 x96 he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1aa h15 gs5a5\"><div class=\"t_1 m0_1 x19 he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w121 h15 gs5a6\"><div class=\"t_1 m0_1 x16 he9 y35 ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">599<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wde h15 gs5a7\"><div class=\"t_1 m0_1 xd9 he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 we2 h15 gs5a8\"><div class=\"t_1 m0_1 x65 he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w52 h15 gs5a9\"><div class=\"t_1 m0_1 x1e he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">162.324 </div></div><div class=\"c_1 wa5 h35 gs5aa\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros </div></div><div class=\"c_1 w5e h35 gs5ab\"><div class=\"t_1 m0_1 x13 he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">48<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w191 h35 gs5ac\"><div class=\"t_1 m0_1 x1c he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h35 gs5ad\"><div class=\"t_1 m0_1 x16 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a9 h35 gs5ae\"><div class=\"t_1 m0_1 x54 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(5.932) </div></div><div class=\"c_1 w1aa h35 gs5af\"><div class=\"t_1 m0_1 x4 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">5.979 </div></div><div class=\"c_1 w121 h35 gs5b0\"><div class=\"t_1 m0_1 x3b he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wde h35 gs5b1\"><div class=\"t_1 m0_1 xd9 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 we2 h35 gs5b2\"><div class=\"t_1 m0_1 x65 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w52 h35 gs5b3\"><div class=\"t_1 m0_1 x16 he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">95<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wa5 hef gs5b4\"><div class=\"t_1 m0_1 xe he9 yab3 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre </div><div class=\"t_1 m0_1 x12 he9 y58 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos </div></div><div class=\"c_1 w5e hef gs5b5\"><div class=\"t_1 m0_1 x1e he9 y7ba ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.832 </div></div><div class=\"c_1 w191 hef gs5b6\"><div class=\"t_1 m0_1 x1c he9 y7ba ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 hef gs5b7\"><div class=\"t_1 m0_1 xe he9 y7ba ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.879) </div></div><div class=\"c_1 w1aa hef gs5b8\"><div class=\"t_1 m0_1 x5 he9 y7ba ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">141<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w121 hef gs5b9\"><div class=\"t_1 m0_1 x3b he9 y7ba ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wde hef gs5ba\"><div class=\"t_1 m0_1 x96 he9 y7ba ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">4.650 </div></div><div class=\"c_1 we2 hef gs5bb\"><div class=\"t_1 m0_1 x65 he9 y7ba ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w52 hef gs5bc\"><div class=\"t_1 m0_1 x19 he9 y7ba ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">5.744 </div></div><div class=\"c_1 w5e h35 gs5bd\"><div class=\"t_1 m0_1 x4 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">125.348 </div></div><div class=\"c_1 w191 h35 gs5be\"><div class=\"t_1 m0_1 x5 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">166.464 </div></div><div class=\"c_1 w1a8 h35 gs5bf\"><div class=\"t_1 m0_1 x54 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(129.389) </div></div><div class=\"c_1 w1a9 h35 gs5c0\"><div class=\"t_1 m0_1 x54 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(5.932) </div></div><div class=\"c_1 w1aa h35 gs5c1\"><div class=\"t_1 m0_1 x4 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">6.120 </div></div><div class=\"c_1 w121 h35 gs5c2\"><div class=\"t_1 m0_1 x16 he8 y5e ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">902<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wde h35 gs5c3\"><div class=\"t_1 m0_1 x96 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">4.650 </div></div><div class=\"c_1 we2 h35 gs5c4\"><div class=\"t_1 m0_1 x65 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w52 h35 gs5c5\"><div class=\"t_1 m0_1 x1e he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">168.163 </div></div><div class=\"c_1 wa5 h31 gs5c6\"><div class=\"t_1 m0_1 xe he9 yab6 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados </div><div class=\"t_1 m0_1 x12 he9 y60 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n </div></div><div class=\"c_1 w5e h31 gs5c7\"><div class=\"t_1 m0_1 x1e he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">3.029 </div></div><div class=\"c_1 w191 h31 gs5c8\"><div class=\"t_1 m0_1 x1c he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h31 gs5c9\"><div class=\"t_1 m0_1 x16 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a9 h31 gs5ca\"><div class=\"t_1 m0_1 x54 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(3.866) </div></div><div class=\"c_1 w1aa h31 gs5cb\"><div class=\"t_1 m0_1 x19 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w121 h31 gs5cc\"><div class=\"t_1 m0_1 x3b he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wde h31 gs5cd\"><div class=\"t_1 m0_1 xd9 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 we2 h31 gs5ce\"><div class=\"t_1 m0_1 x29 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.424) </div></div><div class=\"c_1 w52 h31 gs5cf\"><div class=\"t_1 m0_1 x15 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(2.261) </div></div><div class=\"c_1 w5e h35 gs5d0\"><div class=\"t_1 m0_1 x4 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">128.377 </div></div><div class=\"c_1 w191 h35 gs5d1\"><div class=\"t_1 m0_1 x5 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">166.464 </div></div><div class=\"c_1 w1a8 h35 gs5d2\"><div class=\"t_1 m0_1 x54 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(129.389) </div></div><div class=\"c_1 w1a9 h35 gs5d3\"><div class=\"t_1 m0_1 x54 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(9.798) </div></div><div class=\"c_1 w1aa h35 gs5d4\"><div class=\"t_1 m0_1 x4 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">6.120 </div></div><div class=\"c_1 w121 h35 gs5d5\"><div class=\"t_1 m0_1 x16 he8 y5e ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">902<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wde h35 gs5d6\"><div class=\"t_1 m0_1 x96 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">4.650 </div></div><div class=\"c_1 we2 h35 gs5d7\"><div class=\"t_1 m0_1 x29 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.424) </div></div><div class=\"c_1 w52 h35 gs5d8\"><div class=\"t_1 m0_1 x1e he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">165.902 </div></div><div class=\"c_1 w5e h15 gs5d9\"><div class=\"t_1 m0_1 x4 he8 y58 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">624.179 </div></div><div class=\"c_1 w191 h15 gs5da\"><div class=\"t_1 m0_1 x5 he8 y58 ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">38<span class=\"ls0_1\">8.263 </span></div></div><div class=\"c_1 w1a8 h15 gs5db\"><div class=\"t_1 m0_1 x54 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(421.242) </div></div><div class=\"c_1 w1a9 h15 gs5dc\"><div class=\"t_1 m0_1 x11 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(31.587) </div></div><div class=\"c_1 w1aa h15 gs5dd\"><div class=\"t_1 m0_1 x29 he8 y58 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">28.516 </div></div><div class=\"c_1 w121 h15 gs5de\"><div class=\"t_1 m0_1 x13 he8 y58 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.187 </div></div><div class=\"c_1 wde h15 gs5df\"><div class=\"t_1 m0_1 x21 he8 y58 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">14.091 </div></div><div class=\"c_1 we2 h15 gs5e0\"><div class=\"t_1 m0_1 x5 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(13) </div></div><div class=\"c_1 w52 h15 gs5e1\"><div class=\"t_1 m0_1 x1e he8 y58 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">603.364<span class=\"_ _33\"> </span> </div></div>Flujos de efe<span class=\"_ _1\"></span>ctivo Variaciones de de<span class=\"_ _1\"></span>uda sin <span class=\"_ _1\"></span>impacto en <span class=\"_ _1\"></span>EFE 202<span class=\"ls0_1\">3 </span>Saldo 1/1/2023 Emisiones <span class=\"_ _1\"></span>y disposicione<span class=\"_ _1\"></span>s (Netas de gastos) Reembolsos<span class=\"_ _1\"></span> / Cuotas pagadas Pago de intereses Devengo de intereses Devengo de costes de estructura<span class=\"_ _1\"></span>ci\u00f3n Variaciones por derecho<span class=\"_ _1\"></span>s de uso sobre<span class=\"_ _1\"></span> activos Actualizaci\u00f3n<span class=\"_ _e\"></span> financiera y otros Saldo 31/12/2023<span class=\"_ _1\"></span> Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio CELULO<span class=\"_ _1\"></span>SA - Obligacione<span class=\"_ _1\"></span>s y bonos 63.300 66.400 (76.300) - - - - (353) 53.047 Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios 94.461 272.339 (7.500) - - 298<span class=\"ls0_1\"> </span>- - 359.598 Otros pasivo<span class=\"_ _1\"></span>s financie<span class=\"_ _1\"></span>ros 49.973 858<span class=\"ls0_1\"> </span>(7.905) - (71) - - 31<span class=\"ls0_1\"> </span>42.886 Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros 1.186 - - (15.171) 16.289 - - - 2.304 Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre activ<span class=\"_ _1\"></span>os 37.603 - (5.953) 2.274 - 8.079 42.003 246.522 339.597 (97.658) (15.171) 18.492 298<span class=\"ls0_1\"> </span>8.079 (322) 499.837 Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n - - - 1.299 - - - (5.334) (4.035) 246.522 339.597 (97.658) (13.872) 18.492 298<span class=\"ls0_1\"> </span>8.079 (5.656) 495.802 Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio RENOVA<span class=\"_ _1\"></span>BLES - Obligacione<span class=\"_ _1\"></span>s y bonos 78.436 - - - - 261<span class=\"ls0_1\"> </span>- - 78.697 Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios 70.520 - (27.067) - - 318<span class=\"ls0_1\"> </span>- - 43.771 Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros 23<span class=\"ls0_1\"> </span>- - (9.742) 9.767 - - - 48<span class=\"ls0_1\"> </span>Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre acti<span class=\"_ _1\"></span>vos 1.697 - (1.429) 90<span class=\"ls0_1\"> </span>- 2.474 - 2.832 150.676 - (28.496) (9.742) 9.857 579<span class=\"ls0_1\"> </span>2.474 - 125.348 Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n 5.910 - - 2.867 - - - (5.748) 3.029 156.586 - (28.496) (6.875) 9.857 579<span class=\"ls0_1\"> </span>2.474 (5.748) 128.377 403.108 339.597 (126.154) (20.747) 28.349 877<span class=\"ls0_1\"> </span>10.553 (11.404) 624.179<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "28.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Estado de flujos<span class=\"_ _1\"></span> de efectivo<span class=\"_ _1\"></span> (EFE) </span></span>Se <span class=\"_ _12\"> </span>muestra  a <span class=\"_ _12\"> </span>contin<span class=\"_ _6\"></span>uaci\u00f3n <span class=\"_ _12\"> </span>la  conciliaci\u00f3n <span class=\"_ _12\"> </span>entre  las<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>v<span class=\"_ _6\"></span>ariaciones <span class=\"_ _12\"> </span>en  el <span class=\"_ _12\"> </span>endeudamiento  financiero <span class=\"_ _12\"> </span>del  G<span class=\"_ _1\"></span>rupo (deudas <span class=\"_ _6\"></span>con entidades<span class=\"_ _6\"></span> de cr\u00e9dito <span class=\"_ _6\"></span>y mercado <span class=\"_ _6\"></span>de capita<span class=\"_ _6\"></span>les y otros <span class=\"_ _6\"></span>pasivos <span class=\"_ _6\"></span>financieros) y <span class=\"_ _6\"></span>los flujos <span class=\"_ _6\"></span>de financiaci\u00f3n recogidos en el <span class=\"ff6\">ep\u00edgrafe<span class=\"_ _1\"></span> \u201cCobros y pagos por <span class=\"_ _1\"></span>instrumentos de pasivo financiero\u201d del <span class=\"_ _1\"></span>Estado<span class=\"_ _6\"></span><span class=\"ff4\"> de Flujos de <span class=\"_ _e\"></span>E<span class=\"_ _6\"></span>fectivo </span></span>en 2024 y 2023:<span class=\"_ _6\"></span> Flujos de efe<span class=\"_ _1\"></span>ctivo Variaciones de de<span class=\"_ _1\"></span>uda sin <span class=\"_ _1\"></span>impacto en <span class=\"_ _1\"></span>EFE 2024<span class=\"ls0_1\"> </span>Saldo 1/1/2024 Emisiones <span class=\"_ _1\"></span>y disposicione<span class=\"_ _1\"></span>s (Netas de gastos) Reembolsos<span class=\"_ _1\"></span> / Cuotas pagadas Pago de intereses Devengo de intereses Devengo de costes de estructura<span class=\"_ _1\"></span>ci\u00f3n Variaciones por derecho<span class=\"_ _1\"></span>s de uso sobre<span class=\"_ _1\"></span> activos Actualiza<span class=\"_ _33\"> </span>ci\u00f3n financier<span class=\"_ _33\"> </span>a y otros Saldo 31/12/2024<span class=\"_ _1\"></span> Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio CELULOSA <span class=\"_ _1\"></span>- Obligacione<span class=\"_ _1\"></span>s y bonos 53.047 215.400 (193.800) (4.476) 3.390 - - - 73.561 Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios 359.598 - (82.317) - - 285<span class=\"ls0_1\"> </span>- - 277.566 Otros pasivo<span class=\"_ _1\"></span>s financie<span class=\"_ _1\"></span>ros 42.886 6.369 (8.545) - (75) - (6.259) 31<span class=\"ls0_1\"> </span>34.407 Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros 2.303 - - (16.941) 16.787 - - - 2.149 Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre activos 42.003 - (7.191) 2.294 - 15.700 - 52.806 499.837 221.769 (291.853) (21.417) 22.396 285<span class=\"ls0_1\"> </span>9.441 31<span class=\"ls0_1\"> </span>440.489 Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n (4.035) - - (372) - - - 1.380 (3.027) 495.802 221.769 (291.853) (21.789) 22.396 285<span class=\"ls0_1\"> </span>9.441 1.411 437.462 Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio RENOVA<span class=\"_ _1\"></span>BLES - Obligacione<span class=\"_ _1\"></span>s y bonos 78.697 - (79.000) - - 303<span class=\"ls0_1\"> </span>- - - Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios 43.771 166.464 (48.510) - - 599<span class=\"ls0_1\"> </span>- - 162.324 Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros 48<span class=\"ls0_1\"> </span>- - (5.932) 5.979 - - - 95<span class=\"ls0_1\"> </span>Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre activos 2.832 - (1.879) 141<span class=\"ls0_1\"> </span>- 4.650 - 5.744 125.348 166.464 (129.389) (5.932) 6.120 902<span class=\"ls0_1\"> </span>4.650 - 168.163 Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n 3.029 - - (3.866) - - - (1.424) (2.261) 128.377 166.464 (129.389) (9.798) 6.120 902<span class=\"ls0_1\"> </span>4.650 (1.424) 165.902 624.179 38<span class=\"ls0_1\">8.263 </span>(421.242) (31.587) 28.516 1.187 14.091 (13) 603.364<span class=\"_ _33\"> </span><div class=\"c_1 w1af h15 gs60d\"><div class=\"t_1 m0_1 x16 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Flujos de efe<span class=\"_ _1\"></span>ctivo </div></div><div class=\"c_1 w1b1 h15 gs60e\"><div class=\"t_1 m0_1 x65 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones de de<span class=\"_ _1\"></span>uda sin <span class=\"_ _1\"></span>impacto en <span class=\"_ _1\"></span>EFE </div></div><div class=\"c_1 w40 hea gs60f\"><div class=\"t_1 m0_1 x12 he8 yaa3 ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">202<span class=\"ls0_1\">3 </span></div></div><div class=\"c_1 w5e hea gs610\"><div class=\"t_1 m0_1 x10 he9 y10d ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo </div><div class=\"t_1 m0_1 x11 he9 y74b ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1/1/2023 </div></div><div class=\"c_1 wdd hea gs611\"><div class=\"t_1 m0_1 x11 he9 yaa4 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Emisiones <span class=\"_ _1\"></span>y </div><div class=\"t_1 m0_1 x44 he9 y10d ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">disposicione<span class=\"_ _1\"></span>s </div><div class=\"t_1 m0_1 x29 he9 y74b ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(Netas de </div><div class=\"t_1 m0_1 x8c he9 yb1 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">gastos) </div></div><div class=\"c_1 w1a8 hea gs612\"><div class=\"t_1 m0_1 x12 he9 yaa5 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Reembolsos<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x87 he9 yaa3 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">/ Cuotas </div><div class=\"t_1 m0_1 x87 he9 yaa6 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">pagadas </div></div><div class=\"c_1 w1a9 hea gs613\"><div class=\"t_1 m0_1 x5a he9 y10d ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pago de </div><div class=\"t_1 m0_1 x12 he9 y74b ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses </div></div><div class=\"c_1 w1b3 hea gs614\"><div class=\"t_1 m0_1 x12 he9 yaa5 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo </div><div class=\"t_1 m0_1 x8c he9 yaa3 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de </div><div class=\"t_1 m0_1 x12 he9 yaa6 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">intereses </div></div><div class=\"c_1 w67 hea gs615\"><div class=\"t_1 m0_1 x11 he9 yaa5 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Devengo de </div><div class=\"t_1 m0_1 x54 he9 yaa3 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">costes de </div><div class=\"t_1 m0_1 x12 he9 yaa6 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">estructura<span class=\"_ _1\"></span>ci\u00f3n </div></div><div class=\"c_1 w1b4 hea gs616\"><div class=\"t_1 m0_1 x11 he9 yaa4 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones </div><div class=\"t_1 m0_1 x44 he9 y10d ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">por derecho<span class=\"_ _1\"></span>s </div><div class=\"t_1 m0_1 x5a he9 y74b ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">de uso sobre<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x4 he9 yb1 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">activos </div></div><div class=\"c_1 w1a4 hea gs617\"><div class=\"t_1 m0_1 x12 he9 yaa5 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Actualizaci\u00f3n<span class=\"_ _e\"></span> </div><div class=\"t_1 m0_1 x5a he9 yaa3 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">financiera y </div><div class=\"t_1 m0_1 x2a he9 yaa6 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">otros </div></div><div class=\"c_1 w1b2 hea gs618\"><div class=\"t_1 m0_1 x4 he9 y10d ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Saldo </div><div class=\"t_1 m0_1 x44 he9 y74b ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2023<span class=\"_ _1\"></span> </div></div><div class=\"c_1 w40 ha6 gs619\"><div class=\"t_1 m0_1 x12 he9 y45 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio CELULO<span class=\"_ _1\"></span>SA - </div></div><div class=\"c_1 w40 h21 gs61a\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _1\"></span>s y bonos </div></div><div class=\"c_1 w5e h21 gs61b\"><div class=\"t_1 m0_1 x2e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">63.300 </div></div><div class=\"c_1 wdd h21 gs61c\"><div class=\"t_1 m0_1 x7f he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">66.400 </div></div><div class=\"c_1 w1a8 h21 gs61d\"><div class=\"t_1 m0_1 x2a he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(76.300) </div></div><div class=\"c_1 w1a9 h21 gs61e\"><div class=\"t_1 m0_1 x96 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b3 h21 gs61f\"><div class=\"t_1 m0_1 x19 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h21 gs620\"><div class=\"t_1 m0_1 xd9 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b4 h21 gs621\"><div class=\"t_1 m0_1 x30 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a4 h21 gs622\"><div class=\"t_1 m0_1 x21 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(353) </div></div><div class=\"c_1 w1b2 h21 gs623\"><div class=\"t_1 m0_1 x1e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">53.047 </div></div><div class=\"c_1 w40 h21 gs624\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios </div></div><div class=\"c_1 w5e h21 gs625\"><div class=\"t_1 m0_1 x2e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">94.461 </div></div><div class=\"c_1 wdd h21 gs626\"><div class=\"t_1 m0_1 x1e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">272.339 </div></div><div class=\"c_1 w1a8 h21 gs627\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(7.500) </div></div><div class=\"c_1 w1a9 h21 gs628\"><div class=\"t_1 m0_1 x96 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b3 h21 gs629\"><div class=\"t_1 m0_1 x19 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h21 gs62a\"><div class=\"t_1 m0_1 x38 he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">298<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b4 h21 gs62b\"><div class=\"t_1 m0_1 x30 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a4 h21 gs62c\"><div class=\"t_1 m0_1 x2f he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b2 h21 gs62d\"><div class=\"t_1 m0_1 x2e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">359.598 </div></div><div class=\"c_1 w40 h21 gs62e\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Otros pasivo<span class=\"_ _1\"></span>s financie<span class=\"_ _1\"></span>ros </div></div><div class=\"c_1 w5e h21 gs62f\"><div class=\"t_1 m0_1 x2e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">49.973 </div></div><div class=\"c_1 wdd h21 gs630\"><div class=\"t_1 m0_1 x2d he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">858<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1a8 h21 gs631\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(7.905) </div></div><div class=\"c_1 w1a9 h21 gs632\"><div class=\"t_1 m0_1 x96 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b3 h21 gs633\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(71) </div></div><div class=\"c_1 w67 h21 gs634\"><div class=\"t_1 m0_1 xd9 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b4 h21 gs635\"><div class=\"t_1 m0_1 x30 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a4 h21 gs636\"><div class=\"t_1 m0_1 x38 he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">31<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b2 h21 gs637\"><div class=\"t_1 m0_1 x1e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">42.886 </div></div><div class=\"c_1 w40 h21 gs638\"><div class=\"t_1 m0_1 xe he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros </div></div><div class=\"c_1 w5e h21 gs639\"><div class=\"t_1 m0_1 x1e he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.186 </div></div><div class=\"c_1 wdd h21 gs63a\"><div class=\"t_1 m0_1 x31 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h21 gs63b\"><div class=\"t_1 m0_1 x16 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a9 h21 gs63c\"><div class=\"t_1 m0_1 x11 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(15.171) </div></div><div class=\"c_1 w1b3 h21 gs63d\"><div class=\"t_1 m0_1 x29 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">16.289 </div></div><div class=\"c_1 w67 h21 gs63e\"><div class=\"t_1 m0_1 xd9 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b4 h21 gs63f\"><div class=\"t_1 m0_1 x30 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a4 h21 gs640\"><div class=\"t_1 m0_1 x2f he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b2 h21 gs641\"><div class=\"t_1 m0_1 x7f he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.304 </div></div><div class=\"c_1 w40 h21 gs642\"><div class=\"t_1 m0_1 xe he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre activ<span class=\"_ _1\"></span>os </div></div><div class=\"c_1 w5e h21 gs643\"><div class=\"t_1 m0_1 x2e he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">37.603 </div></div><div class=\"c_1 wdd h21 gs644\"><div class=\"t_1 m0_1 x31 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h21 gs645\"><div class=\"t_1 m0_1 xe he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(5.953) </div></div><div class=\"c_1 w1b3 h21 gs646\"><div class=\"t_1 m0_1 x4 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.274 </div></div><div class=\"c_1 w67 h21 gs647\"><div class=\"t_1 m0_1 xd9 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b4 h21 gs648\"><div class=\"t_1 m0_1 x65 he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">8.079 </div></div><div class=\"c_1 w1b2 h21 gs649\"><div class=\"t_1 m0_1 x1e he9 y73 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">42.003 </div></div><div class=\"c_1 w5e hed gs64a\"><div class=\"t_1 m0_1 x4 he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">246.522 </div></div><div class=\"c_1 wdd hed gs64b\"><div class=\"t_1 m0_1 x1e he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">339.597 </div></div><div class=\"c_1 w1a8 hed gs64c\"><div class=\"t_1 m0_1 x4 he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(97.658) </div></div><div class=\"c_1 w1a9 hed gs64d\"><div class=\"t_1 m0_1 x11 he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(15.171) </div></div><div class=\"c_1 w1b3 hed gs64e\"><div class=\"t_1 m0_1 x29 he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">18.492 </div></div><div class=\"c_1 w67 hed gs64f\"><div class=\"t_1 m0_1 x38 he8 y35 ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">298<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b4 hed gs650\"><div class=\"t_1 m0_1 x65 he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">8.079 </div></div><div class=\"c_1 w1a4 hed gs651\"><div class=\"t_1 m0_1 x21 he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(322) </div></div><div class=\"c_1 w1b2 hed gs652\"><div class=\"t_1 m0_1 x2e he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">499.837 </div></div><div class=\"c_1 w40 h32 gs653\"><div class=\"t_1 m0_1 xe he9 y114 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados </div><div class=\"t_1 m0_1 x12 he9 y60 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n </div></div><div class=\"c_1 w5e h32 gs654\"><div class=\"t_1 m0_1 x38 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wdd h32 gs655\"><div class=\"t_1 m0_1 x31 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h32 gs656\"><div class=\"t_1 m0_1 x16 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a9 h32 gs657\"><div class=\"t_1 m0_1 x2a he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.299 </div></div><div class=\"c_1 w1b3 h32 gs658\"><div class=\"t_1 m0_1 x19 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h32 gs659\"><div class=\"t_1 m0_1 xd9 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b4 h32 gs65a\"><div class=\"t_1 m0_1 x30 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a4 h32 gs65b\"><div class=\"t_1 m0_1 xda he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(5.334) </div></div><div class=\"c_1 w1b2 h32 gs65c\"><div class=\"t_1 m0_1 x1e he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(4.035) </div></div><div class=\"c_1 w5e h15 gs65d\"><div class=\"t_1 m0_1 x4 he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">246.522 </div></div><div class=\"c_1 wdd h15 gs65e\"><div class=\"t_1 m0_1 x1e he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">339.597 </div></div><div class=\"c_1 w1a8 h15 gs65f\"><div class=\"t_1 m0_1 x4 he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(97.658) </div></div><div class=\"c_1 w1a9 h15 gs660\"><div class=\"t_1 m0_1 x11 he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(13.872) </div></div><div class=\"c_1 w1b3 h15 gs661\"><div class=\"t_1 m0_1 x29 he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">18.492 </div></div><div class=\"c_1 w67 h15 gs662\"><div class=\"t_1 m0_1 x38 he8 y35 ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">298<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b4 h15 gs663\"><div class=\"t_1 m0_1 x65 he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">8.079 </div></div><div class=\"c_1 w1a4 h15 gs664\"><div class=\"t_1 m0_1 xda he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(5.656) </div></div><div class=\"c_1 w1b2 h15 gs665\"><div class=\"t_1 m0_1 x2e he8 y35 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">495.802 </div></div><div class=\"c_1 w40 h15 gs666\"><div class=\"t_1 m0_1 x12 he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deuda financie<span class=\"_ _1\"></span>ra Nego<span class=\"_ _1\"></span>cio RENOVA<span class=\"_ _1\"></span>BLES - </div></div><div class=\"c_1 w40 h35 gs667\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Obligacione<span class=\"_ _1\"></span>s y bonos </div></div><div class=\"c_1 w5e h35 gs668\"><div class=\"t_1 m0_1 x2e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">78.436 </div></div><div class=\"c_1 wdd h35 gs669\"><div class=\"t_1 m0_1 x31 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h35 gs66a\"><div class=\"t_1 m0_1 x16 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a9 h35 gs66b\"><div class=\"t_1 m0_1 x96 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b3 h35 gs66c\"><div class=\"t_1 m0_1 x19 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h35 gs66d\"><div class=\"t_1 m0_1 x38 he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">261<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b4 h35 gs66e\"><div class=\"t_1 m0_1 x30 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a4 h35 gs66f\"><div class=\"t_1 m0_1 x2f he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b2 h35 gs670\"><div class=\"t_1 m0_1 x1e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">78.697 </div></div><div class=\"c_1 w40 h15 gs671\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos ban<span class=\"_ _1\"></span>carios </div></div><div class=\"c_1 w5e h15 gs672\"><div class=\"t_1 m0_1 x2e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">70.520 </div></div><div class=\"c_1 wdd h15 gs673\"><div class=\"t_1 m0_1 x31 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h15 gs674\"><div class=\"t_1 m0_1 x2a he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(27.067) </div></div><div class=\"c_1 w1a9 h15 gs675\"><div class=\"t_1 m0_1 x96 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b3 h15 gs676\"><div class=\"t_1 m0_1 x19 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h15 gs677\"><div class=\"t_1 m0_1 x38 he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">318<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b4 h15 gs678\"><div class=\"t_1 m0_1 x30 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a4 h15 gs679\"><div class=\"t_1 m0_1 x2f he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b2 h15 gs67a\"><div class=\"t_1 m0_1 x1e he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">43.771 </div></div><div class=\"c_1 w40 h15 gs67b\"><div class=\"t_1 m0_1 xe he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Deudas por i<span class=\"_ _1\"></span>ntereses, cu<span class=\"_ _1\"></span>p\u00f3n y otros </div></div><div class=\"c_1 w5e h15 gs67c\"><div class=\"t_1 m0_1 x13 he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">23<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdd h15 gs67d\"><div class=\"t_1 m0_1 x31 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h15 gs67e\"><div class=\"t_1 m0_1 x16 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a9 h15 gs67f\"><div class=\"t_1 m0_1 x54 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(9.742) </div></div><div class=\"c_1 w1b3 h15 gs680\"><div class=\"t_1 m0_1 x4 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">9.767 </div></div><div class=\"c_1 w67 h15 gs681\"><div class=\"t_1 m0_1 xd9 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b4 h15 gs682\"><div class=\"t_1 m0_1 x30 he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a4 h15 gs683\"><div class=\"t_1 m0_1 x2f he9 y5e ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b2 h15 gs684\"><div class=\"t_1 m0_1 x2d he9 y5e ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">48<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w40 h15 gs685\"><div class=\"t_1 m0_1 xe he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por <span class=\"_ _1\"></span>derecho de u<span class=\"_ _1\"></span>so sobre acti<span class=\"_ _1\"></span>vos </div></div><div class=\"c_1 w5e h15 gs686\"><div class=\"t_1 m0_1 x1e he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">1.697 </div></div><div class=\"c_1 wdd h15 gs687\"><div class=\"t_1 m0_1 x31 he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h15 gs688\"><div class=\"t_1 m0_1 xe he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(1.429) </div></div><div class=\"c_1 w1b3 h15 gs689\"><div class=\"t_1 m0_1 x15 he9 y35 ff4 fsb fc0_1 sc0_1 ls3a ws0_1\">90<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w67 h15 gs68a\"><div class=\"t_1 m0_1 xd9 he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b4 h15 gs68b\"><div class=\"t_1 m0_1 x65 he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.474 </div></div><div class=\"c_1 w1a4 h15 gs68c\"><div class=\"t_1 m0_1 x2f he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b2 h15 gs68d\"><div class=\"t_1 m0_1 x7f he9 y35 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.832 </div></div><div class=\"c_1 w5e h35 gs68e\"><div class=\"t_1 m0_1 x4 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">150.676 </div></div><div class=\"c_1 wdd h35 gs68f\"><div class=\"t_1 m0_1 x31 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h35 gs690\"><div class=\"t_1 m0_1 x4 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(28.496) </div></div><div class=\"c_1 w1a9 h35 gs691\"><div class=\"t_1 m0_1 x54 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(9.742) </div></div><div class=\"c_1 w1b3 h35 gs692\"><div class=\"t_1 m0_1 x4 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">9.857 </div></div><div class=\"c_1 w67 h35 gs693\"><div class=\"t_1 m0_1 x38 he8 y5e ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">579<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b4 h35 gs694\"><div class=\"t_1 m0_1 x65 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.474 </div></div><div class=\"c_1 w1a4 h35 gs695\"><div class=\"t_1 m0_1 x2f he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b2 h35 gs696\"><div class=\"t_1 m0_1 x2e he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">125.348 </div></div><div class=\"c_1 w40 h31 gs697\"><div class=\"t_1 m0_1 xe he9 yab6 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">Instrumentos fi<span class=\"_ _1\"></span>nancieros de<span class=\"_ _1\"></span>rivados </div><div class=\"t_1 m0_1 x12 he9 y60 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">asociados a l<span class=\"_ _1\"></span>a financiaci<span class=\"_ _1\"></span>\u00f3n </div></div><div class=\"c_1 w5e h31 gs698\"><div class=\"t_1 m0_1 x1e he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">5.910 </div></div><div class=\"c_1 wdd h31 gs699\"><div class=\"t_1 m0_1 x31 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h31 gs69a\"><div class=\"t_1 m0_1 x16 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a9 h31 gs69b\"><div class=\"t_1 m0_1 x2a he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.867 </div></div><div class=\"c_1 w1b3 h31 gs69c\"><div class=\"t_1 m0_1 x19 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h31 gs69d\"><div class=\"t_1 m0_1 xd9 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1b4 h31 gs69e\"><div class=\"t_1 m0_1 x30 he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a4 h31 gs69f\"><div class=\"t_1 m0_1 xda he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(5.748) </div></div><div class=\"c_1 w1b2 h31 gs6a0\"><div class=\"t_1 m0_1 x7f he9 y9d0 ff4 fsb fc0_1 sc0_1 ls0_1 ws0_1\">3.029 </div></div><div class=\"c_1 w5e h35 gs6a1\"><div class=\"t_1 m0_1 x4 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">156.586 </div></div><div class=\"c_1 wdd h35 gs6a2\"><div class=\"t_1 m0_1 x31 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1a8 h35 gs6a3\"><div class=\"t_1 m0_1 x4 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(28.496) </div></div><div class=\"c_1 w1a9 h35 gs6a4\"><div class=\"t_1 m0_1 x54 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(6.875) </div></div><div class=\"c_1 w1b3 h35 gs6a5\"><div class=\"t_1 m0_1 x4 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">9.857 </div></div><div class=\"c_1 w67 h35 gs6a6\"><div class=\"t_1 m0_1 x38 he8 y5e ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">579<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b4 h35 gs6a7\"><div class=\"t_1 m0_1 x65 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">2.474 </div></div><div class=\"c_1 w1a4 h35 gs6a8\"><div class=\"t_1 m0_1 xda he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(5.748) </div></div><div class=\"c_1 w1b2 h35 gs6a9\"><div class=\"t_1 m0_1 x2e he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">128.377 </div></div><div class=\"c_1 w5e h15 gs6aa\"><div class=\"t_1 m0_1 x4 he8 y58 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">403.108 </div></div><div class=\"c_1 wdd h15 gs6ab\"><div class=\"t_1 m0_1 x1e he8 y58 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">339.597 </div></div><div class=\"c_1 w1a8 h15 gs6ac\"><div class=\"t_1 m0_1 x54 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(126.154) </div></div><div class=\"c_1 w1a9 h15 gs6ad\"><div class=\"t_1 m0_1 x11 he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(20.747) </div></div><div class=\"c_1 w1b3 h15 gs6ae\"><div class=\"t_1 m0_1 x29 he8 y58 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">28.349 </div></div><div class=\"c_1 w67 h15 gs6af\"><div class=\"t_1 m0_1 x38 he8 y58 ff3 fsb fc0_1 sc0_1 ls3a ws0_1\">877<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b4 h15 gs6b0\"><div class=\"t_1 m0_1 x7f he8 y58 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">10.553 </div></div><div class=\"c_1 w1a4 h15 gs6b1\"><div class=\"t_1 m0_1 x2e he8 y5e ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">(11.404) </div></div><div class=\"c_1 w1b2 h15 gs6b2\"><div class=\"t_1 m0_1 x2e he8 y58 ff3 fsb fc0_1 sc0_1 ls0_1 ws0_1\">624.179<span class=\"_ _33\"> </span> </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "<div class=\"c_1 w2_1 h3b gs5e3\"><div class=\"t_1 m0_1 x3f h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x3f h8 y1d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 xb h41 y92d ff3 fs3 fc2 sc0_1 lsb ws0_1\">29.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Otros activos y pasivos corrientes y no corrientes </span></span></div><div class=\"t_1 m0_1 x1f h8 yaba ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _1\"></span>detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>este ep\u00edgrafe <span class=\"_ _1\"></span>del Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _e\"></span>Consolidad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _e\"></span>de 202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023 </div><div class=\"t_1 m0_1 x1f h8 yabb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">es el siguiente: </div></div><div class=\"c_1 w1ac h53 gs5e4\"><div class=\"t_1 m0_1 x38 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> </div></div><div class=\"c_1 w1ac h53 gs5e5\"><div class=\"t_1 m0_1 x38 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">31/12/202<span class=\"ls0_1\">3 </span></div></div><div class=\"c_1 w5d h53 gs5e6\"><div class=\"t_1 m0_1 x12 h1f yc1 ff6 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff4\"> </span></div></div><div class=\"c_1 w7a h53 gs5e7\"><div class=\"t_1 m0_1 x32 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo </div></div><div class=\"c_1 w1ae h53 gs5e8\"><div class=\"t_1 m0_1 x32 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo </div></div><div class=\"c_1 w11f h53 gs5e9\"><div class=\"t_1 m0_1 x32 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Corto Plazo </div></div><div class=\"c_1 w170 h53 gs5ea\"><div class=\"t_1 m0_1 x32 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Largo Plazo </div></div><div class=\"c_1 w5d h60 gs5eb\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Activos- </div></div><div class=\"c_1 w5d h26 gs5ec\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vajdm semiperiodo 2023-<span class=\"ls9\">2025 </span>(Nota 24) </div></div><div class=\"c_1 w7a h26 gs5ed\"><div class=\"t_1 m0_1 x49 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1ae h26 gs5ee\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">22.837<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w11f h26 gs5ef\"><div class=\"t_1 m0_1 x49 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w170 h26 gs5f0\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">27.129 </div></div><div class=\"c_1 w5d h60 gs5f1\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></div><div class=\"c_1 w7a h60 gs5f2\"><div class=\"t_1 m0_1 x3e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.086 </div></div><div class=\"c_1 w1ae h60 gs5f3\"><div class=\"t_1 m0_1 x18 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w7a h60 gs5f4\"><div class=\"t_1 m0_1 x3e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">3.068<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1ae h60 gs5f5\"><div class=\"t_1 m0_1 x65 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">22.837<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w11f h60 gs5f6\"><div class=\"t_1 m0_1 x49 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w170 h60 gs5f7\"><div class=\"t_1 m0_1 x65 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">27.129<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w5d h26 gs5f8\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos- </div></div><div class=\"c_1 w5d h60 gs5f9\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vajdm semiperiodos anteriores (Nota 24) </div></div><div class=\"c_1 w7a h60 gs5fa\"><div class=\"t_1 m0_1 x3e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.166 </div></div><div class=\"c_1 w1ae h60 gs5fb\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">87.448 </div></div><div class=\"c_1 w11f h60 gs5fc\"><div class=\"t_1 m0_1 x3e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">7.402 </div></div><div class=\"c_1 w170 h60 gs5fd\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">95.757 </div></div><div class=\"c_1 w5d h60 gs5fe\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Periodificaciones y otros </div></div><div class=\"c_1 w7a h60 gs5ff\"><div class=\"t_1 m0_1 x49 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1ae h60 gs600\"><div class=\"t_1 m0_1 x2f h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">971<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w11f h60 gs601\"><div class=\"t_1 m0_1 x49 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w170 h60 gs602\"><div class=\"t_1 m0_1 x2f h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">970<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w5d h26 gs603\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Contraprestaci\u00f3n contingente (Notas 4 y 6) </div></div><div class=\"c_1 w7a h26 gs604\"><div class=\"t_1 m0_1 x49 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1ae h26 gs605\"><div class=\"t_1 m0_1 x17 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.642 </div></div><div class=\"c_1 w11f h26 gs606\"><div class=\"t_1 m0_1 x49 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w170 h26 gs607\"><div class=\"t_1 m0_1 x18 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w7a h60 gs608\"><div class=\"t_1 m0_1 x3e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">8.166<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1ae h60 gs609\"><div class=\"t_1 m0_1 x65 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">92.061<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w11f h60 gs60a\"><div class=\"t_1 m0_1 x3e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.402<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w170 h60 gs60b\"><div class=\"t_1 m0_1 x65 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">96.727<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs5e3\"><div class=\"t_1 m0_1 x3f h8 yabf ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 yac0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">L<span class=\"ff6\">a <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>\u201cValor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desv<span class=\"_ _6\"></span>iaciones<span class=\"_ _6\"></span></span> <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>recio d<span class=\"_ _6\"></span>el mercado<span class=\"_ _6\"></span><span class=\"ff6\">\u201d</span>, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>adelante <span class=\"_ _6\"></span>Vaj<span class=\"_ _6\"></span>dm, <span class=\"_ _6\"></span>incluye <span class=\"_ _15\"></span>los s<span class=\"_ _6\"></span>aldos </div><div class=\"t_1 m0_1 x1f h8 y595 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ante <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Comisi\u00f3n <span class=\"_ _10\"></span>Nacion<span class=\"_ _6\"></span>al <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>Mercados <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>Competencia <span class=\"_ _10\"></span>(<span class=\"ls26\">CN<span class=\"_ _6\"></span><span class=\"ls3b\">MC</span></span>) <span class=\"_ _15\"></span>derivad<span class=\"ls1d\">os<span class=\"_ _6\"></span></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>a<span class=\"_ _6\"></span>plicaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Real<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 yac1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Decreto <span class=\"_ _1\"></span>413/2014, de <span class=\"_ _e\"></span>6 de <span class=\"_ _e\"></span>jun<span class=\"_ _6\"></span>io, por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se regula <span class=\"_ _e\"></span>la actividad de <span class=\"_ _e\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>en<span class=\"_ _6\"></span>erg\u00eda el\u00e9ctrica <span class=\"_ _e\"></span>a partir </div><div class=\"t_1 m0_1 x1f h8 yac2 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _1e\"> </span>fuentes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>energ\u00eda <span class=\"_ _1e\"> </span>renovab<span class=\"_ _6\"></span>les, <span class=\"_ _1e\"> </span>cogeneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>y <span class=\"_ _17\"> </span>residuos, <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>lo <span class=\"_ _17\"> </span>relativo <span class=\"_ _1e\"> </span>al <span class=\"_ _17\"> </span>\u201cValor <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>ajuste <span class=\"_ _17\"> </span>por </div><div class=\"t_1 m0_1 x1f h8 yac3 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">desviaciones\u201d<span class=\"_ _6\"></span><span class=\"ff4\"> (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.15, 9 y Anexo III)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> </span></div><div class=\"t_1 m0_1 x71 h8 yac4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _10\"></span>4 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ju<span class=\"_ _6\"></span>nio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>publicado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/526/2024, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mayo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _10\"></span>la </div><div class=\"t_1 m0_1 x71 h8 yac5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actualizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w2_1 h3b gs6b4\"><div class=\"t_1 m0_1 x71 h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda <span class=\"_ _11\"></span>el\u00e9ctrica <span class=\"_ _11\"></span>cuyos <span class=\"_ _11\"> </span>costes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _11\"></span>dependan <span class=\"_ _11\"> </span>esencialmente <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>precio <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>combustible.<span class=\"_ _15\"></span> <span class=\"_ _11\"> </span>Es<span class=\"_ _6\"></span>ta </div><div class=\"t_1 m0_1 x71 h8 y1d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Orden, <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>otros, <span class=\"_ _6\"></span>excluye <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>grupos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a.1, b<span class=\"_ _6\"></span>.6 y <span class=\"_ _6\"></span>b.8, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>encuadran <span class=\"_ _6\"></span>las </div><div class=\"t_1 m0_1 x71 h8 y1d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">plantas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>biomas<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo, <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>licaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desviaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el </div><div class=\"t_1 m0_1 x71 h8 y338 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">precio de mercado (Vajdm), regulado en el art\u00edculo 22 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el RD 413/2014, a partir del <span class=\"_ _1\"></span>1 de enero <span class=\"_ _1\"></span>de 2024, por<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x71 h8 y339 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">lo que no s<span class=\"_ _6\"></span>e generar\u00e1n a futuro nuevo<span class=\"_ _6\"></span>s saldos en con<span class=\"_ _6\"></span>cepto de Vajdm (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.1<span class=\"_ _6\"></span>5, 9 y<span class=\"_ _6\"></span> Anexo III).  </div><div class=\"t_1 m0_1 x71 h8 y5fd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por su parte, los sald<span class=\"_ _6\"></span>os por este concepto recogidos en el E<span class=\"_ _6\"></span>stado de Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera al 31 de diciembre </div><div class=\"t_1 m0_1 x71 h8 y5fe ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"> </span>se <span class=\"_ _11\"></span>imputar\u00e1n <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>resultados<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>la <span class=\"_ _0\"></span>vid<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>regulatoria <span class=\"_ _11\"> </span>restante <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>instalaciones <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>lo </div><div class=\"t_1 m0_1 x71 h8 y5ff ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">generaron, <span class=\"_ _11\"> </span>o <span class=\"_ _12\"> </span>bien, <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>cobrar\u00e1n <span class=\"_ _12\"> </span>si <span class=\"_ _11\"> </span>dichos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>Vajdm <span class=\"_ _12\"> </span>se <span class=\"_ _11\"> </span>generaron <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>\u00faltimo <span class=\"_ _12\"> </span>semiperiod<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>regulatorio, <span class=\"_ _12\"> </span>de </div><div class=\"t_1 m0_1 x71 h8 y878 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">acuerdo con el siguient<span class=\"_ _6\"></span>e detalle:<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w1b5 ha6 gs6b5\"><div class=\"t_1 m0_1 x86 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></div><div class=\"c_1 w52 ha6 gs6b6\"><div class=\"t_1 m0_1 x12 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></div><div class=\"c_1 w13a h90 gs6b7\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">4 </span></div></div><div class=\"c_1 wdf h90 gs6b8\"><div class=\"t_1 m0_1 x2a h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 w52 h90 gs6b9\"><div class=\"t_1 m0_1 x2a h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">5 </span></div></div><div class=\"c_1 w1b7 h90 gs6ba\"><div class=\"t_1 m0_1 x5a h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">6 </span></div></div><div class=\"c_1 w196 h90 gs6bb\"><div class=\"t_1 m0_1 x32 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">7 </span></div></div><div class=\"c_1 w1b8 h90 gs6bc\"><div class=\"t_1 m0_1 x11 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">8 </span></div></div><div class=\"c_1 w1b9 h90 gs6bd\"><div class=\"t_1 m0_1 x11 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">202<span class=\"ls0_1\">9 </span></div></div><div class=\"c_1 w1ba h90 gs6be\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></div><div class=\"c_1 w161 h90 gs6bf\"><div class=\"t_1 m0_1 x44 h1f y517 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total Largo </div><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo </div></div><div class=\"c_1 w13a ha6 gs6c0\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldos Acreedores- </div></div><div class=\"c_1 w13a ha6 gs6c1\"><div class=\"t_1 m0_1 x12 h1f y581 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">      <span class=\"ls0_1\">Negocio CELULOSA - </span></div></div><div class=\"c_1 wdf ha6 gs6c2\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">30.176 </div></div><div class=\"c_1 w52 ha6 gs6c3\"><div class=\"t_1 m0_1 x7f h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.226 </div></div><div class=\"c_1 w1b7 ha6 gs6c4\"><div class=\"t_1 m0_1 x11 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.372 </div></div><div class=\"c_1 w196 ha6 gs6c5\"><div class=\"t_1 m0_1 x54 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.557 </div></div><div class=\"c_1 w1b8 ha6 gs6c6\"><div class=\"t_1 m0_1 x87 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.746 </div></div><div class=\"c_1 w1b9 ha6 gs6c7\"><div class=\"t_1 m0_1 x87 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.950 </div></div><div class=\"c_1 w1ba ha6 gs6c8\"><div class=\"t_1 m0_1 x2a h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">17.325 </div></div><div class=\"c_1 w161 ha6 gs6c9\"><div class=\"t_1 m0_1 xda h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">27.950 </div></div><div class=\"c_1 w13a ha6 gs6ca\"><div class=\"t_1 m0_1 x12 h1f y581 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">      <span class=\"ls0_1\">Negocio RENOVABLES - </span></div></div><div class=\"c_1 wdf ha6 gs6cb\"><div class=\"t_1 m0_1 x1e h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">65.438 </div></div><div class=\"c_1 w52 ha6 gs6cc\"><div class=\"t_1 m0_1 x7f h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.940 </div></div><div class=\"c_1 w1b7 ha6 gs6cd\"><div class=\"t_1 m0_1 x11 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.581 </div></div><div class=\"c_1 w196 ha6 gs6ce\"><div class=\"t_1 m0_1 x54 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.019 </div></div><div class=\"c_1 w1b8 ha6 gs6cf\"><div class=\"t_1 m0_1 x87 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.286 </div></div><div class=\"c_1 w1b9 ha6 gs6d0\"><div class=\"t_1 m0_1 x87 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.164 </div></div><div class=\"c_1 w1ba ha6 gs6d1\"><div class=\"t_1 m0_1 x2a h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">39.448 </div></div><div class=\"c_1 w161 ha6 gs6d2\"><div class=\"t_1 m0_1 xda h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">59.498 </div></div><div class=\"c_1 wdf ha6 gs6d3\"><div class=\"t_1 m0_1 x1e h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">95.614<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w52 ha6 gs6d4\"><div class=\"t_1 m0_1 x7f h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">8.166<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b7 ha6 gs6d5\"><div class=\"t_1 m0_1 x11 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.953<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 ha6 gs6d6\"><div class=\"t_1 m0_1 x54 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">8.576<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b8 ha6 gs6d7\"><div class=\"t_1 m0_1 x87 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.032<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b9 ha6 gs6d8\"><div class=\"t_1 m0_1 x87 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.114<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1ba ha6 gs6d9\"><div class=\"t_1 m0_1 x2a h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">56.773<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w161 ha6 gs6da\"><div class=\"t_1 m0_1 xda h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">87.448<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w13a ha6 gs6db\"><div class=\"t_1 m0_1 x12 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Posici\u00f3n neta </div></div><div class=\"c_1 wdf ha6 gs6dc\"><div class=\"t_1 m0_1 x1e h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">95.614<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w52 ha6 gs6dd\"><div class=\"t_1 m0_1 x7f h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">8.166<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b7 ha6 gs6de\"><div class=\"t_1 m0_1 x11 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.953<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 ha6 gs6df\"><div class=\"t_1 m0_1 x54 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">8.576<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b8 ha6 gs6e0\"><div class=\"t_1 m0_1 x87 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.032<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b9 ha6 gs6e1\"><div class=\"t_1 m0_1 x87 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.114<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1ba ha6 gs6e2\"><div class=\"t_1 m0_1 x2a h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">56.773<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w161 ha6 gs6e3\"><div class=\"t_1 m0_1 xda h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">87.448<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wf ha6 gs6e4\"><div class=\"t_1 m0_1 x86 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento en el a\u00f1o </div></div><div class=\"c_1 wdd ha6 gs6e5\"><div class=\"t_1 m0_1 x12 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Corto plazo </div></div><div class=\"c_1 w134 h86 gs6e6\"><div class=\"t_1 m0_1 x12 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w18 h86 gs6e7\"><div class=\"t_1 m0_1 x2a h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 wdd h86 gs6e8\"><div class=\"t_1 m0_1 x2a h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1be h86 gs6e9\"><div class=\"t_1 m0_1 x44 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2025<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 h86 gs6ea\"><div class=\"t_1 m0_1 x32 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2026<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b9 h86 gs6eb\"><div class=\"t_1 m0_1 x11 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2027<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b9 h86 gs6ec\"><div class=\"t_1 m0_1 x11 h1f y59a ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2028<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15d h86 gs6ed\"><div class=\"t_1 m0_1 x5a h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Siguientes </div></div><div class=\"c_1 w72 h86 gs6ee\"><div class=\"t_1 m0_1 x44 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total Largo </div><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Plazo </div></div><div class=\"c_1 w134 hb1 gs6ef\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldos Acreedores- </div></div><div class=\"c_1 w134 ha6 gs6f0\"><div class=\"t_1 m0_1 x12 h1f y6e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">      <span class=\"ls0_1\">Negocio CELULOSA - </span></div></div><div class=\"c_1 w18 ha6 gs6f1\"><div class=\"t_1 m0_1 x1e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">32.391 </div></div><div class=\"c_1 wdd ha6 gs6f2\"><div class=\"t_1 m0_1 x7f h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.073 </div></div><div class=\"c_1 w1be ha6 gs6f3\"><div class=\"t_1 m0_1 x12 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.226 </div></div><div class=\"c_1 w196 ha6 gs6f4\"><div class=\"t_1 m0_1 x54 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.391 </div></div><div class=\"c_1 w1b9 ha6 gs6f5\"><div class=\"t_1 m0_1 x87 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.568 </div></div><div class=\"c_1 w1b9 ha6 gs6f6\"><div class=\"t_1 m0_1 x87 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.758 </div></div><div class=\"c_1 w15d ha6 gs6f7\"><div class=\"t_1 m0_1 x5 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">20.375 </div></div><div class=\"c_1 w72 ha6 gs6f8\"><div class=\"t_1 m0_1 x1e h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">30.318 </div></div><div class=\"c_1 w134 ha6 gs6f9\"><div class=\"t_1 m0_1 x12 h1f y6e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">      <span class=\"ls0_1\">Negocio RENOVABLES - </span></div></div><div class=\"c_1 w18 ha6 gs6fa\"><div class=\"t_1 m0_1 x1e h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">70.551 </div></div><div class=\"c_1 wdd ha6 gs6fb\"><div class=\"t_1 m0_1 x7f h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.329 </div></div><div class=\"c_1 w1be ha6 gs6fc\"><div class=\"t_1 m0_1 x12 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.723 </div></div><div class=\"c_1 w196 ha6 gs6fd\"><div class=\"t_1 m0_1 x54 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.590 </div></div><div class=\"c_1 w1b9 ha6 gs6fe\"><div class=\"t_1 m0_1 x87 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.004 </div></div><div class=\"c_1 w1b9 ha6 gs6ff\"><div class=\"t_1 m0_1 x87 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.284 </div></div><div class=\"c_1 w15d ha6 gs700\"><div class=\"t_1 m0_1 x5 h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">43.621 </div></div><div class=\"c_1 w72 ha6 gs701\"><div class=\"t_1 m0_1 x1e h1f y6e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">65.222 </div></div><div class=\"c_1 w18 ha6 gs702\"><div class=\"t_1 m0_1 x2a h54 y6e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">102.942<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdd ha6 gs703\"><div class=\"t_1 m0_1 x7f h54 y6e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.402<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1be ha6 gs704\"><div class=\"t_1 m0_1 x12 h54 y6e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.949<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 ha6 gs705\"><div class=\"t_1 m0_1 x54 h54 y6e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.981<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b9 ha6 gs706\"><div class=\"t_1 m0_1 x87 h54 y6e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">8.572<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b9 ha6 gs707\"><div class=\"t_1 m0_1 x87 h54 y6e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.042<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15d ha6 gs708\"><div class=\"t_1 m0_1 x5 h54 y6e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">63.996<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w72 ha6 gs709\"><div class=\"t_1 m0_1 x1e h54 y6e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">95.540<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w134 ha6 gs70a\"><div class=\"t_1 m0_1 x12 h1f y581 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Posici\u00f3n neta </div></div><div class=\"c_1 w18 ha6 gs70b\"><div class=\"t_1 m0_1 x2a h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">102.942<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wdd ha6 gs70c\"><div class=\"t_1 m0_1 x7f h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.402<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1be ha6 gs70d\"><div class=\"t_1 m0_1 x12 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.949<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w196 ha6 gs70e\"><div class=\"t_1 m0_1 x54 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.981<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b9 ha6 gs70f\"><div class=\"t_1 m0_1 x87 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">8.572<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1b9 ha6 gs710\"><div class=\"t_1 m0_1 x87 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.042<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15d ha6 gs711\"><div class=\"t_1 m0_1 x5 h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">63.996<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w72 ha6 gs712\"><div class=\"t_1 m0_1 x1e h54 y581 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">95.540<span class=\"ls0_1\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-18": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Otros activos y pasivos corrientes y no corrientes </span></span>El <span class=\"_ _1\"></span>detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>este ep\u00edgrafe <span class=\"_ _1\"></span>del Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _e\"></span>Consolidad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _e\"></span>de 202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023 es el siguiente: 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/202<span class=\"ls0_1\">3 </span>Miles \u20ac<span class=\"ff4\"> </span>Corto Plazo Largo Plazo Corto Plazo Largo Plazo Activos- Vajdm semiperiodo 2023-<span class=\"ls9\">2025 </span>(Nota 24) - 22.837<span class=\"ls0_1\"> </span>- 27.129 Otros 3.086 - 3.068<span class=\"ls0_1\"> </span>22.837<span class=\"ls0_1\"> </span>- 27.129<span class=\"ls0_1\"> </span>Pasivos- Vajdm semiperiodos anteriores (Nota 24) 8.166 87.448 7.402 95.757 Periodificaciones y otros - 971<span class=\"ls0_1\"> </span>- 970<span class=\"ls0_1\"> </span>Contraprestaci\u00f3n contingente (Notas 4 y 6) - 3.642 - - 8.166<span class=\"ls0_1\"> </span>92.061<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>96.727<span class=\"ls0_1\"> </span>L<span class=\"ff6\">a <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>\u201cValor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desv<span class=\"_ _6\"></span>iaciones<span class=\"_ _6\"></span></span> <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>recio d<span class=\"_ _6\"></span>el mercado<span class=\"_ _6\"></span><span class=\"ff6\">\u201d</span>, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>adelante <span class=\"_ _6\"></span>Vaj<span class=\"_ _6\"></span>dm, <span class=\"_ _6\"></span>incluye <span class=\"_ _15\"></span>los s<span class=\"_ _6\"></span>aldos ante <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Comisi\u00f3n <span class=\"_ _10\"></span>Nacion<span class=\"_ _6\"></span>al <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>Mercados <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>Competencia <span class=\"_ _10\"></span>(<span class=\"ls26\">CN<span class=\"_ _6\"></span><span class=\"ls3b\">MC</span></span>) <span class=\"_ _15\"></span>derivad<span class=\"ls1d\">os<span class=\"_ _6\"></span></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>a<span class=\"_ _6\"></span>plicaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Real<span class=\"_ _6\"></span> Decreto <span class=\"_ _1\"></span>413/2014, de <span class=\"_ _e\"></span>6 de <span class=\"_ _e\"></span>jun<span class=\"_ _6\"></span>io, por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se regula <span class=\"_ _e\"></span>la actividad de <span class=\"_ _e\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>en<span class=\"_ _6\"></span>erg\u00eda el\u00e9ctrica <span class=\"_ _e\"></span>a partir de <span class=\"_ _1e\"> </span>fuentes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>energ\u00eda <span class=\"_ _1e\"> </span>renovab<span class=\"_ _6\"></span>les, <span class=\"_ _1e\"> </span>cogeneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>y <span class=\"_ _17\"> </span>residuos, <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>lo <span class=\"_ _17\"> </span>relativo <span class=\"_ _1e\"> </span>al <span class=\"_ _17\"> </span>\u201cValor <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>ajuste <span class=\"_ _17\"> </span>por desviaciones\u201d<span class=\"_ _6\"></span><span class=\"ff4\"> (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.15, 9 y Anexo III)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> </span>El <span class=\"_ _10\"></span>4 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ju<span class=\"_ _6\"></span>nio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>publicado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/526/2024, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mayo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _10\"></span>la metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actualizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de<span class=\"_ _33\"> </span>energ\u00eda <span class=\"_ _11\"></span>el\u00e9ctrica <span class=\"_ _11\"></span>cuyos <span class=\"_ _11\"> </span>costes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _11\"></span>dependan <span class=\"_ _11\"> </span>esencialmente <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>precio <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>combustible.<span class=\"_ _15\"></span> <span class=\"_ _11\"> </span>Es<span class=\"_ _6\"></span>ta Orden, <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>otros, <span class=\"_ _6\"></span>excluye <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>grupos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a.1, b<span class=\"_ _6\"></span>.6 y <span class=\"_ _6\"></span>b.8, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>encuadran <span class=\"_ _6\"></span>las plantas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>biomas<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo, <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>licaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desviaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el precio de mercado (Vajdm), regulado en el art\u00edculo 22 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el RD 413/2014, a partir del <span class=\"_ _1\"></span>1 de enero <span class=\"_ _1\"></span>de 2024, por<span class=\"_ _1\"></span> lo que no s<span class=\"_ _6\"></span>e generar\u00e1n a futuro nuevo<span class=\"_ _6\"></span>s saldos en con<span class=\"_ _6\"></span>cepto de Vajdm (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.1<span class=\"_ _6\"></span>5, 9 y<span class=\"_ _6\"></span> Anexo III).  Por su parte, los sald<span class=\"_ _6\"></span>os por este concepto recogidos en el E<span class=\"_ _6\"></span>stado de Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera al 31 de diciembre de <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"> </span>se <span class=\"_ _11\"></span>imputar\u00e1n <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>resultados<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>la <span class=\"_ _0\"></span>vid<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>regulatoria <span class=\"_ _11\"> </span>restante <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>instalaciones <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>lo generaron, <span class=\"_ _11\"> </span>o <span class=\"_ _12\"> </span>bien, <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>cobrar\u00e1n <span class=\"_ _12\"> </span>si <span class=\"_ _11\"> </span>dichos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>Vajdm <span class=\"_ _12\"> </span>se <span class=\"_ _11\"> </span>generaron <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>\u00faltimo <span class=\"_ _12\"> </span>semiperiod<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>regulatorio, <span class=\"_ _12\"> </span>de acuerdo con el siguient<span class=\"_ _6\"></span>e detalle:<span class=\"_ _6\"></span> Vencimiento en el a\u00f1o Corto plazo 202<span class=\"ls0_1\">4 </span>Total 202<span class=\"ls0_1\">5 </span>202<span class=\"ls0_1\">6 </span>202<span class=\"ls0_1\">7 </span>202<span class=\"ls0_1\">8 </span>202<span class=\"ls0_1\">9 </span>Siguientes Total Largo Plazo Saldos Acreedores-       <span class=\"ls0_1\">Negocio CELULOSA - </span>30.176 2.226 2.372 2.557 2.746 2.950 17.325 27.950       <span class=\"ls0_1\">Negocio RENOVABLES - </span>65.438 5.940 5.581 6.019 4.286 4.164 39.448 59.498 95.614<span class=\"ls0_1\"> </span>8.166<span class=\"ls0_1\"> </span>7.953<span class=\"ls0_1\"> </span>8.576<span class=\"ls0_1\"> </span>7.032<span class=\"ls0_1\"> </span>7.114<span class=\"ls0_1\"> </span>56.773<span class=\"ls0_1\"> </span>87.448<span class=\"ls0_1\"> </span>Posici\u00f3n neta 95.614<span class=\"ls0_1\"> </span>8.166<span class=\"ls0_1\"> </span>7.953<span class=\"ls0_1\"> </span>8.576<span class=\"ls0_1\"> </span>7.032<span class=\"ls0_1\"> </span>7.114<span class=\"ls0_1\"> </span>56.773<span class=\"ls0_1\"> </span>87.448<span class=\"ls0_1\"> </span>Vencimiento en el a\u00f1o Corto plazo 2023<span class=\"ls0_1\"> </span>Total 2024<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>Siguientes Total Largo Plazo Saldos Acreedores-       <span class=\"ls0_1\">Negocio CELULOSA - </span>32.391 2.073 2.226 2.391 2.568 2.758 20.375 30.318       <span class=\"ls0_1\">Negocio RENOVABLES - </span>70.551 5.329 5.723 5.590 6.004 4.284 43.621 65.222 102.942<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>7.949<span class=\"ls0_1\"> </span>7.981<span class=\"ls0_1\"> </span>8.572<span class=\"ls0_1\"> </span>7.042<span class=\"ls0_1\"> </span>63.996<span class=\"ls0_1\"> </span>95.540<span class=\"ls0_1\"> </span>Posici\u00f3n neta 102.942<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>7.949<span class=\"ls0_1\"> </span>7.981<span class=\"ls0_1\"> </span>8.572<span class=\"ls0_1\"> </span>7.042<span class=\"ls0_1\"> </span>63.996<span class=\"ls0_1\"> </span>95.540",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Otros activos y pasivos corrientes y no corrientes </span></span>El <span class=\"_ _1\"></span>detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>este ep\u00edgrafe <span class=\"_ _1\"></span>del Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _e\"></span>Consolidad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _e\"></span>de 202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023 es el siguiente: 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/202<span class=\"ls0_1\">3 </span>Miles \u20ac<span class=\"ff4\"> </span>Corto Plazo Largo Plazo Corto Plazo Largo Plazo Activos- Vajdm semiperiodo 2023-<span class=\"ls9\">2025 </span>(Nota 24) - 22.837<span class=\"ls0_1\"> </span>- 27.129 Otros 3.086 - 3.068<span class=\"ls0_1\"> </span>22.837<span class=\"ls0_1\"> </span>- 27.129<span class=\"ls0_1\"> </span>Pasivos- Vajdm semiperiodos anteriores (Nota 24) 8.166 87.448 7.402 95.757 Periodificaciones y otros - 971<span class=\"ls0_1\"> </span>- 970<span class=\"ls0_1\"> </span>Contraprestaci\u00f3n contingente (Notas 4 y 6) - 3.642 - - 8.166<span class=\"ls0_1\"> </span>92.061<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>96.727<span class=\"ls0_1\"> </span>L<span class=\"ff6\">a <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>\u201cValor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desv<span class=\"_ _6\"></span>iaciones<span class=\"_ _6\"></span></span> <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>recio d<span class=\"_ _6\"></span>el mercado<span class=\"_ _6\"></span><span class=\"ff6\">\u201d</span>, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>adelante <span class=\"_ _6\"></span>Vaj<span class=\"_ _6\"></span>dm, <span class=\"_ _6\"></span>incluye <span class=\"_ _15\"></span>los s<span class=\"_ _6\"></span>aldos ante <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Comisi\u00f3n <span class=\"_ _10\"></span>Nacion<span class=\"_ _6\"></span>al <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>Mercados <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>Competencia <span class=\"_ _10\"></span>(<span class=\"ls26\">CN<span class=\"_ _6\"></span><span class=\"ls3b\">MC</span></span>) <span class=\"_ _15\"></span>derivad<span class=\"ls1d\">os<span class=\"_ _6\"></span></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>a<span class=\"_ _6\"></span>plicaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Real<span class=\"_ _6\"></span> Decreto <span class=\"_ _1\"></span>413/2014, de <span class=\"_ _e\"></span>6 de <span class=\"_ _e\"></span>jun<span class=\"_ _6\"></span>io, por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se regula <span class=\"_ _e\"></span>la actividad de <span class=\"_ _e\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>en<span class=\"_ _6\"></span>erg\u00eda el\u00e9ctrica <span class=\"_ _e\"></span>a partir de <span class=\"_ _1e\"> </span>fuentes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>energ\u00eda <span class=\"_ _1e\"> </span>renovab<span class=\"_ _6\"></span>les, <span class=\"_ _1e\"> </span>cogeneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>y <span class=\"_ _17\"> </span>residuos, <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>lo <span class=\"_ _17\"> </span>relativo <span class=\"_ _1e\"> </span>al <span class=\"_ _17\"> </span>\u201cValor <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>ajuste <span class=\"_ _17\"> </span>por desviaciones\u201d<span class=\"_ _6\"></span><span class=\"ff4\"> (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.15, 9 y Anexo III)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> </span>El <span class=\"_ _10\"></span>4 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ju<span class=\"_ _6\"></span>nio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>publicado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/526/2024, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mayo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _10\"></span>la metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actualizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de<span class=\"_ _33\"> </span>energ\u00eda <span class=\"_ _11\"></span>el\u00e9ctrica <span class=\"_ _11\"></span>cuyos <span class=\"_ _11\"> </span>costes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _11\"></span>dependan <span class=\"_ _11\"> </span>esencialmente <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>precio <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>combustible.<span class=\"_ _15\"></span> <span class=\"_ _11\"> </span>Es<span class=\"_ _6\"></span>ta Orden, <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>otros, <span class=\"_ _6\"></span>excluye <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>grupos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a.1, b<span class=\"_ _6\"></span>.6 y <span class=\"_ _6\"></span>b.8, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>encuadran <span class=\"_ _6\"></span>las plantas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>biomas<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo, <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>licaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desviaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el precio de mercado (Vajdm), regulado en el art\u00edculo 22 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el RD 413/2014, a partir del <span class=\"_ _1\"></span>1 de enero <span class=\"_ _1\"></span>de 2024, por<span class=\"_ _1\"></span> lo que no s<span class=\"_ _6\"></span>e generar\u00e1n a futuro nuevo<span class=\"_ _6\"></span>s saldos en con<span class=\"_ _6\"></span>cepto de Vajdm (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.1<span class=\"_ _6\"></span>5, 9 y<span class=\"_ _6\"></span> Anexo III).  Por su parte, los sald<span class=\"_ _6\"></span>os por este concepto recogidos en el E<span class=\"_ _6\"></span>stado de Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera al 31 de diciembre de <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"> </span>se <span class=\"_ _11\"></span>imputar\u00e1n <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>resultados<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>la <span class=\"_ _0\"></span>vid<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>regulatoria <span class=\"_ _11\"> </span>restante <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>instalaciones <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>lo generaron, <span class=\"_ _11\"> </span>o <span class=\"_ _12\"> </span>bien, <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>cobrar\u00e1n <span class=\"_ _12\"> </span>si <span class=\"_ _11\"> </span>dichos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>Vajdm <span class=\"_ _12\"> </span>se <span class=\"_ _11\"> </span>generaron <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>\u00faltimo <span class=\"_ _12\"> </span>semiperiod<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>regulatorio, <span class=\"_ _12\"> </span>de acuerdo con el siguient<span class=\"_ _6\"></span>e detalle:<span class=\"_ _6\"></span> Vencimiento en el a\u00f1o Corto plazo 202<span class=\"ls0_1\">4 </span>Total 202<span class=\"ls0_1\">5 </span>202<span class=\"ls0_1\">6 </span>202<span class=\"ls0_1\">7 </span>202<span class=\"ls0_1\">8 </span>202<span class=\"ls0_1\">9 </span>Siguientes Total Largo Plazo Saldos Acreedores-       <span class=\"ls0_1\">Negocio CELULOSA - </span>30.176 2.226 2.372 2.557 2.746 2.950 17.325 27.950       <span class=\"ls0_1\">Negocio RENOVABLES - </span>65.438 5.940 5.581 6.019 4.286 4.164 39.448 59.498 95.614<span class=\"ls0_1\"> </span>8.166<span class=\"ls0_1\"> </span>7.953<span class=\"ls0_1\"> </span>8.576<span class=\"ls0_1\"> </span>7.032<span class=\"ls0_1\"> </span>7.114<span class=\"ls0_1\"> </span>56.773<span class=\"ls0_1\"> </span>87.448<span class=\"ls0_1\"> </span>Posici\u00f3n neta 95.614<span class=\"ls0_1\"> </span>8.166<span class=\"ls0_1\"> </span>7.953<span class=\"ls0_1\"> </span>8.576<span class=\"ls0_1\"> </span>7.032<span class=\"ls0_1\"> </span>7.114<span class=\"ls0_1\"> </span>56.773<span class=\"ls0_1\"> </span>87.448<span class=\"ls0_1\"> </span>Vencimiento en el a\u00f1o Corto plazo 2023<span class=\"ls0_1\"> </span>Total 2024<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>Siguientes Total Largo Plazo Saldos Acreedores-       <span class=\"ls0_1\">Negocio CELULOSA - </span>32.391 2.073 2.226 2.391 2.568 2.758 20.375 30.318       <span class=\"ls0_1\">Negocio RENOVABLES - </span>70.551 5.329 5.723 5.590 6.004 4.284 43.621 65.222 102.942<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>7.949<span class=\"ls0_1\"> </span>7.981<span class=\"ls0_1\"> </span>8.572<span class=\"ls0_1\"> </span>7.042<span class=\"ls0_1\"> </span>63.996<span class=\"ls0_1\"> </span>95.540<span class=\"ls0_1\"> </span>Posici\u00f3n neta 102.942<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>7.949<span class=\"ls0_1\"> </span>7.981<span class=\"ls0_1\"> </span>8.572<span class=\"ls0_1\"> </span>7.042<span class=\"ls0_1\"> </span>63.996<span class=\"ls0_1\"> </span>95.540",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-571": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Otros activos y pasivos corrientes y no corrientes </span></span>El <span class=\"_ _1\"></span>detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>este ep\u00edgrafe <span class=\"_ _1\"></span>del Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _e\"></span>Consolidad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _e\"></span>de 202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023 es el siguiente: 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/202<span class=\"ls0_1\">3 </span>Miles \u20ac<span class=\"ff4\"> </span>Corto Plazo Largo Plazo Corto Plazo Largo Plazo Activos- Vajdm semiperiodo 2023-<span class=\"ls9\">2025 </span>(Nota 24) - 22.837<span class=\"ls0_1\"> </span>- 27.129 Otros 3.086 - 3.068<span class=\"ls0_1\"> </span>22.837<span class=\"ls0_1\"> </span>- 27.129<span class=\"ls0_1\"> </span>Pasivos- Vajdm semiperiodos anteriores (Nota 24) 8.166 87.448 7.402 95.757 Periodificaciones y otros - 971<span class=\"ls0_1\"> </span>- 970<span class=\"ls0_1\"> </span>Contraprestaci\u00f3n contingente (Notas 4 y 6) - 3.642 - - 8.166<span class=\"ls0_1\"> </span>92.061<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>96.727<span class=\"ls0_1\"> </span>L<span class=\"ff6\">a <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>\u201cValor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desv<span class=\"_ _6\"></span>iaciones<span class=\"_ _6\"></span></span> <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>recio d<span class=\"_ _6\"></span>el mercado<span class=\"_ _6\"></span><span class=\"ff6\">\u201d</span>, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>adelante <span class=\"_ _6\"></span>Vaj<span class=\"_ _6\"></span>dm, <span class=\"_ _6\"></span>incluye <span class=\"_ _15\"></span>los s<span class=\"_ _6\"></span>aldos ante <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Comisi\u00f3n <span class=\"_ _10\"></span>Nacion<span class=\"_ _6\"></span>al <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>Mercados <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>Competencia <span class=\"_ _10\"></span>(<span class=\"ls26\">CN<span class=\"_ _6\"></span><span class=\"ls3b\">MC</span></span>) <span class=\"_ _15\"></span>derivad<span class=\"ls1d\">os<span class=\"_ _6\"></span></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>a<span class=\"_ _6\"></span>plicaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Real<span class=\"_ _6\"></span> Decreto <span class=\"_ _1\"></span>413/2014, de <span class=\"_ _e\"></span>6 de <span class=\"_ _e\"></span>jun<span class=\"_ _6\"></span>io, por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se regula <span class=\"_ _e\"></span>la actividad de <span class=\"_ _e\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>en<span class=\"_ _6\"></span>erg\u00eda el\u00e9ctrica <span class=\"_ _e\"></span>a partir de <span class=\"_ _1e\"> </span>fuentes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>energ\u00eda <span class=\"_ _1e\"> </span>renovab<span class=\"_ _6\"></span>les, <span class=\"_ _1e\"> </span>cogeneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>y <span class=\"_ _17\"> </span>residuos, <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>lo <span class=\"_ _17\"> </span>relativo <span class=\"_ _1e\"> </span>al <span class=\"_ _17\"> </span>\u201cValor <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>ajuste <span class=\"_ _17\"> </span>por desviaciones\u201d<span class=\"_ _6\"></span><span class=\"ff4\"> (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.15, 9 y Anexo III)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> </span>El <span class=\"_ _10\"></span>4 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ju<span class=\"_ _6\"></span>nio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>publicado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/526/2024, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mayo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _10\"></span>la metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actualizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de<span class=\"_ _33\"> </span>energ\u00eda <span class=\"_ _11\"></span>el\u00e9ctrica <span class=\"_ _11\"></span>cuyos <span class=\"_ _11\"> </span>costes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _11\"></span>dependan <span class=\"_ _11\"> </span>esencialmente <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>precio <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>combustible.<span class=\"_ _15\"></span> <span class=\"_ _11\"> </span>Es<span class=\"_ _6\"></span>ta Orden, <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>otros, <span class=\"_ _6\"></span>excluye <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>grupos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a.1, b<span class=\"_ _6\"></span>.6 y <span class=\"_ _6\"></span>b.8, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>encuadran <span class=\"_ _6\"></span>las plantas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>biomas<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo, <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>licaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desviaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el precio de mercado (Vajdm), regulado en el art\u00edculo 22 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el RD 413/2014, a partir del <span class=\"_ _1\"></span>1 de enero <span class=\"_ _1\"></span>de 2024, por<span class=\"_ _1\"></span> lo que no s<span class=\"_ _6\"></span>e generar\u00e1n a futuro nuevo<span class=\"_ _6\"></span>s saldos en con<span class=\"_ _6\"></span>cepto de Vajdm (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.1<span class=\"_ _6\"></span>5, 9 y<span class=\"_ _6\"></span> Anexo III).  Por su parte, los sald<span class=\"_ _6\"></span>os por este concepto recogidos en el E<span class=\"_ _6\"></span>stado de Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera al 31 de diciembre de <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"> </span>se <span class=\"_ _11\"></span>imputar\u00e1n <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>resultados<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>la <span class=\"_ _0\"></span>vid<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>regulatoria <span class=\"_ _11\"> </span>restante <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>instalaciones <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>lo generaron, <span class=\"_ _11\"> </span>o <span class=\"_ _12\"> </span>bien, <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>cobrar\u00e1n <span class=\"_ _12\"> </span>si <span class=\"_ _11\"> </span>dichos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>Vajdm <span class=\"_ _12\"> </span>se <span class=\"_ _11\"> </span>generaron <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>\u00faltimo <span class=\"_ _12\"> </span>semiperiod<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>regulatorio, <span class=\"_ _12\"> </span>de acuerdo con el siguient<span class=\"_ _6\"></span>e detalle:<span class=\"_ _6\"></span> Vencimiento en el a\u00f1o Corto plazo 202<span class=\"ls0_1\">4 </span>Total 202<span class=\"ls0_1\">5 </span>202<span class=\"ls0_1\">6 </span>202<span class=\"ls0_1\">7 </span>202<span class=\"ls0_1\">8 </span>202<span class=\"ls0_1\">9 </span>Siguientes Total Largo Plazo Saldos Acreedores-       <span class=\"ls0_1\">Negocio CELULOSA - </span>30.176 2.226 2.372 2.557 2.746 2.950 17.325 27.950       <span class=\"ls0_1\">Negocio RENOVABLES - </span>65.438 5.940 5.581 6.019 4.286 4.164 39.448 59.498 95.614<span class=\"ls0_1\"> </span>8.166<span class=\"ls0_1\"> </span>7.953<span class=\"ls0_1\"> </span>8.576<span class=\"ls0_1\"> </span>7.032<span class=\"ls0_1\"> </span>7.114<span class=\"ls0_1\"> </span>56.773<span class=\"ls0_1\"> </span>87.448<span class=\"ls0_1\"> </span>Posici\u00f3n neta 95.614<span class=\"ls0_1\"> </span>8.166<span class=\"ls0_1\"> </span>7.953<span class=\"ls0_1\"> </span>8.576<span class=\"ls0_1\"> </span>7.032<span class=\"ls0_1\"> </span>7.114<span class=\"ls0_1\"> </span>56.773<span class=\"ls0_1\"> </span>87.448<span class=\"ls0_1\"> </span>Vencimiento en el a\u00f1o Corto plazo 2023<span class=\"ls0_1\"> </span>Total 2024<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>Siguientes Total Largo Plazo Saldos Acreedores-       <span class=\"ls0_1\">Negocio CELULOSA - </span>32.391 2.073 2.226 2.391 2.568 2.758 20.375 30.318       <span class=\"ls0_1\">Negocio RENOVABLES - </span>70.551 5.329 5.723 5.590 6.004 4.284 43.621 65.222 102.942<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>7.949<span class=\"ls0_1\"> </span>7.981<span class=\"ls0_1\"> </span>8.572<span class=\"ls0_1\"> </span>7.042<span class=\"ls0_1\"> </span>63.996<span class=\"ls0_1\"> </span>95.540<span class=\"ls0_1\"> </span>Posici\u00f3n neta 102.942<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>7.949<span class=\"ls0_1\"> </span>7.981<span class=\"ls0_1\"> </span>8.572<span class=\"ls0_1\"> </span>7.042<span class=\"ls0_1\"> </span>63.996<span class=\"ls0_1\"> </span>95.540",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-586": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Otros activos y pasivos corrientes y no corrientes </span></span>El <span class=\"_ _1\"></span>detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>este ep\u00edgrafe <span class=\"_ _1\"></span>del Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _e\"></span>Consolidad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _e\"></span>de 202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023 es el siguiente: 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/202<span class=\"ls0_1\">3 </span>Miles \u20ac<span class=\"ff4\"> </span>Corto Plazo Largo Plazo Corto Plazo Largo Plazo Activos- Vajdm semiperiodo 2023-<span class=\"ls9\">2025 </span>(Nota 24) - 22.837<span class=\"ls0_1\"> </span>- 27.129 Otros 3.086 - 3.068<span class=\"ls0_1\"> </span>22.837<span class=\"ls0_1\"> </span>- 27.129<span class=\"ls0_1\"> </span>Pasivos- Vajdm semiperiodos anteriores (Nota 24) 8.166 87.448 7.402 95.757 Periodificaciones y otros - 971<span class=\"ls0_1\"> </span>- 970<span class=\"ls0_1\"> </span>Contraprestaci\u00f3n contingente (Notas 4 y 6) - 3.642 - - 8.166<span class=\"ls0_1\"> </span>92.061<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>96.727<span class=\"ls0_1\"> </span>L<span class=\"ff6\">a <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>\u201cValor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desv<span class=\"_ _6\"></span>iaciones<span class=\"_ _6\"></span></span> <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>recio d<span class=\"_ _6\"></span>el mercado<span class=\"_ _6\"></span><span class=\"ff6\">\u201d</span>, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>adelante <span class=\"_ _6\"></span>Vaj<span class=\"_ _6\"></span>dm, <span class=\"_ _6\"></span>incluye <span class=\"_ _15\"></span>los s<span class=\"_ _6\"></span>aldos ante <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Comisi\u00f3n <span class=\"_ _10\"></span>Nacion<span class=\"_ _6\"></span>al <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>Mercados <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>Competencia <span class=\"_ _10\"></span>(<span class=\"ls26\">CN<span class=\"_ _6\"></span><span class=\"ls3b\">MC</span></span>) <span class=\"_ _15\"></span>derivad<span class=\"ls1d\">os<span class=\"_ _6\"></span></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>a<span class=\"_ _6\"></span>plicaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Real<span class=\"_ _6\"></span> Decreto <span class=\"_ _1\"></span>413/2014, de <span class=\"_ _e\"></span>6 de <span class=\"_ _e\"></span>jun<span class=\"_ _6\"></span>io, por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se regula <span class=\"_ _e\"></span>la actividad de <span class=\"_ _e\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>en<span class=\"_ _6\"></span>erg\u00eda el\u00e9ctrica <span class=\"_ _e\"></span>a partir de <span class=\"_ _1e\"> </span>fuentes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>energ\u00eda <span class=\"_ _1e\"> </span>renovab<span class=\"_ _6\"></span>les, <span class=\"_ _1e\"> </span>cogeneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>y <span class=\"_ _17\"> </span>residuos, <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>lo <span class=\"_ _17\"> </span>relativo <span class=\"_ _1e\"> </span>al <span class=\"_ _17\"> </span>\u201cValor <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>ajuste <span class=\"_ _17\"> </span>por desviaciones\u201d<span class=\"_ _6\"></span><span class=\"ff4\"> (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.15, 9 y Anexo III)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> </span>El <span class=\"_ _10\"></span>4 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ju<span class=\"_ _6\"></span>nio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>publicado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/526/2024, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mayo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _10\"></span>la metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actualizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de<span class=\"_ _33\"> </span>energ\u00eda <span class=\"_ _11\"></span>el\u00e9ctrica <span class=\"_ _11\"></span>cuyos <span class=\"_ _11\"> </span>costes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _11\"></span>dependan <span class=\"_ _11\"> </span>esencialmente <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>precio <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>combustible.<span class=\"_ _15\"></span> <span class=\"_ _11\"> </span>Es<span class=\"_ _6\"></span>ta Orden, <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>otros, <span class=\"_ _6\"></span>excluye <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>grupos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a.1, b<span class=\"_ _6\"></span>.6 y <span class=\"_ _6\"></span>b.8, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>encuadran <span class=\"_ _6\"></span>las plantas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>biomas<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo, <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>licaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desviaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el precio de mercado (Vajdm), regulado en el art\u00edculo 22 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el RD 413/2014, a partir del <span class=\"_ _1\"></span>1 de enero <span class=\"_ _1\"></span>de 2024, por<span class=\"_ _1\"></span> lo que no s<span class=\"_ _6\"></span>e generar\u00e1n a futuro nuevo<span class=\"_ _6\"></span>s saldos en con<span class=\"_ _6\"></span>cepto de Vajdm (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.1<span class=\"_ _6\"></span>5, 9 y<span class=\"_ _6\"></span> Anexo III).  Por su parte, los sald<span class=\"_ _6\"></span>os por este concepto recogidos en el E<span class=\"_ _6\"></span>stado de Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera al 31 de diciembre de <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"> </span>se <span class=\"_ _11\"></span>imputar\u00e1n <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>resultados<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>la <span class=\"_ _0\"></span>vid<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>regulatoria <span class=\"_ _11\"> </span>restante <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>instalaciones <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>lo generaron, <span class=\"_ _11\"> </span>o <span class=\"_ _12\"> </span>bien, <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>cobrar\u00e1n <span class=\"_ _12\"> </span>si <span class=\"_ _11\"> </span>dichos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>Vajdm <span class=\"_ _12\"> </span>se <span class=\"_ _11\"> </span>generaron <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>\u00faltimo <span class=\"_ _12\"> </span>semiperiod<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>regulatorio, <span class=\"_ _12\"> </span>de acuerdo con el siguient<span class=\"_ _6\"></span>e detalle:<span class=\"_ _6\"></span> Vencimiento en el a\u00f1o Corto plazo 202<span class=\"ls0_1\">4 </span>Total 202<span class=\"ls0_1\">5 </span>202<span class=\"ls0_1\">6 </span>202<span class=\"ls0_1\">7 </span>202<span class=\"ls0_1\">8 </span>202<span class=\"ls0_1\">9 </span>Siguientes Total Largo Plazo Saldos Acreedores-       <span class=\"ls0_1\">Negocio CELULOSA - </span>30.176 2.226 2.372 2.557 2.746 2.950 17.325 27.950       <span class=\"ls0_1\">Negocio RENOVABLES - </span>65.438 5.940 5.581 6.019 4.286 4.164 39.448 59.498 95.614<span class=\"ls0_1\"> </span>8.166<span class=\"ls0_1\"> </span>7.953<span class=\"ls0_1\"> </span>8.576<span class=\"ls0_1\"> </span>7.032<span class=\"ls0_1\"> </span>7.114<span class=\"ls0_1\"> </span>56.773<span class=\"ls0_1\"> </span>87.448<span class=\"ls0_1\"> </span>Posici\u00f3n neta 95.614<span class=\"ls0_1\"> </span>8.166<span class=\"ls0_1\"> </span>7.953<span class=\"ls0_1\"> </span>8.576<span class=\"ls0_1\"> </span>7.032<span class=\"ls0_1\"> </span>7.114<span class=\"ls0_1\"> </span>56.773<span class=\"ls0_1\"> </span>87.448<span class=\"ls0_1\"> </span>Vencimiento en el a\u00f1o Corto plazo 2023<span class=\"ls0_1\"> </span>Total 2024<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>Siguientes Total Largo Plazo Saldos Acreedores-       <span class=\"ls0_1\">Negocio CELULOSA - </span>32.391 2.073 2.226 2.391 2.568 2.758 20.375 30.318       <span class=\"ls0_1\">Negocio RENOVABLES - </span>70.551 5.329 5.723 5.590 6.004 4.284 43.621 65.222 102.942<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>7.949<span class=\"ls0_1\"> </span>7.981<span class=\"ls0_1\"> </span>8.572<span class=\"ls0_1\"> </span>7.042<span class=\"ls0_1\"> </span>63.996<span class=\"ls0_1\"> </span>95.540<span class=\"ls0_1\"> </span>Posici\u00f3n neta 102.942<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>7.949<span class=\"ls0_1\"> </span>7.981<span class=\"ls0_1\"> </span>8.572<span class=\"ls0_1\"> </span>7.042<span class=\"ls0_1\"> </span>63.996<span class=\"ls0_1\"> </span>95.540",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-598": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Otros activos y pasivos corrientes y no corrientes </span></span>El <span class=\"_ _1\"></span>detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>este ep\u00edgrafe <span class=\"_ _1\"></span>del Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _e\"></span>Consolidad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _e\"></span>de 202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023 es el siguiente: 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/202<span class=\"ls0_1\">3 </span>Miles \u20ac<span class=\"ff4\"> </span>Corto Plazo Largo Plazo Corto Plazo Largo Plazo Activos- Vajdm semiperiodo 2023-<span class=\"ls9\">2025 </span>(Nota 24) - 22.837<span class=\"ls0_1\"> </span>- 27.129 Otros 3.086 - 3.068<span class=\"ls0_1\"> </span>22.837<span class=\"ls0_1\"> </span>- 27.129<span class=\"ls0_1\"> </span>Pasivos- Vajdm semiperiodos anteriores (Nota 24) 8.166 87.448 7.402 95.757 Periodificaciones y otros - 971<span class=\"ls0_1\"> </span>- 970<span class=\"ls0_1\"> </span>Contraprestaci\u00f3n contingente (Notas 4 y 6) - 3.642 - - 8.166<span class=\"ls0_1\"> </span>92.061<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>96.727<span class=\"ls0_1\"> </span>L<span class=\"ff6\">a <span class=\"_ _6\"></span>cuenta <span class=\"_ _6\"></span>\u201cValor <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desv<span class=\"_ _6\"></span>iaciones<span class=\"_ _6\"></span></span> <span class=\"_ _6\"></span>de p<span class=\"_ _6\"></span>recio d<span class=\"_ _6\"></span>el mercado<span class=\"_ _6\"></span><span class=\"ff6\">\u201d</span>, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>adelante <span class=\"_ _6\"></span>Vaj<span class=\"_ _6\"></span>dm, <span class=\"_ _6\"></span>incluye <span class=\"_ _15\"></span>los s<span class=\"_ _6\"></span>aldos ante <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Comisi\u00f3n <span class=\"_ _10\"></span>Nacion<span class=\"_ _6\"></span>al <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>Mercados <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>la <span class=\"_ _0\"></span>Competencia <span class=\"_ _10\"></span>(<span class=\"ls26\">CN<span class=\"_ _6\"></span><span class=\"ls3b\">MC</span></span>) <span class=\"_ _15\"></span>derivad<span class=\"ls1d\">os<span class=\"_ _6\"></span></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>a<span class=\"_ _6\"></span>plicaci\u00f3n <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Real<span class=\"_ _6\"></span> Decreto <span class=\"_ _1\"></span>413/2014, de <span class=\"_ _e\"></span>6 de <span class=\"_ _e\"></span>jun<span class=\"_ _6\"></span>io, por <span class=\"_ _e\"></span>el <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se regula <span class=\"_ _e\"></span>la actividad de <span class=\"_ _e\"></span>produ<span class=\"_ _6\"></span>cci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>en<span class=\"_ _6\"></span>erg\u00eda el\u00e9ctrica <span class=\"_ _e\"></span>a partir de <span class=\"_ _1e\"> </span>fuentes <span class=\"_ _17\"> </span>de <span class=\"_ _17\"> </span>energ\u00eda <span class=\"_ _1e\"> </span>renovab<span class=\"_ _6\"></span>les, <span class=\"_ _1e\"> </span>cogeneraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>y <span class=\"_ _17\"> </span>residuos, <span class=\"_ _1e\"> </span>en <span class=\"_ _17\"> </span>lo <span class=\"_ _17\"> </span>relativo <span class=\"_ _1e\"> </span>al <span class=\"_ _17\"> </span>\u201cValor <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>ajuste <span class=\"_ _17\"> </span>por desviaciones\u201d<span class=\"_ _6\"></span><span class=\"ff4\"> (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.15, 9 y Anexo III)<span class=\"lsf\">. <span class=\"_ _6\"></span></span> </span>El <span class=\"_ _10\"></span>4 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>ju<span class=\"_ _6\"></span>nio <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>ha <span class=\"_ _10\"></span>publicado<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/526/2024, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>mayo<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>establece <span class=\"_ _10\"></span>la metodolog\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>actualizaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>instalacion<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>de<span class=\"_ _33\"> </span>energ\u00eda <span class=\"_ _11\"></span>el\u00e9ctrica <span class=\"_ _11\"></span>cuyos <span class=\"_ _11\"> </span>costes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>explotaci\u00f3n <span class=\"_ _11\"></span>dependan <span class=\"_ _11\"> </span>esencialmente <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>precio <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _11\"> </span>combustible.<span class=\"_ _15\"></span> <span class=\"_ _11\"> </span>Es<span class=\"_ _6\"></span>ta Orden, <span class=\"_ _6\"></span>entre <span class=\"_ _6\"></span>otros, <span class=\"_ _6\"></span>excluye <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>instalaciones <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>grupos<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>a.1, b<span class=\"_ _6\"></span>.6 y <span class=\"_ _6\"></span>b.8, <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>encuadran <span class=\"_ _6\"></span>las plantas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>generaci\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>biomas<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Grupo, <span class=\"_ _6\"></span>de la <span class=\"_ _6\"></span>ap<span class=\"_ _6\"></span>licaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ajuste <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>desviaciones <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el precio de mercado (Vajdm), regulado en el art\u00edculo 22 <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el RD 413/2014, a partir del <span class=\"_ _1\"></span>1 de enero <span class=\"_ _1\"></span>de 2024, por<span class=\"_ _1\"></span> lo que no s<span class=\"_ _6\"></span>e generar\u00e1n a futuro nuevo<span class=\"_ _6\"></span>s saldos en con<span class=\"_ _6\"></span>cepto de Vajdm (v\u00e9anse Nota<span class=\"_ _6\"></span>s 3.1<span class=\"_ _6\"></span>5, 9 y<span class=\"_ _6\"></span> Anexo III).  Por su parte, los sald<span class=\"_ _6\"></span>os por este concepto recogidos en el E<span class=\"_ _6\"></span>stado de Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera al 31 de diciembre de <span class=\"_ _0\"></span>2024 <span class=\"_ _11\"> </span>se <span class=\"_ _11\"></span>imputar\u00e1n <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>resultados<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _11\"></span>largo <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>la <span class=\"_ _0\"></span>vid<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>regulatoria <span class=\"_ _11\"> </span>restante <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>instalaciones <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>lo generaron, <span class=\"_ _11\"> </span>o <span class=\"_ _12\"> </span>bien, <span class=\"_ _11\"> </span>se <span class=\"_ _12\"> </span>cobrar\u00e1n <span class=\"_ _12\"> </span>si <span class=\"_ _11\"> </span>dichos<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>Vajdm <span class=\"_ _12\"> </span>se <span class=\"_ _11\"> </span>generaron <span class=\"_ _12\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>\u00faltimo <span class=\"_ _12\"> </span>semiperiod<span class=\"_ _6\"></span>o <span class=\"_ _11\"> </span>regulatorio, <span class=\"_ _12\"> </span>de acuerdo con el siguient<span class=\"_ _6\"></span>e detalle:<span class=\"_ _6\"></span> Vencimiento en el a\u00f1o Corto plazo 202<span class=\"ls0_1\">4 </span>Total 202<span class=\"ls0_1\">5 </span>202<span class=\"ls0_1\">6 </span>202<span class=\"ls0_1\">7 </span>202<span class=\"ls0_1\">8 </span>202<span class=\"ls0_1\">9 </span>Siguientes Total Largo Plazo Saldos Acreedores-       <span class=\"ls0_1\">Negocio CELULOSA - </span>30.176 2.226 2.372 2.557 2.746 2.950 17.325 27.950       <span class=\"ls0_1\">Negocio RENOVABLES - </span>65.438 5.940 5.581 6.019 4.286 4.164 39.448 59.498 95.614<span class=\"ls0_1\"> </span>8.166<span class=\"ls0_1\"> </span>7.953<span class=\"ls0_1\"> </span>8.576<span class=\"ls0_1\"> </span>7.032<span class=\"ls0_1\"> </span>7.114<span class=\"ls0_1\"> </span>56.773<span class=\"ls0_1\"> </span>87.448<span class=\"ls0_1\"> </span>Posici\u00f3n neta 95.614<span class=\"ls0_1\"> </span>8.166<span class=\"ls0_1\"> </span>7.953<span class=\"ls0_1\"> </span>8.576<span class=\"ls0_1\"> </span>7.032<span class=\"ls0_1\"> </span>7.114<span class=\"ls0_1\"> </span>56.773<span class=\"ls0_1\"> </span>87.448<span class=\"ls0_1\"> </span>Vencimiento en el a\u00f1o Corto plazo 2023<span class=\"ls0_1\"> </span>Total 2024<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>Siguientes Total Largo Plazo Saldos Acreedores-       <span class=\"ls0_1\">Negocio CELULOSA - </span>32.391 2.073 2.226 2.391 2.568 2.758 20.375 30.318       <span class=\"ls0_1\">Negocio RENOVABLES - </span>70.551 5.329 5.723 5.590 6.004 4.284 43.621 65.222 102.942<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>7.949<span class=\"ls0_1\"> </span>7.981<span class=\"ls0_1\"> </span>8.572<span class=\"ls0_1\"> </span>7.042<span class=\"ls0_1\"> </span>63.996<span class=\"ls0_1\"> </span>95.540<span class=\"ls0_1\"> </span>Posici\u00f3n neta 102.942<span class=\"ls0_1\"> </span>7.402<span class=\"ls0_1\"> </span>7.949<span class=\"ls0_1\"> </span>7.981<span class=\"ls0_1\"> </span>8.572<span class=\"ls0_1\"> </span>7.042<span class=\"ls0_1\"> </span>63.996<span class=\"ls0_1\"> </span>95.540",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "<div class=\"c_1 w2_1 h3b gs714\"><div class=\"t_1 m0_1 x1f h8 y9f1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 xb h41 y61f ff3 fs3 fc2 sc0_1 lsb ws0_1\">30.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Instrumentos financieros derivados </span></span></div><div class=\"t_1 m0_1 x1f h8 y86c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Siguiendo la pol\u00edtica d<span class=\"_ _6\"></span>e gesti\u00f3n d<span class=\"_ _6\"></span>e riesgos financieros d<span class=\"_ _6\"></span>escrita en la N<span class=\"_ _6\"></span>ota 5, el Grupo reali<span class=\"_ _6\"></span>za contrata<span class=\"_ _6\"></span>ciones </div><div class=\"t_1 m0_1 x1f h8 y86d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de instrumentos fin<span class=\"_ _6\"></span>ancieros derivad<span class=\"_ _6\"></span>os <span class=\"_ _6\"></span>principalmente para cub<span class=\"_ _6\"></span>rir sus riesgos<span class=\"_ _6\"></span> financieros.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y86e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _1\"></span>detalle <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>este ep\u00edgrafe <span class=\"_ _1\"></span>del Estado <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>Situ<span class=\"_ _6\"></span>aci\u00f3n Financiera <span class=\"_ _e\"></span>Consolidad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _e\"></span>de diciembre <span class=\"_ _e\"></span>de 202<span class=\"_ _6\"></span>4 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2023 </div><div class=\"t_1 m0_1 x1f h8 yae1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">que <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>corresponde <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>razonab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los <span class=\"_ _6\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _15\"></span>financieros <span class=\"_ _15\"></span>derivados <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>esas <span class=\"_ _15\"></span>fechas, <span class=\"_ _6\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>el </div><div class=\"t_1 m0_1 x1f h8 y88 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">siguiente<span class=\"ls24\">:<span class=\"_ _33\"> </span></span><span class=\"ls24\"> <span class=\"_ _6\"></span></span> </div><div class=\"t_1 m0_1 x1f h8 y402 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y127 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8 y48a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div><div class=\"c_1 w1c0 ha6 gs716\"><div class=\"t_1 m0_1 x2e hf y56 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Activo no<span class=\"_ _1\"></span> corriente </div></div><div class=\"c_1 w1c1 ha6 gs717\"><div class=\"t_1 m0_1 x15 hf y56 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Activo c<span class=\"_ _1\"></span>orriente </div></div><div class=\"c_1 w1c2 ha6 gs718\"><div class=\"t_1 m0_1 x2e hf y56 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo no c<span class=\"_ _1\"></span>orriente </div></div><div class=\"c_1 w1c3 ha6 gs719\"><div class=\"t_1 m0_1 x41 hf y56 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo cor<span class=\"_ _1\"></span>riente </div></div><div class=\"c_1 w101 ha6 gs71a\"><div class=\"t_1 m0_1 x12 hf y45 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de<span class=\"_ _1\"></span> Euros </div></div><div class=\"c_1 wdf ha6 gs71b\"><div class=\"t_1 m0_1 x11 hf y45 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls2\">12</span>/2024 </div></div><div class=\"c_1 wea ha6 gs71c\"><div class=\"t_1 m0_1 x11 hf y45 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2023 </div></div><div class=\"c_1 w52 ha6 gs71d\"><div class=\"t_1 m0_1 x11 hf y45 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls2\">12</span>/2024 </div></div><div class=\"c_1 w1c4 ha6 gs71e\"><div class=\"t_1 m0_1 x87 hf y45 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2023 </div></div><div class=\"c_1 w96 ha6 gs71f\"><div class=\"t_1 m0_1 x5a hf y45 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls2\">12</span>/2024 </div></div><div class=\"c_1 wdf ha6 gs720\"><div class=\"t_1 m0_1 x11 hf y45 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2023 </div></div><div class=\"c_1 w1c5 ha6 gs721\"><div class=\"t_1 m0_1 x11 hf y45 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls2\">12</span>/2024 </div></div><div class=\"c_1 wdd ha6 gs722\"><div class=\"t_1 m0_1 x11 hf y45 ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2023 </div></div><div class=\"c_1 w101 h1d gs723\"><div class=\"t_1 m0_1 x12 hf y8f ff4 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Cobertura <span class=\"_ _1\"></span>de flujos de efec<span class=\"_ _1\"></span>tivo- </div></div><div class=\"c_1 w101 h1d gs724\"><div class=\"t_1 m0_1 x12 hf y8f ff4 fs5 fc0_1 sc0_1 ls3 ws0_1\">   <span class=\"ls0_1\">IRSwap </span></div></div><div class=\"c_1 wdf h1d gs725\"><div class=\"t_1 m0_1 x31 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 wea h1d gs726\"><div class=\"t_1 m0_1 x15 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.283<span class=\"fs5\"> </span></div></div><div class=\"c_1 w52 h1d gs727\"><div class=\"t_1 m0_1 x31 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w1c4 h1d gs728\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.718<span class=\"fs5\"> </span></div></div><div class=\"c_1 w96 h1d gs729\"><div class=\"t_1 m0_1 x15 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.029<span class=\"fs5\"> </span></div></div><div class=\"c_1 wdf h1d gs72a\"><div class=\"t_1 m0_1 x7f h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.441<span class=\"fs5\"> </span></div></div><div class=\"c_1 w1c5 h1d gs72b\"><div class=\"t_1 m0_1 x7f h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.260<span class=\"fs5\"> </span></div></div><div class=\"c_1 wdd h1d gs72c\"><div class=\"t_1 m0_1 x13 h1f y60 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">593<span class=\"fs5 ls0_1\"> </span></div></div><div class=\"c_1 w101 h6e gs72d\"><div class=\"t_1 m0_1 x12 hf y8f ff4 fs5 fc0_1 sc0_1 ls3 ws0_1\">   <span class=\"ls0_1\">Comisi\u00f3n est<span class=\"_ _1\"></span>ructuraci\u00f3<span class=\"_ _1\"></span>n IRSwap </span></div></div><div class=\"c_1 wdf h6e gs72e\"><div class=\"t_1 m0_1 x31 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 wea h6e gs72f\"><div class=\"t_1 m0_1 x38 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">27<span class=\"fs5 ls0_1\"> </span></div></div><div class=\"c_1 w52 h6e gs730\"><div class=\"t_1 m0_1 x31 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w1c4 h6e gs731\"><div class=\"t_1 m0_1 xd9 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w96 h6e gs732\"><div class=\"t_1 m0_1 x1c h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 wdf h6e gs733\"><div class=\"t_1 m0_1 x31 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w1c5 h6e gs734\"><div class=\"t_1 m0_1 x31 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 wdd h6e gs735\"><div class=\"t_1 m0_1 x31 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w101 h1d gs736\"><div class=\"t_1 m0_1 x12 hf y8f ff4 fs5 fc0_1 sc0_1 ls3 ws0_1\">   <span class=\"ls0_1\">Coberturas<span class=\"_ _1\"></span> de divisa </span></div></div><div class=\"c_1 wdf h1d gs737\"><div class=\"t_1 m0_1 x31 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 wea h1d gs738\"><div class=\"t_1 m0_1 x1c h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w52 h1d gs739\"><div class=\"t_1 m0_1 x31 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w1c4 h1d gs73a\"><div class=\"t_1 m0_1 x21 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.057<span class=\"fs5\"> </span></div></div><div class=\"c_1 w96 h1d gs73b\"><div class=\"t_1 m0_1 x1c h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 wdf h1d gs73c\"><div class=\"t_1 m0_1 x31 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w1c5 h1d gs73d\"><div class=\"t_1 m0_1 x7f h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.081<span class=\"fs5\"> </span></div></div><div class=\"c_1 wdd h1d gs73e\"><div class=\"t_1 m0_1 x31 h1f y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w101 h6e gs73f\"><div class=\"t_1 m0_1 x12 hf y8f ff4 fs5 fc0_1 sc0_1 ls3 ws0_1\">   <span class=\"ls0_1\">Coberturas<span class=\"_ _1\"></span> precio venta e<span class=\"_ _1\"></span>nerg\u00eda el\u00e9ctrica </span></div></div><div class=\"c_1 wdf h6e gs740\"><div class=\"t_1 m0_1 x31 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 wea h6e gs741\"><div class=\"t_1 m0_1 x1c h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w52 h6e gs742\"><div class=\"t_1 m0_1 x31 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w1c4 h6e gs743\"><div class=\"t_1 m0_1 xd9 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w96 h6e gs744\"><div class=\"t_1 m0_1 x1c h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 wdf h6e gs745\"><div class=\"t_1 m0_1 x31 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w1c5 h6e gs746\"><div class=\"t_1 m0_1 x13 h1f y73 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">633<span class=\"fs5 ls0_1\"> </span></div></div><div class=\"c_1 wdd h6e gs747\"><div class=\"t_1 m0_1 x31 h1f y73 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w101 hc6 gs748\"><div class=\"t_1 m0_1 xbf h10 y73 ff3 fs5 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 wdf hc6 gs749\"><div class=\"t_1 m0_1 x31 h54 y75 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 wea hc6 gs74a\"><div class=\"t_1 m0_1 x15 h54 y75 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.310<span class=\"fs5 ls0_1\"> </span></div></div><div class=\"c_1 w52 hc6 gs74b\"><div class=\"t_1 m0_1 x31 h54 y75 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"fs5\"> </span></div></div><div class=\"c_1 w1c4 hc6 gs74c\"><div class=\"t_1 m0_1 x21 h54 y75 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2.775<span class=\"fs5 ls0_1\"> </span></div></div><div class=\"c_1 w96 hc6 gs74d\"><div class=\"t_1 m0_1 x15 h54 y75 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">4.029<span class=\"fs5 ls0_1\"> </span></div></div><div class=\"c_1 wdf hc6 gs74e\"><div class=\"t_1 m0_1 x7f h54 y75 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">3.441<span class=\"fs5 ls0_1\"> </span></div></div><div class=\"c_1 w1c5 hc6 gs74f\"><div class=\"t_1 m0_1 x7f h54 y75 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">7.974<span class=\"fs5 ls0_1\"> </span></div></div><div class=\"c_1 wdd hc6 gs750\"><div class=\"t_1 m0_1 x13 h54 y75 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">593<span class=\"fs5 ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs751\"><div class=\"t_1 m0_1 x3f h8 y7e0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h8 y2a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"_ _e\"></span>importe <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>valor razonable <span class=\"_ _e\"></span>traspas<span class=\"_ _6\"></span>ado <span class=\"_ _e\"></span>al <span class=\"_ _1\"></span>resultado <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>ejercicio <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _e\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _1\"></span>financieros <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>erivados </div><div class=\"t_1 m0_1 x71 h8 yae9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">al 31 de diciembre de 20<span class=\"_ _6\"></span>24 y 2023 es el s<span class=\"_ _6\"></span>iguiente:<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w1c6 hf4 gs752\"><div class=\"t_1 m0_1 x12 h1f yaa6 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros - Ingreso/(Gasto) </div></div><div class=\"c_1 w80 hf4 gs753\"><div class=\"t_1 m0_1 x10 h1f yaa6 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> </div></div><div class=\"c_1 w1c7 hf4 gs754\"><div class=\"t_1 m0_1 x54 h1f yaa6 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12<span class=\"ls22\">/2023</span></span> </div></div><div class=\"c_1 w1c6 hf6 gs755\"><div class=\"t_1 m0_1 x12 h1f y79 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Impacto en resultados de explotaci\u00f3n- </div></div><div class=\"c_1 w1c6 h69 gs756\"><div class=\"t_1 m0_1 x12 h1f y53f ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">   <span class=\"ls0_1\">Coberturas de divisa </span></div></div><div class=\"c_1 w80 h69 gs757\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">          <span class=\"ls0_1\">(560)    </span></div></div><div class=\"c_1 w1c7 h69 gs758\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">         <span class=\"ls0_1\">(378)    </span></div></div><div class=\"c_1 w1c6 h6a gs759\"><div class=\"t_1 m0_1 x12 h1f y60 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">   <span class=\"ls0_1\">Coberturas precio de la celulosa </span></div></div><div class=\"c_1 w80 h6a gs75a\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">(9)    </span></div></div><div class=\"c_1 w1c7 h6a gs75b\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1c6 h69 gs75c\"><div class=\"t_1 m0_1 x12 h1f y53f ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">   <span class=\"ls0_1\">Coberturas precio venta energ\u00eda el\u00e9ctrica </span></div></div><div class=\"c_1 w80 h69 gs75d\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">       <span class=\"ls0_1\">(2.838)    </span></div></div><div class=\"c_1 w1c7 h69 gs75e\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">                 <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1c6 h69 gs75f\"><div class=\"t_1 m0_1 x15f h1f y53f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Subtotal </div></div><div class=\"c_1 w80 h69 gs760\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">       <span class=\"ls0_1\">(3.407)    </span></div></div><div class=\"c_1 w1c7 h69 gs761\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">         <span class=\"ls0_1\">(378)    </span></div></div><div class=\"c_1 w1c6 hf6 gs762\"><div class=\"t_1 m0_1 x12 h1f y79 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Impacto en resultados financieros- </div></div><div class=\"c_1 w1c6 h69 gs763\"><div class=\"t_1 m0_1 x12 h1f y53f ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">   <span class=\"ls0_1\">IRSwap (Nota <span class=\"ls9\">13</span>) </span></div></div><div class=\"c_1 w80 h69 gs764\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">5.416    </span></div></div><div class=\"c_1 w1c7 h69 gs765\"><div class=\"t_1 m0_1 x96 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls0_1\">3.245    </span></div></div><div class=\"c_1 w1c6 h6a gs766\"><div class=\"t_1 m0_1 x23 h54 y60 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 w80 h6a gs767\"><div class=\"t_1 m0_1 x96 h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">2.009   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w1c7 h6a gs768\"><div class=\"t_1 m0_1 x65 h54 y5e ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">  <span class=\"ls9\">2.867   <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w2_1 h3b gs751\"><div class=\"t_1 m0_1 x82 h8 y948 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x82 h8 y17c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Todos <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>contratado<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>por <span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>NCE <span class=\"_ _11\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _0\"></span>diciembre<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2023 </div><div class=\"t_1 m0_1 x82 h8 yaf3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">califican como cobertu<span class=\"_ _6\"></span>ra contable.<span class=\"_ _6\"></span>  </div><div class=\"t_1 m0_1 x82 h8 yaf4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h46 yaf5 ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">30.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Coberturas de di<span class=\"_ _1\"></span>visa </span></span></div><div class=\"t_1 m0_1 x82 h8 yaf6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _10\"></span>cu<span class=\"_ _6\"></span>bre <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>fluctu<span class=\"_ _6\"></span>aciones <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>cambio <span class=\"_ _0\"></span>d\u00f3lar/eur<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>afectan <span class=\"_ _10\"></span>significativ<span class=\"_ _6\"></span>amente <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>precio <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x82 h8 yaf7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">venta de <span class=\"_ _e\"></span>celulosa, con <span class=\"_ _e\"></span>t\u00faneles en <span class=\"_ _e\"></span>la m<span class=\"_ _1\"></span>odalidad asi\u00e1tica as\u00ed <span class=\"_ _e\"></span>como con <span class=\"_ _e\"></span>forwards<span class=\"_ _6\"></span>. <span class=\"_ _1\"></span>Su <span class=\"_ _1\"></span>detalle al <span class=\"_ _e\"></span>31 de <span class=\"_ _e\"></span>diciembre </div><div class=\"t_1 m0_1 x82 h8 y441 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de 2024 es el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w196 hf7 gs76a\"><div class=\"t_1 m0_1 x5a h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></div><div class=\"c_1 w1ca hf7 gs76b\"><div class=\"t_1 m0_1 x12 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></div><div class=\"c_1 w21 hf7 gs76c\"><div class=\"t_1 m0_1 x32 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Nocional </div></div><div class=\"c_1 w18 h66 gs76d\"><div class=\"t_1 m0_1 x29 h1f y4ef ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">T\u00faneles </div><div class=\"t_1 m0_1 x87 h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">asi\u00e1ticos </div><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Subyacente </div></div><div class=\"c_1 w1cb h66 gs76e\"><div class=\"t_1 m0_1 x2a h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></div><div class=\"c_1 w196 h66 gs76f\"><div class=\"t_1 m0_1 x54 h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Call </div></div><div class=\"c_1 w1ca h66 gs770\"><div class=\"t_1 m0_1 x87 h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Put </div></div><div class=\"c_1 w21 h66 gs771\"><div class=\"t_1 m0_1 x5a h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(Mn. USD) </div></div><div class=\"c_1 w18 hf7 gs772\"><div class=\"t_1 m0_1 x32 h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></div><div class=\"c_1 w1cb hf7 gs773\"><div class=\"t_1 m0_1 x5a h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1\u00ba Trimestre 2025 </div></div><div class=\"c_1 w196 hf7 gs774\"><div class=\"t_1 m0_1 x11 h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1,063 </div></div><div class=\"c_1 w1ca hf7 gs775\"><div class=\"t_1 m0_1 x5a h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1,096 </div></div><div class=\"c_1 w21 hf7 gs776\"><div class=\"t_1 m0_1 x1a h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">84,9 </div></div><div class=\"c_1 w18 hf7 gs777\"><div class=\"t_1 m0_1 x32 h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></div><div class=\"c_1 w1cb hf7 gs778\"><div class=\"t_1 m0_1 x5a h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2\u00ba Trimestre 2025 </div></div><div class=\"c_1 w196 hf7 gs779\"><div class=\"t_1 m0_1 x11 h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1,070 </div></div><div class=\"c_1 w1ca hf7 gs77a\"><div class=\"t_1 m0_1 x5a h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1,101 </div></div><div class=\"c_1 w21 hf7 gs77b\"><div class=\"t_1 m0_1 x1a h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">61,1 </div></div><div class=\"c_1 w18 hf7 gs77c\"><div class=\"t_1 m0_1 x32 h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></div><div class=\"c_1 w1cb hf7 gs77d\"><div class=\"t_1 m0_1 x5a h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3\u00ba Trimestre 2025 </div></div><div class=\"c_1 w196 hf7 gs77e\"><div class=\"t_1 m0_1 x11 h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1,072 </div></div><div class=\"c_1 w1ca hf7 gs77f\"><div class=\"t_1 m0_1 x5a h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1,101 </div></div><div class=\"c_1 w21 hf7 gs780\"><div class=\"t_1 m0_1 x1a h1f y8f0 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">72,9 </div></div><div class=\"c_1 w18 hf8 gs781\"><div class=\"t_1 m0_1 x32 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></div><div class=\"c_1 w1cb hf8 gs782\"><div class=\"t_1 m0_1 x5a h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4\u00ba Trimestre 2025 </div></div><div class=\"c_1 w196 hf8 gs783\"><div class=\"t_1 m0_1 x11 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1,058 </div></div><div class=\"c_1 w1ca hf8 gs784\"><div class=\"t_1 m0_1 x5a h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1,084 </div></div><div class=\"c_1 w21 hf8 gs785\"><div class=\"t_1 m0_1 x1a h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">37,6 </div></div><div class=\"c_1 w21 hf8 gs786\"><div class=\"t_1 m0_1 x4 h54 y5b ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">256,5<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w1cc h23 gs788\"><div class=\"t_1 m0_1 x4 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Stricke </div></div><div class=\"c_1 w167 h23 gs789\"><div class=\"t_1 m0_1 x54 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Nocional </div></div><div class=\"c_1 wb5 h7f gs78a\"><div class=\"t_1 m0_1 x54 h1f y38 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Forward </div><div class=\"t_1 m0_1 x5a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Subyacente </div></div><div class=\"c_1 w1cd h7f gs78b\"><div class=\"t_1 m0_1 x65 h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></div><div class=\"c_1 w1cc h7f gs78c\"><div class=\"t_1 m0_1 x2e h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Price </div></div><div class=\"c_1 w167 h7f gs78d\"><div class=\"t_1 m0_1 x32 h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(Mn. USD) </div></div><div class=\"c_1 wb5 h23 gs78e\"><div class=\"t_1 m0_1 x29 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></div><div class=\"c_1 w1cd h23 gs78f\"><div class=\"t_1 m0_1 x5 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1\u00ba Trimestre 2025 </div></div><div class=\"c_1 w1cc h23 gs790\"><div class=\"t_1 m0_1 x1a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1,047 </div></div><div class=\"c_1 w167 h23 gs791\"><div class=\"t_1 m0_1 xe h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">12,0 </div></div><div class=\"c_1 wb5 h63 gs792\"><div class=\"t_1 m0_1 x29 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">EUR/USD </div></div><div class=\"c_1 w1cd h63 gs793\"><div class=\"t_1 m0_1 x5 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2\u00ba Trimestre 2025 </div></div><div class=\"c_1 w1cc h63 gs794\"><div class=\"t_1 m0_1 x1a h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1,052 </div></div><div class=\"c_1 w167 h63 gs795\"><div class=\"t_1 m0_1 xe h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">12,0 </div></div><div class=\"c_1 w167 h63 gs796\"><div class=\"t_1 m0_1 xe h54 yaff ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">24,0<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w2_1 h3b gs798\"><div class=\"t_1 m0_1 x82 h8 y1d3 ff4 fs4 fc3 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x82 h8 y12e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los contratos vigentes <span class=\"_ _e\"></span>al 31 d<span class=\"_ _1\"></span>e diciembre <span class=\"_ _1\"></span>de 2024 <span class=\"_ _e\"></span>cubren aproximadamente un <span class=\"lse\">50</span>% <span class=\"_ _1\"></span>y un <span class=\"lse\">40</span>% <span class=\"_ _e\"></span>de las ventas<span class=\"_ _1\"></span> </div><div class=\"t_1 m0_1 x82 h8 y1fa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"_ _15\"></span>celulos<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>previstas <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>primer <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>segund<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>emestre <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>5, <span class=\"_ _10\"></span>respectivamente. <span class=\"_ _10\"></span>Al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x82 h8 y1d6 ff4 fs4 fc0_1 sc0_1 lse ws0_1\">202<span class=\"ls0_1\">3, los contrato<span class=\"_ _6\"></span>s vigentes c<span class=\"_ _6\"></span>ubr\u00edan ap<span class=\"_ _6\"></span>roximadamente un <span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>7% y un 8<span class=\"_ _6\"></span>% de las<span class=\"_ _6\"></span> ventas<span class=\"_ _6\"></span> de celulosa <span class=\"_ _6\"></span>previstas </span></div><div class=\"t_1 m0_1 x82 h8 y2bd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en el primer y segun<span class=\"_ _6\"></span>do semestre de 202<span class=\"_ _6\"></span>4, respectivamente.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x82 h8 y4db ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Durante los ejercicios 202<span class=\"_ _6\"></span>4 y 2023 no s<span class=\"_ _6\"></span>e han prod<span class=\"_ _6\"></span>ucido ineficacias en los derivad<span class=\"_ _6\"></span>os sob<span class=\"_ _6\"></span>re tip<span class=\"_ _6\"></span>o de cambio  </div><div class=\"t_1 m0_1 x82 h8 y2d8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La sensibilidad del resultado de explotaci\u00f3n y del patrimonio a las apreciaciones o deprec<span class=\"_ _6\"></span>iaciones del d\u00f3lar </div><div class=\"t_1 m0_1 x82 h8 y2d9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">frente <span class=\"_ _15\"></span>al<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>euro, <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>consecu<span class=\"_ _6\"></span>encia <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>efecto <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"></span>der<span class=\"_ _6\"></span>ivados <span class=\"_ _10\"></span>contra<span class=\"_ _6\"></span>tados <span class=\"_ _10\"></span>por </div><div class=\"t_1 m0_1 x82 h8 y3a1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE a 31 de d<span class=\"_ _6\"></span>iciembre de 202<span class=\"_ _6\"></span>4, se detalla a con<span class=\"_ _6\"></span>tinuaci\u00f3n<span class=\"_ _6\"></span>:  </div></div><div class=\"c_1 we2 h90 gs799\"><div class=\"t_1 m0_1 x44 h54 y5e ff7 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></div><div class=\"c_1 w184 h90 gs79a\"><div class=\"t_1 m0_1 x19 h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n  </div><div class=\"t_1 m0_1 x29 h54 y5e ff7 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo Cambio US$/\u20ac<span class=\"ff3\"> </span></div></div><div class=\"c_1 w1ce h90 gs79b\"><div class=\"t_1 m0_1 x44 h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado de explotaci\u00f3n </div><div class=\"t_1 m0_1 x1c h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> (-)/+ </div></div><div class=\"c_1 w1cf h90 gs79c\"><div class=\"t_1 m0_1 x87 h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en patrimonio neto </div><div class=\"t_1 m0_1 x33 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+ </div></div><div class=\"c_1 we2 h60 gs79d\"><div class=\"t_1 m0_1 x8c h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w184 h60 gs79e\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></div><div class=\"c_1 w1ce h60 gs79f\"><div class=\"t_1 m0_1 x2f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">9.965 </div></div><div class=\"c_1 w1cf h60 gs7a0\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">7.473 </div></div><div class=\"c_1 w184 h26 gs7a1\"><div class=\"t_1 m0_1 x2e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></div><div class=\"c_1 w1ce h26 gs7a2\"><div class=\"t_1 m0_1 x38 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(12.817) </div></div><div class=\"c_1 w1cf h26 gs7a3\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(9.613) </div></div><div class=\"c_1 we2 h60 gs7a4\"><div class=\"t_1 m0_1 x8c h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w184 h60 gs7a5\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Depreciaci\u00f3n 5% </div></div><div class=\"c_1 w1ce h60 gs7a6\"><div class=\"t_1 m0_1 x2f h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.865 </div></div><div class=\"c_1 w1cf h60 gs7a7\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.148 </div></div><div class=\"c_1 w184 h26 gs7a8\"><div class=\"t_1 m0_1 x2e h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Apreciaci\u00f3n 5% </div></div><div class=\"c_1 w1ce h26 gs7a9\"><div class=\"t_1 m0_1 x16 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.669) </div></div><div class=\"c_1 w1cf h26 gs7aa\"><div class=\"t_1 m0_1 xd9 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.002)<span class=\"_ _33\"> </span></div></div><div class=\"c_1 w2_1 h3b gs798\"><div class=\"t_1 m0_1 x3f h8 yb03 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h46 y2fc ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">30.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Cobertura de venta<span class=\"_ _1\"></span> de energ\u00eda-  </span></span></div><div class=\"t_1 m0_1 x71 h8 yb04 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La  compa\u00f1\u00eda <span class=\"_ _18\"> </span>trata  de  replicar <span class=\"_ _18\"> </span>la  f\u00f3rmula  de  ind<span class=\"_ _6\"></span>exaci\u00f3n <span class=\"_ _18\"> </span>del  pool  regulatorio  esta<span class=\"_ _6\"></span>blecida  en <span class=\"_ _18\"> </span>la  nueva </div><div class=\"t_1 m0_1 x71 h8 y948 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">regulaci\u00f3n publicada en 2024. Para ello durante el ejercicio 2024 el Grupo ha contratado Commodity Swaps </div><div class=\"t_1 m0_1 x71 h8 y17c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sobre el <span class=\"_ _6\"></span>precio de <span class=\"_ _6\"></span>venta <span class=\"_ _6\"></span>de la<span class=\"_ _6\"></span> energ\u00eda <span class=\"_ _6\"></span>el\u00e9ctrica<span class=\"_ _6\"></span>-O<span class=\"_ _6\"></span>MEL. Se <span class=\"_ _6\"></span>detallan<span class=\"_ _6\"></span> a <span class=\"_ _6\"></span>continuaci\u00f3<span class=\"_ _6\"></span>n las<span class=\"_ _6\"></span> coberturas <span class=\"_ _6\"></span>vigentes <span class=\"_ _6\"></span>al </div><div class=\"t_1 m0_1 x71 h8 yaf3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 de diciembre de 2024:<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w1cb hfa gs7ab\"><div class=\"t_1 m0_1 x2a h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Vencimiento </div></div><div class=\"c_1 wa3 hfa gs7ac\"><div class=\"t_1 m0_1 x12 h1f y695 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Cantidad </div><div class=\"t_1 m0_1 x11 h1f y59a ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(MWh) </div></div><div class=\"c_1 w1d0 hfa gs7ad\"><div class=\"t_1 m0_1 x10 h1f y4ef ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Precio </div><div class=\"t_1 m0_1 x12 h1f y531 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">contratado </div><div class=\"t_1 m0_1 x11 h1f y5e ff6 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(\u20ac/MWh)<span class=\"ff4\"> </span></div></div><div class=\"c_1 w1cb hf7 gs7ae\"><div class=\"t_1 m0_1 x5a h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1\u00ba Trimestre 2025 </div></div><div class=\"c_1 wa3 hf7 gs7af\"><div class=\"t_1 m0_1 x44 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">107.950 </div></div><div class=\"c_1 w1d0 hf7 gs7b0\"><div class=\"t_1 m0_1 x8c h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">71,36 </div></div><div class=\"c_1 w1cb hf7 gs7b1\"><div class=\"t_1 m0_1 x5a h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2\u00ba Trimestre 2025 </div></div><div class=\"c_1 wa3 hf7 gs7b2\"><div class=\"t_1 m0_1 x11 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">45.864 </div></div><div class=\"c_1 w1d0 hf7 gs7b3\"><div class=\"t_1 m0_1 x8c h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">73,13 </div></div><div class=\"c_1 w1cb hf7 gs7b4\"><div class=\"t_1 m0_1 x5a h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3\u00ba Trimestre 2025 </div></div><div class=\"c_1 wa3 hf7 gs7b5\"><div class=\"t_1 m0_1 x11 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">46.368 </div></div><div class=\"c_1 w1d0 hf7 gs7b6\"><div class=\"t_1 m0_1 x8c h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">73,13 </div></div><div class=\"c_1 w1cb h9c gs7b7\"><div class=\"t_1 m0_1 x5a h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4\u00ba Trimestre 2025 </div></div><div class=\"c_1 wa3 h9c gs7b8\"><div class=\"t_1 m0_1 x11 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">46.389 </div></div><div class=\"c_1 w1d0 h9c gs7b9\"><div class=\"t_1 m0_1 x8c h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">73,13 </div></div><div class=\"c_1 w2_1 h3b gs798\"><div class=\"t_1 m0_1 x71 h8 y3c4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h8 y3d8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _15\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>2023 <span class=\"_ _15\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>han <span class=\"_ _15\"></span>pro<span class=\"_ _6\"></span>ducido <span class=\"_ _15\"></span>ineficacias <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>derivados<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>sob<span class=\"_ _6\"></span>re <span class=\"_ _10\"></span>precio <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>venta </div><div class=\"t_1 m0_1 x71 h8 y255 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de energ\u00eda<span class=\"lsf\">. </span> </div><div class=\"t_1 m0_1 x71 h8 y256 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _0\"></span>sensibilidad <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>resulta<span class=\"_ _6\"></span>do <span class=\"_ _10\"></span>a <span class=\"_ _0\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>v<span class=\"_ _6\"></span>ariaciones <span class=\"_ _0\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>energ\u00eda, <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>consecuencia<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>efecto <span class=\"_ _0\"></span>en <span class=\"_ _11\"> </span>los </div><div class=\"t_1 m0_1 x71 h8 y257 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instrumentos <span class=\"_ _17\"> </span>financieros <span class=\"_ _1e\"> </span>derivad<span class=\"_ _6\"></span>os <span class=\"_ _1e\"> </span>contratados<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>p<span class=\"_ _6\"></span>or <span class=\"_ _1e\"> </span>ENCE <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>31 <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>d<span class=\"_ _6\"></span>iciembre <span class=\"_ _1e\"> </span>de <span class=\"_ _1e\"> </span>202<span class=\"_ _15\"></span>4, <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _1e\"> </span>detalla <span class=\"_ _1e\"> </span>a </div><div class=\"t_1 m0_1 x71 h8 y258 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">continuaci\u00f3n:<span class=\"_ _33\"> </span> </div></div><div class=\"c_1 w17d hfb gs7bb\"><div class=\"t_1 m0_1 x1a h54 y5e ff7 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"ff3\"> </span></div></div><div class=\"c_1 w1d1 hfb gs7bc\"><div class=\"t_1 m0_1 x20 h54 y531 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Variaci\u00f3n  </div><div class=\"t_1 m0_1 x21 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Precio venta energ\u00eda </div></div><div class=\"c_1 w1d2 hfb gs7bd\"><div class=\"t_1 m0_1 x5a h54 y531 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado de explotaci\u00f3n </div><div class=\"t_1 m0_1 x31 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\"> (-)/+ </div></div><div class=\"c_1 w1d2 hfb gs7be\"><div class=\"t_1 m0_1 x12 h54 y531 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto en patrimonio neto </div><div class=\"t_1 m0_1 x30 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(-)/+ </div></div><div class=\"c_1 w17d h23 gs7bf\"><div class=\"t_1 m0_1 x5b h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1d1 h23 gs7c0\"><div class=\"t_1 m0_1 x1c h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Aumento 5% </div></div><div class=\"c_1 w1d2 h23 gs7c1\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(915) </div></div><div class=\"c_1 w1d2 h23 gs7c2\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(687) </div></div><div class=\"c_1 w1d1 h63 gs7c3\"><div class=\"t_1 m0_1 x38 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuci\u00f3n 5% </div></div><div class=\"c_1 w1d2 h63 gs7c4\"><div class=\"t_1 m0_1 x5d h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">915<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1d2 h63 gs7c5\"><div class=\"t_1 m0_1 x5d h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">687<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div>30.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Interest Rate <span class=\"_ _1\"></span>Swap- </span></span>Los derivado<span class=\"_ _6\"></span>s sobre tipos d<span class=\"_ _6\"></span>e inter\u00e9s contratados p<span class=\"_ _6\"></span>or el Grupo y v<span class=\"_ _6\"></span>igentes al 31 de diciembre d<span class=\"_ _6\"></span>e 202<span class=\"_ _15\"></span>4 y 2023 son los siguientes<span class=\"_ _6\"></span>: Valor Nocional al cierre del:  Miles de Euros Razonable 2024<span class=\"ls0_1\"> </span>2025<span class=\"ls0_1\"> </span>2026<span class=\"ls0_1\"> </span>2027<span class=\"ls0_1\"> </span>2028<span class=\"ls0_1\"> </span>Resto 2024<span class=\"ls0_1\"> </span>Negocio celulosa (3.028) - 136.539 91.809 46.813 - - Negocio renovables (2.261) - 92.097 83.720 75.581 67.917 164.956 revisar<span class=\"ls9\">2023</span> Negocio celulosa (4.034) 154.325 136.539 91.809 46.813 - - Negocio renovables (*) 3.001 3.188 - - - - - (*) Saldo deudor.<span class=\"_ _33\"> </span>Durante los <span class=\"_ _6\"></span>ejercicios <span class=\"lse\">202</span>4 y 2023 <span class=\"_ _6\"></span>no se han<span class=\"_ _6\"></span> producido in<span class=\"_ _6\"></span>eficacias en los derivados s<span class=\"_ _6\"></span>obre tipos de inter\u00e9s. <span class=\"_ _15\"></span><span class=\"ff3 fc3\"> </span>La <span class=\"_ _6\"></span>sens<span class=\"_ _6\"></span>ibilidad <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>patrimonio <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>variacion<span class=\"_ _6\"></span>es <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>tipo <span class=\"_ _6\"></span>de <span class=\"_ _0\"></span>inter\u00e9s, <span class=\"_ _6\"></span>como<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>consecuencia <span class=\"_ _15\"></span>del<span class=\"_ _6\"></span> efecto <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>instru<span class=\"_ _6\"></span>mentos <span class=\"_ _e\"></span>fin<span class=\"_ _6\"></span>ancieros <span class=\"_ _e\"></span>contra<span class=\"_ _6\"></span>tados <span class=\"_ _e\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _e\"></span>el <span class=\"_ _a\"></span>Gr<span class=\"_ _6\"></span>upo <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>di<span class=\"_ _6\"></span>ciembre <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _a\"></span>20<span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>2023, <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>etalla a continuaci\u00f3n<span class=\"_ _6\"></span>: Miles \u20ac<span class=\"ff3\"> </span>Variaci\u00f3n  Tipo Inter\u00e9s Efecto en coste financiero  (-)/+ Efecto en patrimonio neto (-)/+ 2024<span class=\"ls0_1\"> </span>Aumento 50 pb 606<span class=\"ls0_1\"> </span>(1.481) Disminuci\u00f3n 50 pb (606) (6.768) 2023<span class=\"ls0_1\"> </span>Aumento 50 pb 518<span class=\"ls0_1\"> </span>1.952 Disminuci\u00f3n 50 pb (518) (1.972)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "30.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Coberturas de di<span class=\"_ _1\"></span>visa </span></span>ENCE <span class=\"_ _10\"></span>cu<span class=\"_ _6\"></span>bre <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>fluctu<span class=\"_ _6\"></span>aciones <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>tipo <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>cambio <span class=\"_ _0\"></span>d\u00f3lar/eur<span class=\"_ _6\"></span>o, <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>afectan <span class=\"_ _10\"></span>significativ<span class=\"_ _6\"></span>amente <span class=\"_ _10\"></span>al <span class=\"_ _0\"></span>precio <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> venta de <span class=\"_ _e\"></span>celulosa, con <span class=\"_ _e\"></span>t\u00faneles en <span class=\"_ _e\"></span>la m<span class=\"_ _1\"></span>odalidad asi\u00e1tica as\u00ed <span class=\"_ _e\"></span>como con <span class=\"_ _e\"></span>forwards<span class=\"_ _6\"></span>. <span class=\"_ _1\"></span>Su <span class=\"_ _1\"></span>detalle al <span class=\"_ _e\"></span>31 de <span class=\"_ _e\"></span>diciembre de 2024 es el siguiente<span class=\"_ _6\"></span>:<span class=\"_ _33\"> </span>Stricke Stricke Nocional T\u00faneles asi\u00e1ticos Subyacente Vencimiento Call Put (Mn. USD) EUR/USD 1\u00ba Trimestre 2025 1,063 1,096 84,9 EUR/USD 2\u00ba Trimestre 2025 1,070 1,101 61,1 EUR/USD 3\u00ba Trimestre 2025 1,072 1,101 72,9 EUR/USD 4\u00ba Trimestre 2025 1,058 1,084 37,6 256,5<span class=\"_ _33\"> </span>Stricke Nocional Forward Subyacente Vencimiento Price (Mn. USD) EUR/USD 1\u00ba Trimestre 2025 1,047 12,0 EUR/USD 2\u00ba Trimestre 2025 1,052 12,0 24,0<span class=\"_ _33\"> </span>Los contratos vigentes <span class=\"_ _e\"></span>al 31 d<span class=\"_ _1\"></span>e diciembre <span class=\"_ _1\"></span>de 2024 <span class=\"_ _e\"></span>cubren aproximadamente un <span class=\"lse\">50</span>% <span class=\"_ _1\"></span>y un <span class=\"lse\">40</span>% <span class=\"_ _e\"></span>de las ventas<span class=\"_ _1\"></span> de <span class=\"_ _15\"></span>celulos<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>previstas <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>primer <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>segund<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>emestre <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>202<span class=\"_ _6\"></span>5, <span class=\"_ _10\"></span>respectivamente. <span class=\"_ _10\"></span>Al <span class=\"_ _10\"></span>31 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>diciembre <span class=\"_ _10\"></span>de<span class=\"_ _6\"></span> 202<span class=\"ls0_1\">3, los contrato<span class=\"_ _6\"></span>s vigentes c<span class=\"_ _6\"></span>ubr\u00edan ap<span class=\"_ _6\"></span>roximadamente un <span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>7% y un 8<span class=\"_ _6\"></span>% de las<span class=\"_ _6\"></span> ventas<span class=\"_ _6\"></span> de celulosa <span class=\"_ _6\"></span>previstas </span>en el primer y segun<span class=\"_ _6\"></span>do semestre de 202<span class=\"_ _6\"></span>4, respectivamente.<span class=\"_ _6\"></span> Durante los ejercicios 202<span class=\"_ _6\"></span>4 y 2023 no s<span class=\"_ _6\"></span>e han prod<span class=\"_ _6\"></span>ucido ineficacias en los derivad<span class=\"_ _6\"></span>os sob<span class=\"_ _6\"></span>re tip<span class=\"_ _6\"></span>o de cambio  La sensibilidad del resultado de explotaci\u00f3n y del patrimonio a las apreciaciones o deprec<span class=\"_ _6\"></span>iaciones del d\u00f3lar frente <span class=\"_ _15\"></span>al<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>euro, <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>consecu<span class=\"_ _6\"></span>encia <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>efecto <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>ins<span class=\"_ _6\"></span>trumentos <span class=\"_ _10\"></span>financieros <span class=\"_ _10\"></span>der<span class=\"_ _6\"></span>ivados <span class=\"_ _10\"></span>contra<span class=\"_ _6\"></span>tados <span class=\"_ _10\"></span>por ENCE a 31 de d<span class=\"_ _6\"></span>iciembre de 202<span class=\"_ _6\"></span>4, se detalla a con<span class=\"_ _6\"></span>tinuaci\u00f3n<span class=\"_ _6\"></span>:  Miles \u20ac<span class=\"ff3\"> </span>Variaci\u00f3n  Tipo Cambio US$/\u20ac<span class=\"ff3\"> </span>Resultado de explotaci\u00f3n  (-)/+ Efecto en patrimonio neto (-)/+ 2024<span class=\"ls0_1\"> </span>Depreciaci\u00f3n 5% 9.965 7.473 Apreciaci\u00f3n 5% (12.817) (9.613) 2023<span class=\"ls0_1\"> </span>Depreciaci\u00f3n 5% 2.865 2.148 Apreciaci\u00f3n 5% (2.669) (2.002)<span class=\"_ _33\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-19": {
   "value": "31.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Provisiones, garant\u00edas y pasivos continge<span class=\"_ _1\"></span>ntes<span class=\"_ _33\"> </span></span></span>31.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Activos y pa<span class=\"_ _1\"></span>sivos continge<span class=\"_ _1\"></span>ntes  </span></span>Al <span class=\"_ _15\"></span>cierre <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>ej<span class=\"_ _6\"></span>ercicio <span class=\"_ _15\"></span>20<span class=\"_ _6\"></span>24, <span class=\"_ _15\"></span>e<span class=\"_ _6\"></span>l <span class=\"_ _15\"></span>Grupo <span class=\"_ _10\"></span>mantiene <span class=\"_ _10\"></span>reclamacio<span class=\"_ _6\"></span>nes <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>controv<span class=\"_ _6\"></span>ersias <span class=\"_ _15\"></span>legales <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>consecuencia<span class=\"_ _6\"></span> natural de su<span class=\"_ _6\"></span> negocio. Se resumen a con<span class=\"_ _6\"></span>tinuaci\u00f3n las<span class=\"_ _6\"></span> reclamaciones m\u00e1s significativ<span class=\"_ _6\"></span>as<span class=\"_ _6\"></span><span class=\"ls24\">: </span> Cultivos energ\u00e9ticos<span class=\"_ _6\"></span>- En <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _15\"></span>2013 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>201<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>aprob<span class=\"_ _6\"></span>aron <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>conju<span class=\"_ _6\"></span>nto <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isposiciones <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>ormativas: <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Orden <span class=\"_ _15\"></span>Ministerial IET/1045/2014, de 16 d<span class=\"_ _6\"></span>e junio, p<span class=\"_ _6\"></span>or la que s<span class=\"_ _6\"></span>e aprueban los par\u00e1metros retribu<span class=\"_ _6\"></span>tivos de las ins<span class=\"_ _6\"></span>talaciones tipo<span class=\"_ _6\"></span> aplicables <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>determinadas <span class=\"_ _10\"></span>instalaciones <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>pro<span class=\"_ _6\"></span>ducci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>tir <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>fuentes <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>energ\u00eda renovables, cogeneraci\u00f3n y residuos, dictada en desarrollo <span class=\"_ _1\"></span>de lo previsto en <span class=\"_ _1\"></span>el Real <span class=\"_ _1\"></span>Decreto 413/2014, de 6 de Jun<span class=\"_ _6\"></span>io, por el <span class=\"_ _6\"></span>que se regula <span class=\"_ _6\"></span>la activid<span class=\"_ _6\"></span>ad de p<span class=\"_ _6\"></span>roducci\u00f3n de energ\u00eda <span class=\"_ _6\"></span>el\u00e9ctrica <span class=\"_ _6\"></span>a part<span class=\"_ _15\"></span>ir <span class=\"_ _6\"></span>de fuentes <span class=\"_ _6\"></span>de energ\u00eda renovables, cogeneraci\u00f3n y residu<span class=\"_ _6\"></span>os, ambas dictadas en desarrollo y aplicaci\u00f3n de la Ley 24/2013, de 26 de diciembre, <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>Sector <span class=\"_ _12\"> </span>El\u00e9ctrico <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>Real <span class=\"_ _12\"> </span>Decreto-l<span class=\"_ _6\"></span>ey <span class=\"_ _11\"> </span>9/2013, <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>12 <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>julio, <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>adopta<span class=\"_ _6\"></span>ron medidas <span class=\"_ _18\"> </span>urgentes <span class=\"_ _1e\"> </span>para <span class=\"_ _1e\"> </span>garantizar <span class=\"_ _18\"> </span>la <span class=\"_ _1e\"> </span>estabilidad <span class=\"_ _1e\"> </span>financiera <span class=\"_ _18\"> </span>del <span class=\"_ _18\"> </span>sis<span class=\"_ _6\"></span>tema <span class=\"_ _18\"> </span>el\u00e9ctrico, <span class=\"_ _18\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _18\"> </span>modificaron <span class=\"_ _1e\"> </span>el esquema <span class=\"_ _11\"> </span>retributivo <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>r\u00e9gimen <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>tributaci\u00f3n <span class=\"_ _11\"> </span>aplicab<span class=\"_ _6\"></span>le <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>instalaciones <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>generaci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>energ\u00eda renovable, <span class=\"_ _11\"></span>incluida <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>cogeneraci\u00f3n <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>biomasa. <span class=\"_ _11\"></span>Esta <span class=\"_ _11\"></span>nueva <span class=\"_ _11\"> </span>regulaci\u00f3n, <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>t\u00e9rminos<span class=\"_ _6\"></span> retributivos equiparab<span class=\"_ _6\"></span>a los cultivos energ\u00e9ticos a <span class=\"_ _1\"></span>los restos forestales y agr\u00edcolas, oblig\u00f3 a ENCE a iniciar un proceso <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>ab<span class=\"_ _6\"></span>andonar o<span class=\"_ _6\"></span>rdenada <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>definitivamente <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>gesti\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>plan<span class=\"_ _6\"></span>taciones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cultivos <span class=\"_ _6\"></span>energ\u00e9ticos desarrolladas<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>incluyendo <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>resolu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>contratos <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>arr<span class=\"_ _6\"></span>endamientos, <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>consiguiente <span class=\"_ _15\"></span>det<span class=\"_ _6\"></span>erioro <span class=\"_ _15\"></span>de las inversion<span class=\"_ _6\"></span>es realizadas y la dotaci\u00f3n d<span class=\"_ _6\"></span>e las necesarias p<span class=\"_ _6\"></span>rovisiones.<span class=\"_ _33\"> </span>Como consecuencia de <span class=\"_ _1\"></span>ello, el <span class=\"_ _1\"></span>14 de <span class=\"_ _e\"></span>julio<span class=\"_ _6\"></span> de <span class=\"_ _1\"></span>2014, ENCE y <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>eterminadas<span class=\"_ _6\"></span> sociedades del <span class=\"_ _e\"></span>Grup<span class=\"_ _6\"></span>o (en <span class=\"_ _e\"></span>ad<span class=\"_ _6\"></span>elante \u201cENCE\u201d), <span class=\"_ _12\"> </span>presentaro<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>ante <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>enton<span class=\"_ _6\"></span>ces <span class=\"_ _12\"> </span>Ministerio <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>Indu<span class=\"_ _6\"></span>stria, <span class=\"_ _12\"> </span>Energ\u00eda <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>Turismo <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>reclamaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de Responsabilidad<span class=\"_ _6\"></span> <span class=\"_ _19\"> </span>Patrimonial <span class=\"_ _19\"> </span>de <span class=\"_ _1b\"> </span>la <span class=\"_ _19\"> </span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _19\"> </span>Ge<span class=\"ff6\">n<span class=\"_ _6\"></span>eral <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>Estado <span class=\"_ _19\"> </span>(en <span class=\"_ _1b\"> </span>adelan<span class=\"_ _6\"></span>te <span class=\"_ _19\"> </span>\u201cRPA\u201d), <span class=\"_ _19\"> </span>cuya </span>cuantificaci\u00f3n <span class=\"_ _0\"></span>final,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>seg\u00fan <span class=\"_ _11\"></span>informes <span class=\"_ _0\"></span>elabo<span class=\"_ _6\"></span>rados <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _11\"></span>experto <span class=\"_ _0\"></span>independiente, <span class=\"_ _11\"></span>ascendi\u00f3 <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>la <span class=\"_ _0\"></span>cuan<span class=\"_ _6\"></span>t\u00eda <span class=\"_ _0\"></span>de 63.300 miles \u20ac.<span class=\"ff4\"> </span>Con fecha 17 de <span class=\"_ _6\"></span>febrero de 2<span class=\"_ _6\"></span>021 ENCE present\u00f3<span class=\"_ _6\"></span> un escrito <span class=\"_ _6\"></span>ante el Ministerio p<span class=\"_ _6\"></span>ara la <span class=\"_ _6\"></span>Transici\u00f3n E<span class=\"_ _6\"></span>col\u00f3gica y el <span class=\"_ _e\"></span>Reto <span class=\"_ _e\"></span>D<span class=\"_ _6\"></span>emogr\u00e1fico, <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>oy <span class=\"_ _e\"></span>com<span class=\"_ _6\"></span>petente <span class=\"_ _e\"></span>en materia <span class=\"_ _a\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>energ\u00eda<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>reiterando<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>solicitud <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Administraci\u00f3n <span class=\"_ _1\"></span>para<span class=\"_ _33\"> </span>que <span class=\"_ _0\"></span>dictase <span class=\"_ _0\"></span>resoluci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>expres<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>expedi<span class=\"_ _6\"></span>ente <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>RPA <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>lanteado, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cual <span class=\"_ _11\"></span>evaluar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>posible<span class=\"_ _6\"></span> ejercicio de acciones ulterior<span class=\"_ _6\"></span>es. <span class=\"_ _6\"></span> Con <span class=\"_ _6\"></span>fecha <span class=\"_ _15\"></span>15 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>oviembre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Ence <span class=\"_ _15\"></span>recibi\u00f3 <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>ficio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Secretaria<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>General <span class=\"_ _15\"></span>T\u00e9cnica <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>Minis<span class=\"_ _6\"></span>terio para <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Transici\u00f3n <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>nerg\u00e9tica <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>Reto <span class=\"_ _6\"></span>Demogr\u00e1<span class=\"_ _6\"></span>fico <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>trav\u00e9s <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cual <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>daba <span class=\"_ _15\"></span>traslado <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>forme <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la Direcci\u00f3n <span class=\"_ _1c\"> </span>General <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>Pol\u00edtica <span class=\"_ _1c\"> </span>Energ\u00e9tica <span class=\"_ _1c\"> </span>y <span class=\"_ _17\"> </span>M<span class=\"_ _6\"></span>inas <span class=\"_ _1c\"> </span>(Informe <span class=\"_ _17\"> </span>DGPEM) <span class=\"_ _1c\"> </span>en <span class=\"_ _1c\"> </span>el <span class=\"_ _17\"> </span>que <span class=\"_ _1c\"> </span>se <span class=\"_ _17\"> </span>con<span class=\"_ _6\"></span>clu\u00eda <span class=\"_ _1c\"> </span>que <span class=\"_ _17\"> </span>la indemnizaci\u00f3n <span class=\"_ _10\"></span>reclamada <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>era <span class=\"_ _10\"></span>procedente. <span class=\"_ _0\"></span> El <span class=\"_ _15\"></span>29/11/20<span class=\"_ _6\"></span>23, <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>present\u00f3 <span class=\"_ _10\"></span>alegaciones <span class=\"_ _10\"></span>controvirtiend<span class=\"_ _6\"></span>o las <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>sideraciones <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>Informe <span class=\"_ _0\"></span>DGPEM <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>solicit\u00f3 <span class=\"_ _11\"></span>acceso <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>vista <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>expediente <span class=\"_ _11\"></span>sin <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>hasta <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>fecha <span class=\"_ _0\"></span>la Administracion hay<span class=\"_ _6\"></span>a contestado.<span class=\"_ _6\"></span> Adem\u00e1s, <span class=\"_ _1c\"> </span>ENCE <span class=\"_ _1c\"> </span>ha <span class=\"_ _1c\"> </span>reit<span class=\"_ _6\"></span>erado <span class=\"_ _1c\"> </span>y <span class=\"_ _1c\"> </span>recordado, <span class=\"_ _1c\"> </span>en <span class=\"_ _1c\"> </span>diversas<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>ocas<span class=\"_ _6\"></span>iones, <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>obligaci\u00f3n <span class=\"_ _1c\"> </span>que <span class=\"_ _1c\"> </span>pesa <span class=\"_ _1b\"> </span>sobre <span class=\"_ _1c\"> </span>la Administraci\u00f3n de reso<span class=\"_ _6\"></span>lver, en tiempo y forma,<span class=\"_ _6\"></span> la solicitud d<span class=\"_ _6\"></span>e RPA formulada en e<span class=\"_ _6\"></span>l a\u00f1o 2014.<span class=\"_ _15\"></span> Ante el <span class=\"_ _e\"></span>sil<span class=\"_ _6\"></span>encio de <span class=\"_ _e\"></span>la solicitud de RPA, <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> fecha <span class=\"_ _1\"></span>10 de <span class=\"_ _e\"></span>f<span class=\"_ _6\"></span>ebrero de <span class=\"_ _1\"></span>2023 ENCE interpuso recurso <span class=\"_ _1\"></span>contencioso administrativo <span class=\"_ _12\"> </span>y, <span class=\"_ _11\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>fecha <span class=\"_ _11\"> </span>21 <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>junio <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>2<span class=\"_ _6\"></span>023, <span class=\"_ _11\"> </span>pres<span class=\"_ _6\"></span>ent\u00f3 <span class=\"_ _11\"> </span>escrito<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>de<span class=\"_ _6\"></span>manda <span class=\"_ _11\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>fu<span class=\"_ _6\"></span>ndamento <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el instituto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>RPA <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>inviabilidad<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>total <span class=\"_ _6\"></span>gener<span class=\"_ _6\"></span>ada <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>nuev<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>marco <span class=\"_ _6\"></span>regulat<span class=\"_ _6\"></span>orio, <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>partir <span class=\"_ _6\"></span>de 2013<span class=\"ls0_1\">-2014,  para  e<span class=\"_ _1\"></span>l  modelo <span class=\"_ _1a\"> </span>de  generaci\u00f3n <span class=\"_ _12\"> </span>de  energ\u00eda  el\u00e9ctrica <span class=\"_ _12\"> </span>m<span class=\"_ _6\"></span>ediante  la <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>tilizaci\u00f3n  de  los <span class=\"_ _12\"> </span>cu<span class=\"_ _6\"></span>ltivos </span>energ\u00e9ticos, <span class=\"_ _f\"> </span>inviab<span class=\"_ _6\"></span>ilidad <span class=\"_ _f\"> </span>que <span class=\"_ _f\"> </span>determin\u00f3 <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>generaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _f\"> </span>de <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>da\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _f\"> </span>real, <span class=\"_ _f\"> </span>efectivo <span class=\"_ _f\"> </span>y <span class=\"_ _f\"> </span>evalu<span class=\"_ _6\"></span>able<span class=\"_ _33\"> </span>econ\u00f3micamente, <span class=\"_ _6\"></span>vinculad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>directamente <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>finalizaci\u00f3n <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>completo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>tod<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>proceso <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roductivo <span class=\"_ _6\"></span>de ENCE con los<span class=\"_ _6\"></span> cultivos energ\u00e9ticos. <span class=\"_ _6\"></span>El recurso est\u00e1 p<span class=\"_ _6\"></span>endiente de fijaci\u00f3n de fe<span class=\"_ _6\"></span>cha para vo<span class=\"_ _6\"></span>taci\u00f3n y fallo.<span class=\"_ _15\"></span> Regulaci\u00f3n sec<span class=\"_ _6\"></span>tor el\u00e9ctrico<span class=\"_ _6\"></span> - Las <span class=\"_ _11\"></span>sociedades <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>como <span class=\"_ _11\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>su <span class=\"_ _12\"> </span>actividad <span class=\"_ _11\"> </span>est\u00e1n <span class=\"_ _11\"> </span>afectadas <span class=\"_ _11\"></span>por <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>regulaci\u00f3n <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>sector el\u00e9ctrico, <span class=\"_ _19\"> </span>han <span class=\"_ _25\"> </span>interpuesto <span class=\"_ _19\"> </span>recursos <span class=\"_ _25\"> </span>contencioso<span class=\"_ _6\"></span>-administra<span class=\"_ _6\"></span>tivos, <span class=\"_ _19\"> </span>ante <span class=\"_ _25\"> </span>la <span class=\"_ _19\"> </span>Sala <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>lo <span class=\"_ _19\"> </span>Contencios<span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>-<span class=\"_ _33\"> </span>Administrativo <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>Tribunal <span class=\"_ _15\"></span>Supremo, <span class=\"_ _15\"></span>frente <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>\u00d3rdenes<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Ministeriales <span class=\"_ _15\"></span>TED/1232/2022<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>TED/1295/<span class=\"_ _6\"></span>2022, TED/741/2023 y <span class=\"_ _e\"></span>/353/2024 <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span> <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>que se <span class=\"_ _e\"></span>establecen <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>par\u00e1metros <span class=\"_ _1\"></span>retributivos para <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>ins<span class=\"_ _6\"></span>talaciones tip<span class=\"_ _1\"></span>o aplicables <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>determinadas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaciones <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>producci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>partir <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>fuentes <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>energ\u00eda renovables, <span class=\"_ _6\"></span>cogeneraci\u00f3n y<span class=\"_ _6\"></span> residuo<span class=\"_ _6\"></span>s a <span class=\"_ _6\"></span>efectos <span class=\"_ _6\"></span>de s<span class=\"_ _6\"></span>u aplicaci\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los dos <span class=\"_ _6\"></span>semestres de <span class=\"_ _6\"></span>los ejercicios<span class=\"_ _6\"></span> 2022 <span class=\"_ _6\"></span>y 2023.<span class=\"ls0_1\"> </span>En  cuanto  a <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span>  recursos  co<span class=\"_ _1\"></span>ntencioso<span class=\"_ _6\"></span>-administrativo<span class=\"_ _6\"></span>  interpuestos  contra  la <span class=\"_ _12\"> </span>Orden  TED/1232/2022,  el Tribunal <span class=\"_ _18\"> </span>Supremo <span class=\"_ _18\"> </span>acord\u00f3, <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>su <span class=\"_ _18\"> </span>momento,  la <span class=\"_ _18\"> </span>tra<span class=\"_ _6\"></span>mitaci\u00f3n <span class=\"_ _18\"> </span>como <span class=\"_ _18\"> </span>preferentes  d<span class=\"_ _6\"></span>e  v<span class=\"_ _6\"></span>arios <span class=\"_ _18\"> </span>recursos <span class=\"_ _18\"> </span>por tecnolog\u00eda, <span class=\"_ _6\"></span>incluid<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>4 <span class=\"_ _6\"></span>interpuesto<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>ENCE. <span class=\"_ _15\"></span>En <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>actualida<span class=\"_ _6\"></span>d<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estos <span class=\"_ _15\"></span>recursos <span class=\"_ _15\"></span>est\u00e1n <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>fase <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>fijaci\u00f3n <span class=\"_ _15\"></span>de d\u00eda para vo<span class=\"_ _6\"></span>taci\u00f3n y fallo.  Los <span class=\"_ _1c\"> </span>recurso<span class=\"_ _6\"></span>s <span class=\"_ _1c\"> </span>interpuestos <span class=\"_ _1b\"> </span>contra <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>Ord<span class=\"_ _6\"></span>en <span class=\"_ _1c\"> </span>TED/1295/2022, <span class=\"_ _1b\"> </span>se <span class=\"_ _1c\"> </span>encuentran <span class=\"_ _1c\"> </span>to<span class=\"_ _6\"></span>dos <span class=\"_ _1c\"> </span>suspend<span class=\"_ _6\"></span>idos <span class=\"_ _1c\"> </span>por tramitaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>otros <span class=\"_ _10\"></span>recurs<span class=\"_ _6\"></span>os. <span class=\"_ _10\"></span>En <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>caso <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>recursos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>interpuesto<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>contra <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/741<span class=\"_ _6\"></span>/2023, <span class=\"_ _10\"></span>el Tribunal <span class=\"_ _18\"> </span>Supremo <span class=\"_ _18\"> </span>ha <span class=\"_ _18\"> </span>tramit<span class=\"_ _6\"></span>ado <span class=\"_ _18\"> </span>todos <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>recurso<span class=\"_ _6\"></span>s <span class=\"_ _18\"> </span>interpuest<span class=\"_ _6\"></span>os, <span class=\"_ _18\"> </span>hab<span class=\"_ _6\"></span>i\u00e9ndose <span class=\"_ _18\"> </span>presentado <span class=\"_ _18\"> </span>escritos <span class=\"_ _18\"> </span>de conclusiones.<span class=\"_ _6\"></span> Por lo <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>respecta a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>recursos <span class=\"_ _6\"></span>contra <span class=\"_ _6\"></span>la Ord<span class=\"_ _6\"></span>en TED/353/2024, <span class=\"_ _6\"></span>est\u00e1n en <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>fase <span class=\"_ _6\"></span>inicial, <span class=\"_ _6\"></span>se ha <span class=\"_ _6\"></span>formulado escrito <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>demanda <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>uno de <span class=\"_ _e\"></span>ellos <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>resto<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>critos de <span class=\"_ _e\"></span>demanda se <span class=\"_ _e\"></span>presentar\u00e1n en <span class=\"_ _e\"></span>los meses <span class=\"_ _e\"></span>de enero y febrero de 2025.<span class=\"_ _33\"> </span>La <span class=\"_ _11\"></span>impugnaci\u00f3n <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>fundamenta,<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _11\"></span>lado, <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>que <span class=\"_ _11\"></span>la <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span>rmativa <span class=\"_ _11\"></span>aprobada <span class=\"_ _11\"></span>tiene <span class=\"_ _0\"></span>car\u00e1cter <span class=\"_ _11\"> </span>retroactivo, prohibido <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el ordenamient<span class=\"_ _6\"></span>o ju<span class=\"_ _6\"></span>r\u00eddico, en <span class=\"_ _6\"></span>el incu<span class=\"_ _6\"></span>mplimien<span class=\"_ _6\"></span>to de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>plazos <span class=\"_ _6\"></span>establecidos <span class=\"_ _6\"></span>en relaci\u00f3n<span class=\"_ _6\"></span> con <span class=\"_ _6\"></span>el r\u00e9gimen retrib<span class=\"_ _6\"></span>utivo <span class=\"_ _6\"></span>contenido <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>Ley <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Secto<span class=\"_ _6\"></span>r E<span class=\"_ _6\"></span>l\u00e9ctrico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>Real <span class=\"_ _6\"></span>Decreto <span class=\"_ _6\"></span>413/20<span class=\"_ _6\"></span>14, adem\u00e1s<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>ser arbitraria <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>contraria <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>principios <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>buena <span class=\"_ _11\"></span>regulaci\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _11\"></span>otro <span class=\"_ _0\"></span>lado, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>acredita <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>vulneraci\u00f3n <span class=\"_ _0\"></span>del principio <span class=\"_ _23\"> </span>de <span class=\"_ _25\"> </span>su<span class=\"_ _6\"></span>ficiencia <span class=\"_ _25\"> </span>retributiva.<span class=\"_ _6\"></span> <span class=\"_ _25\"> </span>Adicion<span class=\"_ _6\"></span>almente, <span class=\"_ _25\"> </span>se <span class=\"_ _23\"> </span>impugna <span class=\"_ _25\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _25\"> </span>manera <span class=\"_ _23\"> </span>indirecta <span class=\"_ _23\"> </span>la <span class=\"_ _25\"> </span>Orde<span class=\"_ _15\"></span><span class=\"ls1a\">n </span>IET/1345/2015 <span class=\"_ _6\"></span>y s<span class=\"_ _6\"></span>e solicita <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Tribunal <span class=\"_ _6\"></span>Supremo q<span class=\"_ _6\"></span>ue plante<span class=\"_ _6\"></span>e un<span class=\"_ _6\"></span>a cuesti\u00f3<span class=\"_ _6\"></span>n de <span class=\"_ _6\"></span>inconstitu<span class=\"_ _6\"></span>cionalidad <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>el Real De<span class=\"_ _1\"></span>creto-ley 6/2022. Adem\u00e1s de <span class=\"_ _e\"></span>argumentos<span class=\"_ _6\"></span> de <span class=\"_ _e\"></span>car\u00e1cter jur\u00eddico, la <span class=\"_ _1\"></span>impugnaci\u00f3n se <span class=\"_ _e\"></span>fundamenta<span class=\"_ _6\"></span> en <span class=\"_ _e\"></span>un<span class=\"_ _33\"> </span>an\u00e1lisis <span class=\"_ _15\"></span>pericial <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>determina <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>existencia <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>impacto <span class=\"_ _6\"></span>econ\u00f3mico <span class=\"_ _15\"></span>re<span class=\"_ _6\"></span>levante, <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>medida <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>las \u00d3rdenes  im<span class=\"_ _1\"></span>pugnadas<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>fijan<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>una  retribuci\u00f3n <span class=\"_ _12\"> </span>a  la <span class=\"_ _12\"> </span>operaci\u00f3n  alejada <span class=\"_ _12\"> </span>de  los <span class=\"_ _12\"> </span>costes  re<span class=\"_ _1\"></span>ales,  vulnerando <span class=\"_ _12\"> </span>su derecho a recibir un r\u00e9gimen <span class=\"_ _6\"></span>retributivo en lo<span class=\"_ _6\"></span>s t\u00e9r<span class=\"_ _6\"></span>minos legal y reglamentaria<span class=\"_ _6\"></span>mente previsto<span class=\"_ _6\"></span>s. Por <span class=\"_ _0\"></span>\u00faltimo, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>pres<span class=\"_ _6\"></span>entado <span class=\"_ _0\"></span>escrito <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>interpo<span class=\"_ _6\"></span>sici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>recurs<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>contencioso <span class=\"_ _0\"></span>ad<span class=\"_ _6\"></span>ministrativo <span class=\"_ _0\"></span>frente <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la Orden <span class=\"_ _1a\"> </span>TED/526/2024, <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>31<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>mayo,  por <span class=\"_ _12\"> </span>la  q<span class=\"_ _1\"></span>ue <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>establece  la <span class=\"_ _11\"> </span>metodo<span class=\"_ _6\"></span>log\u00eda <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>ac<span class=\"_ _6\"></span>tualizaci\u00f3n  de <span class=\"_ _12\"> </span>la retribuci\u00f3n <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>opera<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>ins<span class=\"_ _6\"></span>talaciones <span class=\"_ _11\"> </span>tipo <span class=\"_ _11\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>generaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>energ\u00eda <span class=\"_ _11\"></span>el\u00e9ctrica <span class=\"_ _11\"></span>cuyos <span class=\"_ _11\"></span>costes <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e explotaci\u00f3n <span class=\"_ _6\"></span>dependan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>esencialmente d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>recio d<span class=\"_ _6\"></span>el comb<span class=\"_ _6\"></span>ustib<span class=\"_ _6\"></span>le y<span class=\"_ _6\"></span> se <span class=\"_ _6\"></span>actualiz<span class=\"_ _6\"></span>an s<span class=\"_ _6\"></span>us valores<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>retribuci\u00f3n a la operaci\u00f3n de aplicaci\u00f3n a partir de 1 de e<span class=\"_ _1\"></span>nero de 2024. Este procedimiento se encuen<span class=\"_ _6\"></span>tra pendiente<span class=\"_ _6\"></span> de formalizaci\u00f3n de escrito d<span class=\"_ _6\"></span>e demanda.<span class=\"_ _6\"></span> Concesi\u00f3n de d<span class=\"_ _6\"></span>ominio p\u00fablico <span class=\"ffd\">\u2013</span> Biof\u00e1b<span class=\"_ _6\"></span>rica de ENCE e<span class=\"_ _6\"></span>n Pontevedra<span class=\"_ _6\"></span> La resoluci\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>20 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>enero <span class=\"_ _6\"></span>de 2016 <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la q<span class=\"_ _6\"></span>ue se<span class=\"_ _6\"></span> otorg\u00f3 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>pr\u00f3rro<span class=\"_ _6\"></span>ga de <span class=\"_ _6\"></span>la con<span class=\"_ _6\"></span>cesi\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dominio <span class=\"_ _6\"></span>p\u00fablico sobre <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>asienta <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>planta <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>Pontevedra <span class=\"_ _10\"></span>fue <span class=\"_ _15\"></span>impugnad<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>primero <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>\u00eda <span class=\"_ _10\"></span>administrativa <span class=\"_ _15\"></span>y posteriormente <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>v\u00eda <span class=\"_ _10\"></span>contenciosa, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Ayuntam<span class=\"_ _6\"></span>iento <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Pontevedra <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>dos <span class=\"_ _10\"></span>Asociaciones<span class=\"_ _6\"></span>: <span class=\"_ _15\"></span>Greenpea<span class=\"_ _6\"></span>ce Espa\u00f1a y la As<span class=\"_ _6\"></span>ociaci\u00f3n por la Defens<span class=\"_ _6\"></span>a de la R\u00eda de Pontev<span class=\"_ _6\"></span>edra (en adelante APDR).<span class=\"_ _15\"></span> Dichas im<span class=\"_ _1\"></span>pugnaciones dieron <span class=\"_ _e\"></span>lugar a <span class=\"_ _e\"></span>tres procedimientos <span class=\"_ _1\"></span>judiciales <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>eguidos ante <span class=\"_ _e\"></span>la Sala <span class=\"_ _a\"></span>de lo Contencioso-<span class=\"_ _33\"> </span>Administrativo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Aud<span class=\"_ _6\"></span>iencia <span class=\"_ _10\"></span>N<span class=\"_ _6\"></span>acional <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>fueron <span class=\"_ _0\"></span>resueltos <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>dicha <span class=\"_ _0\"></span>Sala <span class=\"_ _10\"></span>mediante <span class=\"_ _0\"></span>sentencias <span class=\"_ _0\"></span>15 <span class=\"_ _0\"></span>de Julio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2021 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>21 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>septiembre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2021, <span class=\"_ _10\"></span>estimando <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>recurs<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>interpuestos <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>Greenpeace <span class=\"_ _10\"></span>Espa\u00f1<span class=\"_ _6\"></span>a,<span class=\"_ _1\"></span> por el <span class=\"_ _6\"></span>Ayuntamiento <span class=\"_ _6\"></span>de Pon<span class=\"_ _6\"></span>tevedra y <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>APDR, y <span class=\"_ _6\"></span>anulando la <span class=\"_ _6\"></span>Resoluci\u00f3n<span class=\"_ _6\"></span> Ministerial d<span class=\"_ _6\"></span>e 20 <span class=\"_ _6\"></span>de enero <span class=\"_ _6\"></span>de 2016 de pr\u00f3rroga de <span class=\"_ _1\"></span>la concesi\u00f3n, por entender que la misma no justifica la necesidad de <span class=\"_ _1\"></span>que la  biof\u00e1brica de <span class=\"_ _e\"></span>celulosa <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>ENCE e<span class=\"_ _1\"></span>n <span class=\"_ _e\"></span>Pontev<span class=\"_ _6\"></span>edra, <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>naturaleza, <span class=\"_ _e\"></span>deba <span class=\"_ _1\"></span>tener <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _e\"></span>ubicaci\u00f3n <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>omi<span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>io <span class=\"_ _e\"></span>p\u00fa<span class=\"_ _6\"></span>blico <span class=\"_ _e\"></span>mar\u00edtimo terrestre ni se alegan razon<span class=\"_ _6\"></span>es de inter\u00e9s p\u00fa<span class=\"_ _6\"></span>blico para defender la ub<span class=\"_ _6\"></span>icaci\u00f3n actual d<span class=\"_ _6\"></span>e la biof\u00e1brica.<span class=\"_ _6\"></span> ENCE <span class=\"_ _6\"></span>formul\u00f3 <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>fecha <span class=\"_ _6\"></span>28 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>septiembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2021 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>29 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>oviembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2021 <span class=\"_ _15\"></span>recursos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>casaci\u00f3n <span class=\"_ _15\"></span>ante el <span class=\"_ _15\"></span>Tribunal <span class=\"_ _15\"></span>Su<span class=\"_ _6\"></span>premo <span class=\"_ _15\"></span>contra <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>entencias <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>ictadas <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Audiencia <span class=\"_ _15\"></span>Nacion<span class=\"_ _6\"></span>al, <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>cuales <span class=\"_ _15\"></span>fueron <span class=\"_ _15\"></span>resueltos<span class=\"_ _6\"></span> mediante sentencias <span class=\"_ _1\"></span>favorables<span class=\"_ _6\"></span> de <span class=\"_ _1\"></span>6 de <span class=\"_ _e\"></span>marzo de 2023, <span class=\"_ _1\"></span>en las <span class=\"_ _1\"></span>que el <span class=\"_ _e\"></span>Tribun<span class=\"_ _6\"></span>al Supremo <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>tima los <span class=\"_ _1\"></span> recursos<span class=\"_ _1\"></span> de <span class=\"_ _6\"></span>cas<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>interpuesto<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Sociedad <span class=\"_ _15\"></span>contra <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>entencias <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Audiencia <span class=\"_ _15\"></span>Nacion<span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>15 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ju<span class=\"_ _6\"></span>lio <span class=\"_ _15\"></span>de 2021, <span class=\"_ _19\"> </span>dictadas <span class=\"_ _19\"> </span>en <span class=\"_ _1b\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span> <span class=\"_ _19\"> </span>procedimientos <span class=\"_ _19\"> </span>iniciados, <span class=\"_ _19\"> </span>respectivamente, <span class=\"_ _19\"> </span>por <span class=\"_ _1b\"> </span>Greenp<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>ace <span class=\"_ _19\"> </span>Espa\u00f1a <span class=\"_ _19\"> </span>y <span class=\"_ _19\"> </span>el<span class=\"_ _1\"></span> Ayuntamiento de Pon<span class=\"_ _6\"></span>tevedra. Ambas <span class=\"_ _10\"></span>sentencias <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Tribun<span class=\"_ _6\"></span>al <span class=\"_ _10\"></span>Supremo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>eclaran <span class=\"_ _10\"></span>nulas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>citadas <span class=\"_ _10\"></span>sentencias<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Aud<span class=\"_ _6\"></span>iencia <span class=\"_ _15\"></span>N<span class=\"_ _6\"></span>acional <span class=\"_ _10\"></span>y confirman la legalidad<span class=\"_ _6\"></span> de la p<span class=\"_ _6\"></span>r\u00f3rroga de la conc<span class=\"_ _6\"></span>esi\u00f3n y,<span class=\"_ _6\"></span> por tanto, el p<span class=\"_ _6\"></span>lazo de duraci\u00f3n<span class=\"_ _6\"></span> de 60 a\u00f1os<span class=\"_ _6\"></span> de esta, el cual <span class=\"_ _6\"></span>se computa<span class=\"_ _6\"></span> desd<span class=\"_ _6\"></span>e el d\u00ed<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>de solicitud<span class=\"_ _15\"></span> de <span class=\"_ _6\"></span>la pr\u00f3<span class=\"_ _6\"></span>rroga. Contra <span class=\"_ _6\"></span>dichas <span class=\"_ _6\"></span>sentencias<span class=\"_ _6\"></span> del Tribunal <span class=\"_ _6\"></span>Supremo no cabe recurso ord<span class=\"_ _6\"></span>inario.  La Abogac\u00eda del Es<span class=\"_ _6\"></span>tado, el Ayun<span class=\"_ _6\"></span>tamiento de Pontevedra y<span class=\"_ _6\"></span> Green Peace pro<span class=\"_ _6\"></span>movieron incid<span class=\"_ _6\"></span>entes de nulidad de <span class=\"_ _e\"></span>actuacion<span class=\"_ _6\"></span>es <span class=\"_ _e\"></span>contra<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>sentencias <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>Tribunal <span class=\"_ _1\"></span>Supremo. <span class=\"_ _e\"></span>Estos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>incidentes <span class=\"_ _1\"></span>fueron <span class=\"_ _e\"></span>resueltos me<span class=\"_ _1\"></span>diante <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>to por el Tribunal Supremo des<span class=\"_ _6\"></span>estimando la<span class=\"_ _6\"></span> nulidad<span class=\"_ _6\"></span> de las s<span class=\"_ _6\"></span>entencias y confirmando s<span class=\"_ _6\"></span>u validez. <span class=\"_ _6\"></span> En la actualidad se est\u00e1 tramitando el <span class=\"_ _1\"></span>recurso de casaci\u00f3n interpuesto por ENCE y <span class=\"_ _1\"></span>otras entidades contra la sentencia d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>Audiencia Nacional <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el procedimiento <span class=\"_ _6\"></span>interpuesto<span class=\"_ _6\"></span> por <span class=\"_ _6\"></span>la APDR, <span class=\"_ _6\"></span>tambi\u00e9n relacion<span class=\"_ _6\"></span>ado con la <span class=\"_ _e\"></span>pr\u00f3rroga de <span class=\"_ _a\"></span>la concesi\u00f3n <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ued\u00f3 <span class=\"_ _e\"></span>en suspenso <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>ecisi\u00f3n <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>Tribunal <span class=\"_ _e\"></span>Su<span class=\"_ _6\"></span>premo <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>asta <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>tramitaci\u00f3n<span class=\"_ _33\"> </span>de <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>otros <span class=\"_ _11\"></span>dos <span class=\"_ _0\"></span>recursos<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>ya <span class=\"_ _0\"></span>resueltos <span class=\"_ _11\"></span>favorablemente. <span class=\"_ _11\"></span>Se <span class=\"_ _0\"></span>es<span class=\"_ _6\"></span>pera <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>recurso <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>res<span class=\"_ _6\"></span>uelva <span class=\"_ _11\"></span>mediante sentencia dictada <span class=\"_ _6\"></span>en los mismos t\u00e9rminos<span class=\"_ _6\"></span> que los dos recurs<span class=\"_ _6\"></span>os anteriores. <span class=\"_ _6\"></span> Tanto <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>Abogac\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Ay<span class=\"_ _6\"></span>untamiento <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Pontevedra <span class=\"_ _0\"></span>han <span class=\"_ _11\"></span>presentado <span class=\"_ _0\"></span>sendos <span class=\"_ _0\"></span>recurs<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>de amparo <span class=\"_ _25\"> </span>ante <span class=\"_ _25\"> </span>el <span class=\"_ _25\"> </span>Tribunal <span class=\"_ _25\"> </span>Constit<span class=\"_ _6\"></span>ucional, <span class=\"_ _25\"> </span>habiendo <span class=\"_ _25\"> </span>sido <span class=\"_ _25\"> </span>inadmitido <span class=\"_ _25\"> </span>el <span class=\"_ _25\"> </span>primero <span class=\"_ _25\"> </span>de <span class=\"_ _25\"> </span>ello. <span class=\"_ _25\"> </span>No <span class=\"_ _25\"> </span>hay<span class=\"_ _6\"></span> pronunciamiento au<span class=\"_ _6\"></span>n sobre la admisi\u00f3n<span class=\"_ _6\"></span> del segundo<span class=\"_ _6\"></span><span class=\"ff2 fs1\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "31.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Provisiones, garant\u00edas y pasivos continge<span class=\"_ _1\"></span>ntes<span class=\"_ _33\"> </span></span></span>31.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Activos y pa<span class=\"_ _1\"></span>sivos continge<span class=\"_ _1\"></span>ntes  </span></span>Al <span class=\"_ _15\"></span>cierre <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>ej<span class=\"_ _6\"></span>ercicio <span class=\"_ _15\"></span>20<span class=\"_ _6\"></span>24, <span class=\"_ _15\"></span>e<span class=\"_ _6\"></span>l <span class=\"_ _15\"></span>Grupo <span class=\"_ _10\"></span>mantiene <span class=\"_ _10\"></span>reclamacio<span class=\"_ _6\"></span>nes <span class=\"_ _15\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>controv<span class=\"_ _6\"></span>ersias <span class=\"_ _15\"></span>legales <span class=\"_ _10\"></span>como <span class=\"_ _10\"></span>consecuencia<span class=\"_ _6\"></span> natural de su<span class=\"_ _6\"></span> negocio. Se resumen a con<span class=\"_ _6\"></span>tinuaci\u00f3n las<span class=\"_ _6\"></span> reclamaciones m\u00e1s significativ<span class=\"_ _6\"></span>as<span class=\"_ _6\"></span><span class=\"ls24\">: </span> Cultivos energ\u00e9ticos<span class=\"_ _6\"></span>- En <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>ejercicios <span class=\"_ _15\"></span>2013 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>201<span class=\"_ _6\"></span>4 <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>aprob<span class=\"_ _6\"></span>aron <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>conju<span class=\"_ _6\"></span>nto <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>isposiciones <span class=\"_ _15\"></span>n<span class=\"_ _6\"></span>ormativas: <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Orden <span class=\"_ _15\"></span>Ministerial IET/1045/2014, de 16 d<span class=\"_ _6\"></span>e junio, p<span class=\"_ _6\"></span>or la que s<span class=\"_ _6\"></span>e aprueban los par\u00e1metros retribu<span class=\"_ _6\"></span>tivos de las ins<span class=\"_ _6\"></span>talaciones tipo<span class=\"_ _6\"></span> aplicables <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>determinadas <span class=\"_ _10\"></span>instalaciones <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>pro<span class=\"_ _6\"></span>ducci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>tir <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>fuentes <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>energ\u00eda renovables, cogeneraci\u00f3n y residuos, dictada en desarrollo <span class=\"_ _1\"></span>de lo previsto en <span class=\"_ _1\"></span>el Real <span class=\"_ _1\"></span>Decreto 413/2014, de 6 de Jun<span class=\"_ _6\"></span>io, por el <span class=\"_ _6\"></span>que se regula <span class=\"_ _6\"></span>la activid<span class=\"_ _6\"></span>ad de p<span class=\"_ _6\"></span>roducci\u00f3n de energ\u00eda <span class=\"_ _6\"></span>el\u00e9ctrica <span class=\"_ _6\"></span>a part<span class=\"_ _15\"></span>ir <span class=\"_ _6\"></span>de fuentes <span class=\"_ _6\"></span>de energ\u00eda renovables, cogeneraci\u00f3n y residu<span class=\"_ _6\"></span>os, ambas dictadas en desarrollo y aplicaci\u00f3n de la Ley 24/2013, de 26 de diciembre, <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>Sector <span class=\"_ _12\"> </span>El\u00e9ctrico <span class=\"_ _12\"> </span>y <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>Real <span class=\"_ _12\"> </span>Decreto-l<span class=\"_ _6\"></span>ey <span class=\"_ _11\"> </span>9/2013, <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>12 <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>julio, <span class=\"_ _12\"> </span>por <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>adopta<span class=\"_ _6\"></span>ron medidas <span class=\"_ _18\"> </span>urgentes <span class=\"_ _1e\"> </span>para <span class=\"_ _1e\"> </span>garantizar <span class=\"_ _18\"> </span>la <span class=\"_ _1e\"> </span>estabilidad <span class=\"_ _1e\"> </span>financiera <span class=\"_ _18\"> </span>del <span class=\"_ _18\"> </span>sis<span class=\"_ _6\"></span>tema <span class=\"_ _18\"> </span>el\u00e9ctrico, <span class=\"_ _18\"> </span>q<span class=\"_ _6\"></span>ue <span class=\"_ _18\"> </span>modificaron <span class=\"_ _1e\"> </span>el esquema <span class=\"_ _11\"> </span>retributivo <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>r\u00e9gimen <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>tributaci\u00f3n <span class=\"_ _11\"> </span>aplicab<span class=\"_ _6\"></span>le <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>instalaciones <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>generaci\u00f3n <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>energ\u00eda renovable, <span class=\"_ _11\"></span>incluida <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _11\"> </span>y <span class=\"_ _11\"></span>cogeneraci\u00f3n <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>biomasa. <span class=\"_ _11\"></span>Esta <span class=\"_ _11\"></span>nueva <span class=\"_ _11\"> </span>regulaci\u00f3n, <span class=\"_ _11\"> </span>que <span class=\"_ _11\"> </span>en <span class=\"_ _0\"></span>t\u00e9rminos<span class=\"_ _6\"></span> retributivos equiparab<span class=\"_ _6\"></span>a los cultivos energ\u00e9ticos a <span class=\"_ _1\"></span>los restos forestales y agr\u00edcolas, oblig\u00f3 a ENCE a iniciar un proceso <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>ab<span class=\"_ _6\"></span>andonar o<span class=\"_ _6\"></span>rdenada <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>definitivamente <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>gesti\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las <span class=\"_ _6\"></span>plan<span class=\"_ _6\"></span>taciones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>cultivos <span class=\"_ _6\"></span>energ\u00e9ticos desarrolladas<span class=\"_ _6\"></span>, <span class=\"_ _15\"></span>incluyendo <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>resolu<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>contratos <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>arr<span class=\"_ _6\"></span>endamientos, <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>consiguiente <span class=\"_ _15\"></span>det<span class=\"_ _6\"></span>erioro <span class=\"_ _15\"></span>de las inversion<span class=\"_ _6\"></span>es realizadas y la dotaci\u00f3n d<span class=\"_ _6\"></span>e las necesarias p<span class=\"_ _6\"></span>rovisiones.<span class=\"_ _33\"> </span>Como consecuencia de <span class=\"_ _1\"></span>ello, el <span class=\"_ _1\"></span>14 de <span class=\"_ _e\"></span>julio<span class=\"_ _6\"></span> de <span class=\"_ _1\"></span>2014, ENCE y <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>eterminadas<span class=\"_ _6\"></span> sociedades del <span class=\"_ _e\"></span>Grup<span class=\"_ _6\"></span>o (en <span class=\"_ _e\"></span>ad<span class=\"_ _6\"></span>elante \u201cENCE\u201d), <span class=\"_ _12\"> </span>presentaro<span class=\"_ _6\"></span>n <span class=\"_ _12\"> </span>ante <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>enton<span class=\"_ _6\"></span>ces <span class=\"_ _12\"> </span>Ministerio <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>Indu<span class=\"_ _6\"></span>stria, <span class=\"_ _12\"> </span>Energ\u00eda <span class=\"_ _12\"> </span>y <span class=\"_ _12\"> </span>Turismo <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>reclamaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de Responsabilidad<span class=\"_ _6\"></span> <span class=\"_ _19\"> </span>Patrimonial <span class=\"_ _19\"> </span>de <span class=\"_ _1b\"> </span>la <span class=\"_ _19\"> </span>Administraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _19\"> </span>Ge<span class=\"ff6\">n<span class=\"_ _6\"></span>eral <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>Estado <span class=\"_ _19\"> </span>(en <span class=\"_ _1b\"> </span>adelan<span class=\"_ _6\"></span>te <span class=\"_ _19\"> </span>\u201cRPA\u201d), <span class=\"_ _19\"> </span>cuya </span>cuantificaci\u00f3n <span class=\"_ _0\"></span>final,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>seg\u00fan <span class=\"_ _11\"></span>informes <span class=\"_ _0\"></span>elabo<span class=\"_ _6\"></span>rados <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _11\"></span>experto <span class=\"_ _0\"></span>independiente, <span class=\"_ _11\"></span>ascendi\u00f3 <span class=\"_ _0\"></span>a <span class=\"_ _11\"> </span>la <span class=\"_ _0\"></span>cuan<span class=\"_ _6\"></span>t\u00eda <span class=\"_ _0\"></span>de 63.300 miles \u20ac.<span class=\"ff4\"> </span>Con fecha 17 de <span class=\"_ _6\"></span>febrero de 2<span class=\"_ _6\"></span>021 ENCE present\u00f3<span class=\"_ _6\"></span> un escrito <span class=\"_ _6\"></span>ante el Ministerio p<span class=\"_ _6\"></span>ara la <span class=\"_ _6\"></span>Transici\u00f3n E<span class=\"_ _6\"></span>col\u00f3gica y el <span class=\"_ _e\"></span>Reto <span class=\"_ _e\"></span>D<span class=\"_ _6\"></span>emogr\u00e1fico, <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>oy <span class=\"_ _e\"></span>com<span class=\"_ _6\"></span>petente <span class=\"_ _e\"></span>en materia <span class=\"_ _a\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>energ\u00eda<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>reiterando<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>solicitud <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>Administraci\u00f3n <span class=\"_ _1\"></span>para<span class=\"_ _33\"> </span>que <span class=\"_ _0\"></span>dictase <span class=\"_ _0\"></span>resoluci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>expres<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>expedi<span class=\"_ _6\"></span>ente <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>RPA <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>lanteado, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cual <span class=\"_ _11\"></span>evaluar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>posible<span class=\"_ _6\"></span> ejercicio de acciones ulterior<span class=\"_ _6\"></span>es. <span class=\"_ _6\"></span> Con <span class=\"_ _6\"></span>fecha <span class=\"_ _15\"></span>15 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>oviembre <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Ence <span class=\"_ _15\"></span>recibi\u00f3 <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>ficio <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Secretaria<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>General <span class=\"_ _15\"></span>T\u00e9cnica <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>Minis<span class=\"_ _6\"></span>terio para <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>Transici\u00f3n <span class=\"_ _6\"></span>E<span class=\"_ _6\"></span>nerg\u00e9tica <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>Reto <span class=\"_ _6\"></span>Demogr\u00e1<span class=\"_ _6\"></span>fico <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>trav\u00e9s <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>cual <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>daba <span class=\"_ _15\"></span>traslado <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>un <span class=\"_ _6\"></span>in<span class=\"_ _6\"></span>forme <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la Direcci\u00f3n <span class=\"_ _1c\"> </span>General <span class=\"_ _17\"> </span>de <span class=\"_ _1c\"> </span>Pol\u00edtica <span class=\"_ _1c\"> </span>Energ\u00e9tica <span class=\"_ _1c\"> </span>y <span class=\"_ _17\"> </span>M<span class=\"_ _6\"></span>inas <span class=\"_ _1c\"> </span>(Informe <span class=\"_ _17\"> </span>DGPEM) <span class=\"_ _1c\"> </span>en <span class=\"_ _1c\"> </span>el <span class=\"_ _17\"> </span>que <span class=\"_ _1c\"> </span>se <span class=\"_ _17\"> </span>con<span class=\"_ _6\"></span>clu\u00eda <span class=\"_ _1c\"> </span>que <span class=\"_ _17\"> </span>la indemnizaci\u00f3n <span class=\"_ _10\"></span>reclamada <span class=\"_ _10\"></span>no <span class=\"_ _10\"></span>era <span class=\"_ _10\"></span>procedente. <span class=\"_ _0\"></span> El <span class=\"_ _15\"></span>29/11/20<span class=\"_ _6\"></span>23, <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>present\u00f3 <span class=\"_ _10\"></span>alegaciones <span class=\"_ _10\"></span>controvirtiend<span class=\"_ _6\"></span>o las <span class=\"_ _0\"></span>con<span class=\"_ _6\"></span>sideraciones <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>Informe <span class=\"_ _0\"></span>DGPEM <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>solicit\u00f3 <span class=\"_ _11\"></span>acceso <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>vista <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>expediente <span class=\"_ _11\"></span>sin <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>hasta <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>fecha <span class=\"_ _0\"></span>la Administracion hay<span class=\"_ _6\"></span>a contestado.<span class=\"_ _6\"></span> Adem\u00e1s, <span class=\"_ _1c\"> </span>ENCE <span class=\"_ _1c\"> </span>ha <span class=\"_ _1c\"> </span>reit<span class=\"_ _6\"></span>erado <span class=\"_ _1c\"> </span>y <span class=\"_ _1c\"> </span>recordado, <span class=\"_ _1c\"> </span>en <span class=\"_ _1c\"> </span>diversas<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>ocas<span class=\"_ _6\"></span>iones, <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>obligaci\u00f3n <span class=\"_ _1c\"> </span>que <span class=\"_ _1c\"> </span>pesa <span class=\"_ _1b\"> </span>sobre <span class=\"_ _1c\"> </span>la Administraci\u00f3n de reso<span class=\"_ _6\"></span>lver, en tiempo y forma,<span class=\"_ _6\"></span> la solicitud d<span class=\"_ _6\"></span>e RPA formulada en e<span class=\"_ _6\"></span>l a\u00f1o 2014.<span class=\"_ _15\"></span> Ante el <span class=\"_ _e\"></span>sil<span class=\"_ _6\"></span>encio de <span class=\"_ _e\"></span>la solicitud de RPA, <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span> fecha <span class=\"_ _1\"></span>10 de <span class=\"_ _e\"></span>f<span class=\"_ _6\"></span>ebrero de <span class=\"_ _1\"></span>2023 ENCE interpuso recurso <span class=\"_ _1\"></span>contencioso administrativo <span class=\"_ _12\"> </span>y, <span class=\"_ _11\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>fecha <span class=\"_ _11\"> </span>21 <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>junio <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>2<span class=\"_ _6\"></span>023, <span class=\"_ _11\"> </span>pres<span class=\"_ _6\"></span>ent\u00f3 <span class=\"_ _11\"> </span>escrito<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>de<span class=\"_ _6\"></span>manda <span class=\"_ _11\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>fu<span class=\"_ _6\"></span>ndamento <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el instituto <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>RPA <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>bas<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>inviabilidad<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>total <span class=\"_ _6\"></span>gener<span class=\"_ _6\"></span>ada <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>nuev<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>marco <span class=\"_ _6\"></span>regulat<span class=\"_ _6\"></span>orio, <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>partir <span class=\"_ _6\"></span>de 2013<span class=\"ls0_1\">-2014,  para  e<span class=\"_ _1\"></span>l  modelo <span class=\"_ _1a\"> </span>de  generaci\u00f3n <span class=\"_ _12\"> </span>de  energ\u00eda  el\u00e9ctrica <span class=\"_ _12\"> </span>m<span class=\"_ _6\"></span>ediante  la <span class=\"_ _12\"> </span>u<span class=\"_ _6\"></span>tilizaci\u00f3n  de  los <span class=\"_ _12\"> </span>cu<span class=\"_ _6\"></span>ltivos </span>energ\u00e9ticos, <span class=\"_ _f\"> </span>inviab<span class=\"_ _6\"></span>ilidad <span class=\"_ _f\"> </span>que <span class=\"_ _f\"> </span>determin\u00f3 <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>generaci\u00f3<span class=\"_ _6\"></span>n <span class=\"_ _f\"> </span>de <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>da\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _f\"> </span>real, <span class=\"_ _f\"> </span>efectivo <span class=\"_ _f\"> </span>y <span class=\"_ _f\"> </span>evalu<span class=\"_ _6\"></span>able<span class=\"_ _33\"> </span>econ\u00f3micamente, <span class=\"_ _6\"></span>vinculad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>directamente <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>finalizaci\u00f3n <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>completo <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>tod<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>proceso <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>roductivo <span class=\"_ _6\"></span>de ENCE con los<span class=\"_ _6\"></span> cultivos energ\u00e9ticos. <span class=\"_ _6\"></span>El recurso est\u00e1 p<span class=\"_ _6\"></span>endiente de fijaci\u00f3n de fe<span class=\"_ _6\"></span>cha para vo<span class=\"_ _6\"></span>taci\u00f3n y fallo.<span class=\"_ _15\"></span> Regulaci\u00f3n sec<span class=\"_ _6\"></span>tor el\u00e9ctrico<span class=\"_ _6\"></span> - Las <span class=\"_ _11\"></span>sociedades <span class=\"_ _11\"></span>del <span class=\"_ _0\"></span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>como <span class=\"_ _11\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _11\"> </span>su <span class=\"_ _12\"> </span>actividad <span class=\"_ _11\"> </span>est\u00e1n <span class=\"_ _11\"> </span>afectadas <span class=\"_ _11\"></span>por <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>regulaci\u00f3n <span class=\"_ _11\"> </span>del <span class=\"_ _11\"></span>sector el\u00e9ctrico, <span class=\"_ _19\"> </span>han <span class=\"_ _25\"> </span>interpuesto <span class=\"_ _19\"> </span>recursos <span class=\"_ _25\"> </span>contencioso<span class=\"_ _6\"></span>-administra<span class=\"_ _6\"></span>tivos, <span class=\"_ _19\"> </span>ante <span class=\"_ _25\"> </span>la <span class=\"_ _19\"> </span>Sala <span class=\"_ _19\"> </span>de <span class=\"_ _19\"> </span>lo <span class=\"_ _19\"> </span>Contencios<span class=\"_ _6\"></span>o<span class=\"_ _6\"></span>-<span class=\"_ _33\"> </span>Administrativo <span class=\"_ _15\"></span>del <span class=\"_ _6\"></span>Tribunal <span class=\"_ _15\"></span>Supremo, <span class=\"_ _15\"></span>frente <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>las <span class=\"_ _6\"></span>\u00d3rdenes<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Ministeriales <span class=\"_ _15\"></span>TED/1232/2022<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>TED/1295/<span class=\"_ _6\"></span>2022, TED/741/2023 y <span class=\"_ _e\"></span>/353/2024 <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span> <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>que se <span class=\"_ _e\"></span>establecen <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>par\u00e1metros <span class=\"_ _1\"></span>retributivos para <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>ins<span class=\"_ _6\"></span>talaciones tip<span class=\"_ _1\"></span>o aplicables <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>determinadas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>instalaciones <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>producci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>energ\u00eda <span class=\"_ _15\"></span>el\u00e9ctrica <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>partir <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>fuentes <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>energ\u00eda renovables, <span class=\"_ _6\"></span>cogeneraci\u00f3n y<span class=\"_ _6\"></span> residuo<span class=\"_ _6\"></span>s a <span class=\"_ _6\"></span>efectos <span class=\"_ _6\"></span>de s<span class=\"_ _6\"></span>u aplicaci\u00f3n <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>los dos <span class=\"_ _6\"></span>semestres de <span class=\"_ _6\"></span>los ejercicios<span class=\"_ _6\"></span> 2022 <span class=\"_ _6\"></span>y 2023.<span class=\"ls0_1\"> </span>En  cuanto  a <span class=\"_ _12\"> </span>los<span class=\"_ _6\"></span>  recursos  co<span class=\"_ _1\"></span>ntencioso<span class=\"_ _6\"></span>-administrativo<span class=\"_ _6\"></span>  interpuestos  contra  la <span class=\"_ _12\"> </span>Orden  TED/1232/2022,  el Tribunal <span class=\"_ _18\"> </span>Supremo <span class=\"_ _18\"> </span>acord\u00f3, <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>su <span class=\"_ _18\"> </span>momento,  la <span class=\"_ _18\"> </span>tra<span class=\"_ _6\"></span>mitaci\u00f3n <span class=\"_ _18\"> </span>como <span class=\"_ _18\"> </span>preferentes  d<span class=\"_ _6\"></span>e  v<span class=\"_ _6\"></span>arios <span class=\"_ _18\"> </span>recursos <span class=\"_ _18\"> </span>por tecnolog\u00eda, <span class=\"_ _6\"></span>incluid<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>4 <span class=\"_ _6\"></span>interpuesto<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>po<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>ENCE. <span class=\"_ _15\"></span>En <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>actualida<span class=\"_ _6\"></span>d<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>estos <span class=\"_ _15\"></span>recursos <span class=\"_ _15\"></span>est\u00e1n <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>fase <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>fijaci\u00f3n <span class=\"_ _15\"></span>de d\u00eda para vo<span class=\"_ _6\"></span>taci\u00f3n y fallo.  Los <span class=\"_ _1c\"> </span>recurso<span class=\"_ _6\"></span>s <span class=\"_ _1c\"> </span>interpuestos <span class=\"_ _1b\"> </span>contra <span class=\"_ _1c\"> </span>la <span class=\"_ _1c\"> </span>Ord<span class=\"_ _6\"></span>en <span class=\"_ _1c\"> </span>TED/1295/2022, <span class=\"_ _1b\"> </span>se <span class=\"_ _1c\"> </span>encuentran <span class=\"_ _1c\"> </span>to<span class=\"_ _6\"></span>dos <span class=\"_ _1c\"> </span>suspend<span class=\"_ _6\"></span>idos <span class=\"_ _1c\"> </span>por tramitaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>otros <span class=\"_ _10\"></span>recurs<span class=\"_ _6\"></span>os. <span class=\"_ _10\"></span>En <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>caso <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>recursos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>interpuesto<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>contra <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Orden <span class=\"_ _10\"></span>TED/741<span class=\"_ _6\"></span>/2023, <span class=\"_ _10\"></span>el Tribunal <span class=\"_ _18\"> </span>Supremo <span class=\"_ _18\"> </span>ha <span class=\"_ _18\"> </span>tramit<span class=\"_ _6\"></span>ado <span class=\"_ _18\"> </span>todos <span class=\"_ _18\"> </span>los <span class=\"_ _18\"> </span>recurso<span class=\"_ _6\"></span>s <span class=\"_ _18\"> </span>interpuest<span class=\"_ _6\"></span>os, <span class=\"_ _18\"> </span>hab<span class=\"_ _6\"></span>i\u00e9ndose <span class=\"_ _18\"> </span>presentado <span class=\"_ _18\"> </span>escritos <span class=\"_ _18\"> </span>de conclusiones.<span class=\"_ _6\"></span> Por lo <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>respecta a <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>recursos <span class=\"_ _6\"></span>contra <span class=\"_ _6\"></span>la Ord<span class=\"_ _6\"></span>en TED/353/2024, <span class=\"_ _6\"></span>est\u00e1n en <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>fase <span class=\"_ _6\"></span>inicial, <span class=\"_ _6\"></span>se ha <span class=\"_ _6\"></span>formulado escrito <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>demanda <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>uno de <span class=\"_ _e\"></span>ellos <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>el <span class=\"_ _e\"></span>resto<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>critos de <span class=\"_ _e\"></span>demanda se <span class=\"_ _e\"></span>presentar\u00e1n en <span class=\"_ _e\"></span>los meses <span class=\"_ _e\"></span>de enero y febrero de 2025.<span class=\"_ _33\"> </span>La <span class=\"_ _11\"></span>impugnaci\u00f3n <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>fundamenta,<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _11\"></span>lado, <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>que <span class=\"_ _11\"></span>la <span class=\"_ _10\"></span>no<span class=\"_ _6\"></span>rmativa <span class=\"_ _11\"></span>aprobada <span class=\"_ _11\"></span>tiene <span class=\"_ _0\"></span>car\u00e1cter <span class=\"_ _11\"> </span>retroactivo, prohibido <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>el ordenamient<span class=\"_ _6\"></span>o ju<span class=\"_ _6\"></span>r\u00eddico, en <span class=\"_ _6\"></span>el incu<span class=\"_ _6\"></span>mplimien<span class=\"_ _6\"></span>to de <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>plazos <span class=\"_ _6\"></span>establecidos <span class=\"_ _6\"></span>en relaci\u00f3n<span class=\"_ _6\"></span> con <span class=\"_ _6\"></span>el r\u00e9gimen retrib<span class=\"_ _6\"></span>utivo <span class=\"_ _6\"></span>contenido <span class=\"_ _6\"></span>en la <span class=\"_ _6\"></span>Ley <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Secto<span class=\"_ _6\"></span>r E<span class=\"_ _6\"></span>l\u00e9ctrico <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>en el <span class=\"_ _6\"></span>Real <span class=\"_ _6\"></span>Decreto <span class=\"_ _6\"></span>413/20<span class=\"_ _6\"></span>14, adem\u00e1s<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>ser arbitraria <span class=\"_ _11\"></span>y <span class=\"_ _0\"></span>contraria <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>principios <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>buena <span class=\"_ _11\"></span>regulaci\u00f3n. <span class=\"_ _0\"></span>Por <span class=\"_ _11\"></span>otro <span class=\"_ _0\"></span>lado, <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>acredita <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>vulneraci\u00f3n <span class=\"_ _0\"></span>del principio <span class=\"_ _23\"> </span>de <span class=\"_ _25\"> </span>su<span class=\"_ _6\"></span>ficiencia <span class=\"_ _25\"> </span>retributiva.<span class=\"_ _6\"></span> <span class=\"_ _25\"> </span>Adicion<span class=\"_ _6\"></span>almente, <span class=\"_ _25\"> </span>se <span class=\"_ _23\"> </span>impugna <span class=\"_ _25\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _25\"> </span>manera <span class=\"_ _23\"> </span>indirecta <span class=\"_ _23\"> </span>la <span class=\"_ _25\"> </span>Orde<span class=\"_ _15\"></span><span class=\"ls1a\">n </span>IET/1345/2015 <span class=\"_ _6\"></span>y s<span class=\"_ _6\"></span>e solicita <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Tribunal <span class=\"_ _6\"></span>Supremo q<span class=\"_ _6\"></span>ue plante<span class=\"_ _6\"></span>e un<span class=\"_ _6\"></span>a cuesti\u00f3<span class=\"_ _6\"></span>n de <span class=\"_ _6\"></span>inconstitu<span class=\"_ _6\"></span>cionalidad <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>el Real De<span class=\"_ _1\"></span>creto-ley 6/2022. Adem\u00e1s de <span class=\"_ _e\"></span>argumentos<span class=\"_ _6\"></span> de <span class=\"_ _e\"></span>car\u00e1cter jur\u00eddico, la <span class=\"_ _1\"></span>impugnaci\u00f3n se <span class=\"_ _e\"></span>fundamenta<span class=\"_ _6\"></span> en <span class=\"_ _e\"></span>un<span class=\"_ _33\"> </span>an\u00e1lisis <span class=\"_ _15\"></span>pericial <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>determina <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>existencia <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>impacto <span class=\"_ _6\"></span>econ\u00f3mico <span class=\"_ _15\"></span>re<span class=\"_ _6\"></span>levante, <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>medida <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>las \u00d3rdenes  im<span class=\"_ _1\"></span>pugnadas<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>fijan<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>una  retribuci\u00f3n <span class=\"_ _12\"> </span>a  la <span class=\"_ _12\"> </span>operaci\u00f3n  alejada <span class=\"_ _12\"> </span>de  los <span class=\"_ _12\"> </span>costes  re<span class=\"_ _1\"></span>ales,  vulnerando <span class=\"_ _12\"> </span>su derecho a recibir un r\u00e9gimen <span class=\"_ _6\"></span>retributivo en lo<span class=\"_ _6\"></span>s t\u00e9r<span class=\"_ _6\"></span>minos legal y reglamentaria<span class=\"_ _6\"></span>mente previsto<span class=\"_ _6\"></span>s. Por <span class=\"_ _0\"></span>\u00faltimo, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>pres<span class=\"_ _6\"></span>entado <span class=\"_ _0\"></span>escrito <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>interpo<span class=\"_ _6\"></span>sici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>recurs<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>contencioso <span class=\"_ _0\"></span>ad<span class=\"_ _6\"></span>ministrativo <span class=\"_ _0\"></span>frente <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la Orden <span class=\"_ _1a\"> </span>TED/526/2024, <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>31<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>mayo,  por <span class=\"_ _12\"> </span>la  q<span class=\"_ _1\"></span>ue <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>establece  la <span class=\"_ _11\"> </span>metodo<span class=\"_ _6\"></span>log\u00eda <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>ac<span class=\"_ _6\"></span>tualizaci\u00f3n  de <span class=\"_ _12\"> </span>la retribuci\u00f3n <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _11\"> </span>opera<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>las <span class=\"_ _0\"></span>ins<span class=\"_ _6\"></span>talaciones <span class=\"_ _11\"> </span>tipo <span class=\"_ _11\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>generaci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>energ\u00eda <span class=\"_ _11\"></span>el\u00e9ctrica <span class=\"_ _11\"></span>cuyos <span class=\"_ _11\"></span>costes <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e explotaci\u00f3n <span class=\"_ _6\"></span>dependan<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>esencialmente d<span class=\"_ _6\"></span>el p<span class=\"_ _6\"></span>recio d<span class=\"_ _6\"></span>el comb<span class=\"_ _6\"></span>ustib<span class=\"_ _6\"></span>le y<span class=\"_ _6\"></span> se <span class=\"_ _6\"></span>actualiz<span class=\"_ _6\"></span>an s<span class=\"_ _6\"></span>us valores<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>retribuci\u00f3n a la operaci\u00f3n de aplicaci\u00f3n a partir de 1 de e<span class=\"_ _1\"></span>nero de 2024. Este procedimiento se encuen<span class=\"_ _6\"></span>tra pendiente<span class=\"_ _6\"></span> de formalizaci\u00f3n de escrito d<span class=\"_ _6\"></span>e demanda.<span class=\"_ _6\"></span> Concesi\u00f3n de d<span class=\"_ _6\"></span>ominio p\u00fablico <span class=\"ffd\">\u2013</span> Biof\u00e1b<span class=\"_ _6\"></span>rica de ENCE e<span class=\"_ _6\"></span>n Pontevedra<span class=\"_ _6\"></span> La resoluci\u00f3n<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>20 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>enero <span class=\"_ _6\"></span>de 2016 <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>la q<span class=\"_ _6\"></span>ue se<span class=\"_ _6\"></span> otorg\u00f3 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>pr\u00f3rro<span class=\"_ _6\"></span>ga de <span class=\"_ _6\"></span>la con<span class=\"_ _6\"></span>cesi\u00f3n <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dominio <span class=\"_ _6\"></span>p\u00fablico sobre <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>asienta <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>planta <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>ENCE <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>Pontevedra <span class=\"_ _10\"></span>fue <span class=\"_ _15\"></span>impugnad<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>primero <span class=\"_ _10\"></span>en <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>\u00eda <span class=\"_ _10\"></span>administrativa <span class=\"_ _15\"></span>y posteriormente <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>v\u00eda <span class=\"_ _10\"></span>contenciosa, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>Ayuntam<span class=\"_ _6\"></span>iento <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Pontevedra <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>dos <span class=\"_ _10\"></span>Asociaciones<span class=\"_ _6\"></span>: <span class=\"_ _15\"></span>Greenpea<span class=\"_ _6\"></span>ce Espa\u00f1a y la As<span class=\"_ _6\"></span>ociaci\u00f3n por la Defens<span class=\"_ _6\"></span>a de la R\u00eda de Pontev<span class=\"_ _6\"></span>edra (en adelante APDR).<span class=\"_ _15\"></span> Dichas im<span class=\"_ _1\"></span>pugnaciones dieron <span class=\"_ _e\"></span>lugar a <span class=\"_ _e\"></span>tres procedimientos <span class=\"_ _1\"></span>judiciales <span class=\"_ _e\"></span>s<span class=\"_ _6\"></span>eguidos ante <span class=\"_ _e\"></span>la Sala <span class=\"_ _a\"></span>de lo Contencioso-<span class=\"_ _33\"> </span>Administrativo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Aud<span class=\"_ _6\"></span>iencia <span class=\"_ _10\"></span>N<span class=\"_ _6\"></span>acional <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>fueron <span class=\"_ _0\"></span>resueltos <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>dicha <span class=\"_ _0\"></span>Sala <span class=\"_ _10\"></span>mediante <span class=\"_ _0\"></span>sentencias <span class=\"_ _0\"></span>15 <span class=\"_ _0\"></span>de Julio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2021 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>21 <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>septiembre <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2021, <span class=\"_ _10\"></span>estimando <span class=\"_ _10\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>recurs<span class=\"_ _6\"></span>os <span class=\"_ _10\"></span>interpuestos <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>Greenpeace <span class=\"_ _10\"></span>Espa\u00f1<span class=\"_ _6\"></span>a,<span class=\"_ _1\"></span> por el <span class=\"_ _6\"></span>Ayuntamiento <span class=\"_ _6\"></span>de Pon<span class=\"_ _6\"></span>tevedra y <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>APDR, y <span class=\"_ _6\"></span>anulando la <span class=\"_ _6\"></span>Resoluci\u00f3n<span class=\"_ _6\"></span> Ministerial d<span class=\"_ _6\"></span>e 20 <span class=\"_ _6\"></span>de enero <span class=\"_ _6\"></span>de 2016 de pr\u00f3rroga de <span class=\"_ _1\"></span>la concesi\u00f3n, por entender que la misma no justifica la necesidad de <span class=\"_ _1\"></span>que la  biof\u00e1brica de <span class=\"_ _e\"></span>celulosa <span class=\"_ _e\"></span>de <span class=\"_ _e\"></span>ENCE e<span class=\"_ _1\"></span>n <span class=\"_ _e\"></span>Pontev<span class=\"_ _6\"></span>edra, <span class=\"_ _e\"></span>por <span class=\"_ _e\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>naturaleza, <span class=\"_ _e\"></span>deba <span class=\"_ _1\"></span>tener <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _e\"></span>ubicaci\u00f3n <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>omi<span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>io <span class=\"_ _e\"></span>p\u00fa<span class=\"_ _6\"></span>blico <span class=\"_ _e\"></span>mar\u00edtimo terrestre ni se alegan razon<span class=\"_ _6\"></span>es de inter\u00e9s p\u00fa<span class=\"_ _6\"></span>blico para defender la ub<span class=\"_ _6\"></span>icaci\u00f3n actual d<span class=\"_ _6\"></span>e la biof\u00e1brica.<span class=\"_ _6\"></span> ENCE <span class=\"_ _6\"></span>formul\u00f3 <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>fecha <span class=\"_ _6\"></span>28 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>septiembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2021 <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>29 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>oviembre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>2021 <span class=\"_ _15\"></span>recursos <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>casaci\u00f3n <span class=\"_ _15\"></span>ante el <span class=\"_ _15\"></span>Tribunal <span class=\"_ _15\"></span>Su<span class=\"_ _6\"></span>premo <span class=\"_ _15\"></span>contra <span class=\"_ _10\"></span>las <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>entencias <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>ictadas <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Audiencia <span class=\"_ _15\"></span>Nacion<span class=\"_ _6\"></span>al, <span class=\"_ _15\"></span>los <span class=\"_ _10\"></span>cuales <span class=\"_ _15\"></span>fueron <span class=\"_ _15\"></span>resueltos<span class=\"_ _6\"></span> mediante sentencias <span class=\"_ _1\"></span>favorables<span class=\"_ _6\"></span> de <span class=\"_ _1\"></span>6 de <span class=\"_ _e\"></span>marzo de 2023, <span class=\"_ _1\"></span>en las <span class=\"_ _1\"></span>que el <span class=\"_ _e\"></span>Tribun<span class=\"_ _6\"></span>al Supremo <span class=\"_ _e\"></span>es<span class=\"_ _6\"></span>tima los <span class=\"_ _1\"></span> recursos<span class=\"_ _1\"></span> de <span class=\"_ _6\"></span>cas<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _15\"></span>interpuesto<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Sociedad <span class=\"_ _15\"></span>contra <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>entencias <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>Audiencia <span class=\"_ _15\"></span>Nacion<span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>15 <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ju<span class=\"_ _6\"></span>lio <span class=\"_ _15\"></span>de 2021, <span class=\"_ _19\"> </span>dictadas <span class=\"_ _19\"> </span>en <span class=\"_ _1b\"> </span>los<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span> <span class=\"_ _19\"> </span>procedimientos <span class=\"_ _19\"> </span>iniciados, <span class=\"_ _19\"> </span>respectivamente, <span class=\"_ _19\"> </span>por <span class=\"_ _1b\"> </span>Greenp<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>ace <span class=\"_ _19\"> </span>Espa\u00f1a <span class=\"_ _19\"> </span>y <span class=\"_ _19\"> </span>el<span class=\"_ _1\"></span> Ayuntamiento de Pon<span class=\"_ _6\"></span>tevedra. Ambas <span class=\"_ _10\"></span>sentencias <span class=\"_ _10\"></span>del <span class=\"_ _10\"></span>Tribun<span class=\"_ _6\"></span>al <span class=\"_ _10\"></span>Supremo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>eclaran <span class=\"_ _10\"></span>nulas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>citadas <span class=\"_ _10\"></span>sentencias<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>la <span class=\"_ _10\"></span>Aud<span class=\"_ _6\"></span>iencia <span class=\"_ _15\"></span>N<span class=\"_ _6\"></span>acional <span class=\"_ _10\"></span>y confirman la legalidad<span class=\"_ _6\"></span> de la p<span class=\"_ _6\"></span>r\u00f3rroga de la conc<span class=\"_ _6\"></span>esi\u00f3n y,<span class=\"_ _6\"></span> por tanto, el p<span class=\"_ _6\"></span>lazo de duraci\u00f3n<span class=\"_ _6\"></span> de 60 a\u00f1os<span class=\"_ _6\"></span> de esta, el cual <span class=\"_ _6\"></span>se computa<span class=\"_ _6\"></span> desd<span class=\"_ _6\"></span>e el d\u00ed<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>de solicitud<span class=\"_ _15\"></span> de <span class=\"_ _6\"></span>la pr\u00f3<span class=\"_ _6\"></span>rroga. Contra <span class=\"_ _6\"></span>dichas <span class=\"_ _6\"></span>sentencias<span class=\"_ _6\"></span> del Tribunal <span class=\"_ _6\"></span>Supremo no cabe recurso ord<span class=\"_ _6\"></span>inario.  La Abogac\u00eda del Es<span class=\"_ _6\"></span>tado, el Ayun<span class=\"_ _6\"></span>tamiento de Pontevedra y<span class=\"_ _6\"></span> Green Peace pro<span class=\"_ _6\"></span>movieron incid<span class=\"_ _6\"></span>entes de nulidad de <span class=\"_ _e\"></span>actuacion<span class=\"_ _6\"></span>es <span class=\"_ _e\"></span>contra<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>las <span class=\"_ _e\"></span>sentencias <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>Tribunal <span class=\"_ _1\"></span>Supremo. <span class=\"_ _e\"></span>Estos<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>incidentes <span class=\"_ _1\"></span>fueron <span class=\"_ _e\"></span>resueltos me<span class=\"_ _1\"></span>diante <span class=\"_ _e\"></span>au<span class=\"_ _6\"></span>to por el Tribunal Supremo des<span class=\"_ _6\"></span>estimando la<span class=\"_ _6\"></span> nulidad<span class=\"_ _6\"></span> de las s<span class=\"_ _6\"></span>entencias y confirmando s<span class=\"_ _6\"></span>u validez. <span class=\"_ _6\"></span> En la actualidad se est\u00e1 tramitando el <span class=\"_ _1\"></span>recurso de casaci\u00f3n interpuesto por ENCE y <span class=\"_ _1\"></span>otras entidades contra la sentencia d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>Audiencia Nacional <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el procedimiento <span class=\"_ _6\"></span>interpuesto<span class=\"_ _6\"></span> por <span class=\"_ _6\"></span>la APDR, <span class=\"_ _6\"></span>tambi\u00e9n relacion<span class=\"_ _6\"></span>ado con la <span class=\"_ _e\"></span>pr\u00f3rroga de <span class=\"_ _a\"></span>la concesi\u00f3n <span class=\"_ _e\"></span>y <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ued\u00f3 <span class=\"_ _e\"></span>en suspenso <span class=\"_ _1\"></span>por <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>ecisi\u00f3n <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>Tribunal <span class=\"_ _e\"></span>Su<span class=\"_ _6\"></span>premo <span class=\"_ _e\"></span>h<span class=\"_ _6\"></span>asta <span class=\"_ _1\"></span>la <span class=\"_ _e\"></span>tramitaci\u00f3n<span class=\"_ _33\"> </span>de <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>otros <span class=\"_ _11\"></span>dos <span class=\"_ _0\"></span>recursos<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>ya <span class=\"_ _0\"></span>resueltos <span class=\"_ _11\"></span>favorablemente. <span class=\"_ _11\"></span>Se <span class=\"_ _0\"></span>es<span class=\"_ _6\"></span>pera <span class=\"_ _11\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _11\"></span>recurso <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>res<span class=\"_ _6\"></span>uelva <span class=\"_ _11\"></span>mediante sentencia dictada <span class=\"_ _6\"></span>en los mismos t\u00e9rminos<span class=\"_ _6\"></span> que los dos recurs<span class=\"_ _6\"></span>os anteriores. <span class=\"_ _6\"></span> Tanto <span class=\"_ _0\"></span>la <span class=\"_ _11\"></span>Abogac\u00eda <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Es<span class=\"_ _6\"></span>tado <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Ay<span class=\"_ _6\"></span>untamiento <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>Pontevedra <span class=\"_ _0\"></span>han <span class=\"_ _11\"></span>presentado <span class=\"_ _0\"></span>sendos <span class=\"_ _0\"></span>recurs<span class=\"_ _6\"></span>os <span class=\"_ _0\"></span>de amparo <span class=\"_ _25\"> </span>ante <span class=\"_ _25\"> </span>el <span class=\"_ _25\"> </span>Tribunal <span class=\"_ _25\"> </span>Constit<span class=\"_ _6\"></span>ucional, <span class=\"_ _25\"> </span>habiendo <span class=\"_ _25\"> </span>sido <span class=\"_ _25\"> </span>inadmitido <span class=\"_ _25\"> </span>el <span class=\"_ _25\"> </span>primero <span class=\"_ _25\"> </span>de <span class=\"_ _25\"> </span>ello. <span class=\"_ _25\"> </span>No <span class=\"_ _25\"> </span>hay<span class=\"_ _6\"></span> pronunciamiento au<span class=\"_ _6\"></span>n sobre la admisi\u00f3n<span class=\"_ _6\"></span> del segundo<span class=\"_ _6\"></span><span class=\"ff2 fs1\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "31.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Provisiones, garant\u00edas y pasivos continge<span class=\"_ _1\"></span>ntes<span class=\"_ _33\"> </span></span></span>31.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Garant\u00edas compro<span class=\"_ _e\"></span>metidas con terceros  </span></span>Al <span class=\"_ _15\"></span>31 <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>diciembre <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2024 <span class=\"_ _10\"></span>div<span class=\"_ _6\"></span>ersas <span class=\"_ _15\"></span>entid<span class=\"_ _6\"></span>ades <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>cieras <span class=\"_ _15\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>otorgado<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>avales <span class=\"_ _10\"></span>a <span class=\"_ _15\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>distintas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>sociedades del Grupo, de acuerdo co<span class=\"_ _6\"></span>n el siguiente detalle (9<span class=\"_ _6\"></span>6.<span class=\"lse\">407</span> <span class=\"_ _6\"></span><span class=\"ff6\">miles<span class=\"_ _6\"></span> \u20ac al 31 de diciembre de 202<span class=\"_ _6\"></span></span>3):<div class=\"c_1 w87 h100 gs7c7\"><div class=\"t_1 m0_1 x11 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de </div></div><div class=\"c_1 w87 h6d gs7c8\"><div class=\"t_1 m0_1 x10 h1f yc4 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Euros </div></div><div class=\"c_1 w1e3 h8a gs7c9\"><div class=\"t_1 m0_1 x12 h1f y6ca ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Tramitaci\u00f3n administrativa de plantas generaci\u00f3n </div><div class=\"t_1 m0_1 x12 h1f y59e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda el\u00e9ctrica renovable </div></div><div class=\"c_1 w87 h8a gs7ca\"><div class=\"t_1 m0_1 x2a h1f y40 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">23.523 </div></div><div class=\"c_1 w1e3 h23 gs7cb\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Acceso a red-Preasignaciones </div></div><div class=\"c_1 w87 h23 gs7cc\"><div class=\"t_1 m0_1 x2a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">22.872 </div></div><div class=\"c_1 w1e3 h23 gs7cd\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Prestamos Subvencionados (Nota 28) </div></div><div class=\"c_1 w87 h23 gs7ce\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.874 </div></div><div class=\"c_1 w1e3 h23 gs7cf\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edneas de descuento de facturas  </div></div><div class=\"c_1 w87 h23 gs7d0\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">9.000 </div></div><div class=\"c_1 w1e3 h23 gs7d1\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Ejecuci\u00f3n de proyectos forestales </div></div><div class=\"c_1 w87 h23 gs7d2\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.952 </div></div><div class=\"c_1 w1e3 h23 gs7d3\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Mercado el\u00e9ctrico </div></div><div class=\"c_1 w87 h23 gs7d4\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.500 </div></div><div class=\"c_1 w1e3 h23 gs7d5\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pagos a proveedores </div></div><div class=\"c_1 w87 h23 gs7d6\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4.027 </div></div><div class=\"c_1 w1e3 h23 gs7d7\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Concesi\u00f3n de Pontevedra </div></div><div class=\"c_1 w87 h23 gs7d8\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.050 </div></div><div class=\"c_1 w1e3 h58 gs7d9\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Medio ambiente </div></div><div class=\"c_1 w87 h58 gs7da\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.668 </div></div><div class=\"c_1 w1e3 h23 gs7db\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Otros </div></div><div class=\"c_1 w87 h23 gs7dc\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.763 </div></div><div class=\"c_1 w87 h100 gs7dd\"><div class=\"t_1 m0_1 x2a h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">88.229<span class=\"ls0_1\"> </span></div></div>Los <span class=\"_ _e\"></span>Ad<span class=\"_ _6\"></span>ministradores <span class=\"_ _1\"></span>no <span class=\"_ _e\"></span>esp<span class=\"_ _6\"></span>eran <span class=\"_ _e\"></span>que de <span class=\"_ _a\"></span>los importes <span class=\"_ _e\"></span>avalados<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>o de <span class=\"_ _a\"></span>las garant\u00edas <span class=\"_ _e\"></span>prestadas <span class=\"_ _1\"></span>se <span class=\"_ _e\"></span>deriven pasivos significativos par<span class=\"_ _6\"></span>a el Grupo, adicionales a lo<span class=\"_ _6\"></span>s recogidos en esta<span class=\"_ _6\"></span>s cuentas anu<span class=\"_ _6\"></span>ales consolidadas<span class=\"_ _15\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-572": {
   "value": "31.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Provisiones, garant\u00edas y pasivos continge<span class=\"_ _1\"></span>ntes<span class=\"_ _33\"> </span></span></span>31.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Provisiones  </span></span>El <span class=\"_ _e\"></span>detalle <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>movimiento de <span class=\"_ _a\"></span>las cuentas <span class=\"_ _e\"></span><span class=\"ff6\">\u201c<span class=\"_ _6\"></span>Provisiones\u201d <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>pasivo <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>largo <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>corto <span class=\"_ _1\"></span>plazo <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>Estado <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Situaci\u00f3n </span>Financiera consolida<span class=\"_ _6\"></span>do en los ejercicios 202<span class=\"_ _6\"></span>4 y 2023 <span class=\"_ _6\"></span>es el siguiente:<span class=\"_ _33\"> </span>2024<span class=\"ls0_1\"> </span>Saldo al 01/01/2024<span class=\"ls0_1\"> </span>Adiciones o Dotaciones Retiros o reducciones Saldo al 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> Largo plazo: Plan retribuci\u00f3n a largo plazo (Nota 11.2)   <span class=\"ls9\">345   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">975   <span class=\"ls0_1\"> </span></span>                      <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">1.320    </span>Provisi\u00f3n desmantelamiento   <span class=\"ls0_1\">25.425    </span>  <span class=\"ls9\">831   <span class=\"ls0_1\"> </span></span>                      <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">26.256    </span>Otros   <span class=\"ls0_1\">2.518    </span>  <span class=\"ls9\">149   <span class=\"ls0_1\"> </span></span>              <span class=\"ls0_1\">(738)    </span>  <span class=\"ls0_1\">1.929    </span>  <span class=\"ls9\">28.288   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">1.955   <span class=\"ls0_1\"> </span></span>              <span class=\"ls0_1\">(738)    </span>  <span class=\"ls9\">29.505   <span class=\"ls0_1\"> </span></span>Corto plazo Plan retribuci\u00f3n a corto plazo (Nota 11.2)   <span class=\"ls9\">242   <span class=\"ls0_1\"> </span></span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>              <span class=\"ls0_1\">(242)    </span>                         <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Derechos de Emisi\u00f3n (Notas 12 y 20.1)   <span class=\"ls0_1\">12.441    </span>  <span class=\"ls0_1\">12.485    </span>         <span class=\"ls0_1\">(12.441)    </span>  <span class=\"ls0_1\">12.485    </span>Plan Social Pontevedra y otras   <span class=\"ls0_1\">29.500    </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>           <span class=\"ls0_1\">(8.500)    </span>  <span class=\"ls0_1\">21.000    </span>  <span class=\"ls9\">42.183   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">12.485   <span class=\"ls0_1\"> </span></span>        <span class=\"ls0_1\">(21.183)    </span>  <span class=\"ls9\">33.485<span class=\"_ _33\"> </span></span>2023<span class=\"ls0_1\"> </span>Saldo al 01/01/2023<span class=\"ls0_1\"> </span>Adiciones o Dotaciones Retiros o reducciones Traspasos Saldo al 31/12/2023<span class=\"ls0_1\"> </span>Largo plazo: Plan retribuci\u00f3n a largo plazo (Nota 11.2)   <span class=\"ls9\">425   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">268   <span class=\"ls0_1\"> </span></span>                   <span class=\"ls0_1\">(1)    </span>          <span class=\"ls0_1\">(347)    </span>  <span class=\"ls9\">345   <span class=\"ls0_1\"> </span></span>Provisi\u00f3n desmantelamiento   <span class=\"ls0_1\">24.598    </span>  <span class=\"ls9\">827   <span class=\"ls0_1\"> </span></span>                      <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">25.425    </span>Otros   <span class=\"ls0_1\">2.960    </span>  <span class=\"ls9\">467   <span class=\"ls0_1\"> </span></span>              <span class=\"ls0_1\">(909)    </span>                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">2.518    </span>  <span class=\"ls9\">27.983   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">1.562   <span class=\"ls0_1\"> </span></span>              <span class=\"ls0_1\">(910)    </span>          <span class=\"ls0_1\">(347)    </span>  <span class=\"ls9\">28.288   <span class=\"ls0_1\"> </span></span>Corto plazo Plan retribuci\u00f3n a corto plazo (Nota 11.2)                    <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>              <span class=\"ls0_1\">(105)    </span>  <span class=\"ls9\">347   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">242   <span class=\"ls0_1\"> </span></span>Derechos de Emisi\u00f3n (Notas 12 y 20.1)   <span class=\"ls0_1\">11.100    </span>  <span class=\"ls0_1\">12.339    </span>         <span class=\"ls0_1\">(10.998)    </span>                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">12.441    </span>Plan Social Pontevedra y otras   <span class=\"ls0_1\">31.700    </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>           <span class=\"ls0_1\">(2.200)    </span>                  <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>  <span class=\"ls0_1\">29.500    </span>  <span class=\"ls9\">42.800   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">12.339   <span class=\"ls0_1\"> </span></span>        <span class=\"ls0_1\">(13.303)    </span>  <span class=\"ls9\">347   <span class=\"ls0_1\"> </span></span>  <span class=\"ls9\">42.183   <span class=\"ls0_1\"> </span></span>ENCE <span class=\"_ _10\"></span>suscrib<span class=\"_ _6\"></span>i\u00f3 <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>2016 <span class=\"_ _10\"></span>un <span class=\"_ _0\"></span>Pacto <span class=\"_ _10\"></span>Ambiental <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>un <span class=\"_ _10\"></span>Con<span class=\"_ _6\"></span>venio <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>Colaboraci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Conseller\u00eda <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>Medio Ambiente de <span class=\"_ _e\"></span>la Xunta de <span class=\"_ _1\"></span>Galicia,<span class=\"_ _6\"></span> por <span class=\"_ _e\"></span>la que se <span class=\"_ _e\"></span>comp<span class=\"_ _6\"></span>romet\u00eda, entre <span class=\"_ _1\"></span>otros, a m<span class=\"_ _1\"></span>ejorar la <span class=\"_ _e\"></span>calid<span class=\"_ _6\"></span>ad de vida <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e los<span class=\"_ _1\"></span> gallegos, y en <span class=\"_ _6\"></span>especial d<span class=\"_ _6\"></span>e los qu<span class=\"_ _6\"></span>e habitan en el <span class=\"_ _6\"></span>entorno d<span class=\"_ _6\"></span>e la R\u00eda de<span class=\"_ _6\"></span> Pontevedra, s<span class=\"_ _6\"></span>u segur<span class=\"_ _6\"></span>idad y des<span class=\"_ _6\"></span>arrollo, el <span class=\"_ _1e\"> </span>medio <span class=\"_ _1e\"> </span>ambient<span class=\"_ _6\"></span>e, <span class=\"_ _1e\"> </span>el <span class=\"_ _1e\"> </span>entorn<span class=\"_ _6\"></span>o <span class=\"_ _1e\"> </span>natural, <span class=\"_ _17\"> </span>social <span class=\"_ _1e\"> </span>y <span class=\"_ _1e\"> </span>econ\u00f3mico <span class=\"_ _1e\"> </span>as\u00ed <span class=\"_ _17\"> </span>como <span class=\"_ _1e\"> </span>su <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>ostenibilidad, <span class=\"_ _17\"> </span>asumiendo<span class=\"_ _33\"> </span>determinados <span class=\"_ _6\"></span>compromisos<span class=\"_ _6\"></span> de inv<span class=\"_ _6\"></span>ersi\u00f3n y<span class=\"_ _6\"></span> de <span class=\"_ _6\"></span>contribuc<span class=\"_ _6\"></span>i\u00f3n<span class=\"_ _6\"></span> econ\u00f3mica a <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>mejora d<span class=\"_ _6\"></span>e la <span class=\"_ _6\"></span>calidad <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>vid<span class=\"_ _6\"></span>a d<span class=\"_ _6\"></span>e la <span class=\"_ _15\"></span>poblaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>gallega. <span class=\"_ _10\"></span>Los <span class=\"_ _15\"></span>co<span class=\"_ _6\"></span>mpromisos<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>inversi\u00f3n <span class=\"_ _10\"></span>incluyen <span class=\"_ _15\"></span>inv<span class=\"_ _6\"></span>ersiones, <span class=\"_ _10\"></span>actualmente <span class=\"_ _15\"></span>ya <span class=\"_ _10\"></span>ejecutadas, <span class=\"_ _10\"></span>por 61 <span class=\"_ _18\"> </span>millones  \u20ac <span class=\"_ _18\"> </span>destin<span class=\"_ _6\"></span>adas <span class=\"_ _18\"> </span>a  la <span class=\"_ _18\"> </span>mejora <span class=\"_ _18\"> </span>medioambienta<span class=\"_ _6\"></span>l <span class=\"_ _18\"> </span>y <span class=\"_ _18\"> </span>la  creaci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>empleo  en <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>biof\u00e1brica <span class=\"_ _18\"> </span>de Pontevedra, <span class=\"_ _12\"> </span>as\u00ed <span class=\"_ _12\"> </span>como <span class=\"_ _12\"> </span>inversiones, <span class=\"_ _12\"> </span>actualmente <span class=\"_ _12\"> </span>en <span class=\"_ _12\"> </span>es<span class=\"_ _6\"></span>tudio,<span class=\"_ _6\"></span> <span class=\"_ _11\"> </span>v<span class=\"_ _6\"></span>inculadas <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>generaci\u00f3n <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>energ\u00eda <span class=\"_ _12\"> </span>con biomasa. Las <span class=\"_ _10\"></span>contribucion<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>incluyen <span class=\"_ _10\"></span>aportaciones <span class=\"_ _10\"></span>econ\u00f3micas <span class=\"_ _10\"></span>orienta<span class=\"_ _6\"></span>das <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>mejora <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>calidad <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>vida <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>los gallegos <span class=\"_ _6\"></span>por <span class=\"_ _15\"></span>21 <span class=\"_ _6\"></span>millones <span class=\"_ _15\"></span>\u20ac, <span class=\"_ _6\"></span>as\u00ed <span class=\"_ _15\"></span>como <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>puesta <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>marcha <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>rograma <span class=\"_ _6\"></span>marco <span class=\"_ _15\"></span>para <span class=\"_ _6\"></span>hacer <span class=\"_ _6\"></span>part\u00edcip<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>la poblaci\u00f3n del <span class=\"_ _e\"></span>entorno de <span class=\"_ _e\"></span>la R\u00eda <span class=\"_ _e\"></span>Gallega <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _1\"></span>bene<span class=\"_ _6\"></span>ficios <span class=\"_ _1\"></span>de su <span class=\"_ _e\"></span>pol\u00edtica de <span class=\"_ _e\"></span>respons<span class=\"_ _6\"></span>abilidad <span class=\"_ _e\"></span>so<span class=\"_ _6\"></span>cial <span class=\"_ _e\"></span>corp<span class=\"_ _6\"></span>orativa de ENCE <span class=\"_ _1\"></span>con una <span class=\"_ _e\"></span>do<span class=\"_ _6\"></span>taci\u00f3n an<span class=\"_ _1\"></span>ual de <span class=\"_ _1\"></span>hasta 3 <span class=\"_ _e\"></span>millones \u20ac, y <span class=\"_ _e\"></span>que estar\u00e1 <span class=\"_ _e\"></span>v<span class=\"_ _6\"></span>igente durante <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>periodo concesional. <span class=\"_ _6\"></span><span class=\"ff4\"> </span>La cuenta \u201cPlan<span class=\"_ _6\"></span> Social Pontev<span class=\"_ _6\"></span>edra y otra<span class=\"_ _6\"></span>s\u201d incluye<span class=\"_ _6\"></span><span class=\"ff4\"> en 2023,<span class=\"_ _6\"></span> adicionalmente, otras<span class=\"_ _6\"></span> obligacion<span class=\"_ _6\"></span>es potenciales<span class=\"_ _6\"></span> </span>que han s<span class=\"_ _6\"></span>ido revaluadas en 2024 cons<span class=\"_ _6\"></span>ider\u00e1ndose remot<span class=\"_ _6\"></span>a su<span class=\"_ _6\"></span> probabilidad<span class=\"_ _6\"></span> de impacto. Provisi\u00f3n por desmantelam<span class=\"_ _6\"></span>iento<span class=\"_ _6\"></span>- El valor presente d<span class=\"_ _6\"></span>e las o<span class=\"_ _6\"></span>bligaciones a<span class=\"_ _6\"></span>sumidas d<span class=\"_ _6\"></span>erivadas del d<span class=\"_ _6\"></span>esmantelamiento de<span class=\"_ _6\"></span> la pla<span class=\"_ _6\"></span>nta de prod<span class=\"_ _6\"></span>ucci\u00f3n de celulosa ubicad<span class=\"_ _6\"></span>a en Pontev<span class=\"_ _6\"></span>edra, consideran<span class=\"_ _6\"></span>do que esta labor s<span class=\"_ _6\"></span>e iniciar\u00eda en 2073, s<span class=\"_ _6\"></span>e ha estimad<span class=\"_ _6\"></span>o en un importe de 26.256 <span class=\"ff6\">m<span class=\"_ _6\"></span>iles \u20ac (2</span>5.425 <span class=\"ff6\">miles<span class=\"_ _6\"></span> \u20ac al 31 de diciembr<span class=\"_ _6\"></span>e de 202</span>3<span class=\"_ _6\"></span>).<span class=\"_ _33\"> </span>En <span class=\"_ _17\"> </span>la <span class=\"_ _1c\"> </span>cuantificaci\u00f3n <span class=\"_ _1c\"> </span>de <span class=\"_ _17\"> </span>dicha <span class=\"_ _1c\"> </span>obligaci\u00f3n <span class=\"_ _17\"> </span>se <span class=\"_ _1c\"> </span>ha <span class=\"_ _17\"> </span>considerado <span class=\"_ _1c\"> </span>un <span class=\"_ _17\"> </span>coste <span class=\"_ _1c\"> </span>actual <span class=\"_ _17\"> </span>par<span class=\"_ _6\"></span>a <span class=\"_ _17\"> </span>llevar <span class=\"_ _17\"> </span>a <span class=\"_ _1c\"> </span>cabo <span class=\"_ _17\"> </span>el desmantelamiento <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>43 <span class=\"_ _15\"></span>mill<span class=\"_ _6\"></span>ones <span class=\"_ _15\"></span>\u20ac, <span class=\"_ _15\"></span>unas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>tasas <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>actu<span class=\"_ _6\"></span>alizaci\u00f3n <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>entorno <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>2%<span class=\"_ _15\"></span><span class=\"ff4\">-3% <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>un<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>tasas <span class=\"_ _15\"></span>de </span>descuento en el entorn<span class=\"_ _6\"></span>o del 7%<span class=\"_ _6\"></span>-8%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "<div class=\"c_1 w2_1 h3b gs7df\"><div class=\"t_1 m0_1 xb h41 y745 ff3 fs3 fc2 sc0_1 lsb ws0_1\">32.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Situaci\u00f3n fiscal </span></span></div><div class=\"t_1 m0_1 x1f h8 y746 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los saldos <span class=\"_ _e\"></span>deudores y <span class=\"_ _e\"></span>acreedores m<span class=\"_ _1\"></span>antenidos con <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>distin<span class=\"_ _6\"></span>tas <span class=\"_ _1\"></span>Administraciones P\u00fablicas <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>diciembre </div><div class=\"t_1 m0_1 x1f h8 y747 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de 2024 y 2023 son lo<span class=\"_ _6\"></span>s siguientes<span class=\"_ _6\"></span>: </div></div><div class=\"c_1 w1e5 hf8 gs7e0\"><div class=\"t_1 m0_1 x96 h1f y5b ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> </div></div><div class=\"c_1 w1e7 hf8 gs7e1\"><div class=\"t_1 m0_1 x19 h1f y5b ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">31/12/2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1e4 h60 gs7e2\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"c_1 w1e8 h60 gs7e3\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Activo </div></div><div class=\"c_1 w1e9 h60 gs7e4\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo </div></div><div class=\"c_1 w11e h60 gs7e5\"><div class=\"t_1 m0_1 x8c h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Activo </div></div><div class=\"c_1 w1ea h60 gs7e6\"><div class=\"t_1 m0_1 x8c h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo </div></div><div class=\"c_1 w1e4 h26 gs7e7\"><div class=\"t_1 m0_1 x12 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Partidas no corrientes-  </div></div><div class=\"c_1 w1e4 h60 gs7e8\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Activo por impuestos diferidos </div></div><div class=\"c_1 w1e8 h60 gs7e9\"><div class=\"t_1 m0_1 x87 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">     <span class=\"ls0_1\">93.840  </span></div></div><div class=\"c_1 w1e9 h60 gs7ea\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w11e h60 gs7eb\"><div class=\"t_1 m0_1 x87 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">      <span class=\"ls0_1\">94.996  </span></div></div><div class=\"c_1 w1ea h60 gs7ec\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1e4 h60 gs7ed\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivo por impuestos diferidos </div></div><div class=\"c_1 w1e8 h60 gs7ee\"><div class=\"t_1 m0_1 x32 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">   <span class=\"ls0_1\">(31.853) </span></div></div><div class=\"c_1 w1e9 h60 gs7ef\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w11e h60 gs7f0\"><div class=\"t_1 m0_1 x32 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">    <span class=\"ls0_1\">(26.998) </span></div></div><div class=\"c_1 w1ea h60 gs7f1\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1e4 h26 gs7f2\"><div class=\"t_1 m0_1 x67 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 w1e8 h26 gs7f3\"><div class=\"t_1 m0_1 x5 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">61.987 <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1e9 h26 gs7f4\"><div class=\"t_1 m0_1 x1a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w11e h26 gs7f5\"><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">67.998 <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1ea h26 gs7f6\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1e4 h26 gs7f7\"><div class=\"t_1 m0_1 x12 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Partidas corrientes- </div></div><div class=\"c_1 w1e4 h85 gs7f8\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Hacienda P\u00fablica por IVA  </div></div><div class=\"c_1 w1e8 h85 gs7f9\"><div class=\"t_1 m0_1 x87 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">     <span class=\"ls0_1\">18.134  </span></div></div><div class=\"c_1 w1e9 h85 gs7fa\"><div class=\"t_1 m0_1 x54 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">          <span class=\"ls0_1\">5.506  </span></div></div><div class=\"c_1 w11e h85 gs7fb\"><div class=\"t_1 m0_1 x29 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">        <span class=\"ls0_1\">7.931  </span></div></div><div class=\"c_1 w1ea h85 gs7fc\"><div class=\"t_1 m0_1 x29 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">        <span class=\"ls0_1\">3.791  </span></div></div><div class=\"c_1 w1e4 h26 gs7fd\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto de Sociedades del ejercicio corriente </div></div><div class=\"c_1 w1e8 h26 gs7fe\"><div class=\"t_1 m0_1 x29 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">       <span class=\"ls0_1\">6.569  </span></div></div><div class=\"c_1 w1e9 h26 gs7ff\"><div class=\"t_1 m0_1 x10 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">               <span class=\"ls9\">26 <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w11e h26 gs800\"><div class=\"t_1 m0_1 x87 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">      <span class=\"ls0_1\">14.993  </span></div></div><div class=\"c_1 w1ea h26 gs801\"><div class=\"t_1 m0_1 x54 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">             <span class=\"ls9\">44 <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w1e4 h60 gs802\"><div class=\"t_1 m0_1 x12 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto a la generaci\u00f3n de electricidad </div></div><div class=\"c_1 w1e8 h60 gs803\"><div class=\"t_1 m0_1 x2a h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1e9 h60 gs804\"><div class=\"t_1 m0_1 x54 h1f y5e ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">          <span class=\"ls0_1\">4.224  </span></div></div><div class=\"c_1 w11e h60 gs805\"><div class=\"t_1 m0_1 x30 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1ea h60 gs806\"><div class=\"t_1 m0_1 x31 h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1e4 h53 gs807\"><div class=\"t_1 m0_1 x12 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Hacienda P\u00fablica por diversos conceptos </div></div><div class=\"c_1 w1e8 h53 gs808\"><div class=\"t_1 m0_1 x29 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">          <span class=\"ls9\">421 <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w1e9 h53 gs809\"><div class=\"t_1 m0_1 x54 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">          <span class=\"ls0_1\">4.835  </span></div></div><div class=\"c_1 w11e h53 gs80a\"><div class=\"t_1 m0_1 x54 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">           <span class=\"ls9\">382 <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w1ea h53 gs80b\"><div class=\"t_1 m0_1 x29 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">        <span class=\"ls0_1\">5.374  </span></div></div><div class=\"c_1 w1e4 h26 gs80c\"><div class=\"t_1 m0_1 x67 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 w1e8 h26 gs80d\"><div class=\"t_1 m0_1 x5 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">25.124 <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1e9 h26 gs80e\"><div class=\"t_1 m0_1 x88 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">14.591 <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w11e h26 gs80f\"><div class=\"t_1 m0_1 x1e h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">23.306 <span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1ea h26 gs810\"><div class=\"t_1 m0_1 x88 h54 y5e ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">9.209<span class=\"_ _33\"> </span> <span class=\"ls0_1\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-20": {
   "value": "32.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Situaci\u00f3n fiscal </span></span>Los saldos <span class=\"_ _e\"></span>deudores y <span class=\"_ _e\"></span>acreedores m<span class=\"_ _1\"></span>antenidos con <span class=\"_ _e\"></span>las<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>distin<span class=\"_ _6\"></span>tas <span class=\"_ _1\"></span>Administraciones P\u00fablicas <span class=\"_ _e\"></span>al 31 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>diciembre de 2024 y 2023 son lo<span class=\"_ _6\"></span>s siguientes<span class=\"_ _6\"></span>: 31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"ls0_1\"> </span>Miles de Euros Activo Pasivo Activo Pasivo Partidas no corrientes-  Activo por impuestos diferidos      <span class=\"ls0_1\">93.840  </span>                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">94.996  </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Pasivo por impuestos diferidos    <span class=\"ls0_1\">(31.853) </span>                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>    <span class=\"ls0_1\">(26.998) </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Total 61.987 <span class=\"ls0_1\"> </span>                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>67.998 <span class=\"ls0_1\"> </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Partidas corrientes- Hacienda P\u00fablica por IVA       <span class=\"ls0_1\">18.134  </span>          <span class=\"ls0_1\">5.506  </span>        <span class=\"ls0_1\">7.931  </span>        <span class=\"ls0_1\">3.791  </span>Impuesto de Sociedades del ejercicio corriente        <span class=\"ls0_1\">6.569  </span>               <span class=\"ls9\">26 <span class=\"ls0_1\"> </span></span>      <span class=\"ls0_1\">14.993  </span>             <span class=\"ls9\">44 <span class=\"ls0_1\"> </span></span>Impuesto a la generaci\u00f3n de electricidad              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">4.224  </span>- - Hacienda P\u00fablica por diversos conceptos           <span class=\"ls9\">421 <span class=\"ls0_1\"> </span></span>          <span class=\"ls0_1\">4.835  </span>           <span class=\"ls9\">382 <span class=\"ls0_1\"> </span></span>        <span class=\"ls0_1\">5.374  </span>Total 25.124 <span class=\"ls0_1\"> </span>14.591 <span class=\"ls0_1\"> </span>23.306 <span class=\"ls0_1\"> </span>9.209<span class=\"_ _33\"> </span>32.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Aplicaci\u00f3n de<span class=\"_ _1\"></span> reg\u00edmenes y grup<span class=\"_ _1\"></span>os fiscales </span></span>Sociedades del Grupo con<span class=\"_ _6\"></span> residencia fiscal en E<span class=\"_ _6\"></span>spa\u00f1a<span class=\"_ _6\"></span>- ENCE tributa<span class=\"_ _6\"></span> en el Impuesto de Sociedades a t<span class=\"_ _6\"></span>rav\u00e9s de dos<span class=\"_ _6\"></span> Grupos de conso<span class=\"_ _6\"></span>lidaci\u00f3n fiscal: <span class=\"_ _15\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">ENCE <span class=\"_ _6\"></span>Energ\u00eda <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>Celulosa, <span class=\"_ _6\"></span>S.A. <span class=\"_ _6\"></span>tributa <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>esde <span class=\"_ _6\"></span>2002 <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el R\u00e9gimen <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Consolida<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _6\"></span>Fiscal <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Impuesto </span></span>sobre <span class=\"_ _0\"></span>Sociedades <span class=\"_ _0\"></span>previs<span class=\"_ _6\"></span>to <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Cap\u00edtulo <span class=\"_ _0\"></span>VI <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>T\u00edtulo <span class=\"_ _0\"></span>VII <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Impuesto <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>Sociedad<span class=\"_ _6\"></span>es (Grupo <span class=\"_ _6\"></span>n\u00ba <span class=\"_ _15\"></span>149/02), <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>tod<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>sociedades <span class=\"_ _15\"></span>espa\u00f1olas <span class=\"_ _15\"></span>det<span class=\"_ _6\"></span>alladas <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Anexo <span class=\"_ _6\"></span>I <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>tiene <span class=\"_ _15\"></span>una participaci\u00f3n su<span class=\"_ _6\"></span>perior al 75%.  <span class=\"_ _6\"></span> \u2022<span class=\"ff2\"> <span class=\"_ _1f\"> </span><span class=\"ff4\">Magnon <span class=\"_ _10\"></span>Green <span class=\"_ _10\"></span>Energy, <span class=\"_ _10\"></span>S.L. <span class=\"_ _10\"></span>trib<span class=\"_ _6\"></span>uta <span class=\"_ _10\"></span>desde <span class=\"_ _10\"></span>2021 <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _10\"></span>R\u00e9gi<span class=\"_ _6\"></span>men <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>Consolidaci\u00f3n <span class=\"_ _10\"></span>Fiscal <span class=\"_ _0\"></span>del <span class=\"_ _15\"></span>Impu<span class=\"_ _6\"></span>esto </span></span>sobre <span class=\"_ _0\"></span>Sociedades <span class=\"_ _0\"></span>previs<span class=\"_ _6\"></span>to <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Cap\u00edtulo <span class=\"_ _0\"></span>VI <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>T\u00edtulo <span class=\"_ _0\"></span>VII <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Impuesto <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>Sociedad<span class=\"_ _6\"></span>es (Grupo <span class=\"_ _6\"></span>n\u00ba <span class=\"_ _15\"></span>410/21), <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>tod<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>sociedades <span class=\"_ _15\"></span>espa\u00f1olas <span class=\"_ _15\"></span>detalla<span class=\"_ _6\"></span>das <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>Anexo <span class=\"_ _6\"></span>I <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>que <span class=\"_ _6\"></span>tiene <span class=\"_ _15\"></span>una participaci\u00f3n su<span class=\"_ _6\"></span>perior al 75%. El resto de las<span class=\"_ _6\"></span> sociedades d<span class=\"_ _6\"></span>el Grupo tributan en r\u00e9gimen ind<span class=\"_ _6\"></span>ividual. <span class=\"_ _6\"></span> La tasa impositiva nominal del <span class=\"_ _1\"></span>Impuesto sobre Sociedades en Espa\u00f1a es <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>el 25%. Las tasas<span class=\"_ _1\"></span> impositivas en el impuesto <span class=\"_ _1c\"> </span>equiv<span class=\"_ _6\"></span>alente <span class=\"_ _1c\"> </span>al <span class=\"_ _1c\"> </span>Impu<span class=\"_ _6\"></span>esto <span class=\"_ _1c\"> </span>sobre <span class=\"_ _1b\"> </span>Sociedades <span class=\"_ _1c\"> </span>en <span class=\"_ _1c\"> </span>Portu<span class=\"_ _6\"></span>gal <span class=\"_ _1c\"> </span>y <span class=\"_ _1c\"> </span>Uruguay <span class=\"_ _1b\"> </span>son <span class=\"_ _1c\"> </span>del <span class=\"_ _1c\"> </span>21% <span class=\"_ _1c\"> </span>y <span class=\"_ _1c\"> </span>25%, respectivamente. De acuerdo <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>r\u00e9gimen <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>consolida<span class=\"_ _6\"></span>ci\u00f3n fiscal, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>imponible <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Impuesto <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>Sociedades <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>se determina <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>partir <span class=\"_ _15\"></span>del <span class=\"_ _10\"></span>resultado <span class=\"_ _15\"></span>conta<span class=\"_ _6\"></span>ble <span class=\"_ _15\"></span>consolidado, <span class=\"_ _10\"></span>sino <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>artir <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>agregado <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>bases<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>imponibles individuales <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>so<span class=\"_ _6\"></span>ciedades <span class=\"_ _0\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>integra<span class=\"_ _6\"></span>n, <span class=\"_ _11\"></span>determinadas <span class=\"_ _0\"></span>seg\u00fan <span class=\"_ _11\"></span>su <span class=\"_ _0\"></span>respectivo <span class=\"_ _0\"></span>r\u00e9gimen <span class=\"_ _0\"></span>ind<span class=\"_ _6\"></span>ividual <span class=\"_ _11\"></span>de tributaci\u00f3n, <span class=\"_ _f\"> </span>a <span class=\"_ _23\"> </span>la <span class=\"_ _23\"> </span>cual <span class=\"_ _23\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _23\"> </span>le <span class=\"_ _23\"> </span>aplicar\u00e1n, <span class=\"_ _f\"> </span>con <span class=\"_ _23\"> </span>posterioridad, <span class=\"_ _f\"> </span>las <span class=\"_ _23\"> </span>correspondientes <span class=\"_ _23\"> </span>eliminaciones <span class=\"_ _f\"> </span>e incorporaciones ap<span class=\"_ _6\"></span>licables de acuerdo co<span class=\"_ _6\"></span>n la normativa <span class=\"_ _6\"></span>de consolidaci\u00f3n<span class=\"_ _6\"></span> fiscal.<span class=\"_ _6\"></span> La <span class=\"_ _10\"></span>Ley <span class=\"_ _0\"></span>7/2024, <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>20 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre, <span class=\"_ _10\"></span>trasp<span class=\"_ _6\"></span>one <span class=\"_ _0\"></span>al <span class=\"_ _10\"></span>ordenamiento<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>esp<span class=\"_ _6\"></span>a\u00f1ol <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>Directiva <span class=\"_ _0\"></span>\u201cPilar <span class=\"_ _10\"></span>Dos<span class=\"_ _6\"></span>\u201d <span class=\"_ _0\"></span>que <span class=\"_ _10\"></span>tiene como objetivo <span class=\"_ _1\"></span>el asegurar <span class=\"_ _e\"></span>que los <span class=\"_ _1\"></span>grandes grupos <span class=\"_ _e\"></span>empresariales<span class=\"_ _6\"></span> alcancen <span class=\"_ _e\"></span>un gravamen ef<span class=\"_ _1\"></span>ectivo m\u00ednimo <span class=\"_ _e\"></span>del<span class=\"_ _6\"></span> 15 <span class=\"_ _0\"></span>% <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>cada <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>jurisdicciones<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _11\"> </span>que <span class=\"_ _12\"> </span>operen, <span class=\"_ _11\"> </span>reintroduce <span class=\"_ _11\"> </span> <span class=\"_ _11\"></span>con <span class=\"_ _0\"></span>efectos <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>esde <span class=\"_ _11\"></span>el <span class=\"_ _0\"></span>1/1/2024<span class=\"_ _6\"></span> diversas <span class=\"_ _10\"></span>medidas <span class=\"_ _15\"></span>recogidas<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>en<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>RD<span class=\"_ _6\"></span>-L <span class=\"_ _10\"></span>3/2016 <span class=\"_ _15\"></span>y <span class=\"_ _10\"></span>declarad<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>incon<span class=\"_ _6\"></span>stitucionales<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>rincipios <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>2024, <span class=\"_ _15\"></span>entre<span class=\"_ _33\"> </span>ellas <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>limitaciones <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>comp<span class=\"_ _6\"></span>ensaci\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>bases<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>imponibles <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>egativas <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>deducciones<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>evita<span class=\"_ _6\"></span>r <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>doble imposici\u00f3n, <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>extiende <span class=\"_ _15\"></span>a <span class=\"_ _10\"></span>2024 <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span><span class=\"lse\">2025</span> <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>l\u00edmite <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el <span class=\"_ _15\"></span>50% <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>apro<span class=\"_ _6\"></span>vechamiento<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>p<span class=\"_ _6\"></span>\u00e9rdidas <span class=\"_ _15\"></span>por <span class=\"_ _15\"></span>los <span class=\"_ _15\"></span>grupo<span class=\"_ _6\"></span>s fiscales <span class=\"_ _6\"></span>(regulada <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>disposici\u00f3n <span class=\"_ _6\"></span>adicional <span class=\"_ _15\"></span>19\u00aa <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Ley <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>el IS)<span class=\"_ _6\"></span>, <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>forma <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se<span class=\"_ _6\"></span> <span class=\"_ _6\"></span> <span class=\"_ _6\"></span>limita <span class=\"_ _15\"></span>el impo<span class=\"_ _6\"></span>rte <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>las<span class=\"_ _6\"></span> bases <span class=\"_ _0\"></span>imponibles <span class=\"_ _11\"></span>negativas <span class=\"_ _0\"></span>individuales <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>cada <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>entidad<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>integran <span class=\"_ _0\"></span>e<span class=\"_ _6\"></span>l <span class=\"_ _0\"></span>grupo <span class=\"_ _0\"></span>fis<span class=\"_ _6\"></span>cal <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el Impuesto sobre Sociedades en un <span class=\"_ _1\"></span>50% (dicha limitaci\u00f3n se <span class=\"_ _1\"></span>recuperar\u00e1 en la base im<span class=\"_ _1\"></span>ponible del grupo fiscal, v\u00eda ajuste n<span class=\"_ _6\"></span>egativo por d\u00e9cimas p<span class=\"_ _6\"></span>artes en cada uno d<span class=\"_ _6\"></span>e los <span class=\"_ _6\"></span>siguientes diez periodos<span class=\"_ _6\"></span> impositivos<span class=\"_ _6\"></span>). 32.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Conciliaci\u00f3n en<span class=\"_ _1\"></span>tre el result<span class=\"_ _1\"></span>ado contab<span class=\"_ _1\"></span>le y la base impo<span class=\"_ _1\"></span>nible del </span></span>Impuesto sob<span class=\"_ _1\"></span>re Sociedades La <span class=\"_ _6\"></span>conciliaci\u00f3n <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>resultad<span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>contable <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>la bas<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>imponible <span class=\"_ _6\"></span>del Impu<span class=\"_ _6\"></span>esto <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>Beneficios <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>diciembre de 2024 y 2023 es co<span class=\"_ _6\"></span>mo sigue: Miles de Euros 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Resultado antes de impuestos (*) 32.350 (33.169) Diferencias permanentes- Con origen en resultados (3.792) (15.939) Con origen en patrimonio (20) (37) Diferencias temporales- Con origen en el ejercicio 10.238 (4.376) Con origen en ejercicio anteriores (20.833) (10.194) Ajustes de consolidaci\u00f3n 1.041 (1.683) Limitaci\u00f3n a la compensaci\u00f3n del 50% de bases imponibles negativas 15.715 45.303 Compensaci\u00f3n de bases imponibles negativas (12.829) (5.855) Base Imponible 21.870<span class=\"ls0_1\"> </span>(25.950)   <span class=\"ls0_1\">(*) El resultado an<span class=\"_ _6\"></span>tes de impuestos<span class=\"_ _6\"></span> procede \u00edntegramente de op<span class=\"_ _6\"></span>eraciones continu<span class=\"_ _6\"></span>adas<span class=\"_ _33\"> </span></span>La partida <span class=\"_ _e\"></span>\u201cDiferencias permanentes\u201d comprende los <span class=\"_ _1\"></span>gastos <span class=\"_ _1\"></span>e ingresos <span class=\"_ _1\"></span>contables que <span class=\"_ _e\"></span>no son <span class=\"_ _e\"></span>compu<span class=\"_ _6\"></span>tables de acuerdo <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>legislaci\u00f3n <span class=\"_ _0\"></span>fiscal <span class=\"_ _10\"></span>aplicable. <span class=\"_ _10\"></span>Adicion<span class=\"_ _6\"></span>almente, <span class=\"_ _10\"></span>tambi\u00e9n <span class=\"_ _10\"></span>incorp<span class=\"_ _6\"></span>ora <span class=\"_ _10\"></span>aquellos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>resultados<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>son objeto de <span class=\"_ _e\"></span>eli<span class=\"_ _6\"></span>minaci\u00f3n en el <span class=\"_ _e\"></span>p<span class=\"_ _6\"></span>roceso de <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>solidaci\u00f3n pero que, sin <span class=\"_ _1\"></span>embargo, tienen <span class=\"_ _1\"></span>plena eficacia f<span class=\"_ _1\"></span>iscal en el \u00e1mbito de las liqu<span class=\"_ _6\"></span>idaciones fiscales in<span class=\"_ _6\"></span>dividuales d<span class=\"_ _6\"></span>e las correspo<span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>dientes entidades d<span class=\"_ _6\"></span>el Grupo.<span class=\"_ _6\"></span> Las <span class=\"_ _1c\"> </span>diferencias <span class=\"_ _17\"> </span>p<span class=\"_ _6\"></span>ermanentes <span class=\"_ _1c\"> </span>negativas <span class=\"_ _17\"> </span>con<span class=\"_ _6\"></span> <span class=\"_ _1c\"> </span>origen <span class=\"_ _17\"> </span>en <span class=\"_ _1c\"> </span>resultados <span class=\"_ _1c\"> </span>en <span class=\"_ _1c\"> </span>2024 <span class=\"_ _1c\"> </span>y <span class=\"_ _1c\"> </span>2023 <span class=\"_ _1e\"> </span>s<span class=\"_ _6\"></span>e <span class=\"_ _1c\"> </span>corresponden, principalmente, <span class=\"_ _18\"> </span>con <span class=\"_ _1e\"> </span>la <span class=\"_ _18\"> </span>no <span class=\"_ _18\"> </span>s<span class=\"_ _6\"></span>ujeci\u00f3n <span class=\"_ _18\"> </span>a <span class=\"_ _1e\"> </span>tributaci\u00f3n <span class=\"_ _1e\"> </span>del <span class=\"_ _18\"> </span>95% <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>las <span class=\"_ _1e\"> </span>plusval\u00edas<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>obtenidas <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>la <span class=\"_ _1e\"> </span>venta <span class=\"_ _18\"> </span>de participaciones tenedora<span class=\"_ _6\"></span>s de proyectos<span class=\"_ _6\"></span> fotovoltaicos a<span class=\"_ _6\"></span>s\u00ed como de los divid<span class=\"_ _6\"></span>endos recibidos. <span class=\"_ _6\"></span> Por <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>u <span class=\"_ _12\"> </span>parte,  las <span class=\"_ _12\"> </span>diferencias  tem<span class=\"_ _1\"></span>porales  tienen <span class=\"_ _12\"> </span>su  origen, <span class=\"_ _12\"> </span>principalmente,  en <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>reversi\u00f3n  o <span class=\"_ _12\"> </span>bien  en <span class=\"_ _12\"> </span>la aplicaci\u00f3n a su<span class=\"_ _6\"></span> finalidad de p<span class=\"_ _6\"></span>rovisiones y deterioros registrad<span class=\"_ _6\"></span>os en ejercicios anteriores<span class=\"_ _6\"></span>.<span class=\"_ _33\"> </span>32.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Conciliaci\u00f3n en<span class=\"_ _1\"></span>tre el result<span class=\"_ _1\"></span>ado contab<span class=\"_ _1\"></span>le y el gasto por Impu<span class=\"_ _1\"></span>esto </span></span>sobre Sociedad<span class=\"_ _1\"></span>es La conciliaci\u00f3n del resu<span class=\"_ _6\"></span>ltado contab<span class=\"_ _6\"></span>le y la base impon<span class=\"_ _6\"></span>ible del Impuesto sobre Sociedades<span class=\"_ _6\"></span> a 31 de diciembre de 2024 y<span class=\"_ _6\"></span> 2023 es como s<span class=\"_ _6\"></span>igue<span class=\"ff3\">:<span class=\"_ _33\"> </span></span>Miles de Euros 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Resultado antes de impuestos (*) 32.350 (33.169) Diferencias permanentes-  Con origen en resultados (3.792) (15.939) Bases imponibles negativas y diferencias temporales de ejercicios anteriores no reconocidas como activo 30.640 6.851 Eliminaci\u00f3n del resultado de las entidades no residen<span class=\"_ _1\"></span>tes en Espa\u00f1a<span class=\"_ _6\"></span> 328<span class=\"ls0_1\"> </span>(168) Eliminaciones / incorporaciones de consolidaci\u00f3n 1.486 (1.600) Base contable 61.012<span class=\"ls0_1\"> </span>(44.025) Cuota 15.253<span class=\"ls0_1\"> </span>(11.006) Deducciones y ajustes impositivos del ejercicio anteri<span class=\"_ _1\"></span>or<span class=\"_ _6\"></span> (2.920) (1.009) Imposici\u00f3n sociedades no residentes en Espa\u00f1a (103) (84) Gasto / (Ingreso)  por Impuesto sobre Beneficios 12.230<span class=\"ls0_1\"> </span>(12.099)   <span class=\"ls0_1\">(*) El resultado an<span class=\"_ _6\"></span>tes de impuestos<span class=\"_ _6\"></span> procede \u00edntegramente de op<span class=\"_ _6\"></span>eraciones continu<span class=\"_ _6\"></span>adas<span class=\"_ _6\"></span> </span>Por <span class=\"_ _0\"></span>su <span class=\"_ _11\"></span>parte, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>distribuci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Gasto <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>impuesto <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>obre <span class=\"_ _0\"></span>Sociedades <span class=\"_ _0\"></span>por <span class=\"_ _11\"> </span>los <span class=\"_ _0\"></span>distintos <span class=\"_ _11\"></span>conceptos <span class=\"_ _0\"></span>que <span class=\"_ _11\"></span>lo conforman en 202<span class=\"_ _6\"></span>4 y 2023 es <span class=\"_ _6\"></span>la siguiente:<span class=\"_ _6\"></span> Miles de Euros 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Impuesto corriente y otros                <span class=\"ls0_1\">6.827  </span>                  <span class=\"ls9\">735 <span class=\"ls0_1\"> </span></span>Por impuesto diferido                <span class=\"ls0_1\">5.403  </span>            <span class=\"ls0_1\">(12.834) </span>Gasto / (Ingreso)  por Impuesto sobre Beneficios              <span class=\"ls9\">12.230 <span class=\"ls0_1\"> </span></span>            <span class=\"ls0_1\">(12.099) </span>32.4<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\"> Activos y pasi<span class=\"_ _1\"></span>vos por impu<span class=\"_ _1\"></span>esto diferido recon<span class=\"_ _1\"></span>ocidos </span></span>Las <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ariaciones <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _10\"></span>durante <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>20<span class=\"_ _6\"></span>23 <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>estos <span class=\"_ _10\"></span>ep\u00edgrafes <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>de Situaci\u00f3n Financiera Cons<span class=\"_ _6\"></span>olidado h<span class=\"_ _6\"></span>an sido las siguientes:<span class=\"_ _33\"> </span>Activos por Impuesto D<span class=\"_ _6\"></span>iferido<span class=\"_ _6\"></span> Miles de Euros A\u00f1o 2024 Saldo al 01/01/2024 Variaciones del per\u00edmetro (Nota 6) Aumentos Disminuciones Traspasos y <span class=\"ls0_1\">otros </span>Saldo al 31/12/2024 Impuestos diferidos de activo reconocidos en resultad<span class=\"_ _1\"></span>os-<span class=\"_ _6\"></span> Amortizaci\u00f3n de activos no corrientes 939<span class=\"ls0_1\"> </span>- - (940) 1 - Deterioro en activos no corrientes 3.819 - 245<span class=\"ls0_1\"> </span>(1.788) - 2.276 Provisiones  2.625 - 927<span class=\"ls0_1\"> </span>(2.356) - 1.196 Compromisos con el personal 1.889 - 507<span class=\"ls0_1\"> </span>(100) 69<span class=\"ls0_1\"> </span>2.365 Deterioro activos corrientes 2.457 - 1.362 (65) (113) 3.641 Limitaci\u00f3n gastos financieros y otros 60<span class=\"ls0_1\"> </span>- - (42) - 18<span class=\"ls0_1\"> </span>Arrendamientos (IFRS-<span class=\"ls9\">16)</span> 8.074 - 503<span class=\"ls0_1\"> </span>(64) - 8.513 Sociedades no residentes y ajustes de consolidaci\u00f3n 3.139 - 1 (147) (1) 2.992 -<span class=\"ff1_1 fs4\"> </span>Bases Imponibles Negativas 60.275 917<span class=\"ls0_1\"> </span>1.486 (4.280) (260) 58.138 Deducciones 11.278 69<span class=\"ls0_1\"> </span>669<span class=\"ls0_1\"> </span>(2.819) 2.507 11.704 94.555<span class=\"ls0_1\"> </span>986<span class=\"ls0_1\"> </span>5.700<span class=\"ls0_1\"> </span>(12.601) 2.203<span class=\"ls0_1\"> </span>90.843<span class=\"ls0_1\"> </span>Impuestos diferidos de activo reconocidos en patri<span class=\"_ _1\"></span>monio-<span class=\"_ _6\"></span> Derivados de cobertura (Nota 30) 441<span class=\"ls0_1\"> </span>- 2.556 - - 2.997 441<span class=\"ls0_1\"> </span>- 2.556<span class=\"ls0_1\"> </span>- - 2.997<span class=\"ls0_1\"> </span>Total 94.996<span class=\"ls0_1\"> </span>93.840<span class=\"ls0_1\"> </span>Miles de Euros A\u00f1o 2023 Saldo al 01/01/2023 Aumentos Disminuciones Traspasos y otros Saldo al 31/12/2023 Impuestos diferidos de activo reconocidos en resultad<span class=\"_ _1\"></span>os-<span class=\"_ _6\"></span> Amortizaci\u00f3n de activos no corrientes 1.879 - (940) - 939<span class=\"ls0_1\"> </span>Deterioro en activos no corrientes 5.800 253<span class=\"ls0_1\"> </span>(2.769) 535<span class=\"ls0_1\"> </span>3.819 Provisiones  3.259 - (635) 1 2.625 Compromisos con el personal 1.460 336<span class=\"ls0_1\"> </span>(1) 94<span class=\"ls0_1\"> </span>1.889 Deterioro activos corrientes 2.577 314<span class=\"ls0_1\"> </span>(433) (1) 2.457 Limitaci\u00f3n gastos financieros y otros 118<span class=\"ls0_1\"> </span>- (42) (16) 60<span class=\"ls0_1\"> </span>Arrendamientos (IFRS-<span class=\"ls9\">16)</span> 7.693 293<span class=\"ls0_1\"> </span>- 88<span class=\"ls0_1\"> </span>8.074 Sociedades no residentes y ajustes de consolidaci\u00f3n 3.374 12<span class=\"ls0_1\"> </span>(159) (88) 3.139 Bases Imponibles Negativas 44.583 18.375 (1.482) (1.201) 60.275 Deducciones 9.875 4 (6) 1.405 11.278 80.618<span class=\"ls0_1\"> </span>19.587<span class=\"ls0_1\"> </span>(6.467) 817<span class=\"ls0_1\"> </span>94.555<span class=\"ls0_1\"> </span>Impuestos diferidos de activo reconocidos en patrimo<span class=\"_ _1\"></span>nio-<span class=\"_ _6\"></span> Derivados de cobertura (Nota 30) 89<span class=\"ls0_1\"> </span>706<span class=\"ls0_1\"> </span>(353) (1) 441<span class=\"ls0_1\"> </span>89<span class=\"ls0_1\"> </span>706<span class=\"ls0_1\"> </span>(353) (1) 441<span class=\"ls0_1\"> </span>Total 80.707<span class=\"ls0_1\"> </span>94.996<span class=\"_ _33\"> </span>La <span class=\"_ _10\"></span>Ley <span class=\"_ _10\"></span>27/2014, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>27 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>noviembre, <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>I<span class=\"_ _6\"></span>mpuesto <span class=\"_ _10\"></span>sob<span class=\"_ _6\"></span>re <span class=\"_ _15\"></span>Sociedad<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>elimin\u00f3 <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>efectos <span class=\"_ _10\"></span>1 <span class=\"_ _10\"></span>de <span class=\"_ _11\"></span>enero <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span>l 2015 <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>plazo <span class=\"_ _10\"></span>establecido <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>compensaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>bases <span class=\"_ _15\"></span>impon<span class=\"_ _6\"></span>ibles <span class=\"_ _10\"></span>negativas, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>pas\u00f3 <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>ser ilimitado, y ampli\u00f3 al menos<span class=\"_ _6\"></span> a 15 a\u00f1os el p<span class=\"_ _6\"></span>lazo general de compensaci\u00f3n<span class=\"_ _6\"></span> de las dedu<span class=\"_ _6\"></span>cciones.<span class=\"_ _6\"></span> ENCE <span class=\"_ _1b\"> </span>s\u00f3lo <span class=\"_ _1b\"> </span>reconoce <span class=\"_ _1b\"> </span>activos <span class=\"_ _1b\"> </span>por <span class=\"_ _1b\"> </span>impuesto <span class=\"_ _1b\"> </span>diferido <span class=\"_ _1b\"> </span>cuando <span class=\"_ _1b\"> </span>considera <span class=\"_ _1b\"> </span>probable <span class=\"_ _1b\"> </span>que <span class=\"_ _1c\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span>entidades (individualmente  o  de <span class=\"_ _12\"> </span>forma  consolidada)  que <span class=\"_ _12\"> </span>los  han  g<span class=\"_ _e\"></span>enerado<span class=\"_ _6\"></span>  van <span class=\"_ _1a\"> </span>a <span class=\"_ _12\"> </span>tener  en  el <span class=\"_ _12\"> </span>futuro  suficientes ganancias <span class=\"_ _0\"></span>fiscales <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>hacerlos <span class=\"_ _0\"></span>efectivos.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>sentido, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>cada <span class=\"_ _0\"></span>cierre <span class=\"_ _10\"></span>conta<span class=\"_ _6\"></span>ble <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>revis<span class=\"_ _6\"></span>an <span class=\"_ _0\"></span>los impuestos <span class=\"_ _0\"></span>diferidos <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>registrados,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>fin <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>comprob<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>mantienen <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>igentes <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e consideran <span class=\"_ _1\"></span>recuperables <span class=\"_ _e\"></span>en un <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>roximado <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>10 <span class=\"_ _e\"></span>a\u00f1<span class=\"_ _6\"></span>os. <span class=\"_ _e\"></span>Dichos an\u00e1lisis <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>basan e<span class=\"_ _1\"></span>n: <span class=\"_ _e\"></span>(i) <span class=\"_ _e\"></span>la consideraci\u00f3n de hip\u00f3tesis para<span class=\"_ _1\"></span> concluir <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>existencia de suficientes ganancias f<span class=\"_ _1\"></span>iscales que <span class=\"_ _1\"></span>permitan <span class=\"_ _1\"></span>compensar dichas p\u00e9rdidas <span class=\"_ _15\"></span>fiscales <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>coin<span class=\"_ _6\"></span>ciden <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>utilizad<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>ejecuci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>test <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>deterioro <span class=\"_ _15\"></span>sobre <span class=\"_ _15\"></span>activo<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>no financieros <span class=\"_ _6\"></span>(v\u00e9ase <span class=\"_ _6\"></span>Nota <span class=\"_ _6\"></span>19); <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>(ii) <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>per\u00edodo <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>l\u00edmites <span class=\"_ _6\"></span>establecidos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>legislac<span class=\"_ _15\"></span>i\u00f3n <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>recuperaci\u00f3n <span class=\"_ _6\"></span>de los cr\u00e9ditos fiscales<span class=\"_ _6\"></span>. Los <span class=\"_ _10\"></span>flujos <span class=\"_ _10\"></span>previstos <span class=\"_ _10\"></span>permiten <span class=\"_ _10\"></span>concluir <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>activos <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>impuesto <span class=\"_ _10\"></span>diferido <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>reconocidos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>como activo <span class=\"_ _0\"></span>son <span class=\"_ _0\"></span>recuperables <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>plazo <span class=\"_ _0\"></span>aproximado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>10 <span class=\"_ _10\"></span>a\u00f1<span class=\"_ _6\"></span>os<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _10\"></span>importe <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>diferencias<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>tempora<span class=\"_ _6\"></span>les <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> bases <span class=\"_ _6\"></span>imponibles <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>egativas <span class=\"_ _6\"></span>acreditad<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Espa\u00f1a <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>reconocidas <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Estado <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e Situ<span class=\"_ _6\"></span>aci\u00f3n finan<span class=\"_ _6\"></span>ciera <span class=\"_ _6\"></span>al 31 <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>dici<span class=\"_ _6\"></span>embre <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>2024<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>asciende <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span><span class=\"ls36\">42<span class=\"ls10\">,6</span></span> <span class=\"_ _12\"> </span><span class=\"ff6\">millones <span class=\"_ _11\"> </span>\u20ac <span class=\"_ _12\"> </span>y  (</span>16,5 <span class=\"_ _11\"> </span>mi<span class=\"_ _6\"></span>llones <span class=\"_ _12\"> </span><span class=\"ff6\">\u20ac <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>31 <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>dici<span class=\"_ _6\"></span>embre <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>2<span class=\"_ _6\"></span>02</span>3).<span class=\"_ _6\"></span> Adicionalmente, <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>recon<span class=\"_ _6\"></span>ocen <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>BIN\u00b4s <span class=\"_ _15\"></span>acreditadas <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>Portugal <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>1,4 <span class=\"_ _15\"></span>millones <span class=\"_ _15\"></span>\u20ac <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>ci<span class=\"_ _6\"></span><span class=\"ff4\">erre<span class=\"_ _6\"></span> </span>de 2023. Tienen <span class=\"_ _11\"></span>un <span class=\"_ _11\"></span>car\u00e1cter <span class=\"_ _11\"></span>previo <span class=\"_ _11\"> </span>a <span class=\"_ _11\"></span>su <span class=\"_ _11\"></span>incorporaci\u00f3n <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>Grupo, <span class=\"_ _11\"></span>BIN\u00b4s <span class=\"_ _11\"></span>pendientes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>aprovechamiento <span class=\"_ _11\"></span>al <span class=\"_ _11\"></span>31 <span class=\"_ _11\"></span>de diciembre de 2024 po<span class=\"_ _6\"></span>r importe de 19,4 <span class=\"_ _6\"></span><span class=\"ff6\">millones \u20ac y d<span class=\"_ _6\"></span>educciones por importe d<span class=\"_ _6\"></span>e </span>5,3 <span class=\"_ _6\"></span><span class=\"ff6\">millones \u20ac.</span> Pasivos por Impuesto<span class=\"_ _6\"></span> Diferido<span class=\"_ _6\"></span> Miles de Euros A\u00f1o 2024 Saldo al 01/01/2024 Aumentos Disminuciones Traspasos y otros Saldo al 31/12/2024 Reconocidos en resultados- Libertad de amortizaci\u00f3n (RDL 4/2004) 379<span class=\"ls0_1\"> </span>- (121) - 258<span class=\"ls0_1\"> </span>Gastos financieros 18<span class=\"ls0_1\"> </span>- (16) - 2 Dividendos futuros 1.926 - - (1.926) - Arrendamientos (IFRS-<span class=\"ls9\">16)</span> 7.887 399<span class=\"ls0_1\"> </span>(70) - 8.216 Ajustes de consolidaci\u00f3n y otros 1.838 585<span class=\"ls0_1\"> </span>(86) (40) 2.297 12.048<span class=\"ls0_1\"> </span>984<span class=\"ls0_1\"> </span>(293) (1.966) 10.773<span class=\"ls0_1\"> </span>Reconocidos en patrimonio- Revalorizaci\u00f3n suelos forestales (Nota 16.3) 13.510 - - - 13.510 Derivados de cobertura (Nota 30) 968<span class=\"ls0_1\"> </span>- (969) 1 - Dividendos futuros - 61<span class=\"ls0_1\"> </span>1.926 1.987 Ajustes de consolidaci\u00f3n y otros 472<span class=\"ls0_1\"> </span>6.509 (1.398) - 5.583 14.950<span class=\"ls0_1\"> </span>6.570<span class=\"ls0_1\"> </span>(2.367) 1.927<span class=\"ls0_1\"> </span>21.080<span class=\"ls0_1\"> </span>Total 26.998<span class=\"ls0_1\"> </span>31.853<span class=\"_ _33\"> </span>Miles de Euros A\u00f1o 2023 Saldo al 01/01/2023 Aumentos Disminuciones Traspasos y otros Saldo al 31/12/2023 Reconocidos en resultados- Libertad de amortizaci\u00f3n (RDL 4/2004) 549<span class=\"ls0_1\"> </span>- (170) - 379<span class=\"ls0_1\"> </span>Gastos financieros 35<span class=\"ls0_1\"> </span>- (16) (1) 18<span class=\"ls0_1\"> </span>Dividendos futuros - - - 1.926 1.926 Arrendamientos (IFRS-<span class=\"ls9\">16)</span> 7.795 95<span class=\"ls0_1\"> </span>- (3) 7.887 Ajustes de consolidaci\u00f3n y otros 3.714 2.281 (2.420) (1.737) 1.838 12.093<span class=\"ls0_1\"> </span>2.376<span class=\"ls0_1\"> </span>(2.606) 185<span class=\"ls0_1\"> </span>12.048<span class=\"ls0_1\"> </span>Reconocidos en patrimonio- Revalorizaci\u00f3n suelos forestales (Nota 16.3) 13.510 - - - 13.510 Bono convertible (Nota 28) 137<span class=\"ls0_1\"> </span>- (137) - - Derivados de cobertura (Nota 30) - 1 (777) 1.744 968<span class=\"ls0_1\"> </span>Ajustes de consolidaci\u00f3n y otros 1.978 338<span class=\"ls0_1\"> </span>(97) (1.747) 472<span class=\"ls0_1\"> </span>15.625<span class=\"ls0_1\"> </span>339<span class=\"ls0_1\"> </span>(1.011) (3) 14.950<span class=\"ls0_1\"> </span>Total 27.718<span class=\"ls0_1\"> </span>26.998<span class=\"_ _33\"> </span>32.5<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Ejercicios pen<span class=\"_ _1\"></span>dientes de c<span class=\"_ _1\"></span>omprobaci\u00f3n y a<span class=\"_ _1\"></span>ctuaciones inspe<span class=\"_ _e\"></span>c<span class=\"_ _6\"></span>toras </span></span>Seg\u00fan las disp<span class=\"_ _6\"></span>osiciones fiscale<span class=\"_ _6\"></span>s vigentes, las<span class=\"_ _6\"></span> liquidaciones<span class=\"_ _6\"></span> de impuestos n<span class=\"_ _6\"></span>o pueden cons<span class=\"_ _6\"></span>iderarse definitivas hasta qu<span class=\"_ _6\"></span>e no han sido insp<span class=\"_ _6\"></span>eccionadas por <span class=\"_ _6\"></span>las autoridades fiscales o h<span class=\"_ _6\"></span>a transcu<span class=\"_ _6\"></span>rrido el plazo de prescripci\u00f3n establecido <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>cada <span class=\"_ _6\"></span>ju<span class=\"_ _6\"></span>risdicci\u00f3n <span class=\"_ _6\"></span>trib<span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>taria; <span class=\"_ _6\"></span>cuatro <span class=\"_ _6\"></span>a\u00f1os<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Espa\u00f1<span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>Portugal, <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>cinco <span class=\"_ _6\"></span>a\u00f1os <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Uruguay. <span class=\"_ _6\"></span>Lo<span class=\"_ _6\"></span>s Grupos fiscales tienen a<span class=\"_ _6\"></span>biertos a<span class=\"_ _6\"></span> comprobaci\u00f3n lo<span class=\"_ _6\"></span>s ejercicios 2021 <span class=\"_ _6\"></span>y s<span class=\"_ _6\"></span>iguientes.<span class=\"_ _33\"> </span>La  Agencia <span class=\"_ _12\"> </span>Tributaria  inici\u00f3  en <span class=\"_ _12\"> </span>ju<span class=\"_ _6\"></span>lio  de <span class=\"_ _12\"> </span>2022  un  procedi<span class=\"_ _1\"></span>miento  de <span class=\"_ _12\"> </span>comprobaci\u00f3<span class=\"_ _6\"></span>n  del <span class=\"_ _12\"> </span>Impues<span class=\"_ _6\"></span>to  sobre Sociedades <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Ence <span class=\"_ _6\"></span>Energ\u00eda <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>Celulos<span class=\"_ _6\"></span>a, <span class=\"_ _6\"></span>S.A. <span class=\"_ _6\"></span>(cabecera <span class=\"_ _6\"></span>del <span class=\"_ _15\"></span>Grupo <span class=\"_ _6\"></span>fiscal <span class=\"_ _6\"></span>con<span class=\"_ _6\"></span>solidado), <span class=\"_ _15\"></span>Celulosas <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Asturias, S.A. y <span class=\"_ _6\"></span>Magnon <span class=\"_ _6\"></span>Green E<span class=\"_ _6\"></span>nergy, S.L. <span class=\"_ _6\"></span>por <span class=\"_ _6\"></span>los <span class=\"_ _6\"></span>ejercicio<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>2018, 2019 <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>2020, as\u00ed <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>el I<span class=\"_ _6\"></span>mpuesto <span class=\"_ _6\"></span>sobre <span class=\"_ _6\"></span>el Valo<span class=\"_ _6\"></span>r A\u00f1adido (IVA) y Retencion<span class=\"_ _6\"></span>es declarado<span class=\"_ _6\"></span>s por dicha<span class=\"_ _6\"></span>s sociedades en los<span class=\"_ _6\"></span> ejercicios 2019 y 202<span class=\"_ _6\"></span>0. <span class=\"_ _6\"></span> El 13 de septiembre de 2023 s<span class=\"_ _6\"></span>e concluy\u00f3 el p<span class=\"_ _6\"></span>roceso a trav\u00e9s de la firma en con<span class=\"_ _6\"></span>formidad de actas p<span class=\"_ _6\"></span>or todos los impuestos comprobados. <span class=\"_ _e\"></span>El coste neto <span class=\"_ _1\"></span>total <span class=\"_ _1\"></span>para el <span class=\"_ _e\"></span>Grupo de e<span class=\"_ _1\"></span>sta comprobaci\u00f3n ha <span class=\"_ _e\"></span>sido de <span class=\"_ _e\"></span>0,9 millones \u20ac, <span class=\"_ _11\"></span>no <span class=\"_ _0\"></span>hab<span class=\"_ _6\"></span>i\u00e9ndose <span class=\"_ _11\"></span>impuesto <span class=\"_ _11\"></span>sanciones <span class=\"_ _11\"></span>relevant<span class=\"_ _6\"></span><span class=\"ff4\">es <span class=\"_ _11\"></span>por <span class=\"_ _0\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>conceptos <span class=\"_ _11\"></span>regularizados. <span class=\"_ _11\"></span>Adicionalmente, <span class=\"_ _0\"></span>est<span class=\"_ _6\"></span>e </span>proceso <span class=\"_ _18\"> </span>ha  confirmado <span class=\"_ _18\"> </span>las <span class=\"_ _18\"> </span>BIN\u00b4s  y <span class=\"_ _18\"> </span>deducciones <span class=\"_ _18\"> </span>acreditadas <span class=\"_ _18\"> </span>por  las <span class=\"_ _18\"> </span>sociedades <span class=\"_ _18\"> </span>del  Grupo,<span class=\"_ _6\"></span>  as<span class=\"_ _6\"></span>\u00ed  como deducciones  pendientes<span class=\"_ _6\"></span>  de  con<span class=\"_ _6\"></span>signaci\u00f3n <span class=\"_ _18\"> </span>en  las  declaracion<span class=\"_ _6\"></span>es  de  los <span class=\"_ _18\"> </span>ejercicios  comprob<span class=\"_ _6\"></span>ados  p<span class=\"_ _6\"></span>or  3,2 mill<span class=\"ff6\">ones \u20ac. </span> Por otra <span class=\"_ _1\"></span>parte, en <span class=\"_ _e\"></span>el marco del <span class=\"_ _1\"></span>proceso inspector, ENCE y <span class=\"_ _e\"></span>MAGNON han hecho <span class=\"_ _1\"></span>valer su <span class=\"_ _1\"></span>derecho a <span class=\"_ _e\"></span>impu<span class=\"_ _6\"></span>gnar determinadas <span class=\"_ _6\"></span>medidas fis<span class=\"_ _6\"></span>cales recogidas<span class=\"_ _6\"></span> en el <span class=\"_ _6\"></span>Real Decreto<span class=\"_ _6\"></span>-Ley <span class=\"_ _6\"></span>3/2016, a <span class=\"_ _6\"></span>trav\u00e9s <span class=\"_ _6\"></span>de la suscripci\u00f3n <span class=\"_ _6\"></span>de act<span class=\"_ _6\"></span>as en disconformidad, p<span class=\"_ _6\"></span>ara as\u00ed p<span class=\"_ _6\"></span>oder beneficiarse<span class=\"_ _6\"></span> de<span class=\"_ _6\"></span> una pote<span class=\"_ _6\"></span>ncial declaraci\u00f3n d<span class=\"_ _6\"></span>e su in<span class=\"_ _6\"></span>constitucion<span class=\"_ _6\"></span>alidad. En este sentido, <span class=\"_ _1\"></span>el 18 <span class=\"_ _1\"></span>de enero de <span class=\"_ _1\"></span>2024 el <span class=\"_ _1\"></span>Pleno del Tribunal <span class=\"_ _1\"></span>Constitu<span class=\"_ _6\"></span>cional estim\u00f3 por unanimidad la <span class=\"_ _e\"></span>cu<span class=\"_ _6\"></span>esti\u00f3n de <span class=\"_ _18\"> </span>incon<span class=\"_ _6\"></span>stitucionalid<span class=\"_ _6\"></span>ad <span class=\"_ _1e\"> </span>planteada <span class=\"_ _1e\"> </span>respecto <span class=\"_ _18\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>varias<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>m<span class=\"_ _6\"></span>odificaciones <span class=\"_ _1e\"> </span>del <span class=\"_ _18\"> </span>I<span class=\"_ _6\"></span>mpuesto <span class=\"_ _1e\"> </span>sobre <span class=\"_ _1e\"> </span>Sociedades<span class=\"_ _6\"></span> introducidas<span class=\"_ _6\"></span> <span class=\"_ _18\"> </span>por <span class=\"_ _18\"> </span>el <span class=\"_ _18\"> </span>Real <span class=\"_ _1e\"> </span>Decreto<span class=\"_ _6\"></span>-ley <span class=\"_ _18\"> </span>3/2<span class=\"_ _6\"></span>016, <span class=\"_ _18\"> </span>entr<span class=\"_ _6\"></span>e <span class=\"_ _18\"> </span>otras<span class=\"_ _6\"></span>, <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>limitaci\u00f3n <span class=\"_ _1e\"> </span>a <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>co<span class=\"_ _6\"></span>mpens<span class=\"_ _6\"></span>aci\u00f3n <span class=\"_ _18\"> </span>de <span class=\"_ _18\"> </span>b<span class=\"_ _6\"></span>ases imponibles <span class=\"_ _10\"></span>negativas<span class=\"_ _6\"></span>, <span class=\"_ _10\"></span>dej\u00e1n<span class=\"_ _6\"></span>dolas <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>in <span class=\"_ _10\"></span>efecto<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>En <span class=\"_ _0\"></span>este <span class=\"_ _10\"></span>senti<span class=\"_ _6\"></span>do, <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>es<span class=\"_ _6\"></span>tima <span class=\"_ _10\"></span>que <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>caso <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>pro<span class=\"_ _6\"></span>sperar <span class=\"_ _10\"></span>dicho<span class=\"_ _6\"></span>s recursos <span class=\"_ _11\"> </span>el <span class=\"_ _0\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>p<span class=\"_ _6\"></span>odr\u00eda <span class=\"_ _11\"></span>recuperar <span class=\"_ _0\"></span>cr\u00e9ditos<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>fiscales <span class=\"_ _0\"></span>por <span class=\"_ _11\"> </span>aproximadamente <span class=\"_ _11\"></span>20 <span class=\"_ _0\"></span><span class=\"ff6\">mil<span class=\"_ _6\"></span>lones <span class=\"_ _11\"></span>\u20ac, <span class=\"_ _11\"></span></span>junto <span class=\"_ _0\"></span>con <span class=\"_ _11\"></span>los correspondientes <span class=\"_ _6\"></span>intereses de demora.<span class=\"_ _6\"></span> Todas  las <span class=\"_ _11\"> </span>actu<span class=\"_ _6\"></span>aciones  rele<span class=\"_ _1\"></span>vantes <span class=\"_ _1a\"> </span>del <span class=\"_ _12\"> </span>Grupo<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>han  sido <span class=\"_ _11\"> </span>analizad<span class=\"_ _6\"></span>as  internamente <span class=\"_ _12\"> </span>y  t<span class=\"_ _e\"></span>amb<span class=\"_ _6\"></span>i\u00e9n <span class=\"_ _12\"> </span>po<span class=\"_ _6\"></span>r <span class=\"_ _12\"> </span>asesores externos, <span class=\"_ _10\"></span>tanto <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>este <span class=\"_ _10\"></span>ejercicio <span class=\"_ _15\"></span>como <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>precedentes, <span class=\"_ _10\"></span>determinand<span class=\"_ _6\"></span>o <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>estas <span class=\"_ _10\"></span>actuaciones <span class=\"_ _10\"></span>han <span class=\"_ _10\"></span>sido ajustadas <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>derecho <span class=\"_ _11\"> </span>y <span class=\"_ _11\"> </span>se <span class=\"_ _11\"> </span>basan <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>interpretaciones <span class=\"_ _11\"> </span>raz<span class=\"_ _15\"></span>onables <span class=\"_ _11\"> </span>de <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>norma <span class=\"_ _11\"> </span>tributa<span class=\"_ _6\"></span>ria. <span class=\"_ _11\"> </span>La <span class=\"_ _11\"> </span>existencia <span class=\"_ _11\"> </span>de<span class=\"_ _33\"> </span>incertidumbres <span class=\"_ _e\"></span>fiscal<span class=\"_ _6\"></span>es <span class=\"_ _1\"></span>es <span class=\"_ _e\"></span>igualmente <span class=\"_ _e\"></span>ob<span class=\"_ _6\"></span>jeto <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>an\u00e1lis<span class=\"_ _6\"></span>is <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>criterio ge<span class=\"_ _1\"></span>neral <span class=\"_ _1\"></span>del <span class=\"_ _e\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>cons<span class=\"_ _6\"></span>iste <span class=\"_ _e\"></span>en <span class=\"_ _1\"></span>considerar de <span class=\"_ _18\"> </span>forma  p<span class=\"_ _6\"></span>rudente <span class=\"_ _18\"> </span>dicha <span class=\"_ _18\"> </span>incertidu<span class=\"_ _6\"></span>mbre <span class=\"_ _18\"> </span>en <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>determinaci\u00f3n <span class=\"_ _18\"> </span>del <span class=\"_ _18\"> </span>impuesto. <span class=\"_ _18\"> </span>EN<span class=\"_ _6\"></span>CE <span class=\"_ _18\"> </span>no <span class=\"_ _18\"> </span>ha <span class=\"_ _18\"> </span>identificado incertidumbres fiscal<span class=\"_ _6\"></span>es que hayan<span class=\"_ _6\"></span> sido objeto d<span class=\"_ _6\"></span>e con<span class=\"_ _6\"></span>sideraci\u00f3n.  32.6<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Otra informaci\u00f3n<span class=\"_ _e\"></span> </span></span>Pago m\u00ednimo (Pilar II)<span class=\"_ _6\"></span> En diciembre de 2022<span class=\"_ _1\"></span> los Estados Miembros de <span class=\"_ _1\"></span>la Uni\u00f3n <span class=\"_ _1\"></span>Europea aprobaron la Directiva (<span class=\"_ _1\"></span>UE) 2022/2523, de 14 de diciembre, relativa a la <span class=\"_ _1\"></span>garant\u00eda de un nivel m\u00ednimo <span class=\"_ _1\"></span>global de imposici\u00f3n para los grupos de empresas multinacionales y para <span class=\"_ _e\"></span>los grupos nacionales de <span class=\"_ _e\"></span>gran magnitud en <span class=\"_ _1\"></span>la Uni\u00f3n <span class=\"_ _e\"></span>(Pilar II). Dicha <span class=\"_ _e\"></span>normativa h<span class=\"_ _6\"></span>a sido<span class=\"_ _1\"></span> transpuesta <span class=\"_ _15\"></span>al <span class=\"_ _6\"></span>ord<span class=\"_ _6\"></span>enamiento <span class=\"_ _6\"></span>espa\u00f1ol <span class=\"_ _15\"></span>a <span class=\"_ _6\"></span>trav\u00e9s <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Ley <span class=\"_ _15\"></span>7<span class=\"_ _6\"></span>/2024, <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>20 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>iciembre. <span class=\"_ _6\"></span>El <span class=\"_ _15\"></span>Grupo <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>evaluado dicha Directiva no <span class=\"_ _6\"></span>previ\u00e9ndose <span class=\"_ _6\"></span>impactos significativ<span class=\"_ _6\"></span>os por <span class=\"_ _6\"></span>su aplicaci\u00f3n. Reestructuraciones <span class=\"_ _10\"></span>societaria<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>acogidas <span class=\"_ _10\"></span>al <span class=\"_ _10\"></span>r\u00e9gimen <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>neutralida<span class=\"_ _6\"></span>d <span class=\"_ _10\"></span>fiscal <span class=\"_ _10\"></span>establecido <span class=\"_ _10\"></span>en <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>Cap\u00edtu<span class=\"_ _6\"></span>lo <span class=\"_ _10\"></span>VII <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>el T\u00edtulo VII de la Ley 27/2<span class=\"_ _6\"></span>014, de 27 de n<span class=\"_ _6\"></span>oviembre, del Impue<span class=\"_ _6\"></span>sto sob<span class=\"_ _6\"></span>re Sociedades<span class=\"_ _6\"></span> Magnon <span class=\"_ _10\"></span>Green <span class=\"_ _10\"></span>En<span class=\"_ _6\"></span>ergy, <span class=\"_ _10\"></span>S.L. <span class=\"_ _10\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>efectos <span class=\"_ _10\"></span>1 <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>enero <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>2024, <span class=\"_ _0\"></span>ha <span class=\"_ _10\"></span>realizado <span class=\"_ _0\"></span>una <span class=\"_ _15\"></span>segrega<span class=\"_ _6\"></span>ci\u00f3n <span class=\"_ _10\"></span>parcial <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>una rama de actividad en favor de <span class=\"_ _e\"></span>Magnon<span class=\"_ _6\"></span> Biomasa, S.L.U., consistente en la transmisi\u00f3n del n<span class=\"_ _1\"></span>egocio de trading y compraventa d<span class=\"_ _6\"></span>e la biomas<span class=\"_ _6\"></span>a que constit<span class=\"_ _6\"></span>uye la m<span class=\"_ _6\"></span>ateria prima d<span class=\"_ _6\"></span>e la activid<span class=\"_ _6\"></span>ad de generac<span class=\"_ _6\"></span>i\u00f3n el\u00e9ctrica, j<span class=\"_ _6\"></span>unto con <span class=\"_ _e\"></span>los <span class=\"_ _e\"></span>activos<span class=\"_ _6\"></span>, <span class=\"_ _e\"></span>pasiv<span class=\"_ _6\"></span>os, <span class=\"_ _e\"></span>derechos, <span class=\"_ _e\"></span>obligaciones <span class=\"_ _e\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>relaciones <span class=\"_ _e\"></span>ju<span class=\"_ _6\"></span>r\u00eddicas. <span class=\"_ _e\"></span>En <span class=\"_ _e\"></span>con<span class=\"_ _6\"></span>traprestaci\u00f3n, <span class=\"_ _e\"></span>Ma<span class=\"_ _6\"></span>gnon <span class=\"_ _e\"></span>Biomasa, S.L.U. <span class=\"_ _0\"></span>aumentar\u00e1 <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>u <span class=\"_ _0\"></span>capital <span class=\"_ _0\"></span>social <span class=\"_ _11\"></span>siendo <span class=\"_ _0\"></span>asumida <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>totalida<span class=\"_ _6\"></span>d <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>particip<span class=\"_ _6\"></span>aciones <span class=\"_ _11\"> </span>n<span class=\"_ _6\"></span>uevas <span class=\"_ _0\"></span>creadas <span class=\"_ _0\"></span>por Magnon <span class=\"_ _15\"></span>Green <span class=\"_ _15\"></span>E<span class=\"_ _6\"></span>nergy, <span class=\"_ _15\"></span>S.L. <span class=\"_ _10\"></span>s<span class=\"_ _6\"></span>iendo <span class=\"_ _10\"></span>el <span class=\"_ _15\"></span>valor <span class=\"_ _10\"></span>contable <span class=\"_ _15\"></span>de <span class=\"_ _10\"></span>la <span class=\"_ _15\"></span>escisi\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>de <span class=\"_ _15\"></span><span class=\"ff6\">0,1 <span class=\"_ _10\"></span>miles <span class=\"_ _15\"></span>\u20ac <span class=\"_ _15\"></span>mient<span class=\"_ _6\"></span>ras <span class=\"_ _10\"></span>que <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>alor <span class=\"_ _15\"></span>de </span>mercado de la escisi\u00f3n <span class=\"_ _6\"></span>se estima en <span class=\"_ _6\"></span><span class=\"ff6\">7.417 mil<span class=\"_ _6\"></span>es \u20ac. </span> ENCE <span class=\"_ _11\"> </span> <span class=\"_ _11\"> </span>ha <span class=\"_ _11\"> </span>comunicado <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>Administraci\u00f3n <span class=\"_ _11\"> </span>Tributaria, <span class=\"_ _11\"> </span>las <span class=\"_ _11\"> </span>siguientes <span class=\"_ _11\"> </span>operaciones<span class=\"_ _15\"></span> <span class=\"_ _11\"> </span>realiz<span class=\"_ _6\"></span>adas <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>ejercicios anteriores; <span class=\"_ _11\"> </span>1) <span class=\"_ _11\"> </span>aportaci\u00f3n <span class=\"_ _11\"> </span>no <span class=\"_ _11\"> </span>dineraria <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>Magnon <span class=\"_ _11\"> </span>Green <span class=\"_ _11\"> </span>Energy, <span class=\"_ _11\"> </span>S.L.U. <span class=\"_ _11\"> </span>en <span class=\"_ _11\"> </span>el <span class=\"_ _11\"></span>a\u00f1o <span class=\"_ _11\"> </span>2020 <span class=\"_ _11\"></span>de <span class=\"_ _11\"></span>determinados activos <span class=\"_ _15\"></span>industriales <span class=\"_ _6\"></span>(que <span class=\"_ _15\"></span>incluyen <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>presa <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>El <span class=\"_ _15\"></span>Sancho) <span class=\"_ _6\"></span>ubicados <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>Huelva <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>eto <span class=\"_ _6\"></span>contab<span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>de 13.562 <span class=\"_ _11\"> </span>miles <span class=\"_ _12\"> </span>\u20ac <span class=\"_ _11\"> </span>y <span class=\"_ _12\"> </span>un <span class=\"_ _11\"> </span>v<span class=\"_ _6\"></span>alor <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>mercado, <span class=\"_ _12\"> </span>que <span class=\"_ _11\"> </span>coincid<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>co<span class=\"_ _6\"></span>n <span class=\"_ _11\"> </span>el <span class=\"_ _11\"> </span>v<span class=\"_ _15\"></span>alor <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>aportaci\u00f3n, <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>26.923 <span class=\"_ _11\"> </span>mi<span class=\"_ _6\"></span>les <span class=\"_ _11\"> </span>\u20ac, <span class=\"_ _11\"> </span>2<span class=\"_ _6\"></span>) aportaci\u00f3n <span class=\"_ _12\"> </span>no <span class=\"_ _11\"> </span>din<span class=\"_ _6\"></span>eraria <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>Magn<span class=\"_ _6\"></span>on <span class=\"_ _11\"> </span>Green <span class=\"_ _11\"> </span>E<span class=\"_ _6\"></span>nergy, <span class=\"_ _11\"> </span>S.L.<span class=\"_ _6\"></span>U. <span class=\"_ _11\"> </span>en <span class=\"_ _12\"> </span>el <span class=\"_ _11\"> </span>a\u00f1o <span class=\"_ _12\"> </span>2018 <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _11\"> </span>terrenos <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>un <span class=\"_ _11\"> </span>valo<span class=\"_ _6\"></span>r <span class=\"_ _11\"> </span>neto c<span class=\"ff6\">ontable de 779 miles \u20ac, un valo<span class=\"_ _6\"></span>r de aportaci\u00f3n d<span class=\"_ _6\"></span>e 2.460 miles \u20ac y un valor de mercado de 3.166 m<span class=\"_ _6\"></span>iles \u20ac, 3) </span>aportaci\u00f3n <span class=\"_ _1\"></span>no <span class=\"_ _e\"></span>dineraria <span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>Ence <span class=\"_ _e\"></span>Renov<span class=\"_ _6\"></span>ables <span class=\"_ _1\"></span>SL <span class=\"_ _e\"></span>en <span class=\"_ _e\"></span>el <span class=\"_ _e\"></span>a\u00f1<span class=\"_ _6\"></span>o <span class=\"_ _e\"></span>2023 <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _e\"></span>participaciones<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>de <span class=\"_ _1\"></span>Magnon <span class=\"_ _e\"></span>Green <span class=\"_ _e\"></span>Energy, S.L.U. <span class=\"_ _6\"></span>que <span class=\"_ _15\"></span>suponen <span class=\"_ _15\"></span>el <span class=\"_ _6\"></span>51<span class=\"_ _6\"></span>% <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>su <span class=\"_ _15\"></span>capital <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _6\"></span><span class=\"ff6\">cial, <span class=\"_ _15\"></span>con <span class=\"_ _6\"></span>un<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>valor <span class=\"_ _6\"></span>neto <span class=\"_ _15\"></span>contable <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>112.528 <span class=\"_ _15\"></span>miles <span class=\"_ _15\"></span>\u20ac, <span class=\"_ _6\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _6\"></span>valo<span class=\"_ _6\"></span>r <span class=\"_ _6\"></span>de </span>aportaci\u00f3n d<span class=\"_ _6\"></span>e 113.960 miles \u20ac y u<span class=\"_ _6\"></span>n valor de mercado de 12<span class=\"_ _6\"></span>4.925 miles \u20ac.<span class=\"_ _15\"></span><span class=\"ff4\"> </span>A ra\u00edz <span class=\"_ _6\"></span>de la<span class=\"_ _6\"></span> venta<span class=\"_ _6\"></span> del <span class=\"_ _6\"></span>49% <span class=\"_ _6\"></span>de l<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>participaciones <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>Magnon <span class=\"_ _6\"></span>Green <span class=\"_ _6\"></span>Energy, <span class=\"_ _6\"></span>S.L. <span class=\"_ _6\"></span>en 2<span class=\"_ _6\"></span>020, E<span class=\"_ _6\"></span>NCE <span class=\"_ _6\"></span>ha trib<span class=\"_ _6\"></span>utado por el 49% de la plusv<span class=\"_ _6\"></span>al\u00eda generada en las<span class=\"_ _6\"></span> dos primeras a<span class=\"_ _6\"></span>portaciones se\u00f1alad<span class=\"_ _6\"></span>as.<span class=\"_ _6\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "31/<span class=\"ls9\">12<span class=\"ls22\">/2024</span></span> 31/12/2023<span class=\"ls0_1\"> </span>Miles de Euros Activo Pasivo Activo Pasivo Partidas no corrientes-  Activo por impuestos diferidos      <span class=\"ls0_1\">93.840  </span>                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>      <span class=\"ls0_1\">94.996  </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Pasivo por impuestos diferidos    <span class=\"ls0_1\">(31.853) </span>                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>    <span class=\"ls0_1\">(26.998) </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Total 61.987 <span class=\"ls0_1\"> </span>                <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>67.998 <span class=\"ls0_1\"> </span>              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Partidas corrientes- Hacienda P\u00fablica por IVA       <span class=\"ls0_1\">18.134  </span>          <span class=\"ls0_1\">5.506  </span>        <span class=\"ls0_1\">7.931  </span>        <span class=\"ls0_1\">3.791  </span>Impuesto de Sociedades del ejercicio corriente        <span class=\"ls0_1\">6.569  </span>               <span class=\"ls9\">26 <span class=\"ls0_1\"> </span></span>      <span class=\"ls0_1\">14.993  </span>             <span class=\"ls9\">44 <span class=\"ls0_1\"> </span></span>Impuesto a la generaci\u00f3n de electricidad              <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>          <span class=\"ls0_1\">4.224  </span>- - Hacienda P\u00fablica por diversos conceptos           <span class=\"ls9\">421 <span class=\"ls0_1\"> </span></span>          <span class=\"ls0_1\">4.835  </span>           <span class=\"ls9\">382 <span class=\"ls0_1\"> </span></span>        <span class=\"ls0_1\">5.374  </span>Total 25.124 <span class=\"ls0_1\"> </span>14.591 <span class=\"ls0_1\"> </span>23.306 <span class=\"ls0_1\"> </span>9.209<span class=\"_ _33\"> </span><div class=\"c_1 w31 h23 gs812\"><div class=\"t_1 m0_1 x2d h54 y8f ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"c_1 w1ee h23 gs813\"><div class=\"t_1 m0_1 xda h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2024<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1ef h23 gs814\"><div class=\"t_1 m0_1 x1e h54 y71 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2023<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1ed h23 gs815\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Impuesto corriente y otros </div></div><div class=\"c_1 w1ee h23 gs816\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">               <span class=\"ls0_1\">6.827  </span></div></div><div class=\"c_1 w1ef h23 gs817\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">                  <span class=\"ls9\">735 <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w1ed h23 gs818\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Por impuesto diferido </div></div><div class=\"c_1 w1ee h23 gs819\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">               <span class=\"ls0_1\">5.403  </span></div></div><div class=\"c_1 w1ef h23 gs81a\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls22 ws0_1\">            <span class=\"ls0_1\">(12.834) </span></div></div><div class=\"c_1 w1ed h23 gs81b\"><div class=\"t_1 m0_1 x2a h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Gasto / (Ingreso)  por Impuesto sobre Beneficios </div></div><div class=\"c_1 w1ee h23 gs81c\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">             <span class=\"ls9\">12.230 <span class=\"ls0_1\"> </span></span></div></div><div class=\"c_1 w1ef h23 gs81d\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls22 ws0_1\">            <span class=\"ls0_1\">(12.099) </span></div></div><div class=\"c_1 w2_1 h3b gs81e\"><div class=\"t_1 m0_1 xa7 h8 yb6e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h46 yb6f ff3 fs0_1 fc6 sc0_1 ls0_1 ws0_1\">32.4<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\"> Activos y pasi<span class=\"_ _1\"></span>vos por impu<span class=\"_ _1\"></span>esto diferido recon<span class=\"_ _1\"></span>ocidos </span></span></div><div class=\"t_1 m0_1 x71 h8 y609 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las <span class=\"_ _15\"></span>v<span class=\"_ _6\"></span>ariaciones <span class=\"_ _15\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>roducido <span class=\"_ _10\"></span>durante <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>ejercicios<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>202<span class=\"_ _6\"></span>4 <span class=\"_ _10\"></span>y <span class=\"_ _15\"></span>20<span class=\"_ _6\"></span>23 <span class=\"_ _15\"></span>en <span class=\"_ _10\"></span>estos <span class=\"_ _10\"></span>ep\u00edgrafes <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Esta<span class=\"_ _6\"></span>do <span class=\"_ _15\"></span>de </div><div class=\"t_1 m0_1 x71 h8 y60a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Situaci\u00f3n Financiera Cons<span class=\"_ _6\"></span>olidado h<span class=\"_ _6\"></span>an sido las siguientes:<span class=\"_ _33\"> </span><span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x71 h8 y96c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h48 yabd ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h48 y5ef ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h48 y368 ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h48 y3c8 ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h48 y3c9 ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h48 y6ae ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h48 yb70 ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x71 h48 y2bb ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div><div class=\"c_1 w2_1 h3b gs820\"><div class=\"t_1 m0_1 x71 h48 y1d3 ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Activos por Impuesto D<span class=\"_ _6\"></span>iferido<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w1f1 h63 gs821\"><div class=\"t_1 m0_1 xb5 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"c_1 w174 h23 gs822\"><div class=\"t_1 m0_1 x12 h54 y8f ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2024 </div></div><div class=\"c_1 w6 h7e gs823\"><div class=\"t_1 m0_1 x8c h54 y4ef ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x5a h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2024 </div></div><div class=\"c_1 w71 h7e gs824\"><div class=\"t_1 m0_1 x44 h54 y66b ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Variaciones </div><div class=\"t_1 m0_1 x1e h54 y4ef ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">del </div><div class=\"t_1 m0_1 x32 h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">per\u00edmetro </div><div class=\"t_1 m0_1 x54 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(Nota 6) </div></div><div class=\"c_1 w1f2 h7e gs825\"><div class=\"t_1 m0_1 x12 h54 y599 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos </div></div><div class=\"c_1 w12b h7e gs826\"><div class=\"t_1 m0_1 x12 h54 y599 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones </div></div><div class=\"c_1 w1f3 h7e gs827\"><div class=\"t_1 m0_1 x12 h54 y4ef ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos </div><div class=\"t_1 m0_1 x87 h54 y38 ff3 fs1 fc0_1 sc0_1 ls3d ws0_1\">y <span class=\"ls0_1\">otros </span></div></div><div class=\"c_1 w81 h7e gs828\"><div class=\"t_1 m0_1 x54 h54 y4ef ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x12 h54 y38 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></div><div class=\"c_1 w174 h107 gs829\"><div class=\"t_1 m0_1 x12 h54 y671 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Impuestos diferidos de activo reconocidos en resultad<span class=\"_ _1\"></span>os-<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w174 h23 gs82a\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n de activos no corrientes </div></div><div class=\"c_1 w6 h23 gs82b\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">939<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w71 h23 gs82c\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f2 h23 gs82d\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w12b h23 gs82e\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(940) </div></div><div class=\"c_1 w1f3 h23 gs82f\"><div class=\"t_1 m0_1 x2d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></div><div class=\"c_1 w81 h23 gs830\"><div class=\"t_1 m0_1 x30 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w174 h23 gs831\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro en activos no corrientes </div></div><div class=\"c_1 w6 h23 gs832\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.819 </div></div><div class=\"c_1 w71 h23 gs833\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f2 h23 gs834\"><div class=\"t_1 m0_1 x19 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">245<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h23 gs835\"><div class=\"t_1 m0_1 x13 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.788) </div></div><div class=\"c_1 w1f3 h23 gs836\"><div class=\"t_1 m0_1 x16 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h23 gs837\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.276 </div></div><div class=\"c_1 w174 h23 gs838\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones  </div></div><div class=\"c_1 w6 h23 gs839\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.625 </div></div><div class=\"c_1 w71 h23 gs83a\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f2 h23 gs83b\"><div class=\"t_1 m0_1 x19 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">927<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h23 gs83c\"><div class=\"t_1 m0_1 x13 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.356) </div></div><div class=\"c_1 w1f3 h23 gs83d\"><div class=\"t_1 m0_1 x16 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h23 gs83e\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.196 </div></div><div class=\"c_1 w174 h23 gs83f\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Compromisos con el personal </div></div><div class=\"c_1 w6 h23 gs840\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.889 </div></div><div class=\"c_1 w71 h23 gs841\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f2 h23 gs842\"><div class=\"t_1 m0_1 x19 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">507<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h23 gs843\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(100) </div></div><div class=\"c_1 w1f3 h23 gs844\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">69<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h23 gs845\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.365 </div></div><div class=\"c_1 w174 h23 gs846\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro activos corrientes </div></div><div class=\"c_1 w6 h23 gs847\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.457 </div></div><div class=\"c_1 w71 h23 gs848\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f2 h23 gs849\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.362 </div></div><div class=\"c_1 w12b h23 gs84a\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(65) </div></div><div class=\"c_1 w1f3 h23 gs84b\"><div class=\"t_1 m0_1 x1e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(113) </div></div><div class=\"c_1 w81 h23 gs84c\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.641 </div></div><div class=\"c_1 w174 h58 gs84d\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Limitaci\u00f3n gastos financieros y otros </div></div><div class=\"c_1 w6 h58 gs84e\"><div class=\"t_1 m0_1 x30 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">60<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w71 h58 gs84f\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f2 h58 gs850\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w12b h58 gs851\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(42) </div></div><div class=\"c_1 w1f3 h58 gs852\"><div class=\"t_1 m0_1 x16 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h58 gs853\"><div class=\"t_1 m0_1 x16 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">18<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w174 h23 gs854\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"ls9\">16)</span> </div></div><div class=\"c_1 w6 h23 gs855\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.074 </div></div><div class=\"c_1 w71 h23 gs856\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f2 h23 gs857\"><div class=\"t_1 m0_1 x19 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">503<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h23 gs858\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(64) </div></div><div class=\"c_1 w1f3 h23 gs859\"><div class=\"t_1 m0_1 x16 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h23 gs85a\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.513 </div></div><div class=\"c_1 w174 h23 gs85b\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Sociedades no residentes y ajustes de consolidaci\u00f3n </div></div><div class=\"c_1 w6 h23 gs85c\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.139 </div></div><div class=\"c_1 w71 h23 gs85d\"><div class=\"t_1 m0_1 x3b h1f y5e ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f2 h23 gs85e\"><div class=\"t_1 m0_1 x38 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></div><div class=\"c_1 w12b h23 gs85f\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(147) </div></div><div class=\"c_1 w1f3 h23 gs860\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></div><div class=\"c_1 w81 h23 gs861\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.992 </div></div><div class=\"c_1 w81 h6a gs862\"><div class=\"t_1 m0_1 x30 h22 y60 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">-<span class=\"ff1_1 fs4\"> </span></div></div><div class=\"c_1 w174 h23 gs863\"><div class=\"t_1 m0_1 x12 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Bases Imponibles Negativas </div></div><div class=\"c_1 w6 h23 gs864\"><div class=\"t_1 m0_1 x21 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">60.275 </div></div><div class=\"c_1 w71 h23 gs865\"><div class=\"t_1 m0_1 x38 h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">917<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f2 h23 gs866\"><div class=\"t_1 m0_1 x1e h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.486 </div></div><div class=\"c_1 w12b h23 gs867\"><div class=\"t_1 m0_1 x13 h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(4.280) </div></div><div class=\"c_1 w1f3 h23 gs868\"><div class=\"t_1 m0_1 x1e h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(260) </div></div><div class=\"c_1 w81 h23 gs869\"><div class=\"t_1 m0_1 xda h1f y8f ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">58.138 </div></div><div class=\"c_1 w174 h63 gs86a\"><div class=\"t_1 m0_1 x12 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deducciones </div></div><div class=\"c_1 w6 h63 gs86b\"><div class=\"t_1 m0_1 x21 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">11.278 </div></div><div class=\"c_1 w71 h63 gs86c\"><div class=\"t_1 m0_1 x2f h1f y5e ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">69<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f2 h63 gs86d\"><div class=\"t_1 m0_1 x19 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">669<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h63 gs86e\"><div class=\"t_1 m0_1 x13 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.819) </div></div><div class=\"c_1 w1f3 h63 gs86f\"><div class=\"t_1 m0_1 x5 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.507 </div></div><div class=\"c_1 w81 h63 gs870\"><div class=\"t_1 m0_1 xda h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">11.704 </div></div><div class=\"c_1 w6 h53 gs871\"><div class=\"t_1 m0_1 x21 h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">94.555<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w71 h53 gs872\"><div class=\"t_1 m0_1 x38 h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">986<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f2 h53 gs873\"><div class=\"t_1 m0_1 x1e h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">5.700<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h53 gs874\"><div class=\"t_1 m0_1 x21 h54 yb1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(12.601) </div></div><div class=\"c_1 w1f3 h53 gs875\"><div class=\"t_1 m0_1 x5 h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2.203<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h53 gs876\"><div class=\"t_1 m0_1 xda h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">90.843<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w174 h23 gs877\"><div class=\"t_1 m0_1 x12 h54 y8f ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Impuestos diferidos de activo reconocidos en patri<span class=\"_ _1\"></span>monio-<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w174 h63 gs878\"><div class=\"t_1 m0_1 x12 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura (Nota 30) </div></div><div class=\"c_1 w6 h63 gs879\"><div class=\"t_1 m0_1 x5b h1f yc1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">441<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w71 h63 gs87a\"><div class=\"t_1 m0_1 x3b h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f2 h63 gs87b\"><div class=\"t_1 m0_1 x1e h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.556 </div></div><div class=\"c_1 w12b h63 gs87c\"><div class=\"t_1 m0_1 x3a h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f3 h63 gs87d\"><div class=\"t_1 m0_1 x16 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h63 gs87e\"><div class=\"t_1 m0_1 x21 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.997 </div></div><div class=\"c_1 w6 h53 gs87f\"><div class=\"t_1 m0_1 x5b h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">441<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w71 h53 gs880\"><div class=\"t_1 m0_1 x3b h54 yb1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f2 h53 gs881\"><div class=\"t_1 m0_1 x1e h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2.556<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h53 gs882\"><div class=\"t_1 m0_1 x3a h54 yb1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f3 h53 gs883\"><div class=\"t_1 m0_1 x16 h54 yb1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h53 gs884\"><div class=\"t_1 m0_1 x21 h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2.997<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w174 h63 gs885\"><div class=\"t_1 m0_1 x12 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 w6 h63 gs886\"><div class=\"t_1 m0_1 x21 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">94.996<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h63 gs887\"><div class=\"t_1 m0_1 xda h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">93.840<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f4 h53 gs888\"><div class=\"t_1 m0_1 x8d h54 yb1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"c_1 w174 h58 gs889\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2023 </div></div><div class=\"c_1 w2a h108 gs88a\"><div class=\"t_1 m0_1 x8c h54 yb84 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x5a h54 y669 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2023 </div></div><div class=\"c_1 w1f5 h108 gs88b\"><div class=\"t_1 m0_1 x12 h54 y131 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos </div></div><div class=\"c_1 w12b h108 gs88c\"><div class=\"t_1 m0_1 x12 h54 y131 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones </div></div><div class=\"c_1 w1f3 h108 gs88d\"><div class=\"t_1 m0_1 x12 h54 yb84 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos </div><div class=\"t_1 m0_1 x87 h54 y669 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">y otros </div></div><div class=\"c_1 w67 h108 gs88e\"><div class=\"t_1 m0_1 x54 h54 yb84 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x12 h54 y669 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2023 </div></div><div class=\"c_1 w174 h109 gs88f\"><div class=\"t_1 m0_1 x12 h54 y671 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Impuestos diferidos de activo reconocidos en resultad<span class=\"_ _1\"></span>os-<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w174 h23 gs890\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaci\u00f3n de activos no corrientes </div></div><div class=\"c_1 w2a h23 gs891\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.879 </div></div><div class=\"c_1 w1f5 h23 gs892\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w12b h23 gs893\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(940) </div></div><div class=\"c_1 w1f3 h23 gs894\"><div class=\"t_1 m0_1 x16 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w67 h23 gs895\"><div class=\"t_1 m0_1 x17 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">939<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w174 h23 gs896\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro en activos no corrientes </div></div><div class=\"c_1 w2a h23 gs897\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.800 </div></div><div class=\"c_1 w1f5 h23 gs898\"><div class=\"t_1 m0_1 x19 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">253<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h23 gs899\"><div class=\"t_1 m0_1 x13 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.769) </div></div><div class=\"c_1 w1f3 h23 gs89a\"><div class=\"t_1 m0_1 x88 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">535<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w67 h23 gs89b\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.819 </div></div><div class=\"c_1 w174 h23 gs89c\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones  </div></div><div class=\"c_1 w2a h23 gs89d\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.259 </div></div><div class=\"c_1 w1f5 h23 gs89e\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w12b h23 gs89f\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(635) </div></div><div class=\"c_1 w1f3 h23 gs8a0\"><div class=\"t_1 m0_1 x2d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></div><div class=\"c_1 w67 h23 gs8a1\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.625 </div></div><div class=\"c_1 w174 h23 gs8a2\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Compromisos con el personal </div></div><div class=\"c_1 w2a h23 gs8a3\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.460 </div></div><div class=\"c_1 w1f5 h23 gs8a4\"><div class=\"t_1 m0_1 x19 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">336<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h23 gs8a5\"><div class=\"t_1 m0_1 x3b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></div><div class=\"c_1 w1f3 h23 gs8a6\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">94<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w67 h23 gs8a7\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.889 </div></div><div class=\"c_1 w174 h23 gs8a8\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deterioro activos corrientes </div></div><div class=\"c_1 w2a h23 gs8a9\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.577 </div></div><div class=\"c_1 w1f5 h23 gs8aa\"><div class=\"t_1 m0_1 x19 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">314<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h23 gs8ab\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(433) </div></div><div class=\"c_1 w1f3 h23 gs8ac\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></div><div class=\"c_1 w67 h23 gs8ad\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.457 </div></div><div class=\"c_1 w174 h23 gs8ae\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Limitaci\u00f3n gastos financieros y otros </div></div><div class=\"c_1 w2a h23 gs8af\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">118<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f5 h23 gs8b0\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w12b h23 gs8b1\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(42) </div></div><div class=\"c_1 w1f3 h23 gs8b2\"><div class=\"t_1 m0_1 x7f h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(16) </div></div><div class=\"c_1 w67 h23 gs8b3\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">60<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w174 h23 gs8b4\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"ls9\">16)</span> </div></div><div class=\"c_1 w2a h23 gs8b5\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">7.693 </div></div><div class=\"c_1 w1f5 h23 gs8b6\"><div class=\"t_1 m0_1 x19 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">293<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h23 gs8b7\"><div class=\"t_1 m0_1 x3a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f3 h23 gs8b8\"><div class=\"t_1 m0_1 x96 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">88<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w67 h23 gs8b9\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.074 </div></div><div class=\"c_1 w174 h23 gs8ba\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Sociedades no residentes y ajustes de consolidaci\u00f3n </div></div><div class=\"c_1 w2a h23 gs8bb\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.374 </div></div><div class=\"c_1 w1f5 h23 gs8bc\"><div class=\"t_1 m0_1 x3e h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">12<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h23 gs8bd\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(159) </div></div><div class=\"c_1 w1f3 h23 gs8be\"><div class=\"t_1 m0_1 x7f h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(88) </div></div><div class=\"c_1 w67 h23 gs8bf\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.139 </div></div><div class=\"c_1 w174 h23 gs8c0\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Bases Imponibles Negativas </div></div><div class=\"c_1 w2a h23 gs8c1\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">44.583 </div></div><div class=\"c_1 w1f5 h23 gs8c2\"><div class=\"t_1 m0_1 x1a h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">18.375 </div></div><div class=\"c_1 w12b h23 gs8c3\"><div class=\"t_1 m0_1 x13 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.482) </div></div><div class=\"c_1 w1f3 h23 gs8c4\"><div class=\"t_1 m0_1 x4 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.201) </div></div><div class=\"c_1 w67 h23 gs8c5\"><div class=\"t_1 m0_1 xda h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">60.275 </div></div><div class=\"c_1 w174 h53 gs8c6\"><div class=\"t_1 m0_1 x12 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Deducciones </div></div><div class=\"c_1 w2a h53 gs8c7\"><div class=\"t_1 m0_1 x3e h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">9.875 </div></div><div class=\"c_1 w1f5 h53 gs8c8\"><div class=\"t_1 m0_1 x38 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">4 </div></div><div class=\"c_1 w12b h53 gs8c9\"><div class=\"t_1 m0_1 x3b h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(6) </div></div><div class=\"c_1 w1f3 h53 gs8ca\"><div class=\"t_1 m0_1 x5 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.405 </div></div><div class=\"c_1 w67 h53 gs8cb\"><div class=\"t_1 m0_1 xda h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">11.278 </div></div><div class=\"c_1 w2a h63 gs8cc\"><div class=\"t_1 m0_1 x21 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">80.618<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f5 h63 gs8cd\"><div class=\"t_1 m0_1 x1a h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">19.587<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h63 gs8ce\"><div class=\"t_1 m0_1 x13 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(6.467) </div></div><div class=\"c_1 w1f3 h63 gs8cf\"><div class=\"t_1 m0_1 x88 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">817<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w67 h63 gs8d0\"><div class=\"t_1 m0_1 xda h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">94.555<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w174 h23 gs8d1\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Impuestos diferidos de activo reconocidos en patrimo<span class=\"_ _1\"></span>nio-<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w174 h53 gs8d2\"><div class=\"t_1 m0_1 x12 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura (Nota 30) </div></div><div class=\"c_1 w2a h53 gs8d3\"><div class=\"t_1 m0_1 x30 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">89<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f5 h53 gs8d4\"><div class=\"t_1 m0_1 x19 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">706<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h53 gs8d5\"><div class=\"t_1 m0_1 x5b h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(353) </div></div><div class=\"c_1 w1f3 h53 gs8d6\"><div class=\"t_1 m0_1 x96 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></div><div class=\"c_1 w67 h53 gs8d7\"><div class=\"t_1 m0_1 x17 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">441<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2a h63 gs8d8\"><div class=\"t_1 m0_1 x30 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">89<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f5 h63 gs8d9\"><div class=\"t_1 m0_1 x19 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">706<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w12b h63 gs8da\"><div class=\"t_1 m0_1 x16 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(353) </div></div><div class=\"c_1 w1f3 h63 gs8db\"><div class=\"t_1 m0_1 x96 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></div><div class=\"c_1 w67 h63 gs8dc\"><div class=\"t_1 m0_1 x17 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">441<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w174 h63 gs8dd\"><div class=\"t_1 m0_1 x12 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 w2a h63 gs8de\"><div class=\"t_1 m0_1 x21 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">80.707<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w67 h63 gs8df\"><div class=\"t_1 m0_1 xda h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">94.996<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w2_1 h3b gs8e1\"><div class=\"t_1 m0_1 x1f h8 y1d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"_ _10\"></span>Ley <span class=\"_ _10\"></span>27/2014, <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>27 <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>noviembre, <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>I<span class=\"_ _6\"></span>mpuesto <span class=\"_ _10\"></span>sob<span class=\"_ _6\"></span>re <span class=\"_ _15\"></span>Sociedad<span class=\"_ _6\"></span>es <span class=\"_ _10\"></span>elimin\u00f3 <span class=\"_ _10\"></span>con <span class=\"_ _10\"></span>efectos <span class=\"_ _10\"></span>1 <span class=\"_ _10\"></span>de <span class=\"_ _11\"></span>enero <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span>l </div><div class=\"t_1 m0_1 x1f h8 y1d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2015 <span class=\"_ _15\"></span>el <span class=\"_ _10\"></span>plazo <span class=\"_ _10\"></span>establecido <span class=\"_ _10\"></span>par<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>compensaci\u00f3n <span class=\"_ _10\"></span>de <span class=\"_ _10\"></span>las <span class=\"_ _10\"></span>bases <span class=\"_ _15\"></span>impon<span class=\"_ _6\"></span>ibles <span class=\"_ _10\"></span>negativas, <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>lo <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>pas\u00f3 <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>ser </div><div class=\"t_1 m0_1 x1f h8 y1d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ilimitado, y ampli\u00f3 al menos<span class=\"_ _6\"></span> a 15 a\u00f1os el p<span class=\"_ _6\"></span>lazo general de compensaci\u00f3n<span class=\"_ _6\"></span> de las dedu<span class=\"_ _6\"></span>cciones.<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y1d6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"_ _1b\"> </span>s\u00f3lo <span class=\"_ _1b\"> </span>reconoce <span class=\"_ _1b\"> </span>activos <span class=\"_ _1b\"> </span>por <span class=\"_ _1b\"> </span>impuesto <span class=\"_ _1b\"> </span>diferido <span class=\"_ _1b\"> </span>cuando <span class=\"_ _1b\"> </span>considera <span class=\"_ _1b\"> </span>probable <span class=\"_ _1b\"> </span>que <span class=\"_ _1c\"> </span>las<span class=\"_ _6\"></span> <span class=\"_ _1b\"> </span>entidades </div><div class=\"t_1 m0_1 x1f h8 y2bd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(individualmente  o  de <span class=\"_ _12\"> </span>forma  consolidada)  que <span class=\"_ _12\"> </span>los  han  g<span class=\"_ _e\"></span>enerado<span class=\"_ _6\"></span>  van <span class=\"_ _1a\"> </span>a <span class=\"_ _12\"> </span>tener  en  el <span class=\"_ _12\"> </span>futuro  suficientes </div><div class=\"t_1 m0_1 x1f h8 y2be ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ganancias <span class=\"_ _0\"></span>fiscales <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>las <span class=\"_ _10\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _10\"></span>hacerlos <span class=\"_ _0\"></span>efectivos.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>sentido, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>cada <span class=\"_ _0\"></span>cierre <span class=\"_ _10\"></span>conta<span class=\"_ _6\"></span>ble <span class=\"_ _0\"></span>se <span class=\"_ _10\"></span>revis<span class=\"_ _6\"></span>an <span class=\"_ _0\"></span>los </div><div class=\"t_1 m0_1 x1f h8 y2bf ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">impuestos <span class=\"_ _0\"></span>diferidos <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>registrados,<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>fin <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>comprob<span class=\"_ _6\"></span>ar <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>mantienen <span class=\"_ _0\"></span>v<span class=\"_ _6\"></span>igentes <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e </div><div class=\"t_1 m0_1 x1f h8 y2c0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consideran <span class=\"_ _1\"></span>recuperables <span class=\"_ _e\"></span>en un <span class=\"_ _a\"></span>p<span class=\"_ _6\"></span>lazo <span class=\"_ _e\"></span>ap<span class=\"_ _6\"></span>roximado <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>10 <span class=\"_ _e\"></span>a\u00f1<span class=\"_ _6\"></span>os. <span class=\"_ _e\"></span>Dichos an\u00e1lisis <span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>basan e<span class=\"_ _1\"></span>n: <span class=\"_ _e\"></span>(i) <span class=\"_ _e\"></span>la consideraci\u00f3n </div><div class=\"t_1 m0_1 x1f h8 y2c1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de hip\u00f3tesis para<span class=\"_ _1\"></span> concluir <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>existencia de suficientes ganancias f<span class=\"_ _1\"></span>iscales que <span class=\"_ _1\"></span>permitan <span class=\"_ _1\"></span>compensar dichas </div><div class=\"t_1 m0_1 x1f h8 y2c2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">p\u00e9rdidas <span class=\"_ _15\"></span>fiscales <span class=\"_ _15\"></span>qu<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>coin<span class=\"_ _6\"></span>ciden <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>las <span class=\"_ _15\"></span>utilizad<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>ejecuci\u00f3n <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>los<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>test <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>deterioro <span class=\"_ _15\"></span>sobre <span class=\"_ _15\"></span>activo<span class=\"_ _6\"></span>s <span class=\"_ _15\"></span>no </div><div class=\"t_1 m0_1 x1f h8 y2c3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieros <span class=\"_ _6\"></span>(v\u00e9ase <span class=\"_ _6\"></span>Nota <span class=\"_ _6\"></span>19); <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>(ii) <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>per\u00edodo <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>l\u00edmites <span class=\"_ _6\"></span>establecidos <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>legislac<span class=\"_ _15\"></span>i\u00f3n <span class=\"_ _6\"></span>para <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>recuperaci\u00f3n <span class=\"_ _6\"></span>de </div><div class=\"t_1 m0_1 x1f h8 y33e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">los cr\u00e9ditos fiscales<span class=\"_ _6\"></span>. </div><div class=\"t_1 m0_1 x1f h8 y31e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"_ _10\"></span>flujos <span class=\"_ _10\"></span>previstos <span class=\"_ _10\"></span>permiten <span class=\"_ _10\"></span>concluir <span class=\"_ _10\"></span>que <span class=\"_ _10\"></span>los <span class=\"_ _10\"></span>activos <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>impuesto <span class=\"_ _10\"></span>diferido <span class=\"_ _10\"></span>del <span class=\"_ _15\"></span>Grup<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>reconocidos<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>como </div><div class=\"t_1 m0_1 x1f h8 y31f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">activo <span class=\"_ _0\"></span>son <span class=\"_ _0\"></span>recuperables <span class=\"_ _0\"></span>en <span class=\"_ _10\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _0\"></span>plazo <span class=\"_ _0\"></span>aproximado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>10 <span class=\"_ _10\"></span>a\u00f1<span class=\"_ _6\"></span>os<span class=\"_ _6\"></span>. <span class=\"_ _10\"></span>E<span class=\"_ _6\"></span>l <span class=\"_ _10\"></span>importe <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>diferencias<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>tempora<span class=\"_ _6\"></span>les <span class=\"_ _10\"></span>y<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y320 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">bases <span class=\"_ _6\"></span>imponibles <span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>egativas <span class=\"_ _6\"></span>acreditad<span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>Espa\u00f1a <span class=\"_ _15\"></span>y <span class=\"_ _6\"></span>no <span class=\"_ _6\"></span>reconocidas <span class=\"_ _6\"></span>en <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>Estado <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e Situ<span class=\"_ _6\"></span>aci\u00f3n finan<span class=\"_ _6\"></span>ciera <span class=\"_ _6\"></span>al </div><div class=\"t_1 m0_1 x1f h8 y475 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">31 <span class=\"_ _11\"> </span>de <span class=\"_ _12\"> </span>dici<span class=\"_ _6\"></span>embre <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>2024<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>asciende <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span><span class=\"ls36\">42<span class=\"ls10\">,6</span></span> <span class=\"_ _12\"> </span><span class=\"ff6\">millones <span class=\"_ _11\"> </span>\u20ac <span class=\"_ _12\"> </span>y  (</span>16,5 <span class=\"_ _11\"> </span>mi<span class=\"_ _6\"></span>llones <span class=\"_ _12\"> </span><span class=\"ff6\">\u20ac <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>31 <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>dici<span class=\"_ _6\"></span>embre <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>2<span class=\"_ _6\"></span>02</span>3).<span class=\"_ _6\"></span> </div><div class=\"t_1 m0_1 x1f h8 y263 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adicionalmente, <span class=\"_ _6\"></span>no <span class=\"_ _15\"></span>se <span class=\"_ _6\"></span>recon<span class=\"_ _6\"></span>ocen <span class=\"_ _6\"></span>las <span class=\"_ _15\"></span>BIN\u00b4s <span class=\"_ _15\"></span>acreditadas <span class=\"_ _15\"></span>en <span class=\"_ _6\"></span>Portugal <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>1,4 <span class=\"_ _15\"></span>millones <span class=\"_ _15\"></span>\u20ac <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>ci<span class=\"_ _6\"></span><span class=\"ff4\">erre<span class=\"_ _6\"></span> </span></div><div class=\"t_1 m0_1 x1f h8 y264 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de 2023. </div><div class=\"t_1 m0_1 x1f h8 y265 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tienen <span class=\"_ _11\"></span>un <span class=\"_ _11\"></span>car\u00e1cter <span class=\"_ _11\"></span>previo <span class=\"_ _11\"> </span>a <span class=\"_ _11\"></span>su <span class=\"_ _11\"></span>incorporaci\u00f3n <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>Grupo, <span class=\"_ _11\"></span>BIN\u00b4s <span class=\"_ _11\"></span>pendientes <span class=\"_ _11\"> </span>de <span class=\"_ _11\"></span>aprovechamiento <span class=\"_ _11\"></span>al <span class=\"_ _11\"></span>31 <span class=\"_ _11\"></span>de </div><div class=\"t_1 m0_1 x1f h8 y6a2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">diciembre de 2024 po<span class=\"_ _6\"></span>r importe de 19,4 <span class=\"_ _6\"></span><span class=\"ff6\">millones \u20ac y d<span class=\"_ _6\"></span>educciones por importe d<span class=\"_ _6\"></span>e </span>5,3 <span class=\"_ _6\"></span><span class=\"ff6\">millones \u20ac.</span> </div><div class=\"t_1 m0_1 x71 h48 y2cc ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pasivos por Impuesto<span class=\"_ _6\"></span> Diferido<span class=\"_ _6\"></span> </div></div><div class=\"c_1 w1f8 h53 gs8e2\"><div class=\"t_1 m0_1 x149 h54 yb1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"c_1 w1f7 h23 gs8e3\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2024 </div></div><div class=\"c_1 w81 h10c gs8e4\"><div class=\"t_1 m0_1 x54 h54 yb8f ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x12 h54 yb90 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2024 </div></div><div class=\"c_1 w15f h10c gs8e5\"><div class=\"t_1 m0_1 x11 h54 yaae ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos </div></div><div class=\"c_1 w8 h10c gs8e6\"><div class=\"t_1 m0_1 x44 h54 yaae ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones </div></div><div class=\"c_1 wfd h10c gs8e7\"><div class=\"t_1 m0_1 x5a h54 yb8f ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos </div><div class=\"t_1 m0_1 x54 h54 yb90 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">y otros </div></div><div class=\"c_1 w81 h10c gs8e8\"><div class=\"t_1 m0_1 x54 h54 yb8f ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x12 h54 yb90 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2024 </div></div><div class=\"c_1 w1f7 h23 gs8e9\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en resultados- </div></div><div class=\"c_1 w1f7 h23 gs8ea\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Libertad de amortizaci\u00f3n (RDL 4/2004) </div></div><div class=\"c_1 w81 h23 gs8eb\"><div class=\"t_1 m0_1 x17 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">379<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15f h23 gs8ec\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8 h23 gs8ed\"><div class=\"t_1 m0_1 x2f h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(121) </div></div><div class=\"c_1 wfd h23 gs8ee\"><div class=\"t_1 m0_1 x1c h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h23 gs8ef\"><div class=\"t_1 m0_1 x17 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">258<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f7 h23 gs8f0\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros </div></div><div class=\"c_1 w81 h23 gs8f1\"><div class=\"t_1 m0_1 x16 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">18<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15f h23 gs8f2\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8 h23 gs8f3\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(16) </div></div><div class=\"c_1 wfd h23 gs8f4\"><div class=\"t_1 m0_1 x1c h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h23 gs8f5\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2 </div></div><div class=\"c_1 w1f7 h23 gs8f6\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos futuros </div></div><div class=\"c_1 w81 h23 gs8f7\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.926 </div></div><div class=\"c_1 w15f h23 gs8f8\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8 h23 gs8f9\"><div class=\"t_1 m0_1 x1b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wfd h23 gs8fa\"><div class=\"t_1 m0_1 xe h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.926) </div></div><div class=\"c_1 w81 h23 gs8fb\"><div class=\"t_1 m0_1 x30 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f7 h23 gs8fc\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"ls9\">16)</span> </div></div><div class=\"c_1 w81 h23 gs8fd\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">7.887 </div></div><div class=\"c_1 w15f h23 gs8fe\"><div class=\"t_1 m0_1 x2d h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">399<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8 h23 gs8ff\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(70) </div></div><div class=\"c_1 wfd h23 gs900\"><div class=\"t_1 m0_1 x1c h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h23 gs901\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">8.216 </div></div><div class=\"c_1 w1f7 h53 gs902\"><div class=\"t_1 m0_1 x12 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></div><div class=\"c_1 w81 h53 gs903\"><div class=\"t_1 m0_1 x21 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.838 </div></div><div class=\"c_1 w15f h53 gs904\"><div class=\"t_1 m0_1 x2d h1f yb1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">585<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8 h53 gs905\"><div class=\"t_1 m0_1 xd9 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(86) </div></div><div class=\"c_1 wfd h53 gs906\"><div class=\"t_1 m0_1 x65 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(40) </div></div><div class=\"c_1 w81 h53 gs907\"><div class=\"t_1 m0_1 x21 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.297 </div></div><div class=\"c_1 w81 h63 gs908\"><div class=\"t_1 m0_1 xda h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">12.048<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15f h63 gs909\"><div class=\"t_1 m0_1 x2d h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">984<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8 h63 gs90a\"><div class=\"t_1 m0_1 x2f h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(293) </div></div><div class=\"c_1 wfd h63 gs90b\"><div class=\"t_1 m0_1 x2e h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.966) </div></div><div class=\"c_1 w81 h63 gs90c\"><div class=\"t_1 m0_1 xda h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">10.773<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f7 h23 gs90d\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en patrimonio- </div></div><div class=\"c_1 w1f7 h23 gs90e\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Revalorizaci\u00f3n suelos forestales (Nota 16.3) </div></div><div class=\"c_1 w81 h23 gs90f\"><div class=\"t_1 m0_1 xda h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></div><div class=\"c_1 w15f h23 gs910\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8 h23 gs911\"><div class=\"t_1 m0_1 x1b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wfd h23 gs912\"><div class=\"t_1 m0_1 x1c h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h23 gs913\"><div class=\"t_1 m0_1 xda h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></div><div class=\"c_1 w1f7 h23 gs914\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura (Nota 30) </div></div><div class=\"c_1 w81 h23 gs915\"><div class=\"t_1 m0_1 x17 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">968<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15f h23 gs916\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8 h23 gs917\"><div class=\"t_1 m0_1 x2f h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(969) </div></div><div class=\"c_1 wfd h23 gs918\"><div class=\"t_1 m0_1 x3d h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></div><div class=\"c_1 w81 h23 gs919\"><div class=\"t_1 m0_1 x30 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f7 h23 gs91a\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos futuros </div></div><div class=\"c_1 w81 h23 gs91b\"><div class=\"t_1 m0_1 x30 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w15f h23 gs91c\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">61<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 wfd h23 gs91d\"><div class=\"t_1 m0_1 x15 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.926 </div></div><div class=\"c_1 w81 h23 gs91e\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.987 </div></div><div class=\"c_1 w1f7 h53 gs91f\"><div class=\"t_1 m0_1 x12 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></div><div class=\"c_1 w81 h53 gs920\"><div class=\"t_1 m0_1 x17 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">472<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15f h53 gs921\"><div class=\"t_1 m0_1 x21 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">6.509 </div></div><div class=\"c_1 w8 h53 gs922\"><div class=\"t_1 m0_1 x17 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.398) </div></div><div class=\"c_1 wfd h53 gs923\"><div class=\"t_1 m0_1 x1c h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h53 gs924\"><div class=\"t_1 m0_1 x21 h1f yb1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">5.583 </div></div><div class=\"c_1 w81 h63 gs925\"><div class=\"t_1 m0_1 xda h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">14.950<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15f h63 gs926\"><div class=\"t_1 m0_1 x21 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">6.570<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8 h63 gs927\"><div class=\"t_1 m0_1 x17 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.367) </div></div><div class=\"c_1 wfd h63 gs928\"><div class=\"t_1 m0_1 x15 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">1.927<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h63 gs929\"><div class=\"t_1 m0_1 xda h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">21.080<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f7 h63 gs92a\"><div class=\"t_1 m0_1 x12 h54 yb1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 w81 h63 gs92b\"><div class=\"t_1 m0_1 xda h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">26.998<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h63 gs92c\"><div class=\"t_1 m0_1 xda h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">31.853<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f8 h63 gs92e\"><div class=\"t_1 m0_1 x149 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Miles de Euros </div></div><div class=\"c_1 w1f7 h23 gs92f\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2023 </div></div><div class=\"c_1 w81 h8a gs930\"><div class=\"t_1 m0_1 x54 h54 y6ca ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x12 h54 y59e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">01/01/2023 </div></div><div class=\"c_1 w15f h8a gs931\"><div class=\"t_1 m0_1 x11 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Aumentos </div></div><div class=\"c_1 w8 h8a gs932\"><div class=\"t_1 m0_1 x44 h54 y5e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Disminuciones </div></div><div class=\"c_1 wfd h8a gs933\"><div class=\"t_1 m0_1 x5a h54 y6ca ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Traspasos </div><div class=\"t_1 m0_1 x54 h54 y59e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">y otros </div></div><div class=\"c_1 w81 h8a gs934\"><div class=\"t_1 m0_1 x54 h54 y6ca ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo al </div><div class=\"t_1 m0_1 x12 h54 y59e ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">31/12/2023 </div></div><div class=\"c_1 w1f7 h23 gs935\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en resultados- </div></div><div class=\"c_1 w1f7 h23 gs936\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Libertad de amortizaci\u00f3n (RDL 4/2004) </div></div><div class=\"c_1 w81 h23 gs937\"><div class=\"t_1 m0_1 x17 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">549<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15f h23 gs938\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8 h23 gs939\"><div class=\"t_1 m0_1 x2f h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(170) </div></div><div class=\"c_1 wfd h23 gs93a\"><div class=\"t_1 m0_1 x1c h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h23 gs93b\"><div class=\"t_1 m0_1 x17 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">379<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f7 h23 gs93c\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Gastos financieros </div></div><div class=\"c_1 w81 h23 gs93d\"><div class=\"t_1 m0_1 x16 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">35<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15f h23 gs93e\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8 h23 gs93f\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(16) </div></div><div class=\"c_1 wfd h23 gs940\"><div class=\"t_1 m0_1 x17 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1) </div></div><div class=\"c_1 w81 h23 gs941\"><div class=\"t_1 m0_1 x16 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">18<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f7 h23 gs942\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Dividendos futuros </div></div><div class=\"c_1 w81 h23 gs943\"><div class=\"t_1 m0_1 x30 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w15f h23 gs944\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8 h23 gs945\"><div class=\"t_1 m0_1 x1b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wfd h23 gs946\"><div class=\"t_1 m0_1 x15 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.926 </div></div><div class=\"c_1 w81 h23 gs947\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.926 </div></div><div class=\"c_1 w1f7 h23 gs948\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Arrendamientos (IFRS-<span class=\"ls9\">16)</span> </div></div><div class=\"c_1 w81 h23 gs949\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">7.795 </div></div><div class=\"c_1 w15f h23 gs94a\"><div class=\"t_1 m0_1 x5b h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">95<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8 h23 gs94b\"><div class=\"t_1 m0_1 x1b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wfd h23 gs94c\"><div class=\"t_1 m0_1 x17 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(3) </div></div><div class=\"c_1 w81 h23 gs94d\"><div class=\"t_1 m0_1 x21 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">7.887 </div></div><div class=\"c_1 w1f7 h63 gs94e\"><div class=\"t_1 m0_1 x12 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></div><div class=\"c_1 w81 h63 gs94f\"><div class=\"t_1 m0_1 x21 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">3.714 </div></div><div class=\"c_1 w15f h63 gs950\"><div class=\"t_1 m0_1 x21 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">2.281 </div></div><div class=\"c_1 w8 h63 gs951\"><div class=\"t_1 m0_1 x17 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.420) </div></div><div class=\"c_1 wfd h63 gs952\"><div class=\"t_1 m0_1 xe h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.737) </div></div><div class=\"c_1 w81 h63 gs953\"><div class=\"t_1 m0_1 x21 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.838 </div></div><div class=\"c_1 w81 h63 gs954\"><div class=\"t_1 m0_1 xda h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">12.093<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15f h63 gs955\"><div class=\"t_1 m0_1 x21 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">2.376<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8 h63 gs956\"><div class=\"t_1 m0_1 x17 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(2.606) </div></div><div class=\"c_1 wfd h63 gs957\"><div class=\"t_1 m0_1 x96 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">185<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h63 gs958\"><div class=\"t_1 m0_1 xda h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">12.048<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f7 h23 gs959\"><div class=\"t_1 m0_1 x12 h54 y71 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Reconocidos en patrimonio- </div></div><div class=\"c_1 w1f7 h23 gs95a\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Revalorizaci\u00f3n suelos forestales (Nota 16.3) </div></div><div class=\"c_1 w81 h23 gs95b\"><div class=\"t_1 m0_1 xda h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></div><div class=\"c_1 w15f h23 gs95c\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8 h23 gs95d\"><div class=\"t_1 m0_1 x1b h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 wfd h23 gs95e\"><div class=\"t_1 m0_1 x1c h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h23 gs95f\"><div class=\"t_1 m0_1 xda h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">13.510 </div></div><div class=\"c_1 w1f7 h58 gs960\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Bono convertible (Nota 28) </div></div><div class=\"c_1 w81 h58 gs961\"><div class=\"t_1 m0_1 x17 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">137<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15f h58 gs962\"><div class=\"t_1 m0_1 xd9 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w8 h58 gs963\"><div class=\"t_1 m0_1 x2f h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(137) </div></div><div class=\"c_1 wfd h58 gs964\"><div class=\"t_1 m0_1 x1c h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w81 h58 gs965\"><div class=\"t_1 m0_1 x30 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w1f7 h23 gs966\"><div class=\"t_1 m0_1 x12 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Derivados de cobertura (Nota 30) </div></div><div class=\"c_1 w81 h23 gs967\"><div class=\"t_1 m0_1 x30 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">- </div></div><div class=\"c_1 w15f h23 gs968\"><div class=\"t_1 m0_1 x31 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1 </div></div><div class=\"c_1 w8 h23 gs969\"><div class=\"t_1 m0_1 x2f h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(777) </div></div><div class=\"c_1 wfd h23 gs96a\"><div class=\"t_1 m0_1 x15 h1f y71 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.744 </div></div><div class=\"c_1 w81 h23 gs96b\"><div class=\"t_1 m0_1 x17 h1f y71 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">968<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f7 h63 gs96c\"><div class=\"t_1 m0_1 x12 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Ajustes de consolidaci\u00f3n y otros </div></div><div class=\"c_1 w81 h63 gs96d\"><div class=\"t_1 m0_1 x21 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">1.978 </div></div><div class=\"c_1 w15f h63 gs96e\"><div class=\"t_1 m0_1 x2d h1f yc1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">338<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8 h63 gs96f\"><div class=\"t_1 m0_1 xd9 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(97) </div></div><div class=\"c_1 wfd h63 gs970\"><div class=\"t_1 m0_1 xe h1f yc1 ff4 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.747) </div></div><div class=\"c_1 w81 h63 gs971\"><div class=\"t_1 m0_1 x17 h1f yc1 ff4 fs1 fc0_1 sc0_1 ls9 ws0_1\">472<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h63 gs972\"><div class=\"t_1 m0_1 xda h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">15.625<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w15f h63 gs973\"><div class=\"t_1 m0_1 x2d h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">339<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w8 h63 gs974\"><div class=\"t_1 m0_1 x17 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(1.011) </div></div><div class=\"c_1 wfd h63 gs975\"><div class=\"t_1 m0_1 x17 h54 yc1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">(3) </div></div><div class=\"c_1 w81 h63 gs976\"><div class=\"t_1 m0_1 xda h54 yc1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">14.950<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w1f7 h53 gs977\"><div class=\"t_1 m0_1 x12 h54 yb1 ff3 fs1 fc0_1 sc0_1 ls0_1 ws0_1\">Total </div></div><div class=\"c_1 w81 h53 gs978\"><div class=\"t_1 m0_1 xda h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">27.718<span class=\"ls0_1\"> </span></div></div><div class=\"c_1 w81 h53 gs979\"><div class=\"t_1 m0_1 xda h54 yb1 ff3 fs1 fc0_1 sc0_1 ls9 ws0_1\">26.998<span class=\"_ _33\"> </span><span class=\"ls0_1\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-21": {
   "value": "34.<span class=\"ff5 ls0_1\"> <span class=\"_ _c\"></span><span class=\"ff3\">O<span class=\"_ _6\"></span>peraciones con empresas del grupo y vinculadas </span></span>34.1<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Saldos y t<span class=\"_ _1\"></span>ransacciones con socied<span class=\"_ _1\"></span>ades que consolida<span class=\"_ _e\"></span>n por el </span></span>m\u00e9todo de la pa<span class=\"_ _1\"></span>rticipaci\u00f3n Los saldos man<span class=\"_ _6\"></span>tenidos con sociedades q<span class=\"_ _6\"></span>ue consolidan<span class=\"_ _6\"></span> por el m\u00e9todo de <span class=\"_ _6\"></span>la participaci\u00f3n a<span class=\"_ _6\"></span>l 31 de diciembre de 2024 y 2023 son lo<span class=\"_ _6\"></span>s siguientes<span class=\"_ _6\"></span>: Miles \u20ac<span class=\"ff4\"> </span>Cr\u00e9ditos a Corto Plazo Deudores a Corto Plazo (Nota <span class=\"ls9\">25</span>) Acreedores a Corto Plazo (Nota 26) 31 <span class=\"ls2c\">de </span>diciembre de 2024 Oleoenerg\u00eda de Puertollano, S.L. 12<span class=\"ls0_1\"> </span>                            <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Capacitaci\u00f3n de Servicios Forestales, S<span class=\"_ _1\"></span>.L.                             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>830<span class=\"ls0_1\"> </span>               <span class=\"ls9\">1.766<span class=\"ls0_1\">  </span></span>                          <span class=\"ls9\">12 <span class=\"ls0_1\"> </span></span>                          <span class=\"ls9\">830<span class=\"ls0_1\">  </span></span>               <span class=\"ls9\">1.766<span class=\"ls0_1\">  </span></span>Miles \u20ac<span class=\"ff4\"> </span>Cr\u00e9ditos a Corto Plazo Deudores a Corto Plazo (Nota 25) Acreedores a Corto Plazo (Nota 26) 31 <span class=\"ls2c\">de </span>diciembre de 2023 Oleoenerg\u00eda de Puertollano, S.L. 12<span class=\"ls0_1\"> </span>                            <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Capacitaci\u00f3n de Servicios Forestales, S<span class=\"_ _1\"></span>.L.                             <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>64<span class=\"ls0_1\">1 </span>               <span class=\"ls9\">1.036<span class=\"ls0_1\">  </span></span>                          <span class=\"ls9\">12 <span class=\"ls0_1\"> </span></span>                          <span class=\"ls9\">64<span class=\"ls0_1\">1  </span></span>               <span class=\"ls9\">1.036<span class=\"ls0_1\">  </span></span>Las <span class=\"_ _15\"></span>transaccion<span class=\"_ _6\"></span>es <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>han <span class=\"_ _15\"></span>efectuad<span class=\"_ _6\"></span>o <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>sociedades<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>q<span class=\"_ _6\"></span>ue <span class=\"_ _15\"></span>consolidan <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>or <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>m\u00e9todo <span class=\"_ _15\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _15\"></span>p<span class=\"_ _6\"></span>articipaci\u00f3n<span class=\"_ _6\"></span> durante el ejercicio 2024 y<span class=\"_ _6\"></span> 2023 s<span class=\"_ _6\"></span>on las s<span class=\"_ _6\"></span>iguientes: Miles \u20ac<span class=\"ff4\"> </span>Servicios Prestados Gastos de Explotaci\u00f3n 2024<span class=\"ls0_1\"> </span>Capacitaci\u00f3n de Servicios Forestales, S<span class=\"_ _1\"></span>.L.  1.063 4.336 1.063<span class=\"ls0_1\"> </span>4.336<span class=\"_ _33\"> </span>Miles \u20ac<span class=\"ff4\"> </span>Servicios Prestados Gastos de Explotaci\u00f3n 2023<span class=\"ls0_1\"> </span>Capacitaci\u00f3n de Servicios Forestales, S<span class=\"_ _1\"></span>.L.  879<span class=\"ls0_1\"> </span>3.100 879<span class=\"ls0_1\"> </span>3.100<span class=\"_ _33\"> </span>34.2<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Saldos y t<span class=\"_ _1\"></span>ransacciones con socios m<span class=\"_ _1\"></span>inoritarios </span></span>Los saldos man<span class=\"_ _6\"></span>tenidos con socios minorita<span class=\"_ _6\"></span>rios al 31 de diciembre de <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>4 y 2023 s<span class=\"_ _6\"></span>on los siguientes<span class=\"_ _6\"></span>: Miles \u20ac<span class=\"ff4\"> </span>Activos financieros Largo Plazo (Nota 27.2) Activos financieros Corto Plazo (Nota 27.2) Deudores a Corto Plazo (Nota 25) Deudas a Largo Plazo  Deudas a Corto Plazo  Acreedores a Corto Plazo (Nota 26) 31 de diciembre de 2024 Woodpecker Acquisitions S.\u00e1 r.l. 5.625 12.971 - 29.015 876<span class=\"ls0_1\"> </span>- San Miguel Arc\u00e1ngel, S.A. - - - - - - Aceites y Energ\u00eda Santamar\u00eda, S.A. - - 298<span class=\"ls0_1\"> </span>- - 55<span class=\"ls0_1\"> </span>5.625<span class=\"ls0_1\"> </span>12.971<span class=\"ls0_1\"> </span>298<span class=\"ls0_1\"> </span>29.015<span class=\"ls0_1\"> </span>876<span class=\"ls0_1\"> </span>55<span class=\"ls0_1\"> </span>Miles \u20ac<span class=\"ff4\"> </span>Activos financieros Largo Plazo (Nota 27.2) Activos financieros Corto Plazo (Nota 27.2) Deudores a Corto Plazo (Nota 25) Deudas a Largo Plazo  Deudas a Corto Plazo  Acreedores a Corto Plazo (Nota 26) 31 de diciembre de 2023 Woodpecker Acquisitions S.\u00e1 r.l. 14.819 2.657 - 4.868 244<span class=\"ls0_1\"> </span>- San Miguel Arc\u00e1ngel, S.A. - - 278<span class=\"ls0_1\"> </span>- - - Aceites y Energ\u00eda Santamar\u00eda, S.A. - - 848<span class=\"ls0_1\"> </span>- - 58<span class=\"ls0_1\"> </span>14.819<span class=\"ls0_1\"> </span>2.657<span class=\"ls0_1\"> </span>1.126<span class=\"ls0_1\"> </span>4.868<span class=\"ls0_1\"> </span>244<span class=\"ls0_1\"> </span>58<span class=\"ls0_1\"> </span>La <span class=\"_ _10\"></span>deuda <span class=\"_ _10\"></span>a <span class=\"_ _10\"></span>largo <span class=\"_ _10\"></span>plazo <span class=\"_ _10\"></span>se <span class=\"_ _10\"></span>correspond<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>con<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>u<span class=\"_ _6\"></span>n <span class=\"_ _10\"></span>pr\u00e9stamo <span class=\"_ _10\"></span>otorgado <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>Wood<span class=\"_ _6\"></span>pecker <span class=\"_ _15\"></span>Acq<span class=\"_ _6\"></span>uisition<span class=\"_ _6\"></span>s <span class=\"_ _10\"></span>S.a.r.l. <span class=\"_ _10\"></span>a Magnon <span class=\"_ _18\"> </span>Green <span class=\"_ _1e\"> </span>Energy, <span class=\"_ _18\"> </span>S.L. <span class=\"_ _17\"> </span>Durante <span class=\"_ _18\"> </span>el <span class=\"_ _1e\"> </span>ejercicio <span class=\"_ _18\"> </span>20<span class=\"_ _6\"></span>24 <span class=\"_ _18\"> </span>Wood<span class=\"_ _6\"></span>pecker <span class=\"_ _18\"> </span>Acquisitions<span class=\"_ _6\"></span>, <span class=\"_ _18\"> </span>S.\u00e1.r.l. <span class=\"_ _1e\"> </span>ha <span class=\"_ _18\"> </span>otorgado<span class=\"_ _6\"></span> pr\u00e9stamos <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>filial <span class=\"_ _0\"></span>MAGNON <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>impo<span class=\"_ _6\"></span>rte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>31.106 <span class=\"_ _0\"></span>mil<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>\u20ac<span class=\"_ _6\"></span><span class=\"ff4\"> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>an <span class=\"_ _0\"></span>amortizad<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>6.959 <span class=\"_ _0\"></span>mil<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span></span>\u20ac<span class=\"ff4\">. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>el<span class=\"_ _6\"></span> </span>ejercicio 2023 se canc<span class=\"_ _6\"></span>elaron <span class=\"ff6\">1<span class=\"_ _6\"></span>2.975 miles \u20ac</span>. Es<span class=\"_ _6\"></span>te pr\u00e9stamo devenga u<span class=\"_ _6\"></span>n tipo de inter\u00e9s d<span class=\"_ _6\"></span>el 4,51<span class=\"_ _6\"></span><span class=\"ls39\">%.</span> Las <span class=\"_ _6\"></span>trans<span class=\"_ _6\"></span>acciones <span class=\"_ _6\"></span>que <span class=\"_ _6\"></span>se <span class=\"_ _6\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>efectuado <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ocios <span class=\"_ _6\"></span>minoritar<span class=\"_ _6\"></span>ios <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>dicie<span class=\"_ _6\"></span>mbre <span class=\"_ _6\"></span>de <span class=\"_ _6\"></span>202<span class=\"_ _15\"></span>4 <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>son <span class=\"_ _15\"></span>las siguientes: Miles \u20ac<span class=\"ff4\"> </span>Ventas Compras Gastos de Explotaci\u00f3n Gastos Financieros 2024<span class=\"ls0_1\"> </span>Woodpecker Acquisitions S.\u00e1 r.l. -<span class=\"fs1\"> </span>-<span class=\"fs1\"> </span>                     <span class=\"ls0_1\">-<span class=\"_ _1\"></span><span class=\"ls3c\">   <span class=\"fs1 ls0_1\"> </span></span></span>1.024<span class=\"fs1\"> </span>San Miguel Arc\u00e1ngel, S.A. -<span class=\"fs1\"> </span>3.613<span class=\"fs1\"> </span>                     <span class=\"ls0_1\">-<span class=\"_ _1\"></span><span class=\"ls3c\">   <span class=\"fs1 ls0_1\"> </span></span></span>-<span class=\"fs1\"> </span>Aceites y Energ\u00eda Santamar\u00eda, S.A. 395<span class=\"fs1 ls0_1\"> </span>2.483<span class=\"fs1\"> </span>                 <span class=\"lse\">406 <span class=\"fs1 ls0_1\"> </span></span>-<span class=\"fs1\"> </span>395<span class=\"fs1 ls0_1\"> </span>6.096<span class=\"fs1 ls0_1\"> </span>406<span class=\"fs1 ls0_1\"> </span>1.024<span class=\"_ _33\"> </span>Miles \u20ac<span class=\"ff4\"> </span>Ventas Compras Gastos de Explotaci\u00f3n Gastos Financieros 2023<span class=\"ls0_1\"> </span>Woodpecker Acquisitions S.\u00e1 r.l.                      <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                  <span class=\"ls9\">538<span class=\"ls0_1\">  </span></span>San Miguel Arc\u00e1ngel, S.A.                      <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>               <span class=\"ls0_1\">3.508  </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>Aceites y Energ\u00eda Santamar\u00eda, S.A.                   <span class=\"ls9\">321<span class=\"ls0_1\">  </span></span>               <span class=\"ls9\">2.033<span class=\"ls0_1\">  </span></span>                  <span class=\"ls9\">368<span class=\"ls0_1\">  </span></span>                     <span class=\"ls0_1\">-</span>   <span class=\"ls0_1\"> </span>321<span class=\"ls0_1\"> </span>5.541<span class=\"ls0_1\"> </span>368<span class=\"ls0_1\"> </span>538<span class=\"ls0_1\"> </span>34.3<span class=\"ff5\"> <span class=\"_ _c\"></span><span class=\"ff3 fc2\">Operaciones <span class=\"_ _1\"></span>con Administ<span class=\"_ _1\"></span>radores </span></span>ENCE no mantiene saldos pendientes <span class=\"_ _1\"></span>de liquidaci\u00f3n con sus <span class=\"_ _1\"></span>Administradores al cierre de <span class=\"_ _1\"></span>los ejercicios 2024 y <span class=\"_ _12\"> </span>2023.  Adicionalmente <span class=\"_ _12\"> </span>ENC<span class=\"_ _6\"></span>E  no<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>h<span class=\"_ _6\"></span>a <span class=\"_ _1a\"> </span>efectuado <span class=\"_ _12\"> </span>tra<span class=\"_ _6\"></span>nsacciones  con <span class=\"_ _11\"> </span>su<span class=\"_ _6\"></span>s <span class=\"_ _12\"> </span>Administra<span class=\"_ _6\"></span>dores <span class=\"_ _12\"> </span>du<span class=\"_ _6\"></span>rante  dicho<span class=\"_ _1\"></span>s ejercicios.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-22": {
   "value": "36.<span class=\"ff5 ls0_1\"> <span class=\"_ _a\"></span><span class=\"ff3\">Hechos posteriores </span></span>Financiaci\u00f3n adq<span class=\"_ _6\"></span>uisici\u00f3n ins<span class=\"_ _6\"></span>talaci\u00f3n biometano<span class=\"_ _6\"></span> Con <span class=\"_ _10\"></span>fecha <span class=\"_ _10\"></span>30 <span class=\"_ _10\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _10\"></span>enero <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>2025,<span class=\"_ _6\"></span> <span class=\"_ _10\"></span>Biofertilizan<span class=\"_ _6\"></span>tes <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>Biometa<span class=\"_ _6\"></span>no <span class=\"_ _10\"></span>Camarles, <span class=\"_ _0\"></span>S.L.<span class=\"ls10\">, <span class=\"_ _0\"></span></span>100% <span class=\"_ _10\"></span>participada <span class=\"_ _0\"></span>por <span class=\"_ _10\"></span>EN<span class=\"_ _6\"></span>CE Biog\u00e1s <span class=\"_ _10\"></span> y <span class=\"_ _10\"></span>Biometeg\u00e1s <span class=\"_ _10\"></span>la <span class=\"_ _10\"></span>Galer<span class=\"_ _6\"></span>a <span class=\"_ _10\"></span>S.L. <span class=\"_ _10\"></span>100% <span class=\"_ _10\"></span>participada <span class=\"_ _10\"></span>por <span class=\"_ _10\"></span>B<span class=\"_ _6\"></span>iofertilizantes <span class=\"_ _10\"></span>y <span class=\"_ _10\"></span>Biometano <span class=\"_ _0\"></span>Camarles, <span class=\"_ _10\"></span>S.L, <span class=\"_ _10\"></span>han suscrito <span class=\"_ _15\"></span>con <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>entidad <span class=\"_ _15\"></span>financiera <span class=\"_ _15\"></span>un <span class=\"_ _15\"></span>contra<span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>pr\u00e9stamo <span class=\"_ _15\"></span>bajo <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>mod<span class=\"_ _6\"></span>alidad <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>\u201c<span class=\"_ _6\"></span>Project <span class=\"_ _6\"></span>finance\u201d <span class=\"_ _15\"></span>par<span class=\"_ _6\"></span>a financiar <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>adquis<span class=\"_ _6\"></span>ici\u00f3n <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>pos<span class=\"_ _6\"></span>terior <span class=\"_ _15\"></span>ampliaci\u00f3n <span class=\"_ _10\"></span> de <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>plan<span class=\"_ _6\"></span>ta <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>biometano <span class=\"_ _15\"></span>situad<span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>en <span class=\"_ _15\"></span>el <span class=\"_ _15\"></span>municipio <span class=\"_ _15\"></span>de<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>la Galera <span class=\"ff6\">\u2013</span> Tarragona (v<span class=\"_ _6\"></span>\u00e9ase Nota 6). El <span class=\"_ _6\"></span>importe <span class=\"_ _15\"></span>total <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>icha <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>es <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>19.582 <span class=\"_ _15\"></span>miles <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>euros <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>su<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>vencimiento<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>se <span class=\"_ _15\"></span>produ<span class=\"_ _6\"></span>cir\u00e1 <span class=\"_ _6\"></span>el <span class=\"_ _6\"></span>3<span class=\"_ _6\"></span>0 <span class=\"_ _6\"></span>de<span class=\"_ _6\"></span> junio <span class=\"_ _e\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>2037. <span class=\"_ _e\"></span>De este <span class=\"_ _e\"></span>importe, a <span class=\"_ _a\"></span>la <span class=\"_ _1\"></span>fecha <span class=\"_ _e\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _1\"></span>dispuesto <span class=\"_ _e\"></span>14.925 miles <span class=\"_ _a\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>euros.<span class=\"_ _6\"></span> <span class=\"_ _e\"></span>Es<span class=\"_ _6\"></span>ta <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>ciaci\u00f3n <span class=\"_ _e\"></span>devenga un coste referenciado<span class=\"_ _6\"></span> al Euribor 6 meses m\u00e1s u<span class=\"_ _6\"></span>n diferencial de 2,25%. <span class=\"_ _6\"></span> <span class=\"_ _6\"></span> Esta <span class=\"_ _15\"></span>financiaci\u00f3n <span class=\"_ _15\"></span>in<span class=\"_ _6\"></span>cluye <span class=\"_ _15\"></span>garant\u00edas <span class=\"_ _15\"></span>vinculadas <span class=\"_ _15\"></span>exclus<span class=\"_ _6\"></span>ivamente <span class=\"_ _6\"></span>al <span class=\"_ _15\"></span>activo <span class=\"_ _15\"></span>finan<span class=\"_ _6\"></span>ciado<span class=\"_ _6\"></span>,<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y <span class=\"_ _15\"></span>por <span class=\"_ _6\"></span>ta<span class=\"_ _6\"></span>nto <span class=\"_ _15\"></span>s<span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>recurso al <span class=\"_ _11\"> </span>resto<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>de <span class=\"_ _11\"> </span>sociedades<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>activ<span class=\"_ _6\"></span>os <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>Grupo<span class=\"_ _6\"></span>, <span class=\"_ _12\"> </span>entre <span class=\"_ _11\"> </span>o<span class=\"_ _6\"></span>tras, <span class=\"_ _11\"> </span>prenda <span class=\"_ _12\"> </span>s<span class=\"_ _6\"></span>obre <span class=\"_ _11\"> </span>el <span class=\"_ _12\"> </span>100% <span class=\"_ _12\"> </span>de <span class=\"_ _12\"> </span>las <span class=\"_ _11\"> </span>accion<span class=\"_ _6\"></span>es <span class=\"_ _11\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>los financiados,<span class=\"_ _6\"></span> <span class=\"_ _1e\"> </span>sobre <span class=\"_ _17\"> </span>sus <span class=\"_ _1e\"> </span>act<span class=\"_ _6\"></span>ivos, <span class=\"_ _1e\"> </span>y <span class=\"_ _17\"> </span>sobre <span class=\"_ _1e\"> </span>su<span class=\"_ _6\"></span>s <span class=\"_ _1e\"> </span>derechos <span class=\"_ _17\"> </span>de <span class=\"_ _1e\"> </span>cobro<span class=\"_ _6\"></span>, <span class=\"_ _1e\"> </span>actu<span class=\"_ _6\"></span>ales <span class=\"_ _1e\"> </span>y <span class=\"_ _17\"> </span>futuros. <span class=\"_ _1e\"> </span>As<span class=\"_ _6\"></span>imismo, <span class=\"_ _1e\"> </span>esta financiaci\u00f3n <span class=\"_ _18\"> </span>incluye  obligaci<span class=\"_ _6\"></span>ones <span class=\"_ _18\"> </span>de  suminis<span class=\"_ _6\"></span>tro  d<span class=\"_ _6\"></span>e  dete<span class=\"_ _6\"></span>rminada <span class=\"_ _18\"> </span>informaci\u00f3n  de <span class=\"_ _18\"> </span>car\u00e1ct<span class=\"_ _6\"></span>er  operativo <span class=\"_ _18\"> </span>y financiero, <span class=\"_ _1a\"> </span>habituales  de <span class=\"_ _12\"> </span>este <span class=\"_ _12\"> </span>tipo  de <span class=\"_ _12\"> </span>financiaci\u00f3n,<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>as\u00ed  c<span class=\"_ _1\"></span>omo <span class=\"_ _12\"> </span>el  cumplimi<span class=\"_ _6\"></span>ento <span class=\"_ _1a\"> </span>de <span class=\"_ _12\"> </span>determinad<span class=\"_ _6\"></span>os  ratio<span class=\"_ _1\"></span>s econ\u00f3micos d<span class=\"_ _6\"></span>e solvencia <span class=\"_ _6\"></span>y <span class=\"_ _6\"></span>rentabilidad<span class=\"_ _6\"></span> as<span class=\"_ _6\"></span>ociados a <span class=\"_ _6\"></span>informaci\u00f3n <span class=\"_ _6\"></span>financiera con<span class=\"_ _6\"></span>solidada <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>los<span class=\"_ _6\"></span> financiad<span class=\"_ _6\"></span>os<span class=\"ls16\">. </span>Tambi\u00e9n <span class=\"_ _6\"></span>inc<span class=\"_ _6\"></span>luye <span class=\"_ _15\"></span>determinad<span class=\"_ _6\"></span>as <span class=\"_ _15\"></span>restricciones, <span class=\"_ _15\"></span>prin<span class=\"_ _6\"></span>cipalmente <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>reparto <span class=\"_ _15\"></span>de <span class=\"_ _15\"></span>dividend<span class=\"_ _6\"></span>os <span class=\"_ _15\"></span>y <span class=\"_ _15\"></span>a <span class=\"_ _15\"></span>la <span class=\"_ _15\"></span>obtenci\u00f3n<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>de nueva <span class=\"_ _e\"></span>finan<span class=\"_ _6\"></span>ciaci\u00f3n, <span class=\"_ _1\"></span>y <span class=\"_ _e\"></span>la <span class=\"_ _1\"></span>disposici\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>una tesorer\u00eda <span class=\"_ _e\"></span>m\u00ednima <span class=\"_ _1\"></span>equivalente <span class=\"_ _e\"></span>a 6 <span class=\"_ _e\"></span>meses <span class=\"_ _e\"></span>de cobertura <span class=\"_ _e\"></span>del <span class=\"_ _1\"></span>servicio de la deuda. Al <span class=\"_ _e\"></span>ob<span class=\"_ _6\"></span>jeto <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cubrir <span class=\"_ _1\"></span>el rie<span class=\"_ _1\"></span>sgo <span class=\"_ _1\"></span>derivad<span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>la contrataci\u00f3n de <span class=\"_ _e\"></span>esta financiaci\u00f3n <span class=\"_ _e\"></span>a tipo <span class=\"_ _1\"></span>de <span class=\"_ _e\"></span>in<span class=\"_ _6\"></span>ter\u00e9s <span class=\"_ _1\"></span>variable, ENCE ha <span class=\"_ _0\"></span>suscrito <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _10\"></span>entidad<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>financiador<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>del <span class=\"_ _10\"></span>proy<span class=\"_ _6\"></span>ecto, <span class=\"_ _0\"></span>contratos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cobertura <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>tipo<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>de <span class=\"_ _10\"></span>inter\u00e9s <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>un nocional equivalent<span class=\"_ _6\"></span>e al 70% de las ca<span class=\"_ _6\"></span>ntidades d<span class=\"_ _6\"></span>ispuestas estimadas d<span class=\"_ _6\"></span>urante la vigencia de la financiaci\u00f3n<span class=\"_ _15\"></span>. <span class=\"_ _6\"></span> La presente Financiaci\u00f3n<span class=\"_ _6\"></span> se configura como u<span class=\"_ _6\"></span>n Pr\u00e9stamo Verde b<span class=\"_ _6\"></span>ajo los Principio<span class=\"_ _6\"></span>s de Pr\u00e9stamos Verd<span class=\"_ _6\"></span>es<span class=\"_ _6\"></span>. Certificados de ah<span class=\"_ _6\"></span>orro energ\u00e9tico<span class=\"_ _6\"></span> El <span class=\"_ _6\"></span>Negocio <span class=\"_ _15\"></span>Celulosa <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>generado <span class=\"_ _15\"></span>importantes <span class=\"_ _15\"></span>ah<span class=\"_ _6\"></span>orros <span class=\"_ _6\"></span>de <span class=\"_ _15\"></span>energ\u00eda <span class=\"_ _6\"></span>como <span class=\"_ _6\"></span>resu<span class=\"_ _6\"></span>ltado <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>e <span class=\"_ _15\"></span>haber <span class=\"_ _15\"></span>llevado <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>cabo actuaciones <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>eficiencia <span class=\"_ _15\"></span>energ\u00e9tica<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>y<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>ha <span class=\"_ _15\"></span>cedido <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span>ichos <span class=\"_ _15\"></span>derechos <span class=\"_ _6\"></span>a <span class=\"_ _15\"></span>una <span class=\"_ _15\"></span>comercializadora<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>espa\u00f1<span class=\"_ _6\"></span>ola <span class=\"_ _6\"></span>para <span class=\"_ _15\"></span>la obtenci\u00f3n de Certificados de Ahorro Energ\u00e9tico (CAE)<span class=\"_ _6\"></span>, en bas<span class=\"_ _6\"></span>e a lo establecido en el Real Decreto 36/2023, de <span class=\"_ _12\"> </span>24  de <span class=\"_ _12\"> </span>enero,  por <span class=\"_ _12\"> </span>el  que  se <span class=\"_ _11\"> </span>esta<span class=\"_ _6\"></span>blece  el <span class=\"_ _12\"> </span>sis<span class=\"_ _6\"></span>tema  de <span class=\"_ _12\"> </span>Certificados<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>d<span class=\"_ _6\"></span>e <span class=\"_ _12\"> </span>Ahorro<span class=\"_ _6\"></span> <span class=\"_ _12\"> </span>E<span class=\"_ _6\"></span>nerg\u00e9tico  y <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>Ord<span class=\"_ _6\"></span>en TED/815/2023, <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>18 <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>julio,<span class=\"_ _6\"></span> <span class=\"_ _15\"></span>que <span class=\"_ _15\"></span>lo <span class=\"_ _6\"></span>des<span class=\"_ _6\"></span>arrolla. <span class=\"_ _15\"></span>La <span class=\"_ _6\"></span>cesi\u00f3n <span class=\"_ _15\"></span>de <span class=\"_ _6\"></span>derechos <span class=\"_ _15\"></span>se <span class=\"_ _15\"></span>ha <span class=\"_ _15\"></span>perfeccionado<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>en <span class=\"_ _15\"></span>febrero <span class=\"_ _6\"></span>de 2025 <span class=\"_ _0\"></span>con <span class=\"_ _11\"></span>la <span class=\"_ _0\"></span>inscripci\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>efinitiva <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>\u00e9stos <span class=\"_ _0\"></span>en <span class=\"_ _11\"></span>el <span class=\"_ _10\"></span>Registro<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>Nacion<span class=\"_ _6\"></span>al <span class=\"_ _0\"></span>de <span class=\"_ _11\"></span>CAE <span class=\"_ _0\"></span>y <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>estima <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>registro <span class=\"_ _11\"></span>como ingreso en dicha fecha.<span class=\"_ _6\"></span> Estos ahorros de <span class=\"_ _e\"></span>energ\u00eda han <span class=\"_ _1\"></span>supuesto la <span class=\"_ _e\"></span>acredita<span class=\"_ _6\"></span>ci\u00f3n de 191 <span class=\"_ _e\"></span>miles de <span class=\"_ _e\"></span>CAE,<span class=\"_ _6\"></span> siendo <span class=\"_ _e\"></span>su precio <span class=\"_ _1\"></span>de cesi\u00f3n, neto de costes de ob<span class=\"_ _6\"></span>tenci\u00f3n, d<span class=\"_ _6\"></span>e 30 <span class=\"ff6\">millones \u20ac. Se estima s<span class=\"_ _6\"></span>u cobro en <span class=\"_ _6\"></span></span>el primer trimestre de <span class=\"_ _6\"></span>2025<span class=\"_ _6\"></span>. No <span class=\"_ _11\"></span>se <span class=\"_ _0\"></span>han<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>producido <span class=\"_ _11\"> </span>otros <span class=\"_ _11\"> </span>hechos <span class=\"_ _11\"> </span>destacables <span class=\"_ _11\"> </span>desde <span class=\"_ _11\"></span>el <span class=\"_ _11\"> </span>31 <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>dici<span class=\"_ _6\"></span>embre <span class=\"_ _11\"></span>de <span class=\"_ _0\"></span>2<span class=\"_ _6\"></span>024, <span class=\"_ _11\"> </span>adicionales<span class=\"_ _6\"></span> <span class=\"_ _11\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _11\"> </span>ya desglosados<span class=\"_ _6\"></span> en estas cuentas<span class=\"_ _6\"></span> anuales conso<span class=\"_ _6\"></span>lidadas,<span class=\"_ _6\"></span> que impliquen su modificaci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-23": {
   "value": "Anex<span class=\"_ _a\"></span>o<span class=\"_ _6\"></span> I - Per\u00edmetro de c<span class=\"_ _1\"></span>onsolidaci\u00f3n<span class=\"_ _33\"> </span>A <span class=\"ls0_1\">continuaci\u00f3n se <span class=\"_ _e\"></span>detalla el porcentaje <span class=\"_ _1\"></span>de participaci\u00f3n directa <span class=\"_ _1\"></span>o indirecta <span class=\"_ _e\"></span>q<span class=\"_ _6\"></span>ue Ence Energ\u00eda <span class=\"_ _1\"></span>y Celulosa, <span class=\"_ _1\"></span>S.A. </span>mantiene en las sociedad<span class=\"_ _6\"></span>es del Grupo al 31 d<span class=\"_ _6\"></span>e diciembre d<span class=\"_ _6\"></span>e 2024 y 202<span class=\"_ _6\"></span>3:<span class=\"_ _33\"> </span>Sociedad  Domicilio Actividad % de participaci\u00f3n directa o indirecta M\u00e9todo de consolidaci\u00f3n (b) 202<span class=\"ls0_1\">4 </span>202<span class=\"ls0_1\">3 </span>Negocio de energ\u00eda <span class=\"_ _1\"></span>renovable- Ence Renov<span class=\"_ _1\"></span>ables, S.L.U. (c)  (e<span class=\"_ _1\"></span>) Beatri<span class=\"_ _1\"></span>z de Bobadilla, 14 (M<span class=\"_ _1\"></span>adrid) Holding 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Magnon Gree<span class=\"_ _1\"></span>n Energy, S.L. (a) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid Holding y gesti<span class=\"_ _1\"></span>\u00f3n de bio<span class=\"_ _1\"></span>masa 51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Celulosa Ene<span class=\"_ _1\"></span>rg\u00eda, S.A.U. (a) Armental, s/n Nav<span class=\"_ _1\"></span>ia - Asturias Gesti\u00f3n<span class=\"_ _1\"></span> de energ\u00eda el\u00e9ct<span class=\"_ _1\"></span>rica 51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ence Energ\u00eda Huel<span class=\"_ _1\"></span>va, S.L.U. (a) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n <span class=\"_ _1\"></span>de energ\u00eda el\u00e9ct<span class=\"_ _1\"></span>rica 51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ence Energ\u00eda Extr<span class=\"_ _1\"></span>emadura, S.L.U. (a)<span class=\"_ _1\"></span> Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de energ\u00eda el\u00e9ct<span class=\"_ _1\"></span>rica 51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ence Energ\u00eda Huel<span class=\"_ _1\"></span>va Dos, S.L.U. (a)<span class=\"_ _1\"></span> Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de energ\u00eda el\u00e9ct<span class=\"_ _1\"></span>rica 51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Energ\u00eda de la <span class=\"_ _1\"></span>Loma, S.A. (a) Villanuev<span class=\"_ _1\"></span>a del Arzobispo (<span class=\"_ _1\"></span>Ja\u00e9n) Gesti\u00f3n<span class=\"_ _1\"></span> de energ\u00eda el\u00e9ct<span class=\"_ _1\"></span>rica 32,67 32,67 I.G. Energ\u00edas de l<span class=\"_ _1\"></span>a Mancha Eneman, S.A. (<span class=\"_ _e\"></span>a) Villart<span class=\"_ _1\"></span>a de San Juan (Ciudad R<span class=\"_ _1\"></span>eal) Gesti\u00f3n<span class=\"_ _1\"></span> de energ\u00eda el\u00e9ct<span class=\"_ _1\"></span>rica 34,89 34,89 I.G. Ence Energ\u00eda Puer<span class=\"_ _1\"></span>tollano<span class=\"_ _1\"></span>, S.L.U. (a) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid Gesti\u00f3n <span class=\"_ _1\"></span>de energ\u00eda el\u00e9ct<span class=\"_ _1\"></span>rica 51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Bioener<span class=\"_ _1\"></span>g\u00eda Santamar\u00eda, S.A (a) Lucena (Cor<span class=\"_ _1\"></span>doba) Gesti\u00f3n <span class=\"_ _1\"></span>de energ\u00eda el\u00e9ct<span class=\"_ _1\"></span>rica 35,7 35,7 I.G. Ence CO2, S.L.U. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) Inactiva 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Ence Biog\u00e1s, S.L.  (c<span class=\"_ _1\"></span>)  (e) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s y ferti<span class=\"_ _1\"></span>lizantes 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. BioCH4 Devel<span class=\"_ _1\"></span>opments, S.L.  (c)<span class=\"_ _1\"></span>  (e) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) Desarrol<span class=\"_ _1\"></span>lo plantas de bio<span class=\"_ _1\"></span>g\u00e1s 60<span class=\"ls0_1\"> </span>60<span class=\"ls0_1\"> </span>I.G. Biog\u00e1s San Este<span class=\"_ _1\"></span>ban, S.L.U. (c) (d) (f<span class=\"_ _1\"></span>) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s  100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Biog\u00e1s Almacel<span class=\"_ _1\"></span>les, S.L.U. (c) (d) (<span class=\"_ _1\"></span>f) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) Gesti\u00f3n <span class=\"_ _1\"></span>de biog\u00e1s  100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano Laguna de Negril<span class=\"_ _1\"></span>los , S.L.U. (c) (d) (f) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano Sertogal Xunqueir<span class=\"_ _1\"></span>as , S.L.U. (d) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n <span class=\"_ _1\"></span>de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>- I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano ALMACELLES, S.L.U. (d) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n <span class=\"_ _1\"></span>de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>- I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano CARMONA, S.L.U. (d) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>- I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano LUCILLOS, S.L.U. (d) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>- I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano BARBASTRO, S.L.U. (d) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>- I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano Santovenia del Esla, S.L.U. (d)<span class=\"_ _1\"></span> Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>- I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano ZUERA, S.L.U. (d) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>- I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano XUNQUEIRAS, S.L.U. (d)<span class=\"_ _1\"></span> Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>- I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano PELEAS DE ABAJO, S.L.<span class=\"_ _1\"></span>U. (d) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>- I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano CASTELLAR, S.L.U. (d) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>- I.G. Bioferti<span class=\"_ _1\"></span>lizantes y biomet<span class=\"_ _1\"></span>ano CAMARLES, S.L.U. (d)<span class=\"_ _1\"></span> Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de biog\u00e1s y biomet<span class=\"_ _1\"></span>ano 100<span class=\"ls0_1\"> </span>- I.G. Biometag\u00e1s La <span class=\"_ _1\"></span>Galera, S.L. (d) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n<span class=\"_ _1\"></span> de energ\u00eda ecol\u00f3gic<span class=\"_ _1\"></span>a 98<span class=\"ls0_1\"> </span>- I.G. Infraestr<span class=\"_ _1\"></span>uctura de Biomet<span class=\"_ _1\"></span>ag\u00e1s, S.L. (d) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) Comerciali<span class=\"_ _1\"></span>zaci\u00f3n de gas  98<span class=\"ls0_1\"> </span>- I.G. Magnon Servic<span class=\"_ _1\"></span>ios Energ\u00e9ti<span class=\"_ _1\"></span>cos, S.L. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) Gesti\u00f3n<span class=\"_ _1\"></span> biomasa 75,5 75,5 I.G. Magnon Biomasa, S.L.<span class=\"_ _1\"></span>U. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) Comerciali<span class=\"_ _1\"></span>zaci\u00f3n biomasa 51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ence Energ\u00eda Este<span class=\"_ _1\"></span>, S.L.U. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ence Energ\u00eda Extr<span class=\"_ _1\"></span>emadura 2, S.L.U. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ence Energ\u00eda Cel<span class=\"_ _1\"></span>ta, S.L.U. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ence Energ\u00eda Cast<span class=\"_ _1\"></span>illa y Le<span class=\"_ _1\"></span>\u00f3n, S.L.U. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ence Energ\u00eda Cast<span class=\"_ _1\"></span>illa y Le<span class=\"_ _1\"></span>\u00f3n Dos, S.L.U. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ence Energ\u00eda Pa<span class=\"_ _1\"></span>mi, S.L.U. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ence Biomasa C\u00f3<span class=\"_ _1\"></span>rdoba, S.L.U Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Huelva 10 Solar<span class=\"_ _1\"></span>, S.L.U (d) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>- 51<span class=\"ls0_1\"> </span>I.G. Ancen Solar III, S.L.U<span class=\"_ _1\"></span>. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Granada 133 Solar<span class=\"_ _1\"></span>, S.L.U. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Sevilla 90 Sol<span class=\"_ _1\"></span>ar, S.L.U. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ancen Solar IV, S.L.U. (d)<span class=\"_ _e\"></span> Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>19,21 19,21 I.G. Ancen Solar V, S.L.U.<span class=\"_ _1\"></span> Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-<span class=\"ls2\">5 </span>(Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Ence Energ\u00eda Puer<span class=\"_ _1\"></span>tollano<span class=\"_ _1\"></span> 2, S.L.U. Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n, 3-5 (Madrid) (**)<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G. Oleoene<span class=\"_ _1\"></span>rg\u00eda de Puertol<span class=\"_ _1\"></span>lano, S.L. Arruzafa, 21 (C\u00f3rdo<span class=\"_ _1\"></span>ba) Gesti\u00f3n<span class=\"_ _1\"></span> de energ\u00eda el\u00e9ct<span class=\"_ _1\"></span>rica 15,3 15,3 M.P. Promotores <span class=\"_ _1\"></span>Atarfe 220 KV, AIE Paseo de la <span class=\"_ _1\"></span>Castellana, 163 (M<span class=\"_ _1\"></span>adrid) (**)<span class=\"ls0_1\"> </span>36,15 36,15 I.P<span class=\"ls0_1\"> </span>Magnon - Juan Mar<span class=\"_ _1\"></span>\u00eda Estevez UTE Orense, 58 (M<span class=\"_ _1\"></span>adrid) Gesti\u00f3n <span class=\"_ _1\"></span>de residuos forest<span class=\"_ _1\"></span>ales 65<span class=\"ls0_1\"> </span>65<span class=\"ls0_1\"> </span>I.P<span class=\"_ _33\"> </span>(a) Cuentas anuales auditadas (b) M\u00e9todo de consolidaci\u00f3n:  I.G. (integraci\u00f3n global); M.P. (M\u00e9todo de participaci\u00f3n); I.P. (integraci\u00f3n proporcional) (c) Durante el ejercicio 2024, las sociedades Ence Biomasa, Ence PV y Ence Servicios Ene<span class=\"_ _1\"></span>rg\u00e9ticos  se han traspasado desde<span class=\"_ _6\"></span>  Ence a Ence Renovables. As\u00ed mismo, Sostenibi<span class=\"_ _1\"></span>lidad y Econom\u00eda Circular se ha traspasado de Ence Renovables a Ence.<span class=\"_ _6\"></span> (d) Variaciones del per\u00edmetro durante el ejercicio 2024 (ver Nota 6). (e) Variaciones del per\u00edmetro durante el ejercicio 2023 (ver Nota 6). (f) Cambio de denominaci\u00f3n en 2024. Biog\u00e1s San Esteban, S.L.U. anteriormente Ence Biomasa, S.L.U.; Biog\u00e1s Almacel<span class=\"_ _1\"></span>les, S.L.U.<span class=\"_ _6\"></span>  anteriormente Ence PV, S.L.U.; Biofertilizantes y biometano Laguna de N<span class=\"_ _1\"></span>egrillos, S.L.U. anteriormente Ence Servicios Energ\u00e9tico<span class=\"_ _6\"></span>s, S.L.U. (**) Actualmente en fase de tramitaci\u00f3n administrativa de nuevas plantas<span class=\"_ _1\"></span> de generaci\u00f3n de energ\u00eda renovable.<span class=\"_ _6\"></span> Sociedad  Domicilio Actividad % de participaci\u00f3n directa o indirecta M\u00e9todo de consolidaci\u00f3n (b) 2024<span class=\"ls0_1\"> </span>2023<span class=\"ls0_1\"> </span>Negocio de celulosa<span class=\"_ _1\"></span>- Celulosas de<span class=\"_ _1\"></span> Asturias, S.A.U. (a) Armental, s/n Nav<span class=\"_ _1\"></span>ia - Asturias (a)<span class=\"_ _1\"></span> Producci\u00f3<span class=\"_ _1\"></span>n celulosa y ener<span class=\"_ _1\"></span>g\u00eda el\u00e9ctrica 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Silvasur Agrof<span class=\"_ _1\"></span>orestal, S.A.U. (a) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n <span class=\"_ _1\"></span>patrimonio forest<span class=\"_ _1\"></span>al 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Ibersilva, S.A.U.<span class=\"_ _1\"></span> Ctra A-5000 Km 7,5 (<span class=\"_ _e\"></span>H<span class=\"_ _6\"></span>uelva) Servicio<span class=\"_ _1\"></span>s forestales 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Ence Terra, S.A.U. (<span class=\"_ _1\"></span>a) Lourizan, s/n (Pont<span class=\"_ _1\"></span>evedra) Gesti\u00f3n <span class=\"_ _1\"></span>patrimonio fore<span class=\"_ _1\"></span>stal 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Ence Investi<span class=\"_ _1\"></span>gaci\u00f3n y De<span class=\"_ _1\"></span>sarrollo, S.A.U. Louriz\u00e1n s/n (Pont<span class=\"_ _1\"></span>evedra) Investigaci<span class=\"_ _1\"></span>\u00f3n y desarrollo  100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Liptoflor , S.A. (a) Lisboa (Por<span class=\"_ _1\"></span>tugal) Compraventa de<span class=\"_ _1\"></span> madera 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Las Pl\u00e9yades <span class=\"_ _1\"></span>Uruguay, S.A. <span class=\"ff6\">\u2013</span> Sucursal<span class=\"_ _e\"></span> en Argentina Montevi<span class=\"_ _1\"></span>deo (Uruguay) Inactiva 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Las Pl\u00e9yades <span class=\"_ _1\"></span>Uruguay, S.A. Montevi<span class=\"_ _1\"></span>deo (Uruguay) Inactiva 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Capacitaci<span class=\"_ _1\"></span>\u00f3n de Servicio<span class=\"_ _1\"></span>s Forestales, S.L. Curtis (La Cor<span class=\"_ _1\"></span>u\u00f1a) Trabajos for<span class=\"_ _1\"></span>estales 25<span class=\"ls0_1\"> </span>25<span class=\"ls0_1\"> </span>M.P. Biofibras d<span class=\"_ _1\"></span>e Galicia, S.L. (e) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Producci\u00f3<span class=\"_ _1\"></span>n celulosa 100<span class=\"ls0_1\"> </span>- I.G. Ibersilva <span class=\"_ _1\"></span>Servicios Sucursal<span class=\"_ _1\"></span> em Portugal Lisboa (Por<span class=\"_ _1\"></span>tugal) Servicio<span class=\"_ _1\"></span>s forestales 100<span class=\"ls0_1\"> </span>100<span class=\"ls0_1\"> </span>I.G. Sostenibi<span class=\"_ _1\"></span>lidad y Econom\u00eda Ci<span class=\"_ _1\"></span>rcular, S.L.U. (c ) Est\u00e9banez Calder<span class=\"_ _1\"></span>\u00f3n<span class=\"ls10\">, </span>3-5 (Madrid)<span class=\"_ _1\"></span> Gesti\u00f3n <span class=\"_ _1\"></span>de residuos  100<span class=\"ls0_1\"> </span>51<span class=\"ls0_1\"> </span>I.G.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  }
 }
}